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Timing and Affordability Conundrum
Hi, I'm in a bit of a pickle and hoped someone could help Me and my husband have found ourselves needing to move 3 hours away for his job. We have a mortgage with decent equity. The problem is that I am currently due our third child. (conceived before we knew about the move!) and his salary won't start until March. We've…
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Freehold Rent charges
Article: https://www.bbc.co.uk/news/business-50519066 I have a freehold house but pay a peppercorn fixed rent charge of £40 a year, written into the freehold and service charges to maintain the communal spaces which is around 180 a year. I wonder if the lenders have tightened up their criteria, but obviously we do not know…
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Extending mortgage term?
Hi all, I've done a search but can't seem to find this specific issue. I am a 'mortgage prisoner' in that my wife and I took out a mortgage at max joint salary when we were both working. That's now not the case, so when the fixed term ends, we simply have to select from the current lender's options. Question: Would…
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NatWest Mortgage Application
HI Guys, FIrst time buyers here, weve been saving for 3 years, we have ended up buying a house for 249,500. We have saved £10,000 each in both our help to buy isa's and additional £20,000 in savings account over last 3 years. We are being gifted £25,000 also. So £65,000 deposit. Mortgage of £184,500 i believe. Although we…
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asking for mortgage offer extension
Hi, Need some advice please. Would it be possible to ask for mortgage offer extension? I'm divorced and have been approved for remortgage in my own name. But my ex is being difficult and won't sign the TR1 even after I agreed to buy him out. I'm most likely have to take him to court for breach of consent order. I'm worried…
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IVA and impact on a re-mortgage..?
Hi everyone.. Just hope I can get some advice re: re-mortgaging and the impact an IVA can have. My wife has an 5 year IVA which is up in 2 years time. Our joint mortgage is up in January 2020 both names on there. We were with a mortgage advisor today and when giving a note of income my wife mentioned she has an IVA. We…
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Remortgage rejected at the last minute - advice please.
Hello So a few months ago we started the remortgage process using a broker at a well known high street agent (50-100ish shops I’d guess) and all went fine. We’d asked to take a bit of money out to settle a few debts we’d built up by doing up our new house, a new kitchen, bathroom, living room, rear garden etc and a bit on…
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Buying Partner Out
Hi all, Seeking some information about what to expect from the process of buying my partner out of our mortgage. We are currently separating but I am looking at staying in the home and buying my partner out of the mortgage. Current value of property is £160k Current mortgage owed is £110k The separation thus far is…
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Mortgage deposit advice
Hi, I am looking to buy a property with my mother (aged fifties), She has already paid her mortgage off. I have my own mortgage with my partner separately that I am currently paying (aged twenties). I wanted to know the best way to apply for a mortgage? If I have the mortgage in my name I think I would need 20% deposit for…
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MORTGAGE BLACKMAIL BY THE HALIFAX BUILDING SOCIETY IN THE 80s
Any advice please for getting this looked into, many years ago we wanted to move house which we had a repayment mortgage with the halifax. They agreed to our new amount and just before completion while signing the papers they announced we couldnt have the amount we wanted on a repayment basis but could if we had an…
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Can I change mortgage after a year?
My husband and I took out a 2 year fixed rate mortgage with specialist lenders Kensington last November due to him having a ccj, our interst rate is 4.7% but now his ccj is off his credit file and we both have great credit scores, is there any way of changing our mortgage without incurring lots of costs? We went through a…
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Worried! Halifax Mortgage Application
Hi All, I’m a first time buyer who has submitted an application with Halifax. I feel I have been stupid during this whole process and now very worried. I had an AIP with Halifax a few months ago on a new build, decided not to go with the property. We saved a bit more deposit and We shopped around with another developer 2…
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Remortgage or not
We have a £86000 still on mortgage property value at £160000 now on 2.75% interest rate (rate is 2% +base rate 0.75). Have 13 years to pay now wondering if a 10 year fixed rate with some overpayment would be better option? Current lender on 10 yr fixed 2.44% would only be £10 less than we pay now. Difficult to decide with…
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Builders incentives - Northern Ireland
Hi all. My boss is building 32 new dwellings of which 5 have been booked even though there not officially released. I’m buying one of said dwellings at £135k including £15k of extras. The other same house type has been booked at £149k with no extras. I’m getting this deal as there my boss and it’s kind of a “thank you”…
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Mortgage for Supply Teacher
Hi All, First time post! Recently married my wife, she's from Newcastle + we moved to Belfast where i am from. She had over 5 years teaching permanent in Newcastle before moving here. We were told it was very diffcult for Sophie to get a full-time job here teaching initially, so she went around 200 schools passing round…
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Halifax Mortgage - Spouse Visa
Hi, We applied for a mortgage through a mortgage adviser (MA). Our MA said that he submitted the application last week Monday (11 Nov) but until now no news yet. We have already paid the valuation fee of £200 and the bank loan fee of £999. Just a bit of background, my partner is British and I am on a spouse visa which will…
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equity release - lifetime mortgage
Hi Does anyone have experience to share of taking out a lifetime mortgage to buy a house? We have sold our house and are taking out an equity release lifetime mortgage to help buy our next home. Our concerns are how much we will be restricted in what we can do with the house by the lender ( subject to planning permission…
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Stamp Duty 2nd Home
Hi Some advice needed please regarding stamp duty. I split with a partner 2 years ago, we tried to sell but the market was not good and we ended up having to rent it out. About 18 months later I had saved enough to buy a place with my new partner and proceeded. We had to pay the extra 3% duty as I still had the previous…
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Barclays Hard search at DIP
We recently had a positive DIP back from Barclays. I have since realised that they conducted a hard search on us rather than a soft search (full app has not been submitted yet). Is this a good sign that a far as credit history goes we are acceptable candidates, subject to application & valuations being reviewed? Thank you…
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FTB - mortgage flexibility for relocation
Good morning, I have a request for advice, before I proceed to contact a broker. I am living in a regional city and I would like to purchase a property as a FTB. I have a very sizable deposit (c. £100k) and a fairly high salary for region, as well as an excellent credit history. All sounds good. However, for career…
