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First time buyer - eligibilty advice needed
Since graduating university I have lived with my parents rent-free while working in a minimum wage job and attempting to build up a self-employed business. I have been seriously saving for a deposit towards a house for over a year and intend to start looking at houses from April 2018 with hope of being moved in by this…
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My son - first mortgage
Three years ago I moved home and took my son with me to my new husbands home in the country. My son hated the location so he lived half at my house and half as the guest of his girlfriends's mother. My son (23 Yrs old) has suffered the fate of many youngsters and gone from part time to casual to 0 hours contracts since he…
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Overpayments vs Early Redemption Charge?
Hi, I'm currently on a 5-year fixed mortgage deal, but are likely to be needing to end the mortgage in the next 6-12 months (and paying the associated redemption charge). In this situation is it generally better to overpay the mortgage, or keep the money aside for the redemption charge? I'm thinking that overpayments would…
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Concessionary purchase and Land Registry records
Question 1: Do Santander allow concessionary purchases? If so, is there a % limit they use for the concessionary element (e.g. 5%/10%/other)? Question 2: On the Land Registry title, is the "Price Stated" field the actual cash exchanged hands (ie excluding the concessionary purchase amount - if any) or is it the notional…
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Precise mortgage application FTB
Really nervous! We applied for a mortgage with NatWest and despite the branch manager promising all would be OK we were gutted when we got declined. Our MA has applied at precise today and was wondering if anyone knew how long this would take? We don't have bad credit as such no ccjs or defaults just gone over our…
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Do Virgin Money re-search prior to completion?
Hi all I have a mortgage offer from Virgin Monday which is valid for another 6 weeks, i.e. approved full application. Hoping for completion in the next 2 -3 weeks, does anyone know if Virgin re-search or anything before hand. My credit rating / score hasn't changed and I'm in a better financial position than when I applied…
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Remortgage after Marriage SDLT
Hi, I purchased my house in 2012 before I got married and have had a couple of fixed rate mortgage since moving in with Halifax as they've always given me a good rate. The current deal is due to run out in 2018 so will require moving to a new deal. However I have recently got married, my now wife has lived with me for…
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Private mortgage and RTB
Hi, I got RTB on 3 bed maisonette in Hackney. To get a mortgage (400k) would be a struggle but I have rich people in my circles. Can I do private mortgage? I expect they would expect to have the property as the bond if I fail to pay back the money. Is that possible with RTB property?
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Getting a remortgage at age 69 until age 78
If I am to pay off my mortgage of some £55000 by the age of 75 I will need to pay some £800 per month starting from May 2019 when I will need to remortgage. Although doable I would prefer to try and extend my mortgage to age 78 thus giving myself 3 extra years to pay it off at some £560 per month which would be more…
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Friends Life Endowment Maturing This Month *UPDATE
Hi I have an endowment maturing this month. It was called a Homebuyer Plus Plan. I have had a letter saying no further premiums required after 25th September 2017. So I assume I can cash it from that date? Also it says the amount will depend what date I cash it in..so when should I cash it in? The target amount was…
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carrying forward mortgage while between move
Hi I'm selling my home and planning to move into rental until I find a new home. I was going to pay off my mortgage and sell. My lender tells me I may be able to carry my mortgage on after I've sold my home and while I am renting and then transfer my mortgage to my new home when I find one. I am asking for this in writing.…
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Offset, or fixed & save?
Hi all. Been a long time since I posted on here, and was just looking for some advice from the numbers experts that lurk on here! My current fixed rate deal (arranged in 2015 at 3.29% - ugh!) expires in January, and I've been looking at potential lenders. Working my figures, I will owe £95,000 come January, on a home value…
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Legal help re.title deeds
I'm not sure if I need a lawyer re title deeds etc. My husband passed away and my daughter now stays with me. Our house is completely paid and the title deeds are in my name. We are thinking of adding a small extension for her and she will pay for it as I am a pensioner. She will get the money she has invested when I die…
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Credit Check before Completion
Hello there, Mortgage agreed with Halifax, completion of our new build later next month (new build). My mortgage advisor has said he's never known Halifax to credit check before completion (just the normal credit checks for AIP and mortgage offer which we've received). Has anyone ever noticed this happening? We're not…
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Mortgage Interest payments
Hello. Could someone please tell me what the mortgage monthly Interest repayment would be if my monthly payment was 300 on a mortgage of 86000 over 35years at 2.39%? I don't have my mortgage paperwork to hand and I can't seem to find a calculator that gives a monthly interest amount. Regards
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Mortgage / Defaults
Hello, First time buyer here. Self employed for many years, with chartered accounts. The only problem is I have 2 unsettled Capital One defaults - £600 (03/14) & £300 (06/15). (I had an argument with Capital One, took the higher ground and dug my heels in, which was clearly stupid looking back!) Anyway, do I need to settle…
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How will this work?
We currently have our house on the market for 425,000. The house we would like to buy we are hoping to get for 300,000. It needs around 100,000 spent on it. Our current 5 year fixed is up late November and we will have an outstanding balance of just under 100,000. We are hoping to move in December. Financially what would…
