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Mortgage and Furlough
Hi, Myself and my fiancé have been trying to get our mortgage application approved from before lockdown. My Fiancé was put on Furlough the day after we got a mortgage application approved and obviously he had to inform them he was on furlough so they pulled out. We recently received word that our new build property would…
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Moving jobs
I’m a doctor so every year we move jobs as part of our training. My next one starts in August. It will be a pay rise. Will moving jobs affect my mortgage application?
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Remortgage
Hi, Bit of background here. Got our property nearly 2 years ago @ £123k. On a 85% LTV. coming to the end of our 2 year fixed soon and will owe around £101k ish. Now, there’s been several sales on our road and we had our house valued at £145k. now when we come to remortgage if we stay with the same lender Halifax I assume…
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What do I do?
Hi, I was wondering if I could ask for some help and advice please? My husband and I have been making overpayments on our mortgage for some time now and are soon to be finishing the fixed term part of our mortgage. We will have £64000 to pay off and were planning to do so in 5 years. However, lockdown has made us realise…
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Mortgage advice
Hi i am just after some advice please. With the current Covid-19 and economic situation are many places still giving mortgages if you have a 10% deposit (first time buyer)?Thanks in advance for your help David
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Mortagage Help
Hi Everyone, I am looking at getting a mortgage within the next year or so and have been in the same job for the last 8 years. I am looking at started a Ltd company as a side business in addition to my current full time job. Will this affect me getting a mortage as I still have my full time job? Any advice would be much…
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Mortgage product withdrawal
We have been accepted in principle with a lender for a 10yr fixed term. But when finishing application with a mortgage adviser the product as been withdrawn. We applied before it was withdrawn. We had agreed a 90% mortgage. Where do we stand?
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Adverse Mortgage DIP
How long does a DIP take?
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Savings & Debt or No Debt & No Savings - Mortgage Application
Hi! Im looking for some advice. My partner and I are looking to buy a new house. I own the house we live in with a mortgage. I have no debt, but was previously in a DMP which I paid back in Nov 19 in full. My partner has never had a mortgage. We are looking to buy together and either port across my current mortgage or get…
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Fixed Rate or SMR - Short Period
Evening all, I am in the final stages of a divorce and one of the assets soon to be marketed
for sale is the family home. The 5 year fixed rate we have on the mortgage
(3.44%) comes to an end on August 31st. I suspect it highly unlikely the
property will be sold by then so we need to either re-mortgage and fix (for a
short…
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Mortgage over payments - have I covered everything that I need to?
Hi All, I'm making over payments on my mortgage with the aim of paying it off early. I've spoken to Santander (my mortgage provider) and they've told me the following and I just wanted to make sure I've covered everything that I need to in order to get the most out of the over payments as this is all new to me and I don't…
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Helpful Start Account - Family Springboard
Hi, me and my partner have recently applied for a family springboard mortgage, in which my parents are very thoughtfully providing us with the 10% deposit, of which as part of the rules of a springboard - they will need to keep in ‘helpful start’ account for 5 years (which they then get back with interest). We have been…
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stamp duty
I own a property with my x-spouse who I am divorcing. I'm buying a new property with my new partner. I'm confused over the percentage of stamp duty I will need to pay. Also if I have to pay the higher rate, can I claim it back once my property is sold or my x buys me out? Thanks
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Mortgage
Hi I would like to help my son & his wife purchase a house, they do currently live in a mortgaged flat but would like a house to start a family The flat has very little equity. They are both on low income (36K combined) I have been advised that the only way is for me to purchase one on a buy to let mortgage then rent it to…
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Government equity loan
Hi, Why is the government equity loan only available for new build properties? Whilst I was in the Navy the forces help to buy could be used on any aged property not just new so why is the government help to buy different. I could pick up an older 2 bedroom house in my area for £50000 less than the new builds are going up…
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Are there still issues using HSBC for your mortgage?
For the relatively small amount we're borrowing (25-30k), HSBC offer a reasonable rate over 10 years. However, do they still insist on their conveyancing panel, or is that a thing of the past?
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Recently self employed have full amount for 35% shared ownership but wont accept due to tax return?
Hi Guys so me and my partner are buying our first home and fallen in love with a particular property. This is with the help to buy scheme. we are both recently self employed, and i have inherited a deceased reletives estate which allows us to pay the 35 percent share straight away. but when doing the affordability check…
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Santander Early Redemption Fee - New Mortgage
Hi I sold my house in Feb this year and as part of this paid Santander an early termination fee which was significant amount. I was told at the time that if I bought a new house within 3 months then I could potentially get this fee back. The 3 months is now past but I have found a house now and had an offer accepted, I…
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First Time Buyer New Build Mortgage
Hi All Been reading the forums for a long time but this is first post! Myself and my partner reserved a new build property back in January and had agreed with a bank on a mortgage with a 5% deposit. We held off on the full application (as advised by bank and others) until closer to the completion date which was originally…
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Interest Only Mortgage & Remortgage HELP!
Hi guys, I'm looking for some advice in regards to my mothers situation. Unfortunately she has been on an interest only mortgage for the past 20 years. Now there's 4 years left on the mortgage Lloyds (who she has the mortgage with) now want that money back. Obviously she's unable to pay it all back, its not a massive…
