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DIP referred - Good or bad sign?
Following on from my original post we saw Nationwide today and decided to apply for a decision in principal. This has been referred.... Now would this generally be declined if we were that bad? Or is the fact we have been referred a good sign? I have a CCJ thats 62 months old so I think by ticking that box it was…
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Advice on mortgage and deeds following relationship breakdown
Long story short, split up with my ex 9 years ago and he has paid nothing towards the mortgage since and wants nothing to do with the house. Had a EA valuation Feb 15 for 90K and a Remortgage valuation this week for 77K - Owe approx. 84K - Mortgage is with NRAM (Together loan) I have since remarried but my husband has bad…
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Survey Done Help Please
Hi everyone, I have just had the report from the survey which was instructed by the lender. In section 9 the following statement has been written: "elements of the property are ageing and likely to require attention" no other information is stated. After searching the internet, it seems that this is a generic statement?…
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Offset vs Fixed
Hi all, Just wondering what the thoughts are at the moment on a variable offset mortgage Vs a 2 year fixed? The 2yr fixed is 1.79% with £110 fees - penalties if you leave The offset is 1.85% with £1200 fees - no penalties if you leave I have about 9k in savings at the mo, but I always overpay my mortgage by anywhere from…
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Advice needed
Hi all I'm hoping to remortgage to a better rate (currently on 4.54% variable) and have a couple of questions. I've seen a few fixed rate mortgages for under 2% and I'd like to fix for at least 2 years. I've also seen some good Tracker deals but I've never had a tracker mortgage and I'm a bit worried about interest rates…
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Surrender of endowment
I am in the fortunate position that whilst my endowment with Scottish Widows overall is not returning the amount covered by the life assurance attached to it, I have claimed under mis-sold endowment and received a tidy sum back. However, my question is as follows: I track the performance of the fund on an irregular basis…
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Is this normal?
We had a surveyor out yesterday but our broker has asked us for proof of bonuses from 2 years? We have only been in our jobs 1 and a half years, we dont have proof of every month , and if i get it sent out it will delay the whole thing as that would take atleast a week.and proof of address from a few years ago which unsure…
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DIP through to full application - debt query
Hi all, I've been a long time lurker and massively appreciate all the help and support you all give each other so I was looking for a little information myself! sorry in advance for the long post. A bit of background: Own a house that's currently up for sale - will break even or possibly make around £2k equity. The new…
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Could rejected mortgages be for this reason?
Hi Guys, We have just discovered that we have been telling mortgage providers that we have a joint loan, when in fact it is only in my name! We only found this out after viewing my husbands experian report and realised that the loan wasn't on there! Halifax have confirmed that they have put it in my name only which was a…
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Eon
Just bought my 1st property and found old owner ued EON. Can I use someone else or does it require it to be them?
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Can anyone recommend me a Broker? - Leicestershire
Hi, We are looking for an initial chat with a mortgage broker. Ideally this would be face to face. (and free for the first little chat) Can someone recommend a broker in the Leicestershire area? I'm having trouble finding someone local. When we are actually in position to apply for the mortgage does the broker have to be…
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Deal for less than 24 months?
Hi. Our fixed rate mortgage deal has just ended and we have been put on a higher rate of 3.99. With 16 months left on the mortgage I can't seem to find anyone who offers a deal of less than 24 months. Do we just have to suck up the extra cost for 16 months? I have thought of everything I can from a personal loan to taking…
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Yorkshire Bank Remortgage Rip Off
Hello. 6/7 years ago my mortgage deal was coming to an end so I arranged a new deal with Yorkshire bank. After agreeing the deal over the phone I was sent mortgage proposal paperwork which I signed and returned. Six times the deal was pulled and I was told the interest rate I had initially applied for was no longer…
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Can I buy mum's house for less than sale value?
Hi all, for the sake of simplicity, I'll use easy figures to ask my question: My mum bought her house for £100,000 and has paid £50,000 towards it so far, so £50,000 left to pay. She now wants to move out with her partner and get a new property with him. She is happy for me to take over the remainder of the house so that…
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financial advice
Hi, this is my first post and am hoping someone can help me... I currently have an 86k mortgage remaining on my one bedroom apartment which my partner and I let as a holiday letting. The letting does well and approximately generates 22k a year. My partner and I rent a 3 bedroom house for £900 per month and the rent is due…
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Help to Buy: Equity Loan Calculations Check
Hi, Can someone please confirm if my calculations below are correct. House Value £160k 20% HTB 32k 75% mortgage 120k 5% deposit 8k In the lenders eyes is the affordability ratio worked out from the total house value (160k in this example) or the borrowed amount of 120k? i.e if salary = 30k am i borrowing 5.3x (160k) or 4x…
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Mortgage with childminder fees
Dear All, First time poster desperate for help/advice/empathy! My wife and I have one child and one on the way. We currently live in a small flat in SW London and need to move into something bigger over the next 18 months or so. At present if we sell our flat we will have around £250,000 to use as a deposit on the next…
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Buying a house with girlfriend, ways to protect deposit?
Hi, I am looking at purchasing my first house with my girlfriend and as we are quite sensible in our thoughts we wan't to consider any situations that might occur and therefore protect our own interests. We're looking at buying a house where I will provide the deposit but we will split the mortgage payments 50/50. We…
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First Time Buyer and the conveyancing has been a nightmare
I'm a first time buyer and had an offer accepted on a flat in April. Everything was smooth at first until I found out that it had been a shared ownership property in the past and this is where the problems started. Only half the title deeds were ever registered and getting that sorted has been a nightmare. The orginal firm…
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Leasehold Extension Costs
Have filled in the online calculator and it suggests that it would cost 4-6k to extend our lease. Have found this on the leaseholder advisory service. Below they quote how much it may be: In considering the likely total cost you should also bear in mind the leaseholder's liability for the landlord's costs. The eventual…
