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First Time Buyers?
Hi there, I am 26, with a credit rating that swings between "fair" and "good" (back in the good for the first time in a year, yay, up to 912!), one defaulted account since settled from 5 years ago. My partner is 30, with a "fair" to good credit rating as well (although not sure what his exact details are, rating wise). A…
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Capital paid off in first two years of mortgage
Hello, I have been approved a mortgage of £112,500 with a LTV ratio of 69% (£51,500 deposit). I have worked out that when the 2 year fixed term ends, in order for me to qualify for the 40% LTV rates, I will need to have equity greater than or equal to £65,400. Please could someone give me a rough idea as to how much…
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HSBC - Gap between offer and decision in principal
Went to HSBC and got a decision in principal for £400k based on information supplied. Went and found a property based on this. Now we have come to do the full application they are only offering mortgage of £337k. A £63k difference. I'm employed and I don't suspect there are any issues there. My other half is self employed.…
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Help to buy - Orbit
Hi guys, so I am planning on getting a mortgage, on the help to buy scheme. I have to go with natwest as Halifax have said they wanted 15% from me instead of the 5%. The broker has said that they are going to submit a FULL application instead of getting an agreement in principal, before they can do this, they have sent off…
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First time, just looking for advice for the future
Hello all, I'm new to mortgages, and I am only posting this thread to get some ideas for the future. Please do realise that I am NOT applying for a mortgage now or in the next few years. I just have some questions that I want to get my head round. Ok, so I have been on banks websites etc. and used mortgage borrowing…
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Remove Name or Buy to Let?
Hi Guys, My self a friend bought a house together 4 years ago, and recently both decided to move out from the house and in with our girl friends. I decided to buy his half of the house and have paid him the equity. I have a poor credit rating and although earn a good wage, have three defaults, two to fall off next year,…
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Need Legal Help Please
Not sure if this is in the right place, but I need some help. Just over 6 years ago, my now ex wife was declared bankrupt, and as part of this process, I had to buy her share of the house from the receiver. A year later, in an effort to reduce my outgoings, I wanted to remortgage the house with my then bank HSBC. I took…
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Mortgage and credit file
I am not sure if the folloing will be an issue with a mortgage application. I am just waiting for my credit file to be updated with an alias - my maiden name after getting married last year. A the moment only accounts in my married name appear. We are about to apply for a mortgage and as far as I am aware have a completely…
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Let To Buy - How to Split the Loan
Currently own property in London which has been let out for last 8 years as working overseas (exceptional permission given to rent). Now returned to UK but relocated to Northants so keen to continue letting it. Plan to use switch to buy to let mortgage to release deposit for new property. Property currently valued at…
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Variable Tracker or Fixed? 2 or 5 yrs?
About to take out additional borrowing with C&G approx 53k and port my existing borrowing at 0.59% above BR (for duration). I am confused which option to take for the additional borrowing and any info or thoughts on this would be greatly appreciated. The plan would be to make over payments £200 per mth to reduce the 25yr…
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Mortgage in Principle, but rejected consolidation loan so worried
Myself with an excellent credit rating/score and my partner with a fair rating have recently been into Lloyds tsb to see what are options where with a second mortgage, we moved our first one to buy to let, The bank accepted us and ran some figures and came back with a principle mortgage, this got us excited so off house…
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Mortgage cashback no show causing headache
Hello, I've just taken out a mortgage with the Halifax on which they offered a cashback equaling full payment of stamp duty plus £150 . On completion I received the mortgage funds plus £150, and was told the SD amount would arrive in 'hours'. That was three weeks ago. Both myself and my solicitor have been hounding them…
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Mis-sold mortgages
I have been approached by a UK company who advised me that potentially our mortgage on our home had potentially been mis-sold as we were possibly improperly advised that the mortgage would not be complete until after retirement. They are offering to pursue this for us - for an initial £600 and no guarantees. Potentially up…
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First Time Buyer Mortgage / Credit File
Hi, This is my first post so apologies if it's in the wrong folder. My fiance & I will be applying for our first mortgage this summer and I have a few queries relating to my chances as my credit history has not been great. I have 3 satisfied defaults which are due to come off my file in June (from June 2007) and 2 late…
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House sharing with in-laws
My wife, myself and her parents bought a property for 320K and extended it costing 130K. We have split purchase and extension costs 50/50 My wife, myself have a mortgage of about 185k and got a good deal with the LTV Her parents sold their old house and gifted us the cash, moving in after extension. Two years later my…
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Mortgage Information
Just in theory trying to work out whether mortgages would be available for this scenario;* First time buyers * Currently living with parents * Combined income of £41,500 * Both in full time employment * One of us has approximately £5000 in debt (on an overdraft and a credit card), no late payments * Both Fair credit rating…
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95 LTV success rate and mortgage/new job query
Hi there, My first question was to see how many people have been successful or unsuccessful in applying for the Clydesdale 95% LTV mortgage. I have read a couple of stories at least on here of people getting these successfully. I was full of hope, until an agent advised that they would basically not recommend me to…
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Which? Mortgage Advisors
Hi guys, Just to guage some opinion I guess, anyone have any experience of using the Which? company's firm of independant advisors? Good/bad experiences?
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Mortgage refusal - Help or guidance request (Please?)
I'm sure this subject has been covered to death, but I'm at my wits end so if any of you wise folk could help me find some kind of light if would be really welcome right now. :( Circumstances are as follows: Then * Worked full time * Previously married for many years with joint mortgage. Finally divorced after 7 years of…
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First Time Buyer Needs Mortgage Help
Hi All This is my first post so I hope I don't break any rules. I've been a lurker for quite sometime but now I really need advice. Me and my partner both 21 want to buy a house. We have £70,000 in the bank that we had managed for the last 5 years. I have a credit score of 977 from experian and my partner is waiting. We…
