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Remortgage for BTL - offer extension
Hello,I am in the process of remortgaging my BTL to another lender. Offer valid for 6 months which is coming to an end soon. I decided to hold off on completion till later given the changing economic situation relating to the pandemic. I gave my covenyancer enough time to set completion date etc before offer expiry.…
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How much mortgage could we get....
Hi all, found out today landlord wants to sell our house. Offered it to us to buy and we want to buy it. Only problem is we don’t have as much saved as we wanted. We have £21,000 currently. We could save probably another 2-3k by the time we buy. We earn 70k a year between us. Could anyone advise if in the current climate…
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Mortgage advisors for poor credit score
We are looking for a mortgage advisor who can help us we have low credit scores and some issues but I have seen people post who have much worse. We are looking to buy our first home both in secure jobs with a joint income of around £105,000 per annum. Neither furloughed. If you may be able to help or can suggest someone…
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First time buyers...worth holding off?
My girlfriend and I have so far raised a deposit of £31k and are actively looking for a property in the region of £300-350k. We are fortunate enough to be renting off parents, and there is obligation for us to move any time soon. My question is: should we try to secure a 90% LTV mortgage now, or is it worth holding off…
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How To Finance Self Build - £500-600K
Hi, Has anyone had experience of financing a self build, by knocking down existing home and re building a high value home? Existing house value £500k, with £300k mortgage New build cost: £500-600k Final property value: £1,300,000 I need to understand: If I can secure bridging finance that offers money up front without…
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SANTANDER LISTED BUILDINGS
Hi, Does anyone have any experience with Santander lending on a Grade 2 listed building please ?
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Re-mortgage advice & Debt Consolodation
Hi, Hope you're all well. I have a fixed rate 2 year mortgage that is due to expire in March 2021. It was 95% LTV (Purchase price was £137,500) - To date, I owe £129,400 - Fixed rate expired March 2021. 1) I'm concerned that I won't have enough equity in the property for a LTV 90%, to get a better interest rate (Currently…
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Revising the existing home loan
I revised my existing home loan recently, which I had taken for purchasing an apartment in Mississauga. Before revising, a lot of banks started calling asking me to take a home loan. So I did thorough research and chose one among them, which offered the home loan at a lower interest rate. I also went through their ratings…
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First Direct Mortgage Timescales
Seen a few of these threads for other lenders, but none for FD so far. For me (85% LTV, FTB) First Direct had the best deal excluding HSBC (who it seems are taking forever) so I applied direct online as I knew what product was best for me. I can't find anything on their website about current timescales, I also approached a…
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Advice on obtaining a mortgage
I have a property with a mortgage (Aldermore)
joint names with my ex currently valued circa £160k with a remaining mortgage just
under £80k. I also have a second property which had an interest only mortgage
on it – long story concerning dry rot in the communal roof which meant it couldn’t
be sold, however since splitting…
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self employment support scheme and remortgaging
I'm due to remortage in April 2021 I'm trying to find out if claiming the self employment support scheme grant through HMRC would hinder my chances of us remortgaging. Even my financial advisor doesn't know the answer We are nearly done clearing our credit card debt and with only 1 left to clear which will be done by Xmas…
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TSB timescales
We’re ready to exchange but buyer waiting on their offer from TSB. It’s now over 5 weeks since submitting and valuation was 4 weeks ago. Last update was for some employer info last Thursday after escalating it. It’s now 7 days since that info was given, what should I be expecting in terms of reviewing that last bit? I have…
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LMS & HSBC Mortgage
Hi All I received my mortgage offer from HSBC on Monday and I was told they now send the offer to LMS (who seem to work with most lenders but I am not too sure of their exact role) and then from LMS my offer goes to my conveyancing solicitor to accept on my behalf/act on. Does anyone know if I'll receive anything from LMS…
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Mortgage Application & Student Finance
So, I’ll try to make this as un-complicated as I can! So earlier in the year I was offered a place at university but to start next year so my boyfriend and I decided to start the search for a house in the meantime whilst I was still employed full time. So we found our perfect first home and sent our mortgage application…
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HSBC Mortgage
Hi, I was wondering if anybody had been declined from HSBC due to their credit history? I'm probably over-thinking, as usual, however we are FTB's with 10% deposit of £19k. We got our MIP yesterday from HSBC, all was ok. We have combined income of £54k but only want to borrow up to £171k. We each have a car loan, but other…
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Mortgage Reflection
On a mortgage offer, where it says that I have a 7 day reflection period on which to withdraw, but that the offer is valid until January 2021, what does this actually mean? Do I have to physically send something back or speak to them and tell them I intent on proceeding? Or does it just stay valid until January 2021 and my…
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Does chasing make a difference?
Reading this forum, lots of people talk about phoning their broker/solicitors/potential lenders on a near daily basis for updates. Does this actually make much difference to the pace of things? Unless there happens to be a slip up in communication, surely relevant updates or requests for future details will be passed on…
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Mortgage during our golden years
My wife and I own our house outright (recent valuation £220.000) we are both 73 years young and we want to move. Where we want to move to we would need to pay about £280.000 to get the same quality house. Albeit we have savings we only have £18.000 and we could not afford to pay any monthly sum. We have four children and…
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Direct with Santander - they seem to be busy?
We have now sold our own house and had offer accepted on our target house so contacted Santander, as we'd previously had an AIP. They requested a couple of pieces of information that I forwarded on to them straight away. 3 days later chased them as heard nothing back. Spoke to the person assigned to our case by telephone a…
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My mortgage journey (First Direct and Nateest)
I finally exchanged contracts today with completion due next week, can’t wait to move. I am in temporary accommodation having sold my previous properly at the end of June. I originally listed my property in June 2019 so it’s been a long process, with various things falling through. The house we are moving to now is…
