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Bluestone mortgages
Hi our application with bluestone went in last Thursday and our valuation is booked for the 14th - is getting to valuation stage a good thing? We are first time buyers never in a million years did we think we'd be able to even possibly buy a house I just don't want to get too excited 😅 so any info or time lines would be…
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Remortgage but living abroad
Not sure what is likely to happen with this. Moved over to Australia but have kept our house in the UK. Have family living in it on the basis that they send me the mortgage payment each month. It means they have somewhere to live cheaper than what is available locally and my mortgage gets paid, so felt like a win win. When…
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Friends Provident International surrender and tax implications
Hi all, We have a Friends Provident International Pemier savings account that we were sold 20+ years ago when we were expats, it really does nothing for us and we are looking at surrender. Its a jungle out there with info so my question is what are the likable tax implications closing this account down, moving the money on…
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Transferring Mortgage to a Different Property – Advice Needed
I’m based in the East of England (London commuter belt). My family owns two properties. One belongs to me and has a mortgage of approximately £220,000. The other, owned by my relatives, is more expensive and mortgage-free. I want to transfer the mortgage to the more expensive property, making my property mortgage-free so I…
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Halifax - mortgage holiday impacts on credit?
Hi all, Will try calling Halifax tomorrow to get some info, but hoping people can give me an insight on what to expect. Our mortgage fixed term deal ended last month and our payments have gone from £752 to c.£1500. Our broker couldn't get us switched in time due to a range of factors, such as being in the process to get…
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Bank changing mortgage payments while fixed?
Just got a letter from Halifax saying they will be 'doing an extra check on your mortgage each year to make sure your monthly payment is on track. We'll do this even if you have a fixed interest rate. Please check your next annual statement to see if your payments will change' One of the reasons they give in the letter is…
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Life Insurance through Mortgage broker - Is it a rip off?
Hey.everyone. I've a feeling something isn't quite right with my life insurance. It was set up through my mortgage broker (which felt like a positive experience to be honest in regards to buying the house but I'm just uncertain about life insurance through them(). The mortgage has 24 years remaining and £67k left. The life…
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Shared ownership and EWS certificate
Is it allowed to buy additional shares in a flat if your block does not have an EWS certificate? Thinking of increasing my share by 10%. Currently remedial works are being done to meet EWS regulations. They are likely to take 12 months and sign off won't be a while. Also, does not having the certificate affect how the flat…
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Secured loan on title deeds from 1991
Hi , I hoping for some advice. We are trying to sell our late parents house and it has came to light that there were 2 secured loans still on title deeds. One from Bank of Scotland for their mortgage (paid off in 2004) and one from Avco trust (paid off in 1994). The BOS has now been removed but Avco trust ceased trading in…
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3.89% five year fix
Hi everyone My Santander deal ends on 3rd September and I’ve bagged a 3.89% five year fix as part of their product switch service. I will have £690k outstanding on a £1m property. I’m aware this is very competitive at the moment - certainly can’t be bettered by other lenders. However I’m nervous that rates will start to…
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joint buyer single proprietor mortgage in scotland
I want to help my son onto the property ladder. if I go down this route and enter into a guarantor type mortgage arrangement, will he still be considered a first time buyer? asking as it will make a huge difference to the lbtt costs (stamp duty). eg purchase price of £175000 = £0 for ftb or £11100 as an “additional…
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Credit check before completion - accord mortgages
Hi all, We have 5 days until we complete and get our keys!! Our solicitor is drawing down our funds on Thursday from accord. When will the final hard credit check be done? Or does this not happen with everyone? I keep checking my report. Im just worried as we have secured our broadband deal - which they have done a hard…
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Splitting Mortgage Payments Fairly
Hi All, My partner (M,27) and I (F,27) are in the process of saving for a house. We are keen to know what works for others/ others opinions when it comes to splitting mortgage payments/household bills, along with any pros and cons of each. Currently, we are both working full time, Mr earns more and is likely to keep…
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Mortgage won't approve buyer's mortgage due to 'unsaleable' valuation but already mortgage it!
Hi all, Our house buyer has applied for a mortgage with a certain company (not sure if you're allowed to mention company names!) It is a family member and all went well, affordability etc - until the valuer came out. He is saying that it is unsaleable as it's within a cluster of three homes down a track with farmland all…
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Lenders who will lend to less than perfect applicants
I have a list of companies who will lend to people with adverse credit histories. Am I missing any? Vida Bluestone Aldermore Pepper Kensington Kent Reliance Foundation Home Loans Darlington BS Bath Building Society. Are there any others? Are there any to avoid? Many thanks
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Self employed mortgage issues
Me and my partner are currently applying for a mortgage through the shared ownership scheme, the lender has asked us for multiple different documents back and forth and we have 3 weeks left of our 6 week exchange deadline!! He was the director of a partnership company up until December 2023 when he resigned. He still works…
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Mortgage Early Repayment Charge
Hi All, I just wanted to ask if anyone knows the answer to the below: "Is the early repayment charge calculated from application or commencement?" i.e. if my current deal expires on the 31st of December, and you don't have to pay the ERC if you're within 6 months of that date. but I plan to move so need more mortgage. Does…
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Shared Ownership - Affordability Calculator
Hi, We are currently looking at shared ownership, however my long term partner took out an IVA in 2021 - so the mortgage is just going to be in my name - its a low multiplier as well. When it comes to the government calculator after inputting all my data it comes out with a 48% percentage score which falls between the…
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Santander Hard Credit Check > Valuation
Hello, I have applied to Santander for a mortgage. I got my decision in principle, they did a hard credit check on me and now have arranged a valuation. Am I safe to assume I have passed the credit check part if they have ordered a valuation to be done post hard check? Thanks in advance!
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Nationwide valuation
We bought our house last year and ported a fix from a previous house. This fix is ending in June this year. We bought it for £365k and it was valued the same by Nationwide. In the mortgage tracker house value increased to £372k in March this year. I logged in to Nationwide this morning snd value shows £360k?! Is this…
