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Is this possible or am I living in la la land!
Hi in just wondering if anyone had any advise on my situation I'm currently a stay at home mum but hope to ho back to work in the next couple of years My partner earns about £15-17000 a year I own one house worth £165000 and another flat that's worth £94000 both mortgage free thanks to an inheritance (the flat is rented I…
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Halifax Mortgage Offer
Hello, We have had an offer accepted on a house and we have received our formal mortgage offer from Halifax. We did this through an IFA. We are very happy it was approved as my partner has started a new job (more money, same field) but is on a 3 month probation period as he has only just started. Because of the above, I am…
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TV Freelancer Self Employed and PAYE
Hi there, Obvs new to this forum but would be really grateful for any advice anyone could give me. Situation is that I have worked for the last 4 years+ has a Freelance TV Professional moving from short contract to short contract as is the industry norm. We are currently applying for a mortgage and i've tried to explain my…
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Remortgage with low income
My fixed rate mortgage have expired and I'm looking to borrow an extra £10k Currently my house is valued approximately £200k owes around £67,500 I am struggling to find a lender due to my low income of 18540. Any advice?
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County court, what to expect?
To make a long story a bit shorter, due to personal reasons of marriage break up and Ex going AWOL, the family home is going to be repossessed. Santander have been really unhelpful and yesterday I get court papers through for Northampton for 16th may.I am still looking for a rental property at present, for myself and my 2…
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Northern rock - capable of a 2 week decision?
Hi, The house we were supposed to buy fell through at the last minute due to the seller deciding not to emigrate. We've had an offer accepted on another house however they want us to complete in 4 weeks, 6 weeks max. Northern rock took 6 or 7 weeks with the offer last time, are they capable of going from application to…
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mortgage in principle applications
Hi there I recently got a 'mortgage in principle' from Leeds Building Society. It was an online application and - having done more research - I'm not convinced I want to go ahead with it. How many 'mortgage in principle' offers can I apply for before the credit searches go against me? I've found somewhere I really want to…
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Future mortgage
Hi there, I'm after some advice please. We have a mortgage with Future mortgages and we received our annual statement yesterday, there is transaction for LIO monthly premium. We have no idea what this is for and tried to ring Future yesterday to ask what it is but all their lines were busy and we couldn't get through. Does…
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IO Mortgages and people's views
I was at dinner with some friends the other night, we got on to buying property (as you do). We all own homes, I own a flat with my partner and some of them own houses. It was always a mystery to me how people could afford houses (especially in the part of London I live in). Anyway, it turns out that they all have IO…
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Negative Equity - escaping a house i dont like!?
Hey y'all. First post on the forum so ... be gentle I guess. I need some advice on my next move as i might have a way to absorb some of the my possible losses from a house purchase to some extent if i put my mind to it. The most important point here is that I hope to start a family over the next few years, and i dont want…
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Seeking additional borrowing while on unpaid maternity leave?
I need to get some home improvements done and it would be best to get them done asap. I have two more months of unpaid maternity leave to run before returning to work. I want to raise some additional borrowing on my mortgage - there is a ton of equity in my house. However, will I be refused additional borrowing because I…
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Overpayments - Calculate Every Monthly Payment
Hi, I know there are a lot of mortgage calculators, and repayment calculators I am looking for a calculator that will tell me my expected mortgage payment for every month for the life of my mortgage. I am currently tied in to a 5.99% deal till November 2012. I make overpayments every month but want to know exactly when my…
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Release Equity???
I have recently purchased a property, spent around £20k fixing it up & now its worth £85-90k. I'm interested in using the equity on another property, maybe a buy-to-let (one in mind for 55k). As i am only 25 can i still release the equity?? I spoke with Santander (my current mortgage company) they told me that they…
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Shared ownership and 45% ratio?!
I applied for a shared ownership property today and went for their 'affordability' assessment. They put all my information into something called "shared ownership purchase affordability assessment" form and there was a little calculator at the bottom which states how much of a share you can purchase to keep you under the…
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Repossession and Outstanding Debts
I have a buy to let flat that has some mortgage payment arrears that is over £10,000. The mortgage company has now decided to repossess and set an eviction date. I also owe the council service charge money. The question i have is if they repossess the flat am i still liable for the arrears. Can the mortgage company…
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Unique Mortgage Issue/Query??
Hi All, I believe this may be fairly unique and after trawling through the forum couldnt find anything related or similar. The query is two fold so I have split them to enable a response for each (I have limited the info provided for fear of being located by them before I receive advice!): Issue 1: A couple of years ago I…
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lifetime mortgage with Halifax
My mother has a lifetime mortgage with the Halifax & we are considering both selling up & buying another property for us to live in together. We want to keep the new property in her name & still the lifetime mortgage with the same amount as it is now. We both have quite a lot of equity with our current properties so the…
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Re-mortgage with large debts
Not sure if there are any similar threads but I'm new to the site and couldn't see any. Anyway a couple of years ago we bought our new house and had some work done to it. Unfornunately the builder was a cowboy and we ended up getting rid of him and got someone else in to finish the job which inevitably cost us quite a lot…
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Searching for a mortgage - comparison websites
Hello all We're in the process of searching for a mortgage and although we have enlisted the help of a broker, we are also doing our own research. We are looking for a fixed rate deal for 2-3 yrs. We are first time buyers. My first question is: am I right to be comparing mortgages by looking at the "actual cost over x…
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Do you need a UK address to have a UK Credit History?
I'm living in the Republic of Ireland and moving to Northern Ireland in the near future. I've had a Northern Ireland bank account for 12 years and am wondering will my activities (all good) in that be put against my UK credit history. I'll be moving to rented accomodation first for 3 months before applying for the…
