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holiday buy-to-let
Am being passed from pillar to post and put on interminable hold in phonecalls to get any advice/ sense from mortgage advisors who seem ignorant of their own rules as regards holiday buy-to-let. Looking to remortgage for a better rate - any suggestions? Thanks
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Not sure what to do
I am in the process of putting my house on the market (Scotland) after having tenants in it for the past year. However, it is in a rural area and could take ages to sell. I have no mortgage on it but really need to take some of the equity out of it as I am now retired on a low income. If it doesn't sell would I be able to…
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Credit rating - Mortgage application
Hi Everyone, Ive recently put a reservation down on a new build plot, with the build date soon approaching i know they will soon get the ball rolling for my mortgage application. I am however very worried. My credit rating according to an online credit scoring agency is 400. I have had an overdraft, 2 credit cards 3…
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90% LTV on a new Build
Hi all, My wife and I are just about to sell our home, accepted and offer yesterday and are looking to get a new build in a town near us. The new build won't be done until next year so we are going to go into rented in the middle. The question I have is what (if any) mortgage providers are doing 90% LTV on new builds at…
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BTL mortage query
My new tenant had paid me 6 months rent up front. After deductions for various fees I'm left with 3k. Essentially, I'd like to pay the next 6 months mortgage payments (Sep-14 to Feb-15) now instead of paying 6 monthly instalments. The idea being my mortgage balance would reduce now and incur less interest going forward.…
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Additional Borrowing
Hello Forgive me if this has been discussed before, I am new! I have recently gone through an application for additional borrowing on my Natwest mortgage. The underwriters have contacted me to say all was in order pending the valuation. Reason for needing a new valuation is the value they have on record is 4 years old. In…
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Mortgage decreasing term assurance with critical illness
Hi, When I got a mortgage I had a joint life policy (Mortgage decreasing term assurance with critical illness ) with my husband. Then in 2007 we were advised in my bank also who I have the mortgage with, that my husband and I would benefit from having two separate policies. I have been sorting my paperwork and realised…
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Is this possible?
Il explain the situation and hopefully some one here can help! My mother kindly lent myself and my partner a large sum of money to purchase a house as we both didn't have the best credit ratings. This money was given as a gift and she didn't want it returned but after some family issues we want to give the money back. The…
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Santander/NP morgage help
I have a relatively small mortgage with Santander although it was originally taken out with National and Provincial. Its for £14,500 repayment and it is coming to the end of its term, there are a small amount of arrears due to some health issues over the last couple of years. The yearly statement had a closing balance of…
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Mortgage application with statute barred debt
Hi I'm planning to apply for a mortgage with my wife in the next couple of months but she has had problems with debt in the past (defaulted in 2006). Her credit rating these days is excellent but we're both concerned that her previous mistakes could come back to haunt us. If we apply for a mortgage I assume we'll be asked…
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Unemployment cover whilst on probation
I completed a house purchase last month and I am now moved in. At the time I was thinking about getting unemployment cover, but I did not think it was worthwhile because my job is relatively secure. I was offered another job today. Would I still be entitled to unemployment cover if I accepted the job and started a…
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Question for the Brokers
Hi At present I'm in the process of remortgaging my sole residence and also buying 2 buy to let's. I've told my broker (a family friend) that the remortgage needs to be processed first, once that's under way then process the buy to let's. Problem I have now is the broker has processed the buy to let first by mistake and…
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Does dipping into my overdraft once a month hurt?
We're currently saving a deposit, and as part of that we're trying to clean up our finances (Debt free after 10 years, yay!) and make ourselves as attractive as possible. At the minute I get paid on around 25th of each month, which is the same day as my rent goes out. The end result is that some months there is a day where…
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Credit Check before Applying?
OK, so I'm looking for a mortgage with my wife. I've read the 'boost mortgage chances' page on mse, which suggests to do a credit check and fix any issues that can be fixed before applying. But it also says that every credit check counts against you. So is it *really* worth doing this, if you've no reason to suspect a…
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mortgage overpayment - term reduction vs monthly payment
hi just want to clear my understanding on effect of overpayments on mortgage, if some knowledgable members can help. i am currently in year 3 of a 5 year fix with post office (bank of ireland) PO dont allow reduction in mortgage term with overpayment. instead the monthly outgoings are reduced. my understanding is that…
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Mortgage - 3rd Application - Will this affect credit check?
Hello! I'm about to make my 3rd mortgage application with the same lender. The first 2 sales fell through due to structural problems and one vendor pulled out. We've found a new property and we've been told that we need to do the credit check again as it's been done a month ago. Therefore, this will be the 3rd check in 2…
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Proof of Deposit - Santander
My husband and I are selling our city centre flat and buying a cottage. Our offer on the cottage has been accepted, the sold sign has gone up and we are waiting on the mortgage offer from Santander. The vendors are not part of a chain and are keen to exchange asap. However, we have been advised by our IFA that Santander…
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mortgage advisors how to choose
Hi all, Am looking to raise a small mortgage. What's the best way to choose a mortgage broker. I'm new to area, so can't get a recommendation, and don't just want to randomly pick one out of then phone book or off the internet. Thanks Olias
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Land splitting and Capital Gains Tax
Hi all. I'll keep this as concise as possible. Would love some opinions or information... We have a very big garden and plan to apply for planning on it. Current lender (CoOp - Britannia) will not sign a form consenting to the application because our LTV is not very high. That's fine, I (sort of) understand. We are due to…
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Overseas mortgage
Does anyone know where you can get a mortgage to buy an overseas property that will lend more than 75% of the property value?
