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Stamp duty rebate on second property (main residence)
Hello, I am planning on selling my main residence and moving into a rental property, buying a replacement residential property in the future (perhaps 6 to 12 months from now). I also own another property, which I let out. Is there a finite period I am given relief from the additional SDLT for the second property as when I…
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Can't port a portable mortgage?
Hi, I was wondering if anyone has had any experience with this? Our current mortgage was originally with Britannia, and it was technically a variable 'share to buy' rate though we did not actually 'share to buy'. Now, they are the Co-operative, of course. Last year, not realising we would want to move this year, we…
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Mortgage Advice
Hi, I own a flat in London which i've tried to sell but the market conditions aren't ideal at the moment - prices dropping due to a buyers marketl. I bought this property 18 months ago in my own name and renovated it, which in doing so increased the market value. I have circa £185k in equity in the flat, value of circa…
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Natwest mortgage application when overdrawn
Hi, looking for advice/ experiences please! I have a decision in principle with Natwest for a new build help to buy mortgage. Our full application is now with the underwriters and I'm just wondering how likely it is that the mortgage application will be granted. I'm self- employed and currently owed money which is late in…
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Applying for a second mortgage (awaiting removal from current one)
I own a property which I no longer live in - this is currently being lived in by my ex-partner. I have moved to another city and am currently private renting. My name is still on the mortgage and deeds of my former property. There is a considerable amount of equity in this property and my ex partner has agreed to buy me…
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Waiting for a mortgage offer (I hope!!)
Hi everyone. Hope someone can with me a bit of peace of mind. My partner and me saw a house that had been on the market for less than 24 hours. We loved it so we went to see the estate agent first thing next morning. We put the offer in(asking price) and it was accepted. That was 2-3 weeks ago. Since then, we've had 3…
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First time buyers
My partner and I viewed a house that we really liked we had 2 viewings then phoned with an offer and after a bit of coming and going we were verbally told our offer had been accepted and to put it in writing, which we did that day. The next day we were told the sellers were on buisness and would need to wait. Then on the…
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Precise Mortgage, low valuation make a new offer?
Hello, we need help we are going to try to renegotiate the price of the house because the valuation was 18.000£ lower than the offer that we put, means we need to ask again for a mortgage and do all the process again ?? PLEASE HELP.
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Skipton BS lending criteria - previous repossession
Hello all - my first post here, thanks in advance for any advice you can give! I'm in the process of making a mortgage application, I've got my DIP from Skipton BS, and will be calling tomorrow all being well to go through the full application process. My credit file is clean, I have a 10% deposit and a DIP after a hard…
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BTL mortgage audit last for 4 months causing £2000 loss
I got a written BTL mortgage offer from Bank of Ireland on 03/03/2017. I received a letter from the solicitor saying the bank wants to have an audit check on 03/04/2017 and the original completion date was 28/05/2017. Until now(16/07/2017), 6 weeks from the supposed completion date, more than 4 months from the mortgage…
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I need a mortgage - Help!
Hi So I cleared my DMP in October 2016 (fully settled), phew! I've opened a credit repairing card account, which I pay off EVERY month. Problem is, we are trying to buy a place of our own and have now twice been declined a mortgage in principle. We have seen our dream house and I don't know what to do. Advice/help welcomed
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Title, Mortgages and Endowments
Mortgages and Endowments, I had a endowment mortgage years ago, 29 years ago. But do people still get 'endowments'? Perhaps the name of this forum should be 'Mortgages and house buying'? Has everyone already got their compo, for the mis-selling, I never bothered, as it was so long ago.
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Which account should I overpay?
My endowment policy is maturing next month and so I have a lump sum to use against my mortgage. I have two mortgage accounts:* A - Combination Mortgage (part capital repayment, part interest only) * B - Capital Repayment Mortgage The current term remaining is 20 years on everything. I have used an online overpayment…
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Buying house with attached holiday let. Mortgage?
I am looking at a house which has an up and running holiday let with it. It also has a barn which, in the long term, we would want to convert to another let. Our plan was always to sell up and buy outright. But the market here is very flat at the moment (London commuter town) The house we want is £365k. We could put a…
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Thanks for advice - Thoughts on Scottish style bids for England?
Afternoon all Just a note to say thanks to you all that responded with advice as we were going through our mortgage application - really appreciated it. Unfortunately our second buyer as pulled out (1st decided they'd rather move after Christmas much to their cash buyers dismay who had waited 4 months for them to find…
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Paying Off In-Laws Mortgage
My in-laws have an endowment mortgage with a policy that will be in shortfall at the end of the mortgage term. I have some savings that I could use to pay the mortgage off. I do want to get the investment back (plus a little interest) when it comes to selling the property, either if they move to a cheaper property or when…
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Am I a first time buyer?
My husband and I last had a mortgage in 2000 and have been renting ever since. Would a mortgage company class us as First time Buyers again now, or not? Advice much appreciated.
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Mortgage Offer Has Come Through With Wrong Purchase Price
Hi folks, I've had my mortgage offer in the post this morning (hurrah!!) Unfortunately there seems to have been a paperwork mix up and the lenders are offering me a higher amount I requested when I got my offer in priciple. This was supposed to be amended when I put my full application in, but it's not happened. Presumably…
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How old is too old for a mortgage?
My husband and I have been living and working in the Channel Islands since 2000 and haven't owned a UK property at all since that time - we have been renting (if you've seen the prices of the offshore properties, you'd understand why!). I am 57 and my husband is 59. We are both in full time employment and will be working…
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Mortgage Deposit: Use for lower LTV, or clear bank loan?
Hi all, First post on MSE and probably won't be my last, but here goes: I had been discussing a mortgage application for a 40% share on a Shared Ownership property. The share is valued at £72,000, and I have a deposit of £10,800 for 15%. However, I also have a £20,000 bank loan which remains to be paid off, which is at a…
