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Taking out finance through Novuna before house completion?
Hi, We are currently going through the process of buying a house, it's dragging on a bit due to some unforeseen problems and slow communication from the sellers' solicitor. We have until 9th March before our current mortgage offer expires. I recently completed my probation period at work and have since received perks…
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Overpayments and bank reducing monthly payments
So in 2022 i took out 16 Yr mortgage, fixed for 10 yrs. Halifax are clearly not liking me making my allowed overpayments as they have reduced the monthly payments. I have now submitted claim to the FOS following the banks refusal to go back to the payment we both agreed in 2022 when agreeing to terms. I can see from other…
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Building Loan Brokers
Hi all, I'd really appreciate any thoughts on if there's a way other than random online searches to find out which mortgage brokers specialise in banks and building societies in England/Britain providing house building loans? And what would one need to know to select the right mortgage broker in this situation?!
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How much can I borrow?
I know I can get a mortgage in principle to find this out, but my broker has advised me to wait until we find a house that we want. The problem with this is, I have no idea what house I would be able to afford? I already own a home which is sold STC, and based on simple maths of earning £50,000 per annum I could get a…
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Second mortgage for shared ownership (when staircasing to 100%)
Hello all, We would like to get an advice regarding to getting secong mortgage for the remaining shares so we can staircase to 100% (when it becomes freehold). Currently we have a mortgage for 60% of shares with West Brom at favourable rate of 3.66%. However West Brom is suggesting that we won't be able to keep this part…
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Remortgage due with house on the market
Hi, My remortgage is due at the end of January, which i fixed a few months ago with my current bank incase rates went up again. Obviously rates have come down so I'm curious what the best way to go is given our house is currently on the market. Do I remortgage at the cheaper rate with current bank (not the best on the…
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mortgage DD set up but broker unaware of mortgage status. help!
currently buying my first home. I have already received notification from my bank that my mortgage provider has set up a DD from my bank account and I assumed this meant it was all going through, as I figured that they wouldn't bother setting up a DD unless they had approved the mortgage. However, today I contacted my…
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Right to Buy Nationwide
Morning Applying for a mortgage with The Nationwide so no deposit needed. Just a small £50000 mortgage. How many months bank statements will we need does anyone know. Thanks 🙂
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Timber Frame Equity Release
Hi all, i hope someone can help. I am thinking of purchasing a property in Scotland. On the home report it says the property is fit for mortgage purposes. On further reading it says the walls are 'load bearing timber frame with painted render externally'. The property was built in 2015 and is in excellent condition. i…
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I'm not a first time buyer but my partner is
I already own a property but am buying a house to live in with my partner (we're not married). Obviously, the stamp duty is much higher because I already own a property and just looking at ways to reduce that. Could we just buy the property in my partner's name so we benefit from the stamp duty relief that gives? It would…
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Personal finances during a hot war
Just wondering, for no particular reason, what typically/historically happens to your personal finances during a war? For example WWI/WWII. In normal times we are generally expected to go out and work, and then use that money to pay the bills, so what happens if we end up off fighting in another country? How do we pay the…
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Can I live a little while mortgage application in?
So I'm currently trying to get a mortgage though nationwide I'm at the point where they have took all my financial details a hard search was done last month. Nationwide are coming out to value my house next week so I'm assuming within next two weeks it'll be a yes or no.my question is will booking a holiday before or after…
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Mortgage Default and unresponsive ex-spouse
Hello everyone, Im hoping some of you might be able to help me with a tricky situation. Some background: Property purchased in 2002 Remortgage in 2009 Current Settlement Figure: 130,000 Current Value: 240,000 I purchased this house with my ex wife; we had no children and separated in 2011. Divorced in 2020 (yes I waited a…
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First overpayment query
Hi everyone. We took out our first mortgage last year (25 years) and I have made the first overpayment this week. Equivalent to 7 months payments. I called Halifax to reduce the term but it will be a lot more involved than I realised. I have to speak to a mortgage adviser and basically reapply with the same questions…
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Lifetime mortgage query
I’m looking into buying a home with shale infill but not structural issues would a a lifetime mortgage be available to me if the house is structurally sound.
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Porting + adding name + additional borrowing
Hi, I currently live with my partner in a flat which I own. We’d like to move in the next few years and buy somewhere together. I’m in the process of remortgaging and I can’t decide between a two or three year fix. What I want to know is, whether it’s possible to port a mortgage, while adding a new name AND additional…
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Transfer of equity / solicitor / bank problem
I instructed a solicitor to Start the transfer of equity on my mortgage. I am buying out my ex and he is being removed from the mortgage. My unhelpful bank, danske, are refusing to engage with my solicitor. My solicitor needs consent from dankse to proceed, but danske bank will not speak to them as they claim they are…
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Help understanding my mortgage completion statement
Hi, To save a long back and forth between me and my uncommunicative solicitors, please can anyone help me understand my mortgage completion statement? It's a remortgage. New lender is advancing £224k, with £500 cashback and £999 arrangment fee, which we requested be added to the mortgage. The mortgage paperwork states:…
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Failed Exchange
Hi all, I’m hoping someone can offer advice or share experiences with a mortgage funds issue we’re dealing with. Despite the cancellation request by our solicitor, the funds were still released by the lender but returned by the solicitor within an hour. The problem is that our mortgage offer states: “Once you accept this…
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Declaration of Trust
Paid a substantial amount of deposit on house purchase. Now selling up and divorcing husband. He paid nothing. Declaration of Trust seems to suggest I own 80% of the house and he owns 20%. How is the sale of the house split? Mortgage was paid by both of us, equal amounts.
