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Arrears and possessions continue to fall, says CML
Hi all The CML comment 'positively' on mortgage arrears and possessions, also a 'productive' mention of the Mortgage Rescue Scheme (MRS) http://www.cml.org.uk/cml/media/press/3731 Not really sure what to make of this article, figures & statistics myself. My view
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Help to Buy Equity Loan Scheme
Hi guys, Looking to purchase a new home with the help to buy equity loan, we have the 5% deposit already (almost, just £700 shy) and have found a new build we want to purchase. I just wondered about mortgages is there a specific lender and mortgage for these equity loans or do they just go down as a regular 75% LTV…
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Resolved Claims Ltd subprime mortgage mis selling
Hi peeps, had a letter through from the above mentioned company, can't find anything dodgy about them with the usual searches, so was just wondering if anyone else has used them or if there are some free templates on here so I can do it myself. Thanks in advance, sorry if this is wrong forum :)
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Some advice please, 1st timer
Hi all, After some advice, I live in Bristol and have got £40,000 and want to get myself on the ladder. I am full time employed earning £16,000 PA but I have just come out of recent dept problem, I was in dept to payday loans and an overdraft adding up to around £4,000 (this dept is all cleared now as of last month) I am…
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New mortgage - how would this work?
Hello I have a query please I'd like some basic advice on. I will seek proper financial guidance if and when required Scenario: * My mother owns a home valued at £250k. She has £70k equity * I have £60k cash * My sister owns a home valued at £280k. She has £120k equity. She earns £50k a year My mother wishes to sell her…
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Exchange to completion - Mortage Q
Will the bank do another credit check on me between exchange and completion? Basically I want to put a few bits on my CC for the move but worried in case it will mess anything up, same for my overdraft too? Can anything else go wrong? Any help/advise will be greatly appreciated Thanks
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Self Employed and struggling to get a mortgage
I currently have a mortgage with Halifax. Wierd situation really, we live in a house which has an annexe attached where my parents live.. They now want to retire and move away which means we can't afford to buy them out and need to sell and move on etc. House is sold stc and we were approved for a mortgage in principal so…
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Shared appreciation mortgage
I would be grateful for some advice please. My elderly relative has told me she wishes to leave her home to me in her will. Around 2004 she took out a shared appreciation mortgage of around £15,000 i think. What would the financial implications of this be as far as i'm concerned if / when she passes away? My limited…
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Santander wont accept me!
Myself and my wife have applied to remortgage with Santander, after spending a couple of hours going through the telephone interview, and providing all required documents, and also receiving the "approval" from the mortgage advisor, we have today been informed that our mortgage has been declined. My wife earns £45k and I…
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How to finance house refurb - advice needed please
This is quite a long story, that I will try to keep short... We own a house, where we have lived for 13 years. now we have children it is too small and we need more space. My mother owns a house 60 miles away in my hometown that is currently empty. it is in need of lots of interior refurb and an extension but would be…
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Purchase cancelled as vendor in negative equity
This is a minor tale of woe, as a mark of warning to others, that has left me with a £1,500+ hole in my pocket. I agreed to purchase a property with the Estate Agent etc. and even received the letter from the estate agent agreeing all the details (price etc). The agreed price was FULL ASKING PRICE. I then confirmed and…
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Shared ownership?
Hi, I'm a little confused about shared ownership, I've thought that this would be the route for me to take to get a property. BUT after having read the government website about eligibility it seems you have to be renting a housing association house to be able to get shared ownership! Government website on shared ownership…
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Which? mortgage advisers
Hi, New to these forums and new to the world of mortgages (FTB) and looking to buy on my own so figured a mortgage adviser/ broker would be a good way to go. Looking at a few, countrywide came to my attention but I've seen some very negative comments on here which makes me a bit nervous about them. Found Which? mortgage…
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Anyway to get a mortgage with 5% Deposit (non-first time buyer)
Suspect I know the answer to this but as I'm a complete novice I'll ask anyway. Myself and current partner have enough savings for 5%. Problem is I already own a house that I rent out and would rather not sell it. I take it it's only my partner that qualifies for the 5%? anyway round this or do we just need to sit tight a…
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Bank contact on weekends
Hi, does anyone know if banks can contact you on Sundays? I thought there was something in the banking code of conduct that said they couldn't contact you on Sunday but that may have changed and I haven't kept up?! Thanks heaps in advance Wonderw
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Lloyds TSB breakup - no one will discuss my mortgage
I took out a Lloyds TSB Lend-a-hand mortgage in June 2012. When the banks split, my mortgage went to Lloyds and my current account went to TSB. I am now looking to move into a bigger house with my partner and so contacted the Lloyds telephone banking which was a disgrace. I followed the options given and stopped counting…
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Joint Mortgage: Full Time Perm + Full Time IT Contractor
Hi, I have been in my current full time perm IT job for 8 years now and prior to that I had a similar job which I was with for 7 years. I have been offered a possible opportunity which will nearly double my salary but the sticking point is that it will be a 1 year fixed term contract (with a view to extension). My wife and…
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Having difficulty getting a mortgage
I have owned a property with my husband for 9 years with the assistance if a key worker equity loan. We accumulated debts prior to and during this time which escalated and we entered into a debt management plan with step change, we have now paid off all if our debt as of April 2013 and were paying £850 per month for this…
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btl insurance no tennant
hi in the next two weeks i want to rent the house out I presently own. I will be using a buy to let mortgage. For the mortgage i need buildings insurance, but after 2 months without a tenant, Direct Line says they would cancel my insurance. If I dont get a tenant would this cause problems for me? Also if i stay in the…
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New Gov 95% Morgage Scheme
Hi All, Just wanted some advise. I wanted to obtain and make use of the new 95% GOVERNMENT scheme, we own our home and are looking to upsize. I am a higher earner, lets say 75k a year + and have a "good" credit rating. I subscribe to Experian and currently points are 940. However I have about 15k worth of credit cards. I…
