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Endowment / Deed of assignment problem
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Barclays Reserve
I have a Woolwich Open Plan mortgage which I took out in Feb 2002. I have currently used almost all of the Reserve and therefore quite close to the limit (I have about 3% remaining).. I have received a letter from Barclays telling me that I have been close to the Reserve limit for the past 12 months and that I need to call…
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Remortgage with HSBC - Rate of Interest
Hi, Looking for some help in understanding interest rate calculation. I am currently going through remortgage with HSBC for our property, current valuation carried out by bank and came at £310,000. The outstanding balance on existing mortgage is £251,500. This brings loan to value to around 81%. Looking to secure fixed…
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Valuation booked-does this mean mortgage approved?
Nationwide have booked the valuation of the house we are buying. Does this mean they have reviewed our documents and we were approved, subject to an ok valuation? I've emailed our broker to ask last night, no response yet.
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Cancelling a mortgage offer - implications
Hi I had a remortgage offer with the bank accepted a couple of months ago - we only have a small mortgage left - £30k Since then a few things have happened and we’ve managed to raise the cash (unintentionally) - share save, bonuses and a few loans we handed out and we are just thinking of paying the whole lot off Any…
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Mortgage electoral roll and credit ADVICE REQUIRED
Hi, Advice needed please, I have sold my home which is likely to be completed in May, however a new build property I want is not going to be ready until Oct. Part of the deal with the new build is they wanted to see my property sold, before I could do an early bird and secure the plot I want, I've done this. I have decided…
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Help to buy mortgage or traditional mortgage?
Hi everyone. I have a dilemma and hoping you can help! I have put an offer on a property, got the mortgage sorted and soliciters are getting on. However, a few weeks ago I had a phone call from the estate agent saying the sellers wanted to take the property off the market. I then had another phone call the next day saying…
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Buying my first home ( confused )
Hi I was wondering could somebody help me out here. I recently went to a bank to see on how much I could borrow for a mortgage and i was offered up to 60k which is slightly lower than I expected. My mum is going to give me 20k as a deposit ( gift ) but I am still falling short due to 3 bedroom houses being over 85k…
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mortgage lawyer fees scotland
hi looking for some advice, can anyone give me an idea or how to find out how much lawyer fees are in scotland if we were buying a property at £58850? thanks in advance
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Do lenders scrutinise statements line by line?
Just that really-how much scrutinising is done in bank statements when applying for a mortgage? Had to give 6 months statements for our mortgage application. Was hoping it'd be 3 months. We have been aggressively attacking our debt and put it to zero, so our statements look a bit crazy. Totally not representative of us…
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Soft search previous address
Hi all, just a quick query. Will a soft search by a lender show any adverse credit from previous addresses? If missed payments occured at the previous address would they show even if they were within the last 3 years with the previous address under a year ago? More of a reassurance lost really. Its the only thing that…
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How Useful are Help to Buy/Lifetime ISAs if ...
Hi all - apologies for any misconceptions here but: How Useful are Help to Buy/Lifetime ISAs if I intend to buy within the next few months? We have £40,000 saved in regular ISAs and unfortunately had overlooked these. Many thanks
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What do do??
Current situation living with parents but not in a rush to move out, i have around 55k in various accounts and i have a buy to let mortgage that matures 31st of this of month i currently owe 33k on my BTL mortgage, would it be wise to just pay the mortgage off in full and then just keep saving for my own property in the…
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2yr v 5yr fixed
Hello, Our initial 2 year fixed mortgage product is coming to an end and our mortgage provider is offering the following, without any fees; 2.19% fixed for 2 years 2.73% fixed for 5 years Our initial interest rate was 2.74% over the first two years but we had zero product fee, free valuation and £750 cashback. Difference…
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Helping my brother buy a house – my options??
I’m new to the world of mortgages, so I am looking for some general advice/ideas. Here is the situation. My brother is a single parent with two children. He works part-time but due to his level of income and having two dependants, there is little chance of him securing a decent mortgage. But he is currently paying rent of…
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Offset Mortgage Problems
Hi, This is my first time posting here so i hope Im doing ti right! I'm in the process of (finally) trying to get both my business and personal finances in order. I'm really bad with money and have what I call 'ostrich syndrome' - the clue's in the name! So my questions centre around my Woolwich (now part of Barclays)…
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Information required about taking a mortgage
Hello, I am wondering if you guys can help me I'm posting this for my parents. My mum is about 50 and her partner is in his 30s. We have had a mortgage before for over 20 years but we moved out of the old house we were in and had to go into rented accommodation due to a new request for a mortgage been denied off the bank.…
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Remortgage vs homeowner/secured loan?
Hi all, So I currently live in a house with zero outstanding mortgage but would like to raise some money to do some work to the house. It's worth around 200k and I would like to raise around 50k. It would be a joint application, we currently don't have high income (around 25k combined) which I've checked is enough to…
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Use of Mortgage money
Hi to all. I hope the following question is posted in the right forum - I own a house (well, I own 60 % and am mortgaged for the rest of it). It's only my name on the title and I live alone without dependants. My dilemma is as follows - Recently I applied for and got extra borrowing, effectively a second mortgage. That…
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Do I Need to See and Independent Advisor?
Hi all I am in a position to make an offer for a house. I have an agreement in principle with HSBC (came out on top with the the MSE tool) but wondered what is the best way to find the best rate for me? My friend has recommended an independent mortgage advisor. How do I ensure I find the best rate for me? Many thanks
