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Endowment maturing advice
My 25 year endowment policy ends on 26 December. All premiums paid over that period. I paid off my mortgage years ago but kept it going for both the life cover and nest egg at end of term. Imagine my surprise when Aviva sent me a letter confirming my last premium was paid and that the cash in valus was £26k yet the value…
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Parents gifting a deposit that THEY borrowed
Hi everyone, I have question that I don’t seem to be able to get a definitive answer for. I’ve seen a house I like, sale price is £116000. I have a 10% deposit (£11600), and nationwide have said they can lend me £101000, so this leaves me just £3400 short. I’ve spoken to mum and she said she would be happy to take a loan…
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Completion date changed
Hi! So we are first time buyers for a brand new house. We were told that the house is gonna be ready in oktober then were told its gonna be ready in november. Now on the 16th of november we received a letter from our solicitor that completion date is 15th of december. 9 days before moving we received a letter saying it is…
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12 month contract - will I get a mortgage?
Hi, I'm on a 12 month contract at work which I have just started. Will I still be able to get a mortgage? I'll be buying a flat with my other half so won't be doing it alone but we need both salaries for us to buy? Tom
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bank of ireland recent tracker increase
I have a long standing tracker mortgage, now with Bank of Ireland, Originally fixed at bank base rate + 1.49%. As the base rate went down, at a certain point the mortgage company unilaterally paused the interest rate at 4.74% while bank rate continued to fall. Now that the bank rate has at last risen, within days Bank of…
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Looking for My Next Property
Hi everyone I can't really find any solid information on the net so I was hoping someone could point me in the right direction here. In the next year I am looking at my options for selling up. I will be getting married in the new year and I want to sell my flat, which is in my name only, and look at buying a house with my…
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Barclays time between Valuation and Offer and Valuation Question
We are using L&C broker, full application was done on Monday and we had offer in principle that (late) afternoon. The mortgage valuation (included in set up fee so only standard one) is being done on Monday? Does anyone know roughly how long it takes between the valuation and getting an offer? They've already had ID docs,…
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Guarantor and First time buyer status
I am currently a first time buyer as I have never owned a property. I have been asked to be a guarantor for a family member to allow them to purchase a house. If I decide to become a guarantor and help my family will that affect my first time buyer status? I definitely want to maintain the status as I am looking to…
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Sue mortgage company
What are my chances of successfully suing my mortgage company for excessive delays? I have been trying to exit a bridging loan via a buy to let mortgage. It took 2 months for the mortgage company to eventually make a decision (declined!) which has cost me over £7000 in interest. Not to mention broker & valuation fees. I…
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2 year or 5 year fixed
I know there is no magic ball and totally my decision but just wondering what people think to options I have been offered from my broker. 2 year fixed @ 2.74% or 5 year fixed @ 3.69% This is best for me as no fees etc Thanks in advance!!!
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Declined by Aldermore
Hi, I really need some help, I feel like my plans are falling around my ears. I got a mortgage in principal in early October and so moved forward with the sale of my house and looking for a new one. We have invested a lot of money into this as we currently own a shared ownership and we are trying a new build. We have just…
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Is this an expected time frame?
Full application went in on 10th Nov. Documents requested and sent in within a couple of days after that. Valuation fee paid and valuation done within 10 days. All ok with valuation (thankfully this time-we had a huge downvaluation last time and had to pull out of the purchase). Nothing at all since then. According to…
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Mortgage Application Submitted- Credit Card Statements
Hello! Been a while since I posted, Exciting news, offer accepted on a property and mortgage application submitted. However I've got a quick question, I have a credit card that I use for work expenses/my own fuel. The card is payed off in full every month. However looking at my credit report it never shows the card as 0.…
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Transfer mortgage to another person
Hi, Due to recent financial issues and debts being repaired back to creditors on small amounts from advice from step change can we transfer the mortgage and house to someone else without exchanging monies?
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Can you get a mortgage with a heart condition?
Hello My youngest daughter has been diagnosed with an atrial flutter, plus I am currently being checked to see if I have a genetic heart condition called Hypertrophic Cardiomyopathy. If I am found to have it, the hospital have told me my children need to be checked out too. I am obviously concerned for their health but…
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Arrears Notices on Land Registry Docs
My FIL is in process of trying to sell his flat. He has a buyer and they are going through the motions with solicitors. However, it has now emerged that a notice has been placed on the property by the Council for historic a Council Taxes owed. Therefore this needs settling before further progression. This amount is a huge…
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Incorrect data held
Hi all, Just in process of remortgaging with Bank of Ireland. When I spoke to them first a few weeks ago whilst going through security it came to light they had my incorrect date of birth. They checked the system and had no ID for me. Then today whilst discussing my options they also had the incorrect NI number for me.…
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Credit Card Balances whilst waiting to complete
Just after a bit of advice from anyone who may have been in the same position. We're FTB, and do have a bit of CC Debt which was declared on the application (all 0%) but I also have a card which I use for groceries and clear each month - this wasn't on the application as it's never running a large balance - I just prefer…
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Help to buy - exchange to completion
I am using Help To Buy for a new build. The CML forms have been sent to the lender for approval a week ago. Tomorrow we have the meeting with solicitors to sign documents. Anyone know how long it takes to get Authority to Exchage? And then what's the shortest time between exchange and completion with Help to Buy?…
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How long does it take from mortgage offer to completed?
We are buying a new build and have until 18th December to exchange & complete. We are FTB so not in a chain. Nationwide are being slow and we should have out mortgage offer anyday. If worst case we dont get it until Friday late afternoon the solictors wont get it until Monday, can it all be completed/exchanged in 6 working…
