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Thinking of doing a buy to let
I have a diary on the MFW board and it was suggested that I pose a question on this board as you are all very knowledgable :) In a nutshell I am thinking about buying a property and letting it out to my mum. 2 questions have been raised by other members:* Can I get a BTL mortgage if the tenant is my mum * Could my mum…
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When current deal ends...?
Hi all, We currently have about 20 months until our 5yr fixed term ends. We currently pay 6.5% so are very much looking forward to it ending. My worry is that at present we still owe £134,000 on our house which is currently valued at £140,000. If you say over the next 20 months it will be down to £130,000 meaning the LTV…
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Buying a house...advice needed please
Hi, We have recently been accepted for an 80% mortagage on a house we have seen for 105k. The house is in need of modernisation, for exampke it needs a new kitchen, bathroom and heating system. My question is, how would it work if we wanted to borrow an extra 10k to go towards the work it needs doing taking the mortgage…
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Bank banks changing self employed Ltd mortgage critera... SA302 notes
In the last few months the mortgage companies who had previously used salary & dividends and included retained profit in company (as sole shared holder) will now only take SA302s as my income. You have to phone HMRC and request SA302 statements to get them & I had to explain why as it is not one of the documents they…
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House buying - Solicitor recommendation
Not sure this is the correct area for posting, so I apologise in advance. I am looking to purchase a property and need some recommendation, I live in south east london (SE5 7HL) and therefore need a good solicitor in this field. I prefer a local firm incase I need to go to their office to sign paper work etc. What is a…
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Halifax rejection appeal be successful?
Hello, My husband and I have applied for a mortgage with halifax got a decision in principle went to full application but got declined, my husband has a default which is only 15 months old, this is in dispute with a old bank account Santander and the financial ombudmons is investigating the default was for £27.00 but with…
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Thoughts please
Just need to talk to someone! My partner and I had our offer accepted on a house that would be great for us. Offer 169000, mortgage needed 92000. Thought everything was going well, now it appears he cannot get a mortgage due to a poor credit history. Owes no money now but did up until 3 months ago. I am not working at…
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Additional loan added to mortgage
I would like to borrow some money for home improvements, I thought I might ask my current lender Santander for an extra £10.000 on my small mortgage, I am self employed and need a SA302, I actually dont think I earn enough (6.000) last year topped up with WTC . But if I apply and am turned down, what happens? do they look…
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A little mortgage advice please?
Hi all, I'm very sorry if this is a repeat question but I have trawled the net for a specific answer and can't find one so here goes... I currently have a repayment mortgage with natwest and have recently decided to regain control of my money... so after reading about front loading of interest on mortgages, I figured (as…
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Mortgaging a leasehold vs rent
Hello everyone, I'm a bit new here but I'm after your opinion. I've seen a nice flat for around £60000 that is leasehold but has 113 years left on the lease. I'm 23 years old and I have a 20% deposit. So here is my question: Would it be worthwhile mortgaging the flat then selling or renting it out when I'm married/ready to…
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Low deposit will i get accepted?
Hi, I would like to buy my first house towards the end of next year. I earn £40k a year and i want to buy a flat in south london for around £180k. I have £10k at the moment deposit wise plus i am going to sell my sports car. So i am hoping to have around £25k to cover deposit fees etc. I have a good credit rating. I was…
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Mortgage application rejected - Halifax
Hi Guys Not sure this is the right place for this but as it's related to a mortgage application I'll put it here. Mods, feels free to move it to a more appropriate place if needs be. So anyway we had a chat with Bank of Scotland/Halifax about a mortgage as they'd called me to say they had some great deals for existing…
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Worried about affordability
Hi. I was wondering if anyone could offer me some advice/reassurance. We have just had an offer of £250K accepted on a house and I am worried about the mortgage going through. We would be moving home and should hopefully have a 15% deposit. I've found a mortgage with the co-op which would be only about £70 per month more…
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Britannia fee-free exclusive
Hi, I am a FTB with my partner and I'm looking at 90% mortgages. We're both junior doctors (not considering Scottish Widow as they don't actually provide the best deal at this LTV). Just wondering if anyone has any experience of or opinion on the Britannia fee-free exclusive through Sharetobuy? Please bear in mind it is a…
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mortgage after seperation with poor credit history
I will try to keep this brief but i really need some advice. I have 2 ccjs from 5 years ago, one is settled, i also have a secured loan which is now unsecured which i am paying £10 per month for and will disappear from my file in April 2013 it shows on call credit and equifax, not experian. A mortgage account is settled,…
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Nationwide Mortgage & New Build
Hi all I've received my Nationwide Mortgage offer and thought all was going well until I found out that my conveyancer has to inform Nationwide about any builder incentives and get their approval before we can proceed. I'm not expecting any issues over some lawn and carpets although I am part-exchanging which does have to…
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Help with credit score and mortgage
Hello, I'm looking for some advice and this subject is very new and scary :o Basically, my husband and I want to buy the house we are currently living in. It was my mothers, who passed away earlier this year, and we have been maintaining the payments and everything while we waited for probate to be completed. It has been…
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self certificate mortgage
can you still get a self certifcate mortgage?
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FTB - Deposit Question
Hi everyone! We have our mortgage approved and everything has finally gone through to valuation which is happening Monday!!!! Yea!!!!!! We are currently tennants and so have asked for a completion date end of feb as this is when our term ends, which everyone is happy with. Wednesday we will pay our search pack fees to the…
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lost money on a Mortgage application
Is there anyway to reclaim money off a building society for poor service when applying for a mortgage? The lender in question messed about for weeks, and in the end offered less than they said they would. I now have to go to another lender, get another survey etc. I know the 'processing fees' are gone, and I understand…
