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first time buyer ( poor credit )
Hi, I am new to this, but would really appreciate anyones advice. My credit rating was a bit damaged last year due to one thing and another, but I am now in a situation where I would like to get on the property ladder, but un sure where to start. Does anyone know of a good lender which will lend with my bad credit history?…
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Buy to Let (Live in and rent rooms)
I'm a single bloke trying to get a bigger house, I want to buy a 2-3 bedroom house to live in and rent out the other rooms. Can I get just any kind of buy-to-let mortgage or are there any special products for my situation?
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Is high switching fee justified when staying with same provider?
Hi, I changed mortgage product but stayed with the same provider when my fixed rate and tie in ended. I was charged £395 product fee (fair enough) and £250 switching fee, total £645. If I went elsewhere I would've been charged a £295 exit fee on top of the product fee of around £400 from the new provider. So, it would've…
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Replacing existing morgage with lower rate Morgage
Hello guys I have been advised to look for better offers regarding morgage rates then my current provider. I recently taken out a CC to transfer my balance, i was wondering if my financial advisor gets me a better morgage deal will credit searchs be performed? and me taking out a new CC impact this? i was thinking of…
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Remortgaging - Overpay or Reduce Term?
Hi Please could someone give me some advice? We are in the fortunate position now we have paid off most of our debts to be able to overpay on our mortgage (still 22 years left!) We are planning to remortgage and i cant work out if it will make a difference to the cost if we leave the term as it is and overpay each month or…
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AIP/First National
We want to get our mortgage with first national (self employed, only two years accounts, first year was much lower than this year, not the best credit record). Spoken to our mortgage broker who says the AIP is valid for 30 days? That's not very long... I seemed to think AIPs lasted for 3 months, am I wrong? Also, First…
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What could i borrow?
Hi could anyone advise me as to how much i could borrow. I earn approx £33,000, and have no real outgoings. I am looking for a 100% mortgage I was hoping for around the £130,000 mark. Is this feasible. Thanks
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Mortgage options for those on temp contracts?
I recently resigned as a head of dept in a secondary school, in order to do supply work and improve my work life balance. Even though my supply work is nigh on guaranteed my current lender will not entertain a re-mortgage now that we have sold our house, leaving me with a 2k redemption fee. My bank have said I am ok for a…
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Exchange of Contracts?
Can a lender request, refs, checks after Exchange of Contracts? :confused: As I could, loss my deposit, due to time scale!
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Urgent - Please Help
I didn't quite know where to post this so forgive me. I have just registered for my credit expert account in order to check my details as I am applying for a first time buyer mortgage today. However, I am severely concerned. My credit report states that our house (mum and dads) is not present on the voters roll which is…
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Discharged bankrupt but need to remortgage
I need a spot of assistance and cannot find exactly what I'm looking for in all the "bumf" I've got and have been advised to try the mortgage board…… One of my sons has decided to get married and of course, he's got nothing. We are thinking of remortgaging but before we do, we need to know if the OR is going to pounce and…
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Help Pay off a fixed rate mortgage
Hi, I have a small Alliance & Leicester fixed rate mortgage with 2 years of terms to go, i want to pay it off but the early repayment charge is over £1800, is there ant way to avoid this crazy charge.
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Help with INTEREST ONLY MORTGAGE
'evening all, Hope someone can help; we are hoping to borrow £280000 on a property worth £315000 - over 40 years, interest only to keep payments down for 3 years, when Mrs OS goes back to work full time. We need a mortgage provider who does not require proof of repayment vehicle, as we will be making capital overpayments…
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Broker won't get back to us - can we go it alone??
We contacted a broker before Christmas as we were getting ready to buy a house but we wanted to wait until our current mortgage's fixed rate ran out (now!!) Then a few weeks ago our previous Broker contacted us to tell us our mortgage was due to expire and I contacted him and explained we wanted to change our current…
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Options re surrendering endowment
Having contacted our endowment co to surrender the policy(no-one wants to buy it!) we were offered various options: a)Surrender value £9012 b)we could 'pay it up' and keep everything once it's mature(Not paying any premiums)Not sure how much this would leave as a final payout-they are going to send me the details. c)we…
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buying/selling/debt/mortgage headache
Hi We've got about £30k of debt. That's £12k unsecured loan, £9k 0% credit card balance, £2k overdraft, and £7k 0% loan from parents. The repayments are high and we're seeing our debt climb rather than fall. However, we have £65k equity in our house (mortgage is £120k and we've had an offer of £185k). Our plan was to use…
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Charging Bank for late re-payment
OK, I've just re-mortgaged using L&C, as recommended by Martin, and I exchanged on the first of this month. Now, my mortgage payment to my original lender went out on the 31st of Jan and I exchanged on the 1st with my new lender, but I only got my original mortgage payment back today 15days later. Now, if I hadn't paid my…
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International Currency Mortgages
Hi All Does anyone have any experience of International currency mortgages, either in Jap Yen or Swiss Franc, held offshore? Would be inerested to hear of your experience as I am about to move a few buy to lets to this type of mortgage. Cheers
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Fee charging Brokers : Rebate Commission
1st things 1st..... If his goes against the rules in any way, MODS please feel free to close/delete. What I am wondering though is this I appreciate that there are some brokers out there who will charge a fee (say £200), adn then rebate the commission they recieve for placing you with a particular lender. I understand how…
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First time mortgage help, Self employed??
Hi I am looking for a Mortgage but I don’t know if I am classed as self employed or not. In terms of the Inland Revenue I am self employed ( I work as a contractor and pay my own tax) but I have a permanent contract with a company where they have to give me a months notice as with any other job. I do not get the benefits…
