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Should we apply again?
Me & my partner are getting sick of renting. Facts; Age 29/30 Joint income of 34K 13K Deposit (plus 2-3K to cover fees) after LTV 90% for 117K mortgage. We manage are money very well, are current debt is; £1500 between us with all payments on time. My credit record over the last 2.5 years is excellent, no missed payments…
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Surely Discrimination?
Hi this is my first post. I have 11 flats in Bristol which I have a commercial loan. They were a new build and in a block. I am now looking to add to my portfolio by buying more property when I can afford the deposits. I am now at the stage to buy another flat but find that buy to let mortgages are very expensive. My…
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Can anyone explain to me about mortgage interest rates ?
Can anyone explain to me about mortgage interest rates ?
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Will HSBC charge valuation if had one previously with Firstdirect?
Last summer I was accepted for a First Direct mortgage, they did the valuation, then the sale fell through. As I know that's part of HSBC, then if I apply now for an HSBC mortgage, are they likely to charge a valuation fee because I've already had one last year and the mortgage never went through? Or do they treat the two…
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Endowment policy - does your change in circumstances affect the policy?
Does any change in circumstances affect your endowment policy? My policy was taken out in 1990. Since then i have remortgaged. Rang up the endowment people and they said it is fine. I am now unemployed. Do they need to know that? Was wondering what affects the policy. thanks in advance for any replies.
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building extension and notifying mortgage company
Hi forum! Wanted to find out what the implications of undertaking building work (single storey extension and removal of internal wall) without first notifying the mortgage company might be? We dont need to borrow additional money, and all works checked/approved by appropriate building control, however although the work has…
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Help! Locks have been changed.
I've just received a call from a close relative. They have returned home to find the door locks changed. They have been ignoring letters for about 5 to 6 months. My question is, is it too late to recover from this? I've told them that I will pay the mortgage and as much of the outstanding/overdue amount. But once it has…
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First time buyer!
Hello, I am planning to buy my first house with my boyfriend this year :j, between us we have a decent wage and in a couple of months we will have our 'chosen' deposit--I need advice on how to approach the whole mortgage application/house hunting. We have seen one or two suitable properties from internet searches but have…
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How far In advance can you get a new mortgage deal?
I'm approaching the end of my current 5 year fixed rate deal, currently at 5.79% until 31st Aug this year. Now I am eager to get a great deal, so would like to get one ASAP, but how far in advance should I start looking? Second question is, is a fixed rate a good idea now? I did my best to get the 5.79% when the rates were…
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single £17,500 a year £7,000dep can it be done?
hi, I will try to make this short. Me and my girlfriend of 4 years have been looking for a house (we both lived with parents) over the last 3 months. she had £23,000 of savings and earns 15,000 a year. And i had £7,000 and earn £17,500 a year. we had seen a brooker to get an idea of what we could afford etc and was looking…
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Valuation Accuracy of Mortgage providers
Hello There I have recently applied for a fixed rate mortgage with First Direct. 65% LTV for a loan of £80K Having used Zoopla and local estate agents selling prices to guage an accurate value of my property I plumped for £125K. What is the likelyhood of the Mortgage providers valuation being close to my estimate and is…
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GE Application Time Frame
Hello to all those helpful guys that use GE and continue to answer my questions. I have an application in with GE an all my adviser keeps telling me is they have a back log, I have emailed them, it should be tomorrow, then tomorrow, then tomorrow. Has anyone that deals with them spoken to them recently? I got a letter from…
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Getting mortgage with Parents
Afternoon all, Straight to the question would be. is it possible to apply for a mortgage on my parent's house with them? As background, they own their property outright (approx. value £700k) and are both semi retired and hence don't have a large income. I make £42k pa (very stable job) and am debt free with a good credit…
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Times up
My fixed rate comes to end next month there is approx £129k outstanding the house is worth £200k, joint income is £46k gross, I have a loan with Nat west with approx redemption of £11k, Now im wondering do i struggle on and continue the loan payment of £378 a month its got another approx 28 months to go or try and…
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Do I pay the mortage off now?
My Dad passed away in January. It is all going to probate at the moment. He has a flat which has about £6k left on the mortgage. The flat is being rented out still and I'm paying the mortage until it can be sold. Is it worth paying it off now or just waiting until I sell it? There is probably about £90k equity. Thanks!:j
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first time buyers - one good credit one bad - help?!
Hi, My partner and I are looking to buy a house. He has very good credit, however due to mistakes at uni, I have bad credit. I have been improving it, however how much will this affect us buying? I am on a slightly better wage than he is, and we both have respectable jobs, and now we are both very reliable financially,…
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Mortgage to do list
Hi Submitted application to Leeds Building Society on the 28th of April and had valuation completed. Motgage advisor emailed today to say that head office were sending out a mortgage to do list and a note of outstanding information. Any idea what this is? I feel i am worrying abut everything at the moment. Mortgage advisor…
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Buying ex-partner out of house
We have decided to split but own the house 50/50...they are happy to sell or me take over the mortgage. I'd like to keep the house myself. There is £112,000 left to pay on the mortgage (no early opt out fee and mortgage statement received couple weeks ago). House is worth approximately £125,000 (not yet been valued but…
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Removing my wifes name from the mortgage
Hi all, Few questions about this process. I have a meeting on friday with my mortgage lender about removing my wife from the mortgage. Ive had a quick read of some stuff an waited to find out if anyone can shed abit more light on the situation. I solely pay the mortgage and bills on the house every month. my wife had…
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Mortgage & Pregnancy
Hi all, My wife and I are expecting our 2nd child, and so the time has come to look for a bit more space and a new house! Before we speak with any brokers/banks, does anyone have any advice on arranging a mortgage with impending maternity leave? My wife plans on taking a year off, and then going back 3 days a week. We can…
