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Right to buy / IVA on file
Unfortunately i took out an IVA just under 6 years ago (it would end in October after 6 years) but i borrowed money from partner to pay it approx 6 months early because i put in for the right to buy on my council flat before the change in rules at the start of the new tax year. The right to buy price has come through at…
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Buying an inherited house via a limited company with a mortgage to buy siblings out
Hi, I placed an original post here that outlines the situation I'm in. The short of it is I am the Executor for my late mother's estate and want to buy my siblings out of the inherited house but via a company to avoid the 40% tax I would face due to being over the higher tax threshold earnings from my day job (replacing it…
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How much can we borrow
Hello, We have 2 properties at 225k, one resi and one BTL. 45k in the resi and 80k equity for BTL. We have 55k in debt. (35k) on refurb for BTL. Combined salary of 100k, plus 2 years of accounts for the BTL 20k an annum. If we sold our resi, how much could we borrow with the debt in mind? Also, I’ve been told that we can…
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Reduce term or over pay
I have 20 years and 6 months left on my mortgage, I owe 77000. I'm due to remortage in October but I've done the maths and I can figure out which is best to reduce my term to 15 years making my monthly mortage 560 and over paying bringing it to 650 a month, or remotage for 20 years making my monthly payment around 441 and…
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New Mortgage with no job
Hi all. About 20 years ago I got a new mortgage when I had no job but up to 25% deposit. I used a mortgage advisor now retired or dead and all I had to do was sign a form declaring I could make monthly payment, irrespective of no income or proof of how I would make payments. Do this provision still exist ? I have been told…
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How difficult to get interest only residential
A bit of our circumstances: Late 30s couple, combined income just over £100k, property worth about £550k, mortgage would be about £250k. We have been able to save a fair bit until now (therefore the equity), but now expecting a baby, so would give us peace of mind to keep our monthly bills as low as possible (don’t think…
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Mortgage Reversion??
We have a house valued at approx 350k with 70k approx mortgage outstanding. I am 72 and my wife is 52 both of us are in full time employment. My wife and I have split up recently and the house is in my wife's name, we've agreed that I should stay in the house for now...she has moved to a flat. We bought the house in 2019…
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Coach House Mortgage
Hi MSE Forum knowledgeable people :) I am hoping to buy a coach with a double garage underneath. 1 will be mine and the other will be leasehold for another property. Wondering if anyone knows which companies can provide mortgages on these properties. I am at the early stages so don't want to start approaching mortgage…
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Which Main Stream Lenders will give me a mortgage over 55 when my home is paid for
Hello Martin I read all over the internet that there are mortgages out there for over 55's who's property is unencumbered. I work and intend to continue well into retirement. Please spill the beans??? At age 57, which main stream banks/building societies will offer me a remortgage at a reasonable lending rate on my fully…
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Inaccurate initial mortgage valuation report.
Good morning, I am looking for some advice/possible solutions to our current problem if possible! I'll briefly outline our situation. We bought a flat that is composed of 2 separate self contained units. There is a one bedroomed flat and then on the floor above there is another room with bathroom which has it's own…
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StepChange Financial Solutions - closing down
Just received notification that StepChange Financial Solutions are closing down, which is a shame as it removes a zero advice fee option for those seeking equity release products.I've mentioned then often on this forum so I thought it was only fair to let people know that they were no longer an option...The StepChange debt…
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HELP - contiguous land issue - Santander
Hello all Long time since last on here but after a complete bombshell I don't know where else to turn. Back in Summer 2019 I secured a 5 year residential mortgage on my house. It is a converted barn, which was part of the family farm. It is a separate legal entity, properly registered the the Land Registry, and has all the…
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Looking to remortgage
Hi there Looking to remortgage in next 2/3 months. Currently with Kensington, badly advised last time around by broker (had just started a new job on probation) as confirmed on here previously, anyway.. Both employed, salaries 49k and 52k. Additional annual income 5k disability benefit and 5k car expenses from employer.…
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Mortgage audit
We have sold our house and made an offer on another. Our plan is to port our mortgage (156k) to the new property and then when the small part of our mortgage is up for renewal in March 26 to pay off in full reducing our amount to 116k. This is in my husband's name only and we've been told that they now have pulled the port…
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Halifax Credit Scoring Above 85% LTV
Hi all, We're FTBs with fairly specific circumstances, looking at shared ownership properties in England. We are hoping to do 95% LTV, which I recognise is very optimistic in our circumstances. We've received an AIP from Halifax, with a maximum loan of more than twice what we need but capped at 85% LTV. Halifax are the…
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Remortgage due at the end of the year
hi everyone looking for some advice please if possible? We are currently coming towards the end of our 5 year fixed with Barclays and looking to stay with the just for pure ease for the next 2 years. We have never remortgaged before as we were FTB 5 years ago. Could someone please help me with what happens when we are…
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I have some questions about equity release, please.
Hi everyone I have read and read around equity release till I'm blue in the face and I'm confused, so any help would be most gratefully received, thanks in advance :) We (my husband and I) have discussed equity release and are certain that it's the way to go for us. We have no dependants so our understanding is that it…
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National Hunter Database Mortgage
Has anybody found a mortgage broker that can help get a mortgage if your name is on the National Hunter Database? Thank you.
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LISA, Savings or Interest Only?
I'm wondering if it's better to use a LISA or savings for a house deposit if they at a similar level? The LISA is tax free but not as accessible. Lack of accessibility helps it accumulate over time, where as if I was disciplined with my saving it would incur tax when it accumulates, especially if the ISA allowance is cut…
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Advice for a (hopeful) First Time Buyer
Hi everyone, I'm 23 and since I was 18, it's been my goal to buy my own house rather than renting. I live at home and after finishing uni, my parents have been very kind with rent, asking me to put money into a LISA instead. I have 13k saved in high yield savings accounts. I then have 12k in my LISA. No dept. I currently…
