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Any Solicitors on here to tell me if this is possible before wasting my time?
So... heres the score.... I have been gifted my parents full house. Just my dad left now. He has another 2 houses and lives comfortably so doesnt need any other income from that house etc. My plan is to remortgage the house upto 75% of the value and use that money to director loan to my property business so then i can use…
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Do I have to use L&C recommended solicitor?
Hello, in need of some advice as being heavily "encouraged" by both my L&C mortgage advisor and my estate agent to use their recommended solicitor which is stressing me out no end (as an easily persuadable person!) Having looked at the L&C recommendations and their reviews I feel much more comfortable using the EA…
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Lower term or overpayments
Hiya everyone. I have been offered a 2 year fixed mortgage with a 4.77% rate through a mortgage broker, this is reducing my mortgage term from 16 years and 4 months down to 13 years. I have also been offered a 2 year fix with a 4.6% rate from my current mortgage supplier Halifax but keeping the term at 16 years and 4…
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Renewing Fixed deal: two, three, or five years?
Hello everyone, This might be a silly question (I see similar questions been asked over the last few months), but I still want to get your advice - just to decide myself and stop getting worried about it. My fixed deal is coming to an end at the end of December, and I need to think about my options: Value: 177k;…
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Repaying Help-to-buy - Land Registry Deed Issue
Hello, I’m seeking advice on repaying my help-to-buy loan in full before
interest starts accruing in December when my Land Registry Deed isn’t in my
name. I have the funds available due to accumulative savings over the past
five years and can provide transaction history. I’ve paid for a RICS valuation
report, which…
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Does the conveyancer always need hard copies before completion?
I was emailed the occupiers consent and mortgage deed forms to sign and return by post today (Friday) ready for exchange and completion on Monday. Obviously once they have all all been signed and witnessed I will scan and email back. But it says to return by post so I am wondering if I should a) drive the 7 hour round trip…
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income/debt
Hi all, I was wondering what is better to pay off.
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Mortgage offer declined
Has anyone been in a situation where the property they were buying the owners had built on land that turned out not to be their’s to build on in the first place? They’ve tried contacting owners but heard nothing back so indemnity insurance isn’t an option so have asked their lender (Natwest) if they will still lend if once…
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Borrow from mortgage overpayment or liquidate ISA?
Hi - thanks in advance. I have a car and the finance is ending soon. I’d like to keep it and the final payment is £10,500 due 21/10/2024. Currently I repay £230 a month. Personal loans are looking at 6.1% for me. All will be £1000+ in interest. I thought of borrowing from my mortgage overpayment reserve. I have a mortgage…
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Overpaying Mortgage to Reduce Pot but Retain Borrowing Power
Morning, We have been overpaying our mortgage by a significant amount (the overpayment is larger than the monthly repayment) each month since we moved to this mortgage 2 years ago. We are on a 10 year fixed term at a good rate. We are lucky to be in our forever home, have a good stable income and are in our late 30's with…
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Credit history with fully paid accounts affecting mortgage app
I’m wondering if anyone here has an experience with applying for a mortgage with an excellent credit score but not as good credit history. I am looking at applying for a mortgage imminently - £120k joint income, £100k deposit and 1 car loan (my partners) so on the surface we should be ok! However, I have credit file…
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Selling house to pay off mortgage , can we be evicted if it takes too long
Due to major money issues some years ago we switched to an interest only mortgage and have never had any way of paying off the mortgage. It has always been our intention to sell the house to pay it off. Not ideal, but it's all we can do. There is plenty of equity in house so that's not the issue. What I am wondering is, if…
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Santander mortgage application
Hey! FTB here. I wanted to hear everyone’s experience with Santander? How was the mortgage application process and how long did they take? My current timeline is the following: Our broker sent our mortgage application on the 13th March and so far the lender has done the following checks: 05/03 - soft credit check…
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Third residential mortgage help
Me and my partner have: A. 1x permissions to let air bnb worth £400k(mortgage is £90k) B.1x residential mortgage where we both live,(worth £350k, mortgage is £95k) that will be rented on a permission to let when we move into the property we are trying to buy (C) C.A cottage worth £405k, we have a £160k deposit to put on…
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Need to extend my mortgage to clear debts but have been declined
Hello, I am looking for some help and guidance please. My husband has accrued some debt, but we have a lot of equity in our house. I tried to apply to Halifax to extend the mortgage on our house to clear the debt, but we have been declined due to the level of debt. It feels frustratingly like chicken and egg. I have some…
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How long does an Occupiers Consent Form take to be sent by lender? Currently delaying our exchange
We are FTB and our purchase has had issues with the chain for a few months now that have been out of our control. At this point, we were told that our seller's solicitors are expecting an Occupiers Consent Form to be sent form their lender before we can agree on an exchange date. Everything else is signed and ready to go.…
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Remortgaging or Loan for Home Improvements?
Good morning guys, Newbie on the forum looking for some advice please. I own my own house, a three-bed former council house which I purchased under the right to buy scheme in 2019. The house is valued at around £95/£100k now, but at the time the council valued it at £80k, selling to me for £33k with my right to buy…
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Bad credit shared ownership and mortgage
Hi, First time posting and really hopeful for some much needed advice. I am in the process of selling my property and I'm in 40k worth of debt. This will be paid off on completion but I have really hurt my credit. It's very poor with at least 2 ccjs as of last month. My money is tied into the property and I'm grateful that…
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Overpayments and early repayment charges
I'm thinking about taking a 5 year fix with Nationwide. If I overpay the maximum amount each year without incurring an ERC (and opt to keep monthly payments the same), I calculate that the mortgage will be cleared after about 3.5 years. Would I then incur some sort of charge for clearing the mortgage before the 5 year fix…
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Does overpaying reduce term length?
A ridiculous question, I apologise! But this is a safe space...? :# So I discussed this with my mortgage broker and mortgage lender before making a lump sum overpayment, and obviously my partner and I discussed it extensively. So it is a bit embarassing if I have somehow misunderstood this. This was a lump sum overpayment,…
