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West Brom mortgage application
Going through an application with West Brom. Just wondering how people’s application processes went? Along with that My husband is self employed and we are moving 3& half hours away back to where I’m from. He works in both areas I’m just anticipating their objections to sustainability. His bank statements show he is…
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Mortgage Advisor and Mortgage help
A bit about our situation first: -We're currently renting but want to buy as renting is not long term anymore. I work full time in Brighton, I've been there 20 years. My salary is £37,099. I'm 49 years old. My partner is 69, works full time, but looking to retire. He's been with his company 7 years, on around £23k, he gets…
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Natwest Mortgage Timeline - FTB Query
Hi all, long time lurker here making my first post. I'm a first time buyer (just me purchasing) and have had an offer accepted on a house, and have applied for a mortgage with Natwest directly (no broker). I have an AIP which covers the amount I need and I am putting down a 5% deposit. I just have some questions on the…
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Help- mortgage valuation significantly less than offer price
Hi all, Our mortgage evaluation came back today significantly lower than the offer price. Originally house on for £400,000 lots of interest as modernised with new extension etc. We got the highest offer or £420,000. Houses don’t sell in the street often and not a bad area so popular. Unfortunately the mortgage valuation…
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Underpaid final bonus on Endowment policy
I had a Low Cost Homebuyers Plan which matured in 2017. I have just had a letter from the provider informing me that the amount of the final bonus they applied was too low, apologising and informing me I am due an additional policy value of £658. This was obviously a nice surprise but I am very annoyed that the added…
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Stick or twist - new mortgage due to start 1st May!
Hi, thanks in advance for any advice We secured a rate of 4.84% 2 year fixed with our existing bank NatWest. The new rate is due to start on the 1st May. Given the BoE are seemingly going to drop the interest rate on the 9th, does it make any sense for us to take a gamble by terminating the new deal and going on to the…
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Recommendation Mortgage Advisor
I'm looking for recommendations for a whole-market Mortgage Advisor, who can deal with a not so straight forward mortgage application and who is willing to communicate via email, not telephone as I'm partially deaf and understand things better in written form. Thank you
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West Brom Application Process
We put our application in this morning and this has happened already. Any experience with West Brom from anyone? Does this mean they are happy with our documents and if all goes well with valuation we will get offer? It’s happened sooo quick I’m unsure how good it is. Is it too good to be true? Thank you!! X
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Going 'interest only' for a while to clear debt?
Just wanted to run this past you lot. An idea I had as an
alternative way to clear some residual debt. Please pick holes in the plan, as
always your feedback and guidance is valuable. My current mortgage situation- house value around £475k /
mortgage balance £100k / debts around 7k, terrible credit history but all
payments…
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Share of mortgage for divorce
Hello, I’m hoping someone may be able to help me with a question about my share of the mortgage. Me and my ex husband are about to apply for a financial order to split up the house and hopefully result in me buying him out. The mortgage was a complete 50/50 share until January 2022, when our relationship ended, from that…
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Remortgaging - help and advice please!
Hi, Looking for some help/advice on my current situation with myself and my partner, ahead of possibly moving mid 2025. We are currently working off some debt she accrued during Covid, when not working and current situation is as shown below. Looking for any advice and guidance really as don't want to start any formal…
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Residential Management Group (RMG) Contract Vs Lender (HSBC)
Has anyone successfully bought/is buying a property subject to a RMG estate management fee contract and been able to secure a mortgage? HSBC will not lend at all, not even with an indemnity policy, unless there's a deed of variation - which the company is reluctant to agree to. We are desperate to resolve this any way we…
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HSBC Mortgage on a property with estate rentcharge
Hi, We were due to exchange this week for completion before Christmas on a property built 3 years ago and were advised by our solicitors that the property has an estate rentcharge. Our solicitors have advised that this can potentially delay our completion as our lender, HSBC is known in the industry to have very stringent…
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NatWest acceptable form of income (Child's DLA)
Hello, I would like to know does Natwest accept a child's DLA as acceptable form of income if one of the parents receives it on behalf of the child?
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Remortgaging and charging orders
Not sure I have the right section! Anyway Years ago my ex had three charging orders placed on our house at Land Registry. We jointly owned the said house at the time. Let's fast forward a few years! He was made bankrupt not too soon after the said orders were placed on the house so I bought his beneficial interest off the…
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Help me please
Please can anybody help me. Ive been on an interest only mortgage for the past 9 years at the time i was thinking off moving but my bank advised not to fix it. I rang and asked them if i could port my mortgage across to my new address and they said yes but with no additional borrowing and to ring up with my new address…
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Should I pay off my mortgage
Hi all, My current fixed rate comes to an end this month. I have already sourced a new 2 year deal at 4.54%. Circa £50k left on mortgage with 6 years to go. Recently came into some money, so could pay off the mortgage and still have some leftover. I could pay it off before the new deal kicks in and therefore no early…
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Is settlement vs savings simple maths?
Grateful for help and apologies for the daft questions… I have enough money saved to pay off my mortgage balance - so my outstanding mortgage balance and my savings are the same amounts. I’m on a fixed term repayment that will end in a few months. My savings are in tax-free (cash ISA) paying around 5% - I expect any…
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Purchasing a leasehold with no service charge and ground rent
Hi All, We are FTB who recently had an offer accepted on a flat, however I am concerned with this being a leasehold. At first I thought the idea was brilliant, no service charge and ground rent but when thinking about this I am wondering if this all sounds too good to be true. I have spoken to estate agent to get more info…
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4 months into a 2 year fixed - should I switch?
Hi, looking for advice before I speak to a broker please. I'm wondering whether I can get a better mortgage rate and borrow more - either with my existing provider (Kensington) or a new lender - even though I'm only 4 months into a 2 year fixed. I bought my first home in Dec 2021 with a 2 year fixed (around 5.5%) with…
