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SVR to rise more slowly than tracker?
I took out my first mortgage in 2010, a tracker with HSBC at around 1.5% above base rate for the duration. With the base rate forecast to rise in the not too distant future I've been reviewing my options and am thinking of moving to an offset mortgage with the Beverley building society. This is currently running at 1.95%,…
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Help to Buy - newbuild or not?
Hello all, I am looking in to the Help to Buy scheme as a first time buyer. I've been looking at the FAQ section on helptobuy.org.uk, but it seems to contradict itself. -It says that newbuild and existing properties are eligible. -Elsewhere it says that only new build developments are eligible. -Somewhere else it says that…
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Offer conditionally accepted, whats next?
Hi, I got an offer accepted for a house today. I have couple of questions if anybody can help The EA asked me to provide two form of IDs which I did emailed him but I am not sure why he has asked for ids? I am a FTB and the house is also offered chain free which is good thing but just want to confirm how long should I…
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Remortgage and debt
Hi. Just after some advice please. I current have approx £32k of debt on credit cards which I would like to pay off by moving house. £16K of this is on my wifes credit cards (0%). From valuations, I think we have approx £65k in equity in the house so could still put down £30k+ deposit for the next house. My wife is…
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Which mortgage to choose...?
Hi all, I am in a bit of dilemma. Which mortgage to choose...? I am torn between 2. Background Goals are ideally to pay off mortgage ASAP. In theory this would happen as my wages should rise over time and thus in 5 years time I hope to have more disposable income to make larger overpayments. (LTV 60%) The market seems to…
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Bank has agreed mortgage in principle, but seems unaffordable to us!
Hi, I was wondering if anyone can explain- the bank has agreed to offer us a mortgage in principle (since all the regs were tightened up) but, having crunched the numbers- we don't think we would be able to afford anywhere near the amount they are suggesting- it would be more than my husband's salary. Less than half in…
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Mortgage and Adverse History
Hi all, I appreciate advice can only be tailored on account of many, many facts but I'm just after a broad response. My wife and myself are looking to buy our first home (been privately renting for around three years), my wife has a faultless credit file. We have outstanding credit cards between us of around £2,000 (which…
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Impact of buy to let
I've been lurking for a couple of months since we started this process but am now registering in the hope of getting some advice. Have agreed on house of our dreams, applied through broker to Leeds BS for mortgage of £130k and have deposit of 50k. Partner and I have combined income of 52k, no debts, excellent credit and…
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Close to commercial premises
Hi all, I'm looking at buying a property and thought as I was in the bank yesterday I'd speak with their in house adviser who mentioned that as the house was close to a pub it may not be mortgageable. I know about flats above and properties connected to commercial premises but not close to and this one there's about 3…
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Mortgage offer due soon. Increasing deposit amount last minute + fixtures question
Hey all. So looks like FINALLY our mortgage offer might be in very soon *touch wood - not superstitious normally - but its been so long now I'm not changing anything*. (approaching 4 months I think...thanks to the EA MA's frequent screwups) At the time we applied, we were putting down 40k and a 70k mortgage (20k being…
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FTB Mortgage Query
Hi all, Just wondering if we would be able to get a mortgage although I probably know the answer! So our situation, me and my girlfriend are still living at home in the midlands and are both 22. We have managed to save £55,000 for a deposit. I work for my dad as an electrician but don't have a contract officially. My…
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Cleared Debts before Applying for Mortgage
Evening all, Quick Q, how long should I leave the credit files to update themselves before I push on and apply for a mortgage? I was thinking 4 weeks? Thanks
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Precise Mortgages - DIP timeframe?
Hi, anyone got any idea how long it takes to get a DIP from Precise Mortgages? I saw on MSE that their full app takes a long time but hoping their initial DIP is quick!
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The full mortgage app is in... And I'm terrified!!!
Sooooo.... After along time saving, working hard and saving a bit more in between, our Mortgage application has been submitted, we've got the AIP, the survey fee has been taken, first part of legal fee paid to solicitors, everything seems to be moving with pace now. My FA says I should have an answer within 1-2 weeks, a…
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Help to buy equity scheme questions
Hello I'm looking for advice regarding the help to buy equity scheme, we are looking at a new property purchase & this scheme seems to good to be true ! The property is a new build & I've got approx £100k equity once my present property has sold, the new build is £280k & the scheme reads I can borrow 20% via the scheme…
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Mortgage advise... moving but paying mostly cash??
Hi there! I'm hoping someone can help with this best thing to do in this situation... Me and my OH are currently living in a house we paid 96k for 6years ago and we have about 86k left on our current mortgage. Unfortunately my m-I-l passed away just before Christmas and her house was left to us in her will, The house is…
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Remortgaging and Revaluation
Hello I am looking for some advice about getting a new mortgage deal since our's is coming to an end in August with Natwest. We had a quick catch up with the customer advisor in Natwest branch today before our Natwest mortgage advisor meeting in a few weeks. Our situation is currently- House Purchased 2 years ago for…
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Nationwide Save To Buy / Flexclusives / Credit check question
Hi, My boyfriend and I have had a Save To Buy Savings Account with Nationwide since January. We want to start looking at houses and potentially applying for a mortgage pretty soon. I have been looking at their Flexclusives mortage offer with free standard legal fees, and 4-year fixed rate. To get this deal you have to have…
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mortgage for 1 year old flat
Hi, I am looking for some advice about mortgages on fairly new builds that have been lived in for less than a year. under what conditions is a property considered 'New Build'? I have had an offer accepted on a 1 bed flat that is 1 year old with short tenancy previously. In the process of applying for a mortgage and have…
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Valuation/survey Fee
Hi all, we are in the process of buying a house. The Broker seems to be charging us a £149 admin fee for arranging a survey. Is this normal? It is not the survey fee, but a fee payable to the broker.
