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Best for flexiblity
Hi All, My current mortgage deal is coming to an end in April. LTV is around 36% with 17 years left. Life is bit in flux atm, and I have a few very different possible futures. One would involve selling up, one would be to rent the flat out. There would also be a possible drop in income. I'm thinking I would be best to…
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Mortgage broker wants all statements?
Hi, would really appreciate some help here. I am applying for a mortgage using a mortgage adviser. The mortgage is with Nationwide, on their lending criteria (and over the phone) they say they need 1 - 3 months statements for the main bank account (bills, wages etc). My adviser has asked for 3 months of statements for all…
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BTL - moving lender, solicitor needed?
My BTL mortgage fixed deal period is ending. If I move lender/bank, I understand new lender will do a new survey. Do I also have to pay for a solicitor/conveyancer?
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Good position but nobody will lend
Hi all, Really struggling to get any sort of mortgage - with only current option looking like a very expensive second charge (and even that is far from certain). I think we are in a pretty healthy position, but for various reasons we need to borrow a little more, and reasonably urgently. Both the property and our situation…
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Remortgaging - same lender, better rate
Dear all This is my first post in this forum - hope you'll forgive me. My actual 2yrs fixed-twrm deal is coming to an end in Feb. I have been in touch with London&country mortgages, who helped me getting my first mortgage. They told me they would only consider new lenders deals, so they won't give me any information about…
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Mortgages
Hi, My fianc! and I are looking to buy our first home and have secured an AiP from Barclays for an £85k mortgage. We have a 5% deposit and earn £52k between us each year. My concern is that I still have a student overdraft but have a credit score in the high 400s. My fianc! has a lower credit score but is a loyal Barclays…
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Mortgage rejected due to amount of rented property in building?
I am first time buyer and recently made a successful offer on a flat. I had a mortgage decision in principle in place with Nationwide (arranged through a broker) and all seemed to be going well. Initial checks against me went fine (I assume) and a valuation appointment was arranged. Nationwide then cancelled the mortgage…
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Porting mortgage - buy to let
Hi, I currently owe £43k on my mortgage. We were looking at buying a new property and porting this mortgage across and borrowing a further top-up (approx £40k) which has been AIP. We wanted to keep our current property, switch to buy-to-let and release equity from this for deposit and money to do new house up. We were…
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Need to check brokers application?
Hello, we’ve been sent a mortgage application declaration to sign, and the main point all over it says to CHECK THE APPLICATION. I called my broker and he said i didn’t have to and they are liable if anything is wrong. My gut feeling is to ask him to send me it to check but it’s been delayed already so keen to get moving.…
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Stamp Duty Liability
A house is to be sold through probate. There are executors and beneficiaries to this estate. If one executor wishes to buy the others out and then own the house, is stamp duty payable on the agreed price or residual value after that executor's share is deducted?
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House valuation query
Hi all, Sorry I’m advance if this is a stupid question! Deposit for house is 30k, on a 130k property. The property is actually worth 140k, but I’ve not mentioned this discount to the lender. I know when they value it it should pass based on this. My question is - Will they value it at 140k ish or just 130k which is what…
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Are we likely to get a mortgage?
Thanks in advance
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Mortgage deal ending but while I'm on unpaid maternity leave
As the title says. Mortgage deal ends 2nd April. I am on maternity leave until 30th March. My SMP stopped in December. So I am now completely unpaid until I go back to work in March. Spoke to a broker who said I don't need 3 months payslips if not wanting to borrow more or switch lender. Of course we want the best deal…
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DIP/Mortgages
My partner and I are currently going through the tedious process of finding our first home. We have our hearts set on a house we’ve found and have done the necessary to reserve (shared ownership). Between us we have a joint income of £53,000 a year. We are working closely with a broker, who given our circumstances, have…
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Calculating reduced monthly payment after overpayment - is this correct?
Hi all Conventional advice says that if you can save (or invest) at a higher rate than the interest on your mortgage, then you're better off not overpaying. I always assumed that if I overpaid say £10,000 on a mortgage with an interest rate of 3% I would save £300, ie the 3%. However, I used an online calculator (NatWest…
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Mortgage Overpayments (Sub-Accounts)
Hello, I've been searching the internet for an answer to my question and I can't seem to find an answer, or at least not one that asks the question in the way I'm trying to understand it - so hopefully someone can help!? - For the purpose of the question I will use made up values; Sub-Account 1 - 3.89% Interest - £60k (30…
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what mortgage company is this
Trying to remember who i had my first mortgage with, some 17 years ago as want to look into if i was missold PPI on it (I'm pretty sure I was) I cant remember the lender though, it wasnt one of the big/popular lenders like Halifax or Lloyds, all i remember was the logo was possibly blue and orange, or had blue and orange…
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Getting a Mortgage with Pay day loan history
Hi, I am hoping someone can help me, i am sure this has been done before but any assistance would be appreciated. My husband and i have recently sold our existing house, paid off the mortgage and moved into accomodation until our new home is ready (new build via help to buy). Last year, i took out a 3 pay day loans to help…
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Concessionary Purchase Stamp Duty
Morning all, We’re currently mid point of sorting our offer and buying a property from our parents... little back round. We sold our last property 4 years ago but never had the money for the next step so my parents brought it for us and we have rented it from them since while we saved and improved salary’s to get the…
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Borrowing more on existing mortgage
Hi, I am on 2 years fixed mortgage (loan amount £152k) with Santander’s where the term had started Aug 18. My current LTV is about 29%. I am thinking of borrowing more from Santander’s about £55k to raise for either existing home extension or as deposit for purchasing a buy to let property. I spoke to Santander n they r…
