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Town centre apartment mortgage.
I have been trying for months to remortgage my town centre apartment, thro various "whole of market" brokers, who all tell me the same thing. Lenders are not lending against town centre properties above shops and restaurants. Does anyone know when this might change???
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2nd Mortgage applicant with 'Temporary' work
Hi all, I wondered how part time / temp work is viewed on by the mortgage companies these days? My wife has recently started a non permanent job and if her wages were taken into account, when I look at the raw figures, they would pretty much secure our application. Just using my wage is close, but not impossible. Thanks
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Moving in together
I know there has been several posts similar but I feel this is a slightly different situation. Me and my partner have been together for four years now and are both wanting to move out into our first house. We have decided we are not at that point in our relationship to have a joint mortgage as we haven't lived together…
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Mortgage with Completion Cert
Hi All I had a house built and completed in 2014 however it turns out i do not have a warranty and my mortgage has expired-is there any way to get a mortgage without a warranty.I do have a completion certificate. (i have contacted warranty companies and they want drawing,plans etc which i am struggling to get hold of due…
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Shared Ownership first time buyer fees?
Hello guys Looking to buy a 25 % share of a £380,000 house with a £5000 deposit. I'm just looking for someone to help with a breakdown of average initial costs we will incur on top of the £5000. I think i've read we should expect to pay about £2000 in fees but if that's correct can someone help with a rough breakdown?…
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Can we do this?
I'm after some advice please, my son purchased a house for which he has a mortgage and still owes around 50% of the purchase price, he has said that he'd like to sell it to me for just the outstanding balance, it's in a way a gift to me as I'd never be able to afford a house like this but also he's going to inherit it back…
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Mortgage credit Directive 2015 And early repayment charges
Has anyone successfully challenged their ERC based on what the The Mortgage Credit Directive Order 2015 states about it: I have been pre approved a Santander mortgage which carries an ERC of 5% for the entire 5 year term. I find this a bit of a risk, as even though I don't have any intention to move, 5 years is a long…
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Nationwide decline my Buy to Let mortgage
Nationwide decline my mortgage any other good lender I applied for buy to let property valued £400000 and rent approved 1400 monthly Loan needed £256000.00 My salary is £55000 and i have 0% credit card balance £24000.00 Nationwide given reason i have unscredored borrowing and my current financial situation is not stable. I…
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Lloyd's standard variable rate
Hi We have 2 sub accounts on our mortgage. Sub One is on the old Lloyd's standard variable rate which is guaranteed to be no more than 2% above bank of england base rate. Currently 2.75% Sub 2 is fixed at 3.78% which ends in February 2020 and goes to the homeowner rate which I think is 4.24% We are looking at remortgaging…
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Help with product transfer options
Hello! I am remortgaging for the first time and would appreciate some help with our options. We owe £431,000 over the next 33 years and our rate for the first two years was 1.35%. Due to life circumstances, the only option for us now is to stay with the same lender. These are the available products: * 2 years at 1.64%;…
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Overpayment questions
I have a Scottish Widows fixed rate tracker - 3rd year or 3 year fix. Every mortgage year (September to September) I can make a one-off overpayment of up to 10% of balance, so around £2,800 of £28,000 balance. I have £2,800 available and the mortgage interest rate is higher than any savings interest I can get on it,…
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Best option to for larger mortgage in two years
Hi I'm currently on a helptobuy and would like to buy out the remainder of the equity loan and get a full mortgage in the next two years when my fixed term is up. I currently also have about 8k credit card balance on 0% deals and 30k in personal loans. I have about £500/month to use towards overpayments and I feel I have…
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Appealing down valuation lies
Has anyone successfully appealed a down valuation and won? We are in the process due to having our own paid for valuation done the week before the banks (the problem we have is ours we had done is what we have to pay the government the % back on) The banks is how we get the LTV his is 15k lower so we are paying the…
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Mis-Sold Interest Only Mortgages
Hi, I am pretty certain that I was mis-sold my mortgage, I have tried to claim but when the firm acting on my behalf contacted my mortgage company (or the company that now owns my mortgage) they were too that unless I had all the copies of the original documentation, offer letter and contract that they wouldn't be able to…
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Gifted deposit from partner
Hi everyone, I am in the process of buying a property and need some help to know if my partner gifting money to my parents to then gift to me will be flagged in an AML check by my solicitor? To give some context: My deposit is made up of personal savings and 3 gifted deposits: Two being my parents and one being my partner.…
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London Mortgage and Renting a Room
Hello, I am currently looking at purchasing a 2 bed flat in London. The main basis of this is that I have a friend who I would rent a room out to and his rent would go towards paying the monthly mortgage payment. When requesting a mortgage from a lender, would my chance of borrowing go up or down if I told them this.…
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Was I mis-sold?
Hi, this is my first post and just looking for a bit of advice to see if our mortgage provider has mis-sold us our second mortgage. We got our first mortgage on a fixed rate for 3 years. When the fixed rate was over we remortgaged with the same bank for another fixed rate for 5 years. In the middle of that 5 years, we took…
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First time buyer
Me and my wife have been married for 4 years! I have a mortgage on my house in my name only and also on the house deeds is my name only. Does that make my wife a First Time Buyer? Please can someone give me accurate advice there seems to be so many differing notions!
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Mortgage query
I received a letter from my mortgage company to tell me they have made a mistake when calculating my mortgage payments and I have overpaid by £182.50. I asked the bank if this overpayment made any difference to my mortgage term (which has 9 years 9 months left to run). They told me it didn’t make any difference so I asked…
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Shared Ownership + Fixed Term Mortgage
Hello, I'm new to this forum but just wanted to ask a few questions as I'm trying to get my head around something! I bought a 50% share in a property in July 2018 as a first time buyer. Full price: £230k Share price: £115k Deposit: 25k My mortgage was two years fixed term so that ends July 2020. Current mortgage and rent…
