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Natwest Mortgage Process
Hi just a quick question, I have applied for a mortgage with Natwest via my broker and the survey of the prospective house has been instructed, will I get credit checked again now? Or is that part of it all done? The house that I own outright seems to have the remortgage going through which is also with Natwest and I have…
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Help to Buy Deposits
I've heard numerous times that Help to Buy can let someone with only a 5% deposit get a foot on the property ladder. However, subject to meeting the other criteria like being a first time buyer, is there any maximum deposit if you want to take 'advantage' of the scheme?
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Bigger mortgage with Help To Buy scheme?
Hi all, I have a question regarding the Help to buy scheme. Myself and partner are looking to buy our first home. We're both 24 and have decent full time jobs after graduating from uni. I have a typical permanent job and my partner contracts and operates as a private company. We've got a deposit of 15K and recently saw a…
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Have YBS just played me?
I've had a mortgage in principal agreed with Yorkshire Building Society for a week and decided to go ahead with it on Friday. I rung the guy I saw originally to progress things, but he was unavailable so I left a message. I then went into a branch on the Saturday and asked to progress things (when I was presenting the…
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4 year old defaults
Hi I was looking for some advice. I've started to seriously consider my first property but I have two old settled defaults from a catalogue from 2009. I also have some missed payments back then but for the last 4 years everything has been paid on time and all debt paid off. My salary has increased to 47k and I am looking…
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no proof of income
The question is Is there any BTL available to experienced landlord with no proof of income? I have a residential with consent to let and the 3 yr deal is coming to an end and tenants moving out. Ideally I would like to sell the property rather than remortgage (equity near to 200k) and get a new BTL for a new purchase.…
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online calculators?
How realistic are the quick online calculators for mortgages? I've just done 3 and according to them we can get between £0- £67000. Our current mortgage is £112,500. Would the fact we afford this make any difference to lenders? Thanks
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Deposit
Hello everyone, If my bank accept a deposit for only 15% to buy a house for myself, and if I want to rent my property a few months later (Normally the deposit is 25% to rent your property), what happens ? Do I have right to do that ? Thank you very much Michel PS : My bank is TSB Bank
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First Time Buyer
Hi Everyone, Myself and my partner are looking to buy a house at 80k. We have a 10% deposit £2000 from our own savings and £6000 from my parents. My partner as no debts apart from a £700 overdraft. I have £1800 on one credit card and £340 on another. I also have an overdraft of £1100 which I do be in quite alot. I have…
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First Time Buyer Added 40K of Value can I have my monthly payments reduced?
Hi All, I'm looking for a bit of guidance if possible before I call the bank. To explain: I bought a property in May 2013 for the sum of £95,000. I paid a 10% deposit & took my First Time Buyer Mortgage out with HSBC. The property required a lot of work doing to it to make it liveable which has now being done & I have…
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Renting flat on an occupier mortgage help
I am looking for some advice. I have a standard variable mortgage with Scottish Widows having bought on a graduate mortgage in 2007. I have been offered a job elsewhere and would like to rent my flat out in the short term until I know this will be a permenant move. I approached my mortgage company and they advised I would…
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No new rate offer - negative equity
I am a discharged bankrupt as of oct 09, as my house was in negative equity at the time of BR i was able to keep the house. I have had my mortgage with A&L since 2003 and a second loan since 2005, since the tightening up on credit checks for mortgages i have been unable to get a new fixed/tracker rate since my last fixed…
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Preparing credit report
Hello, A number of people on this board were very helpful with my last query so hoping to get some help on a few points. We're about to apply for a mortgage through a broker, and I've gathered my statutory reports from Equifax and Experian. On my accounts section I have two late payments to a Debenhams (Santander) account…
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Plz Help - Mortgage Accountant Reference Issue
Hi All We applied for a mortgage last week with Halifax. I went self employed last year and my wife is in full time employment. Because i only had 1 years SA302s, the broker said we can only apply with Halifax. Both of our credit scores are 999 on experian and no other issues whatsoever. The broker spoke to Halifax, who…
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Electoral Roll in Maiden Name
Hi All, We sent our mortgage application forms back to First Direct on Friday. After reading a post on here, yesterday we decided to check our credit files. I realise now that we should have done this before submitting the application. My files are in good shape at all three agencies. My wife's look OK at Equifax and…
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Does it matter if mortgage is not part of Financial Conduct Authority (FCA)?
Hello, I am looking for a re-mortgage to release 30K of equity and the product that my financial advisor found for me with Birmingham Midshires isn't regulated by the Financial Conduct Authority (FCA). I realise that this isn't an ideal situation but would this ring major alarm bells for anyone? I'm not in a position to be…
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Changing the date of my nationwide mortgage
Hi All I am needing to change the date of my mortgage payment from the 15th of each month to the 28th as I have recently changed jobs and the date I get paid has changed. What will happen with the first payment after the change..... Will there be a bit extra interest to be paid...... We pay £982 a month. Any idea of what…
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Is it better to pay off more in the beginning or at the end?
We may get a mortgage of 2.99% fixed 5 year deal for a mortgage of £96000 over 25 years. Predicting that the rates will go up in 5 years time. Do we save more money in interest by overpaying whilst its 2.99% for every month of the first 5 years or by overpaying the same amount for the second 5 years at a higher interest…
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Joint mortgage change
Hi I have a joint mortgage with my husband and am trying to find out if I will lose the house if he leaves me (I've reason to believe this may happen). So, my mortgage is for £140K and my house is worth about £220K, the £80K difference is money that my parents lent me to get onto the housing ladder (I'm not worried that my…
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Using equity from one property for mortgaging another?
Hi, I have a few mortgage questions and would really appreciate advise on how equity works as I am a first time buyer. Essentially we have £300,000 and we are considering buying a property to buy to let for around £150,000 which would be mortgage free. However we are also looking to purchase a house for around £600,000…
