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Divorce - forced to stay on mortgage
Hi, I have just been to court for a final divorce hearing and my ex has been awarded the property - so the deeds will be transferred into her name. She doesnt work as shes been off since we split and then lost her job so she cannot get a mortgage - so i have to stay on the mortgage. No time frame was set for this - this is…
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Refused an Agreement in Principle - how long to wait before reapplying?
My wife and I were refused an agreement in principle (I think due to the number of credit cards we held jointly – a number of which with zero balances (which we are closing today) and also the percentage of available credit being used – over 50% though again, I paid off and closed a card yesterday. The first company…
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YBS mortgage valuation
Hi, I was looking for a bit of advice please. I have held a mortgage with YBS since April 2008 and the fixed rate ended April 2013. When I tried to sign up to a new fixed deal YBS informed me that my property value had decreased by £10,000 in line with interest rates and I was therefore in negative equity. Having looked at…
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Which Route broker or direct?
Hello .... So current situation Husband has a 50% shred ownership mortgage with Santander balance of £56k We would like to staircase to 100% as a joint application Our joint earnings are 46k the property has been valued at 170k with us been offered the further share for 81.5k So full mortgage amount would be £137.5k Should…
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Remortgage now or wait until fixed rate expires?
Hi all, We've got approx £121,000 left on our mortgage with Scottish Widows, which is at 4.09%, 2 yr fixed rate. This deal expires 1 July 2015. I'm self-employed and my wife is a teacher. Question is, should we remortgage now? We've had an agreement in principle from Yorkshire BS at 1.84% for a 2 yr fix, but would it be…
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HBOS Query
Boyfriend and I were first time buyers last year and our fixed rate will end in January 2015. We're in Scotland and bought our flat quite a bit under the Home Report valuation (£22000 under) due to the circumstances of the sale (flat had been part exchanged by owner for new build and so housebuilder wanted shot of it).…
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How do you trace back mortgage history?
Complicated story, so sorry in advance. My partner and her ex bought a property in 1999 for £40000, they split up and sold it for £128000 in 2006. They put a deposit down when they purchased but she can't remember how much, but even if it was only £2000, that means the house made £90000 equity. When the house was sold she…
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Help with getting a mortgage on my own
To cut a terribly long story very short I am hoping to buy my own property soon. I have debts of around £12,000 but when the property I live in is sold, I am set to walk away with £150,000 in equity which I want to use to buy a new home for myself and the children and try and get a mortgage of £60,000. I realise that is a…
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Valuation before or after underwriting
There has been a bit of discussion around this on the waiting for a mortgage offer thread so I thought it might be an idea to start a separate thread where we could list lender and process. I'm with precise and it looks like it's underwritten before valuation.
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Remortgaging - help please
Hi there, I'm wondering if anyone has advice or experience on the following situation. My parents own a £700,000 mortgage free property with gardens and paddocks. Anyhow, we (myself and my parents), want to build a small cottage on our land. We however are facing issues with obtaining a remortgage as my parents are old ;)…
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mortgage offer and long term sick leave
We have a mortgage offer. It is looking increasingly likely that if/when we move my husband (whose wage the mortgage is mainly based on) may be signed off work with work related stress by the doctor. Does anyone know if the mortgage company is likely to withdraw their offer in this instance? Please be aware I am asking…
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Pensioner Mortgage
My mum will be 73 at her next birthday. She is receives a state pension of £8853pa plus £1640pa (from a private pension). I have read of mortgages for people up to 85 or 87 years of age (although lender was not disclosed) She would like to purchase something at £250k or just below and has a 20% deposit. However, she is…
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Santander- decision tree obstacle on property
Can anybody help please.. Our buyers buyers mortgage has been offered, however offer letter requested structural survey due to crack, this is being caused by a tree on next doors property, tree surgeon advised proper maintenance or removal of tree, neighbour happy to remove tree, all paperwork submitted to santander, it is…
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first time buyer completely clueless (new build) (newhomes mortgage services)
Hi, im hoping for some advice about buying my first house, im completely clueless so i want to get my facts straight and find out exactly what i need. I went to see a newbuild showhome at the weekend, and after viewing the reps proposed that New homes mortage services ring me for an 'Affordability check' so i said yeah…
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How does porting a mortgage work?
I've not really been explained this properly by our broker or solicitor, or maybe I don't really need to know. But I'd quite like to understand it. Right now, we have exchanged on a house and have our mortgage agreed which includes 70% remortgage (porting) and 30% additional funds. The offer details both products, amounts,…
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Buyer Complication ?!
Well down the selling and buying process and actually looking toward an exchange date. My OH and I have signed our contracts and it's my understanding that our buyers are about to sign their in preparation for exchange. My vendors have are also ready to go. Today we have found out the following: Only one of the couple that…
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Port mortgage or take out new one?
We are looking to buy a new house. We have accepted an offer on ours and have been looking at properties for a while. My oldest daughter starts primary school August 2015 and we are moving to a better catchment area for schools. We have an agreement in principal for £160k which would allow us to purchase a house up to…
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Self employed, RTB, Mortgage
Hi could anybody please give a little advice please, I'm looking for a mortgage for our council house thro the RTB property valued at 138k after discount we have a purchase price of 63k which is great, the problem I have is that I am self employed (7 years) with earnings of 19,5k for 13/14 but only 13.6k for 12/13, my…
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Mortgages offer to underwriter
Hi, We applied for a mortgage back in April and got a mortgage offer. We exchanged contracts 2 weeks later and now we due to complete in 3 weeks time. When we exchanged we paid 15k to the building developers (new build) as part of our contract. Now received a call 5 months later from mortgage offer saying that it's gone to…
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Could anyone offer advice?
Hello, thanks for looking! My partner and I are getting married next year and we would like to buy a home together as we've rented long enough. My concern is my partner is 55, currently a home owner and when he sells the house will recoup around 20k whereas I am 32 and have never owned a property before. Could anybody…
