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Offset Mortgage Tips
Hi, I'm really new to the forum, but for the past year I've really been trying to get my family into a better financial position. We now budget for EVERYTHING and are building up our 6 month emergency fund in our offset mortgage, which is obviously having a impact on the amount of interest we pay on our mortgage. But I was…
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Transferring ownership from joint to single.
Hi, hope you can help as in a bit of a pickle. I haven't lived at the co-owned property in 5 years which my ex resides in and pays for. Halifax have now agreed via a Transfer of Ownership deed, for my ex girlfriend to have the mortgage in her name only. My question is this - Does this free me up to apply for a new…
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help me understand the help to buy schemes please
Our house is too small, 5 living in a 2 bed house. A house has become available at the bottom of our road which is 4 bed -perfect!! Except I think ( we still need to see a financial advisor) we are about £20,000 short! Can we use the government help to buy scheme? I know we can for new builds but there are no 4 beds left…
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Finding a independent financial mortgage advisor
I am about to buy my first flat. I currently live near Southampton but am looking to buy a place in Bournemouth where I am hoping to start a new job I need to find out what size mortgage / deposit is required. So I realise I need to contact an independent financial mortgage advisor. Do I select one local to me where I live…
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LTV Valuation
Hello all, I’m trying to work out my current LTV for a remortgage application with Barclays/Woolwich in the coming weeks. The property was built by Crest Nicholson in 2008 and sold for £190k and I purchase the property in February 2013 for £171k I’ve ran it through some of the below online tools and they come up with the…
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Adding Mortgage Reserve to Mortgage
Hi We have a Woolwich Mortgage and were incredibly stupid a few years back and ran our Mortgage Reserve up to £20k. We are paying this back but slowly as our annual income is fairly low at the moment and we have other debts. The long term plan was to pay off the reserve with an inheritance which we should receive before…
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Nationwide Mortgage - Declined
My partner and I applied for a Nationwide decision in principle using their online service but regrettably we were declined. I am going to write to them later informing them that we are disappointed in their decision. I am going to also request their decision to reject us in detail. After we were rejected a mortgage by…
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Barclays great escape 2yr fixed rate
Just seen this online..... Has anyone gone for this remortgage? Do they really not need a valuation or do you provide it? Seems like a great deal..... Or am I being naive.... First time I've remortgaged and first time faced the new rules of affordability checks..... Their affordability calculator doesn't go into too much…
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2 Questions
2 quick questions... 1. We've seen a house we like, needs some work doing etc. One thing I noticed was the boiler looked very dated. When I asked the seller when it was last serviced, he said he had no idea as his mother was living in the house. He did state though that his mother had the heating on all the time and never…
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Is a mortgage valuation decision final?
Hi We are trying to buy a house that we love for 230,000 it is lush and perfect for us. We have a deposit of £170,000 and are trying to get a £70,000 mortgage from nationwide. Everything was going fine and we had our mortgage valuation and the surveyor valued it at £0 because it is next door to a chinese takeaway. We are…
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ING to Woolwich. Online banking doesn't work.
Wow - I haven't posted for ages! Anyhow, my ING mortgage has moved to Barclays and now Woolwich due to ING's selling of that part of the business. My issue is that I can't access my mortgage account online. I got the new login information from Barclays, which means that I can login to my online account, but from there I'm…
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Self Build on a Part-Built House
hello, first post :) I have been trying unsuccessfully to obtain a self build mortgage for nearly two years on a property I bought that was part built. yes I know there are al lot of complexities to self building and most I have overcome, but my last mortgage application failed due to the underwriters not wanting to take…
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Bad survey, renegotiate on price - would we get the cash?
As it says really, I know we'd need to speak to our mortgage company but just wondered if people knew the answer. If money was knocked off the price as the survey is terrible (our mortgage is approved and offer received for agreed selling price) would we see this money to use as repairs or would our mortgage just be a…
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Mortgage and loan debt advice
Hi just looking for a bit of advice please from the brokers on here or anyone in the know :) My husband and I have a personal loan which was increased last March to buy another car (well increased by paying off and starting new loan but with the same bank). We are thinking about moving house and need to save a bit more…
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Letter to mortgage provider to explain my deposit
Hi everyone, Just new to this site and I'm after a little bit of advice please. I have received money from an ex partner as she has decided to buy me out of the property we had together. As the house is still in her name, technically it's not a sale so therefore the mortgage provider has asked for a letter to state that…
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How far in advance to request mortgage funds...TSB
Hi all... Hoping someone could offer a bit of reassurance on this situation. A brief outline. We are currently in a house moving chain and were told week before last that everyone had their mortgage in place, searches all done and we were all good to exchange. A couple of enquiries needed tying up but nothing major. Aiming…
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Overpayments on BTL
Hi folks, I've asked this question in a fashion before but maybe didn't explain the circumstances correctly Firstly I have one mortgage on 4.99%,£32k outstanding, £285 per month payment. Rent £500 a month. This is a BTL on repayment Second mortgage is 2.5%,£43k outstanding, £323 per month payment, rent £600 a…
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Buy to Let - 5 year fix? Leeds BS?
My broker has recommended the Post Office's 5 year fixed buy to let mortgage which has a fee of £1495 (3.75% fix). I've found a cheaper overall 5 year option with the Leeds Building Society (3.99% fix) but cannot do this through the broker as they haven't recommended this product to me - they say LBS take a long time to…
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Mortgage Offer queries - Nationwide
We currently have a remortgage application processing with Nationwide. I am told by broker that mortgage offer will issue by Monday. I have seen on here sometimes the mortgage offer contains clauses that require the applicants to pay off certain debts before completion- would this have been discussed with us in advance or…
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Chances of a remortgage?!?
Wonder if you could help me.... What are the chances of remortgage being accepted on following:- House value £200,000 Mortgage outstanding £130,000 Want to borrow £150,000 over 20 years Income £52,000 Only debt credit card £8,500 always made payments Many thanks in advance :-)
