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Halifax Application Advice
Hi all - I am new here and I'm after some advice for our mortgage application. This is a joint application with my partner, we have no outstanding debt between us other than 1 car lease for £260 pm. I earn 52k + 10-12k bonus, my partner earns 19k. We have a 50k deposit and have had an offer accepted on a house for 272k, so…
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Shared Appreciation Mortgage
Hi guys As executor of my recently deceased father's will I see that he has a Bank of Scotland SAM in place. I understand that these products were successfully challenged in the courts a few years ago but BoS chose to ignore the ruling and fight on. Can anyone tell me what the current situation is please? Thanks, Gary
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FTB - Concrete in situ house.
My partner and I love this house we viewed recently. Only issue is that it is concrete. It was built around 1920 (pre war) and other houses on that street have also been bought recently. Anyone have any experience with getting mortgage on concrete properties? Really worried that if we go ahead, there will be major issues…
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ERC with break in port
Hello. I had to pay an ERC because although porting, the sale and purchase were not simultaneous. Both exchanged at the same time, but completions were different. I get this back from my lender (Nationwide) because I will be completing on the same property the mortgage was agreed on, and continuing to port. Does anybody…
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First mortgage payment (roughly!)
Hoping someone can help..... Mortgage with Halifax and hopefully next week will have a completion date of 27th October. We've been told how much our 1st payment will be but not when it would be due to come out. Would I be right in thinking it would be the 1st November? Many Thanks 😊
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Miss sold mortgage from Barclays
Does anyone have any helpful advice on what my rights are here: we are moving to a buy yo let in our current property that we need to vacate due to the terms of the mortgage. We gave notice to out tenant in our other property which had to be six months. they moved out within 2 so we can move from london to the north east.…
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Coming to end of fixed rate deal and have some unexpected cash - should i pay mortgage off in full?
Hi my fixed rate mortgage of 2.4% is coming to an end in about a month and a half, at that time it is due to go up to about 4.2%. When my fixed rate comes to an end there will be about £35,000 left on the mortgage. I have recently come into some cash from a will, which is a little more than the £35,000. Would i be best to…
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Mortgage broker for someone with a IVA closed in 2014 but some debt
We are trying to remortgage our house but have learnt that many lenders won't entertain you if you've EVER had an IVA. Ours was completed in 2014, we have a good household income, good credit scores but some debt at the moment. Does anyone know of a broker or lender who may be able to help us please.
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New job impact on Mortgage
Hi Wonder if anyone can help with this please. Planning on applying for a mortgage soonish. Affordability looks fine - can lend 350k and only looking for 200-250k. However looking for a 95% deal. My partner and i both been with our employers for years however if one of us were to get a new job what implications could this…
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Can anyone answer this?
Needing some help/advice. A property has come on the market that is currently an office near us having previously been a home, then and B and B, then a medical centre and now an office - all over the last 25 year. We would really likely to try and buy it to live in as our home. Are there any lenders that would lend on it…
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Pay Off Mortgage or Buy a Second House?
Hi In the scenario where you had the savings to be able to put a deposit down on a small additional property (and could afford the mortgage repayments), with the intention to rent it out, or overpay the mortgage on your own property ... which, generally, would be the better investment?
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My mortgage has been bought out ….is this allowed ???
Hi, I’m putting to enquire if anyone else has had this happen to them . Since my divorce I’ve had a interest only mortgage with Oakwood Homeloans ltd for past 10 years . With very little notice I was informed my mortgage was being taken over by a company called Engage credit . I have been in the process of having MyOakwood…
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First time buyer house insurance
I have been told that the house insurance needs to be in place before the exchange of contracts. I don't know when the exchange of contracts will take place exactly. I also don't know when I will actually have completed the move into the house. Basically I have been told that I must give notice to my current landlord only…
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Remortgaging or Switching Rates
Hi there, long time reader, first time poster! I have a few questions/ queries, which overlap... Firstly, I am on a 2 year fix with Nationwide. During this two years, my partner and I have had a baby and she has returned to work on less hours. So overall our net income is down vs when we took the mortgage. Looking at the…
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First time buyer (hopefully) but…
PLEASE, PLEASE can you guys let me know your thoughts or if you’ve had a similar story and what the outcome was. So… my partner and I want to buy our first home - a new build using Help To Buy. I’m an A* when it comes to my credit. All above board, no late payments etc and I earn a decent wage. My partner on the other…
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EWS1 Form and B2 Rating
Hi All, This isn't for my mortgage as mine was successfully offered on my purchase yesterday. (with Natwest who took... 1 week! amazing.) My buyer is struggling to complete their mortgage with Halifax as they have requested an EWS1. Eventhough according to guidance, we aren't required to have one, our builder Taylor Wimpey…
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Access to my neighbour's mortgage details
Hi everyone, My neighbour is refusing to pay service charges. I am reluctant to take this to court, and understand that the mortgage provider can force their client to pay service charges. My question is: how do I find the name of my neighbour's mortgage provider? I know I have to go on the Land Registry website, but I…
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Valuation taking place today, when will I know how it went?
Hello mortgage has been approved subject to valuation so I’m quite anxious this goes well, it’s an in person valuation. Will I find out today? Regards
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NHS Pension and Mortgages
Hello, wondering if anyone else has been in a similar boat and can offer some advice. I'm a junior doctor looking for a mortgage, but a number of lenders I've spoken to have advised that they will need to take into account my NHS pension deductions (12.5% of salary) which will result in only being able to access a smaller…
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additional stamp duty
We are looking to buy a house as a primary residence and we are selling two BTLs. We are currently renting where we live now. Our broker said that if we were to buy a place to live as a primary residence, we would be likely to pay a 3% additional stamp duty. That could be refunded in full after the sale of the BTLs within…
