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Advice please on porting our mortgage
My wife and I have just sold our flat and we are hoping to port our mortgage to a new property, but are unsure of the process, although I do understand that we would have to reapply. Any advice will be most appreciated. We bought our flat in 1993 for £28,000 and have just sold it for £57,000. The new property we wish to…
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Recovering lost rent from housing benefit tenant? Any hope?
moved to another section - thanks
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Fast Q.
Howdi How long do mortgage offers generally last for? 30 days, 3 months? I have forgotten. Ta M
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Good sign of Leeds book valuation?
Hi all, As the title says really - FTB application currently with Leeds, they have requested a few bits of info and booked valuation - good sign? I know these things are impossible to predict but any experience would be much appreciated. Thanks
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Mortgage after BR
I have read older posts about mortgages after BR but wondered if anyone had had any success in the past 12months or so either three years or more discharged from BR?
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Defaults and mortgage
Hi just looking for a bit of advice. I have a substantial default from 2011 for £8000, I'm currently paying this off monthly balance about £4000. It was for a credit card. Would an adverse mortgage lender look more favourably on me if I satisfied this in full just now or continue to pay monthly. Or does it really not…
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Including crest that will be cleared on an AIP
Afternoon If I am going to clear credit card debt from the sale of my property do I need to include this balance on the AIP? Only reason I ask is that obviously the amount that I can borrow reduces if I include it on the AIP online with Halifax for example. Any advice or experience on this please. Cheers
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Getting a mortgage in my name for my parents?
Hi there, am hoping you lovely people can help and just give me some basic advice at this stage. Am a total newbie when it comes to mortgages so forgive me if anything I ask is obvious but have had a quick google and am struggling to find anything much that relates to our situation. Basically my parents currently rent a 3…
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Martin's mortgage email has worried me today!! Financial advice pleeease
Hi. I'm going to put everything personal down to help you understand my situation. I'm on an interest only mortgage. I'm 43. House is worth £330k. Mortgage is £146. Lots of equity. I live in London. I need to stay in the vicinity (kids, work). I want to get out the interest only trap and as I'm 43, i'm lucky enough to be…
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Switch while in a fix?
Afternoon All I think I've done my sums right, but for some reason the massive differtence makes me feel like I've dome something wrong, so if anyone could confirm my thinking is correct, that would be awesome. I took out a mortgage 23 months ago with HSBC for my first home borrowing 72,000, current balance aprox 69,300.…
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How do I find a good mortgage broker?
A thread from richk77 today got me thinking about this question which comes up on the forum most days. Many of the mortgage application problems highlighted by borrowers on the forum can be dealt with quite easily by an experienced and qualified mortgage broker – and therefore the most common advice from the dozen or so…
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Looking for Mortgage Broker
Hi Guys, I am looking for a suitable mortgage advisor as I have been getting a lot of conflicting advice. My situation is as follows - 100% Shareholder of LTD company about to file 1 years accounts - Under 25 and first time buyer Need a specialist advisor who has experience securing mortgages for people with LTD companies…
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MSE News: Mortgage rates are at historic lows - save £1,000s a year
Remortgage rates (where you switch mortgage to save) are rock-bottom. Everyone check now of you can save ... Read the full story: Mortgage rates are at historic lows - save £1,000s a year Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Nationwide System Glitch
Hi, my broker called today to say that Nationwide have had a system glitch which means my mortgage application has to be re-keyed into their systems and re-assessed. I have already waited a month for a mortgage offer. Will this issue mean that I have to wait another few weeks or so for their final decision? Not sure if…
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Mortgage Further Advance - When are funds released?
I had an extension built a couple of years ago, funded via an Further Advance from my mortgage supplied (Woolwich). One issue I hit was that they would not release the funds until the extension was built and that they had inspected it. Because of some administrative slip ups (on their behalf), I was quite late paying the…
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Move house with Debt
Good Afternoon, I wonder if anyone can offer me some advice. I had 15k worth of debt which I have now reduced to 10k by paying them off with all the spare cash I have left at the end of the month. We are looking to move next month and after using various mortgage calculators we would be looking to borrow around 20k less…
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Fixed Rate
Afternoon Everybody... I bought my first home December 2011 and entered into a 5 year fixed rate with Cumberland Building Society of around 4.3% (I have all the paperwork at home). Seen as I have fixed for 5 years, does that mean I can't switch to anybody? I've seen the rates have dropped alot and even at Cumberland they…
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Am I getting bad advice?
I have a question about mortgage applications, and more specifically about the hurdles underwriters put in place. It's a rather long-winded question, so my apologies for that in advance. I need to set some background. Three years ago my wife's business failed. We spent too much time and effort trying to prop it up and…
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I'm 40, she's 28: joint or single mortgage?
Hello, I will graduate as a nurse in September and my starting salary will be £21,500 on a permanent NHS contract. My wife is currently on a fixed contract in the private sector until April 2016 and earns £20,000 per year. It is likely this will become a permanent contract from then on. We do not have joint savings but I…
