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Delayed extension - what to do with the money?
Hi, we've just released some equity to start an extension project in May but looks like it will be delayed due to Covid-19. What should we do with the money? It's just sat in the current account at the moment. Thanks.
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Remortgage - fix for life?
Hi. My current mortgage ends on 30 April. I need a £65k mortgage and have 12 years remaining, with house valued at £200k. I'm tempted to get a 'fixed for lifetime' mortgage and have seen some good offers, but is there any disadvantage of doing this that I might be missing? I may move house in the next couple of years so…
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Barclays reducing there lending LTV and I've just applied
Hi everyone, So over a week ago I applied for a 75% LTV mortgage with Barclays and was due to arrange surgery at start of the week which has now been stalled. So after seeing Barclays now temporarily stopping LTV mortgages more than 60%. Where do I stand? Will I be ok ad my application is already processing?…
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Coronavirus - the implications of deferring mortgage repayments
Does anyone know if there are future implications of deferring mortgage repayments for 3 months? I'm aware that mortgage lenders are being sympathetic in allowing people to defer for 3 months, however, I'm concerned that this will affect the ability to switch to a new deal/fixed mortgage rate product at the end of existing…
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Am I entitled to refund?
We were in the process of remortgaging from Halifax to Barclays to get a better rate. When we bought our house, we used the Scottish Help to Buy equity loan, because of this, when remortgaging we needed to get all parties signature on a Ranking Agreement to say that Barclays was first, and the Scottish Ministers second to…
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COVID-19 Mortgage offer expiring
Hi, Our house purchase has been put on hold for the foreseeable as have many I imagine due to COVID-19. We were due to exchange next week but our vendor has asked for 4 weeks between exchange and completion to give him time to find a rental. However, it's obviously impossible to view any rentals at the moment. Four weeks…
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Payment holiday help please
Hi my mortgage is with first owned by rbs. I have tried ringing about payment holiday for days sometimes 2 hrs on phone with no joy. So I rang first active and told them my situation. She said have you applied. I said yes online form. But her advice to me was cancel your direct debit (so I did) then ring them and explain…
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Declaration of Dependancies
I would like to apply for a mortgage without my wife as my credit rating is far better. I am aware that this can be done but have a question regarding my children. As my wife’s salary isn’t taken into account on the mortgage due to the credit rating, can I say that my children are financially dependant on her? Frustrated…
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Reducing offer after mortgage accepted
We have a mortgage offer for a flat and have recently started to engage our solicitors. Valuations/surveys have been done. We have had advice from numerous people to stall the sale and reduce our offer due to turbulent world events and to price in the almost inevitable recession. As I understand it the vendor is looking…
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current mortgage applications
due to coronavirus im still waiting to hear something about my mortgage application valuation done and gone to underwriter can not get any information from ma from last thursday what shall i except from this situation any mb or ma to answer this thank you
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Tracker mortgage - rate reduction
I have a tracker mortgage with Santander since November 2018. I have not received anything from them yet about reducing my rate following the base rate cut. How long does it take until they reduce it?
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Six month delay
Hello, I’ve posted before bout not for a while. My mum died last year and I’ve inherited her half of the house. My name is yet to be put on the deeds but my mortgage query/application can go no further. Bank says I need to be on the deeds for atleast six months. I’m assuming this is because it would be classed as an equity…
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NATIONWIDE HAVE PAUSED/CANCELLED ALL VALUATIONS
I have been advised that Nationwide have paused and cancelled all valuations based on the latest. Complete right thing to do. All will be reviewed in three weeks.
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Impact on endowment
Hi all my endowment is due to mature next year and currently even on the lowest prediction I’m in credit. With the Bank of England rate being so low will it affect the final sum? just worried in case there will now potentially be a short fall!!!
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Mortgage Holiday - Coronavirus
Santander says 'If you take a mortgage payment holiday, this means that you wouldn’t make mortgage payments for up to three months and we’ll add these payments onto your mortgage balance. As a result, your mortgage balance will increase and your monthly payment will be recalculated over your remaining mortgage term." I…
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Anyone applied for a mortgage in the last week with Nationwide?
Interested to hear if you have applied for a mortgage with Nationwide and what stage you are up to?
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New mortgage offer and Covid 19 wages
Hi everyone, we have recently had our mortgage offer through and are ftb. We are happy to proceed and are in no chain as we are buying from our landlord however in the current situation with Covid-19 I am concerned over what will happen. So my partner and I are key workers so will 100% have a job through this however there…
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Can I temporarily borrow enough money against my home to buy my parents a house?
Hi, I'm in a bit of a tricky situation and am looking for a solution, I'm hoping someone can give me some advice. My parents are selling their house in France and their buyer has postponed the purchase because the value of the pound is terrible at the moment. In the meantime they've found the perfect house that they want…
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House extension query
We were thinking of doing a double storey extension as the layout of our home isn’t great. We have a separate shower room and toilet, no room for a bath. Kitchen is tiny and also small bedroom. We are getting drawings done at the moment and then Coronavirus hit. It would take quite some time (if at all) for us to get our…
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Lender's Surveys looking likely to be postponed until further notice.
In the early stages of a sale (to a FTB) and a purchase (no chain), have my MA appointment with Santander tomorrow to finalise my application... I just had a call from Santander informing me that lenders surveys/valuations (done by Legal and General) have been cancelled due to the announcement yesterday. A few questions: -…
