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mithering broker
When is it appropriate to start hounding er I mean contacting our broker for information? He submitted the paperwork to santander on friday last week but heard nothing yet.
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General Mortgage Questions
Hello, I'm hoping someone can help put my mind at rest with our mortgage application, it's still early days but this is our first mortgage so unsure of a few things. Here's a (short) timeline of events - 25/06 - Met with broker to discuss application, he recommended NatWest and obtained a decision in principal from them…
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Help to Buy mortgage guarantee for Tier 1 General
I am really desperate for some solid advice here. My partner and myself are both Tier 1 General visa holders with 2.5 years left on our visas. For some reason I thought we did not qualify for the Help to Buy Mortgage Guarantee scheme (5% deposit), but I did some digging and cannot find anything that would exclude us,…
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Repossession orders?
So I got into really bad debt when I lost my NHS job 9 years back in 2009. My mortgage arrears were quite bad and the only reason the house wasn't repossessed was because of the recession. The mortgage company took me to court and were granted an order that allowed them to put in for repossession should I not keep making…
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One for the brokers
Hi I obtained an AIP from YBS in April for their offset plus friends option mortgage. Fast forward to now and I am close to an accepted offer on a place. The EA selling are offering a 1k cash incentive for any buyer on certain properties who uses their mortgage adviser and solicitor. They are adamant that they have…
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Is a final credit check at completion?
Common place with the halifax?
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Remortgages for those in their 50s
Hi I intend to use some of my inheritance to reduce my mortgage which is currently on interest only. Once I have done this is am looking to negotiate a better deal with my current provider on a repayment basis as I will be looking at 65 - 70% LTV. However I am 57 and wonder if they will only consider giving me a mortgage…
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Tesco Mortgages: what a bunch of jokers.
I applied for a mortgage with Tesco almost two weeks ago. I put all my details in and submitted the application only to find it had been "referred". Upon calling I was told it had gone to the underwriters and that they would be in contact within 3 working days. After the period was up I called them only to find that the…
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Agreement in principle - is it enough?
I'm a first time buyer looking to buy and I have been thoroughly confused today. After looking around the MSE site I have spoken to London and Country mortgage brokers and they have sent me a decision in principle. The advice that they gave was that I could now go ahead and make an offer on a house that took my fancy. So…
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Should I switch from my Nationwide Base Rate?
Hi all, I am pretty clueless when it comes to this, so any help is much appreciated! For the past few years I have been on the Nationwide variable base rate tracker, where it is guaranteed to not be more than 2% above the bank of england interest rate. Yesterday I was all set to change to a fixed rate deal, for more…
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Query answered...thanks.
Thanks guys :)
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Remortgage whilst using overdraft facility
Hi there I am in the process of applying for a remortgage to cover some debt and home improvements as moving from a higher paid job to a lower paid job I have been constantly using my overdraft for the last few months Will this affect me at all? thanks
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Nationwide Mortgage Brokers
Hi all, First time poster here but have found the information on these forums very useful in the past :) me and my partner are FTBs and have been using Nationwide mortgage brokers for our mortgage. I wish we hadn't, normally i would have dealt with it myself but my partner was due to give birth. And as such i didnt want…
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Mortgage rate of 6.2% - Halifax
Hi All, lookign for some advice if possible. Im on a fixed 6.2% rate which is due to expire on 1/12/14, and will revert to Halifax SVR (currently 3.99%). Circumstances have changed where my partner is now not working, so can look after our baby daughter. Im looking to reduce the high interest mortgage which im curently on.…
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Help! My buy-to-let portfolio is being repossessed!!
I have an average size portfolio of 10-15 properties, have been in positive cash flow for a while now but have had problems with tenants/council tax etc. and so have missed a few payments. Need help with dealing/negotiating with banks as they are a fortnight away from appointing LPA receivers! Can anyone help??!! What are…
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Anyone help on Lift Scotland scheme
Hi I am going round in circles here - i am looking to sell my property which I bought in 2007 with the Lift Scheme through the Scottish government. Obviously the housing market then crashed not long after I moved in. I am getting valuations done on my flat by three estate agents at the moment. I am not sure where I stand…
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Housing Association recommended Mortgage Brokers
I have an offer of a flat through a housing association. It provided me a mortgage broker and a conveyancing solicitor. I am not so sure if I should go for them as this website recommend not to take any solicitors and brokers from estate agents. I know housing association are not estate agents. To some extent, they…
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Share the pain - BEWARE new rules
im willing to share my frustration ; here is the story ; i want to refurbish my kitchen so need about £30k, to fund this i decided to relaese some equity from an unincumbered holiday home that is worth about £180k - this is NOT a holiday let type thing - its our summer weekend by the sea place. Our financial advisor ( form…
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General Advice?
Hi All, Here's our scenario.. Partner has a 21k gross annual income and excellent credit rating and I have a 27k gross annual income and awful credit rating. Partner already has a mortgage, property value around 90k and current mortgage is 45k. Not currently a buy to let mortgage but do have a tenant in there. We have 5k…
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Natwest dip referred
Through my mortgage broker she has advised me to remortgage with debt con through natwest they have referred to underwriters at dip stage is this usual? Many thanks
