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Mortgages for defaulters?
I have 9 defaults on my credit file for unsecured debts. My husband has a clean credit file. We have a joint mortgage with 9 years to go, we have never defaulted on any mortgage payments. I am in the process of making full and final payments to all my creditors and will be free of unsecured debt in a couple of months.…
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First-time mortgage deposit from 3rd party - Problems!
Hi guys. I'm in what surely can't be that uncommon a situation; my girlfriend is looking to take out a first time buyer mortgage in her name only. She has no deposit money. I do. But I can't go on the mortgage as I've not got a permanent contract at work and already have a joint mortgage. So I just want to give her the…
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What sort of financial evidence would a mortgage lender require?
What forms of evidence would a mortgage lender ask you to provide in order to prove: 1. Your salary 2. Your deposit The reason that I am asking is that I usually pay the vast majority of my monthly earnings into my partner's account each month, as she deals with all of our day-to-day business and savings. Due to slightly…
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Help to Buy - do all mortgage lenders qualify
Hey all, We just got an offer on our house. Having a look around what houses are available for me to buy next, and there is a newbuild which I like, but wouldn't really like to fork out the whole amount for since it is right at the top of my price range. But have heard about the government help to buy scheme. I have a…
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Off plan new build valuations
Hi, Just been speaking to HSBC regarding a mortgage for a new build we're interested in buying. The house won't be completed until December and the foundations have not been laid yet. HSBC informed us that they could not proceed with a formal mortgage application until the foundations of the house were laid. Has anyone…
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Mortgages for Flats above Shops
Just looking for thoughts - am starting to house hunt for my first home and living in London, many of the properties available are above shops and commercial units. Have read various thoughts on whether these are a good investment or not but my main concern is how easy are they to get a mortgage on. I appreciate they have…
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Fairly new on the property ladder
Hello from a Newbie :wave: To finally get on the property ladder, I had to buy a shared ownership flat. I own 50%. I took out a mortgage for it and have been paying rent along with the mortgage. I am not tied in with my mortgage so can switch without penalty. What I am thinking of trying to do is buy the other 50% of the…
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Getting a mortgage on a house with no kitchen
I was preparing to view a respossed house this weekend (to live in not BTL). The house appears in pretty good shape with fully fitted bathrooms in place. However, the previous owners have completely removed the kitchen - there is a designated kitchen area but nothing in it. I have today been advised by a friend that it…
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Is it possible to change deal with same lender mid term?
Just curious but is it possible to say extend the term of a mortgage or switch to another rate ro product with the same lender penalty free? Thanks
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First time buyer
Hi, I need some advice. Me and my partner are looking for a mortgage on the property we currently rent. I earn 17k and my partner approx 8k. I have applied for a mortgage in principle through skipton building society but have been declined. im now frightened to try anywhere else. does this mean we will never get a…
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Mortgage advice
Hello all, I wonder if you can help? :) My wife and I are hoping to buy a house soon. I have 10,500 in a Nationwide Save to Buy account, this is joint with my wife. In theory this would get us a £200,000 mortgage. We have between us 5,000 credit card debt (hopefully down to 2K in June) I earn £45,000 and my wife earns…
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end of 2 yr fixed term - what next?
Hi everyone, So my wife and I bought got a mortgage and bought our first home (as first time buyers) almost 2 years ago. We are joint owners on the house. Initially when we got the mortgage, the deal was on a 2 year fixed term basis. I would like to know what happens after the 2 years is over? I believe this date is…
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FTB Mortgage - realistic chances?
Afternoon! Been doing a little bit of looking around the internet the past few days, and I'd really like some advice on my situation. I've got a relatively small amount in my savings, and I've seen a property for sale at about £60,000. What are the odds of me obtaining a mortgage. I could probably get a deposit for about…
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Fixed rate mortgage changing to SVR during term
Hi, I'm a first time buyer and poster looking for some help. I acquired a mortgage offer from Accord in March, 2 year fixed at 2.84% which is valid until September. I assumed this would mean I'd pay 24 payments at 2.84 before moving onto the SVR at 5.99 when I would then remortgage regardless of when our sale actually went…
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Barclays Springboard Mortgage ... Advice!
Hi All, First post here and it's a long one so hoping you can bear with me ... My husband was previously married and left his last relationship with a significant amount of debt. £25,000 to be exact! :( This currently cost us over £600 a month in repayments. :( :( I had a few thousand pounds left over from debt that we've…
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Borrowing more on first time mortgage
Hi there, I'm in the process of obtaining a right-to-buy council flat. With the discount, the total cost of the flat is £44,000. Basically I need a mortgage and need to borrow more than what the flat is worth... for A) Home Improvements and B) To pay off debts. I am in a steady, reasonable paid job, good credit and would…
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Withdrawn Mortgage Offer?
Right here goes... My partner and I are in the process of buying our first house together (20 and 23 years old), it is a 50% buy 50% rent property aimed at first time buyers. Through our mortgage advisor we applied for a mortgage with Nationwide, and we offered a mortgage fairly quickly... However, somehow our advisor…
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Help to Buy
Hi Everyone, My fiance and I are looking to buy our first home later this year and were considering applying for the help to buy scheme. I know it's early days but does anyone have any experience of having applied, what the process is, would you recommend it etc?
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I don't get it
We had a valuation today which we are keeping our fingers crossed will be ok. My husband says that if they put the value lower, then we actually have to pay a bigger deposit. I don't get it. Surely if the valuer says the property is overpriced, the seller has to drop the price (which we are paying asking price for), and…
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Turned down for remortgage because of IVA
Hello, I hoping someone can help me...I currently have a mortgage with TMB but I want to remortgage for home improvement purposes. I have checked & can more than afford it, my credit rating is sitting in the 'excellent' category and I have over £80K equity in the house and want to borrow £25K. I did my homework & thought…
