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Tenant in common unequal shares - how to become equal shares?
My partner and I bought a house and had a declaration of trust drawn up as he had a higher deposit than I did. Our split is 53% his, 47% mine. If I were to use my savings to buy the 3% from him by overpaying with a lump sum on the mortgage, making us 50/50 equal shares, how would I work out what amount I'd need to overpay?…
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Can I claim back cost from seller
Purchased a new renovated bungalow, everything when we'll - exchange was smooth. 6 months after we moved-in a wall tile dropped (luckily the bathroom wasn't occupied) and then we started noticing cracks between the tiles. Not long after, we started feeling wobbly/bouncy wall tiles when the wall is leaned on. 2 tiles came…
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Basics of remortgage
I will be remortgaging later this year and I just want to be crystal clear around my cash flow I make my mortgage repayment on 1st of each month. Lets say £2600 in total made up of £2000 principal and £600 interest My initial rate ends on 31 December 2021 at which point I hope to be remortgaging Question: On 1/12/21 I will…
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Early Repayment Charge for transfer of equity
Hi there, My lender is trying to charge me an ERC for removing someone from the mortgage. The mortgage is still under the same rate, with the same lender and over the same term. I thought there would be no ERC as this is very similar to porting a mortgage. I'm speaking to the lender about this, but if they insist on me…
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Can the post office witness signature?
I need a witness on my mortgage deed. In Covid times I can't get to anyone I know (everyone is a journey on public transport away). Can the post office do it?
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Barclays Valuation to Offer Timeframe
Anyone have a rough idea on timescales between Barclays receiving the valuation and the underwriting process?
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Any lenders on here 4 advise??
Need advise 2 find out if it is problematic getting a mortgage on a freehold house with restriction in favour of a dissolved management company. Was in place 4 Road maintance. Now dissolved 4 ten years. Restriction remains but land registry dissaply restriction on sale of freehold House.
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Mortgage Release Help
Hello, We have recently paid off our mortgage at the beginning of Feb. We are currently in a chain to purchase a house and sell ours. we are waiting for the lender to send our mortgage discharge form to the land registry. I spoken them today and explained the situation. They are hoping to get this done in the next few…
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Early Repayment Charges
I realised due to combing through my mortgage contract yesterday that while I shouldn't incur a mortgage exit/redemption fee because I'm within ten years of the end of my term, I might incur an Early Repayment Charge (ERC), because I will be in the fixed period when my mortgage gets paid off - after the next monthly…
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BTL northern rock/NRAM
Good evening. Can anyone please help? I've had a BTL for a number of years and looking at remortgaging due to expensive mortgage payments to but considering moving to a LTD company. Can anyone please tell me of the benefits/negatives of a LTD company in this situation? Thank you
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Mortgage with post divorce court award for maintenance
I have an offspring with children who is going through a divorce using a solicitor. There is a likelihood that maintenance will be awarded and that there is a real good possibility that the post divorce family can support the mortgage payments and remain in the current house. It currently is a joint mortgage prior to the…
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Overexposure limiting to 1 lender
Hi. I am applying for a shared ownership apartment and the housing association has stated that there is only 1 lender available due to overexposure. The housing association rep stated that it was due to Cladding law or ews1 or something. Can someone help as the interest rate is huge on the lender and am worried that it’s…
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Any SEISS and mortgage application success stories...?
Last Thursday my partner and I sent off a mortgage application. My partner is employed full time and I’m self employed. Due to a dip in my income I have received all Seiss grants. Just wondered if anyone has been successful in getting a mortgage offer whilst claiming the grants?
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Mortgage early repayment charges/housing association fee to sell
Hi! I'm looking to move abroad so have to sell my shared ownership house, the fees are extortionate, is there anyway of lowering these? Halifax early repayment charge 3500 solicitors 1000 housing association want 2200 in fees valuation 200
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Alliance and Leicester Flexible Mortgage
Hi, it's my first time posting on here so thanks in advance for any advice and replies. We have had an Alliance and Leicester Flexible mortgage since about 2008.It is a fantastic tracker rate..currently 1.09% We are moving house hopefully soon. Our current mortgage was around £110000, but we have overpaid and currently…
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LTV and Remortgage
I want to understand the LTV when I remortgage please I know you'll get a better rates if you have 60% LTV but who dictates the value of your property when you are just switching product with the same lender? Shall I get my property valued first and use the figure when you switch online or does the lender use the property…
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Overpaying 10% on a TSB mortgage.
I'm just over 2 years in on a 10 year fixed rate with TSB which some heavy fee's, for the first 5 year's decreasing by 1% year on year after that. I started overpaying through bank transfer in the second half of last year, £1,300 in total so far in dribs and drabs. I've planned overpayments in a spreadsheet for the…
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Mortgage after death
I have a dilemma. My partner of 11yrs mother has said that she is drawing up a Will leaving everything to my partner and his sibling. She has also said that she is adding a clause to say that her current boyfriend of 2yrs is to be allowed to continue living in her property for 5yrs following her death before it can be…
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No Search Indemnity Insurance
Hi everyone, Our local authority search is unlikely to be done before 31st March. I’ve been reading about other potential options and have seen that there something called No Search Indemnity Insurance. I’ve found this article that suggest the lander I’m using, Leeds Building Society, accepts the policy but I can’t find…
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BTL Santander mortgage declined
Hi I was wandering if anyone could help or guide me to what I need to do. I am in the process of buying a 3 Bed semi detached around 5 miles from my current address which I wanted to purchase as a BTL, I currently live in a 2 bed terraced. I was pushed in to using the estate agents broker. He applied through Santander and…
