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Mortgage In Principle - How Long Does It Last ?
How long does a mortgage in principle last? Does it expire after a set time or do you just get one, and then they will assess you again when you actually apply? THANKS
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Student mortgages
Hi. My husband and I currently have a mortgage but we need to move due to growing children in the same room. He works full time and I am a full time nursing student but I still work regular part time hours. We have never had a problem paying our mortgage. Is it possible to get a new mortgage whilst I'm a student, and would…
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Mortgages and maternity pay!
Hi, was wondering if anyone could help me. My wife and I are currently looking to move home, we have sold our home and this is close to completion. Luckily we have somewhere to move into temporarily as there will be a lag between the sale and our potential purchase. We are looking to port our mortgage with Santander who…
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Moving and increase in borrowing..
Hi All, I wonder if anyone can help and offer the best course of action. Our house is worth £170k est, outstanding mortgage 121k. We currently have 35k in savings, so after the house is sold we will have a usable deposit of roughly 70-75k . Am I calculating this correctly? Or do I just need to borrow more on the original…
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Getting a mortgage on a work permit
Hello, My husband is Canadian and I am British. We live in England and my husband has a successful job in NHS management with a guaranteed salary increase for the next 5 years. My husband is on a 2 year work permit that will be renewed early 2015. He will then be entitled to another 2 year work permit before we can apply…
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Post Office Mortgage Intermediarie
Hello, Sorry for the novice question, but I seem to remember reading somewhere that the Post Office was considering allowing access of it's mortgage range to brokers. Has this happened, and any idea if these products differ from what I would be offered directly? Has anyone had any experience of this? I've found a link but…
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HSBC failed scoring
Hi Had a recent in-branch application for a mortgage at HSBC turned down. We were told affordability was fine, and our credit search was fine. Beyond that it was basically a "computer says no" explanation. Anyway, what we didn't quite understand is what this means for our credit reports, so I hope someone could answer the…
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Saving for a Shared Equity Pay Off
Hi I purchased my house using a shared equity deal in 2011. As part of the deal, I in effect have a secured loan on my property for 25% of its value when I purchase it (£56k). The loan is interest free for the first five years, and bears an interest rate of 3% thereafter. The loan is repayable in 10 years from the date of…
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home buyer report
Hi I just had a offered accepted for a property build in 1999 Sept. Done two viewing the property is in pretty good condition only change it had since build is a new conservatory extension. Cant see any visual damp, cracks etc, pretty well maintain. Slight downside is the owner is still using the water tank system instead…
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Endowment Shortfall
My wife and I were sold an endowment mortgage 20 years ago for the mortgage sum of £12,500. The mortgage is due to mature at the end of this month, June 2014. The investment company have contacted us recently to inform us that the shortfall will be around £6300. We had, like others, made a claim previously against the…
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Shared ownership help!
Shared Ownership Advice My husband and i purchased our house about 6 years ago. We own 40% of the home which is around £94,000. The house is worth around £220,000 now (it was worth more when we purchased it). We pay the mortgage on the 40% and rent on the remaining 60%. It works out more expensive than if we had a mortgage…
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Buying out persons equity in House
sorry if my thread title is incorrect. Was speaking to Nationwide about buying my wife's Share of our House. The house is in both of our names. If we sold the House there would be about 20,000 each left after clearing the mortgage. I asked Nationwide can i borrow 20,000 so I can give her her share and takeover the mortage.…
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joint or single application
Hi guys Buying our first home and currently applying for a mortgage. Unfortunately have ran into a problem. My wife was working for my parents (a small shop) last year, but then too maternity leave (due to go back in July). So I filled out all the forms stating she was on maternity but due to go back. I have to provide a…
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Waiting is breaking me!
Hey everyone, My OH and I applied for an AIP this week, got it and now I am surprised at how much I am stressing out waiting for valuation and the actual mortgage application to go through! :o We moved to England 5 years ago from Ireland, and apart from a spell where our cards were maxed out, and a small loan of 2.5k all…
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a few mortgage queries
Hi all, Looking at getting a house next year. Jan Feb time. I've got about 30k saved for a deposit. Based on income of 40k per annum what would be the most I could borrow? I'd prefer to have some largish mortgage payments to get a bigger house versus having to pay fees all over again when we need a bigger house (if we had…
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Endowment - poor performance
I have an endowment policy maturing next month. It's run for 25 years, costing £50 pm and is paying out about £23.5k. I rate that as exceptionally poor performance - I've complained, for all the good that will do. Ball park - what would you expect £50 pm to achieve over 25 years (stock market investment, mainly)? Thanks.
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Halifax port mortgage, tears,stress and 16hrs on the phone so far!!
Hi guys Me and my wife have had our mortgage with the halifax for 8 years never missed a payment and are overpaying by £100 every month. We have £170k left and have just agreed a sale of £350k on our 2 bed house in surrey We have had a £275k offer accepted on a brand new 4 bed in Hampshire. We're looking to take £60k off…
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Including buy-to-let income in mortgage application
Hi all 3 years ago I bought a property for me to live in, and then in august 2013 I moved out and transferred it to a buy to let mortgage. I now receive regular rental income on the property. We are now applying for another mortgage to buy a residential property, I applied for an application in principle online and got a…
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Mortgage possibilities with existing mortgage and second applicant maternity contract
Hi everyone, I after some advice. Newbie so thank you in advance. My wife and I already have a residential property that we've been letting long term on a consent to let. The income is more than the interest only basis it is on; but there is no equity. We are keen to try to keep this until we can at least get some of our…
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Anyone had experience of teachers building society?
My husband and I are looking to buy our first house but he is about to qualify as a teacher and will start a one year fixed term contract in September as a Newly Qualified Teacher. I assume it will be difficult/impossible for us to get a mortgage from most lenders while he does not have a permanent contract, but teachers…
