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Mortgage Underwriting Query
Hello I have a question and would appreciate any help. We have been offered an approval in principle from Standard Life. I have sent all the documents they require including 3 months bank statements. We are just waiting for the formal mortgage offer and my solicitor is ready to exchange contracts. Unfortunately my partners…
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completed today on remortgage
i have phoned sols they advised completed today-i have some questions please--will direct line charge me interest up to today or the end of july month-why do they not send out statements up to completion date-have been told not due til 10/08 but i wont get one then either cos no longer with them-totally cannot understand…
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Mortgage query
I bought my house 8 months ago. All the figures were on the table and after a surveyors report I managed to get 5K knocked off the purchase price agreed with the vendor. I had used a solicitor recommended by the Financial company who was recommended by a friend. He got me a mortgage with a vendor gifted deposit. it took…
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U.K. Banks Plan to Curb All Lending Further
U.K. financial institutions told the Bank of England they will curb lending further to consumers and companies in the third quarter, constricting economic growth as the threat of a recession looms. Banks reduced the availability of credit in the second quarter and anticipate even less lending, and a widening in spreads on…
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95% problems
We are buying a new build house, and although i am a shared ownership owner and am selling the share, my partner is a FTB. We have no deposit but because it is a new build, we are getting the 5% deposit from the developer. We had an offer in principle from the Abbey for a 95% mortgage, and between that and paying the fees…
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Halifax mortgage rates changed again
They must've changed either today or yesterday as I'm sure I checked them on Monday - for existing customers it is now £1,999 to fix at 6.19% though other rates of 6.35% (£999) and 6.45% (£699) are available. Previously you could get 5.99% for £699 to it is quite a substantial jump there. Does anyone know how many times…
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Life cover on mortage
The process of taking a new mortgage recently out has revealed, in the bank's terms, a deficiency of life insurance cover over the mortgage which is a risk to them. I can understand this but argue that 3x salary death in service from my employer which adequately covers the mortgage amount mitigates that risk. I would never…
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Halifax Tracker Mortgage
can the experts on here tell me if these mortgaes are good or not
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question needs answered asap
my mortgage company have just informed me that they are charging me £9 a month because i dont pay by direct debit anymore i pay it straight into their account. any help on this i would be very grateful
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Sorting out incorrect details on credit file asap!
Hi there i was wondering if anyone had any words of wisdom! My partner and I have had an offer accepted on our property, have paid our reservation fee for our new new-build and thought everything was going along fine.... until our mortgage advisor applied to port our existing mortgage to the new property. Halifax then…
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Discount-NO NO NO!
Martin has frequently used the word Discount. Lets be very clear what this is..... Its a discount from the lenders variable rate. Who decides this rate? THE LENDER.... at his discretion. Last year, 2 lenders put up their Standard Variable Rate (SVR), without any warning, for no reason, other than to boost profits. I call…
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Endowments stick, sell or make paid up?
We have 3 endowments, no mortgage and no real need to sell, but concern over paltry annual bonsuses made me wonder if our money could work harder prompted me to look for buyers. We have been inundated with offers all of which are over the surrender values. This leads me to think that we would be better off keeping them. 2…
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HSBC arr fee
I am sure I heard in the radio this morning that the rate matcher arr fees are £7500 and £10K for apps now. Any brokers know if this is true as it'll be nice telling people that!!:D
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8 weeks to get a mortgage...
Ok, have just had an offer accepted on a house in Edinburgh for the family. Need to find a £120k mortgage in 8 weeks. I am lucky enough to have a large deposit which makes the LTV at around the 30% mark. The plan is to use a whole of market broker that I have used before, and trust. However, I am aware that some banks…
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Endowment Another one looking for advice please
Hi all We Purchased our endowment on the 29-10-1987 The Original Policy wat taken thro a private broker (now Defunked) and was with Scottich Amicable, Scottish Amic were then Brought out by Prudential. The Maturity amount is supposed to be £38k + profits :confused: We are getting the preverbial red letters of shortfall Am…
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Is this the key to finding the Best deal?
Just came across this site this morning...looks good to me...not heard of em before on MSE, or anywhere else. Good to use for no obligation advice, or to go through saving much hassle.... http://www.mortgagemonitor.co.uk/index.html Anyone had dealings with them? too good to be true? :confused:
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2 defaults can I get a mortgage
Hello Can anyone advise is it possible to get a mortgage with 2 defaults.........Got Equifax and Experian Credit reports in June both show default No1 (fully paid) Only Experian shows the 2nd default, Equifax does not...............:confused: but Experian does say it is in dispute. 1. Satisfied/fully paid up default reg…
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Anyone know of a Calculator tool
to find the 'true' cost of first 5 years of a mortgage pls, IYSWIM - so I can compare products like for like that don't show up on the comparison sites tables pls? :money: I need to add in the cost of any fees and a rate to compare...there must be a tool or at least a formula to work on somewhere? Maths ain't my strong…
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question for anyone who works in valuations
hi is there anyone on here who works in valuations who can tell me how much properties have dropped in value between march and june apparently internet/land registry dont tell the truth!! thanks p.s im in south east
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Joint Mortgage & relationship split
To cut a long story short, my ex & I split up June 07', when our son was 6 months old & just 3 months after we bought our new house. He then moved in with a new girlfriend - I have contact with my ex only by letter because he is abusive. My ex has refused to pay his share towards the mortgage (900+) per month & money I…