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Credit Score :(
Having a 10% deposit ready to go I have decided to buy my first property. £190,000 property value £19,000 deposit £41,000 p/a gross salary £6,000 p/a garanteed benefits £5,000 p/a perfomance related bonus Before applying for a mortgage my experian score was 833, based on very little credit history as I have been living in…
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Debt free - should savings pay off mortgage
Hi, I'm a first time buyer and have a 75% off set mortgage owing the bank £100k. As I don't have any other debts should I use my 20k savings to reduce my mortgage as have always had savings just in case. My concern is that it's really hard to get work at the moment if I was made redundant - although do work for three…
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First time buyer mortgage for NEW house with 90% LTV?
Hi All, My wife and I are first time buyers - we're both on excellent salaries and have a 10% deposit. We were looking at new houses (as in, never been lived in before!) to buy c.£250k in our area and have found some we like. I met with my own bank today (HSBC) as they had a good offer on for 90% LTV mortgages over 30…
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Self build mortgages
Does anyone know of any providers of these and the typical max LTV? Also, it i had 25% deposit (of the overall cost of buying the plot and building costs)tyoically how much would i receive and when? I understand that the mortgage is paid in tranches. thanks
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Getting a 2nd mortgage
Any advice greatly appreciated. I own my grandfather's house. Purchased it a year ago now for £55,000 its valued at £95,000. He lives in the house and will continue to do so until he dies (hopefully not for long time). I want to buy another property with my partner for us to live in so basically my question is will i be…
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Fixed rate is coming to an end......
Hi everyone, Just looking for a bit of advise. Myself and my partner took out our first mortagage with Northern Rock, it was a fixed rate for 5years. The fixed rate is coming to an end in July 2011 and I have no idea what we are supposed to do. What happens at the end of the fixed term? We currently pay £696 a month, will…
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Joint mortgage - relationship breakdown
Hi everyone, Wonder if anyone of you could shed some light in this matter: Me and my (now) ex partner got a joint mortgage, interest only, back in 2007. He put down all the deposit. I paid for all furniture. We split up in 2009, I moved out, yet carried on paying my half each month...I was threatened that if I didn't do…
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Which lenders?
My partner and I plan to buy a house together in the near future. We both already own properties. I have a two bed terrace which I would prefer to sell but am considering renting it out as the market in my area seems to have come to a complete stop. My mortgage is currently £225 per month and if I rent it out it should…
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Financial order/change of title?? Help!!
Hi people. I've not posted on here before but was recommended by a friend so I hope I'm doing it properly! I'm currently in the process of getting divorced (yay) but running into a few complications with the marital home/mortgage. The house has been rented out since my husband and I seperated, with half the mortgage being…
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Is it possible to get an interest only mortgage now?
We are currently on a lovely 2% over base tracker but want to switch to a 5 year fix for security. We are on a tight budget and want an interest only mortgage and I have started the process with HSBC at 3.94%. However, they are not happy with our plans for paying off the capital which are these: 1. In five years my…
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Abbey Mortgage (Santander)
Full application went in on the 20/09/10. 85K mortgage with 10K deposit. They have now debited the arrangement fee and valuation fee from our account. Is this a good sign or just part of the process? I think we are being very inpatient but has anyone else had the experience of applying with Abbey and how was it?
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Mortgage broker help - ! Ltd Company / Dividend payments
We need help in trying to find a good mortgage broker (Ideally one who deals with the full market) who understands small ltd company setups. From our family ltd company, my husband and I are paid small salaries and we draw the rest of the money out as dividend payments. The problem we are finding is that most mortgage…
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Coming to end of fixed rate...
My fixed rate (6.4% nationwide) comes to an end in November, and will see me onto their SVR (currently less than my fixed rate). im paying 640p/m Property value has increased from my purchase price of 103,500 to approx 114,000, my outstanding mortgage is 93,000 i also have an additional debt of 6800, which costs me £108p/m…
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NR - mortgage query / help
flat value £71k, mortgage left £68k. Me and wife earn £48k per year. Looking at puting down approx £20k on a house after we sell ours. Ideally looking at properties in region of £125k - £130k. What sort of % rate could we expect on a 25 year deal - ie: us putting down 0.15% on a mort of £130k???
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MSE News: Lenders' mortgage broker snub 'could harm borrowers'
This is the discussion thread for the following MSE News Story: "The proportion of mortgages sold via brokers has fallen since the credit crunch began as lenders make many of top deals available to those who apply direct to a bank or building society. ..." Read the full story: Lenders' mortgage broker snub 'could harm…
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Getting buy to let mortgage
Hi, I currently live in my own house with almost 50% mortgage left to pay. We are planning to move abroad and during that period I will not have any money coming in UK. I would like to rent out my home and I think the rental income would cover the mortgage payment. Since I won't there any source of income in UK, I would…
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Remortgaging question
Hi I hope you experts out there can help me understand. I am currently in the process of remortgaging from Nationwide to Brittania. Myfixed rate at NAtionwide expires at the 31st Oct as does the brittania product that I have reserved with Brittania (this was the absolute last day which they could extend and reserve the…
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House purchase queries and Mortgage concerns
My daughter and her partner are planning to buy a house together she would be a first time buyer but his side is a bit more complicated. For the last 2 years he has been on a mortgage shared with his parents, I don't know all the ins and outs of the set up only that he paid all the bills and half of the mortgage, his…
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2 mortgages?
Hi I need a little advice here quite quickly. My mum and uncle had a business which went under last year and this subsequently made my mum bankrupt last november. Her only asset is the house that she owns jointly with my dad and her trustee has given her a figure she must pay to buy back her half of the house. My uncle…
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tracking rate or offset tracking rate
Hello, I am about to remortgage. I have 128400 left from 162000 house price. I have 30000 saving. Do i get normal tracking rate of offset one? In the market, what is the best tracking rate and offset rate? Thanks
