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Bank Account transactions - Mortgage
This might sound like a daft question but its something which has been on my mind. If you are applying for a mortgage and they look at your bank account, do they look at individual transactions which have come out. eg I have a betting account for bet365 and am regulary transferring money to and from this. only small…
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How much deposit to save for FTB?
Hi all I would like to buy a house at the end of the year as a first time buyer. I am 34, my wife 29, I would like to borrow £230,000ish. Our situation is below: My salary: £44,000 Wife's salary: £31,000 Debts: None (occasionally use overdraft) Savings: None Wife's credit history: Clean My credit history: Bad in 2004 and…
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Remortgage to Nationwide valuation?
Hi guys Am looking to remortgage to nationwide at the mo, all going well so far, affordability was passed to underwriters because of existing buy to let mortgage on another property, but that was passed ok, so am awaiting an appointment to submit the full application. We currently owe 104k but have some recent inheritance…
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Scottish amicable endowment
I have a Scottish Amicable with profits endowment that matures in December, having paid in £46 month over 25 years, what can I expect to receive. Is there anyway I can calculate this
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FTB need help regarding making an offer
Hey Guys just need a quick advise. we looked at a property we liked when we went to make an offer at asking price we were told by EA that someone else has already made an offer on the property however we can still make an offer whoever gets the survey done first basically proceeds with the application now we are FTB so not…
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Nationwide fees
Hi, I'm sure this must have been asked before but couldn't find it. I applied for a Nationwide mortgage last year and it is due to expire soon. I paid £99 upfront with £400 of fees to be added to the mortgage. Obviously I will lose the £99 if it expires but will I have to pay the £400? This is the wording from their…
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Mortgage to help daughter to buy house and to fund son's education in USA
Hi. Could I ask if you think it would be possible for my I husband and I to acquire a mortgage to help our daughter to buy a house and also to fund our son to go to the states to continue his education over their doing a golf scholarship We are 55 have finished paying our own mortgage but would be looking at a mortgage of…
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Remortgage- free legal fees when using our licensed conveyancer
Hello all, I am remortgaging for the first time and noticed a 'Free standard legal fees when you use our licensed conveyancer or £250 cashback' deal with the nationwide. If I am remortgaging do i need a licensed conveyancer? Any advice you can give would be great.
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Getting a mortgage on benefits
Hi, i would like to remortgage my house for an extension and would like some advice. I care for my son who is 19 and severely disabled. I am therefore on carers allowance which is about £200 a month, and income support which is around £1,200 a month. I also get DLA higher rate and mobility for my son which is around £550 a…
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FTB - Chances of getting a mortgage
Hi, I am trying to figure out what chances my wife and I have of getting a mortgage in our current situation or what we would need to do to get ourselves in a position where we would be accepted. Basic facts: My Salary: £45,250 Wife's Salary: £15,000 (both full time permenat employment) Savings for deposit: £15,000 Debts…
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Updated
Hi all, Sorry if this has been posted before, I am about to apply for my first mortgage and wanted to ask some advice on Credit Scores. My credit rating is in the high end of 'Poor' almost in 'Fair' (Experian Credit Rating Scores). Will this be an issue when applying for a mortgage? What is my best options at this point?…
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Remortgaging valuation, windows not included?
My husband called nationwide yesterday to ask about rates and get advice as our mortgage deal is coming to an end. His sister has just remortgaged and got a better deal after doing a new valuation of her house as she has had a new kitchen. Since moving into our house we have had brand-new upvc double glazing and he asked…
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Remortgage advice
Hiya After some advice on behalf of FIL/MIL. Unfortuantly they had an endowment mortgage that was supposed pay off the mortgage this year but has left them 40k short. Their house is worth around 170k, they currently have a interest free mortgage with Santander at 4.14%- seems pretty high to me. Think the problem is they…
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Just been turned down for the decision in principle
Ok i'll start from the beginning... I have been bankrupt in the past but i have been discharged 7.7 years ago, I thought as it was such a long time ago then i'd have a good chance now to get a mortgage... Big mistake. I am with nationwide building society and i heard from several sources online that they are the best for…
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Santander - great experience
Hi there Just a quick message to make a change from the usual horror stories on here to stay how great an experience we have had with Santander. Basically whole process from start to finish took 2 weeks and have our formal offer today, moving in early April. Have been well communicated with, great rate and overall fine…
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..... I have a cunning plan!!!
Hi all just going to run this past ya... Trying to help my son get a foot on the housing ladder, I have a plan... I currently let out a property that's worth approx 115k The monthly rent is £650 and the tenants have been in situ for eighteen months. The outstanding mortgage is £35k and it is residential mortgage with…
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Wonga account
I took out several payday loans 3 years ago. I read my call credit report today for the first time and found these were added to the report. Unfortunately I was late paying on one but obviously settled not too long afterwards. Given they are 3 years old and this is increasing all the time what effect would this have on my…
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How to get mortgage on renovation project
I'm renovating a house, I'm the freeholder, I need money to finish the project. However, banks reluctant to lend because there is no kitchen in the house. Any advice on how I can get money, looking at £80-100,000. Thank you in advance.
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Open market home buy scheme
Hi Guys, Just wondering if any one can help us with the above situation. My wife bought a flat through the home buy scheme under the Labour government at the height of the market. The flat has now decreased in value to the point of being in negative equity (15k below the value we bought at). To our knowledge there is no…
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Remortgage Advice....
Hi All This is my first post!! We currently have a LTV 85% and are looking at having a loft conversion. Our fixed rate comes to an end in April - are there any mortgages out there that would allow us to borrow more for a loft conversion?! Thank you in advance for you help :)
