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Stamp duty confusion
Hi all, wondering if someone can help with stamp duty confusion. I have my own house and mortgage (worth £185,500) which I intend on renting out temporarily (I have applied for consent to let). I am going to move in with my partner and contribute to his mortgage (half). We have passed affordability checks and I am…
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Gifted Deposit Vs Genuine Bargain Price
Hi everyone, It was suggested I post on here as there are some brokers on this board. There is trouble that I am having where my solicitor wants me to use a Genuine Bargain Price Application, but my broker is adamant that I should use a Gifted Deposit application. And this has been going on for two months with neither side…
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Can you join with a friend to go half-ers on a mortgage?
Giving each other 50% of the home? One of us (say me) will live in the new place until it's paid up (possibly even after that but who knows). Looking at a relatively low value property say £120k Thanks Paul
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Using a LISA towards an unencumbered mortgage on my partners house
Hi all, this is going to be pretty niche so please forgive me for the waffling! The crux of the question is can I use my Lisa towards a new mortgage being taken out by myself and my fiancé, against a house that she owns outright. My fiancé's parents remortgaged their house just under 6 years ago, when she moved to…
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How long do I wait to make a mortgage application if I've just got a new CC?
Hey, I wanted to start a mortgage application. Have 95k saved deposit, earn 56k, no student loan, pay off all CC debt in full every month so no missed payments, first time buyer and it's a single application. My slight issue is that I decided to get a new credit card with Amex as it was giving me a good initial limit of…
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Closing and opening utility accounts - impact on applying for mortgage
Hi all, After a separation, I am faced with having to rent as short term as possible while trying to arrange a new mortgage. This will involve: * Closing utility accounts on the property I am leaving (or just taking my name off as ex is remaining - not sure if that counts as closing the account?). * Leaving a mortgage on…
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Temporary switch from capital repayment to interest only (selling house and relocate abroad)
Hi everyone, I hope if anyone can help me or provide some insights/advice? I have received an offer from my old boss and I'm moving to Dubai for work. Hence i'm selling my house in London. The house selling process is not really great at the moment. Lack of viewing and no one put an offer yet so I'm starting to get a…
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Possible to have a Deed of Trust showing different shares of the mortgage principle?
Hi, My partner and I are due to remortgage and will be doing some big renovations around the same time. We're tenants in common with 50:50 mortgage payments and 50:50 equity, covered by a Deed of Trust. We want to keep the same equity split for the foreseeable future (perhaps but maybe not changing on marrying/having…
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Do Offset/Flexible/Current Account Mortges no longer exist?
Where the rates are comparible to standard mortgages and allow either a savings account to negate the interest so you can withdraw when you want, or similar by overpayments and underpayments/withdraw money as and when you want up to your limit.
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Refinance loan before mortgage to improve affordability? Or complete madness?
In the next 2-3 months we're looking to purchase our first home. We've been through our finances with a fine toothed comb, have a deposit saved for 90% LTV and credit-wise we're ship shape: no missed payments, CCJs, etc. We've paid off a credit card and just have a loan outstanding which we took out early last year to buy…
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A Shade Greener Leased Solar Panels
Hello all, Just wanting some advice please. Currently buying a house with solar panels which were installed by A Shade Greener. The seller states she doesn't pay anything for them and she's had them 10 years and has 15 years left of the lease. She says her bills are dramatically reduced, and what ever energy is left is…
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Going to apply for a mortgage in the next two years should I switch current accounts
Hi, Looking for some advice please I'm going to apply for a mortgage in the next two years. On my current account there is some gambling transactions but I've stopped that now for a while. However I think there would be a possibility through OpenBanking down the line when I apply for a mortgage these would flag up but…
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Using rent to pay another mortgage
Is this possible / feasible? I own a flat fully paid for & I could rent out to for about £1600. Could I buy a small house for about £120k and just use the rent on the mortgage ? Eventually the 2nd place would be paid for
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Aldermore mortgages/ experience with adverse credit
Seeking if anyone has had any similar experiences. I currently submitted my application with Aldermore on 24.03.25 and today 28.03.25 had the evaluation done. Aldermore came back with a couple questions with the application past address and one regarding a dmp which never crossed my mind as I’ve been paying it back for 2…
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ap1 form box 4 and 14
hello, I need a bit of help completing the Ap1 form that i am completing on behalf of my wife. Her mother died quite a long time ago and we have been putting off doing the forms because of how difficult they are to complete. Her mother was the sole owner of a flat with no morgage, My wife and her brother have jointly…
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Mistake on credit file, will Santander reject my mortgage?
Hello FTB here. I got sale agreed on a house and applied for a mortgage through Santander, house has been valued and all going well until Santander asked for an Experian credit report (I use equifax to check mine) long story short, it turns out virgin media have been reporting to Experian that I am in arrears with them,…
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Temporary switch to interest only mortgage, is it worth it?
I wonder if somebody could help please as I have absolutely no idea where to start with working this out Could anybody please work out how much we would pay for a temporary seitch to interest only on our mortgage for a period of 6 months & then what we may pay afterwards. Not even sure if its possible to work out tbh! But…
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Help please
Hi, I need some advice please. I have a 10 year fixed mortgage at 2.34% with 5 years to go, My original mortgage was for 145k on a purchase of 225k. My outstanding mortgage left today is 91k. My current house has been valued at between 280k and 300k. We are looking at downsizing to a smaller property. I have checked and my…
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Remortgage or Tracker Mortgage
Sorry for the dumb question, this is my first time buying and selling a property. I took a 2 year fixed rate on my current property in November 2023 so I assumed it would end this November. I spoke to my mortgage broker and told them that I would like to sell and he told me that my mortgage ends July 31st this year. My…
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Remortgage alone - is it realistic?
Hi all, currently divorcing. Have a joint mortgage and outstanding balance is £228, house value £290. Husband agreed to sign house and current equity across for me and children to stay. Stupidly I applied for a transfer of equity based on the current mortgage term/deal in view of extended the mortgage term from the current…
