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What do you think... FTB
Hi, Have seen a flat on sale for 85-90k and am considering looking into the possibility of a mortgage. Was going to wait longer to build deposit/pay debts but prices seem to be going up! I have been in my sales role for 13 months on a 24k basic with realistic annual earnings of 45-50k I have one late payment on Littlewoods…
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What CRA do Nat West use?
My broker told me Nat West just search Equifax is this correct? Thanks
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Large unusual outgoings before mortgage application
Hi guys Next year my oh and I will be applying for a mortgage - I've heard that it's sensible not to make any large unusual payments before the application but this is my situation: The oh is 40 later this year and we are going on a big one off holiday next March. This holiday will cost us approx £6k - we'll book and pay…
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Barclays won't give me a mortgage holiday - help needed
Hi I changed jobs last year and decided to rent out my house and rent a house closer to my new work. The intention was to rent for a year and then sell my house and buy in the new area once I knew more about the area and where the kids would be going to school. I've had a nightmare time with my tenant - not paying rent, or…
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Affordability Question
My husband and I are busy saving for a deposit to purchase a house in the next 6 months or so, I just wondered if someone could help with an affordability calculation question. My husband was previously married, as part of the divorce agreement and consent order it was agreed that the exwife continues to live in and pay…
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Lift scheme
Hey anyone used the lift scheme to buy a house? What lenders did u get ur 3 mortgage quotes from and roughly how much was ur solicitor fees thank you 😊
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Northern Rock Suddenly withdrew overpayments
Hi, From 2006 to 2008, after depositing and withdrawing over-payments made against my NR mortgage, they decided that I wasnt entitled to withdraw any of my over-payments. My Mortgage statement said I had about £22,000 of over-payments available to withdraw. The next quarters statement said it was Zero and reduced the…
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Is this my only option?
Hi just want to check we are doing the best thing re our mortgage. We had a NR mortgage of £94000 with a unsecured loan of £15000. Mortgage is now with NRAM and we need to sell. House has been valued at £89000 and we have been overpaying the loan part so it now stand as £10000. If we sell the loan interest jumps to 9% we…
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Paying off an equity loan
My husband and I were lucky enough to buy a property last year using a council equity loan as at the time our wages were low. I've since received a promotion from work and my husband is now a self employed plumber earning much more then he was on as an employee. AS part of the equity loan rules we are not allowed to rent…
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comparing natwest mortgages
Hi, can anyone advise if my interpretation of the NatWest mortgages below is correct, we are currently with NatWest and our deal is up at end of May it was comparing there 5 year fixes and my thinking is that over the 5 years ( if you add the product fee to the mortgage) the higher rate at 3.7% works out cheaer. Am i…
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5% deposit paid?
Looking to possibly purchase a new build and developer has offered to pay 5% of the deposit. Situation is as follows, we have limited equity in our home so we put a further 5% down ie: purchase price = 290k My deposit = 14.5k Developer contribution = 14.5 k Am I limited to who will lend to me with this arrangement or is…
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Shared ownership mortgages
Can someone shed some light on how these differ to standard mortgages? Are they the same just a lesser amount? Is LTV still usually the same? Any other key points about SO mortgages welcome. Thanks
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Help! Will current lender check income for new product??
Hi all, Having a meltdown..... Our current fixed rate expires at the end of April, will revert to 5.99% variable. Does anyone know if lenders will re-check income etc if you transfer to another product?? I am worried that if they do check, they may decide to withdraw completely?! Is that possible??? My Husband bought a Ltd…
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re mortgage how does it work ? help needed
Hi We bought a house a year and a half ago and as I recieved alot of help on here at the time of looking at mortgages ect I thought I would ask again :) The term of our fixed rate is up in 6 months and we will be looking at switching deals We have a few debts that I would like to pay off and was wondering how it works when…
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Mundic mortgage needed!
Hello, Can anyone help find me a mortgage for a property with mundic block, unclassified. Value of the house is £125k Mortgage required £55k Location Cornwall Many Thanks, Gail
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Redemption Statement vs Noddle
Can anyone help me here - I suspect I am missing something. My noddle account shows an outstanding balance on my mortgage of £163,395 under the balance history for January (noddle is, as always, a bit behind). I am completing on the sale of the property in Early April and my mortgage company have provided a redemption…
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Mortgage products for CCJs / bankruptcy
It would seem that there are little in the way of mainstream lenders who will offer mortgages to those with bad credit and CCJs but there are who will offer discharged bankrupts after 2 years. Am I right on this? Seems like my best option is to go bankrupt than continue to fight this losing battle with debt.
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£340k mortgage - too big?
Hi All, I was hoping you could provide me with some objective advice/opinion on my situation, which is as follows... My Wife and I are both in our early to mid 30's, both have good jobs; she is a secondary school Maths Teacher at a private school and I am a Sales Director. She earns about £40k pa and I earn a basic of…
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Offset Mortgage - confusion over interest
I have had my Offset Mortgage (repayment) for a number of years and I make a £300 direct mortgage overpayment a month and also have one Current Account and three Savings Accounts all offsetting against the mortgage. Our Mortgage Balance is £62,715 with just under 12 years remaining on the term. My monthly interest has been…
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Moving Home - Paying off outstanding loan with new mortgage?
Hi, My house is just about to go on the market, and I have been in touch with the bank to see how much I can borrow. I have an outstanding loan with the Natwast (£6000 ish), and was wondering would I be able to add this amount to my new mortgage when I purchase my new property? Therfore paying off the Natwest? Thanks
