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HSBC remortgage legal advice
I am in the process of re-mortgaging with HSBC, they are also my current lender I am just fixing the rate. The are telling me that I have to take independent legal advice regarding the mortgage contract and have a solicitor sign a document for them to that effect. The solicitors are not doing any conveyancing work or…
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SMI and future-proofing my borrowing
I am eligible for SMI, I can just about manage to pay my mortgage (including the interest that the SMI would cover) without claiming the SMI. I have been advised by a benefits advice office to claim it and have completed the form, but not sent it yet, the reason for my hesitation is as follows. My mortgage is currently in…
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Wife on Mortgage?
Hi there, apologies if this has been talked about before but I have just fallen off the fixed deal I had with Santander and in the process of choosing a new deal it occured to me that she is not named on the previous mortgage and wondered if there was much point to adding her? Has anyone got any insight into this? Thanks…
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e.surv survey completed, do i get told the value?
Ive been so worried about the valuation of the house we want as the valuation survey was being done by e.surv and i thought they would undervalue. as we are extremely tight on the LTV I thought this would be the nail in the coffin for our dream home... well I just got a test saying "your mortgage offer has been issued and…
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Gifted deposit in a will
Hi Any help would be much appreciated. Last year I bought a house with money gifted to me from my partner at the time, who was terminally ill. The mortgage is solely in my name. The understanding in her will was that I was to raise our child and her children from a previous relationship, but due to circumstances beyond my…
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Help To Buy - Mtge Guarantee - max. mortgage amount
Hello, Could you please advise if a mortgage guarantee would allow the bank to lend beyond the limit which is established via income multiples? E.g. if a gross salary is £50k and the income multiple is 4.5, the bank would lend £225k. With a mortgage guarantee of, say, 20% of property price, would the bank be able to lend,…
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Fixed rate, 2 or 5 year
Hi, I was a first time buyer 2 years ago and come the end of April my current fixed rate deal with halifax be ending Interest rates seem very low at the moment so I was wondering should i go for another 2 year fixed or a 5 year fixed? Thanks
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is reducing the term a remortgage?
I've had a read around and have learned that when I come to the end of my fix, I will be asking my lender to move to a customer retention product and NOT remortgaging. :D However what I can't work out is, if I at that point ask to reduce my term by around 7 years (depending on rates) is that then considered a remortgage?…
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Current account switch affect mortgage application?
I have been banking with Natwest for 14 years (from when I was a student). I have been thinking of changing bank accounts (to Nationwide) and was wondering if this effects my credit score? and will it look bad if I was to apply for a mortgage in November 2015? (gives me over 6 months banking with new provider?)
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Help To Buy - Equity Loan - max. % deposit
Hello, Could you please advise me what is the highest % of deposit I can provide in order to still qualify for government equity loan? I am looking at a potential mortgage structure of 60% loan, 20% gov't equity loan, 20% deposit, however is it theoretically possible to , say, make it 58%/20%/22% and still get help to buy?…
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Selling property which mortgage???
I currently have my house up for sale and my mortgage is coming to the end of a two years fixed contract I know I'll go into santander SVR once the two years is up. I'm currently paying 4.69% I know santander SVR isn't too much difference. I want to reduce my DD and I want to pay interest only whilst the house is up for…
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Mortgage declined.....then approved....!
Has anyone had a mortgage declined due to bad credit/finances and then re-applied a year after and got approved? What steps did you take to get approval? did you apply via a broker? is it true you should wait 6 years after last default to re-apply? Advice would be great.
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mortgage account checker
is it possible to have your mortgage account independently checked for accuracy,if so by whom.
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Halifax Mortgage application on Hold
Hi All, I been watching this forum for a while. Have explained my situation below, appreciate your advice, We had an AIP with Halifax last year for nearly 600K and we finally decided our property on 20th Feb for 450K. My partner and me together earn 128K per annum and My Partner has a personal loan outstanding of 13K We…
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Mortgages for Bad Credit History and Low Wage
Hi, does anyone know of any lenders that will lend with previous poor credit history? I defaulted on credit cards in 2006 upon advice from CCCS and ended up with 2 CCJ's against me in 2007. All my debts were settled in July 2011. I am currently renting and looking to buy but only work part-time and get working and child…
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FTB - Joint Application - Advice
Hi all, My partner and I are currently living in a rented house, which the landlord has decided to sell. We discussed before that if the landlord ever decided to sell then we would be interested, so now that point has come. The estate agent has told the landlord we are looking to make an offer, and they aren't arranging…
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Mortgage & Credit Score
Hi I am planning to buy a property with my partner we already found the property and we made an offer but i am worry about the credit score for the below 2 reasons - 3 months ago i moved to new electricity provider and my credit score dropped from excellent to fair (Experian) - My partner been registered to the Electoral…
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Mortgage retention advice
Hi, We have received our mortgage offer with a £3000 retention. This is because their surveyors had suggested ceiling repair work in few rooms. We had the ceilings checked by a qualified and regulated builder who confirmed in writing that only decorative work is required which could be carried out later when a renovation…
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Help please - need to get more on my mortgage
I need to borrow an extra £17,000 on my mortgage. My parents gave me a loan 7 years ago when I took it out and now they want that back. I called the Britannia Building Society (now Cooperative - Im on their standard variable rste at the moment) and was honest with them. They said no immediately as it is debt consolidation.…
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Opinions on 10yr Fixed Rates vs Lifetime Trackers?
We are about to move and had previously negotiated a lifetime tracker of 1.29 plus base with our lender and had discounted their fixed rate deals as the rates were significantly higher and revert to SVR at the end of the terms (which are obviously way more than 1.29 plus base). Our lender are now offering a 10yr fix at…
