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Experian and Santander
Santander have told me that my application is declined because of the experian credit check but they can't see it to tell me why. Since I've checked and seen I'm not on the electoral roll so I've assumed this is the problem as everything else is fine. Now once this is sorted I will go back to Santander to try again. If it…
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Help to Buy query
Hi, I've been researching the Help to Buy scheme but find it hard to understand one aspect - can anyone help? If I pay back the 20% government equity loan within the first five years, I avoid paying the fees that start thereafter. But do I still owe the government any equity when I sell the property? IE, is this correct:…
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Santander Flexible offset
Hi, I searched but couldn't find the info i was looking for. Do Santander have minimum loan amount on there offset mortgage.
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ERC, exchange and completion
Ok here goes. We have an ERC with Existing mortgage lender that expires on Sunday 31st August, we will be changing lender as existing provide won't lend us sufficient funds for properties we are looking at. Is it feasible to exchange several weeks before this date then complete on Monday 1st September or will there need to…
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Mortgage with 5 year old defaults
I know this has been asked before and I have read many threads on gaining mortgages with poor credit but wanted to know if things have changed over the last year or so. DH and I have around 6 defaults between us all from late 2008 early 2009 And all paid off. We have a deposit of between 10 & 15% depending on the price of…
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MMR for those remortgaging
Possibly one for the brokers, but does this MMR mean that a full remortgage process (with affordability assessment at the point of remortgage) will need to be gone through even where the borrower wants to stay with the existing lender? (I have read of the transitional arrangements in place that permit current lender…
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Finding it difficult to even get an appointment!
We have Agreements in Principle with both RBS and Nationwide. Offer was accepted on a house yesterday and I immediately tried to get appointments for full application. Provisional date for moving is 30th May, to tie in with our sale. RBS said that they couldn't do a telephone appointment until the 8th of May and a branch…
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Changing mortgage Question
Hi sorry if this is a lame question. My partner has a mortgage on our property he now wants to change mortgages, there is no charge currently to change our supplier, however he is concerned because his earnings when he took out the mortgage looked really healthy due to his overtime etc. Although he still has a good salary,…
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remortgaging on reduced pay
I am currently at the end of my maternity leave and will be returning to work part time next month. I've just started worrying how this will affect our mortgage when it comes to remortgaging. On my reduced pay we would not get the mortgage we currently have , what situation would this leave us in in 2 years if i wanted to…
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MIP to Mortage Offer
Hopefully, i'm getting nervous over nothing. We have a MIP which we got a few weeks ago from Halifax. We're now going ahead with the full application (Post MMR but my broker has assesed us based on these rules already). Our credit rating is excellent (i even got 999 from experian!!!) However, we both constantly use our…
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Nationwide valuation/HB report "We have received a satisfactory valuation report"
Hi all. Having started a mortgage application lately through Nationwide (via Broker) We chose to pay the extra (£330 instead of £180) to have a homebuyers report done. I believe this was done yesterday at the property. We have today received a text message saying "We have received a satisfactory valuation report. We will…
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Legal cover with a Halifax mortgage?
I am looking for legal assistance to pursue a matter regarding my home. Does anyone know whether the Halifax mortgages include legal assistance?
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Endowment provider transferred my endowment
Some years ago my endowment provider (a mutual) "transferred" my endowment to another provider (also mutual). I was given no opportunity to influence this and to cancel would have meant a large reduction because of redemption policies. Now since the transfer I haven't had a single annual bonus - I understand when times are…
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Armed Forces Help to Buy
I appreciate that this question may be better placed on the Armed Forces board, but this one gets more traffic. Does anybody have any experience yet applying for the new Armed Forces Help to Buy Scheme (not LSAP)? If not, can anybody recommend a broker who is used to dealing with the peculiarities of mortgages for the…
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Change Of Deeds
Hi there everybody I I have a question I need to ask which I am not sure of. I bought a house with my father in 2006 on a interest only mortgage now my dad is 65 and I am 28 years the department of work and pension pay around about £220 a month towards the mortgage for my dad and also we only pay half of the council tax.…
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Mortgage arrears
Hi, can anyone help with this? In September 2006 I was facing repossession due to a divorce. My mortgage arrears at that point were £3801.00. Serious I know. I have been paying £80.00 per month, every month, without fail to my lender and for the past 2yrs I ave been paying £100.00 per month. All of this has been paid as…
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Shortfall on mortgage endowment. Which route?
25 yr mortgage ends July with endowment term end. Endowment was for £80k but only going to realise c£55k, o/s mortgage is £71k so about £16k shortfall. Not sure how to check if endowment mis-sold (what evidence would I need?). Had been on fixed mortgage rate with Halifax but fixed rate just ended and interest only payment…
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Mortgage fixed term ended - any advice
My fixed term of 4.04% has ended. I am now on the rate of 3.99%.:) Tonight I had a look at my mortgage payments and have discovered instead of keeping the payments the same they have reduced the amount taken.:( I wanted to keep paying the same amount or now that I have only tweaks left to do in the house actually pay a…
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Mortgage calculator. New affordability rules
Hi there, I wonder if someone can help me. I have been looking on various lenders mortgage calculators to see how much we could possibly borrow, now a few of these calculators are asking for ground rent and service charge payments. I do live in a leasehold property but we are looking at buying a freehold house. It seems…
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Renegotiating sale price after mortgage application
Hello, We've recently had a mortgage application accepted for £45,000 (around 20% value of the property). The home buyers report indicated that we may need a full rewire of the property and so we may be negotiating the price. I was just wondering if this price is dropped, will we have to reapply for our mortgage and thus…
