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New loan with impending mortgage application
Hi, Quick question ....we are applying for our mortgage in January as this is when we will have our deposit. We have a loan with Zopa 15% over 2 years (6000 left to pay) I took it out over a 2 year period with payments around 340 each month. I do over pay each month to a total of 400. The loan is due to be paid by May…
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Newbie post mortgage/ endowment assistance
Hi, my endowment has finished in September and is linked to our mortgage. The bank are saying the policy is not assigned to them but refuse to send a no interest letter to the endowment company and the endowment company cannot release funds until they have this letter. Halifax have now opened a complaint and their rules…
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Gifted equity deposit - SDLT 1 form
We are buying my grandparents house with the deposit being in the form of gifted equity. Should the sale be declared on a SDLT 1 form as the ‘sale value’ with the gifted equity on top or should it be declared as the ‘sale value’ minus the gifted equity? If it makes any difference, the figures are; House valued at 118k…
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Gifted deposit loan question
Hi. Just a quick question please I am hoping to buy a house with my partner, My brother and mum have both taken out a loan to help with the deposit needed . They are willing to fill in the form that its a gift and not a loan and they have no interest financially in the house. The broker wants all the details of the gifters…
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Remortgage: reduce LTV for lower rate, or save the money?
Hello I'm a bit confused and would appreciate your thoughts... At the end of the year my fixed rate mortgage deal comes to an end. I am going to transfer to a new 2 year fix with the same lender (no fees). My options are: Overpay £6.5K to bring my LTV below 60% and therefore get a rate of 1.54% Or simply transfer my…
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Barclays taking house off 76yr old with Dementia, as Interest Only Mortgage has expired
My mum has had a mortgage for 45 years. It represents 17% of it's value. They don't want to continue it, once it reached the end of it's term, even after agreeing to continue it in May of this year. We only get to know a repossession court date is due on 30th of this month, 10 days ago. Barclays know she was staying with…
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short term interest free mortgage question
Hello. We have 'inherited ' a house. It's in very poor condition as the owner did lots of half jobs - bit like a shell with a builder's yard inside. Proper mess. But it does have potential to do up and sell as a good house. Reckon 25k needs to be spent. So it has a mortgage which the tenant stopped paying so is in arrears.…
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Funds for extension
Hello I’m keen to do a fairly big extension/refurb to my house. Cost of the extension is 300k and I need to borrow 100k. I am lucky enough to be mortgage free and the house is worth 550k in its current condition. When I look around for personal loans they all seem to be smaller (25k) than I need. How do I arrange the funds?
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Bad Credit - Good Mortgage obtained
Before I applied for my Mortgage with my partner I was going through hundreds of threads trying to work out my chances of being able to obtain a mortgage, stressing out due to our not so perfect credit history past. I thought I would update so anyone who is in a similar boat to us can have some hope! My partner and I put a…
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Delay in remortgage due to solicitor
I am doing a remortgage and although the mortgage offer was issued well ahead and I signed, filled and sent all documents to the bank's solicitors in time, the completion happens 11 days after my previous mortgage deal expired. As a result, I have to overpay around £400 (the difference between the standard interest rate…
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Divorce and mortgage
Hello In hoping someone may be able to help me track down what I did 8 years ago! I'm currently getting divorced and my soon to be ex is insisting that my family home be included in the marital pot. The family home was in my name and the names of my father and my sister. However when we were looking to buy our first home…
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Buying Half A house (relative)
Hi all My step dad is 62 and is considering selling his house but has enquired about me buying half instead. It’s valued at £425k How would this work? His mortgage is approx £80k remaining. Can it be done?
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Full Mortgage Retention
Hi, Applied for mortgage, all paperwork in, back and forth etc, valuation was booked for Monday. Received valuation report today with the following; "We recommend a full retention from the advance pending satisfactory Structural Engineer Report." The Surveyor seemed to have noticed structural movement on the flank wall…
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Few mortgage questions
That time ago to renew our existing 1.99% 2 year fixed deal. I just wondered if someone would offer a few words of wisdom. 1) we desperately need the rendering on our house replacing estimates have come in between 5-8K based on type or render used, would it be wise to add this on the mortgage or take a personal loan?. 2)…
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Halifax Mortgage credit search
I've applied through broker for a Halifax remortgage and just seen ive had 10 searches on credit file by Halifax. Some are sole and other joint searches (joint mortgage with wife)...is that amount of searches normal as it seems an awful lot. Majority were yesterday and single today. Was informed earlier today we have the…
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Gifting mortgage deposit to son living in US
Hi Can anyone help. We want to give our son a deposit for a mortgage for a home in the US. He needs a 20% deposit which will take FOREVER for him to save up. Are there any tax implications if we send money overseas for this purpose? Can anyone help with any advice? Thanks in advance
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Please Advise
Hi All I'm a first time buyer. Went to Santander 2 months ago and they said I could borrow up to 175k based on my income ( even though first direct or nationwide said could get me more at that time ) I thought that's enough for a 2 bed flat. ready to put 10% deposit. Got the first one , put in an offer , got accepted but…
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Help... underwriter hell 😞
Hello everyone. New to this page We are in the process of trying to buy our first home. It's a shared ownership property. We registered our interest at the end of August offering a 5% deposit. The housing association accepted us and so we started the process. Everything has been going fine until now. On Friday last week,…
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Chances of a mortgage
Hi all, Been reading forums a while, and now have a few questions to see if i can qualify for a mortgage with payments a month. Mrs & I have about 8k saved up and we are looking for property 120-140k. Combined salaries 44K 1 default satisfied due to drop of Jan 2019 myself Cc balance 2k no missed payments Mrs has no missed…
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Trapped and can’t move on!
Hi, my partner and I are really in need of some help and advice. I’ll try and keep a long story brief. Both my partner and I have previously been married and at the time of writing are still legally married but instigating divorce proceeding with our respective ex partners. I have sold my marital home and my ex wife and I…
