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Equity Loan - Help?
Hi, I was just wondering, we are participating in the Help to Buy equity share scheme, the thing that worries me is this equity loan debt hanging off us that can only be paid in ridiculous sums of money! Does anyone know whether it will be possible after the 5 years to remortgage and take on this amount (pay off the Gov't…
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More lenient lending?
My friend and his girlfriend have just been accepted for a 95% mortgage even though he had adverse credit from 2 years ago plus a current maxed out credit card. They recieved their offer within 2 weeks, it's all been pretty straight forward. I was surprised as I thought Santander would be extra picky being a high street…
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Let to Buy query
Hello, I know that the regs changed for Let to Buy, or Buy to Let, so my query is this: Current flat worth £450000 or so, owe £112,000. Got AIP for new place £150,000 - so should have around £387500 for new flat. 1. If I could get a 75% Let to Buy mortgage - what would the rental income on current flat need to be? Is it…
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Nationwide BMR Advice, Should I get a fixed deal??
I currently have 20 years left on my Mortgage (was a 30yr term). I currently have about £115,000 left to pay. With the current rate my payment is about £590 at the BMR 2.25%. I am thinking about switching to a fixed deal and having the term changed to 10 years. I have found a deal that would fix at 2.49% for the remaining…
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Can i buy house off girlfriend?
Does anyone know of any laws that wont allow me to buy my girlfriends house
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Fixed rates - why have banks rates not dropped since BOE base rate drop?
I'm just about to remortage. As we are going for a 5 year @ 70% LTV I wanted to wait it out to hear if the BOE rate drops. It has... great! But the banks aren't lowering their fixed rates!!! My HSBC mortgage offer only lasts untill the 29th of this month (at a rate 0.1% below what is currently being offered and so I don't…
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Can parent take out a loan, and gift me deposit for mortgage?
Hi all As mentioned in the title really. If dad takes out a loan to pay for my mortgage deposit. Is that OK? He is gifting me the deposit so her understands that he can't ask for it back ..etc ..etc He owns two houses and also works, so he is very happy to pay back the loan in 5 years (or whatever the term). Any help would…
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Whistletree rates
Has anyone received a letter regarding the svr rate changing. I just went on the website to get the phone number as I needed to query something else, and it now states the svr rate is changing as from the 1st September.( when the interest rate was first announced, they stated that they weren't going to change the svr…
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Shared appreciation mortgage
Hello, This might not be the correct place for this post so if its needs moving let me know. a few days ago i learnt of shared appreciation mortgage from reading the news. There seems to be a lot of people who say they are victims and this type of mortgage is a scandal. From what i have read you could take one of these out…
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Declaring mortgage income help!
Hi there, I have recently purchased a little flat that I have rented out (I still live at home, my plan is to move in a few years time after the majority of the mortgage is paid off). My job is mainly commission so I was unable to get a mortgage. My Dad helped out and basically extended his mortgage and I pay him the exact…
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95% Mortgage on a New Build Northern Ireland
Hi, I was wondering if anyone had had luck obtaining a 95% mortgage on a new build property in Northern Ireland? The shared equity scheme available in England doesn't apply here, so although we can apply via Help to Buy using our ISAs, and we are technically able to borrow up to £160000, we are struggling to find a lender…
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NRAM/Whistletree/Landmark problems
I am 2 days away from moving day and solicitor has hit a brick wall with the redemption discharge, my mortgage was meant to have been transferred from NRAM to Whistletree but the solicitor has now found that it’s been moved to a company called Landmark by mistake. This has caused issues with the land registry. All looked…
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Use a mortgage adviser or go it alone?
Ok so my mortgage is up in a few months and in the past I have always used an adviser. Being a little older now and maybe (not 100%) wiser I was thinking of trying to find my own. Are there any pitfalls I really need to look out for? I feel like using an adviser is good in one way but will they not go with the deals that…
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Equity loan percentages
Hello Does anyone know if the equity loan percentages are fixed? I know that the maximum is 20% however could you have a 5% equity loan? Or is there a minimum? Thankyou
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Help required
I was hoping someone could offer a few suggestions on my options to end the ongoing nightmare of selling my property! I am planning to move in with my girlfriend and we both have our properties on the market with the intention of buying a larger property between us. My property was bought for 109k in 2011, I placed a…
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New illustration ?
I rang to check progress of my application today and was told the valuation has been agreed but now they need my broker to write me a new illustration. What does this mean ? Broker not back in office until next week so I just wanted to ask on here to gain a deeper insight. Thanks
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Mortgage & divorce - here's a conundrum for you all
Hi all, Me and my partner currently have a sticky conundrum to deal with and nobody seems to be able to give us any sound advice, other than "Get a lawyer". Anyway, I'll explain the situation and let's see what you think! My partner was married to her now ex husband and they had a house in Wales. They have a mortgage and a…
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Mortgage offer
My mortgage application went in via an independent adviser last Wednesday. The lender instructed a surveyor on Thursday (They are going to the property this Friday), and i received an Equifax notification showing that they'd done a credit check on Friday. Today adviser says they have all the documents that they need and…
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Shared ownership mortgage
Hello Does anyone know of mortgage companies that will do mortgages for a shared ownership? I feel like I am being ripped off. When Moat housing association awarded me my shared ownership contract I was forced to use a mortgage broker (and pay £300) to be told that I have a choice of one mortgage company!! The deal that I…
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Bank of Scotland SVR
Hi Unfortunately I am a mortgage prisoner on an SVR with Bank of Scotland. Does anybody know why the BoS haven't yet passed on the BBR cut of 0.25%, as most other lenders seem to have done? I know they don't have to but I thought the Governor of the BOE made it pretty clear that he expected banks to do so.... Many thanks
