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New Mortgage - Need Advice!
Hi Everyone This is the first time that I have posted on the site, so please be gentle with me! I am in the process of splitting up with my long term partner and need to take out a mortgage in my name for the first time. However, due to adverse credit problems this is proving daunting. A quick outline is: Despite being in…
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mortgages with tax credits
Hi I am looking for a company that will include my tax credits when calculating my income. I know the halifax do (or at least used too) but I also need a 100% mortgage I dont have the best credit history - a few late payments, and last time Halifax said I could have one- through Birmingham Midshires, but they wanted a 5%…
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Valuation and Survey Fee's
Hi All, I'm struggling a little bit to understand the fee's i'm going to have to pay when buying a house and selling my flat. I have had solicitors quotes of £440 for selling the flat and £839 for buying the house. Ontop of this there will be the estate agent fee's of £1395 + VAT. A mortage reservation fee of approx £399.…
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Halifax - Short And Curlies!!
Hi all just come off the phone with the Halifax after a mammoth re mortgage review. Bimey!! It started like this - Hi, would like a review of my mortgage and would like to increase the amount borrowed when I remortgage. I was asking for an additional 8k. But only as a total sum once my existing fixed offer ends with them.…
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How long is a mortgage offer usually valid for?
Hello, My partner and I have submitted an application to Nationwide and are currently awaiting their response. My question is, should we be successful in receiving a mortgage offer, how long will this be valid for?? We are awaiting the completion of our new build flat and have been given an estimated entry date of Middle…
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How long is a mortgage offer usually valid for?
Hello, My partner and I have submitted an application to Nationwide and are currently awaiting their response. My question is, should we be successful in receiving a mortgage offer, how long with this be valid for?? We are awaiting the completion of our new build flat and have been given an estimated entry date of Middle…
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Can I take a months payment holiday.?
Hi all Just thinking out loud and cant check my paperwork at the moment as I'm at work. I am with the Coventry BS with a fixed term mortgage which ends next September.Never missed a payment. On the off chance does anyone know if this type of mortgage offers a months 'payment holiday' which would be a massive help this time…
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deposit or pay off debt
All, I really can't decide what to do - here's the issue, any help appreciated. We want to buy the flat we currently rent. We're hoping to get it for 190k. We have 5k of free funds available. I have 6k that I could also use thus making a 5% deposit. However my partner has a load of debt so would it be better to get a 100%…
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re,-shared mortgage advice
i posted another thread were my dad was going to come on a mortgage with me and 2 friends but not live with us.anyway found out dad cant be on more than one personal mortgage by law.so he is remortgageing his own house to free up 40k,he will give us this for our deposit. we are looking at a 160k house,so put 40k down and…
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All sorts of income - is anything possible?
Hi all, Just wondering - I would love to buy my council house (would probably cost me around £100,000 after the max discount) and have lots of little bits of income that add up to quite a reasonable amount! Mainly, wages £7500 pa (worked for the company for 2 years, but doing it on a 6 month at a time temporary contract so…
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Retaining Money
We recently placed a bit for our first home. We applied for a 95% mortgage on £100,000 (agreed price) and received a AIP. Survey was sent out which recommended another survey. This survey did say though, should work be completed, property would be worth £100,000. A structural survey was completed and said £2000 worth of…
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Why doesn't anyone want me to pay off my mortgage??
:confused: I had a review of my accounts today with my bank and when I told them that I will be in a position to pay off my £40,000 mortgage next June they tried to put me off?? They are going to contact me to give me the lowdown on offsetting my savings against my mortgage in effect giving me an interest free mortgage. I…
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Self employed, First Time Buyer - What are my mortgage options?
I'm a FTB looking to get on the property ladder, problem is I'm self employed and I don't have proof of income. The most I can get together for a deposit is 5 - 10% I've been looking at mortgages and the only mortgage that it looks like I could potentially get is a self certified mortgage. Are there anymore options for…
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Early repayment charge.....?
Hi everyone, looking to sell up in march but this will incur an early repayment charge of three months interest at 5.29% i'm currently paying £363 per month in repayments excuse my ignorance but could someone work out for me how much i'd have to pay regarding the early repayment charge, as i don't know how to do…
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BEWARE Higher Lending charges
Our IFA is my fiance's father, and so is extra vigillant when helping us with our mortgage. We were accepted for a mortgage this week and were most surprised to see a higher lending charge of over £1600 when we knew full well that OH's father had done a search that excluded them. :confused: We eventually got to the bottom…
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Million Dollar Question: Cash in Endowment to pay off debts....?
Does anyone have an opinion on this scenario...? Me & my husband have suffered a low income year (me at home with baby / him starting a new business venture!) We are toying with the idea of surrendering our under performing Standard Life endowment with two objectives: (a) Pay off our loans so reduce our monthly outgoings…
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When is a mortgage 'certain'?
My boss has been a bundle of nerves since beginning her remortgage. She has the formal offer and in theory there's only a week or so to go before completion and release of funds. Her broker is incommunicado with illness so she has nobody available to consult - and she's wondering whether the lender is now 'committed' or…
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Base Rate Tracker - good?
We owe £109,000 on the mortgage (probably about one seventh or less of the property value) and the Alliance and Leicester have just put us on one of their 'standard' repayment products which is 0.8% above the Bank of England base rate. This is costing us well over £800 a month. Should we stay or should we look elsewhere?…
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Best Interest only 5yr Fixed - any ideas ?
Hi Everyone, We are shortly (in the new year) going to start the ball rolling and move house. Unfortunately, of course, interest rates have just gone up, but I was wondering if anyone had come across any good fixed rate mortgage deals recently? I will have enough deposit for <85% LTV (probably 84%). I would like a fixed…
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which is cheaper????
Im hoping someone with a good sense of maths and calculations can help me. Im looking to remortgage my home in january as my fixed rate comes to an end in january. I will have £56000 left to pay at end of january. My current provider (nationwide) has come to me with an offer of A fixed rate of 5.18% for three years with a…
