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How much can I borrow?
I currently have a mortgage of £200,000 with the property worth £380. I want to get a new mortgage and do this with my partner . They have a salary of 30,000 with me on the same £30,000. What would be the maximum I could borrow on a 25 year mortgage? Thanks.
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Early Repayment Charges
Hi I've got a mortgage with The Mortgage Works which is interest only. However I've got a reasonable sum of cash sat in a savings account that I'm planning to use to make an early repayment. However I'm being put off a bit from doing so by the fact that The Mortgage Works has an 'Early Repayment Charge' of £90. Does anyone…
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Mortgage advice, relationship breakdown
Hi all, Okay as the title states I own a joint mortgage with my now ex girlfriend. I moved out as she wanted 'space' so I now rent a room from a friend. She wants me to take my name off of the mortgage which I am happy to do so but feel I deserve (a little)something as have put a lot of effort into the house (flooring,…
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Mortgage with accidental CCJ!
I recently discovered that I have a County Court Judgment on my credit record as the result of a parking charge from the notorious Parking Eye in June 2013, when they claim I overstayed in a car park. They wrote to me at the time, I telephoned them to query the charge and they said they would suspend action while they…
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Best way to climb ladder
Anybody who has seen my previous post will know I'm hopefully after a Mortgage next Summer after previous bad credit.... Is there Mortgages that help you 'do the house up with'? Thinking about buying a shed of a house and doing it up as I'm a Joiner and could easy do the rest..... Can any body advice doing it this way? Is…
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Expensive ground rent - can it be challenged?
My partner and I have just had an offer accepted on a leasehold flat. It's a ground floor conversion in a victorian terrace. The estate agent has told us that the ground rent is £500 per annum, and that we will be responsible for buildings insurance as there is no service charge. I was expecting ground rent of around…
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my rights as a husband and dad
Hi Sorry if I have posted this in the wrong place. Basically we will pay our mortgage off soon but the house mortgage is in my name. If I put the house in joint names, can my wife kick me out? Don't wish to go into detail about our relationship problems!
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Stamp duty reforms from midnight tonight.
The new rates will be: nothing on the first £125,000, 2% on the share above that up to £250,000; then 5% on the next slice up to £925,000; then 10% on the next slice up to £1.5m; then 12% on everything above that. IE: If you buy a house at £300,000 then it will be 2% on £125k to £250k PLUS 5% on the remaining £50k Seems…
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Is this ?
Hi. Have found conflicting info online so thought I would ask here. Can I buy 50/50 with friend. They live in the property and pay rent to me for my half? I would want to finance my half as buy to let, they would want regular residential mortgage. If this is not possible is there any way I can finance my half based on the…
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FTB just looking for some info.
Hello everyone. Have just had an offer accepted on a property and am waiting for my mortgage advisor to sort the mortgage side out (I know nothing about this process at all!) he has already calculated previously that I can afford what I need so now is the time for the official application I guess. What I wanted to know was…
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Can i get a mortgage? Please help
Hello and thanks for reading this. I really need some clarity on what I can or cannot do. I have a huge (pre-crash) interest only mortgage that i'm trying reduce next year (by selling) and eventually freeing myself from by hopefully obtaining a repayment mortgage. I need to relocate nearer to family (more expensive area) I…
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Bank of Ireland and credit files
Hi all, I've just logged on to my credit expert file and there are 4 new recorded searches by Bank of Ireland. This has knocked my score, and I know it's only relevant to me, from 982 excellent to 901 good. Why has it had such an impact? Nothing else has changed. If this mortgage falls through this could have a major…
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LLoyds mortgage offer period
Hi, Sold my property couple of months ago and the person who has purchased it has a mortgage offer from Lloyds - can anyone confirm how long they last for from Lloyds? The first property I was purchasing fell through, thankfully found another, but by the time it is likely to complete it will be over 3 months. I know my…
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Looking to borrow x5 salary
Hi All, I have an agreement in principal from HSBC which indicates they will lend me 4.75 x salary which is great. Unfortunately I would like to borrow x5 salary HSBC won't lend me such a high multiple. Does anyone know any lenders that would ? or if there is any way round the salary multiple, many thanks
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Small change in outgoing after exchange - worried!
Does anyone have any experience of the lender pulling out after exchange of contracts due to an increase of £30.35p per month in fixed outgoings? scared about telling lender as we have borrowed the most we can afford on the mortgage and petrified of losing our deposit and indeed the house we love. We are buying a new home…
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accepted on Credit Score?
Hi, We are applying for a mortgage for our next home. We have been through a broker, so far the experience has been great. I haven text from them saying we have been accepted through credit scoring (checked my Experian, Generic Identity Check Completed). This was a good feeling but I am still panicking? Should I be…
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Force of sale?
I bought a house equally with my ex partner in 2011. We split up in April 2013 and since then I've paid mortgage and all other bills (he moved out straight away) I've had trouble transferring the mortgage into my sole name since then and have received all sorts of threats off my ex in the meantime. The bank have said that…
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Early Repayment Charges
Hi all. I took a £50k mortgage in Nov 2005. I've noticed on a statement that I was charged a reducing early repayment charge in each of the first five years. Starting at £2,500, £2,000, £1,500, £1,000 and finally £500. A total of £7,500. For the life of me, I really don't understand what this is for. It was a brand new…
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How ind!pendant is our mortgage advisor?
Hi, this is my first post so bear with me! We (partner and I) are first time buyers so I will be on here lots now! My question is....we have been speaking with an independent mortgage advisor on the phone and by email, and I have just sent all of our documents for him to find us a mortgage. It clearly states on the website…
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Fix for 2 or 4+ years
Remortgaging house at start of new year, currently on an 85% LTV 2 year fix at 3.94%. Property value increased by almost by 2.5-5% during that period (not quite enough to apply for an 80% LTV). Am I best getting a 2 year fix and then an 80% LTV in two years time when the value will have risen, or fix at 85% LTV for 4-5…
