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Taking over someone's mortgage
Hi there, I am after a bit of advice - I've had a search on here, can't find anything. Is it possible to step into and assume someone else's mortgage? In a nutshell; My Dad passed away recently and (amongst other things), left a large estate (in volume, not in value). However, the house and mortgage were in joint names…
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95% mortgage FTB with fair experian credit rating
Hi, Can anyone offer me any advice?!? I earn 32,000 have been declined a save to buy mortgage with Nationwide last month. I'm looking at houses worth £100,000 so require £95,000. I owe £1,500 on credit cards and have a car loan of £10,000 which is £329 per month with 4 years left. I checked my credit score with credit…
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Two Mortgages
I am away to buy a new build property for £200000 and I am part exchanging my current one for £98000. I currently have an interest only mortgage with the Woolwich, which has 6 years and 7 months to run with a balance of £39000 to be paid at the end. I plan to use £62000 from savings to fund the purchase. Can I keep my…
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is it normal for a mortgage provider
is it normal for a mortgage provider to try to get us to hand back the keys at the repossession hearing London mortgage Co did without even seeing the judge he saw in our favour luckily but he made it seem like his was our only option is this allowed. help v much appreciated.
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Mortgage ending but selling flat
Hello all, The mortgage on my flat is coming to an end soon when it will go to the standard variable rate (SVR). It's currently 3.69% and the SVR for Santander is 4.74% and I have £39,500 oustanding. Using an online calculator it works out that my monthly repayments would go up by about £20 a month. My house is currently…
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Mortgage for a property worth 30,000, possible?
So, I've seen a house I like, its priced at £30,000, I think I could probably get it (or a similar property) for £25,000. I have a deposit of around £5000. I earn under £10,000pa, however doing the figures I could easily afford monthly expenses etc. Whats my chances of geting a mortgage?
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FTB with a bit more than 5% deposit
I'm a first time buyer and have a 95% mortgage in principal. I am in a position to put down a larger deposit but not enough for 90% LTV. It will mean that I can buy a slightly more expensive house but borrow the same amount. Is this something which lenders will agree to?
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Reasons for a mortgage
Hi, I have 2 flats, neither of which has a mortgage on it as my mum helped me with one of them, but i would like to take out 100k to pay her back. One is a rental so makes sense to get it on there for the tax break - is there a legitimate reason to go to a bank and ask for a mortgage?
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mortgages vs 5% gifted builders deposit and incentives
Hi there, I have started a new Thread as I couldn't find any new post regarding this subject. Me and my husband we are buying a new house from Taylor Wimpey for £250k. They have offered us a 5% builders gifted deposit and also developers incentives. I know that some of the banks are not happy about this, as this will…
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Mortgages for FTB with low deposit
I've looked at some 95% mortgages and I was wondering if the house has to be a new build or not and if the Save to Buy schemes are worth it. I have a relative who will be able to help me get together a 5% deposit (along with mine and my OH's contributions) and I'm looking at a house around 60K if possible. I don't have a…
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Moving from Off-set to Repayment....The Practicalities?
Just a question for those that have done this: What were the practicalities of moving from an off-set mortgage (Virgin One, RBS One, Natwest, Etc) to a 'normal' repayment mortgage? Particularly interested in how you go about ensuring you had 'spent' enough of the available balance or facility to ensure the new mortage paid…
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Self-employed and employ partner: mortgage query
Hi everyone, My partner and I are looking to move home in the next 6-12 months. I have been self-employed for many years, and recently started employing my partner for admin duties (paid properly as an employer through PAYE). My question is, does anyone know if lenders (particularly Nationwide) would accept my partners…
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Gaining a mortgage on a project house
Hi I wasnt really sure where to post this so have posted in the house buyin section as well We are looking to buy a house with LTV of 85%, at this low deposit amount on a property how much work will a mortgage company be happy for us needing to do when we move in? Can they sometimes be cautious about lending when there is…
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Equifax: Credit history; what else?
I have my equifax credit history. I suppose I should pay them to check their credit "score" on me also? Is there anything else I should do with them before I cancel my one month trial?
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Providing extra information to lenders
I have a couple of missed credit card payments on my credit history (a year or two ago). I have bank records that clearly show how I am (or was) just a disorganized twit rather than a financially reckless or insolvent one - i.e. I always had a large bank balance but didn't pay off the much smaller credit card debt. Can I…
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Getting a quote before you're ready to get a mortgage
I'm not yet quite ready to get a mortgage, but I want to know whether I'll get one. My landlord is selling up and there's not enough time to buy before I have to leave, so I need to find another place to rent first. The London housing market is full of, er, compromises, so to find a place I feel happy settling for, it…
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I've moved in! Dave Ham is AMAZING!
Hi everyone Just wanted to say a big thanks to you all for your support while I've been dealing with the pure hell that is buying a house - I don't post often but I get a lot from reading threads and reading other comments people have made. I moved into my house yesterday and I'm absolutely thrilled, it's a lovely house. I…
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Default Balances on Credit Report
Hi There, I'm new to this forum and to be honest I'm quite inexperienced when it comes to my credit status etc. I've placed this query in the mortgage section because me and my girlfriend are looking to get a flat between us rather than rent. I've taken a look at my credit report and its very poor (504 rating to be exact)…
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First time buyer needs some basic but very important advice please
We have started to look around for buying a property as first time buyers. After doing the calculations, it turns out that after paying the mortgage (fixed for 2 years at 4.59% with 10% deposit) and other usual expenses we won't be left with much to save and it would be a stretch - at least in the near future. Now as the…
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Remortgage of a BTL with Halifax
Hi, My fix rate with halifax is coming to an end next month. I'm currently on 5.19% which reverts to 4.84% variable(BTL). Rang Halifax and had a hell of a shock,got quoted 6.19% for another 2 year fix WITH a £995 fee...ouch. Now i'm quite pc savvy and have found a deal at 4.09% with a 2.5% fee fixed for 5 years with virgin…
