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Selling your garden when you have a mortgage
Hello, wondered if someone can provide me with some advice. We are looking at buying a house that needs serious renovations. The end of the garden has planning permission for a 3 bed detached house. So we thought great we can sell the land which will pay for the refurbishments. We will need a mortgage to buy the house and…
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Equity Release
I keep reading and seeing on TV adverts with regard to Equity Release.Each adverts states you will always own your own home.Is it possible to lose it all?Surely you can only raise a certain percentage of it and keep the rest in your name.Should it not say you will always own part of your property even after you pay back…
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what to do in 5 years regarding help to buy/mortgage
hi peeps our 1st mortgage starts in september this year on a new build, we used the help to buy scheme as that was our only option at the time. house was £240000 help to buy was 48000 halifax mortgage was £180000 deposit was £12000 we fixed for 5 years @ £700 per month which we can afford without issue. so what do we do in…
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Undertaking and survey report for tree felling
I have been asked to provide undertaking that a tree will be felled once mortgage has been completed. I have also been asked to provide the following from the structural engineer in relation to a survey report: "the case can proceed subject to the engineer offering Professional Indemnity Insurance to the lender, i.e they…
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Thoughts on full application
Hi we are moving house and require a mortgage of 243000, from our house sale we will be clearing lots of the the 0% interest free cards that we used for upgrading the house, upon the sale We have a buyer on our house all ready to go and have excepted the offer Bank accounts. Barclays joint account closed this week. Tesco…
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Do banks check with employers if you are relocating?
We are looking to relocate. I want to use my current salary so that we can get a small mortgage. We have about 270k deposit and need to borrow about 50-60k Obviously, I do not want my current employers to find out and am anxious as to whether the bank will check on employment details as I am moving 60 miles away. My dh is…
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Can you get a mortgage on a house built in 1860's
Hi Just a quick question we need answering. We have just had an offer accepted on a house. It was built in the 1860's. We recently pulled out of buying a different property due to seller not responding. We are ahead in our purchase so lucky to find a house we can rent before we buy. The only question we have in the back of…
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One or two mortgages ?
Hi My two sons have a joint mortgage on a flat which they both live in. One of them is looking to move out and buy a house with his girlfriend. He is thinking of selling his half of flat to his brother who will then take on the whole mortgage on the flat and continue living there. Can anyone think of any problems doing…
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How long underwriters with Halifax
Hi guys .. I applied for additional borrowing last Tuesday afternoon with the MA at Halifax, she sent the documents straight to the underwriters that night. I received a phone call on Thursday to say that they had received but it was in a que ... Anyone have any ideas how long it normally takes ? I was thinking about…
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First Time Buyer Mortgage Questions
Hi all, I've read quite a few things on the forum but this is my first time posting. Quick intro, we are two first time buyers with salaries of 20k and 30k and one good, one average credit score and have had an offer accepted on a property worth £185k, we're going in with a 10% deposit. The offer was accepted about two…
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Right to buy mortgage broker
I know Its not a particularly popular subject with some members on this forum and I do understand why. But I would really appreciate if somebody could recommend a good mortgage broker based in the West Midlands to help with my right to buy. I have gone through all the steps with the council and have been given energy…
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Help to Buy - which credit reference agency?
I am considering using the HTB 20% equity loan scheme; looking through the paperwork, part of the process is completing a property information form (this must be signed by both the buyer and the developer building the house prior to a mortgage application with a bank). If all goes well, a successful application generates…
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Mortgage for second property
Hi All Just after some opinions/ experience on whether there any options available to us to buy a second property, and whether it's feasible or not. My ambition is to one day buy a house with some land and set up a small holding. I have seen a property that fits the bill, but requires renovation (I believe it is in…
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Ex Partner With Late Payment On Credit File
Hi All I have split up with my ex partner for 6 years now and I have got a mortgage with my ex partner but she doesn't want to sell the property and she says that its not a option as it's 50/50 joint mortgage so we are renting it out. She has made a few late payments on the mortgage and is showing up on my credit file and…
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Agreement in principle
So I've seen with some lenders they do a full "hard" credit check when applying for an AIP (Nationwide) Where as others specifically say "soft" credit check like Natwest and Lloyds etc..so if it is a soft check could i do an AIP with all those soft check lenders without it effecting my credit score?
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Kensington mortgages nightmare and illogical approach
I've read before that Kensington are probably one of the worst lenders for making numerous requests and prolonging applications. Here is a timeline breakdown for me: 3 March - full application submitted 12 April - offer received 26 April - they decide that we need a specialist survey as one of the conditions - in relation…
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Please help. Advice re. mortgage, new house, etc
Dear Money saving experts, I trust this is the best place to get varied and valuable current advice. Please help - I'm getting stressed trying to figure out what to do or how to do this. Family of 4 (husband, myself and 2 little boys). We outgrew current house, due to second little fella.. Situation below; Husband: £39k…
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Mortgage offer incorrect...can we still sign?
Hi, all our details are correct but they've put the property is freehold and its a leasehold... i told our broker that its leasehold with 721 years left. However, the valuation report has freehold and i'm assuming the mortgage company has copied that as we had a home buyers survey independently which stated its leasehold.…
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Giving my property to my daughter
Apologies if this has been previously covered (I'm a new member) but a search did not bring up my exact situation, and neither does a search engine. I own a flat that I bought six years ago for my daughter to live in. It is worth around 250,000. There is a small 'interest-only' mortgage, of 62,000, in my name only. My…
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Financial help please. 1st time buyer
Hi. My partner and I are soon to be buying our 1st property. We are currently busy sorting out our finances ensuring everything is upto date. Both our credit scores are good. My credit utilisation is currently around 60%. I have a littlewoids account that I want to pay off and close but I am unsure whether this would…
