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Remortgaging and seeking to let house on temporary basis
It just happens I would like to remortgage about 5 months before relocating to another country for about ten months. My UK employment will continue during this period. Current lender - C & G - will allow me to let the house while I am away, but it does not offer the sort of new deal I would prefer (namely a 10 year fix…
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zero hour contract and mortgage first time buyer
Myself and my partner are looking into a mortgage. we're both fairly young and have little outgoings (still at home) We currently have around £25K and are looking at purchasing a property somewhere between 130k and 160k. Currently I work in sales on a 16K basic but also take home around 4-600 a month in bonuses and work…
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Discharched Bankrupty, Buy to Let, should i be honest
Was Bankrupt is Dec 2006, and have been squeaky clean since then, I am looking at buying my first BTL and I know one of the questions is have you ever been bankrupt, Should I be honest, how will it affect my chances even if it was 9 years ago,
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Will i be declined for mortgage again
hello all I changed my name 6 years ago and later changed address. I have been keeping an eye on my credit score (experian) which has been good for many years. I applied for a mortgage in august, passed DIP, passed full application and paid valuation. a couple of days later i was advised risk team declined because of…
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Confused about rates
Can someone please help me understand the following, i'm looking at buying a house for 150k, with a 30k deposit, therefore requiring 120k mortgage. On the Natwest website there are 3 different options available for a 5 year fixed period. What I do not understand is the two fixed rate (none FTB Exclusive) options. One has a…
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Conveyancing
Hi guys im looking for a decent conveyancer, and i've looked at these sites that compare prices of them. Has anyone used HSK solicitors before? Or does anyone have any decent recommendations, do they need to be local
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Mortgage Fixed Rate Question
Hi all Just a general question, paperwork on my mortgage is not that clear. I am 14 Months into a 24 month fixed, with a penalty if I leave earlier. We are thinking of moving house, seen one that is perfect upgrade for us. Its a question on the mortgage woolwich have not been very helpful and have just want us to commit to…
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Yorkshire Building Society Application Process
Hello, We applied for a 2yr fix 90% LTV mortgage (no defaults/bad credit and we can afford it based on income) on Wed over the phone with YBS and got an AIP to secure a sale on a house we've offered on. I'm just wondering how likely we are to be approved for the full application now, do YBS do a full credit check or soft…
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Mortgage Agreed...but money being held back?
Good Morning, We have had a mortgage agreed however following the valuation we have been told that £10,000 is being kept back (retained) until the following have been done:- 1. Damp and Timber Inspection regarding dampness and condition of sub floor and roof voids regarding high damp levels and active woodworm 2. Qualified…
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What's the lowest mortgage amount?
Some studio apartment flats have appeared in the market in my area for £18,000. Assuming I put down a 10% deposit, is it realistic to get a mortgage for the remaining £16,200? I ran the sums through a calculator and the monthly payments would be less than £100 a month. Would anyone offer such a mortgage or do you think the…
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The Mortgage Packager
Hi Has anyone had any experience using these? Currently carrying out a fact find with them and cant find reviews on them so was just wondering if anyone had experience with them? Many thanks
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Mortgage Agency No 5 - Advice please
We received an offer for a mortgage in 2007 from GMAC-RFC LIMITED; transferred then to Mortgage Agency No 5 Plymouth. The mortgage rate changed 5 times in one year alone. We have a variable rate mortgage 5.75 per cent, this rate is for the life of the mortgage!! Is there any way we can get out of this predicament? Is there…
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Porting and affordability check
Hi, I have been reading lots of recent articles about porting mortgages and that, if you are not wishing to take any more money or change the term of the mortgage the provider should not ask you to undertake an affordability check and that the regulators introduced new guidelines to stop this practice. Is this correct as I…
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Mortgage Porting.....Help Needed
Hi everyone, I am in the process of porting my Mortgage but am concerned about the Final Settlement Statement that my solicitor has obtained from Woolwich. I was on a 2year fixed rate mortgage with Santander. After the two years we changed to a 5yr fixed rate with Woolwich. We are now a year into this mortgage and are in…
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Can I remortgage after a year?
I bought my first house last year for £194000 with a 25% deposit and a First Direct 5 year fix (2% early repayment charge so 3k) Rate is 3.69% and after a year the balance due has dropped from £145500 to £141000 or so as would be expected. I am a reasonable saver and still have around 10-20K about and a job which is stable…
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Mortgage or buy outright?
Hi, I am looking to buy a house. I have saved enough to buy it outright without having to have a mortgage. However is it better to do this or to protect my capital and borrow the money with a mortgage instead? When I say better, long term, will I save more money by having a mortgage and keeping my savings in my ISA account…
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Shared Equity query...
Hi all, This is my first post so be kind! Me and my wife bought our first property a couple of years ago. It was an apartment with a shared equity deal with the developers (Shepherd homes). We put in a 5% deposit, they in turn put in 15% which we owe them back whenever we sell or remortgage. My query is a long shot at…
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Put money into mortgage or wait?
We have recently inherited £50 k which is well timed as we really need a bigger house. We would like one on the same estate where we are but nothing for sale at the moment. We have decided to wait 12 months and see is anything comes up for sale and if not, extend our current property. I'm unsure what to do with the 50k in…
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Can we reserve new build for 3 months
Hi this may be a straight forward decision for many but would just like some honest blunt as you like feedback. Right we have seen a new build we would like to buy we are in a position to buy as we have the fees and deposit for the property etc, the only thing holding us back is I have am due to start a job in sales in…
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Advice needed over remortgage.
Hi. I am seeking advice over a remortgage. The situation is slightly complicated. Basically we currently own a brand new house worth £179,500 (bought in Nov 2013. The figures stack up as £35,800 on 20% shared equity, a mortgage of £80,999 and equity of £62800. Due to a change in circumstances, I am expecting baby no 3 and…
