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Mortgage / Limited time offer
Hi all, basically, I was able to negotiate a good deal to buy the house we are currently renting (valued between 230k and 240k) The landlord wanted 240k I was only able to offer 230k anyhow. Basically he has given me a month (16th Oct to 16th Nov) to get my solicitor to wite to him to confirm for the price to stay at 230k…
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Pay off mortgage or save?
Hi all, First time poster, sorry if I've put this in the wrong place/repeated a question 🙈 please be gentle!! I have a chunk of money, £10k, from a previous property sale and I'm trying to work out what's best. I have a mortgage of £76k at 2.14% and a regular savings account (linked to Santander 123, paying 5% annually but…
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Mortgage/lending advice in a minor emergency
I am aware that this is something I will have to speak to a mortgage adviser about but I'm trying to get my head around the possibilities having experienced a bit of a disaster with the sale of my property I am selling my house and buying another to be in the catchment area of a secondary school for my older son. I have to…
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If mortgage lender is doing valuation, can I assume I passed initial credit checks?
Questions in the title. Application is with Santander.
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European court in Strasbourg ruled 'fixed minimum rate mortgages' as miss selling
Barclays sold my mum a 'fixed minimum rate mortgage'. Never goes below 5% but has gone as high as a skyscraper in the last 45 years! European court in Strasbourg ruled similar deals (Clausula Suelo), from Banks including Barclays, as miss selling in Spain & refunds have begun. When are UK victims going to get justice?
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Releasing equity
Hi there, If I have a mortgage on house 1 of 500K and I build a new house 2 somewhere else worth 500K. Can I sell house 1 then move into house 2 but also move the 500K mortgage from house 1 to house 2 and just keep the 500K money from the house 1 sale in the bank? Essentially rather than pay off the mortgage from the sale…
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Battle of the Brokers
I'd like to cover off what my experience has been with two different mortgage brokers. First mortgage broker: Which? Contacted them, filled out a couple of forms, and felt that it was a good time to go house hunting. Found our dream home after viewing 13 properties. Then. Drama. My credit score had been 'Fair' which I felt…
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FTB Fixed Rate
Hi. FTB going to look at my first 3 properties today at ripe old age of 41. AIP with Halifax but thinking I should maybe use broker? Also, thinking of fixing. Broker has recommended 2 year but I'm thinking 5 year at least as I should be in a much better financial position then.
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Fees or No Fees?
Currently with Nat West, our 2 year deal finishes November, new interest rate offered with no fees: 2yrs = 2.69% 5yrs = 2.97% Based on above interest rates, slight increse on our current monthly mortgage payments Looking at comparison websites, lower interest rates offered but with fees. Even with fees and lower interest…
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Mortgage Charge
My remortgage is now being held up as Evolution money have failed to remove the Charge marker on deeds (we took out a small secured loan on house in 2016 and paid in full by April 2017). We assumed this was removed after full and final payment made,discovered couple of weeks back that it had not,contacted Evolution who…
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Share To Buy-Close to exchange then property to be revalued!!!
Hi, So we’re first time buyers (with 3 year old girl) and have 99% of everything set in place to exchange. Current property (renting) is all boxed up just waiting to go now. Council then decides to throw the curveball of curveballs in the mixer yesterday afternoon saying they are about to do an updated valuation of the…
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Mortgage Porting Issues
In July of 2018 I purchased an additional property by remortgaging my main home. The intent was to sell my main home and move into the new property at a later date. I remortgaged my main home because I could get a better deal with my local bank. This was a 5 year fixed rate mortgage where the deal could be ported as long…
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Taking partner off mortgage
Hi A fair few years ago I had some money issues which are now sorted but upon trying to remortgage my home to get an improved rate it has come up that my partner has an outstanding default that should have come off years ago as was settled on our bankruptcy nearly nine years ago which discharged within six months, my…
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Increasing my deposit amount after mortgage application
Hello all Tried searching for an answer to this here and online but no luck. What I want to know is that once you have your mortgage application approved, is the amount the bank will lend you in the mortgage offer the amount you have to take when funds are transferred on completion? For example I have £50k deposit and bank…
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Remortgage on inherited property
Hi, my girlfriend inherited a property (mortgage free) when her grandfather passed away a few years ago which we have decided to move in to 6 months ago. The house needed some work doing to it so under the advice of a financial advisor she has decided to remortgage the house for £50,000 (the house itself has been valued at…
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Stick or twist - should I remortgage?
Hello lovely people, I am currently on a pre-crash mortgage in two parts, which I have always been fairly happy with but wondering if I've been a bit complacent and its time to remortgage. 11 years term to go so the initial fixes are long gone but the follow-on lifetime tracker rates are Part 1: 42k repayment @ BoE+0.75%…
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Does this count as a gifted deposit?
Hi everyone, ftb-er here. Late last year my dad gave me a sum of money to pay off student overdraft and credit card. The money was used as directed, and after my debts were cleared I began to put my own savings into the same account to build a deposit for a home. What I’m looking to know is will the money my dad gave me to…
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Ex buying my equity
My STBX is in the process of buying out my equity so I sign the house over to her. At the moment she is unable to give me the full amount, but she has an AIP to buy out most of the equity. We've agreed that as part of the divorce we will draw up a clean break agreement in the next few months and that there will be…
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Solicitors Error with completion Statement
I hope someone can help with this. 3 months ago we had an offer accepted for the house that we currently live in. We employed a local solicitor to carry out the conveyance on recommendation of our broker. They took two months to get to the stage where we were ready to complete and we followed all advice given to the letter…
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Nationwide mortgage
Hi can anyone give advice my son found house put in offer nationwide valued it less then we put in for got price reduced , but they said it needed work doing on it seller has had work done , just before we had survey done and it didn't bring same problem up , But nationwide now want more paper work about what's been done…
