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Stupid new MMR rules !!!
How stupid is this we currently have a mortgage with first direct and looking to port the mortgage to a new property we currently owe £133000 just sold ours for £196500 and have had an offer accepted on a new property at £189995 so no new borrowing needed and still under 75% Ltv. However when I spoke to them earlier at…
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Virgin money Mortgage Application ... Surveyor Problem
We have applied for Virgin buy to Let mortgage . The survey was done 3 weeks before (17 Jul)We were hoping to receive the decision in 1 week time. But the bank told after 1 week that the surveyor had mistakenly fil the residentiol mortgage report by mistake so they have requested it buy to let report again and after…
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Refinance Options?
I currently have a 2nd mortgage that was used to buy some land a number of years ago. Unfortunately, the interest rate I received was extremely high (10% on $50k). Any ideas on how to refinance to get a lower rate? Thanks in advance!
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Santander delay rant!
So my story so far: 07/07: had offer accepted on new house 11/07: mortgage application went off 17/07: valuation survery carried out 19/07: phone call from MA asking to confirm the house is being sold with vacant possession upon completion - turns out the surveyor asked the vendor this question and she had said no (!)…
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Extending Mortgages
Hi all My partner and I are considering extending our mortgage to reduce our monthly repayments. This would just help for a couple of years while we are paying for childcare etc. Is it as simple as paying an admin fee and it's done and dusted or do you need to remortgage? Thanks in advance...
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Mortgage
Hello Our buyers have applied for a mortgage and the valuation has been done on our home. Could their mortgage application still be turned down? Thank You :)
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Remortgage Zoopla valuation is much lower - advice
So I'm doing a remortgage and the first thing the lenders (woolwich) are doing is a Zoopla Valuation. My broker is dismissive of my own valuation basing it on Zoopla and recent sales alone. The properties in my area are all the same in design and quite unique. I've spoken to all the local agents and trawled through…
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Remortgage Issue with House Evaluation
Hi there, I'm in the position of remortgaging our property. We sat down with Santander and agreed a deal which was approved however we based the existing cost of the property as £182k, this was arrived at as 2 house exactly the same in our street were sold for this amount. I should add the house is a new build about 5…
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Equity release from estate
Hi, I have inherited my mothers house, it was a council property up to 18 months ago when she bought it outright. I realise that if I sell the property I will have to return some of the discount to the local authority, but I cannot find any information regarding a re-mortgage. If I release some of the equity in this way,…
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Help! Tenancy in common confusion!!!
Hello, Myself and my partner are hoping to buy a property together soon - we are both first time buyers. We have received a mortgage in principle agreement based on our combined incomes (we currently have equal incomes). As my partner has a much larger deposit than myself and we are not married, we thought that buying the…
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Mortgage application & credit check
Hi everyone, I'm currently getting through the process of getting my own place as a first time buyer. I had my offer accepted by the end of last month and applying for a mortgage at the moment. Earlier last month my broker got me a DIP with halifax but they required me to put down a 15% deposit (my initial plan was 10%).…
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Mortgage Broker for Ex Pat
If anyone can recommend a mortgage broker with a distinct competence in the ex pat looking for UK mortgage area can they kindly PM me? Thank you.
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Am I straightforward?
Morning! I'd really appreciated some feedback on how straightforward I am with regards to a mortgage application. Annual salary: £12,000 (I've only been on this salary for the last two months and I'm aware that some mortgage providers require you to be on a set wage between 3-6 months before application). No debts.…
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Bit of advice plz :)
Hi guys, We come out of our 5 yr fix this month. We are currently with Santander. The thing is we plan to sell the house 2016. My partner is being offered Voluntary Severance, and we are moving out of London to Manchester. We are still unsure of the moving date. If we fix for 2 years...and want to leave...no doubt we would…
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mortgage company survey
Hi We had our own building survey on a property. Nothing "serious" or "essential" was found, however some damp (and potential reason for it) and rotten soffits and bargeboard noted. I've seen details of the mortgage companies survey which mentions "evidence of dampness and timber infestation", so now I'm worried something…
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New job & mortgage application
Hi, I'm just looking for a bit of advice. I start my new job as a teacher in September( permanent position) and I was wondering how long I needed to have worked in my new job to be eligible for a mortgage? The Teachers building society will accept teachers straight away when they've started a new job but I doubt anywhere…
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First Time Mortgage
Hi Been reading the threads for a few weeks now, and have also been researching options etc online to try to get a better idea of where i stand. I'm 32 and am married with one Daughter. House prices in our area [West Yorkshire] are very good for what you get. I've been looking at 3 bedroom Detached houses at around the…
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How long have you been in work? - Nationwide Affordability Calculator
Do you know what is meant by 'How long have you been in regular work?' when selecting temp work from the employment list? I think it can mean one of two things: - how long have you been working for the employment agency - how long have you been working in total I need to find out which of these it is. I have a permanent…
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Urgent Advice about Mortgage Company Acenden
Hello I really need urgent advice please! I have had a letter from my mortgage company Acenden ...... Every year they are on my back for the buildings insurance for the flat I own. My flat is a leasehold and the insurance is covered by Tendring Council , Tendring Council send Acenden send a letter to reassure them the flat…
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Rising balance on Interest Only?
Hello just after a bit of advise as to who is at error with this? I've recently reviewed my mortgage statements and a couple of years ago we took out some additional borrowing on a interest only repayment. However it looks like the balance of this has been rising and I've not noticed it until the last statement. When I…
