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Thinking of moving house. Q about ERC
Hi all, We considering moving house, but there would be a £3500 ERC. We wanted a 20% deposit, but the £3500 stretches us slightly too much. We therefore would pay the £3500 , have 15% deposit but would move away from our current mortgage lender. If we did not have to pay the £3500 then we would have 20% deposit and would…
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Mortgage Eligibility
Hello All, I've searched the forums and the internet but cannot seem to find a definitive answer - I hope you guys can help me out! I'm looking to get a mortgage in a couple of years time but am worried about my past activities. I got involved in on-line gambling when I was made redundant in early 2010. I ended up losing…
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Mortgage on gifted house
We are in the process having a house gifted to me and my husband from my nan. We would like to do some improvements to the property but will need a mortgage to do so. I have heard that your name has to be on the title deeds at least 6 months before you can take out a mortgage. Does anyone know if this is true? We also…
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Closing Credit Cards Before Mortgage Application
I've recently paid off several credit cards before applying for a mortgage, in order to maximise my borrowing capacity, but I have a couple of questions: 1) Should I wait until the fact is reflected on my credit report (<7 weeks lag) before applying the mortgage, or is the claim of zero debt sufficient even where the…
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Large "deposit"
Sorry, another question lol. Does a large deposit make a mortgage easier to get? Does it matter if that large deposit comes from a family member? To the level of needing a 25% mortgage on a £240k house.
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FTB Fixed Mortgage Rate Length
Hi guys, I am a first time buyer and looking at taking a fixed rate mortgage with a 90% LTV. The two options I have at present are: 2 Year Fixed Rate at 4.99% or 5 Year Fixed Rate at 5.85%. I wondered what your advice would be, I am sure the mortgage base rate won't remain as low as it is now so am thinking if I have to…
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Selling a joint owned shared ownership
Hi Any advice would be welcome. In 1995 me and my partner bought a shared ownership home. We split in 1999 and i haven't seen him for the past 12 years. At the time he agreed to sign the house over to me - then his parents got involved - it was very messy and he pulled out of that because they told him he'd lose out in the…
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Buying ex out of the house
Hi, My boyfriend (of 9 years) and I bought a house which completed in January this year. About 3 months later he started having a "relationship" with a dippy student and in June I found out and we broke up :( . I am now trying to buy him out of the house which is fine with the mortgage but he is asking for more equity than…
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Northern Rock account number?
Hi, I'm trying to set up 'Faster Payments' from my bank account to pay my Northern Rock Mortgage. I have their sort code but I'm not sure if I've got the correct account number for them. Can anyone help please? TIA x x
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Getting a mortgage as a contractor working through a Ltd Company?
Hello, can anyone advise on the best way to get a mortgage as a contractor working through a Ltd Company and being paid with a small salary and dividends? Are there specialist companies who deal with such a situation or are there other ways to do this? I am currently permanently employed but have just been told that I will…
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Switching to buy-to-let
I've found some interesting discussions on this site regarding mortgage switching. Apologies in advance if this question has already been answered and I didn't see it. We've been paying our normal mortgage (life time tracker with Saffron Walden) for about 5 years. It was quite expensive when we started, but we are now…
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Finance Property Without Mortgage ?
A property has become available , its industrial with living accommodation , the price is approx 50 grand , i intend to purchase this property and after a degree of renovation move in and operate my own business from there my sit is i own my own home and im presently paying twice the mortgage as i intend to pay it off…
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Can we do this?
I have booked appointments with Halifax (current mortgage) and HSBC (current bank account with loan) to see what we can do. We are on the SVR at the moment but due to renting somewhere in December (we let our house out) I want something fixed for piece of mind. Mortgage is £155,000 value of house approx £183,000. My loan…
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Euro Mortgage
Hi, I am looking for best advice as to where i can get good rates and terms for a mortgage for second hole abroad, specifically buying in Spain?
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Deposit from loan advice
Hi, My partner & I are in a position where we can afford a mortgage but we do not want to save for the rest of our lives just to raise the deposit. I have considered getting a large long-term loan for the deposit and then placing it in savings for about a year, so that my credit rating can recover enough to apply for a…
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First time buyers (for newly built flats) - offer from brooker , plz help
I have no idea if this mortgage offer is good. Any advice would be great? All info. below:) The information includes competitive fixed rates for 2 & 3 years for the two scenarios we discussed: 1. Property price £170,000, with a mortgage of £144,500 (85%LTV) 2. Property price £130,000, with a mortgage of £104,000 (80%LTV)…
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Help! How do I get out of shared ownership?
I purchased a 50% share of my 2 bedroom flat from Hyde HA seven years ago. As a single person in a low income job there was no other way to get on the property ladder. Then life kicked in. I was made redundant from a job I hadn’t been in very long, became pregnant and ended up on benefits – income support. I now have other…
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Santander UK shaken by £731 million PPI provision
Seems as if banks have yet to turn the corner... http://www.citywire.co.uk/money/santander-uk-shaken-by-731-million-ppi-provision/a519448?re=15641&ea=237867&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily
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Help Halifax reduced offer from 90LTV to 85% LTV 3 month later!
Hi please can anyone help? myself and my partner found a house to buy in February, it is on the affordable housing scheme(discounted forsale scheme, council own 25% £35,000, we own 75% £105,000 ) we went through various forms to be accepted to buy this house took several months! We decided it would be best to pay a…
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Mortgage without job
Hi, I currently own my house, mortgage free. I dont have a job but do get income from tax credit, child maintenance and spouse maintenance. I have found another house, which I would like to buy and then rent out my current home to pay the mortgage on this new property, increasing my portfolio. Is it possible to get a…