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Can't find a lender
Hi all I'm a first time buyer who currently rents. I rent a very small 2 bed semi bungalow for £900 a month. I needed 2 bedrooms as I run my accountancy business from home and the second bedroom is used as an office. The bungalow is valued at £250,000 (despite having no front or back garden and parking for only 1 car...)…
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new fixed rate deal
are fix rate deal with Lloyds finished about 6 months ago and for the most part paid above the variable rate as rates came down,the chance you take i know and have no complaints about that ,however when are deal ended and are payments went down all well and good but i like the security of knowing what we have to pay out so…
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HELP! Halifax Mortgage Promise - Full Application
Hi, I was hoping someone on here can help me sleep at night. Myself and my OH are first time buyers looking to get onto the property ladder. We had a meeting with Halifax who gave us a "mortgage promise". Although we did not qualify in band "A" for a 5% deposit we were classed as an "A" at 10% deposit. We accumulated the…
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Natwest Remortgage
First post here! I currently have my mortgage with Natwest and the introductory period has just finished. I've been shopping around, however I noticed Natwests intro rates for a remortgage were actually very competitive, only problem was the LTV of the house wasn't low enough. Rang them and decided to get the house…
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DIP - New rules !!
Hi all Thought Id post a qui question to see your views. At the start of the year we were looking to move house and went to the FA and were given a DIP from the Halifax which expired on 14/04/14. So as normal we put our house on the market and waited. Around the 11 of April we received an offer on our house, found one we…
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buying a house outright for cash- FTB, appreciate ur help.
hello everyone, This is my first time on the forum so please bear with me. We are first time buyers and planning to buy a property outright with cash, which comes from selling ancestral property abroad (India) We would get around 140k + my savings of 30k (locally!) + credit cards or a small personal loan of 20k (?)…
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Mortgage Application - Damp
Hi, I'm new here and looking for a little advice from your own personal experience. I am in the process of buying a house, before explaining I must emphasise that the house isn't vacant but the person who own's it is very rarely in it and therefore doesn't turn the heating on. I noticed small bits of damp in it myself when…
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wording on mortgage
Hi, Just got our papers to sign for applying for the mortgage and it says, DECLARATION FOR EXEMPTION RELATING TO BUSINESSES: I am/We are entering this agreement wholly or predominantly for the purposes of a business carried on by me/us or intended to be carried on by me/us. I/We understand that I/we will not have the…
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Guarantor mortgages
Hi all Myself and my fiance are planning on buying our first home in London. We have a 10% deposit saved up. He is in a permanent job (but has recently changed jobs so is in his probation period). I am in a fixed term contract which may be made permanent in the next couple of months. We have been wanting to buy for a while…
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change of property timescales?
Hi guys, i have recently had a mortgage offer from Santander. I am now having to change the property i am buying due to construction problems. What sort of timescale am i looking at in terms of getting another valuation booked for the new property? cheers
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Mortgage and credit rating
Hi, I'm new to the site so apologies if this has been asked before. Me and my partner have recently been for some mortgage advice and were told to check our credit ratings on noodle.co.uk. We've both checked before on Experian and our credit rating has been fine but on noodle my other halfs credit rating is only a one…
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MSE News: New mortgage rules: How do they affect you?
Potential home buyers who want a mortgage will have to have their finances scrutinised more closely from tomorrow Read the full story: New mortgage rules: How do they affect you? Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro…
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Advice appreciated
Hello all, Have been viewing this thread for several weeks and this is a first post. I've found this whole process quite new and daunting so advice and reassurance would be much appreciated. My partner and I are hoping to buy our first house under the help to buy mortgage guarantee scheme and are awaiting the outcome of…
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Swopping mortgage rate - keeping lender
Swopping to a new rate with your current lender is a 'Transitional Arrangement' under FCA rules. A lot of posters on here are asking if they will have to prove income is sufficient to take a new mortgage rate. Many brokers have confirmed that there are lenders that intend to ask for proof of income to swop a product in…
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What is a direct deal
The FCA say brokers who do not consider 'direct deals' need to make the customer aware of this. This is all very well - but do you 'CUSTOMERS' know what 'direct deals' are? If I told you I do not advise on direct deals would you really understand what I am saying? Feedback would be appreciated.
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How do I find a whole of marker mortgage broker?
Hello My husband and I sold our main home in January and are currently living in our second home which was bought on a BTL mortgage and was rented out (we have permission from our lender). We want to stay permanently so need to remortgage to a residential mortgage. We have an appointment booked to see our bank (Santander)…
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First time buyer mortgage advice
Hi, Me and my partner are currently looking to buy our first home after renting for the past few years. We are looking to spend around £160,000 and have just over a 10% deposit saved with extra funds to tackle legal fees etc. Due to our jobs, doctors in training programmes, we need to re-apply to progress up the training…
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A brokers perspective...MMR
You'll see many posts on here with the comment ' Go see a broker' - and they are unsurprisingly usually posted by brokers! However with MMR in place its already starting to show the gulf that is widening between the big players ( Banks, Building Societies ) and brokers. We are seeing waiting times of weeks for…
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Whata re my chances of a mortgage
I'll make this is simple as possible but please bear with me. My wife and I want to buy a house and will need a mortgage, my wife is a newly qualified lawyer earning 35k a year. We also have a 60k deposit which I believe is fairly good. I used to have a fair bit of debt which was all paid off as settlements last year when…
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Mortgage after defaults
Hi Gang, This is mainly directed at the mortgage advisors on the forum please, i have 2 defaults that will drop off my file in June 2014 and am currently negotiating f&f settlements with the final 5 of my creditors, my questions are will the partial settlements hurt my application and also how long do i have to wait until…
