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SSTC How late in the stage?
We have accepted an offer on our house and I have spotted a house locally that was sold subject to contract. This has recently to become back on the open market. Someone has pulled out but how long in the selling process will a house become sold subject to contact??
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New mortgage paid but not completed yet
My solicitor was planing on exchange and completion last month so drawn Down mortgage funds, 1 month Down the line still not exchanged and have just been charged my first mortgage and a half payment for my new house. Has anybody else experienced this and will my original mortgage still be charged which is due next week
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First time buyer. HELP
Hi, I'm a 31 year old female who is desperate to buy my own home. I currently live back at home in London. My wage is about 21,000 a year. Very low ( flight attendant) I'm at the age where I want at least a 3 bed house. Prices in London and outskirts are ridiculous. I spoke to a broker and she informed me based on my wage…
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Historical debt, no mortgage?
Anyone care to speculate on chances of a mortgage? My husband had a loan with Abbey National in about 2004 for about £8k. He defaulted when he was made redundant around 2005 and the debt was passed to Moorcroft. He made regular monthly payments to them until 2009ish when he was again made redundant. We got financial advice…
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Advice wanted re mortgage please
Hello there! I'm looking for some advice, here is the situation. Property A: We have a mortgaged property with £86k-ish mortgage on a house bought for £110k but worth probably £100k now. The mortgage is 1/base which has been great of late & with HSBC. The house is rented out, with permission from HSBC, for 1 year. Property…
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best time to apply for a mortgage - bad credit history
Hi I am looking for some advise on when will the best time to reapply for a mortgage. My credit history is good. My husbands is not so good. 1. He missed several mortgage payments from 2010 - 2012 not every month but quite a significant number so he had to take out some equity from the house to repay this debt. it shows on…
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Self Build mortgage lenders
Could anybody recommend a Self Build mortgage lender ? We are thinking of going down this route and not knowing anything about this type of build wondered what to do about having funds in place to look for a suitable plot ? we currently own outright a property worth around 280k and have 30k to put down as a deposit and…
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Mortgage advice - French house purchase
Hi, could someone please give me some guidance on the best means of buying a house in France. We need to mortgage approx 75k Stirling but are unsure what the best means of securing this is. Should we remortgage our UK house which is presently mortgage free or take out a French mortgage through a French bank. Any guidance…
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Remortgaging - Bad reviews for lenders lawyers
Hi All, I'm in the process of my first ever remortgage. I'm trying to go with Natwest on a 3 year fixed rate and they have instructed Gordons Property Lawyers to complete the process. In all honesty I don't have a clue about what this remortgage entails. I actually thought I'd just apply, it would get accepted, old…
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First time buyer mortgage 75% LTV
My husband and I are buying our first home and are researching mortgages. So far I have done the research myself and haven't been to a broker. Now we've found the right house and had an offer accepted, and the vendor is keen for us to progress quickly. The best mortgage I have found is with First Direct. We can borrow…
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What insurance cover do I need for a Mortgage?
Hi, We went into a meeting with a Mortgage Advisor who was trying to sell us all kinds of insurance. I want to know - what ACTUAL insurance do you need when taking out a mortgage? I believe there's strictly one type - is it "term assurance with critical illness"? That's the quote I have with Legal and General. Whatever you…
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Mortgage for a couple of oldies!!
Thinking of selling up and downsizing as son is off to Uni soon. Where would be stand on getting a mortgage for a new home. Would we only be able to get a mortgage term up to my husband's retirement age which is in 10 years? I realise a 25 year term would be impossible but do lenders go past retirement age as lots of…
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Second charge mortgage
hi there I am looking to raise a second mortgage on my home but am finding no one wants to know, indeed the product barely seems to exist. Is this right or am i missing something? The reason is we have a tracker with IF and would rather avoid remortgaging if we can. On our current bororwoing and equity (prop value 850k,…
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Mortgage with defaults
Hi, I'm after some help. Myself and my husband are applying for a mortgage, I have a couple of defaults that are over 4yrs old and 1 that is nearly 4yrs old my husbands credit history is clear. When we originally did the application they were fine with my history but we had to put things on hold as the house we wanted took…
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Help with Mortgage.
Hi looking for a little help or advice. I just paid off our mortgage. And we received our land certificate and charge certificate through from our mortgage provider. When we called them they said as we live in scotland we would have to contact a solicitor to get the charge fee dropped. What is this "charge fee" How much…
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Mortgage life cover worries
Hi. We bought our house two years ago with a mortgage from Nationwide. We need to do some work on it so Nationwide have agreed in principle to a loan which runs alongside our mortgage but is separate from it. Since buying our house my husband has been diagnosed and is being treated for stress/anxiety/depression, though he…
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remortgage quick question
Hi all, We have had our first ever mortgage for almost two years and our current deal is coming to an end. I was wondering if there was any leeway to be had with the bank in terms of a little haggling? For example: We are with HSBC and their 5 year fixed rate comes out at £976 per month. First Direct have the same for £931…
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mortgage guarentor
HI all, Does anyone know if there is still such a thing as a guarentor mortgage?? We have always struggled to get on the housing ladder. We only have a joint income of 40,000 and maximum mortgage around 130,000. This is no where near what we need to house our family. We can not get on the council housing list and there are…
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Should we, shouldn't we
So we are in financial doo doo at the moment and one of the reasons is one of us is hopeless with money. We have approx £1400 going out every month on debt payments. I am worrying at night about the situation because one of us thinks we should just remortgage, covering all our debts because we will be about £600 better…
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50% Depoist 50% Mortgage
Hello, Me and my partner are looking to move into a house together as first time buyers. We are looking to buy a house for about 125k. The plan was for me to use my savings that i got from playing poker the last couple of years for 50% of the house and my partner who has 2 stable jobs with regular income to get a mortgage…
