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Getting married mortgage advice ...
Hi All, So a summary of the situation ... I've got 1/2 my mortgage on a 1.1% above base rate for life with about 18 yrs to go (long story, had it for ages and have kept it for last move cause of divorce) Other 1/2 on a pretty standard variable at a OK rate. Both with RBS. Partner has no mortgage on lets say 500k house. Now…
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Broker's view on MMR Affordability
Hello all. I just had a quick question on the Mortgage market review's new affordability assesments that come in in april. Currently i've recently paid in full for my train season ticket (£3200) and my car insurance (£800), so these minimise my monthly outgoings for the next 12 months by around £330 a month. Will this be…
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Have Halifax / BoS duped me?
I Got the letter off Bank of Scotland to say I could save interest by allocating payment amounts to specific sub accounts, The letter displayed my sub accounts as: S/a balance method term payment rate type 01 £23617.37 repayment 19yrs £158.83 4.95 variable 02 £71303.45 repayment 18y6m £486.86 4.95 variable 03 £29156.08…
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remortgage and going into overdraft
Hi I am looking to remortgage over the next month or so, now because of some big bills I think I will be dipping into my agreed overdraft, will this adversley affect the remortgage? Would I be better taking the cash out from a credit card or is that just as bad? we are talking a couple of hundred pounds for a week or so?…
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Confused over commercial leaseholds
I'm looking to buy a commercial property and I'm rather confused about how leaseholds work. Firstly, I have some general questions. If I understand it rightly, you just pay rent for the duration of the agreement. At the end of that time the property reverts to the freeholder. Does that mean you would have nothing to show…
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Applying for credit after mortgage offer
Hi first of all can I just say thank you, I have been reading this forum for a couple of months and it has been a big help in acquiring my mortgage With the advice given on here. Anyway my question is I have received my mortgage offer and am now awaiting to sign the contracts. If I was to take A loan out now for around…
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Changing jobs then going back to old job before mortgage application
After many discussions with my mortgage broker I decided to take a job with another company that had approached me, after a couple of weeks in I am not happy at the company and feel as if I have made the wrong choice. After speaking with my previous manager he has told me that he has not filled my position and would be…
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Possibility of a joint 95% mortgage with one 'poor' credit rating & one excellent?
Hello all! I've been obsessing over this and reading loads of threads here for hours, so I figure I should ask and see if anyone can give some info based on my circumstances, rather than me second guessing all night and losing sleep ... Partner and I have saved in a Nationwide Save to Buy account for about a year and a…
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I need help regarding my mums mortgage
Thank you everyone.
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cemap module1
Hey guys Ive currently started studying for cemap module 1. Ive started making some notes. I also had a chance to skim throughsome of the manual. There seems to be an awful lot to digest. So i was wondering wheather it's essential to know all the information in the module in detail for: a) a mortgage advisor to do his job…
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Letter of explanation for past bad credit
Hi, I'm after some advice regarding a letter of explanation that's been requested after a recent mortgage application. Background: I received an initial approval in principle and progressed to full application. The majority of this was already completed from the AIP but with a few additional questions. One of these…
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Natwest mortgage application timescale
We are porting a mortgage with natwest as we are on a fixed rate deal with 3 years remaining we have had an offer on our house the refresher homebuyer report was done on our house today. (Scotland). We didn't realise that we would have to do another full application to port our mortgage and that porting mortgage…
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How many of you paid/are paying more than valuation value?
Just had our Mortgage Valuation Report emailed to me and the market valuation is 15k less than we offered to pay. I was wondering how many of you are facing the same dilemma as we are now. The asking price was well inflated to start with and we have managed to have it lowered by 10k albeit still 5k short of what we first…
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paranoia about excessive credit searches
We are days away from exchanging contracts and have our FTB mortgage offer from the Yorkshire BS, all funds in place etc. Why am I worried? We were credit checked by them late Nov13, all good. However, in the interim (20th Jan 14) we had low valuation on our purchase and were credit checked by another lender with a view to…
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mortgages for non uk tax payers... PLEASE HELP@?@?
hi there I would love some advice if at all possible please... I was hoping somebody could point me in the direction of any lenders/brokers that offer mortgages to a uk non tax payer... we have had an AIP with the halifax today who knows that my husband is a non uk tax payer due to his job however the deposit is a little…
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Natwest mortgage
Can anyone tell me if this is normal? Applied for mortgage through mortgage broker on Friday gave all docs etc , mortgage broker has said natwest have asked for my debit card details and May debit then credit a £1 to verify our identity?
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need help from Dunstonh please
Please can someone help with this query? On Jan 10th 2014 we requested a surrender value on an endowment policy which is due to mature March 21st 2014 just to give us a rough idea of what amount to expect. We were quoted a surrender value of £26.435.05 which we were very pleased with. Today the actual maturity value letter…
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Overpayments on Help to Buy?
I'm 26 and I've managed to save enough money to be able to get a Help to Buy mortgage with a 5-10% deposit (depending on the value of the property I end up buying, I have about £10k and am looking to buy something between £100k-£200k). But I'm really looking for the ability to make overpayments on my mortgage, and I can't…
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Halifax Amended Mortgage Offer
This is my first post, so apologies if these kind of questions have been answered before. Oru bank made a mortgage offer last week on a property my wife and I are buying after due valuation. The bank's valuation came out to be the same as the agreed price. I commissioned my own building survey considering that the house…
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Can Family Help Family?
I am struggling to get advice from the official sources, but I can't believe it's not a common solution to a common problem. Does anyone have experience of this: My 81 year old father will have an outstanding £25k mortgage to pay in 2 years on a £145,000 value house. (This only came to light recently, bad mortage advice to…
