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Living on your own.
I have a decent sized deposit on a house for £75000 in Birmingham. A rough mortgage monthly payment for me would be about £290. What would be average living costs for a two bedroom house or what do you pay on where you live? Please include: Electricity Costs Gas Costs Council Tax Buildings insurance Food and alcohol TV…
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Advice regarding mortgage please ;)
Hi all, Have been looking thru the web and all the comparisons etc.. but there are too many choices, and it is difficult to determine which to choose, especially since in this country there are so few fixed term products! Background:- I am originally not from the UK but have indefinite leave to remain, having been living…
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Halifax Mortgage via Broker or not?
Our broker has recommended that due to our circumstances we apply for our mortgage via the Halifax. We both bank with Bank of Scotland and so are fine with this, however, I have just done a quick search on MoneySupermarket to compare the brokers quote, using the same details, and while the monthly payment is only around…
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Why buy to let?
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Reposessions in area causing house price drop
I live in an area where there have been a lot of reposessions and deaths(due to there being a large amount of older people living on the estate) and thus houses sold at auction. This has had a pretty big impact on the value of my house. I've had a couple of valuers come to my house and they have both giving me valuations…
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95 % Mortgages - the +/-'s
Afternoon Folks, Myself and other half have recently relocated to London from Aberdeen and currently paying a small fortune for a rental property. As a result of the increased rent values in London over what we are used to "up north", we have thought we should try and gain a picture of how far away the prospect of…
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mortgage help + transfer of equity + not on deeds for 6 months
Just after a bit of advice please, I have just been put on the deeds of my fathers property as tenants in common in the form of transfer of equity. In other words if my father was to die I would get full rights to the property. This has only been done last week by our solicitors via a TR1. Please bare in mind the property…
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Mortgage Help Please, Have Not Been On Deeds For 6 Month Problem???
Just after a bit of advice please, I have just been put on the deeds of my fathers property as tenants in common in the form of transfer of equity. In other words if my father was to die I would get full rights to the property. This has only been done last week by our solicitors via a TR1. Please bare in mind the property…
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Advisor/broker career advice
Hi guys, I'm new to the forum and just have a couple of questions if you'd be kind enough to help me out! I've been working as a mortgage specialist for a bank for 6 years now, and I want to take my career further. I definitely feel that I'd like to go down the advisor route as I think my skillset would suit the career…
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Bridging loans
Hi I have a BTL property that I own with a mortgage, I'm renovating a second BTL, I want to become a professional landlord but I understand to get to the point I want to, cash flow will be a problem at certain times. I have spoke to a few people regarding raising funds on my BTL to finish my 2nd property. I have heard of a…
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Mortgage dilemma
Just after some advice. My wife owns a property abroad with family. She owes approx £135K on it and pays about £800/ month. She is trying to sell at the moment but the market inst doing to well. We would like to buy a family home in London. My wage: £50K /year, £2,700/month Her wage: £21K/ year £1,400/month Expenses: £400…
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is it possible to be lent 5x salary these days?
obviously credit rating permitting. Cheers.
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mortgage advice please?
Hi-- we are about to purchase a house (first time!) with a 25% deposit. For various historical reasons the mortgage will be with Lloyds (we should have shopped around but thought it would be easier to stay with this, our current bank...! But there we are). Anyway, our problem is this: we would like to maybe borrow more…
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HSBC approved solicitors in Scotland?
Hi there, Does anyone know who the HSBC-approved solicitors are in Scotland? My understanding from various internet sources is that there are only four, but I can't find the names anywhere. I have spoken to four different people at HSBC this morning to ask this question, all of whom told me I had rung the wrong number and…
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Help! Purchase Price on Mortgage Offer Incorrect
Hi All Looking for some help (actually its reassurance more than help!) I am due to complete my house purchase this Friday. My Solicitor has just called me to advise the purchase price on the mortgage papers are incorrect ( the Purchase price is 121k and the price on papers is 120k) This does not affect the amount…
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Halifax mortgage promise
Hi all I have applied and been granted a DIP with the Halifax, read on here some horror stories about this being unreliable. Just wondering what they've done at this stage to assess my suitability? I have provided 100% factual info and let them know I have a 4 year old satisfied default, they accepted these and offered…
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Newbie with questions about Negative Equity
Hi, I am intrigued to find out what you would do if you were in my shoes.... The circumstances I find myself in are as follows: 1). First time buyer who purchased a new build property in 2006, !in the North West of UK. 2). When purchased stupidly took out 95% mortgage and since then (stupidly again) a secured loan in 2007.…
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The Firstbuy scheme
Guys in a few years I will be looking at getting my first house. I have looked at the Firstbuy scheme (http://www.rightmove.co.uk/firstbuy/) On paper it sounds great and it says the following about the house I like: FIRSTBUY PRICE BASED ON 80% / 20% SHARED EQUITY SCHEME. FULL PRICE IS £169950. Aimed at first-time buyers,…
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Ccj on equifax report, but not on Experian - can you get a mortgage?
Hi all House moving is what every one seems to be doing in my family for some reason! my brother and his girlfriend are planning on buying their first property and he has recently acquired his credit reports from equifax and Experian. On his equifax report (score 453) he has an unsettled CCJ for £923 from July 2007. He…
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Bit of advice please
Hi I'm looking for a bit of advice, I recently ordered my reports as I'm looking for a mortgage soon and knew I needed to make my file look as good as possible. My problem is a strange one, I got a default notice in march from h&m for £31 I paid this in full the same day after checking my files I admit it was my fault I…
