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Mortgage after separation
Doesn't matter now
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Being asked to complete in April which will mean a 1% increase in our redemption costs.
Our redemption cost up to 30th April is 3% and 2% thereafter. That works out to around £4-5k. However, bottom of the chain have had their mortgage offer for 6 months and don’t want to re-apply as interest rates have obviously gone up. So if we are forced to choose between completing April and paying the 3% and letting the…
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Retirement interest only mortgage
Hi everyone, looking for a bit of advice. My mum and dad currently have an interest only mortgage..approx £185k outstanding and will not be able to pay it off - they have 3 years left on their Halifax deal. They are making payments to the mortgage now and have been for a while so this will be reduced even further by the…
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Mortgage offer expiry
So I have a really quite Rubbish mortgage offer from Kent reliance. Time is ticking along and it’s now three months since I put the offer in on the property the inquiries are going in tomorrow at the latest apparently but there’s already an issue that’s been raised with a Victorian pipe at the rear of the property that…
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Halifax mortgage extension.
Hey all! So our mortgage offer with Halifax expires in just under 2 weeks and I am wondering what the likelihood is of being granted an extension? Our new build home has been delayed by 2 months so we are stuck. Do Halifax have to complete a new application, for example: credit checks etc. Any advice would be great :)
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Building on the boundary of 2 titles
We are in the process of buying a house which has a large side garden on a separate title. We will not have a mortgage on either title. The question that I have is can we build across the boundary between the two titles? I want to build a large double garage / workshop but the ideal place for me is right on the boundary?…
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Fixing for longer than outstanding term
Is it possible to choose a fixed rate product that is longer than the outstanding term of a mortgage? Thanks 😊
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ReAssure ex Legal and General with-profits endowment
Evening all... We currently have a with profits endowment policy that is due to mature in June 2022 and have noticed some considerable changes in the fund value in the last few months. It was originally taken out in 1997 to cover the mortgage, however, the mortgage was converted to capital repayment but the endowment was…
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Is it worth ditching 2 year fix, paying fee and getting a 5 year fix?
180k on 75% LTV current rate 1.44%, due to renew in July 2023. Exit fee of 2%. Current cheapest 5 year fix for me is circa 2.3%. I am contemplating changing mortgage now before the 2.3 become 3.5% in a years time....is it worth it?
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Changing jobs before completion
We are relocating so needed to buy and get a new job at the same time. We’re both teachers so found jobs for a September start. As soon as my husband got his job offer (he got one first), we put our house up for sale. We sold our house and found a new build we liked. It is due to be finished in July/August. I’m now…
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Family springboard or shared ownership mortgage
Does anyone have experience of either of these? My questions - how much would mortgage offer increase by if went down family springboard mortgage route? I'm not able to gift my child money but happy to 'lend'. Where do we find a shared ownership mortgage? Thanks
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Overpay NatWest mortgage to reduce ERC?
If I overpay (I can do up to 10%) will that then reduce the ERC if I remortgage?
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Can I get a mortgage if separated?
I am married but separated from my husband. We haven’t separated legally and we do not plan to get a divorce for personal reasons. I would like to buy my own house but am concerned about how lenders may view my situation. Do you think I would be given a mortgage or would lenders presume we will divorce so too high risk? To…
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Can I pay my own Stamp duty?
I have recently been told by my lawyer that I need to pay and additional 3% surcharge as I am in a relationship and my husband owns a property. I am buying the house alone. As I had not expected this my husband is happy to gift me the 3%, £17,400 and the money is very clean. The lawyers are now asking me to pay an…
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Solicitors work
Hey everyone, Just looking some advice, we agreed a sale on 6th January, received mortgage offer on 4th February after downvaluation and renegotiation on price so we are at the solicitor stage. Our solicitor has said they still haven’t received everything from the sellers solicitor, so far we have got Fixtures and…
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SO Mortgage Broker Recommendation
Hi All, As the title, really. I am interested in a SO property and have made an application. My details have been passed to TMP for an affordability assessment and, as I understand it, they will then try to find me a mortgage, but I’ve been told TMP aren’t great so would like to find a broker myself. Could anyone recommend…
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EWS1 rejected by lender
I hope someone can shed some light on the situation for us. The building is 9 story and is over 18m in height. The valuer’s response is “Unfortunately the EWS1 is not acceptable because the signatory does not hold a suitable qualification. For option B1 the requirement is a single signatory that is a Chartered Engineer…
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Mortgage Offer Extension Barclays
My mortgage offer is only valid until the 8th of April. My completion date is pencilled in for 29th of April. I’ve spoken to Barclays a few times now and keep getting conflicting advice. Initially they said they only extend by two weeks, so i then scheduled a new mortgage appointment - when they called the lady said “you…
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Applying for Loan after Mortgage Offer
Dear All I recently applied and received a re-mortgage offer with TSB for a 10 year fix deal at 1.74%, (which I think is a brilliant rate considering the recent rate rises),I have 50% equity in my home. I am not looking to complete until my existing mortgage expires on 31.05.22 and the new deal starts on 01.06.22, so my…
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3% SDLT surcharge - Married
I have a mortgage offer from my bank and the house is only a couple of weeks from completion. I am married but do not live with my husband as he works abroad most of the time and I dont want to. He owns a UK property and I am buying my own property. My lawyer has said I need to pay a 3% surcharge on the SDLT as my husband…
