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Planning ahead for mortgage
We are targeting to buy a house by 2014(first time buyer). Started saving for a mortgage, but even in 2014 we wont be able to raise more than 10% deposit. The credit history is also bad , staying in different rental properties. The question is what can we do now to help our mortgage application in 2014? I have seen some…
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selfbuild mortgage or family loan
Hi all im having a real problem getting a self build mortgage as the plot of land is around 300 miles away, from where we are residing and working at present. We have looked into various avenues and so far have drawn a blank. A family member has offered to lend us some money for the selbuild. My question is if we were to…
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Will a new Job affect my mortgage application?
Hi, I recently spoke to a mortgage advisor at Halifax who confirmed that i would be able to get a mortgage for round about the amount i need. I am in the process of saving an extra few thousand pounds to put me in the 15% deposit bracket and therefore significantly reducing my monthly payments. However she did stress that…
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Mortgage - 1st time/Buying off family member/Need Desposit?
Hello, I am new to the forum and to mortgages, I am getting confused by the different types. So I am hoping for some help. I am currently renting my house from my parents and due to them coming into some money they are very kindly have offered for me too buy the house for £50,000. Their mortgage on the house is £100,000.…
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letters from the mortgage co
I'm hoping for some advice and pointers to solve this problem please. I'm not very good at precis so please bear with me - I can clarify anything that doesn't make sense to you. Situation is that a divorced couple have a joint mortgage for the former marital home. One partner has moved out. The spouse remaining in the…
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Selling with ex-partner on mortgage - desperate for advice please
Hi, I have spent days Googling this but to no avail - the situation has been hanging over me for a long time and is starting to get me down now. Here's my story... I have recently got married. As a result of this I have moved in with my wife and now want to sell my property. My ex-partner is still on the mortgage for my…
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Is there ppi to on old mortgages?
I had a mortgage with my ex husband which closed in 2004/2005, what can i claim back, any advice greatly appreciated. and will i need my ex husband to do a joint claim??
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FTB Advice please
Hi all Would appreciate some advice. Have just had mortgage application rejected by Britannia via Share-to-buy on the basis of "bad credit in the last two years". It's a joint application, 90% LTV (house is 152k, we have 15500 deposit). I earn 43k, my gf earns 14k. Have reviewed my Experian report, it's 981 (excellent) but…
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FTB advice Needed
Hi all, My wife and myself are FTB. we have made an offer on a house of 113,000 and have had it accepted. Now comes the tricky part of securing a mortgage. We first applied with nationwide and they turned us down due to our credit rating possibly as we have not built enough credit (we are 23 and 21 with no credit cards,…
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Endowment pay out due - overpayment or savings?
Hi I hope someone can help clear the fog in my head. I have a mortgage that is split between repayment and interest only. There are 9 years left on the mortgage. The current mortgage is fixed at 3.75% until 02/16. The interest only loan stands at £62,000 An endowment policy pays out at the end of this month - £40,000 I…
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How is endowment payout paid?
Hi my ex husbands name is still on our endowment policy - but has surrendered all rights in our separation agreement. When the policy matures - how is it paid? Clearly I don't want a cheque in joint names as we have no joint account anymore. Can it be paid straight into mortgage account to knock off balance? Thanks for…
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Mortgage off to completion
Hi all Just wondering the average time scale for mortgage offer to completion for a first time buyer moving into a house with no chain. We have paid the search fees and have been told that our solicitor cant commence searches until they have the paperwork from the vendors solicitor. We have the valuation done too. Can…
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is this true? mortgage question
Hi ive just heard from someone that if your trying to sell a property and cant due to negative equity, then your mortgage lender can allow a transfer of mortgage from you to a family member whos looking to buy so they can take over the mortgage (effectively a transfer of name and resposbility) so they can continue to make…
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Mortgage overpayments
Hi, I have been overpaying our mortgage by £200 for a few years now, but the payments due has never changed, I phoned the company up about this and they told me to go into a branch to recalcule my mortgage and it will come down, am I doing the right thing doing this?
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Consent to lent advice
*Consent to rent Hi all, im wanting a little advice regarding the above. Ive recently requested consent to rent from my mortgage provider, they have asked me to inform them, amongst other things, what the reason is that i/we want to rent our house. The reason we are renting is for long term investment, however initially we…
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Where to start? First house
Hi, my DH and I are looking at buying our first house but are rather clueless on where to start. We have £15,000 saved and about another £5000 elsewhere as back-up savings. We don't want to stretch ourselves financially as we may be looking at trying for a child next year which would mean a drop in earnings. Currently earn…
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Endowment provider no updates
Our endowment policy with Scottish Life finishes in the next month. Realising they had not been in touch i phoned to determine the procedure for payment only to be told that they had lost my address. On enquiries by myself it transpires that the last contact from them was 5 years ago at the correct address (which is still…
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Advice on mortgage age.
Hi does anyone no in 2006/2007 what was the maximum age the Abbey/Santander would give a mortgage thanks.
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Time between mortgage offer & completion - what can go wrong?
We have a mortgage offer from Nationwide (confirmed in August and valid until January). We are buying a new build which should be complete by December (and our contract allows us to back out if we cannot get a suitable mortgage if after this date). Our financial position will be exactly the same (in all likelihood) and we…
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Deposit question
FTB. Looking to buy in the next 3-6 months. I currently have £20k saved (and plan on saving at least 10k more by the time we buy) and dad will help with another 30k. Is it worth him transferring the funds to my savings account now or wait closer to the purchase time? Thanks
