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Selling for too much - buyer refused mortgage?
we are selling our flat and on Sunday, accepted an offer for full price of £185k. Today, a day later ive had another offer from another viewer for £190k, from a first time buyer, with a £40k deposit, so i am clearly tempted to go with this offer. I called my other agent (the £185k offer) and was told the first time buyer…
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Not sure what to do!
I'm about to buy a house (I hope!) but can't figure out what kind of mortgage to get. I'm buying in N Ireland, but currently live and work in Scotland. I'm hoping to get a job in N Ireland soon, and wanted to buy before the prices rise too much. I could get a job any time - it might be next week, or next year. I'd thought…
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retention issue please help
Hey guys I've just had the worst day ever. All thanks to the Leeds Building Society tomorrow is meant to be a proud day I'm completing the purchase of my first home for me my wife and 1year old daughter after 2 years trying to get a mortgage because of poor credit and lack of funds we are finally there or so I thought. So…
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New mortgage rules, affordability and other income
I am finally debt free after my soon-to-be-husband remortgaged to pay off my debt 1.5 years ago (there was no other way, believe me). I did have to strike some deals with creditors and so will have quite a few defaults on my account. My partner has an excellent credit score and so I wouldn't want his to be ruined by mine.…
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interest only mortgage with property as repayment vehicle
I am posting in the forum in the hope someone might have been in similar circumstances or might have industry knowledge to give some help. Our mortgage ends in 7 years but for a variety of reasons we are now struggling to make payments (no arrears.) An interest-only mortgage for a couple of years would solve our problems.…
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Valuation requested?!
Hi all, AIP received on Thursday from West Brom, submitted full application on Friday and valuation has been requested today. Would they bother requesting the valuation if they weren't actually prepared to lend us any money? Have we made it through the affordability/ finance bit or could we still be rejected on the basis…
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Can brokers help with Help To Buy/Government equity loan schemes?
Hi Just a quick question - we are about to ask our broker to submit our application for the HTB scheme and I just came across this online: "Halifax has stopped mortgage brokers offering Help to Buy loans. They're now available in branches only." Is this true? My colleague has said that they used a broker for their mortgage…
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Borrowing money for home improvements?
Hi All. Ive recently purchased my first house and I'm currently renovating it to bring it into the 21st century. The previous owner was elderly and hadn't updated the property in a number of years. Structurally the building is sound, but i do want to change a few things and clean parts up. I need UPVC doors, replace a…
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HSBC buy to let mortgages eligibility and First Direct
Hi, I've noticed that one of the requirements for getting a buy to let morgage from HSBC is to be a HSBC current account holder. Since First Direct is part of the HSBC group, having a current account with them will satisfy the requirement above? (I know I could phone HSBC, but they will keep me on the phone for hours…
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Barclays Direct
Anyone else wondering about Barlcays direct and house moving etc might benefit from this thread. I was on a tracker on ING direct which got merged into Barclays( Woolwich ). I decided to move house recently and so had to borrow more. I had 50K left of mortgage and wanted to borrow 100K more. Went into Barclays office where…
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Mortgage chances with AP markers?
I have arrangement to pay markers on one account on my credit file from a debt management plan that ended June last year. I want to look to selling my property and remortgaging next year, 2 years since the debt was settled. I will have a 60-70k deposit and an income of £50k. We want to look in the region of £220k. My…
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Remortgaging after a renovation project and a change in employment circumstances
Hi my partner and I bought a property to renovate two years ago. After difficulties with planning we were finally getting on with the project. We have a p/l and our savings to fund the work so we felt comfortable with the outlay. In June I parted company with my employer of nineteen years and with six months wages in the…
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Hard Credit Search Before Valuation?
Hi Here's my story... Halifax AIP 28/08/14 Generic Search & also a Mortgage Quotation showing on Experian on 28/08/14 Full Application processed on 02/09/14 5 Halifax Mortgage Quotations showing on Experian on 02/09/14 Valuation instructed on 04/09/14 Valuation completed on 05/09/14 Does anyone know if the 5 Mortgage…
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Self employed mortgage for 30k
Hello, I am looking for some advice about FTB mortgages. So my partner and I are both have been self employed since Nov 2013. I know there are specialist brokers that claim to be apply to get mortgages for the self employed with one years account are they reputable? Our joint income is about 12k, we have no monthly…
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when to sign the mortgage offer?
Hello all, We are buying a property and have received our mortgage offer recently. The homebuyers report turns out ok with a positive opinion from the surveyor. However the conveyancer hasn't done the checks yet (still waiting for the contract from the seller's side). Shall we wait for the checks being done then sign the…
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mortgage repayments as a percentage of take home pay
I am starting to think about applying for a mortgage in the next 6-12 months and would like some sensible MSE views on a reasonable level of borrowing. I am looking at properties between 115k-120k. At present I have a 10% deposit but hope that this will be at least 15% when I buy. I'm 35, single and earn 40k basic, about…
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When to remortage
Hi, We took a mortgage out at the start of July 2014, this was a standard variable rate with Coventry, as this is all we could get. Due to previous poor credit, all defaults removed. LTV was about 85-87% bought for 125k, since we have been in able to increase the value by 5-10k, just wondering how long we need to wait…
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First time
hello all, i need some advice. I'm buying for the first time and had my mortgage application submitted quite some time ago (tomorrow will be 11th working day since it was submitted). I spoke to the MA whom advised it is currently with the underwriters since the 4th Sept and i should hear any minute from tomorrow onward's.…
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Default on Natwest current account??
Hello, I have been lurking on this forum for three years but this is my first ever post! I'm not sure if I'm posting this in the right place.. I have found it so helpful and thought I was sorting myself out. I'm 35 and have always been a disaster with money; no savings and constantly using my overdraft. This has changed…
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Divorce - Mortgage That Takes Into Account Benefits
I am being pushed into a divorce - long story. He wants to keep paying the mortgage until my daughter is 18, then have me pay him out. I would rather he goes now!! Am on a very low wage due to having taken time off to bring up my kids (£6000 pa), but with child and working tax credit, child benefit and maintenence, total…
