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Remortgage - Additional borrowing & Buy To Let conversion
Wondering if someone could basically give a blunt yes/no answer on if this is possible , and a good idea or if there is another way to go about it . So i currently live in a house I have a mortgage on , I initially took out a 20 year mortgage about 4 and a half years ago . Inittially I took a 3 year fix , and am currently…
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Shared ownership staircasing question
Hi, does anybody know how the shared ownership Mortgages work please? So my situation is I currently have a 25% share in my house I owe 23k mortgage on this and my share is worth 55k so I have in theory 32k equity. i am wanting to purchase the full house which has been valued at 220k in total which the housing association…
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RBS / NatWest product switchers be warned!
Hi everyone, I’ve found this site so useful over the years so wanted to feedback a current experience of mine. I recently entered the 6 month period towards the end of my fixed rate mortgage with RBS. I’m a Premier banking and business customer, so expected that maybe the bank would show a loyal customer (how wrong I was)…
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Mortgage enquiry dual citizenship with different name
Hello, I am in the process of mortgage application. However, as i have duel citizenship with different given name. My mortgage advisor said he needs to check it first. I have all the legal documents with my names. Anyone knows whether my application will be turned down? I am so worried these days. Thanks a lot!
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Would we get a mortgage?
Hello. I’m newly married and my husband and I are wondering if there’s any chance of getting a mortgage together with our complex circumstances: my age - 46 his age - 57 my income annually - £7k earnings + £6600 non means tested disability benefit his income annually - £35k earnings + £1700 pension my credit score -…
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First time mortgage
This has probably been asked loads but my lack of knowledge is not helping the level of anxiety so I was looking for some expert guidance. So I am a FTB. I have rented for 15 years and my landlord has decided to sell the property abruptly which has thrown me into a panic as I definitely wasn't prepared for this. The house…
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Remortgage with or without help to buy equity loan?
Hello, I bought a new build house some years back with the help of the government's scheme help to buy equity loan. The equity loan was £44K (20%) at the beginning. From year 6 onwards, I have been paying the monthly instalments for the equity loan which is interest only and doesn't count towards the loan. The house price…
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Equity release - BISF property
My parents want to do equity release on their BISF property. We haven’t had any luck finding a lender who will do this. It was built in the 1950s, which I think is the main issue. Has anyone else had any luck doing this and could recommend a lender please?
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Buying 50% equity
Hi guys. I own a house that I want my girlfriend to own 50/50. I'm so confused how she can buy into my equity and own half the equity and half the mortgage. House value £340,000 Current Mortgage £140,000 My equity £200,000 I rang my mortgage company who said I'd need to add her to the mortgage which I understand fully.…
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Can I stop paying my mortgage for a few weeks until the house sale goes through?
Hi. I've accepted an offer on my house (after an earlier offer fell through at the last minute). I'm in the process of buying a flat - net result will be that I will be able to pay off my mortgage (around £95k). In order not to lose the flat, I need to pay a 2.5% deposit and rent it for 3 months. I asked my mortgage…
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Remortgaging when value has risen significantly
Evening folks Time to remortgage in a year or so, but since we bought the house we have done a lot of work, including new bigger kitchen/open plan living space, extra bathroom, new utility room - plenty more too Zoopla has the estimate value already as quite a lot more than we paid for the property (not overly convinced -…
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Mortgage Annual Statement - Interest and Repayment of Mortgage
Hi All, I recently received my annual Mortgage statement and it breaks down my monthly repayments and then has a new line for balance adjustment where the take a portion of that payment for the interest payment. My question is: Why is the interest payment more than what goes towards my mortgage repayments? Basic Details:…
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Asking for a revaluation to borrow more whilst in the middle of renovations
Hi, I’m new to the forum and have read through a lot of threads which all contain great wisdom. I wonder if anyone can give some advice to me. We sold our house and bought a ‘doer upper’ in Dec last year, we ported our existing mortgage and borrowed more at the same time to undertake the renovations, we did it this way as…
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HSBC Mortgage application timelines
Hi All, I not found any recent HSBC mortgage application timeline that’s why I started new post. My application timeline as below. AIP & Application : 11th March 2021 Credit search : 11th March ( 7 time soft search & 1 hard search) credit search : 17th March 2021 Ask additional docs: 17th March 2021 Docs submitted : 17th…
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Nationwide application
Good evening, we had an AIP approved in June. Due to the fact that we don’t hold a British passport had to apply over the phone. Application was referred and accepted with 2 days. fast forward to now having accepted an offer on our property and having had an offer accepted on a property we want to buy our broken submitted…
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Virgin Money Credit Services
Hi Ive recently had correspondence from Virgin Money credit services in relation to my mortgage, which doesn’t contain their logo (which I find a bit strange) but also which gives a telephone number different to the one that appeared on all their correspondence until earlier this year and which is the one normally listed…
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Offset, Overpayment or Saving Account?
Hello, hope someone can shed a bit of light please? I have approx. £32k left on a offset mortgage 0.75% over
base (currently 5.75%) the property is valued at about £280k and I have 6 years
left. We have been (joint) with YBS for the whole term of the mortgage but never
been in the position to use the offset bit. We now…
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Nationwide Mortgage process
Evening, We’ve had our DIP from Nationwide and submitted a full application. A hard credit check was done upon application and a desktop valuation completed the same day which they were happy with. i just wondered if anyone knew what the next steps are and if it looks likely we will get a mortgage offer as they’ve done a…
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Mortgage broker messed up
I went through a broker I had used before to try to fix my mortgage before predicted rate rises and release extra capital for the building work we are undertaking. They had been bought out by a larger broker since I last dealt with them, but seemed quite proactive and helpful. I contacted them in late November, provided…
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Helping family out
I am looking for a bit of advice. I purchased my first home last year, and to be honest, the only way I was bale to do so is because my mum passed away, unexpectedly and I received an inheritance. My sister is honestly not very good with money and seems to have blown her way through most of her inheritance, already and is…
