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RTB property restriction to sell
Hi I need some advice please.. We purchased our property 4 years ago through RTB and it has come to light very recently, there is a restriction to sell for 10 years. It was my understanding that the restriction was only against the discount which was 5 years and that if we were to sell the property within 10 years, it…
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Buying during separation and keeping existing home
Any advice about getting buying a property after separation? Can I keep my existing house and purchase a shared ownership property. This would leave my partner and kids in our existing house and I would get a relatively cheap priced place to live.
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Re Mortgage advice
Friend has asked me about this, he knows less than me about mortgages, but I don't know the answer to this one. He has a rental property which is on the SVR with consent to lease (his old house) and he's tired of paying 4% or thereabouts. He has enough equity in his current property to release enough to clear the rental…
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Help!! Lenders pausing at exchange
We are first time buyers at the point of exchange having sent deposit and signed contracts. We were expecting to hear all was ok last week, instead on Friday my solicitors called saying that the lenders (santander) were unaware our deposit was gifted. Despite this being mentioned initially to them and told no problems and…
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Can I get a mortgage on a part share of parent’s property?
I'm looking for your views on this idea and if it!!!8217;s the sort of thing you could get a mortgage for. Obviously it's complex but I will attempt to simplify (believe it or not!). My parents will states that their estate is divided in a 3 way equal share to me and my 2 sisters.The estate is basically the property, so if…
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Buying second home as Main Residence
Hi all, My SO and I are getting married and are thinking about buying our first house to live in next year and we are looking for some advice. We currently rent a flat, but I also own a property in a different part of the country that is currently rented out that was gifted to me two years ago (mortgage free). I understand…
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Mortgage for covertion hmo to residential
I would like to buy a house that is formerly an HMO and want to convert it back to a single dwelling, residential. However I’ve been told I wouldn’t be able to get a mortgage on it due to it being layed out as an HMO...... what can I do?
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How much can we borrow? - Agreement in Principle?
Hello, Me and my fiancee are looking to buy a house around the end of the year. We have used the online calculators offered by numerous websites, including banks, and receive information that we can borrow more than we require. Actually we require around 290k, but these websites (including Nationwide/Barclays) say we could…
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What is the definition total salary/income in relation to a mortgage?
What is the definition total income/salary in relation to a mortgage and the figure I should imput into caculators or on mortgage websites? Currently my salary is made up of the following: * Base salary * London allowance/weighting * Car allowanace * Bonus Both the London allowance and car allowance are contractual and…
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Buying uncles share in house.
I've posted about my housing issues in the past, so I'll just briefly summarize the situation. I co own a house with two others, my dad and uncle. I need to remortgage in April (2019) as we're currently on a part interest/part repayment mortgage Uncle moved out 5-6 years ago, leaving us with 5k of mortgage arrears and…
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How best to prepare for mortgage application, especially post bank tarting?
These past few months, I've taken advantage of several bank switching deals, which has added complexity to my financials, and obviously lowered my average account age. I hear the hard searches go off the credit report after a year, so it shouldn't be a problem from that point of view, but I'm wondering about average age of…
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Mortgage overpayment - reduce term?
Greetings from South West, new forum user here. Everywhere I look, I see repeated like mantra - always reduce term when overpaying. Does it always apply? Or perhaps it depends on specifics of one's mortgage? Can I ask someone to provide math/numbers backing their opinion? Just as example. I did contact lender asking for…
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Partner new self employed job during mortgage application ... What to do?
So myself and my partner are trying to buy a house, retracted our offer on one house bcos of survey. We have been approved by a lender and paid admin fee and valuation fee, they said they can carry over when we find next house. In the meantime my partner got offered a job that he is very excited about, and he has accepted…
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Buy to Let - Worth it For Me?
Hello I'm new to the site, and I'm seeking advice on being a landlord, which I feel I've no choice but to do. I'm 43 and a late bloomer in life. I've been too generous with my money over the years, and certainly haven't thought about saving as much as I should have - I've thought more about going out and enjoying myself…
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NatWest Mortgage Anxieties
Hi, There is nothing anyone can do but I’m going to post because it will make me feel less anxious rather than reading loads of stories on here. In a real short time we found a property we really liked close to my wife’s family and we put our current house on the market, our house sold and there was some gazumping, we sold…
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Mortgage promise declined
Hello, I’m looking for some advice and pretty sure I’m in the right place for it :) so I applied with L & C for a remortgage a wee Friday gone - I’ve spoken to two more people since as my original contact is on holiday - the last person I spoke with (last Wednesday) said he had everything and he couldn’t see any reason it…
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Ready for completion - remortgage
We are currently remortgaging in a nutshell transferring equity from my ex husband and mortgaging myself and my partner with some extra equity for home improvements. My ex has appointment to get his if verified so by wed my solicitor will have all the paperwork all signed and done. The guy doing our home improvements is…
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Merge two freehold titles under same mortgage
Hi, I’m struggling to find information online that isn’t about merging leasehold and freehold. We are remortgaging our house and part of the garden is a separate title, but is listed on the main title. Our lender has asked for these to be merged but a solicitor I spoke with advises this can be very difficult and complex.…
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Options after a refurb
I bought a property early last year. For the location and type of property I think we got a more than decent deal on it. It was a bit of a shabby place which helped us secure a good deal at the time. Long story short though, on moving in we had a huge problem with a leak. Anyway, some insurance and legal wrangling, but…
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Paying capital off old mortgage or keeping it for new mortgage?
My mortgage's fixed rate ends in two months. I am trying to sell my house at the minute to buy a bigger one but suspect it might take a while. I have £50k of savings which will go towards my new propety. Is there a way I can pay off some of the oustanding mortgage on my current property without getting tied into a new…
