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Mortgage taking into account future profits?
Hi all, This is my first post but hoping for some guidance. I have just sold my house with a view to moving up the property ladder. My existing lender has given me an agreement in principal but it is a little short of what I was hoping. The complication is that I am an accountant who has worked for the same firm for ten…
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Applying for mortgage with old debts
Hi all, My credit score is good and I want to clear all of my debts so that I can get a mortgage. If I am unable to come to an agreement with some of my creditors for F&F settlement do you think it would be ok to continue to pay what I can and still apply for a mortgage? I am worried that the outstanding debts (although no…
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95% Mortgages - help!!??
My family and I have finally saved enough to put up a 5% deposit to buy a home. I watched with hope and anticipation as the government announced the details of the Help To Buy scheme earlier this year. Alas, it seems our dreams are for now shattered because although it claims to be open to 2nd time buyers, in reality you…
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am i trapped in my interest only mortgage now?
Hi All, We had an interest only (mainly) mortgage with Bank of Ireland. Approx 20k on repayment and 50k on interest only. Next thing we were with a company called the Mortgage Works. We just got changed over. It doesn't look like there is anything we can do about it. We had a 25 year mortgage, but have about 12 years left.…
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Help with First Direct Letter of Consent
Hello people. My wife has just received a "Letter of Consent and Postponement by Deed" from FD along with other documents and we have a couple of questions so I wonder if anyone that has completed these can help? First, I am the only person named in the mortgage, that was our decision and we knew the letter was on the way.…
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Natwest Help to Buy
Hi, Has anyone tried applying for the 95% Help to Buy Scheme Government Guarantee (existing homes) via Natwest. It's 4.99% for 2 years fixed with no fee.... Is the application process long winded? Looking 125k house and 118k MTG Thanks
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The "I'm a contractor" mortgage saga - update
You might remember my flap last week when we found out that HSBC wouldn't consider my salary for our mortgage because my job is a two year fixed term contract... Spoke to a broker, and we're going for a Santander lifetime tracker at BOE base +1.99%. It's fractionally more expensive than the HSBC one at base +1.89%, but we…
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Dip
We recently has a DIP from the nationwide. This took three weeks due to some issues in my credit past. After going through everything with a fine tooth comb and having six months payslips bank statements they accepted it. We are now going for a full mortgage tomorrow and wondered as it was investigated so much for the DIP…
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Expected balance after fix
Hi Are there any mortgage calculators out there which can calculate how much I will owe on my mortgage after my 5 year fix is up? Thanks
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Endownment - miss sold , is it too late ?
While reading people's success in the past I wondered if I am too late ,I took out an endownment in the 80s and told I would be ale to pay my mortgage and have some cash left over - I since remarried and never really thought of doing anything until we went to look at our mortgage and we will get nothing from our endownment…
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Young First time buyer looking for right option!
Ive saved up a decent amount of money in my life, roughly £5000 and im looking at getting my foot onto the property ladder. I would like to get somewhere of my own but im open to the whole buy to rent option. Im only looking at Flats/apartments or maybe a small house, im looking at mortagaes around the £100,000 mark as i…
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Mortgage deal and builders incentives
Hi all, We recently reserved a plot to purchase an off-plan house. We are using a broker to arrange a Halifax mortgage. It seemed to be taking a while to get processed and when it was chased up Halifax questioned whether we were taking any builders incentives which are not allowed in the deal but no concern as we're not.…
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SSTC, need more cash, really stuck now! Could really use some expert advice please:(
Have received some good advice, would be grateful if you please delete this post moderators. Thanks.
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Mortgage affordability calculations help???
Hello Currently going through Mortgage process, got our DIP, offer accepted on a house. 60% ltv , the Mortgage provider could potentially lend us up too £155,000 but we only need £135,000 Now I've been working out our monthly outgoings etc and they come to £1510.50 and we earn after tax ni etc £2531 at least my hubby gets…
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How is a single graduate living in greater London expected to get a mortgage?
I am in a grad finance position paying £22k and have £25k cash for a deposit. But looking around at mortgage providers providers products, the most i can get on a mortgage is £96k with my deposit that equals only £121k for a property. i am looking at 1 bed flats in south London for £175-200k So for someone in my position,…
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Adverse credit motgages
Okay so the situation is that my credit isn't very good, however I am looking to get a fairly small mortgage of about £50,000 although I can afford a deposit of around £15,000. I have applied for a mortgage through the AIB although I fully expect to be turned down, I earn a decent wage and don't really have huge outgoings,…
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Mortgage advice please
My girlfriend and I are hoping to buy a new build, likely that the house will be ready in May/June time next year but we will need to pay some element of deposit early next year and have a mortgage in principle arranged etc. So I am more in the enquiry/looking for advice stage but definitely plan to proceed early next year…
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Bigger deposit or/and Investments = good idea?
Hello everyone, I have saved £80k towards a deposit for a house in the region of £220k. My question is this: 1) Should I put the full 80k down as a deposit or 2) Should I put £66k down (enabling me to get 70% ltv mortgage, fixed for 3 years @2.49%) and invest the rest in Royal Mail, Lloyds, Barclays and Barratt shares?…
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Mortgage with commision only salary
I purchased a house in Sept 2011. The house value was £119,995. I put down £36,495 - so the amount we borrowed was £83,500. So I put down just over 30%. I now owe just a tad under 80k. At the time I earned more than I do now, I earned 19k. Now, I'm earning around 13k - and to make it more complicated my earnings now are…
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Nationwide mortgage offer - special conditions
I am looking for other peoples' opinions on this: My partner and I have received our mortgage offer for our new house from Nationwide. We applied through a broker and when we applied I told her I had a credit card with a balance of £877 and would have this reduced to £600 by the time we move (paying off £277 before the…
