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Porting Questions
Currently in the process of moving offers accepted on both sides, closed chain. We have an existing mortgage and didn't know about porting when working out our sums, we just assumed we would just have to pay the early payment charge and get a new deal. We have 17 years left on our existing mortgage and want to extend the…
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BTL Affordability
Hi, The wife's grandmothers house has been left to my MiL but with a £160,000 charge on it for care home fee's. Its been in the family for generations, unfortunately this generation didn't do effective tax planning due to dementia. The house is worth c.£350,000 in its current state according to local estate agents. Fixing…
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Somewhat annoyed - Good Leasehold
So my application has been in with the lender for well over five weeks. Last word from MA is that systems are being changed thus the delay. Valuation done. Been told offer will be forthcoming once valuation is assessed, and I was told that last Friday. Now I am hearing from the solicitor that it is only a Good Leasehold…
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Can this work?
Hi All, I have a tricky situation and am in need of some advice. I own outright a property that I currently live in with a relative. The relative has a lifetime interest (I think that is the term) in the property and I am not now nor will be receiving any income from it. I wish to branch out on my own and don’t want to…
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Is this correct?
Have seen this in a facebook I'm a member of, wondering if this is correct? Hi guys, if you take your monthly mortgage payment and divide it by 4 and pay weekly on a 25 year mortgage this will take up to 11 years of or is you take your payment and divide it by 2 and pay every 2 weeks this will take up to 7 years of a 25…
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Am I a first-time buyer?
Me and my partner previously had a mortgage on a shared ownership property, on a 25% share with a really small deposit. We moved after a year back into my parents as the area was horrible and we realised there wasn't much being paid off with how small the share was. Still living with my parents. We're both 22. Are we…
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Natwest funds failed to arrive day before completion
Hi All, I'm due to complete tomorrow and the funds from Natwest have not arrived today, despite them promising release of funds today. Solicitor has been told to expect them tomorrow but no reason has been supplied. Is this a common occurrence? Should I be worried?
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YBS underwriters...
Have just got back to me and agreed our application (subject to valuation) I'm sooooo frickin happy I could kiss our advisor (if the restraining order wasn't valid) Anyway, whohoo!
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Change of LTV and personal circumstances - advice needed
Bought a house july 2013, at the time my partner was working and we had 2 incomes, so took a 5 year fixed rate interest mortgage in (just my name as she has bad credit history) as I like to know what Im spending, without any surprises. Fast forward 6 months, and a MASSIVE surprise , she is pregnant. So, baby is not nearly…
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Nationwide Waiting for Offer
What is everyones experience of Nationwide at the moment, they seem to be taking forever at the final stage for us. Full Application- 26/02 Valuation- 03/03 Verbal offer 12/03 Text to say Valuation fine- 16/03 Still waiting for them to confirm it has gone in the post......
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Time Frame from Exchange to Completion
We are buying a new build and are told by Redrow that they have to have 2 weeks between exchnage and completion to put "notification in". Any ideas what this means or why they need to do it, the sales advisor at Redrow didn't really know the answer she just said the process had changed recently.
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First time buyer questions.
Hi everyone, We are finally in a position to be applying for our first mortgage and I have a lot of questions/worries buzzing around in my brain. I'd love some advice, here are my (probably silly) questions: * Should we use a broker? I'm happy to do lots of leg work myself. * We have looked at lots of banks and they seem…
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Deeds Problem
Hi me and my father own a property jointly on a interest only mortgage which we took out in 2006 soon later my father had a major heart attack which left him not capable of returning to work and started claiming benefits and interest payments on the mortgage. The property was bought for £178000 and currently there is…
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Viability as a borrower - Q for brokers :)
Could any brokers have a scan of this and let me know how viable my sister in law and hubby are to borrow £200,000ish over 15 years? They've just spent 2 years clearing debts and doing amazingly well getting their finances sorted - I am in awe of them:) But the question is, how much is their less than perfect past still…
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Question on Deposit
Hi, I was wondering if anyone can help me. We're currently buying a new build property, due to complete on the 30th March. At the moment we have not saved up the full total of the deposit. We've sent the mortgage provider and the solicitors proof of funds so far. Until we get paid this month on the 27th we won't have the…
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Need to renegotiate mortgage but also selling!
Hi! Would appreciate any advice. Mortgage fixed term is due for renegotiation in April but will be hopefully putting house on the market in June. Any advice would be appreciated for when I contact the Building Society soon to renegotiate terms of mortgage. Thanks!
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Paying a lump sum off your mortgage with CC
Hi Is it possible to pay a lump sum of your mortgage using a credit card - I seem to remember being told it is not but wondered why? I was hoping to pay off a chunk using int free purchases credit card. Thanks S
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Buying a 2nd home for family
Hi I have my own house with around £80k mortgage on it. I have family who rent out paying about £500 a month. What we are considering is me buying a 2nd home - and then they would live there and pay off the mortgage. So effectively I'd be renting it to them. What questions do I need to answer to work out if this could…
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Getting a mortgage with different credit ratings?
Hi all, I am wondering if anyone has been in a similar situation and can advise me? My boyfriend and I moved into rented accommodation together in October last year. As I'm sure you know, renting is very expensive, and we would love nothing more than to have a home of our own, that we can decorate and furnish as we please.…
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Which should be paid first?
This might be a stupid question, but I just can't get my head around this at present. If I have a personal loan with 4yrs to go at 4.9% APR, and a mortgage with say 12yrs to go at an interest rate of 2% The car loan as it's a high rate, or the mortgage as it's a longer term - though at a lower rate? Which should I make…