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Need a new broker
Hi all, My broker which I had a great relationship with has now decided on a career change. I've contacted a broker and asked how they charge etc. They quoted £295 plus any commission received from the lender. I just wondered if this sounded a bit steep / going rate / should go for one that doesn't charge fees etc.…
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Switching to an interest-free
My mortgage is due for renewal and due to a change in financial circumstances I am considering switching from a repayment to an interest-only mortgage to reduce our monthly outgoings. If I ask my lender (Virgin) if I can do this, will they treat it as a new application and want more information about my current earnings,…
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Past DRO preventing me getting a mortgage
Hello Does anyone know why I am either being refused a mortgage or being asked for 15% deposit even after my dro has cleared of my credit report after being on there for 6 years? Thanks
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Signing as a witness for somebodies mortgage
Hi i was recently asked to sign as a witness to a couples mortgage papers. Ive never had a mortgage so had no idea why this was done. I was told by them that all i was signing for was to say that it was definitely them that had signed. So i went round and signed. They had already signed their sections before i got there.…
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Job loss/change after exchange of contracts!
In desperate need of some advice, Background - we have saved for years and put everything into our house purchase and if it falls through we will lose everything. The stakes here are high, this is a new build home and not only will we lose deposit, solicitor, broker fees, upgrades, carpets, flooring, we will also need to…
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Proof of deposit
We would like to buy a new build and have accepted an offer on our house. We are trying to get money together for the deposit. Part of the deposit may have to wait until mid August, which will be after exchange, but a week or two before completion? Any issues with this when it comes to proof of deposit? Does the lender or…
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Buying a part share of house
Currently I'm renting and looking to get on the property ladder but don't have a huge amount for a deposit at the moment (could cover 5% of a house purchase but not 10+%). Simultaneously my grandmother is looking to release equity from her house(it's mortgage free) to free up cash to buy/move into a flat with other…
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Big purchase before mortgage application
Hi, Hope someone can give me some guidance. Currently in process of selling house. Moving into rented while waiting to find something we want to buy. Probably buy in 6 months give or take but will need to sort a new mortgage as soon as we find somewhere. problem is my iPad is packing in and need a new one. Been putting off…
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Loan to our first time buyer son
Hi, Our son is about to buy his first property; he has a £50,000 deposit and earns £30,000. We are considering loaning him approximately £20,000 so that he could benefit from a better LTV and afford a more expensive property. We intend to formally document and witness this loan which would be 20 year, interest-free and…
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First Remortgage in process, a question please
We’re in process moving from Halifax to Barcleys. We’re taking £6000 out and also adding 10000 credit card debt to it which will form a 2nd part for 5yrs. We’ve opted for a 3yr fixed but the 2nd part will be for 5yrs. Our rate currently is 2.05% on both parts. We choose 3yrs as we may want to extend our house at that…
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Mortgage as a Director
Hello I was hoping for some advice. I am self-employed and have just managed to get a mortgage on a house with my partner. However, it was very difficult as my income was a mix of zero hour contracts and earnings from being a sole trader. The banks would only accept my sole trader earnings (the zero hour earnings were not…
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Title register and declaration of trust
Hi. I have had a will drawn out for me with a declaration of trust. On the trust my mortgage lender is stated. I want to change my mortgage provider. Is it easy to change the trust myself without a lawyer. Do I need to do anything at the land registry as well for thos? Why does the mortgage lender need to be named in the…
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Advice please!!! Mortage and payday loans
Hi All I have been a member on here for a while and I am in some need of real help! So myself and hubby have been talking about purchasing a house. Low and behold one has come up and we have arranges a viewing. However this is a big however the Estate agent asked if we had a AIP. I said not yet and she explained we need to…
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Intra-family loan for house purchase
Hi, our son is about to buy his first property and we would like to boost his deposit by loaning him £20,000 to be repaid over 20 years at 0% interest, We propose to formalise this as a witnessed agreement. We have considered placing a lien or charge on the property but believe that the agreement is sufficient. Does anyone…
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Can I access a mortgage and Governement help to buy with bankrupt husband?
My husband was declared bankrupt in October 2018, due to a failed business. He is now a full time student studying for a degree, to find a new career, his only income is student finance. I have just finished a degree and have the possibility of being promoted in my part time work, meaning my income would be 23K per year. I…
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Fully Offset Mortgage - Interest
[FONT="]Just wondering if someone could help with this...[/FONT] [FONT="] [/FONT] [FONT="]I currently have an offset mortgage with Barclays at a rate of 1.98%. Now I have fully offset that mortgage with savings. The offset started in May, however when I view my mortgage balance every day the amount is going up…
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Miscalculated Mortgage Payments Claim
Can anyone advise. I took up an advert from a Mortgage Audit Company offering to check if I had overpaid on a previous Mortgage. I don't usually do these things but for some reason did! They advised that I did have a claim and that my case had been passed to a Solicitor to pursue further with the Mortgage Company and it…
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Valuation - deed of trust
Hello I'm a 'buying into' my partner's property that we both live in, by being added to the mortgage and giving my partner a lump sum of money. We'll both be signing a deed of trust that details the amount of unequal amounts of equity we both have in the property. And any future increase/decreased of equity will be shared…
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Small Mortgage /LISA query
Hi guys I’m in the process of buying my council house with a parent on the right to buy scheme. We expect the offer to be around £30k after the discount at which point I plan to pay £20k off this balance leaving a shortfall of only £10k. An online mortgage advisor called and said we are better off getting a £10k bank loan…
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Should you move house if you’re mortgage free?
Hi, So my mum and dad will have finished paying off their mortgage next year and my mum has always wanted to downsize to a 2 bed bungalow now that her kids are grown up and living away. My dad however is very stuck in his ways and likes the idea of being financially secure and owning the home. I am on my mums side when it…
