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First time buyer questions-underwriting
Hi, So i am in the process of buying my first home and we are currently waiting on underwriting (halifax) what is the usual time scale and order that things are done? So far we are nearing 2 weeks since full submission the bank had a valuer at the property yesterday and today they have performed a second full credit check…
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Remortgage for 2 yrs or an 18 month loan
One 1 of 2 of my mortgages expires in Aug24 with 18 months on it. Nationwide will offer me a 2 year fixed rate, or I could let it fall onto the 7.99% standard rate. Come August, there will be £10.5 left on it.I'm considering moving the remainder onto a loan which have rates of 5.9-6.2%.Does anyone have any advice and once…
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Remortgaging shared ownership
Hi all, My mortgage is coming up for renewal in July, up to now I have kept with the same lender by product transfer, so no credit checks. My house value has gone from £169000 to about £240000 maybe more (zoopla estimate) since moving here and i have 40% shared, my finances have changed since the initial mortgage, I…
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Joint mortgage with brother request
Hi - my brother has been through a protracted, nasty divorce and wants to take over mortgage and remove his now ex-wife. All agreed by court etc. However, bank won't lend him money as he had a period of not-working (during mental health crisis during divorce). Is now stable and on decent money and covers costs each month…
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Semi retirement and my mortgage
Hello - first post here so I hope you bear with me. i am able to take my pension aged 55 in June, and return to work contributing to another pension scheme on reduced hours. The new pay combined with my monthly pension will be roughly the same as my current income. I have a Help to Buy loan which I intend to pay off in…
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Residential into BTL and viceversa
Hiya lovelies! Trying to do the above (converting our current residence into BTL and move ourselves into what is now a BTL) and thought that it would be a somewhat straightforward process but it’s proving otherwise…😓. Current broker is L&C and we had just the residential application rejected. Excellent credit scores, loan…
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Pepper money? Anyone have any experience good or bad please
Just wondering if anyone has any experience, good for or bad, of Pepper money for UK market. When googling only negatives are apparent. I’m certain that’s not a true reflection of a company as most people I think only tend to review if they’ve had a bad experience. Anyone?
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Repossesion
I had a home repossessed in the recesssion of 2009 . I have now £190000 to put down on a home . I have no defaults or ccjs standard credit history will I still struggle to find a mortgage? Looking at borrowing £110000
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Anyone with a 25 year endowment which matured recently ?
Just curious as I have one with Scottish Widows which matures a year from now which was for 40k. Remember 24 years ago the RBS telling me that I would double my money !! Oh to be so young and naive again :D Guessing I will get 25/26ish k back.
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taking ex off the mortgage , i have an issue with the solicitor, help needed
hi everyone, bit of background on my situation , bought a house with my ex 2 years ago , we split and she moved out 9 months later, we agreed on how much i was to give her and everything going fine, had my mortgage offer from the bank to put in my soul name around June 2023. i then got a local solicitor to do the paper…
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Ex refusing transfer of equity
Hi all, need help! Bought a house (equal rights) with my fiancé 18months ago and we broke up a year ago. I’ve offered to transfer my equity/share of mortgage to him and remove my self from the title deeds walking away with £0 just to get rid of him and anything to do with the house. He is refusing to do so, saying he won’t…
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ERC refund - minimum time between transactions
Hoping someone can help my tired brain. I can see online that Halifax will refund an ERC if you take out a new mortgage with them within 3 months of paying off your previous mortgage. What is the minimum timeframe to complete on the new place for them to deem it non-simultaneous and therefore allow the refund? Thanks!
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Mortgage shortfall
Help just received letter from hessonite mortgage saying I owe £14000on house repossed 11.5 years ago is there anything I can do
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Mortgage on a static caravan?
A friend lives in a rental property and wants to buy and live in a static caravan on a proper residential site. Do lenders do mortgages for this?
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Stamp duty when buying in to partner's property
I'm struggling to find good resources online to self-educate ahead of speaking to a solicitor. Does anyone have insight on the below, or anything related that is worth knowing? Thanks! As far as I understand when buying into a partner's property you must pay stamp duty (or Land and Buildings Transaction Tax (LBTT) as in…
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NatWest Mortgage Application Timescale 2024
What is current time frame from start to finish on a mortgage application with NatWest?
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Santander extra borrowing - extra picky?
Hi, just wanted to run this by the forum, see if this seems sensible to those with more knowledge than us. We currently have a mortgage of £72k, on a home worth roughly £160k - and are 18 months into a 5 year fix with Santander at 3% (Lucky we re-mortgaged when we did!). We have around 18 years left on the mortgage, and…
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How does it work..
So I’m currently in a deal until oct 26 with Halifax and have savings which I’ve locked away to get the best savings rates as currently my mortgage rate is 1.4 or thereabouts. I would like to know if I waited until the end of my deal and get changed to the SVR can I then make a larger overpayment without penalty then take…
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Remortgage calculations
I haven’t been around this forum for a while but I’m hoping someone more knowledgeable on here can help with our remortgage dilemma. We currently owe about £189000 over 26.5yr. We can product switch with Halifax 2 year fix £1090 5.19% 5 year fix £1026 4.61% We haven’t found a product with another lender that we think would…
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Mining Report Query from solicitor
Hi all, Need some advice or previous experience from people who have been in the same situation :smile: So my solictors pa rang me as well as emailing me the following : "In relation to your search reports, we have reviewed the mining report and notes that a subsidence claim was made within 50 meters of the property. This…