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Flying freehold
Hi all from a long time lurker. I was directed here from the buying, renting and selling forum, so apologies for the cross-post. My partner and I are looking at purchasing a house with a flying freehold and it sounds a bit unusual to me so I'm after some opinions/advice. The house is Edwardian. It was split into two semis…
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Buyer's Mortgage Delay
My buyers mortgage valuation took place on 13th July and she still has not had a mortgage offer through. Has anyone else experienced this sort of delay? I don't know which mortgage provider she has gone to. She is also a FTB. I'm getting concerned that this is all going to fall through 😕
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Leasehold: Buildings insurance before exchange?
Hi, I am selling a leasehold property, the buyer's mortgage company (Nationwide) wants the buyer to be noted on the buildings insurance prior to exchange or will not release funds. However, our freeholder arranges the insurance and is point blank refusing to do this on the grounds that the buyer has no interest in the…
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Can Mortgage rates increase before the offer is made
After a pretty mad week, we're just about across the finish line and are getting a mortgage offer by Friday. I just wondered, with the rates looking set to increase, could Santander increase the rate in which we applied at? We got a five year fixed at 3.99%. Just a bit curious really, cheers for any replies!
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What would you do?
I'm in the process of applying for a mortgage with my husband, not sure what our chances are so heres the deal... we are currently renting a flat from parents and looking to sell up, potentially giving us 68k equity for deposit snd moving costs ( half of it is being given to us) i already have a mortgage on a 1bed flat,…
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Mortgage & Historical Defaults
Good afternoon, I am just looking for some advice and opinions on my current situation. My partner and I are hoping to purchase our own property in the not so distant future. However, I am not expecting that it will be very easy for us (me) to find a mortgage provider. I have been trying to read as much information as…
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Late Payment Markers
Hi there. Are there any more-or-less-general rules about late payment markers and their impact on mortgage applications? I've got it into my head that it's better for them to be over 24 months old?? We have, between us, about 3/4 isolated late markers that are 2-3 years old, and then a few that are about 5 years old. Our…
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Low Mortgage offer
Hi All, We applied for a mortgage through a broker who has recommended the Yorkshire building society. They came back with an offer of 40k less than we need. The broker rang us again to double check our figures and he still comes up with the original amount we need. He is currently chasing the building society up, they…
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Removing ex partner from mortgage without going through a new mortgage application?
Hello, Please bear with me as I'm new to this so not sure if I'm writing this in the correct place!? Anyway, I could really do with some help / advice from anyone with knowledge or previous experience of the situation I am in..... 8 years ago me and my then partner bought a house.... I'd had a house previously on my own…
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Mortgage payment calculator results - question
Hi, Hope someone can help - I am sure I am just being dumb and there is a simple answer to this. If I use a mortgage payment calculator and enter in the amount left on my our current mortgage, the number of years left and the current interest rate, the payment figure is around £50 less than I am actually paying. Why would…
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Buying 2 properties in one house
I am looking at a property where the house is split in to 2 flat each with 50% of the freehold. I want to buy the entire property for myself to live there. It is currently tenanted on a shorthold agreement with 6 months left to run. There is only 69 years left on the leasehold, but buying both properties would get the…
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Endowment Delay
Hello there I was hoping for some advice or impressions as I'm very worried about the situation with our 25 year endowment policy, which just matured. It was originally taken out with Norwich Union but over the course of the policy we now find ourselves with Aviva. The policy matured a week ago last Monday and a week prior…
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applying for mortgage with nationwide while on maternity leave
Feeling very stressed. my maternity leave finishes on Sunday and i go back to work full time with same annual wage. during my maternity leave we found a house and applied for mortgage with nationwide through a mortgage broker. mortgage broker said the documents needed would be 3 months wage slips and bank statements as…
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Any chance of a high street lender?
Hello we have a low income but highish deposit and unfortunately my wife has a small mobile phone default. Me: 19k income Wife: 6.5k base + 1k OT Deposit: 25k saved + 10k gifted + money to cover fees. House price: 160k Looking to borrow: 125k Default: £90. 2.5 years old. Settled 1.5 years ago. Have we got any chance of…
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Advice on getting mortgage
my sister is 25yo and now is a single parent. she has about £10,000 for a deposit on a house but doesnt know what steps to take 1st. she is currently on maternity leave but is looking to go back to work after christmas. she is only on a basic wage and picks up around £1200 a month. she doesnt have any debts but would any…
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Sole Proprieter Restriction
A few years ago I purchased a house with my wife. The conveyancing solicitor suggested a deed of trust to protect my wife as she was not being named on the mortgage. Fast forward a few years and it is time to remortgage. The new mortgage provider is now refusing to make a mortgage offer because there is a "Restriction on…
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Halifax contact indemnity insurer after valluation
Hi all, Last week Halifax approved the valuation for the property I am looking to buy. The property is a new build which no one has lived in previously. I thought I would get a formal offer after this point. However, now halifax want the indeminty insurer to fill out a form even though we have supplied them with the…
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A chance in (Hello I'm new)?
I'm sure that I'm not the first to ask this kind of question but I hope you'll forgive me, I'd like to find out what other people would do in my situation - please be completely honest. So I'm 30, married, currently renting in London, my income is about 25k and my wife (37yrs) is trying to get a new business going so no…
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Buy To Let help needed......
Myself and my partner are looking to buy my parents apartment as they are moving into rented accommodation themselves but also want to free up some equity for them to enjoy there retirement. We have a ready made tenant which is also a family member. We understand that most lenders require a 25% deposit so that it is a 75%…
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Seller pulled out!
The seller of the property we were purchasing decided to no longer wanted to sell the house to us on the day we were supposed to exchange!! He will be going through another estate agent who have said they can sell the house for more money (I guess we will see it zoopla in the next few days). Is there anyway we can recover…
