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Santander help!!!
Where do I start! I earn a higher than average salary (mid thirities) and applied for a mortgage. So far so good. Apparently I was earning more than necessary for a £99,000 mortgage and had the mortgage go to the underwriters. I also sent a letter and proof from my employer that I had just recieved a pay rise plus my tax…
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would having 4 year old defaults make a mortgage impossible?
I have 2 defaults over 4 years since they were paid off but obviously they are still on my credit file. Would this mean that I would not be considered by any high street lender with decent rates? I have a clean file apart from these two and have never been late with or missed any form of payment since. Any advice…
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Mortgage audit between exchange and completion
Hello, I have read lots of horror stories about mortgages getting re-audited between exchange and completion. Does anyone know in particular, if you were audited would the company RE-write to your employer? Our mortgage is with Natwest. Thanks in advance for any help.
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Mortgage...best one out there???
Hi We have a property we are selling for £185,000.:j If we sell our current propery and purchase another at the price we anticipate, we would be looking to have a mortgage for £65,000/£70,000, instead of the current £100,000 we have at the moment. I earn £25,000 a year and my husband earns £40,000 a year. Could anyone give…
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Barclays Mortgage Reserve
Hi, My OH is an existing Barclays / Woolwich customer and has applied and been approved for a Barclays Mortgage Reserve facility. We are waiting for the paperwork, however, does anyone know if a solicitor is likely to be needed Thanks :)
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Joint Morgage Payment Protection (MPPI)
Hi There I am looking to find out if you can get Joint MPPI. My financial adviser has done a quote with Aviva for Joint MPPI, but all the comparison websites only show a single person MPPI. Is there any way of doing a joint MPPI quotes online? Thanks Richard
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First Time Buyer Mortgage
Hello, I earn £17000 a year on my current job. I am thinking of applying for a mortgage to buy a house in the range of £ 110000, i also have £20000 deposit which i guess is required with my low income. Fulford say that Halifax have agreed to land me maximum £ 85000 in principal but there is no search on my credit report.…
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first time buyer cashback mortgage
first time buyer cashback mortgage is there any available? we can get the house but it needs alot of work, rewireing, full central heating system, replastering then the rest! we just dont have the money to do the work :( are they any cash back mortgages if the seller agrees? im new to this have no idea how this works! be…
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First Time Buyers....mortgage criteria?
Me and my partner are looking to take out our first mortgage, my credit rating is very good but my partners isnt. What my question is, if we are only accepted for a single name mortgage do both incomes get taken into consideration? Or is it just the income of the mortgage holder? Any help would be greatley appreciated :)
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Stamp duty for FTB...extension?
So does everyone think this will be extended beyond march? I really hope so, as we are now hopefully going to buy mid next year...anyone know when Govt going to announce IF it will be extended or not. This will save us £2k which will make a big difference.
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new business - mortgage possibility?
After a long fight, my company has gone down the tubes. I managed to save 4 jobs by setting up a new company from the ashes. Due to me investing thousands in the company to try and save it, i find myself with very little money. I think i am going to have to move house but am not sure i will be on about my mortgage. I…
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8k Loan or Martgage ~ Best Option Here?
Hi There I need to borrow 8k for a divorce settlement and want to know the best way to borrow this money, would it be have a mortgage or a loan? Currently have a 62k mortgage on an older good rate (0.58% above base rate) and dont want to remortgage the new amount of 70k as I will have to move onto a newer higher rate. I…
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Which mortgage companies use which credit reference agency?
I have seen the link on MSE that shows which lenders use which credit referene agencies (I'm a newbie so can't post it - sorry) and was wondering if this list applies for mortgages too? My partner is a FTB and buying alone (sole application). We have a joint account for bills. Last year my partner who was buying a house…
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Is it worth stopping mortgage PPI to work for 2-3 months?
Hi, I have been unemployed for a year now and my mortgage PP will be stopping on February next year, i have still been making the payment for PPI off my jobseekers allowance in that time. After all this time i have finally been offered a job but it may only last 2-3 months up until the Christmas period. Is it worth me…
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Best 5yr fixed mortgage??
Hi all, We have agreed a part ex on ours towards a new build and are now looking for a mortgage. Ideally we want a 5 yr fixed rate so we know where we are as we are hoping to start a family soon. we have a 25% deposit and would be looking to make slight overpayments each month Have found one with coventry at 4.5% with max…
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Guarantor effect on mortgage application
If I were to be guarantor for someone else's unsecured loan, what effect might that have on my ability to take out a mortgage?
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Tracker v Fixed
Hi all I'm still deciding on what mortgage offer to take - tracker or fixed. Tracker is 3.49% with no fees, no redemption penalty and the fixed will be 4.89% (5 yrs) with a £995 fee and the usual redemption penalties. The difference in payments is about £120 a month. I have calculated I could still comfortably afford the…
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do you think interest rates could go down ?
I have been enjoying a very low interest rate and not looking forward to when the interest rates start to rise . The talk for the last 12 months has been that the interest rates would slowely start to rise by the end of this year but i heard the other day that the bank of england may drop the interest rates , just wondered…
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re-mortgage advice needed please.
Hi guys I wonder if anyone on here could give me advice on how best to fund our extension? At the moment we have a mortgage with Alliance and Leicester which consists of:- £31395 at an interest rate of 0.5% above base rate so we are paying a 1.49% base rate (variable) 14108 at an interest rate of 4.99% (fixed) My question…
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100% mortgage advice
Hello, I hope someone can shed some light on our situation for me please as I'm a bit clueless! We bought our house as first time buyers in 2008 on a 100% mortgage. With the market the way it is now, the house will have obviously have decreased in value, possibly by about 10k, maybe more :( (we bought for £106,500),…
