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Mortgage application with historic 'Arrangement to Pay'
Other half and I are planning on buying our first property in 2015, when we will have a 20% deposit. Looking at houses around the 150-160k price mark with combined salaries of approx. 45k. Other half has a clean credit history, no debt except a student loan and one credit card paid in full every month. I on the other hand…
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Shared Ownership scheme
Hi all, I am after some advice on the SO scheme. I am currently applying for a house through the SO scheme and my share will be around £60,000. My question is that I feel I could improve some little bits in the house prior to move in date ie, carpets, kitchen tiles, etc... Would the mortgage lender let me borrow more than…
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can a broker actually get a better deal for you than you can get yourself on the
high street? I have no idea. in terms of interest rates or amount loaned or both?
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Possibilty of Moving but not needing a mortgage or do we ?
We are in the fortunate position that by Feb next year we will be mortgage free house worth approx 200k forgive my ignorance on this but how easy is it to move without having a mortgage Not a down size as such but a move sideways so our house now 200k and buy one for 200k whats the procedure please ?
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Why do we owe so much more after changing lenders?
We recently re-mortgaged: the product came with a £995 fee, which we chose to have added on to the mortgage figure, to ensure no sunk costs in the event of not being approved - our plan was to then immediately overpay it. There was also a (small) 'admin fee' imposed by our old lender. I think this was around £175. I had,…
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employment & it's impact on Mortgages?
Hi, I’m here to seek some advice, as the subject says about jobs and the impact that they have on mortgages. I will be debt free in early 2014 (currently on target for February) and after that, my partner and I will begin saving for our mortgage deposit. We are currently looking to have our deposit saved in 12 months, as…
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Broker question, should I have recieved formal mortgage offer yet?
Good Afternoon I am a FTB and currently in the process of buying a house – my mortgage is via a broker I had my valuation 3 weeks ago (which was all fine and was valued what we offered and received a letter from Halifax confirming this) but I still haven’t received a formal offer of the mortgage - I have chased and chased…
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What's our chances?
Hi, My husband is going to be applying for a mortgage tomorrow via a mortgage broker on a shared equity property. First time doing this for us. If approved, the monthly re-payments will be less than the amount we are currently pay on our month rent, so really hoping this goes through...finally get a foot on the ladder. His…
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Mortgages for company directors with retained profits.
We have had an offer accepted on the flat below ours with a view to converting back to one house, it's a one time only opportunity. Unfortunately we have been naive when it comes to mortgages, we gave a rough guide of our income to our broker and he said we would be able to get us a 75% mortgage, HOWEVER... We are…
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First time buyer question
Hi all, A first time buyer question for you on likelihood of mortgage. Any help you can give appreciated. I have an income of £36,500, and will have cleared all my debts (currently £5k) including overdraft by December 2013 this year. Partner is self employed with an income of around £25,000 and good records for the last 10…
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MSE News: Buy-to-let borrowers hit by West Brom mortgage hike
"Thousands of West Bromwich buy-to-let tracker rate mortgage customers will be hit by rate hikes from 1 December..." Read the full story: Buy-to-let borrowers hit by West Brom mortgage hike Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Am i crazy and/or stupid?? Help with a scenario....
A possibly unusual scenario that has only just occured to me, but i can't help thinking i'm missing some huge problems with this idea.... Basically, i own my own little house, with my 2 sons, aged 5 and 3 months. I bought my ex out of it years ago, and now have a mortgage of 47k left on it (fixed rate ends next month) As…
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Retirement Mortgage
Hi All My dad is retired and owns a property with no mortgage as all paid off, it is worth just over £500000. he has considerable savings and receives a private pension as well as the state pension. He is trying to find out if he can get a mortgage even though he is retired in order to buy a house and allow me to rent it…
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Can we back out of an offer ?
Hi. We have got our agreement in principle and we have found a house that we like for an amazing price and we would really like to put an offer in on the house before it gets snapped up by someone else. However, there is a possibility that my partner may be getting a job abroad, if this is the case then we would not be…
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GE Money which credit agencies do they search
Hi There, does any one know which credit agencies GE Money search on for Mortgage applications. thanks
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New employment impact on Mortgage application.
Hi All, Looking at obtaining a Mortgage from Leeds Building Society, I think its likely my salary will be about sufficent for the amount required but it may be close. My wife has been working for the NHS for around 3 years but she has now started a position, still within the hosital but is now paid by an agency for the…
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Valuation for re-mortgage
Hi All, Mortgage required - £167,000 Purchase Price - £250,000 Current Value - ??? I will be re-mortgaging for the first time when my current deal expires 3rd Feb 2014. I purchased the property back in Jan 2011 from new for £250k. When re-mortgaging I am fully aware the main thing lenders will be interested in is the LTV.…
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FTB with a ccj
Hi. me and my wife are thinking about getting a mortgage with a 25% deposit, we're both in full time employment but my wife's contract is fixed-term for a year at a school which has been now been renewed for the 3rd year running. My main worry is the CCJ which iv'e had back in june 2008 and was paid off in full dec. 2008.…
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Time between mortgage offer and release of funds.
Hi all, How long does it take for Santander to release the funds after an official mortgage offer? Passed through underwriters, valuation done etc. Was previously mortgage free and now taken out mortgage against house to release some equity so no chains and it is secured against current house. Using Santander's in house…
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Barn Conversion - Advice Needed
I have read a few posts regarding mortgages for self builds but have a few questions around barn conversions. Here's a little bit of a background: We're first time buyers with joint income of around £55K with around £15K deposit. Potentially we have access to free barns and land. I'd like to find out a little more…
