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Credit score and a 4.5x income mortgage?
Hello, this is my first post here but i have been lurking and reading for a couple of years :) Please forgive me if this is a bit rambley but i really need some advice on credit scoring and mortgages. My DH has recently (6 weeks ago) taken out a remortgage with Woolwich. We are very happy with it, the rate is excellent and…
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Mortgage to buy at auction?
Hi, we wish to move house in the next 12 months and may buy our new home at auction. We have a house worth £250k (no mortgage) and £60k in cash. We would spend up to £160k on the new property so we are looking to have quick access to up to £100k by borrowing against our existing house. Within 6-12 months we would sell the…
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ING Direct Mortgage - Choosing a surveyor
Hi Everyone My OH and I are about to put an offer down on a house and we've got our mortgage in principle agreed with ING Direct (We're FTBs). Does anyone know if ING have a preffered list of surveyors, or, can you chose your own? We want a full structural survey, also a few other things checked on top and if we have to…
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seperating
me and my partner have decided to separate. we are not married. we have owned our property 50/50 ownership for 5 years. i earn 32k my partner 16k, has always been this way. at the start i put in 5k deposit, my partners parents matched this. the house cost 115k. in the current market i would estimate the house to be worth…
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Mortgage advise... & Remortgage
All, Was after a bit of guidance. My mortgage fixed term is due to finish in Sept/Oct and I would like to get a lower rate and fix this for 5 years. However, its a shared equity mortgage - does anyone know of the best rates going at the moment for these types of mortgages and which providers there are at present. I am…
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mortgage payments
Hi We are to sign at the solictors for our first house tomorrow. The mortgage is with nationwide. We are not moving in until 23rd August. Our monthly payments are £341.44 and we decided on paying each month on 28th. (This is as our rent payments come (came) out on 28th so it makes it easier.) Partner gets paid weekly so…
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Mortgage Broker Recommendation - Good deal?
After the giddy euphoria of getting an offer accepted it's time to crunch some numbers and see what mortgages are out there. Offer is in at 109k, 85% LTV leaving us borrowing £92,650. While I expected to go for a fixed rate our broker (L&C) suggested that with a low mortgage value, a 2 year tracker might be better as the…
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One Account V Parents Investments
We currently have a one account balance of £150k that has 9 years to run. We have a couple of old mortgage endowment policies which mature in a couple of years and with realise about £60k which is short of what we were sold years ago. Alas we have extended our house which is currently valued at £300k and currently pay the…
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A good idea to move?
Hi peeps, We have the opportunity to buy a really nice property seems to be well priced too. The couple are moving to France so really could also be a bit of haggling. We however have to sell our current property in the meantime although it is a apartment and they seem to go quite quickly as it's a popular development.…
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Paying into Parents Mortgage
Hi everyone, New here. I have looked for information but struggled to find anything speciifc to helping a parent. One of my parents doesn't want to move house but is desperate to pay off their mortgage before retirement (which is coming up soon). She has asked for my help (I have the savings to help her). The amount would…
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1st time buyer - gift deposit
Wonder if anyone could help. I'm a first time buyer and I've found a maisonette I'd like to buy. Its on the market for £85k and if the asking price is offered, there is a 5% gift deposit. I've already got a £25k deposit and wondered what would be the better option - offering £75k and foregoing the gift deposit if its…
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Mortgage for someone who is stuck :D, help plz
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First time mortgage, credit card v. debit card.
Is it possible/easy to get a first mortgage without ever having had a credit card and only ever having a debit card? I have never had any loans or debts therefore presumably I have no credit record. Is this a disadvantage? I'd prefer not to have a credit card but don't want to make getting a good mortgage rate less likely.
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First time buyer with a personal loan
Hi I have a personal loan of £13k and am currently paying £370 a month for I am looking at buying our first house/flat with my fiance. We are looking to get a mortgage of around £100k and we are looking to have a 10% deposit. My question is is it possible to get a mortgage that also pays the personal loan?
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Buying out of a fixed rate deal.
Hello ladies and gentlemen. I'm after a bit of impartial advice regarding my mortgage. I'm currently 3 years into a 5 year fixed rate deal (5.69%). I have £120k left to pay off the mortgage over 20 years. I've spoken to a broker who has recommended a 2 year fixed rate deal at £3.75% (no fees). This will reduce my mortgage…
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Mortgage fees
Hope I am putting this in the right area and hope someone has some advice. Sorry its a bit long...... We recently came to the end of our fixed rate term on our mortgage so were looking for a new deal. After looking around we went to our bank and got a decent rate and a deal we were pleased with. We spent approx 3 hours in…
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Should I pay off my Mortgage?
I'm managing to save about £2k a month at the moment, which is building into a nice amount (saving it is ISAs and Premium bonds at the moment). Ideally, it would be great to be mortgage free - I've got two houses with a mortgage on each. We rent one of the places out that covers the mortgage payment and we've only got a…
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Had Enough
Hi We have tried selling twice, both time for over a year and can not sell. We can not drop the price anymore due to what is owed to the mortgage company. I have called HBOS to discuss renting it so we can move as we desperately need a bigger house but they said it may be possible but my rate repayments will go up. This…
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Who offers shared ownership mortgages
Hope to be accepted for share to buy house soon but need to find a lender who will offer this kind of mortgage, can anyone help ?
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Living abroad and renting UK property - buy to let?
Hi, I've been a big mse fan for a while but am new to the forums. I really need some advice on what to do about my mortgage. We bought a house when prices were really high and then 9 months ago my partner was relocated to Gibraltar so we have moved abroad and are renting here. As the prices have gone down so much we didn't…
