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Receiving mortgage arrears letters for someone else
I moved into my new home in March, and last week I received a letter from The Woolwich addressed to the former tenant. The tenant vacated the property a year before I moved in. The letter states that the the tenant (who was renting this property) is behind on their mortgage payments and a 'Field Agent' has been instructed…
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Mortgage acceptance timescale.
We have made an offer on a house and waiting for it to be accepted hopefully but i have a few questions im not sure on as we are first time buyers. the home owners haven't even seen a house yet they want which is fine with us as the longer the better, we have dug into our home furnishing money to put down on the deposit as…
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changing mortgage borrowing after approval
Hi All I am in a situation right now, i am very close to exchanging contract say 10 days.. I have mortgage approved for 80%ltv I now think i should have gone for 85% ltv, i know its stupid but all my calculations have missed the mark a little. I know am at fault but same time i dnt wanna be pennyless after the deal. Can…
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Mortgage Vs Savings
We are in a very lucky position not to have a mortgage or our current property and have sold it for 118k. The houses we are looking to move to cost between 150-180k We have savings of about 15k My husband is disabled and only works part time, earning less than 10k. I have a full time job, but a low wage - just less than…
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Mortgage Retention - how does it work?
Hi, My mortgage company has placed a retention on my mortgage offer due to damp issues found at the property I am looking to purchase It's not a large amount (around £1500 to get it all sorted). But I am a bit confused as to how this works. The way I understand it is, I would need to find £1500 to make up the shortfall…
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NatWest Mortgage
Hello, I'm having an awful time with NatWest. My and my husband put an application through in March and we are still waiting for it to be finalised. There have been many holdups due to them not putting information on their system or simply dragging their heels. Our mortgage advisor has occasionally spent half an hour or…
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how much /over how long could we borrow ?
Hi - were wanting to move after a long time in our house. Were unsure what we could borrow as my husband is approaching retirement. I'm 38 and earn £55k and he's 58 and earns £45k. We have about £220k - £230 k equity (depeding on what we sell our house for) we want to buy for around the £380k mark. So would be looking to…
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mortgage - gift from family
Hi, I am in process to remortgage my current property as BTL to release equity and use equity and my savings to buy a residential property close to my new office. If my current property valuation comes out lower then what could be my options....? Could I use money from family and friend as a gift towards stamp duty,…
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Fixed rate mortgage, am I trapped
Hi I took out a fixed rate mortgage deal 7 years ago that was fixed for 10 years at 6%. On it there was a 5 year early repayment charge. I am in around 5k negative equity. Just dropping to the standard variable rate would save me a few £££s. Does anyone know will the mortgage lender drop you to the standard variable rate…
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Howvto ensure my mortgage is managed effectively
Having previously had a business go bust and all that that means, 10 years ago I took out a mortgage with GMAC which is a Libor linked product. Generally all payments have been made on time (2 exceptions I can think of) but I am concerned that the repayment level is low ie after 10 years of a 25 year period I have only…
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Mortgage help - Worth applying to Aldermore?
Thanks for the help
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Update on mortgage application
If we want an update on a mortgage application, found by a broker from a company called RSC and the mortgage application submitted to Halifax. Can we contact halifax direct for updates etc or is it best to go through the broker?
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Chances to get mortgage -income + extras (advice please)
Hiya folks, I'm on this page from years however just signed & this is my first post so if any of you have knowledge related to current experience please write a few words. Can you tell me if I've got any chances for mortgage in circumstances below: - single mother of 1 school age girl (separated after 11 years of…
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BTL Mortgage comparison sites?
Are there any comparison web sites that do this for BTL mortgages?
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gifted deposit lender wanting insurance??
Hi i was after a bit of help. We have a mortgage offer and my parents are gifting £14,000 for a deposit. Looking at the terms and conditions it says that we might have to take an insurance policy to protect lender because its gifted from parents. My mum filled in paper work stating they are gifting it and do not want…
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Can I pay off mortgage near end of fixed rate?
Hi I'm very fortunate in that I should be in a position to pay off my mortgage shortly. I took out a 20 year mortgage with a two year fixed rate. What I'm not sure about is can I pay it off at the end of the two years without penalty or does it mean I have to pay a penalty if I pay it off before the 20 years? Is it normal…
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Yorkshire BS: Own valuation+survey or theirs?
We're in the process of applying for a mortgage online with Yorkshire Building Society. Wading through the long questionnaire, they ask at the end if we want to instruct them to value/inspect the property or use our own. Presumably if we choose to do our own survey and valuation we must do this before applying? Even if we…
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The Melton Building Society
Anyone had any dealings with them - they seem to be doing the best 3 year deal at the moment for me, 3 year tracker @1.5% with no up front fees 65% LTV. Not sure whether to go with a tracker or fixed, I know the only way for the BOE interest rate is to go up - but it aint gonna happen this year and maybe not next as it…
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Buying New House - Mortgage Advice
Please help!!!!! I applied for a mortgage on Friday following the agreement to purchase a new property. I had a mortgage agreed with Santander a couple of months ago so I just made the call to go ahead. However My financial adviser called me to advise that my mortgage application had been rejected due to issues on my…
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Non UK, Non-EU student. Chances of mortgage?
Hello! I've been stalking the forum for some time now and have been trying to read up as much as I can about mortgages for foreign nationals, however, I can't seem to find an answer to my situation as I wish to purchase a buy-to-let in the UK. 1) I'm a non-uk, non-eu national. 2) I will be holding a tier 4 student visa as…
