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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.
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What age did you pay off mortgage ?
Just wondering when people become mortgage free. I’m 54 and have several BTL mortgages, but it’s the one on my main dwelling that I’m referring to. Unless I have an unexpected windfall, I think it’ll take another ten years. I was within 30 grand of paying it off nine years ago, but then we moved and upped the loan…
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Mortgage ending - final bill charges
Afternoon all, We are coming to the end of our mortgage in the next few months with Santander (yey). When i looked at the settlement figure i see there is a £225 final charge (Redemption Administration Fee). I recall years ago reading here a template letter to get this fee waived. Is this still a thing? Anyone know where…
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Mortgage payments
Hi. The sale of my house and purchase of my new house are both set for 14th February, and I’m wondering when the final payment for my current home will be taken, and also when the new one will taken. I have asked RBS but yet to hear back. My mortgage payment is set to the 1st of each month, and with being in my current…
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BTL mortgage product coming to an end. Best options for paying off lump sum.
Our current BTL five year 2.17% product is coming to an end 28th February with a balance of around 140k outstanding. We are in a position to pay off 70k leaving a 70k balance and having spoken with our advisor who has told us, we will need to speak to our current lender, as we wish to reduce the balance by a large sum. Not…
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BTL Re-mortgage Queries
Good afternoon. My partner and I have a flat we rent out (the tenant has just signed a new 12 month lease and is a long term tenant) but it is currently on SVR through Bank of Ireland. It is on a residential SVR as we have consent to let, not a BTL deal. We' tried to call them to swap the deal and get a cheaper monthly…
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Lender’s refusal to execute best interest rate at completion
I repeatedly requested from both broker and the lender’s solicitor to have the lowest rate on the chosen product executed at completion (weeks and months away from the offer). Rates were not publicly visible and the lender never directly contactable (‘reflection period’ also refers to contacting solicitor only), and I…
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Renewing mortgage - how many times can I switch deals?
So my 4 month remortgaging window is about to go live. Say I locked in a deal right away....as far as I am aware I can cancel that deal and select a better deal during this 4 month window... Can I do this as many times as I like? My plan is to just stick with my current lender, Santander. I will take up the best 5 year fix…
