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When do you apply for a mortgage?
Seems a silly question? We are in Scotland. We have been in touch with a mortgage broker in hope of getting a mortgage (hubby is a contractor so not straight-forward!) We have supplied the mortgage broker with numbers - eg the minimum deposit we will have, the likely cost of the house we will want to buy etc. Broker says…
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First time remortgage help haven't got a clue!!!
Our first time buyer 2 year deal is coming to an end in a few months. I could probably ask 100's of questions but I'll start with just one. LTV deal? ? How do I figure out what I'm going for? Is it just what I paid for the house less my deposit and what I've paid off the balance of the mortgage over the 2 years? Sorry to…
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Buying parents house
I went to get a mortgage a couple month back. And was accepted for just under 70 grand which was fine as mum and stepdad was giving me 10 grand for a deposit. But when I put my wife's name on it it took it down to 55 grand. So I was told come back in 30 days to try something different. So I returned what we did was put her…
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Will old arrears affect my mortgage application
Hello all, I've been thinking about moving home, probably applying at the end of the year, and have been checking my credit files as you do. I have just looked at my Noddle report and it is showing a few arrears in 2010 and 2011 for my current mortgage. There is also one month arrears in November 2012 as well as…
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Gifted Deposit Source Query
Hi, applying for a mortgage through Santander - large part of deposit/ and or stamp duty/ solicitors fees was expected to be gifted from father in law. My wife will live in the property but not be on the mortgage. Will this be an issue assuming he signs to confirm it's a gift and no interest in the home etc? I know that if…
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Norwich & Peterborough Mortgage - New Job - Restrictions
I was wondering if anyone is aware of specific restrictions with Norwich & Peterborough, in particular any requirement to be in a job a particular length of time or not be in probation. I have seen a cheaper rate with N&P online to the one our mortgage broker is offering but my partner started a new job 1 month ago (on a…
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Post Office deals?
Does anyone know why the Post Office have dramatically cut the number of fixed rate deals available? Just looked and there are hardly any fixed rate deals.
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Miss sold endowment
Hi I was going to claim for this about 2 years ago but was told by the company that they were changing the way it was being invested, and it should make what was originally planned, however it hasn`t and will pay out in September at the reduced rate, can anyone tell me if I am still able to claim ?
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Need urgent help before applying for a mortgage!
Me and partner are about 4/6 months away from having enough cash to put down for a deposit. The problem we now face is that my partner has been offered a new job (£8,000 more a month) then her current job. This new job however is for maternity cover so will show up as temporary on her wage slips. The likelihood of this…
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Is anyone else having timing issues with Woolwich?
I am tearing my hair out, but feel like there's nothing I can do. It will have been 3 weeks tomorrow that we got our valuation back that valued up, and still no mortgage offer. They requested last week proof of overdraft and tenancy agreement to show our rental payments which we provided immediately. Everytime our MA calls…
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Virgin Money Mortgage
Hi, has anybody had any experience with Virgin Money Mortgages? Do they exclude debt to be paid down when applying for the mortgage, it appears they do from their borrowing calculator online but I'm not sure. Thanks, KH
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Electoral Roll and Mortgage Application
Hi, First post here! Hopefully someone can help me. My partner is in the process of selling her flat and then she will be moving in with me. Our plan is then to sell off my flat and purchase a property with a mortgage together as soon as possible. My query related to the electoral roll and how long we should wait before…
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Recently widowed, do I pay off the off-set mortgage?
Hello I was widowed in March of this year. My husband and I had a joint off-set mortgage account, which was also our bank account. I have changed the account now solely into my name. There has been various monies paid to me from pensions and insurance. The off-set is actually now in credit. Do I actually pay the mortgage…
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Joint Mortgage with partner
Hey everyone! I've got a question about joint mortgages... My partner and I are planning to buy a house together, and he was thinking of buying a house based on his income, but to have me as a joint owner of the property as I will be donating half of the deposit. Is that possible? I look forward to your replies. Regards…
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negative equity and moving
my property is currently sitting in negative equity and we are relocating with work, house is currently worth approX £50,000 LESS than we paid for it. paid £165k worth approx £110k mortgage currently at £142k what way can we get round this to allow us to sell this property and move mortgage to a new property without having…
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Will Nationwide listen
Hi, I am very very stressed applying for a mortgage. We promised we would move quick so have paid for searches, valuations & instructed solicitors etc, but are still waiting for our mortgage offer. We have applied with Nationwide who we already have a mortgage with for £27K, finishing in 7 years. We now want £45K against…
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Help to Buy Scotland
Currently having a nightmare with the Help to Buy Scheme (Scotland) and wondering if anyone else is in the same position? We reserved our new build house on 4th July and submitted our HTB application on 9th July. The news broke on 18th July that the scheme was running out of money. Our application was put on hold (all…
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No mortgage review until...
Just wondering has anyone else encountered this? - Our current mortgage deal is coming to an end in September. I have just rang the Halifax, who we have had our mortgage with for the past 28yrs, to enquire what deals would be avaialble to us. However they will not even discuss my options until we switch our current method…
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Mortgage / credit card query
Just something im looking into not saying im going to do it just wanted some advice. We have had out mortgage application approved and got our mortgage offer through. The solicitors bill will just knock my husband into his overdraft so to help him stay ontop of things until we get our bond back on the rented propeperty we…
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Help me! Equity or Gift.... it's complicated!
Hi there My partner and I currently live in a house (that we have recently sold - STC) which is in a joint mortgage. We are buying another house which has to go in just my name (because my partner has been a company director for under a year - hence no accounts/proof of earnings - so new house is going in just my name). I…
