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requested further information with santander
What does this mean..... 'Please confirm background to transaction'
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Help elderly mother by using mortgage reserve?
Any advice on the following? I have a Barclays/Woolwich offset mortgage and part of this is a mortgage reserve, currently over £100K available to borrow if I wish. My mother is selling a flat and trying to buy another ground floor property. She accepted offers twice only to have the chain fail further along the line from…
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Should I sell my buy to let property ??
Hi, I am new to this site..... Here is my dilema....... I have a buy to let 2 bed flat worth £165,000 (mortgage is interest only £140,000) monthly rent £700. Ive had it for 7 years. mortgage payments at the moment are £480. plus insurances etc total cost is £580. I also have a secured loan on my own house which has £19k…
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Agreement in principle question...
Hi All, I was told by an insurance broker that:* getting an agreement in principle from the Halifax leaves a soft footprint on your financial record * getting an agreement in priniciple from other sources can leave a hard footprint * If circumstances change and you need another agreement in principle this could look…
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Quick few mortgage queries
Hi all, I think judging by the answers within the Mortgage area, I am going to be advised to see an advisor however I just wanted to arm myself with a bit of information before I start kicking things off. Salary 1 : 45k Salary 2: 17.5k With no debts outstanding, the salary 1 person can afford upto potentially £2000 a month…
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New affordability rules and second jobs
Does anyone know how the new affordability rules work when you have a second job? I have two jobs, one is a permanent position paying me £16300 a year and the other is a temporary role that pays almost the same. My permanent wage covers all of my financial commitments. I use the wages from my temporary job to pay for…
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Santander not allowing us to fix rate
Hi all wondered if anyone else has come across this problem. Had a mortgage with Santander for past 10 years. 3 years ago we went onto a dmp due to credit card debt. Our 5 year fixed rate is due to expire in August and with rates predicted to rise I rang them last week to see what they could offer. I was told that they had…
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cash advance lottery
I was in charge of a lottery syndicate at work. Not everybody in the syndicate gave on time so I usually bought the tickets online using my credit card and then transferred the money into my credit card account afterwards. I have since March stopped running the syndicate and I subsequently paid off and cancelled the credit…
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Buy to let abroad help
Hi all, I own my property outright, no mortgage. I have 30k sitting in a premium bond account and I'm considering putting it toward an apartment in Barcelona with a view of taking a £100k mortgage. I would like to receive rental income and use it myself to visit occasionally. As I've never had a mortgage, would it be…
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This feels complicated! Can you help?
Hello everyone, I would really appreciate thoughts, observations or advice on my current situation please. I am in the early stages of privately buying a house. So early in fact that I don't know the value but we think it will be in the region of £400k I currently own a house which is worth £325k and I have £200k mortgage.…
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how long in new job before I can get a mortgage
Hi My partner just started a permanent job last week and eventually would like to get a mortgage. How long does he need to be in the job before we can start looking at houses? He has three months probation period then will receive his permanent contract We are in south west wales and will be looking for a mortgage advisor…
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Finding a Mortgage Broker
I have read the forums, and Martin's advice. Before I start hunting for a local Whole of Market adviser, is there a list somewhere that I can use as a starting point in my search for the right broker for me?
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Can i remortgage ?
We are currently looking to extend our 3 bed semi. The house value is around 225k and we owe about 125k. My salary is around 22k while my wife is self employed. her businesss turns over around 36k (profit of around 18k) however this is only the second year so we only have one years full accounts. Her business is growing…
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Rude mortgage adviser at Barclays
I was applying for a mortgage face to face with a lady at Barclays and she was so rude! After giving my credit card balances she said 'wow it'll be a miracle if this goes through' and then when she asked if I had any defendants and I said 3 kids & am married - she said 'wow this just goes from bad to worse, there is no…
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ING Direct to Barclays move
Hello People, I know there are many smart people on here. My ING direct mortgage is moving to Barclays this summer after the take over. I have received numerous letters but have just spotted this in one of the booklets: Interest will still be calculated daily but added on the first day of the month, rather than the last.…
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Remortgage with Parents as Guarantors
Hi I have recently separated from my wife etc divorce going through but not complete. I have the chance to take over the house and remortgage in my name only. My parents have offered the money to buy out my ex. My credit rating is not good at all and i am on a debt plan for credit card debt. I have never missed a mortgage…
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HelpToBuy - with Right to Acquire?
Hello, I currently rent a social housing property which I'm trying to buy under the Right to Acquire scheme. I had gone through a provisional mortgage application with Barclays which I was accepted for... I went back today to finish it off, and I was told that because it's Right to Acquire, they cannot proceed with the…
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New Mortgage Rules ARGH!
HI, would like some advice/help on the new mortgage applications- Basically we have almost paid off our mortgage thanks to MSE, house value of 170k owing just 13k, we now need a larger home as there are 5 of us here - we went to our bank who we have all our accounts with along with business and current mortgage. between us…
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Implications of being a Guarantor
Hi, I am looking to be a guarantor for my sister who is going thru a divorce and wants to keep the house she is living in etc etc - I said I would look into this as she has been refused the mortgage at the moment - just wonder what the implications are other then the obvious of the bank coming after me if she defaults.…
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Gifted Funds
Hello, just wondering if anyone can offer some advice ? My wife and I are in the process of applying for our first mortgage (survey done just waiting for mortgage offer) Anyway my wife's aunty has said she will help us out by giving us some money for legal fee's stamp duty etc (she did the same with my wife's sister and is…
