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Deed of variation for land management fees
Hi, the house that I am in the process of buying has a land management fee for the local green areas that all local residents are contracted to contribute to annually. There is a clause in the deeds that allows the management company to reclaim monies not paid from the property. As this is not something that mortgage…
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Stamp Duty Query
Hoping someone on here can help with this. My sister recently returned to the UK (she is a UK citizen). Although she did own a property overseas (now sold) she would now like to buy a property in England for the first time, is she classed as a first time buyer ?
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Part interest part repayment mortgage what are the chances of success
My current repayment fixed deal on my family home is coming to an end. I am considering attempting to get a part interest part repayment mortgage due to financial strains 3400 per month. We have not defaulted or have been in arrears during my mortgage but we find the monthly repayments unaffordable. Myself and my partners…
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Can our mortgage company keep us ‘trapped’ like this?
Very basic backstory, I got myself into a lot of debt & am currently dealing with DCA’s & defaults. So my credit rating is shot. Me & my husband were in the process of splitting due to this, but have now decided to give it another go. However we want to downsize our property & release equity to clear some debts in his name…
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Mortgage/repossession/declaration of trust
Before I write an essay..are there any posters with experience on the above?
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Mortgage Protection Clause - Freehold
Hi I need some advice. I am selling my shared ownership property at 100% to a buyer who will then own it in full as a freehold. Her mortgage company Nationwide is requesting a mortgage protection clause to be added to the lease. My solicitor has told them this isn’t required as there is no forfeiture clause in the transfer…
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Thoughts appreciated about a break up and mortgage scenario
Thoughts
appreciated about a break up and mortgage scenario Hello Looking for
thoughts about the following situation – I am not familiar with this thread so
forgive me if this has already been discussed of if this is not the correct thread. The
situation is a couple in a relationship (not married) bought a house 3 and a…
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Remortgage - electrical pylon on land
Hi we bought our lovely house 9 years ago and mortgaged with no problems. We are now needing to borrow more to do some work to the house and our mortgage provider has refused as it is now against their criteria to lend against houses with an electrical pylon on the land. Is anyone aware of lenders that are happy to lend…
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Mortgage offer checks 1 week before completion?
Hi - we exchanged contracts this week after a long old road with some frustrating buyers, set to complete in 1 week and move into our new build home. We received our mortgage offer from Halifax in December, which expires June, so no drama there. Will Halifax ask for more payslips before completion? Do they do another…
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Redundancy interest only?
Hi folks, Looking for advice. Ive just been paid off today effecrive immediately and i am wondering if i should ask my lender (Halifax) to move my payments to interest only. I believe i can do this for 6 months? Is this correct and are there any implications for my credit history? I have savings to cover me for a while but…
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Porting fixed-term mortgage with YBS
I am selling my home and have had an offer accepted on another property. I actually don't need as big of a mortgage for it, but my lender (YBS) has insisted that their underwriter has said I must borrow exactly the same: no more, no less, because I had 4 missed payments on my credit card last year. I can't even borrow…
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Remortgaging and paying back HTB Equity Loan
Hi! New to the forum and have been looking for some advice on the Help to Buy Equity Loan scheme. Around 5 years ago my wife and I purchased our first property. The value of the property was 250k. We put down a 12.5k deposit and used the equity loan scheme. Our total borrowing for the mortgage was 187.5k at 1.9% - a…
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Opinions please!.Mortgage and 2x btl
Hi all, I currently have 2 buy to lets and a residential mortgage which are all up for renewal within the next 12 months, however i'm not sure what to do, so I wanted to ask what you would do in my situation. BTL Property 1, outstanding mortgage balance £235k - value £400k , currently rented at £1700 p/m ,fixed rate ends…
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Changes of getting a £5000 YBS deposit mortgage as low earners in the South East?
Hi, just looking for some advice from people who have recently gotten the Yorkshire Building Society £5000 mortgage? We're looking if possible to get onto the property ladder after living in partners mums out house. We need to move asap so saving for a typical deposit isn't an option either. We've seen the YBS £5000…
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Deed of postponement
Hello we have brought our house last year on right to buy we would now like to increase our mortgage for home improvement such as windows/ doors, bathroom and kitchen our bank are happy to increase but need the permission for the council. The council want £150 and all the quotes for the work we would ike carried out for a…
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Rules on ERC's...?
Could anybody help with a quick question about early repayment charges on mortgages. I'm in the throes of selling a property that I have a BTL mortgage on and its on a fixed rate until August 2025. There will be a penalty of 2% of the outstanding balance if I repay it before the end of August but I don't have an option of…
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Overpaying mortgage before additional borrowing on mortage
Hi Everyone, After 10 years of living in a run-down, wreck of a house trying to raise our kids in it and developing a love/hate relationship with the place, we are finally having planning to have some desperately needed home improvements done to the house later this year. Money has always been a bit tight as we previously…
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Clear Debts Before Obtaining Mortgage
Hi My wife and I are looking to move house, selling our current house. I have some credit card debt on zero interest. Generally would it be better to clear this before getting a mortgage (would we be able borrow more in doing so) or would it be better to keep the debt on zero balance? I have savings to be able to clear the…
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Equity release estate query
Hello, I am asking this question as power of attorney to my uncle who is in his mid 80s (and named executor to his estate). My uncle took out a equity release mortgage plan with a company towards the end of 2018 and this came with a no negative equity guarantee. At the time he still had 100k left on his mortgage and the…
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Confusion over wording, Barclays mortgage overpayments
Hi, I just got my annual mortgage statement from Barclays and I don’t understand the wording about overpayments. We’re on a 3.02% fixed interest rate for 5 years, 24 year mortgage of £100,800, started in September 2022. I pay £492 DD monthly and over the past year have paid £3,500 in overpayments. The wording I’m unsure…
