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opening new savings account for deposit and credit score
My deposit is currently sitting in a very low interest savings account. As it will probably be a couple of months until we make an offer I'd like to put it in an account with a better rate. If I open a new savings account will it mark my credit score in any way that would damage me for the mortgage application? Thanks!…
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I want to downsize and pay off my debts. Will i get another mortgage???
I have a house valued at £116k. I owe the Halifax £93k. I have a debt repayment play with CCCS and owe £12k to my creditors. In order to meet the amount required by CCCS i have had to drop my mortgage onto interest only. My payments to everyone are up to date but obviously my credit rating is shot to pieces. I want to sell…
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Finding a Mortgage
Whats a good mortgage deal at the moment.... need to change mine quick... or lose out on the property I'm buying...
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Will using my overdrafy affect my mortgage application?
Hi, My partner and I are making a mortgage application. We have a good deposit and can easily afford the monthly payments. However, I have an overdraft and use it quite heavily (virtually every month) even though I am putting money into a savings account each month. The lenders have requested bank statements and I am…
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Maternity and Moving House
Hi there, We are currently trying to sell our house and upgrade as we are having a baby in October. I am the main earner and wonder if moving once I have had the baby will affect the mortgage that we can get? Also, if we get a mortgage that we can comfortably afford whilst I am working (even taking into account the child…
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Speak to own bank as well?
Hi all, My partner and I are now at the stage of looking for flats and have spoken to a broker at L&C (who has advised us to find a property that we want to offer on and then call him back). I've read the guide to a first mortgage on the main site. Once we find a property I will check HSBC etc to see if we can get a better…
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Early Redemption Fee HBOS
I am currently in the process of buying my ex husband out of the family home. I went to speak to an independent mortgage advisor yesterday to weigh up the options and as the mortgage is in my husbands name only he says I need to "purchase" the home from him and he advised that due to this my ex husband will be liable for…
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halifax 5.95% deal comes to an end... what now...
so, guys, my fixed deal of 5.95% hasd come to an end at last...Phew! so, im now dropping onto the SVR at 3.5%....saving me £140 PM what to do now tho? the BoE has had rates at 0.5% for 15 months, can they stay there much longer, will i benefit at all from the SVR or should i jump straight into another fixed deal? opinions?
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Best lenders for buying a flat?
Hi everyone. My partner and I are first-time buyers in London and are looking to buy a 2-bedroom flat. We've been a bit shocked to find the extent to which the fact of it being a flat or maisonette limits the range of mortgages available to us, and the impact it has on deposit (most lenders want LTV of 70% and we can only…
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Nationwide payment holiday
Hi, We have been with Nationwide for years (have always come out best when changing our mortgage). I see that they have changed their terms as regards to payment holidays and new customers. However, I just went onto their website and did a 'webchat' with a mortgage advisor and they stated that payment holidays are no…
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shorter term or overpayments?
Any guidance would be much appreciated to what might seem like a very simple query!! I am purchasing a new property - priced at £265000. I will be applying for the First Direct life tracker at 1.79 above base with a deposit of £145000 - leaving £120000 on mortgage. This is my query. Would it be cheaper in long run to put…
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will we get mortgage??
I have been asking my mortgage advisor fo 9 months if I can move my halifax mortgage from my current house to the new house i want to buy, he promised me we could and said there was no problems with doing it. However after 9 months of working bloody hard to get the house sold, he said yesterday that it cant be done, we…
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repayment plan?
My husband is trying to get us a mortgage, we are currently on an interest only mortgage with no repayment plan. The mortgage company we have aranged a meeting with this afternoon said that we will either have to have a mortgage repayment plan, or pay a repayment mortgage, I dont really know what counts as a repayment plan…
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Remortgage or borrow on existing deal
Currently I have a 90000 repayment mortgage at 5.59% fixed until 31st March 2011. Monthly repayments are £624 I am looking to borrow an addition £40000 and have 2 options 1. With existing provider get additional product £40000 at 5.5% fixed for 2 years works out at £285 a month This would mean i would be paying 90000 at…
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Remortgage help please!
:cry: Heres our situatuation: I have bad credit history from previous relationship my partner had good credit. His hours were reduced last year resulting in us struggling with debts. We entered a debt management plan - stupidly paying for their service! Before the plan a personal loan of 25k was always paid on time. They…
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Ubiquitous Mortgages
Ubiquitous Mortgages any one heard of them? Are they legit?
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Ubiquitous Mortgages
Ubiquitous Mortgages - any one heard of them? Are they legit?
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Co-op five year fix/ First Direct tracker
My mortgage is currently 80,000 and the house is worth 300,000 and I are re-mortgaging. I have been looking for what feels like a lifetime and have finally narrowed it down toCo-ops 5 year fix at 3.99% 1000 feeFirst direct term tracker at 2.29% (+1.79) fee 100 (fee changed recently) All other costs are much of a much. ANY…
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Self Employed (LTD) for one year and unable to get a mortgage!!
Hello all, I dont know if anyone can help. My partner is self-employed, (has set up a limited company a year ago). She works for another firm on a long term contract. She has so-far got one years accounts under her belt which show profit of £30K. She has a sizable deposit (25%) but so far no high street lenders are…
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Buy to let mortgage and a normal one
I need a bit of advice I own a property that's worth around £360000 which I rent out for £1500 a month. mortgage is £150000 I am getting married so want to buy a new house with my partner, for around £300000, I dint have any savings as all my money was invested in renovating the house. I would like to rent my house out…
