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right to buy mortgage
Need abit of advice please, we tried to get a mortgage back in oct 2012 which was declined due to me having outstanding debts on my file (no ccjs but defaults) I paid all this debts off last april after an insurance payout, and we are now looking at trying again, unfortunately the house has risen by 50k since last…
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Advise please
Can my husband get a mortgage in his name without my credit affecting the mortgage. I have been told that if we separate all out finances, i.e. get separate bank accounts and put his name on all the bills, then my credit wont be visible. is this correct. We are thinking of moving in with his parents for 12 months to save a…
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Advise needed urgently
Hi I Have recently finished paying off my mortgage with Barclays, the mortgage had a reserve account running alongside which I have used over the years, nowhere in any paperwork did it state that the reserve account had to be paid in full on the maturity of my mortgage. I thought once the mortgage was paid I had plenty of…
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Mortgage broker
I went to see a mortgage broker as we have seen a house we want but i am in new employment and still in my probation period for another 4 months. So we decided to go with a broker. just wondering what are the average fees for a broker he said about £900 for him. and also how long does it take for them to find something, we…
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Affordability on mortgage
Maybe just looking for some reassurance. I have £120k deposit/equity (after my sale goes through) and am looking to buy house for £220k. Salary is only £21500. I had AIP from HSBC for £102k so though all was fine but after being grilled by HSBC mortgage advisor on phone and perhaps not being as prepared as could have been…
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Self Employed First Time Buy to Let Morgage.... Phew! 30k Deposit
Hello, I'm 22 and want to get on the property ladder, I want to buy a 100k property I have 30k to put as a deposit and I would have to get a mortgage for the rest. I want to buy to let the property to get additional income. However... I'm self employed and my income varies month on month and because of my age I don't have…
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Mum's Mortgage
Hello - a bit of advice sought for my mother. When my parents retired in 2000 they moved house and took out a mortgage with the Halifax for the difference between the old house and the new. It's was one of those interest only deals where the equity never gets paid off and goes back to the Halifax on disposal - designed for…
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Is getting below 60% LTV the magic number for better remortgage deals?
I rang Halifax and current estimated value of flat is £94126 - this is not of course the true value but just the Halifax estimate. Current outstanding mortgage is £61755 so LTV ratio is 65.6%. I am currently on SVR rate of 3.99% which is £314/month. I am keen to enter onto a fixed rate before interest rates go up. To get…
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Nationwide Mortgage Admin fee
Hi, I requested my Mortgage redemption from Nationwide. I have received secure message today with redemption amount which is current mortgage bal + ERP calculated at 2%. It does not mention anything relating to Administration charge of £65. Nationwide tariff of charges says:- Charged when you repay your main mortgage in…
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CC available balance
I am looking to port my mortgage and apply for a topup which passes the affordability tests if my credit card is no more than x amount as 3% of the balance is taken into account as a monthly commitment. This is no problem and today paid off the sum required in the hope this will be updated on my credit file in the next…
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Adverse credit mortgage
Hope someone can offer some advice please :) I have a mortgage with Halifax with an ex partner who left nearly 6 years ago and hasnt paid any contributions and doesnt want any equity or financial settlement from me. I am now remarried and am trying to re-mortgage with my husband instead of ex partner. The upshot is that I…
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Remortgage - worth paying 1% ERC?
I just want to check my calculations, make sure I'm not missing something obvious. We have £95000 outstanding on an 18 year mortgage, currently fixed for 1 more year at 4.5%, with a 1% ERC if we move within this year. We pay £672 per month. It looks like I could remortgage onto a fee-free 1.79% fixed for 2 years, which…
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Environmental Search Issue
HI I wonder if somebody could help. We have had environmental searches sent back to us by our solicitor. In the environmental search there is a comment saying "There are recorded landfill sites within 25 metres of the property. The presence of a landfill site may effect the value of the property during certain periods of…
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Advice please - restriction on property title
Hi I purchased my home February 2013. We in process of moving from a mortgage in my sole name with Halifax to another mortgage with Halifax, however we are adding my husband to the mortgage. So now its all with solicitors. It's been with them since February!! He hold up is there is a restriction on the title preventing a…
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Halifax for new build properties and indemnity scheme
Hi all, I am in the process of buying a new builf flat and would like to go with halifax for my mortagage. The new build is not under the NHBC indeminity scheme, but has a Professional Consultants Certificates with a 6 year warranty. Will halifax accpect this? Thanks!
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Critical Illness Cover
I currently have critical illness cover linked to my small mortgage, but I will be completing on my sale in September and not completing on my new purchase until December which is much larger amount of lending. Is it possible to transfer the policy to the new mortgage? Or will that be more hassle than it's worth and I…
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Mortgage Offer Amount Lower than Expected
Hi We've been made a mortgage offer by the principality that is roughly £6k lower than required. Our mortgage broker has advised us it is unlikely we will get another offer. I don't think we know anyone who would be able to loan us the additional amount. Is there anyway we can raise the additional amount without affecting…
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Date of 1st mortgage payment
hi there, I have a question if anyone can answer for me please? I have just had my mortgage application approved and looking ahead to exchange and completion (hopefully in around 6 weeks, property is vacant & sols already started searches) I am wondering how the 1st payment works and what period it would cover? If I…
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Conveyancing with EA
Hi, We've recently made an offer on a property and it was accepted. Now EA is trying to get us to do conveyancing with them. He said he's preferred us over the other clients during the sale because he felt we'll go with them for mortgaging or conveyancing.. The charges from EA's solicitors are higher than the quotes I've…
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Mortgage Application
Hi, just a quick query before I start attempting any applications. My husband and I own a property outright which we are renovating to move into, the property is in joint names on the deeds. I'd like to take out a small mortgage to finish the renovations in my sole name (as the husbands credit rating is shot due to past…
