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Borrowing Advice
Me and my partner are first time buyers and we are currently looking at purchasing our first home. The area we are looking in has quite high prices and we are concerned about stretching ourselves. We are currently considering a property worth £335,000 and if say we can get it for £315-320,000, we could potentially afford…
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Halifax, TSB, Bank of Scotland? Are they offering bascially the same thing?
Hi All, I am a first time buyer and I have done a google search where I found Halifax, TSB and Bank of Scotland may offer some mortgages that I want. Question is: I clicked on mortgage button on 'Bank of Scotland' website and was then directed to Halifax. Then I googled and found out that Bank of Scotland/Halifax/TSB are…
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(Yet another) FTB mortgage thread
Hi all :) Cash in hand now: £43k Salary: £46k Debt: None Credit score: (Literally) perfect I would like to buy a 250k house within 5 miles of Cambridge with a 40k deposit. I had planned to save up for a 50k (20%) deposit but this will only be completed at the end of this year ...*dramatic drumroll* ... right when the HTB…
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Mortgage question - Income help
Hello I don't really post on here tbh but I am looking for abit of advice please..., Mortgage income - Do they base your income on last years earning or the current year so for example last year my income was £15000 2012-2013 Gross, This year it will drop to roughly £12000 year 2013- 2014 Or do they work out an average…
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Halifax Mortgage Application
We submitted our mortgage application on the 20th April. The survey on theproperty was done on the 30th and we got the report back the next day which isgreat. However, since then there has been no movement in our application and afterspeaking with our mortgage adviser last week, he said that the Halifax have notrequested…
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Mortgage transfer of equity failure not what?
Hi I posted on here before and got some very helpful advice regarding my predicament. Went to the halifax on friday they wouldnt allow the transfer of equity because of my debts but more because I had some late payments on my credit card due standing order taking 10 days to arrive!! Have sorted this by setting up direct…
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Mortgage rate 4.3 percent and Halifax mortgage
Hello so I'm in the process of removing one single default that is on my credit file that has been resulted in me getting declined for a mortgage. Anyway, new buy agents said the rate will be fixed term of 4.3% for two years is this good? 5% deposit 20% government loan House value 150,000 Furthermore the default should…
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Questions regarding mortgage period?
Hello, was wondering if someone could answer a few questions I have regarding length of a mortgage. I am due to start a 25 year mortgage that is fixed for 2 years, after the two years are up can I switch the period to say 10/15/20 years if my salary allowed it? Reason for the question is my partner and I will be saving…
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Student Loan
I am in a position where I will be applying for a mortgage soon. I have had one previously. When looking at affordibility calculators they ask about loans. Now I havent had a bank loan since October 2012 which I settled earlier (downgraded my car to clear the debt and get a higher deposit amount). I do however have a…
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halifax full credit search doesnt show ??
Hi I had a dip and now passed the 2nd credit search according to my ~IFA~ but no search is showing on any of the 3 credit agencies the only search that shows is the the soft search from last week. Anyone know when this will appear on my credit file ???
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Halifax credit check
So my partner & i submitted our mortgage application on Saturday and straight away Halifax spammed her credit report with 5 searches on the same day. 4 say "Mortgage quotation" which didn't show the amount, 1 says "Unrecorded Enquiry" which showed our mortgage amount & term "025 months" :shocked:. However nothing came up…
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Missed payments on credit report over 4 years ago - problem at 95% LTV?
Hi everyone I posted this a while ago, but was hoping someone can give me some advice. I have a question regarding the likelihood of getting a 95% LTV mortgage. OH and myself have been saving for a while and are hoping to buy this year. We have around £8000 saved in a nationwide save to buy account, and plan to sell…
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converting to BTL mortgage???
Hi, I need some advice please. I am considering renting my house and therefore have come to learn that I might need to switch to a BTL mortage - I am currently with the woolwich. Does anybody have any experience with the woolwich and BTL? Will I be hit with fees and an interest hike or should I consider approaching an…
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Mortgage Mistake
Hi. Hopefully someone can give me some advice. I worked abroad for a while to help pay off major debts. I was paying off my mortgage in lump sums. Last June i telephoned my mortgage company to pay a normal monthly transaction only to be told due to my large repayments my mortgage arrears had been reduced to approx £2000.…
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Are Final Bonus Payments Worth Waiting For?
I have an Endowmwnt Policy with Prudential that matures next February, I am in two minds whether to surrender the policy now and reduce my repayment mortgage [ my mortgage is not tied into any product ] or whether to hang on to the policy in the hope that a Final Bonus will be payable on maturity. Can anyone tell me if…
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Halifax mortgage not updated
I pay my mortgage by DD on the first of the month and it usually updates the next day. My mortgage hasn't updated yet, has anyone else had the same this month? Both are Halifax accounts.
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re-mortgage advice
Hi all Would appreciate some pro advice please? I have 4 years remaining of a 10 year fixed mortgage with YBS which costs £359 per month (20 years remaining overall) Current redemption cost including ERC etc is about £55000. I could shift that onto a Tesco mortgage for a 5 year fix @ 3.19% (£195 fee max 70%LTV) which would…
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Paying Mortgage off early
We have decided to cash in our endowment policy, to pay off our mortgage early. Someone mentioned to me that we can leave a little amount owing, so as to get out of paying the bank fees for paying early and also to hold our deeds with the bank which incurs a yearly fee. Has anyone any experience with this. thanks
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Mortgage and Divorce
I current have a friend who is getting divorced. Her partner is making her sell their property even though she wants to keep it. (difficult to explained and details are not required) Is it possible she can put the house up for sale and buy the house herself without him finding out. Is there a secret buyer option? what…
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Mis-sold mortgage 10 Year Fixed Rate
Before I give the full details, I'm sorry to give you a little bit of history to the issue that my wife and I have. 2005 - I moved into a new house with my Mother and Father. Unfortunately, at the time of moving, my father couldn't get the mortgage for the house due to ill health. He therefore asked if it was ok to put in…
