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Father in law gifting us money for stamp duty & fees
Wondering if someone can offer some advice: My husband, 2 children and I have have recently sold our house, we are now renting a house short term until we find another house to buy. We have the money from house sale in savings, and have cleared all our credit cards. We were originally looking to move 100 miles away from…
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House about to be repossessed.
Hi guys, Just wondering if someone can help me with the below. My mum took out an interest only mortgage some years back. The house has 4 bedrooms, 3 floors and is quite large. Worth at the very least £320k but she bought it for £50k or something way back then. She has around £30k left on the mortgage and this had to be…
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Fees for first time buyer
Hi, I am looking to get a mortgage. With regards to purchasing my first home, fee wise, am I right in saying I need to budget for the following: Mortgage arrangement fees Solicitors fees Land Tax (I stay in Scotland so 2% of anything over £145k - 200k) Valuation (do I pay this) ? Anything else I am missing?
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Mortgage situation following separation
Hello, Apologies if a similar question has been asked/answered previously. My girlfriend and I bought our current property in Reading as first time buyers about 5 years ago. At the time we took out a joint mortgage and with increases in house prices etc the LTV on the house is now about 50%. Unfortunately we have now…
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10 yr fix or not?
Hi, looking for some advise whether no is the right time to fix. Currently on Nationwide Bmr (Base rate plus 2%) so current rate 2.5%, payment 299 but am paying 450 a month (overpaying to reduce capital) and have done since 2013. Property value £92,211 outstanding mortgage £72,675 LTV 78.6% Nationwide are offering a ten…
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brokers in cardiff
Anyone recommend a broker in cardiff area
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FTB, 25% downpayment of £150k, who would be the best lender?
Hi, As title suggest, we can afford £150k down-payment and wish to buy a flat at 600k. One person earns about £70k and another the other one has a limited company and withdraws minimum nontaxable annual salary £40k (actually 10k+30k dividend). I checked with Google Mortgage and kind of weirdly saw that Tesco Bank might…
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Getting a mortgage on bad credit
Hi, I cannot get a mortgage. I earn enough to get one. I do not have a deposit. My mum owns two houses. One that I was part owner of, and another she has on a buy to let mortgage. I took my name off the one house, in a promise for her to give me the house with the buy to let mortgage as a wedding present when I got…
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Planning to apply for mortgage - when to clear stoozing balances?
I'm looking to get a mortgage next spring/summer. I've got a lot of stoozing going on and had vaguely planned to clear it at the start of 2016. I'm starting to wonder if I should sort it sooner. Any thoughts or advice?
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Porting a mortgage
We are buying our first house but we might move in a few years. The mortgage we are applying for can be ported "in relation to an amount no greater than the existing balance". If we move to a property which costs more than the existing balance do we just have to get a completely new mortgage or can we get a new mortgage…
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Question - Being told relative has to be removed from mortgage
Hi, I'm asking this on behalf of a family friend, and I don;t have a lot of details of the actual mortgage agreement yet but wanted to get general opinion on this and see if anyone else has come across anything similar. This lady lives with her elderly father, who is of sound mind etc but not terribly well physically. They…
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Double Mortgage Dilemma
Hi guys, I currently have a (normal residential) mortgage on a property in Southampton that is currently let out (I was working away from home for sometime). Permission was sought and agreed from the mortgage provider. The house was brought in 2006 for £160,000 with a mortgage of £149,000. There is £34,000 outstanding. The…
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Is it possible to self build?
We have a 35% loan to value ratio on our present home of value about £150,000. We would need to buy a plot around £95,000 and then a build for a 4 bedroom Passive house of budget of £100,000. Is it possible to rent our existing home and free up the equity to contribute to the build?
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First time buyer with Which? Mortgage advisiors.
Hello MSE'ers This is my first post and sorry it's quite a long one I wanted to share my tale of woe so far with trying to buy a home. I thought it'd be useful to use a broker because we've never done this before and it'd be nice to have advice and guidance through it all. I decided to use Which? as they have a good…
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"Formal" Mortgage offer
I rang up Nationwide yesterday to get an update and she said that my mortgage had gone through and been passed as at 12.01pm. But I have still not received any confirmation by e-mail or text. I've rang my solicitor and she said she would expect to receive the offer from Nationwide by post. I just wondered what the normal…
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Santander mortgage application process step by step.
Hi currently applying for a mortgage through Santander, does anyone know the step by step process? Our situation we are hoping to buy our rented property from our Landlord. Phoned bank Santander, had initial discussion, was sent forms which we filled in and returned. Then received call from Santander to book a telephone…
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Pre-book mortgage 6 mos ahead?
I have read that some mortgages are pre-bookable up to 6 mos in advance? Keen to lock in a low rate fix if poss for 2 years. Remortgaged 18 mos ago, so due in March. Current rate 2.74% Looking at (currently) £117,000 (13 yrs 7 mos) with current value of property around £375,000. Income £25,000 gross; also lodger income…
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Name Missing From Joint Mortgage
We have had a joint family mortgage for the past 14 years, after a recent death it seems the bank only have details of one person holding the mortgage. No circumstances have changed up until now, and it seems that after a system upgrade of the banks computers in 2013, our names are missing from the mortgage account. Surely…
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Move house into temporary rented
Want to apply for a mortage on a house which won't be empty till January. Our buyers want to complete at the end of Oct so if after we have an offer can we exchange and move into tempory rented accomdation with a new address during the application?
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Should we be panicking? Barclays/Woolwich
(Moved from Housebuying board) Hi all, we're FTB, using Help to Buy (not a new build) Submitted all relevant P60's and payslips etc etc (in branch with mortgage adviser). Barclays valuation done on the 25th Aug. They agreed that the house is worth what we offered. Got a copy of the report - we read through it and it…
