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mortgage brooker or go direct
Hi all I have spent the last couple of hours on here reading up and now am really confused. What are the benifits of going to a mortgage brooker?, i understand they can look at the whole market but if you self employeed are they better to use?. We are currently with Halifax whom seem to be one of the main lenders so what…
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Desperate to buy
Looking at other posts, I feel very alone in our situation My husband and I were young and frivolous and spent all our money instead of saving for our future. Silly us. Now we rent, and have 2 children and not a lot of spare cash to start saving for a deposit. Feeling very hopeless to ever own our own home. My husband is…
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Do Halifax have me over a barrel?
Evening, I am feeling very frustrated with my current mortgage lender- Halifax! :mad: We want to have our loft converted and a garage built, so I rang Halifax to ask about extending our mortgage or having a second mortgage alongside our current one. The only thing they will offer me is additional borrowing at 5.79% which…
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Mortgage on temporary promotion -help?!
Hi All Myself and my fiance are first time buyers, we've saved up enough for a deposit of between 10-15% on the houses in the areas we've been looking at. We are both in permanent employment, but my fiance is on a temporary promotion, filling in for someone who is covering someone else s maternity leave. This job pays more…
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Halifax:do they search noddle/call credit
I was just wondering do Halifax do credit searches on Noodle/call credit because a default has been wrong added to my credit file and I have managed to remove it from experian and equifax however it does show up on call credit/noodle (who are slow to act) Also, can a default and other adverse information listed on your…
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Mortgage offer and electoral roll
We received our mortgage offer from Halifax last Thursday but unfortunatelywe had to move out of our rented accommodation last Sunday. We're currently staying with the in-laws but we haven't called the localcouncil to have our records updated. Would it affect our mortgage offer if I was to call the local council tohave…
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Fixed Rate Mortgage: 2 years or 5 years?
Hi All, My wife and I have decided to go for a fixed rate mortgage with Halifax. Question is: should we fix 2 years (2.79%) or 5 years (3.19%)? My understanding is: By fixing 2 years we will have an opportunity to re-fix the rate after 2 years (which if we are lucky enough the rate will stay low) By fixing 5 years, we will…
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Clydesdale Bank mortgages?
Hi folks, I'm currently applying for a mortgage through a broker with the Clydesdale Bank. They've messed me around a bit in terms of getting the valuation organised. They charge £100 for a valuation retype or £350 for a full valuation. The property is in Scotland so I required a retype as home report with valuation had…
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Help with mortgage payments while out of work?
I've worked freelance for 9 years and have seen work dry up over last 9 months. I decided to sell my house and buy a smaller one to reduce my outgoings (I'm a single parent with two young kids). My house is under offer but I haven't yet found somewhere to buy. My current freelance job is about to end and I don't have…
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Accelerator self build mortgages repayments
Hi all, I'm looking at doing a self build and am pretty sure I want to go for an accelerator mortgage (like Buildstore offer), but cannot find out whether the repayments made are on the total amount that will be borrowed for the whole build or just on the amount that you have been lent for the stages so far. The reason I'd…
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voluntary possession advice please
HI everyone I own a property in the joint names of myself and my ex husband. We have just given it back voluntarily to HSBC after failing to sell it ourselves. Its been on the market for a year and we have reduced the price continually and even placed it in auction but to no avail. The last price we had was £250k. HSBC…
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Can I get a BTL mortgage?
I've seen a house in a different area that I'd really like to live in when I move back there area in 2 years. I can't move now, so I was hoping to get a BTL mortgage for 2 years and then move over to a residential mortgage when I relocate. The metrics are okay: I have a 35% deposit and the rent would cover 130% of the…
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value of house
Hi everyone, I have a quick question regarding remortgaging and house values please. My wife and I were first time buyers 2 years ago and our existing 2 year fixed term deal is expiring soon. My question is, if we decide to move to another lender and remortgage, how is the value of my house determined? I have to enter a…
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Lenders most likely to approve?
Hi, We're selling our house and looking to take a fixed repayment mortgage on our new place at 90% LTV. Looking to buy around £200K - £220K We both have good credit records and no debts (except existing mortgage) but ive heard about lenders being a lot more selective and turning higher LTV applications down, even after…
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Joint Mortgage / Negative Equity / Transfer of Equity Solutions
Hi, I'll try and keep this verybrief, but if anyone has any advice on my scenario it would be muchappreciated. I purchased a property with my then girlfriend in October 2007 for £87,000. Thefinance borrowed was 102% split up £82,650 (repayment mortgage) and £6,350(unsecured loan) with Coventry Building Society. The…
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Help please! Applying for a mortgage - Credit report & Maiden Name
Hi All I have searched the forums and can't find any other thread which answers my quesion so hoping someone may be able to help. I am about to apply for a mortgage as a first time buyer and as per the general advice I thought I would have a quick look at my credit report before applying. I got married last September and…
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How long does the mortgage company take to transfer funds?
Hi I have been approved a mortgage all checks done the exchange will take place today or tomorrow. The mortgage company are due to release funds, how long does it usually take to hit my solicitors account, ie 3 days to clear or 24 hours?
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Divorcing and Mortgages
I am looking for some wise advice..... It looks like I am separating from my wife of 10 years. Luckily so far there is no acrimony, we are just not making each other happy any more. We live in a house worth about 400 K, with equity of maybe 225 K. Neither of us can buy the other out, so we will have to sell up, and get a…
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Mortgage broker wants upfront fee and takes commision?!
Good day, Spoke to a mortgage broker today who was recommended by a colleague. The broker's terms are: > £190 nonrefundable arrangement fee > Takes commission from lender :eek: I'm a straightforward FTB looking to buy a ~250k property @ ~80% LTV. I thought brokers were supposed to charge a fee OR give you the commission as…
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You scour the internet, and then go local!
Well, having found out almost as much as one lay person should every have to know about mortgages, income multiples, sa302s and the fussiness of different lenders, i settled on something i wouldnt normally do. I am not a 'think local' person in general, I would rather buy from amazon than buy in town, i would rather make…
