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First Direct consent to let 2013 - no chance?
My wife and I have just had our first child and, having previously thought we could make do in our 2 bed flat, we were obviously being a bit optimistic (I work from home so room 2 is an office). We would like to hang on to the flat as an investment, as it's a great little place in a great location. Our mortgage until May…
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Mortgage offer
I got an offer from a bank for a borrowing of: £175k 3.49% 5 year fixed Interest only Ltv 50%. Are there any banks out there than can beat this offer?
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Conveyancing services after mortgage offer...
Apologise if my question is silly or very basic as I am new here in mortgages and very confuse. Yesterday I received a message from Nationwide that they have now issued a formal mortgage offer. I am now waiting for original offer documents. - Shall I wait for original documents first before instruct to my solicitor to…
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Paying Mortgage Capital with Cash ISA's
Hello, im a newbie.... I've have posted this question in frustration of my mortgage provider, C&G I have had an interest free mortgage for 4 years, 2 years at 0.89% and the last 2 years at 2.5% Total borrowing is 270K over 25years Here's the question that i hope someone will be able to answer: "if i were on a repayment…
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Paid Up Endowment options
I have a 25 year low cost endowment with Zurich due to mature in March 2018. I've had information from them about the options and likely returns if I surrender the policy now or keep it until maturity or make it paid up now. I don't want to surrender the policy but the difference between making it paid up now and keeping…
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FTB mortgage whilst on maternity leave
Hi, Just wondering if anyone knows about getting a mortgage whilst on maternity leave? I'm due to go back in October of this year and am on SMP now. Do lenders count SMP as my income or the salary I was/am going to be on when I return in October? Thanks
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transfer of equity or...?
Wonder if anyone can help please though I strongly suspect things aren't as straightforward as I'd like to think..
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First time buyer classification
I went to my local halifax regarding.my account several weeks ago. Whilst speaking to the advisor we started talking about mortgages and I told her my partner and I did not qualify for a first time buyer product as she owns a property in another country. The advisor who was polish looked surprised and told me her husband…
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Applying for a mortgage after divorce
Hi. Does anyone know what the chances are (or if it is even possible) to apply for a obtain a mortgage after divorce. Would my (ex) husbands credit rating be taken into account even though we are divorced? We don't own any property together or have any other mortgage (both joint or separate) and all our finances, bank…
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Low Mortgage amount
I have recently completed my Right-To-Buy application with the council. I have received my offer price which, after the discount, is £28,140. I have a deposit of around £10-12,000 leaving around £15,000 and would like to pay off the debt in around 5 or 6 years. After checking various websites, I have found that most do not…
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Do wholesale lender rate sheets exist in the UK?
Hello, I've seen a few rate sheets in the USA and there are quite a few articles on the net about the same, e.g. http://www.wikihow.com/Read-a-Rate-Sheet, however I've never seen one in the UK and I've not been able to find any information about it. Do these sheets exist in the UK? If we go with a mortgage broker here,…
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Mainstream Lenders and time at address
I've recently moved to a new house having moved from the Republic of Ireland to Northern Ireland. The only lenders I really stood a chance with were those with cross-border operations such as Danske Bank, Bank of Ireland and Ulster Bank. Now that I've got a mortgage, how long do I need to wait before the mainstream lenders…
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CeMAP module questions
Hi everybody, I need to train as a mortgage advisor. I have no previous experience in the field. I'll be working with somebody who wants to start this is a new business. I've just started reading module 2 which contains mortgage law knowledge. Do I need to do module 1? Also, should I do module 1 first before module 2? I…
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Acceptable reason to consent to let
Called mortgage express this morning to get a consent let while speaking to them they have said they will send an information pack out and application the gent did they on the form it will ask what the reason for the consent to let so i am thinking what would be acceptable as i need to rent it out as i am buying a new…
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Paying off my Mortgage Balance with an Interest Free Credit Card
Hi, I owe 29k on my Mortgage and have approx 15k in savings, I have an offset mortgage currently. Its getting to the point in time to think about paying my mortgage off. I am just wondering when the balance gets to say 10k, should I pay it off early with an interest free credit card - for example Tesco have just got an…
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Self-employed mortgage - low LTV
Hello everyone I have been self-employed for about 2 years but the first accounts in 2010/11 were a training period with a loss of £6,000, the next accounts were a partial trading year with a profit of £10,000 and this year I am on target for a profit of £25,000+ and growing steadily. My wife also has a part-time job for…
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New mortgage when just out of dmp?
Hi I'm now a single parent and work full time. I want to buy my ex out of my house and am wanting to get a mortgage. I have been on a dmp and have just offered full and finals, on my debts whatever happens I can afford to pay the debts off ASAP. I am looking at Halifax as I see they include tax credits. I also have an…
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Fees or Fee free? Calculations?
We are looking to re-mortgage fairly soon as our fixed rate runs out at the end of May. (We don't want to go on to the SVR as its ridiculously high, in excess of 5% (Dunfermline Building Society)) We are very likely to be going for a fixed rate for 5 years with a term of 17 years. We have no issues with credit, jobs or…
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Interest only mortgage
Hi, I wonder if anybody could help me out here please. I have been trying to work out my problem using the mortgage calculators but am having alot of problems understanding them:eek: I have an interest only mortgage with dead on fifteen years left to run on it. I have no repayment plan in place and am thinking of…
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Remortgage Advice - Loans from Family Overseas
Hi, Me and my wife have been a resident in UK for a while now. I am currently on a Mortgage on a home that is on negative equity and it is coming for Remortgage. Just when I was giving up hopes on a better rate for remortgage, My parents have decided to lend some money to help us out. The problem is they are not residents…
