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Deposit, Stamp Duty and Tax
Our situation is that my mother will be selling her house, and we will be using the proceeds of that sale as a deposit for a house that my partner and I will be paying the mortgage on. My mother will be living with us. My mother’s house is worth approximately £340,000 and we will be buying a property worth approximately…
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Anyone know a website where I can compare multiple mortgage advisers?
I am currently a first time buyer and me and my partner are feeling overwhelmed! We're finding it difficult to compare deals from different mortgage advisers. Anyone got any recommendations where I can compare advisers easily?
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Will Skipton BC lower my rate before completion?
Hi all, FTB and first-time poster so please treat me with kid gloves as I'm feeling waaaay out of my depth. We've got a mortgage offer for a 2-year fix with Skipton, due to complete early September. However rates have dropped since we got the offer to the extent that now we could be paying £500 less a month if it was on…
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Someone who is behind with the rent
Someone who is behind with the rent but not with the mortgage part, Can they try to repossess even though it is part ownership?
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Help to buy - To take on Equity or Not?
TIA for reading my post! I currently have a H2B mortgage that is due to expire in 3 months after a 5 year fix. Having spoken to a broker, we were informed of new processes when remortgaging that include a application to H2B, an admin fee, solicitors required etc, letting us know that the only difference in process when…
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New rate reduction, how long are you waiting?
Got a text saying after reduction of BOE interest rates (I'm on a tracker rate currently thanks to Lizzie's budget disaster) they are reviewing rates and new rates will apply from 25th August. I think over 2 weeks to enact a 0.25% reduction is a bit long isn't it? What have your experiences been?
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Porting mortgage with current lender with repo
Hello, Currently on a fixed term joint mortgage with Barclays - my husband had a sole mortgage on a property that was repossessed in Jan 2020 as detailed on credit report. We are looking to move property and have found a mortgage broker that has been able to get us a mortgage with a specialised lender. My question is,…
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Gifted Deposit
My Sister and I are buying a house with a NatWest Mortgage. Her long term partner of 20+ years is 'gifting' a deposit of £55k. He will live in the home, but doesn't want to own it. He is much older than my sister and doesn't have enough working years left for a mortgage - we are all very mature adults lol My sister and I…
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Mortgage & renovations question
Is it possible to buy an an unmortgageable doer-upper property for cash. And then six months later, obtain a residential mortgage for around £75k to fund the needed renovations? Or is there a similar type of loan that could be paid back slowly and at a competitive rate? Would the vendors of such a property want to see…
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I can’t wrap my head around this, help!
Back in April I locked in to a new 5 year rate of 4.24% on a mortgage of approx 45k to run over the next 20 years. All sounds pretty straight forward. In the last month of the previous term I paid 15k off, avoiding the ERC from Nationwide and the aim being to get 30k left to pay off within the 5 years and clear it with…
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Can a mortgage offer be amended if Rates fall
Hello all, I am a first time buyer and in process of securing a property. I am getting close to contract exchange, about a week back after discussing with my mortgage advisor (who works for the same bank that is the lender), I've had renewed my mortgage offer. However, upon checking today, I've come to know that the rates…
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Mortgage company error
Hi there, Hoping someone can set my mind at rest over the weekend. So I have 2 months mortgage arrears (just paid off 1 month was 3) and have agreed a payment plan for three months.. Sept, Oct, Nov and then another chat.. im happy with that and feel I can meet the payments. They’ve told me the next stage would a final…
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Help needed with Mortgage Application
Hi everyone We are presently going through a full application with Kensington Mortgages, however hit a hurdle today…! Throughout the week I’ve been supplying them with various documents. One request they had was for an employment reference from the ‘company accountant’. I am employed in my parents business and we only have…
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Renovations Query
Based in Scotland and have begun the process of a velux loft conversion being done. We have informed insurance and Building Warrant was approved by local authority with all regs being adhered to, however we hadn’t informed our mortgage provider (Nationwide) through no reason other than we hadn’t thought to. Is this a…
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How to get current home value from Barclays
Hi! We're looking to remortgage in November and want to pay off enough that we can hit the 75% ltv rate. Does anyone know how we go about finding the value of our property as online valuations seem way off. We're with Barclays and have been told it will be a desktop valuation as it's only a rate switch. Thank you
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Mortgage finances advice - moving in with parent & debts
I wondered if anyone can help with this situation? My elderly mother and I are planning to sell our individual properties and move in together in a larger house. We've found one that is perfect with an annexe for £450K. Her property has already sold for £335K. She has £120K equity release to pay back from this, so a total…
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How bad are our chances?
Due to a rent increase, me and my husband are considering shared ownership to get on the property ladder. Yes I know it’s not ideal, but even with rent + mortgage it will be less money than the new rent amount, for a bigger, better house that we don’t need to ask permission to decorate and that is more secure. We would be…
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Freehold property subject to a leasehold on the basement flat
The fixed rate on our Halifax mortgage is coming to and end
next year, so we were just thinking about options when it comes to finding a
new deal. We have a bit of an unusual setup. Our building is
essentially a semi-detached house with a basement flat which has its own
separate entrance. We own the freehold for the entire…
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My monthly payment amount
Hello would appreciate some advice on how Halifax have come to this figure for my monthly mortgage payment as I’m shocking at maths to be honest….. So as of today….. Term remaining 4 years 10 months Outstanding balance is £27,743.03 Current payments are £587.69 on the 28th of the month Current interest rate is at Halifax…
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Nationwide mortgage issue following valuation on old cottage
Hi, so we're in a bit of a muddle and wondering if anyone has been in a similar situation and can offer some reassurance/share some advice? We've had an offer accepted on a small converted barn (converted about 10 years ago), solid walls of flint with some brick. Valuation survey said we needed further surveys on damp and…
