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Advice needed for first time buyer
I have been renting for a long time and last year we had to move to a house to be near DD new seconary school. The house was originally on the market however it was a friend of a friedn agreement and as we were struggleing to find somewhere else they agreed a lonh term let. Yesterday we signed another tenancy agreement…
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payday loans
I have payday loans on my credit report that were paid on time, and have a good credit report will that affect my chances of getting a mortgage or will it have a positive effect?
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Mortgage affordability woes
Hi, I have a mortgage (alone) with Santander with £65000 left to repay. Original amount was £70k in 2010, property value was £77k in 2010, now roughly £85k after substantial improvements. Currently on Santander's SVR, 4.74% repaying £362 a month. Want to reduce this somewhat. Searched Google, YBS came out top (of the…
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Getting a mortgage after an IVA
My girlfriend and I are in the process of saving a deposit for a house, but I have previously been in an IVA which is now completed and dropped off my credit profile just over 2 years ago. Is the fact that I was in an IVA going to affect our chances of getting a mortgage with a decent interest rate? Or will it not be an…
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Post Office online AIP query.
I am in the process of doing this online and have got down to the part which asks for monthly outgoing. There is only one box to fill in under the column for applicant 1. However both app 1 and app 2 have monthly outgoings. Shall I total both figures and put the total in box 1 or is there a problem with the screen?
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help needed on a sunday
on the 2nd june i sold my house at auction completion date is 18/08/14 i have now moved into rented house but now i have found somewere i want to buy can i now buy with the mortgage i still have untill 18/08/14 completion date or do i have to reaply for a new mortgage??
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Fixed Rate Mortgage vs Offset Mortgage - Am I missing something?
Hi, We have recently been looking at fixed rate mortgages vs offset mortgages. Assuming a fixed rate mortgage over 5 years for 4.5% vs an offset mortgage over the same term for 4.25%, if both products have the same fee and if for example we are able to save £1000 a month on top of our mortgage payments, is the trade off…
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Credit card query
I often read about people wanting to have the right amount of debt/limit balance. I was curious that if I have a credit card with a very large limit but I'm only using 15% is this a concern to lenders as I might max it out? Will lenders take into account I wanted a BT card applied, got a limit I didn't need hence only…
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when to speak to mortgage advisor
Me and my partner want to get a mortgage together. I have an excellent credit score but when he checked his in January his was poor. He has had a car on finance since November which he has paid on time and has not missed any payments and he also has a credit card which he uses every month and pays off. His debts were paid…
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Mortgage porting for dummies
Hi everyone its my first post and i need a bit of an explanation of mortgage porting. I'll give some non specific details first. I currently have 2 years left on a 25 mortgage with the co-op we are on a really good rate till the end of the mortgage. We are looking to move and take the mortgage with us i know is called…
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Mum want me to have 1/3 of house in exchange for loan. Can she do this.
Hi, My mum has asked me to loan her 20k. She says in exchange she will put me on the deeds of her property (father passed away). I have 2 other brothers whom she would make aware of the arrangement. When she passes on I would sell the property take my 10k back and divide the remainder equally with my other brothers. I…
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Advice on motgage help
Hi my partner has just gone through a divorce and when her son reaches 18 in November the ex husband will be taking his name off the mortgage and this will mean her losing the house as she is on benefits (due to accident at work) even though the ex husband hasnt paid the mortgage for last 8 years. She is with alliance and…
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Voluntary Child Maintenance Payments
Hi Guys I am in the process of looking for a property and have heard various different things from different people about voluntary child maintenance payments. Some people have said because we have agreed a price and no enforcement has been made, I don't need to declare this to the bank/mortgage company. Is this true? I…
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Adding Name to Mortgage Agreement
Hello all, I currently contribute (monthly) to my parents' mortgage on their house. Would I have any benefit on putting my name on their mortgage deed/agreement ? e.g. Could it help me obtain a mortgage for myself at some point in the future ? Could it also therefore help my credit rating ? Please let me know your…
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stuck between a rock and a hard place
I rented out my flat without realising all the implications... Now I find I can't put things right, I have a residential mortgage and have been refused consent to let. I have also been refused a buy to let mortgage for the following reasons: - my income is under 25,000 - this is my only property - my lease is under 70…
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Tenanats in Common or Joint Tenants?
Good morning one & all. A question about how I should appear on the deeds if I intend to remortgage a portion of the property. We understand the implications of each ownership, but this query relates purely to possible remortgaging. I am about to give my father a sum of money so he can free up some money for his retirement…
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Halifax mortgage turnaround
Hi everyone, We have now submitted everything to our broker for a Halifax mortgage. We are FTB and using the HTB scheme. My partner is self employed and so we had to wait for a form to arrive from HMRC, all sorted now though :-) I expect that our application will be keyed tomorrow (Monday) and all supporting documents will…
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Advice please
Hi Newbie here I hope I'm posting in the correct forum and apologies if I am not. My partner and I have been renting now for around 4 years and in honesty I'm fed up of lining someone else's pockets ! It's costing me 1k a month just on rent. We do have some savings and want to look at buying a place ASAP. Many people say…
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Affordability Self Employed
Hi Trying to remortgage but the affordability rule is causing me a few problems. At present I've come out of a 5 yr fix with Santander (4.99 £788pcm) and am now on their variable (4.7 £760). I'm self employed with my last 3 years accounts being 39k, 24k, 16k, but as most lenders take into account 3 years the £140k I need…
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Chance of getting a mortgage off mainstream lender?
Hi All, I had a house repossessed over 6 years ago, paid the shortfall as soon as I could, and am looking to buy again. I have about 20% deposit for a new home. So, does anyone know if the mainstream lenders will help me or will they say no. Credit file is a bit thin but all in order fully paid up to date. Any…
