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Mortgage question, problem property?
Hi all, I am new here and just looking for some advice, if anyone can help. My wife and I are looking at homes and have found one in the area we like, it is in our price range however one the estate agents description it states 'it should be noted that the property is of a steel construction ‘Cruden’ and lending may be…
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How long to keep a gift not to be considered as deposit gift
Hi, pardon my ignorance but can you tell how long does a gift need to be in my bank account not to be considered a gift anymore, but my money instead? My parents want to give me £8k because they sold some land, but it's not a deposit gift. They're just giving me and my sister the money. If I was to buy a property tomorrow…
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Please Help: Property Ownership and Mortgage
Hi All Hope you can help me please. Does a mortgage have to be in the same names as the name on the property ownership and deeds? Trying to find out information on behalf of a friend as i'm not 100% sure. Many thanks for any info anyone can provide for me
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Right to buy
I have obtained the right to buy my home from the local authority, I have 45% discount due to the length of time I've rented. I applied for a mortgage with a LTV of 85% with the extra funds to make home improvements. The mortgage lender told me to obtain quotes for the work. I have done this and now the mortgage lender had…
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Any benefit to remortgaging with current lender?
Hi All, I'm about to remortgage after coming to the end of my current 2 year deal. I just wondered if there's any benefit to sticking with my current lender (Coventry), even if slightly cheaper rates are available elsewhere? Basically, will the application process be the same as if I went elsewhere, or should it be…
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sales agreement different to my mortgage figures?
Hello, I am after a little bit of help or direction regarding my mortgage :-) In 2007 we purchased a new build property and put down a 3% deposit and thought that this was how our mortgage was set up to pay this back. I have recently looked at our agreement for sale as I was looking for something else to do with the house…
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Any advice welcome - trying to move house
Hi everyone, I'm new to the forum and in need of some advice (its a bit long winded sorry!) Here is the situation at the moment : We purchased a property in 2007 for £95,000. We have decided to move for numerous reasons – the house is too small, it’s in a location we don’t want to be in anymore, there are no decent schools…
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mortgage help??
hi my mam took out a mortgage in 2001 with a company with my dad on the household we are living in at the time there were 4 people in the household. mine and my dads name are the same the only difference is i have a middle name and my dad does not! i have had a look on my credit report and its got me financially linked…
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Mortage offers and gazumping
Lets say you have a mortgage approved for a house worth £100K with a mortgage of £70K and a deposit of £30K. In order to fend off a gazumping attempt, you increase your offer to £110K. You're in the fortunate position where you can simply increase your deposit to do this, rather than needing additional borrowing. Do you…
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How long does balance take to update?
Just curious really: Our first mortgage payment came out today, its from a Halifax account and the mortgage is also with Halifax. I had a look on my online banking today and the payment has gone from the current account but the mortgage balance is still the same as it was. Does it take a few days for the balance to go…
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What I need to provide for mortgage advisor?
Just looking for some help with what I need to provide to the mortgage advisor and when I should contact them? I'm brand new to this stuff, and have seen a new build home that I'm interested in buying but don't know what the first steps would be regarding how the mortgage advisor works and if I need to provide them with a…
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Re Morgage for Barn conversion
Hi, I'm currently looking at borrowing short term 2-3 years for a barn to dwelling project, I currently have a property worth approx. £350k with just £50k left to pay, I am currently battling my way through planning and red tape but the consultants think its likely I will get approval within the next few months. The…
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Requesting short term interest only deal?
Just curious but could anyone please advise with approaching our current lender,Santander to go on to a short term interest only deal? Not sure if it's a product still available, but anyone with experience with this through Santander? Thanks as usual F
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Temp contract mortgage help please!!
I'm currently trying to get an AIP and have been given conflicting advice and as a consequence i am a bit confused! I work in media. My job dictates that over the course of a year i will have numerous short term contracts and as a consequence i do sometimes have period when i'm not working and therefore gaps on my…
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Anyone waiting for mortgage offer?
Me and my partner have just submitted our mortgage application :) , A few funnies we may have to deal with. Her credit rating was hit slightly by taking a cc/2x current accounts/mobile 4 months ago and isn't on the electoral roll. Inquired with the underwriters they said it's OK. Also had what appears to be significant…
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Choosing a broker
Looking to engage a broker in the coming weeks but have no idea where to begin. When we bought our first property it was New build and we used the builder's recommended mortgage advisor company. 1. Do all whole of market brokers have access to the same deals? 2. Are all "independant" mortgage advisers / brokers whole of…
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mortgage application submitted
Hi, my application was submitted through a mortgage broker on friday afternoon. He said i would have an update middle of this week(which i had took to be today)but have emailed him and heard nothing. How quickly should the mortgage broker hear back? the application is with Halifax. Im hoping no news is good news,mortgage…
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H2B Mortgage Options
Hi! We are first time buyers and are currently comparing mortgage rates to ensure we get the best deal possible. When checking the comparison websites it doesn't give you the choice of 'Help to Buy'. It only asks whether you are a first time buyer or not. Can I assume that all first time buyer mortgages will accept Help to…
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Help to buy remortgage
Hello, My HTB 2 year mortgage deal is coming to an end. I'm about to start looking around for a remortgage. Just a heads up, can I remortgage on to any deal, or do I have to use a specific HTB remortgage? Thanks!
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Interest Only Mortgage 95% LTV?
Reselling the property at the end of the term to pay back as the 'plan'. Dreamworld, or possible to get this deal?
