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Endowment Vs Building Society
My endownment policy I took out to cover my first mortgage matured last month. Out of interest I did a spreadsheet with average building society savings account interest from swanlowpark.co.uk/savingsinterestannual.jsp I assumed interest was calculated monthly and added on 1st Jan each year. Endowment matured at 25799,…
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Get lender to do survey?
I have the option of asking the lender to upgrade their valuation to a survey, is this a bad idea? I'm thinking if they find too many niggling faults they will tell the lender who will reduce their mortgage offer to suit. Also, I'm sure the brokers on here are tired of having their fees questioned, but does £700 seem to be…
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FTB Looking for a mortgage. Confusing
Hi all, Me and my partner are looking to move out of our privately rented property next year. We have been saving for a while a deposit and have 10-12% saved up now of houses around the price range we have been looking at (100k - 120k) but are going to try hard for an end of year push for saving up any more we can. We've…
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HSBC Mortgage Process
Hi all, We're first time buyers and had our offer accepted about five weeks ago. We then applied for a mortgage with HSBC via a broker. I'm now concerned at how long the mortgage process appears to be taking and don't think the broker is being particularly helpful or effective. A few weeks back the broker led me to believe…
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Valuation done, offer received now pulled for audit??
Hi all. We have had an offer accepted on our first family home, had agreement in principle, valuation completed all ok, had an offer through the post the next day from the lender and three days later the mortgage has been put on hold and pulled for audit. Why would they offer the mortgage and then pull it for audit?? Very…
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Remortgaging to get cash for new bathroom?
Hello, I was wondering if anyone can advise me if it's possible to remortgage at a higher amount to get cash for home improvements. We really need a new bathroom because our present one is leaking into the kitchen and it's because of the way it was originally installed rather than something that can be easily fixed. We…
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Assessing for mortgage with a deposit but low income?
As above how to obtain mortgage as single applicant low income? I have had a look at shared ownership which at first I was completely against but after reading up the main issue seems to be problem with resale So really my point is what are the other options, if any? Are there any lenders which would consider any other…
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HSBC mortgage: a lost cause?
I know I am raking up old ground here, but I could not find any recent posts on here about this subject, so forgive me. My husband and I are first-time buyers and have been given an AIP from HSBC - I have been told the reality of this is that it is meaningless - for borrowing £270,000 for a £300,000 property - 90% LTV. We…
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How serious is this?
In a nutshell. My brother and Evil sister-in-law each have a business. He is a freelancer, she has a business offering a service. They want to buy a house but their accounts don't show enough income. So they 'sell' their businesses and someone gives them 'fake' pay checks / payslips. Not sure how they executed this but…
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There must be a way to buy before selling?
Hello. First ever post here, eeek! Several questions if I may... We want to buy a house which we've agreed a price of £600k for. Our current property is on the market for £365k, and we have an outstanding mortgage of £60k. If we can get a buyer we also have a DIP with Nationwide for new mortgage of about £320k. Together…
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Help to buy ISA
Ok, I live with wife in a house owned by her and her mum - I'm not on the deeds but we're looking to move. To get the house we want we most likely will be selling. I've never owned a property but if we were to both apply for a mortgage would I still be eligible for the help to buy ISA? Also, if I was to put in £10k in…
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BTL question
My current BTL capital repayment mortgage fixed term ends 31st december, was thinking about taking out an interest only product next time. From experience which would you suggest is the best for BTL capital repayment vs interest only. Cheers
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House sale monies
Myself and my ex-husband completed the sale of our house yesterday and the solicitors have paid the wrong monies to each other after having a signed a completion statement etc ? Luckily for us, it is an amicable arrangement and we are sorting out between ourselves but I wondered how we stood legally with this matter…
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Special Conditions
Hi All, Got a full mortgage offer from Nationwide this afternoon but it has an unexpected special condition on it. Seems to be suggesting that the offer is on condition that we sell our existing home (which we now let). This is very strange as throughout the process they have always known we are keeping the second flat as…
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Halifax BTL 120% LTV
Hi all, I'm looking for some advice on switching my current mortgage to BTL as we are looking at buying a new property and need to generate the deposit. I had my current property valued by 3 estate agents about 9 months ago for £100k - £110k and I have a mortgage for roughly £63k. The property we are interested in is…
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Is there a chance?
Hi all, Thank you in advance for even starting to read what feels like my novel. The house which my husband and I rent expires in August 2016 and by then I would like to have secured a mortgage and in preparation we have managed to pay off at credit card debt and now overpaying where we can on the loan. It has £5500 left…
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Consent to Let
Hi all - realise there have been various threads on this already and no simple answer. But wanted to get thoughts on my case. We have offer accepted to buy a house, we have a deposit of between 10-15% for residential mortgage. the small problem is we are due to leave the country in 2 months for work. We are going through…
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Spouse Visa 95% LTV
Hi Is it possible to get a 95% LTV mortgage when my husband is on a spouse visa which expires April 2018? Thanks
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Consent to Let
Hello, I am in a tricky mortgage situation for the last 2-3 years. We have leave our house for consent to let and move to a different location due to schooling. I my self now rent a home. We are find really difficult to find a better mortgage deals for our consent to let home. Are there any members who have faced similar…
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Broker - how to find a good one :)
Hi all, This question is aimed mainly at the brokers.. Background - I am a FTB looking to purchase a S/O property with no adverse credit and a MIP (gained by the Housing Assoc’s in house financial vetting team during their application process) They have got the MIP from Leeds BS who’s reviews are terrible (and the rate…
