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Endowment matured
Does Scottish Widows have a legal responsibility to tell us when our endowment has matured?
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FTB/HTB mortgage declined
We applied to Halifax and it passed AIP and Full Application. There was a NOC on my file, which I didn't know about, then they declined our application for the adverse plus it wasn't in the banks appetite. I got the NOC removed as it was incorrect information. We then applied to NatWest and its been declined :( My husband…
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Equity Release Stumbling Block
Looking for some guidance regarding an equity release lifetime mortgage offer which has been received from the lender, however the lender’s solicitor is holding up the release due to a technicality. Myself and my wife have moved in with my mum to care for her, on her property she has an old barn that we wish to convert in…
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Halifax incorrect mortgage calculation
On 28th November Halifax didn’t take a direct debit for our mortgage. I called and queried it and they said all was fine and it would clear late in the day. It didn’t and they called to say it would be taken on 11th December. I questioned if we’d incur extra interest as the payment was delayed by 13 days. I was assured we…
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Consent to Let on a Tracker
If you are on a lifetime tracker and are on consent to let, I am presuming the lender will keep you on that rate/product until the consent to lease is finished or I move products/return to the property? I have a 5 year fix and additional borrowing on a lifetime tracker (so I can overpay). Just wanted to make sure I am…
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It's not looking good, do you agree?
Hello, thanks for reading this and replying if you do so, all of it is appreciated, to start with I run my own business and to say it has not been a good time this past year is an understatement, my income has dropped to about £500 a month which is not enough to pay for the mortgage and other household bills, thankfully we…
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Remortage and would like to release equity
Afternoon i have a mortgage on my property for 135K and my property is worth 220K. i have a few debts and borrowed from family to renovate the property when i purchased 2 years ago. which is the best route to clear the debt (approx 60K) understand i may not be able to get it all cleared but would you remortgage or a loan…
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Partner poor credit - any chance of getting a mortgage?
Hi everyone, I'm after some advice. In about 12 months me and my partner are hoping to buy a house together. Unfortunately his credit history is terrible, and so I want to know if it's even going to be possible. Some background info - I currently own my house and have a mortgage in my sole name with Nationwide - My income…
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Mortgage after DMP and clean slate
Hi I am currently in a DMP with stepchange, I have recently received some inheritance which should be enough to clear all if not most of the outstanding balance - thanks to the lovely people on the DMP board, I have received some advice on the best way to do negotiate this but may take a few months. All defaults are due to…
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Natwest application tracker
Hi So we submitted our application on Saturday and on the tracker today all the information has gone to ticked. In peoples experience with natwest does the tick mean they are happy with what has been provided? So anxious 😟
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BTL 75%LTV Direct Deals
Hello, I need to remortgage my property to a BTL 75LTV mortgage. If possible 5 year initial fixed period. I've been in touch with a few independent mortgage advisors and I'm waiting for their recommendations. A couple have come back quoting 2% interest rate. I was hoping for a little less. So I've been looking for direct…
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How do I work out if it’s better to change mortgage?
Hello everyone does anyone know how to work out if it is better to stay with my current mortgage versus paying the penalty fee and moving? I have two years left on a fixed rate (3.69%) mortgage of £175k with a penalty fee of 2%.I can see there are low interest rates at the moment so I’m wondering if it is worth taking a…
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Ex partner who refuses to pay the mortage
Hi there, I am looking for some advice or past experiences/outcomes regarding a ex partner who has refused to cover the mortgage. My ex partner left me 3 years ago when I was pregnant as I got diagnosed with a serious health issue and I had to remain in hospital for months at a time, he decided this was too stressful for…
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Mortgage with unpaid direct debit
Hi me and my wife are looking to buy a house but I've just looked on my bank statement and there is an unpaid direct debit. I joined the gym just before national lock down then the lockdown started 2 days after I joined so I canceled my direct debt but it was too late as they tried to take it out then it went back in and…
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Part exchange on a new build - exchange £££
Looking to buy a new build property via a part exchange on my house. At the point of exchange of contract, I am asked for the 10% deposit. Question though... where does this come from? I don’t have £50k just sat in a bank account! I had planned to fund everything from equity but that won’t be achieved with part exchange…
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Property has a RX1 charge placed on it with Land Registry
Hi - we bought an investment (buy to let) property through an estate agent. This was on a rent now buy later scheme. We are the landlords. The house was found by the agent and he has put an RX1 legal charge against the property. My question is this...would it require our consent or signature to register this RX1 with land…
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Mortgage offer gone wrong
Hi, can anyone help please. We applied for a mortgage and got an offer through, where we were porting our existing mortgage and adding on to it. Our current mortgage is a help to buy rate, where the new home we’ll be going to we aren’t using HTB. Our solicitor picked up on the mortgage offer that in the special conditions…
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Remortgaging with Bluestone
Hi everyone Just a couple of questions. We're a long way off yet but just trying to get all our ducks in a row. We have a 5 year fix with Bluestone on our newbuild. In order to remortgage with them, do we have to use a broker again or will they deal with us now we have an existing mortgage with them? We paid £2K in broker…
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Splitting with an Ex - House Valuation
Hi all. Split with the ex partner (not married)last January 2020. Had the house valued in June 2020. I completely took over responsibility for mortgage and all bills from the moment she left. When trying to buy her out, do I need an up to date valuation, or is the valuation from June ok to use legally. It doesn’t seem fair…
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Property Transfer - No Mortgage involved.
Hi. Theoretical question as it isn't me but someone close... I am looking to transfer ownership of my house (main residence) to me and my 2 children. I understand the IHT rules and the 7 year "countdown" but is it really as simple as 2 forms to the Land Registry? I have seen AP1 and TR1, and it looks like approx £50 in…
