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Life insurance
Although obviously it's advisable, would I be turned down for a mortgage because I don't have life insurance in place?
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Mortgage / Remortgage / House Gift predicament
My cousin is selling me his house for £156,000 (the house has been valued at £235,000). He doesn't want me to sell the house as it has sentimental value and I cannot live in that location. It is currently rented out for £1150 a month. I have enough deposit to buy this house off of him at £156,000 but would like to purchase…
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valid reason for consent to let?
hi, i've applied for CTL but had it rejected as they thought I was doing it for an investment. The reason I put was I was going to lodge with family temporarily to save some money. I didn't say anything about an investment. However they have sent me the form again and said I can apply again with a different reason. So,…
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A question about Help to Buy and what me and my partner can borrow...
Me and my partner have a joint deposit of £10,000. We went to Nationwide about 5 months ago and they said that with our joint income we can borrow up to £181,000. Does this means that if we went for a property that cost £200,000 the following calculations would happen with the Help to Buy scheme; Property Value: £200,000…
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mortgage with bad credit & not a UK tax payer ?
Hi all. I've not got the best credit rating but able to come up at 25% down payment on a property. This is going through companies that are will fund me because of my bad credit history. The problem is none of these will now accept me because I am not a UK tax payer. I work abroad for 6 weeks and then return to UK for 3…
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Awaiting underwriters decision...
We have a mortgage with NRAM. Had an offer on our house and put an offer on another. The new house is worth less than ours so the mortgage will be less, as will the payments. We're porting our mortgage over as hubby only became self-employed this June so can't apply for another mortgage. We have had to apply with NRAM to…
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Unfair admin cost?
I have recently re-mortgaged with Leeds building society and one of the terms is we must have bulidings and contents insurance, which is fine. We have been told that we can use any insurance company we wish, however if we don't use Leeds, we will incur a £30 admin fee. On requesting quotes from other companies, one of them…
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FirstBuy advice - cohabiting
Afternoon all, Apologies if this question has already been asked. I purchased my flat under the FirstBuy scheme in April. I think it is now called Help to Buy. Anyway. All moved in, done and dusted. All lovely. :j My boyfriend and I have been together a while. He rents a place. Never bought before. I want him to move in. I…
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I thought First Direct had an excellent record for customer service?
Well that certainly isn't my experience. Having heard of their 'excellent' customer service and fantastic mortgage rates, I decided to give them my custom. Long term it might work out brilliant, but so far I have found their customer service to be non-existent! Knocking up 4 months ago now we started the process of…
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FTB HTB2 RBS Mortgage Declined... now what?
HI Guys. Ok so a brief run down... Joint mortgage app, both FTB's and £50k combined salary. Solid jobs (NHS / Solicitors). £230 monthly Car Finance (only credit we owe). £8000 deposit (just over the 5%). House price £153K (about 45K less than we where offered as a max). Credit files (100% clean for me, 1 x 4 year old…
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Home ownership & Wills
Apologies, this is probably in the wrong place; I couldn't find a more specifically appropriate sub-forum. Can I please ask that it be moved if not appropriate here? The more I've researched and tried to understand, the more I've managed to confuse myself and I'd be grateful for some advice please. I live with a friend in…
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Can I get a mortgage on Contract work?
My Fiance and I are looking to buy a house. Back in June I had my redundancy annouced and will loose my job end of Dec. With the redundancy package we will have enough for a deposit. I've seen some attractive crontract jobs and reluctant to apply as I'm worried we won't get the mortgage we want. Other half is employed full…
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Urgent - completion today - mortgage ERC
Hi,I am due to be completing today! I have just been sent the Mortgage Redemption Statement and it includes£1195.23 for an Early Repayment Charge. I am redeeming before the Fixed Rate ends, but am porting my mortgage, so was told I wouldn't have to pay for it. The solicitor is saying I just need to pay it and get it back…
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Is the house unmortgage?
Can someone help?! Our house is currently under a Stop Notice and has suffered mining subsidence from recent activity at a local colliery. I have been told that our house is unmortgageable, is this correct??
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Do i need a deed of trust when partner moves in
Hi all, thanks for reading this post. My partner will soon be moving from his shared rented house in to my house which I have owned alone (under mortgage) for 1year 11months. We have discussed all of the financials and agreed that he will pay 1/2 of all bills including the mortgage, since the total figure comes in at less…
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Local Authority Searches
Is is possible find out if someone has requested a search on your property?
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Consolidation Mortgage
I'm struggling to get a remortgage despite having equity and having never missed a payment. I'm told this is down to affordability (I have about £60,000 worth of loans and credit card debt, though again I've never missed a payment and actually pay considerably more than the minimum payments on the credit cards).…
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Arranging Probate/Confirmation?
Has anyone done all financial affairs on the behalf of a passed away spouse rather than use a solicitor or lawyer? The majority of them don't carry out what they are supposed to do and take 12 months to do it alot quicker without there £150 pound letters to inform you there working on it.
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Mortgage lender Alert-Change of Definition
I would like to alert borrowers to a recent experience with HBoS as a lender, who after previous mortgage advances , has declared that I am "Expatriate" and not eligible for a further advance. Previously, as now, advances were sort to use for major home improvements. Working in the offshore Oil & gas industry 2 advances…
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Re-Mortgage Advice
Hope someone can offer a bit advice on our current mortgage situation. We are coming to the end of the fixed term with Halifax, currently our balance is £74,574.99 with a value on the home of £89,950. We are currently on the SVR which is at 3.69% (14 Day notice period of change). First Direct can offer 2 different rates,…
