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Mortgage offer withdrawn - solicitors still let me sign the exchange
Hi, So after selling my property for over a year, (only actually being on the market for a month and a half) 2 sales fell through during this period. The second time it fell through my solicitor had requested the funds from the bank and sent them back. 14th august /19th august. The bank then updated all my barclays…
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Stamp Duty and redemption fees
Looking at moving in with partner. We both have houses so looking at what we can afford . Does stamp duty and mortgage redemption fees get added to the next mortgage or can you port one of them ? Also if we are with the same provider could they port one of the mortgages and then only pay one lot of redemption fees.
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Interest saved by overpaying BTL mortgage - is this correct?
I have a BTL mortgage currently fixed at 1.45%. I was considering overpaying on it to save some interest and reduce monthly payments. However, when I talked this over with a mate he said that by overpaying, I'll only save 80% of the interest rate as I get 20% back as a tax-credit through my self assessment. He says once I…
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Best route for mortgage application - adverse history
Hi I am looking to get a mortgage, however have a satisfied ccj from 2015 (£35) and 3 defaults going back to 2014 and 2016 - all cleared 2/3 years ago - 2 were catalogue debts for £157 and the other for £85, lastly £1250 to the water authority. I have been told no chance with a high street lender so should I approach a…
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New house purchase, mortgage and using savings
Hi, Has anyone any experience to share in respect of purchasing a house with a mortgage and then having extension and modernisation work done to it? What is the best option, using the motrtgage funds to purchase the house along with part of the the equity from the sale of my existing house and then using my savings and the…
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Buying 2nd home for child’s future
Hi I’m not super rich but just wondering what the options are for buying a second house that would be for my child in 15 years time What are the options available now mortgage wise? Buy to let ? Interest only- assuming house prices increase and and interest rates stay low, put a tenant in and hope they look after it- is…
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Not sure if misled by broker
Hi all. New to forum! Just been chatting with a friend who has similar situ with his mortgage, and am not sure if I have been misled / ill advised by a broker - and if there’s anything I can do about it. I am the Director of my own Ltd Company, and currently am on a 5 year fixed term, 35 year mortgage at 2.02% (loan taken…
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Advice please mortgage and land purchase
I am currently looking for second home, I have found the perfect home however the garden is non existent, the neighbour behind has a very large garden and she is looking to sell and reduce her garden due to up keep etc. She has been refused planning permission and hence why she is considering selling. I was wondering if…
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Looking for some basic mortgage advice
Hi all, I wonder if any of you want to chime in with opinions on how my wife and I should proceed with our move? We’re going to talk with our bank soon, but I want to research a bit before that. My knowledge of mortgages is zero. We have a flat worth about £185K completely paid off with no mortgage, which we’re going to…
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Advice: should I use my savings to reduce my mortgage debt?
Hi there, I was hoping to get some impartial advice from other users beyond what my bank has advised me to do. Next month I will end my 2 year fixed term rate on my mortgage and need to remortgage to avoid being put on Standard Variable Rate. I currently owe 167K and have 20K in savings. Would anyone recommend I put all or…
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Bluestone process
Hi everyone Sorry for yet another post! Bluestone app sent in on 5th, looked at on 7th, requested one doc, sent immediately. Valuation instructed an hour later for the next day. Broker seems to think it's because it's help to buy that they instruct straight away? Could this be the case? Apparently its been through two of…
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help with finding a mortgage
Hi. I am trying to buy a council flat via RTB however my mortgage was turned down due to the surveyor's/valuer's report. The report said there was a "lack of owner occupiers in the building." ( i did check land registry, and out of 28 flats only 6/7 have been sold. the last 3 to be sold don't seem to have a mortgage/are…
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Mortgage value
I have recently applied for a mortgage with a broker who got me a decision in principle with Halifax. I’m using equity loan on help to buy. When I did the figures for help to buy and my deposit for £209995 my mortgage was £157994. Now the question is when I gave this to the broker the broker came back and said that the…
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Underwriter issues with signature
The underwriter for the bank I'm mortgaging via is complaining due to a mismatch in signatures between my official documents (passport, driving license) and some forms I have signed. Obviously from their perspective they're making sure mortgage fraud isn't occurring; I'm wondering if anyone has had such issues and/or what…
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5% Deposit Shared Ownership Lenders
Hi Can anyone recommend lenders for a 5% deposit new build shared ownership scheme (house)? Preferably those that are more lenient on existing debt. Looking at 65%/75% share We had a traditional residential 95% LTV mortgage offer recently but the sale fell through. We have found a new build development that a local HA has…
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Recently Self Employed
I'm after a bit of advice in regards to remortgaging and possibly lending more. I recently went self employed (3 years ago). I had my mortgage before going self employed and I was in full time employment. I used to bring in around £21,000 a year and my wife brought in around £24,000 a year. Now I have gone self employed my…
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Selfbuild Mortgage
Hi I have a self build mortgage that I took out in Jan this year and decided I would not go with a warranty provider due to cost. By doing this I would need to get the build inspected at each stage by and independent person. In the Mortgage guidance documentation it states the following. If you decide against using a…
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projection quote for Aviva (Axa Equity and Law) endowment
On this years summary the lower forecast was -.5% but the plan is supposed to have a guaranteed return of 3% . Does the guarantee mean that I will get more than the lower assuming I keep it? The plan is getting near the maturity and I intend to keep it on the assumption that 3% ( although not great at the time it was taken…
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Switch Vs Remortgage
Morning all I currently have a 2yr fixed mortgage with Nationwide, which is due to end in June next year. Obviously I will have a bit of a shop around before agreeing to stay with Nationwide. My question is, if I just switch to a new deal with Nationwide, how thorough are they with their checks etc? Obviously if I switch…
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Remortgage - Halifax
Hello To All Honourable Experts Please give us best advise on remortgage. Currently with Halifax - 2 years fixed @ 2.59% going to be end in Dec 2019 I was the company Director at time of mortgage ( Dec 2017 ) and my wife was employee in my company, Now we changed the directorship reverse now she is director and I am…
