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Can I use my endowment as part of a remortage
This is the situation,I have an endowment which is not attached to a mortgage , my current mortgage is a repayment and we need look for a better deal to lower monthly payments. Can I use the endowment ( I don't really want to cash in as has only two years left) to offset against new mortgage ? Ie we owe 72000 on current…
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Virgin mortgage offer extension
Hi :-) Just after a bit of info if anyone can help! We are ready to exchange on our sale and purchase but as we are buying a new build and completion won't be until around end of March, our buyers mortgage offer from Virgin will need to be extended before they will commit to exchange. I understand this is because their…
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Buy to let mortgage
My Buy to Let Mortgage Application with Virgin Money was going fine until they heard that the vendor wanted to become my Tenant. Anyone know why this might a problem or how to solve it?
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Mortgage Higher Advance Fee
Hello, Can anybody help? Is a charge referred to in my mortgage statement as "Higher Advance Fee" the same than a PPI? Can as with PPI claim a compensation? Thanks Clara
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Remortgaging dilemma
Hi all, New poster here. I have a dilemma I'm hoping some of you will help me make a decision about. My current mortgage deal expires at the end of this month, and I have been looking at several new deals (with high street lenders) that would lower my monthly payments by around £100 (interest rates of around 3.2%). Sounds…
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agricultural occupancy restrictions and also concessionary purchase
HI, Just a question or some advice I am trying to make a concessionary purchase on a house with an agricultural occupancy restriction for a residential mortgage not a commercial one. I have been informed buy two different "speicalised" farm brokers that there are only two lenders that will agree to this. I have found out…
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Mortgages for temporary workers
Good evening everybody! Hopefully someone will be able to offer me some advice. So my situation is that I've been in the same line of work for the past 5 years not the same job but the same line of work and I've been with my present employer for 10 months will be 12 months in April I have just recently received my second…
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Buy to let and HMO's
Hi All, Hoping someone can help me. I'm looking into buying a 2nd home (to move into myself) with 2 current lodgers and then let my current house out on a room by room basis to pay off a new mortgage by itself and earn an income on top. Details. Current house: Value £240,000 with £106,000 left on mortgage over 29 years (3…
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Virgin Money Survey
Hi Today I got my mortgage offer through from Virgin :) However they didn't send the valuation survey, yet they stated: The valuation report recommends that repairs/improvements are carried out.You are advised to obtain reports and/or estimates in respect of these works prior to making a commitment to purchase. Is this…
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Renewing mortgage offer
We had a valuation and mortgage offer with Halifax in September -our existing lender. Due to all the messing around regarding a completion date we have still not exchanged and the offer is expiring this month. I ended up changing jobs, which I had to, so I told the the mortgage person who did our offer at Halifax. They…
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Agreement in principle referred, how likely to be approved?
Hey, Myself and my partner are looking at buying our first property, it's through a shared ownership scheme where we own 75% of the property and a company owns the other 25%. You have to go through a broker and there are only certain companies available to lend on the scheme. Our application has gone through to nationwide.…
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Bank Loyalty?
I've started saving towards a house and have set a target of 18-24 months to save for a big enough deposit. I've noticed however that if I change to first direct they offer £150 for switching and I can then open a savings account offering 6% with them. I have however been with Halifax for over 13 years. If I am to switch…
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Slow seller solicitor/Mortgage offer about to expire
Hi, Just want to know where we stand with this and if there is any scope for recourse to compensation in our situation. My partner and I had an offer accepted on a house back in September (2015), and applied for a mortgage with Halifax. Throughout the mortgage application process Halifax made a number of mistakes that…
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First time buyer recovering from debt
Im into the final year of my scottish trust deed after getting on top of trying to sort my debts out after burying head in sand. Im getting married in June and looking within the nxt year to possible buy for first time, im 30 yrs old, i dont know if i would even get a mortgage until my credit improves, my wife to be has…
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Mis-sold Second Mortgage
Hello, I'm very new here, this is my first post, and hope it's in the correct place. I'll try to keep it brief. I have recently tried to claim against FirstPlus for the mis-selling of a second mortgage I took out with them in Oct. 2005. I went through the Financial Ombudsman, who were very good, but it turns out they can't…
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Mortgage valuation disclosed
I am buying my first home and had a mortgage valuation done today and got an email from the estate agent saying.. "The surveyor has carried out the survey. We know him very well. He said the valuation for £580k is all ok and well worth it.Especially as I told him we had another offer of £590k !" This concerns me for a…
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My ex has been declared bankrupt
Hi I have a joint mortgage with my ex-girlfriend who moved out 3 years ago. Whilst I paid her off, she failed to take her name off the mortgage. The court case has dragged since then and I have recently received a letter from Official Receiver saying that she has been declared bankrupt. I spoke to the Official Receiver and…
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Finance to buy a home at age 73
Hi, My mother is 73. Has £85k cash from property sale, £1300 net pension per month. The question is, can she buy a property for £135k with some sort of finance to find the missing £50k? Many thanks for any advice on this....
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Halifax product transfer
Me and husband are about to come to the end of our two year fixed rate. We cannot afford to switch to another lender due to the high costs involved. Halifax do a fairly straightforward product transfer so I hear. Has anyone done a product transfer with Halifax, if so do they delve into your credit history?. Mine isn't…
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Mortgage options final mortgage
Coming to the end of 3yr fixed term in couple of months, will have a a balance of around £100k on £375k property. Want I ideally want to do is greatly reduce the term of the new mortgage and find a final 2 or 3 yr fixed mortgage with the same term. Gonna be a borrow of around £50-60k as looking to pay a chunk off. Is this…
