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Urgent advice
Any advice appreciated. Over 13 years ago my house was repossessed & myself & Partner moved into rented property. Last week we received a letter each from old Mortgage company informing us of debt been handed over to a collection agency (who are infamous on this forum with their methods of intimidating behaviour ). Someone…
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Extending mortgage offer
Is this possible? Things are dragging with our house purchase, the mortgage offer with Halifax expires on 31st August. Obviously we are hoping to have everything sorted by then, but in the worse case scenario, can you extend? And what is the process?
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Help to Buy Problem - Can we escape Aldemore?
Hi Our fixed term period has just ended with Aldemore and we hoped we would be able to remortgage with another lender. Unfortunately because we have Help to Buy no other lender will touch us. Are we trapped with Aldemore and their high interest rates forever? Can anyone advise us on how we can escape and move to a high…
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Flat for mum
Hi all, My mum, who is in get 80s has terminal cancer and is currently undergoing treatment which means she is living temporarily with my niece. Treatment is going well, radiotherapy at the minute. Prognosis is good, it cant ever be cured but can be controlled. In the next month or so, mum should be able to live back on…
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Plot buying
Hi, I've recently bought a 1 bedroom flat for £335,000. This was a plot buy and the flat is due to be complete in December/January/February. When it comes to mortgages, obviously since we've agreed £335k, that is the price I'll pay, if it's valued at mortgage time as £350k for example, how will that effect me? Will I be…
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AIP and bank statements
Hi all, first post! So today, we've put down a reservation on a new build property and had an AIP with a mortgage advice company. We have our deposit ready etc. My question is, they've asked for 3 months bank statements. The mortgage advisor is coming out to see us on Thursday. What kind of things will they be looking for…
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Making my first offer - Advice and Guidance Needed!
Hello all Despite owning a 25% share in a shared ownership property - the move to purchasing our own house is the first time in which my wife and I have actively sought a property and will be going through the process of buying a house. Reading the 50 tips article on MSE has been an eye opener - however I still need more…
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Affordability opinions
Hello, Seeking some advice/opinions on our current situation as we genuinely don’t know who to ask! Our solicitor and mortgage adviser don’t seem too forthcoming... We have just sold our first flat and now have around £75k when you add equity and profit together. Add on savings and we have about £140k in total. We have a…
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Buy-to-let with the ability to live in?
Hello there, First time buyer with a query here! I'm looking to mortgage my first property in the coming few months, possibility early next year and I have read online that buy-to-let mortgages are pretty much set in stone, strictly as what they say on the tin... 'buy to let'. I have read the occasional post which states…
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VERY old mortgage debt
Long story but I had a house which was repossessed back in 1998. There was negative equity of approx 25k. In 1999 I made a full and final settlement iffer of £2.5k which was accepted. Fast forward 19 years and I have just received 2 letters: one from Halifax telling me the case has been referred to Moorcroft for recovery…
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Switching Careers
Hi Guys, New to the forum - signed up as I've been doing a fair amount of reading but wanted to specifically ask a question about my own circumstances... Essentially I'm looking at making a career change due to health reasons and a (rather well timed) redundancy. I'm 31 and for the last 6 and a half years I've been in…
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Equity from a shared property.
Hi, I’m looking for some advice and help/guidance please. I own 1/3 of a home which is mortgage free and valued at around £350k. The other 2 owners, my sisters, are not in a position to get a mortgage to buy me out. I am looking to purchase a property with my partner and so am looking at borrowing money against the first…
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Metro Bank Mortgage? Advice?
Hi all, First time poster here so be gentle. I'm a first time buyer and my partner and I have an offer accepted on a house. Now we know where we stand in terms of property price etc. we are relooking at our AIPs and mortgages in general to make sure we get the best deal. We've stumbled upon Metro Bank and I've tried to do…
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First Direct or Santander?
I would like to remortgage to a fixed rate and am deciding between First Direct and Santander. The FD mortgage is a 5 year fix at 1.84% with a £490 fee. The Santander mortgage is a 5 year fix at 1.89% with a £999 fee. This is for a £260,000 mortgage on a house worth circa £450,000, so just inside the 60% LTV bracket. On…
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Discharged Bankrupt
Hi all I was declared bankrupt in July 2012 and discharged from bankruptcy in 2013. So in July this year it will be off my credit report. I am fully aware that I’m still a specialised case and that I have to declare the bankruptcy. My question is, should I go with a broker or straight to the building society? Too much…
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Being a boater and getting a mortgage
Hallo there This may be quite a niche question and I'm not sure if anyone will know the answer but maybe people might find it an interesting problem! Here goes... I am currently a boater, living in London, with no fixed mooring, which means I move every two weeks and have no fixed address, as such. For most purposes eg.…
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Where deposit sits
Probably a stupid question but does it matter where you deposit for your new house sits until it is needed. To give a bit more detail we got the profit money from our house sale last Friday and provided a bank statement showing proof we had the deposit money. However as we have 3 Overdrafts and a large credit card balance…
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Which is cheapest overall?
Hi guys, Could someone better than me with numbers please tell us which are the cheapest 2 and 5 year deals please? 2 year deals. First direct; 2 Year Fixed Repayment - Fee Saver with 60% LTV and interest rate 1.79% £0 fee 2 Year Fixed Repayment - Standard with 60% LTV and interest rate 1.49% £490 fee Barclays; 1.91% 2…
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Remortgage for another house
My house is worth @140k , and mortgage has been all paid off .I want to remortgage to buy another property(which seems to a particular niche), so despite looking online, i'm not quite sure how remortgage calculations will work in this instance Obvs i have 140k in equity-so does this all count as a "deposit" to another…
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CCJ and first time buyer
Hi all, I'm looking to buy a house next year, I'm 25 and my partner is 35. He's never owned a house and unfortunately has two CCJs that he repays monthly (originally I think they were both over £1000 if this affects the advice sought) but currently one sits at £912 and the other at £836. He currently only pays a very small…
