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Mortage Offered and accepted but withdrawn for mistake by surveyor Can this happen?
Hi We have had a mortgage offer from Precise and accepted this offer and were awaiting a completion date from the solicitor, the solicitor has refereed back to precise as the property is leasehold and has only a short lease remaining. Precise were aware of the lease length from the beginning and accepted it, the surveyor…
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Mortgage complications
Hi all, I own a property outright worth approx £160k. My daugher currently lives there and pays rent to me monthly. she will move out next year, at which point I will sell it. I have no income other than my rent as i'm just about to graduate from uni. I currently live with my boyfriend in a rented house. We wish to buy a…
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Aged 63 & Interest-Only Mortgage ending
I have £90,000+ interest only mortgage which is due to end in 2017. I am 63. My wife is 60. She does not work. My property is likely worth in the region of £220-250k. I have a lump sum due from my pension of £30k due in 2017. I have been offered a repayment mortgage for 12 years of £800+ per month which will last until I…
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Mortgage and Underwriting
Hi, I have an initial application go through and got offered 142k instead of the 148.5k I needed. I spoke to work and they gave me a rise and I had a letter to this effect, supplied this to the broker and on to the lender (Santander) a week ago. I have heard back today that they are not happy with the letter as it is…
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BTL Mortgages
Can anyone recommend a BTL product with a 15% or 20% deposit? Are BTL mortgages available on leasehold properties? Thanks in advance
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Evidence of "unencumbered" deposit
For my mortgage application I have to provide evidence of an unencumbered deposit: what does that mean, precisely? My "deposit" is a little over 25% of the value of the house, of which 10% of the total is cash and 15% is equity from the house itself, as I'm buying my mother's house. That 10% is currently invested in a…
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Santander Mortgage
If anyone has recently applied for a mortgage with santander they may be able to reduce Interest rate. I signed for mortgage Saturday 18th April and was approved. Today seen rate had changed in my case from 3.89% to 3.59%. Called up to see if i could change it, Initially tried to charge £199.00 fee but due to interest rate…
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Bank statements for remortgage
Our lender has requested our most up to date bank statements, which is fine and I've requested mine from my bank - I mostly do online banking. Husband, however did bank with NatWest up until last month but had to switch to Barclays due to independence reasons and the type of work that I do which means I can't have any…
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Offset Mortgage or ISA
I am wondering whether to keep my money in my Cash ISA or take it all out and use it to offset my mortgage. I have an offset mortgage with a fixed rate of 4% and outstanding balance of around £66,000. I have around £17,000 in my ISA. My thinking is that the ISA will offer a lower return that the effective 4% I would get by…
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Good sign/ bad sign/ neither...update
Evening This question may be one along the lines of how long is a piece of string.... Applied for a mortgage through a broker to Nationwide and it was referred to underwriters. Lots of documents asked for, passed to senior underwriter. Asked for 1 more document and now with head office. Any ideas if this is a good sign,…
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Any other options
We own a house worth 200k, with mortgage balance of 95k. We have 13k debt and as we had a Debt Line payment plan in place we have quite a bit of negative credit history. We think our only option is to sell the house, pay off debt and then in 6 years (or however long it takes to rebuild credit history) we start again. By…
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Foreign Property Equity?
I was wondering if any of the brokers on these boards would be able to advise whether it's possible to use the equity on a property in Germany to get a higher LTV on a UK property? Ie can I get a 99% mortgage on a UK property using the foreign property as security- it has a mortgage on it already but for 60-70% of the…
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Agency work as a 2nd income?
Just wondering if lenders would accept income from agency work alongside contracted employment? I'm on quite a modest income in my contracted job, but considering topping up with highly paid agency work. I would only have been with the agency for a few months before applying for the mortgage. I have a deposit of £40k and…
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Credit limit increase with a mortgage offer
Hi just want some advice, got a full mortgage offer from halifax last week now just got a letter off my credit card saying they going to increase my limit is this ok? Or should I tell them to leave it as it is? Thanks
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If referred to underwriter likelihood of approval (Halifax)?
Application all agreed in principle, valuation done, all Ok. Was then expecting the mortgage but now referred to underwriter. Any one have experience of this?
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Mortgage Offer Withdrawal
Panicking so much, we asked our mortgage broker after our mortgage offer, if it was okay to get finance, his reply was 'yes , will not be a problem at all. But after reading online that taking it out can cause you to lose your offer ? Will we lose our offer and have we been poorly advised.
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Mortgage Surveyors Not Turning Up
Hi, This is my first post so any advice is appreciated thanks. I'm a first time buyer in the process of buying a flat, and today the surveyors (e.surv) didn't turn up to the property at all after being booked in at 9am. I was notified of this at about 4:30 by the vendor, and I proceeded to ring the surveyors, who were very…
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the lunacy of buying off plan
so a well know london developer I was considering buying a property from (BTL, buy price £360,000, 25% deposit) is insisting that we exchange contracts within 28 days. Now this would be ordinarily ok but as the completion is not until December they are insisting I pay the 10% deposit and exchange within that time without…
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Halifax Mortgage account fee MAF001
Hi, New to site; I have looked at an old forum but still unclear regarding the above. have a mortgage with Halifax -- paid a Product fee of 499; being charged a Mortgage account fee of 245 per annum for the last 3 years -- is this correct? any clarification or help would be appreciated thanks
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Long-term fixed vs short-term fixed
My house is currently worth £140,000, outstanding mortgage is £84,000 - so LTV is 60%. Am currently on a 3.15% mortgage with Natwest that is due to end soon and then revert to their SVR, which I think is currently 4%. I have recently switched my current account to First Direct. They have a 10 year fixed mortgage at 2.89%…
