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Remortgaging after arrears?
In 2009 we slipped into arrears for two months due to a job loss and as a result had to attend a repossession hearing. Thankfully with the support of Citizens advice and shelter we got things back on track and agreed a small additional amount each month to clear those arrears. This arrears payment is due to finish this…
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HSBC tax avoidance
hi I am 2 years into a 5 year mortgage with 1st Direct. Given the tax avoidance scandal engulfing their parent company HSBC, I object to paying this company several thousands of £s over the next 3 years. Can I exit this arrangement without penalty due to their criminal behaviour? thanks
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Gifted part of a house/mortgage the other
Hi I am looking for advice as my mortgage adviser has confused me! My parents want me and my husband to have their current house when they move out. They have agreed to gift us two thirds of it if we can take out a mortgage on the final third. (around £100,000). Our mortgage adviser says this is a special case and only…
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Question about remortgaging my house
Hi, I bought my house in 2012 for 90k but the home report valuation was £115,000 I believe. I'd like to remortgage it for this price if possible and borrow money to move to another property for BTL purposes. My current deal with Halifax ends in 2018 though. Is this possible to do? My house should still be worth it as I…
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Using credit card during mortgage application
Hi, Easy question which will help me greatly! Our mortgage has recently went to the application stage and hopefully should go to offer by next week. Would using a credit card this week (£500 from a 4k limit for example) have a negative impact on the application? I'm really paranoid I do something wrong! Thanks for any help!
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Consent to Lease
Hi I currently have a 3 year agreement with my MP to lease my property for 3 years - this ends in June 2017. The mortgage I have is an IO one. Has anyone got any experience of what may / may not happen after this point? Will I be able to extend the CTL? Will I be forced to change to a BTL? This would need a big injection…
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Money from deposit or loan for renovation
Hi. Completely newby to mortgages and home buying, though my girlfriend and I are on the road to saving for a deposit and would like some heads up if at all possible. Our predicament is there is a house in a nice area which will be going for cheap though will require a lot of decorating (hasn't been lived in for 20 years,…
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Raising Money on a Propertyy I own Outright
How might one go about doing this? I'm in full employment, but have a cash flow problem that won't be solved until I take my pension, along with a substantial lump sum. I'm considering raising money against the propert I live in as an option. Is this sane? I'm 57 years old. I'd be grateful for some views. Calchas
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Mortgage application
I am a first time buyer and my proposed lender is Halifax. I had an affordability test, and after that a AIP (at least that is what it was called although the paper I have is called Key Facts illustration). The lender also arranged for a Survey which has been carried out and already I have a report. They also instructed…
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Survey has come back as less than what we've agreed to pay!
Hi everyone, A bit of a panic, I apologise. Quick rundown of our situation: Agreed purchase price of property: £249,950 Deposit: £55,000 Loan requested: £194,950 We're FTBs, everything was going so smoothly (completion date even pencilled in for 13th March!) and then today we got our homebuyers report through following our…
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Contractor mortgage brokers
Any contractors have any recommendations for specialist mortgage brokers they've used? I've come across a few, but the spiel on their websites sounds a bit too good to be true, so would like to hear people's experiences. Cheers Pete
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Remortgage
When looking at remortgaging do you have to pay and early repayment charge then or are they only applicable of turn ina fixed term deal?
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Using MSE mortgage calculator for Share to Buy?
Hey! I've recently been accepted on a Share To Buy flat and now want to shop around for mortgages. Can I use the MSE calculator to do this? If so, how? Getting a bit confused. Can I just set the borrow amount to 25% (the percentage I am going to have a mortgage on) to then find the best deals? Thanks for any help, much…
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remortgage help
hi i am just looking to remortgage as im about to enter the final year of a 5 year fixed rate mortgage (rate is terrible), ive done the sums based on the ERC and its should be a good decision, my only questions are:- 1) at what point does the remortgage becoming binding? i.e. if my new lenders valuation shows my property…
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If Gazumped do Nationwide still charge an application fee
I am hoping that someone will be able to advise; here is our timeline so far: 5th Feb - DIP nationwide received for 155k 6th Feb - lost out on property due to a higher offer 16th Feb - Offer accepted on new property 17th Feb - Full mortgage application completed for 174k 18th Feb - Survey completed 20th Feb - Additional…
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Chance of getting a mortgage?
I will be speaking to a broker/adviser as I think this maybe a complex mortgage application, would like to hear your thoughts on it as well. My father owns some properties, one of which he'd like to give to me at a reduced price. The property has current tenants which I'd like to keep there. I'd be a first time buyer so…
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New build - Help2buy Advice.
Hi all, really need some advice... here is the story... My partner and I are FTB. We have reserved a house priced at £139995 until late march, with a solicitor in place and a mortgage pretty much secured. The house however is based on a new site and only land work such as drainage is in progress, we will be first people to…
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Fixed rate 10yr mortgage 6.59%
Yep, that's correct and let's get it out of the way, I now know it wasn't the best decision I ever made. However we signed up around 6yrs ago (looking like conservatives coming into power = presumed high interest rates) and having a family I wanted to have a balanced payment each month. Short story short, I then suffered a…
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Property value - price paid or lender valuation?
Hi All, This post is related to another post I have on the forum. Brief background - I agreed a purchase price of £155k for a property. The lender have valued the property at £147k. Does this mean the purchase price on legal paperwork etc would how as £147k or £155k? Sorry if this is a silly question - I seem to be getting…
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Freehold Flat Mortgage
Having troubles finding a lender who will offer a deal on a freehold flat. The flat is one of 4 in the building. Each of the owners have shares in the freehold company that was set up. I used an IFA who tells me that the only company willing to consider lending are Natwest they have since turned down the application. We…
