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First time buyer - Can you apply for 2 mortgages at once?
Hi, I'm a FTB trying to get my first mortgage. Last week when I went in and submitted my application, there was a credit check error that was obviously wrong. ("no settled account for past 12 month", where I have banked with the lender for 3+ years). My application is fairly solid. 70% LTV. Loan amount of just over 2x…
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Help for a first time buyer...
Hi I am looking to buy a house with my girlfriend. We are both first time buyers and have found a house which would could buy for £65000. My girlfriend is a student, and my income is £11k + commission. I am not too sure if commission is taken into account for a mortgage, as this would put my income up to about 17k. We have…
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Re-mortgage advice please
Hi, im new to this site, and would like some info please as to confirm that my understanding is correct. My partner and me have decided to go our sepearate ways after 17 yrs together, we have a flat which both names are on the deeds, he would like me to buy him out or sell, i have decided to try and buy him out seeing as i…
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Repayment or Interest Only Mortgage?? Tracker or Fixed!! Need some advice please??!!
Hi all, Myself and my brother are looking to purchase my grandmother's house. The house is valued at £80,000, and she has signed the house over to my father so he can sell it. She is looking to give my brother and I, £10,000 each from the sale so that can be used as the deposit. So basically we will be putting down 25%,…
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Can I take my mortgage product with me?
I was a 1st time buyer 4 years ago and have a 100% mortgage. Can I take my mortgage with me? I've never missed a mortgage payment and been looking at shared ownership ones today, ones that people are selling as opposed to new builds. But I probably wouldn't end up with any deposit from selling my flat to put towards a…
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Any advice from a mortgage advisor/ifa?
I have been going through my financials and am finding it hard to understanding it all and would be very grateful if someone could give me any advice or simplify it all as I have lost the plot trying to work things out. I am also minded to remortgage to get a better deal but going on-line does not give me the option to put…
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Advice for First Time Buyer Please
Hi, I'm currently renting and my landlord has asked if I would like to buy my house. I've never had a mortgage before so I'm not sure even where to start. My Salary is £29,200 per year. I currently have credit card debt of £6k which I can pay off (my dad has offered to pay this so I don't have debt and a mortgage). I also…
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remortaging a kind-of-buy-to-let
I got married last year and bought a house with my new husband, letting out the house that I already owned. The house had been remortgaged (along with some other financial commitments) in October following some catastrophic mortgage advice, at a rate of 6.29%. When I rented the house out, an additional weighting of 1% was…
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Pay off some of mortgage, or wait?
A friend of mine has asked my advice as she has just had a good result on her investment bonds. She wants to know if it's a good time to pay off most of the mortgage, or should she re-invest, bearing in mind that interest rates may go up & her mortgage package ends next year. Her husband is also considering early…
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conditional mortgage offer
Just a quick question, received mortgage offer last week but it says conditional that we pay a loan off that we took out, but i paid this a month before we took the application out & gave them the statement to show this do you think i will incur any probs when it comes to completion or do you think i just need to resend…
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Affordable House Mortgages for poor credit
Hi, My husband and I have poor credit history from the past. The past couple of years we have been working to correct this and have alot more desposable monthly income. My husband shares a business with my brother so is classed as self employed. We booked a holiday a couple of years ago online. Unfortunately do to my…
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Advice needed on application
Hi, I am coming to the end of my fixed term deal with santander (abbey) and would like to take a new fixed deal with them. My concern is that we really struggled to get the mortgage approved in the first place, and we would have to go through a 15 minute application. I am worried that if we fail the application process…
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Mortgage adviser help
Hi, Would appreciate any comment on the following from mortgage advisers (to restore my faith in the profession!). Having done my research on moneysupermarket I went to see an adviser with a list of the best fix rates available for my circumstances. I was told that I definitely shouldn't apply for any of the rates that I…
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FTB with few questions
myself and my GF are looking to buy middle of next year (ok i know a little early for qestions) but im wondering what would be better for us repayment or interest only for first few years. we have a combined take home of £3800 every 4 weeks. we are 23 and 21 years old. im thinking of getting interest only for first 5 years…
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Fix or Track? help!
Hello all, Myself and partner have just had an offer accepted on a property for £122,500. We have 10% deposit and are ready to go. We have been to see a mortgage advisor who has found a 2 year fixed with newcastle building society at 5.99% for 2 years followed by 5,99% standard variable rate. However we have noticed a 2…
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Deposit for Mortgage
I have a friend willing to sell his flat to me for £60,000 to cover his mortgage, the flat is actually worth about £80,000, can I use the £20,000 difference as a deposit and borrow £60,000, or do I need 20% of the amount I want to borrow.
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Help with mortgage Referral
first time on here guys and really need advice. at the moment I'm in the process of trying to get a joint mortgage with the Halifax, which at first was referred then declined. Reason being and i only found this out last week is that i have a CCJ against me. on calling the court i was told it was because when i left my last…
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Britannia Pulling Consent to Let in Middle of Fixed Term
Not sure what to do as Britannia (before becoming Co-op) used to be helpful but now seems more strict. We have had consent to let from them for 3 years which is pretty good and very grateful for it. We left UK for what we thought was a short time that turned out a lot longer. Anyway when our last term ended late 2009 we…
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Mortgage with extra for renovations
Hi guys my girlfriend and I have a deposit of around 25k and want to buy a house that is around £120-125k but is in need of modernising. Structurally it is fine but needs a lot of decorating, carpeting etc. Is it possible to get a mortgage with an extra say 5-10k to carry out this work? We want to use all our money on our…
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Max concurrent BTL mortgage applications?
Hi guys, I’ve just found this forum and this is my first post! :) My question is about buy to let multiple/concurrent mortgage applications and I am hoping someone can help me. How many BTL mortgage applications can you have on the go at once? Will a bank lend to you again in the future if they stop an application now…
