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CeMAP qualified
hi guys just recently i got my CeMAP qualification however it has become very frustrating trying to get a job as they are all looking for someone experienced! If anyone has "been there done that" could you please help, as in where to apply, or any good firms hiring a trainee so i can become competent? Thanks a lot
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Mortgage advice: wanting to move house and borrow more, where should I start?
Where do I start for enquiries, should I go to current lender (Nationwide) and ask them, other mortgage advisors etc. Wanting to borrow more when we move. Will have equity from sell of current house, but main concern is we put all spend on credit card which I pay off full each month but equates to my month salary recently,…
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Help please re keeping endowment money
Hello, can anyone please help. We have a mortgage and £15,000 is on interest only and we have this money in a savings account. The mortgage deal expires in July this year and the amount we owe is £52,000. We have an opportunity to fix a mortgage for 5 years at 3.89 or 4.09, one has a £499 fee. We are planning on home…
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Sense check please - could we stooze our mortgage?
Hi We have a large (£410k) flexible mortgage, £243k of which is interest only and the rest is repayment. The interest is 0.49 above the base rate for the lifetime of the mortgage so we are benefitting from the low interest rates at the moment. As we have been paying off the repayment mortgage (and saving & investing for…
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Fixed rate ending soon - when can we apply for new mortgage
If our fixed rate is coming to an end in a year (it's with Nationwide), how soon can we start to look around for a new mortgage, both with the Nationwide and a new provider? I presume we are limited to how long a new offer lasts for? Thanks in advance.
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Mortgage For Bad Credit/Defaults
Hi My husband and I are looking at getting a mortgage we currently pay £595 renting our current property and would love to put this money towards owning our own home instead of the money just disappearing! We both have defualts from a joint account with Halifax from a couple of years ago. We currently have a debt repayment…
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Portable mortgage - moving up the ladder
Hi All, We're currently in the process of selling our first flat and moving up the property ladder. I am 3 years into a 5 year fix with the Newcastle Building Soc, not a great rate compared to what is available now but at the time I needed the security. In buying our next place we will take on more debt but and should end…
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Secured loan against paid off house... good credit, all income under the table
I own a house that is "paid off", despite a 30k mortgage to a family member. There is no 1098 mortgage interest form sent to the IRS at the end of the year. I don't think this mortgage is visible to anyone except his financial adviser who handles all his money. I checked my county's register of deeds online and they only…
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Is a 80% LTV BTL possible?
We are looking to switch our current mortgage which has consent to let to a BTL mortgage so we can buy another property where we are living now. The house is worth £150,000 and we owe £120,000. The property has been successfully let now for 3 years at £700pm. Can anyone give any advice on whether we are likely to be…
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Mortgage application
I have just done a mtg application with nat west over the phone, and it was approved provisionally, passed the credit score and what not. My wage has gone up this month, but as I have not had a pay slip I went with the lower salary. My partner however is changing roles for job security, and his salary will go down by 10%…
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Aviva - Endowment Delay Excuses
You would have thought that having diligently forwarded all the correct forms, proof of identity, original documentation that Aviva could not find any further excuse to delay payment. They have now decided that the wife's signature has changed and they now want certified proof of her signature, by a narrow selection of…
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protection insurance on mortgage
I have just been to halifax to renew my mortgage after my 2 year fixed rate came to an end. I managed to sort a good deal on my mortgage but the mortgage advisor was pushing their protection for life insurance. It basically pays off my mortgage if i die or will pay a lump sum if i get a serious illness (only if it is…
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what lenders can really see on my credit report?
Hi guys, I was wondering something... my partner passed some of my details to a broker for a joint application for a mortgage. Together we couldn't get it as he is self-employed and missed some mortgage payments in the last 12 months (he has paid them but late). The broker without consulting me apply for a mortgage just on…
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Shared ownership with parents/mortgage: advice please
Hi My partner and I are renting currently, and starting to save a deposit for a house. Now, my mother-in-law has found an ideal house for us and is willing to buy it and rent it to us at the same rate she is currently getting on the interest from her savings. The house is worth more than we could currently get a mortgage…
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Complicated mortgage Please HELP!!!!!!
Hi all, I'm in need of some help in order to get a mortgage, which is proving very difficult given my circumstances. I own an old Victorian block containing 3 separate flats, which have separate leases. the freehold is held in a none active holding limited company which i also own. All are unencumbered meaning no mortgages…
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Bad credit Remortgage
Hi i have a Santander fixed rate Mortgage which comes to a end on the first August i currently pay 3.55. The problem i have is that this year i went mad and missed loan payments and credit card payments and got a default( never missed mortgage) Santander will not offer us a rate apart from variable 4.24 we wanted to pay…
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Confused about the 10% overpayment allowed on mortgage
I know its probably obvious (to everyone except me).With some mortgages you can overpay by 10% with no penalty. 10% of what though? The overall balance? The balance plus the interest owed? Is it calculated annually this 10%, or monthly? (i.e would you save up and pay off the 10% ni one lump sum at the end of the year, or…
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Getting a mortgage bad credit report
Hi, I am about to go see a mortgage broker tomorrow about getting a mortgage but I am a bit worried as I have missed a few payments on my credit cards before around 4 months ago now. These are now up to date and I am paying off more than the min amount. How likely is this to affect my chances? Thanks, Michaela
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Confused About Mortgage Fees
Hi, Sorry if this has been asked before but,,, I was using the MSE mortgage calculator to compare mortgage costs over the term of the mortgage, anyhow, I have noticed that the calculator gives a lower amount if you add the fees to the mortgage. I presumed that the amount would either be the same or slightly higher if you…
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Opinions on lease options?
Hi, any comments on their usefulness, drawbacks, transaction costs, potential and necessary legal burden would be appreciated.
