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Cancel or keep credit cards before mortgage application?
I currently have 4 different credit cards, 3 that have peen paid off in full. I am going to be applying for a mortgage soon and am just wondering if I am better to cancel the 0 balance cards or keep them. Will it affect my credit score as at the moment I am using a low percentage of my available credit which is a positive…
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Should I pay or should I no?
Nearly mortgage free. We are in our mid fifties, have paid off the endowment which leaves a 12k Santander standard variable rate repayment mortgage of approx 18 years for which the payments are comfortable. We have just given up our jobs to drive to Bulgaria to live on a joint income of 15k. We do have some savings but the…
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New MMR rules, advice please
Hello all. In desperate need of advice, we are 4 weeks from completion and our lender has undervalued the property by £12000 under old lending criteria we could just ask vendor to reduce by that amount but our lender is telling us that any change in LTV from sale agreed price will mean recalculated under new rules and due…
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Applying for a Mortgage & Credit History
Hello! So, after a long time I am officially debt-free. I had an abysmal credit history due to a previous relationship I was in. I have managed to maintain, for the past 5 years, a clean credit history, mainly because I couldn't get credit. I am with a new partner and we are looking to buy a house later this year. All my…
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Mortgage advice - First time buyer - large deposit but self employed
Hi everyone Looking some advice as I'm new to all this. Basically the situation is this: OH owns his house outright - no mortgage - has never had a mortgage. We've decided to sell his house and move to a newer house. House is on the market less than a week and have two viewings lined up already. House valued at £130K…
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Anyway Possible?
I posted a while ago about buying my dads house. However this is no longer possible and me and my husband are now looking to buy our own property. I have been in a dmp for a few years, never missed a payment still a large amount owing, more than managable monthly though. So, would I be able to get a mortgage whilst on this…
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Signed documents lost by provider
In February we contacted our mortgage provider as our fixed rate interest only mortgage term was due to end in April. After a long call we decided to go ahead with a new fixed rate on a repayment basis. No fees to move a couple of months early. It was close to when our March direct debit was due to be taken and so we had…
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A Wing & A Prayer??
Hi :hello: My husband and I are currently renting after selling our shared ownership home last year. We inherited a large amount of money which we used to pay off outstanding debts (hence being debt free, finally!) and still have £20k in our savings account. We also have a 50% share in a property that is up for sale…
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Outsanding foreign currency mortgage
Hello, i have a outstanding foreign currency mortgage(Home loan outside UK) , I am UK resident and looking to apply for a new uk mortagage ,possibly with halifax. Foreign Property is let for rent but monthly payments needed for mortgage doesnot match exactly to rent. could any one please help in clarifying below questions…
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Mortgage/New Home/ New Job??
All, Just a quick question really. We (partner and I) have sold our 1 bed house and have an offer accepted on another house. 1 - How long are mortgages applications valid for? 2 - If I get a new job in between a mortgage application and completion - what happens? Thanks all :D
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Applying as a (married) couple, only one credit checked?
Hello all Baffled by the situation, does anyone have an insight into why, though we are applying for a mortgage as a married couple, I was credit checked through Equifax yesterday, while my husband doesn't have any records of credit checks ran by the lender?.. He earns a bigger wage and has a better credit score so if they…
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zero hour contract and mortgage
Im looking to hopefully get a mortgage in 12 to 18 months time and will hopefully have a 20 percent deposit. However I currently have a zero hour contract (agency work). I work in healthcare and realistically there is never a lack of shifts. Can I use say 18 months of payslips or should I be looking into getting a full…
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New Mortgage rules
Last October we asked our bank (C&G) if we could make over payments on our existing mortgage, to which they agreed. They apparently sent a letter to confirm the new payments. Today we phoned them again and asked if we could stop making the over payments for the time being. They said that the term of the mortgage was also…
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Were/Are you happy with your first property?
Were you happy with your first property? Was it the so called dream home? I guess most of the first time buyers don't/can't get their ideal/desired home at the first purchase. How was it with you? In my case it is ok for a starter home, whatever that is.
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Is this a typical starter house?
Would a 50's semi-detached 3 beds with 90 sq meters considered a starter home? I always hear this term, starter-home or first time buyer home, but not sure what would be one. Is it denoted by price or size? Ok, let me rephrase it then. Is house like that, considered average, small, big here in England? I generally find the…
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How long did you stay in your first property?
How long did you stay in your first property before selling it to move up in the ladder? A newbie question: do people move up in the ladder solely with the property valuation or also increasing deposits or overpaying the current mortgage?
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How confident are you in the property market
Just a poll here, really. I live in WGC, Herts and properties have increased around 7% since last July, taking to account two estate agent valuations. How confident are you in the market for the next couple of years (outside London)? Do you think it is going to cool off slowly, keep up?
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Arrangement to pay marker and mortgage app
Hi All Myself and my partner are looking to buy our first home together in the next few months. We have a combined income of 60-70k and currently have around a 7% deposit which is growing month on month, towards a 200k house. We currently have around 3k in debt between 2 credit cards which again is reducing rapidly. So…
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Got mmr application in principle. now no houses available lol
we did our application once the mmr came into force, did everything , and virgin came back the best who will lend us up to £160k, we have £30k for deposit :beer:, possibly more, but now we're looking at houses to buy, none take our fancy! typical! It's so exciting :D i really thought id ruined our chances with my previous…
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Problems with mortgage
Hi all! Looking for some advice please. My husband and I have found a house and had an offer accepted. I have bad credit, spending beyond my means as a young adult, but had everything- an over draft- payed off three years ago, and had payed over three years without missing a payment. I am a full time house wife, and have…
