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Mortgages & credit scores
Hi everyone, just checked my credit score and found that I was listed as being 'one month late or one month in arrears' with a mortgage payment due in April 09. I am on a deal of 0.66 below Base rate so the mortgate in question reduced to no monthly payment due from April. Just wondered if anyone else has had experience of…
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Mortgage to income ratio
Me and my wife are remortgaging and come £1000 over the threshold to the maximum mortgage to income ratio of 3.75 times our combined wages, which seems to be offered by most banks and building societies. I realise there has been a tightening of belts regarding this but I wondered if anyone knew of a bank or building…
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joint mortgage with ex ? what to do
i got a joint mortgage with ex bf about 10 years ago we had a bad split and i just moved out having no more contact with him.He was paying the mortgage through his bank the whole time,I am now married and don,t know what to do as i have left it so long any ideas where i stand with this
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Renegotiating a better interest deal than advertised
We are going to the bank tomorrow to finalise a mortgage deal and wondering whether there it is possible there are any other mortgage products that what is usually advertised. What I'd like to know for instance is whether anyone has ever negotiated any deal other than when the providers usually have listed. Have you tried…
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Buy to let help!!!
My girlfriend bought a house with her ex a few years ago, they split up shortly after buying the house but have been unable to sell. 12 months ago they made the decision to rent out the property. My girlfriend contacted the mortgage company, explained the situation and the company put them on a fixed rate fee of 7.5% until…
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Likely Reasonable Mortgage Size
Hello, hoping for a bit of quick advice. Fiancee and I are considering buying soon, need to understand how to calculate how far to leverage our finances. Both very lucky to be in full-time employment at 34k and 42k with house deposit pot at 32k, a seperate 5k moving expenses pot and seperate savings for wedding and…
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mortgage for 57 year olds??
I am 57 and need to apply for a mortgage for the first time, or rather I have not had a mortgage for over 20 years, when I sold my house and went into tied accomodation. I will hopefully be able to put a substantial deposit when my pension kicks in, of around £80,000. On a mortgage of £120,000 my bank quoted me very high…
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Halp! Mortgage application rejected at credit score stage!
Hi there, Advice needed please - went through an in depth credit score thing over the phone with HSBC, and I didn't quite catch why my wife and I was rejected - all I know is that it was a rejection, and the customer services rep said 'contact us again when your circumstances change'... What does that mean exactly? Its…
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first time buyer help
Hi all, just after some advice for a friend of mine:rotfl: him and his wife are first time buyers and looking for a mortgage, now she has a very poor credit history and normal lenders wont look at her twice. Her husband has a perfect credit record but only works part time. Would it be possible to Apply online for a…
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First time buyer mortgage help!
Hello everyone I am looking to get a mortgage with my partner and have a few questions about my credit rating and chances of getting a mortgage. I have two credit cards which I pay off in full every month. I could get rid of one or both of them, I only got them to build up a credit rating and ease my cashflow. Am I better…
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Can I boost credit score by temporarily halting the stooze?
A year ago I had an excellent credit rating, then got into stoozing and it plummeted to 'very poor'. I have since stopped any credit searches which had (as of last month) brought it back up to 'good' - around 930 on creditexpert. Now, I'm going to be applying for a new mortgage in order to move house this summer. It'll be…
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How long will it take?
Hi i was wondering if anyone can help, i am in the process of buying a house and have been applying for mortgages. I had a Halifax application in and they came back with a lower offer than i wanted however i could make the difference for the deposit so have continued with the application. However they keep postponing…
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Remortgaging at 85% LTV (115k outstanding)
Hi all, I was hoping to have some quick advice with regards to my remortgage. I have recently had my one bedroom flat valued at £135000 by my current mortgage provider (Accord) and they have made me a remortgage offer of 5.19%, fixed for 2 years. I have £115,000 outstanding, so it's a near LTV ratio of 85%. On this basis,…
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Reclaim charges of unsued portibility option on mortgage
Hi , Iam looking to see if i can claim back my early redemption fee built into my mortgage , i was refused credit but had options on my buy to let mortgages which amounted to 5k + on three propertys . the lender refused me credit so i couldnt port my mortgage to my new propertys . is it possible to reclaim these charges .…
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Best way to pay Spanish mortgage
Hi, We have a mortgage with a Spanish bank for our holiday home in Spain. We do not pay a fixed amount every month. We just make sure there is enough in the Spanish bank account to meet monthly outgoings, including the mortgage. We always send a UK cheque by post to our Spanish bank. When it arrives, it is sent by our…
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Shortfall in Endowment that was 'on track'.
Hi Just thought I would let you all know that the letters you receive from your endownment providers are not worth the paper that they are written on. We have just received a letter from the Prudential with the 'good news' that our morgage endownment policy is paying less than the target amout by £900.00!!!!…
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Switching to an interest only mortgage with scottish widows
Hi i'd like to switch my mortgage to an interest only and i rang scottish widows to talk to them about it and they said i had to write a letter the questions is.... What do i write? and who do i send it to within scottish widows? Thanks Michelle
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Problems with C&G - Advice Please!
Good Afternoon, I was woundering if anyone could offer some advice on the current problems that me and my partner are having at the moment. In January 2009 we went to see a IFA to see if we could get a mortgage before we went looking at houses. We were accepted in principle by C&G and that is when we started looking for a…
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FSA - the Blame Game - What if they remove commission payments for mortgage advice?
I am wondering how people feel about the article last week in relation to the FSA looking at the possibility of aboloshing commission/procuration fee's being paid to mortgage brokers. I am a mortgage broker and operate my own small company, for me the thing I enjoy most is working with clients and helping them, customer…
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Money problems
Can anyone help, I got sacked from my job on the 6th may by telephone. I have no savings at all. I have signed on straight away but my outgoings are around £800 a month. I rang my mortgage company immediately to find out my options. The best seemed to be lengthening my term from 10 years back up to 24. But they couldn't do…
