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5 year mortgage?
Hello Just wondering if someone could advise me on whether this possible scenario is doable! Due to some silly mistakes my husband and I have a fair bit of unsecured debts (cars, credit cards and a loan) which roughly totals £38900 L (no defaults and we do not struggle to pay – just have no free money) We have owned a…
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Anyone heard of CASTLE TRUST equity release
Hi All, These guys are relatively new to the industry and are offering an alternative way of releasing equity. They are offering upto 20% property value in equity. Upon selling the property, any growth in property value since the day the arrangement was made, is shared 40/60 (homeowner bias) There are no other repayments…
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Any got a mortgage with West Bromwich?
Hi all, Mortgage advisor just sent through an illustration for a Mortgage with West Bromwich, all looks reasonable, good rate etc. I'm just wondering if anyone has had any dealings with West Brom? Anything I should know about before proceeding? Pitfalls that I need to look out for? Any advice would be most appreciated.
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Decent deposit
What is a decent percentage to put down when buying your first house ? I think 5% is the minimum. But what is the decent / comfortable percentage to put down ?
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Buy To Let Mortgage; joint or not?
Just after a bit of advice from anyone in the know; situation is that I own a flat with a 60% mortgage. My partner and I own a house where we live jointly with a 80% mortgage. We're looking to change the flat from my name to both ours and BTL it for a few years. Interest only. Is there anything I should be aware of tax…
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Broker Fees
Just wondering what the average fees are. Just had a broker leave my house, I thought his fees were very high. I have one house I rent (no mortgage) I want raise 95k on this and then buy 2 buy to lets for 115k each (30k deposit on each) His fees £995 for 95k mortgage £500 for each buy to let £1995 in total My usual broker…
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Joint Mortgage
I have had a default recently removed from my credit file. I have registered to be on the electoral roll but it hasn't showed up on my credit file. My credit score is low. I have credit build cashplus account and Captial One card. My girlfriend has got a good credit score and we are both work and our baby is due in…
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How long for a DIP?
Seeing our broker tomorrow and applying to kensington for a DIP. Just wondered how long a decision takes? Do they do a credit search to see if you meet the basic criteria? TIA
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Transfer of equity question
Hi all, Need some help on a quite complex set up on mortgages, house ownership, transfer of equity etc. Bear with me while I explain... I currently co-own a house, along with my wife and mum, which is currently mortgaged. The reason that my mum is a co-owner is not for income reasons. We used a Let to buy mortgage on her…
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Becoming a Mortgage Advisor
Hi, I've seen a few threads on here but they don't seem to answer my queries. I've got experience in customer service, knowledge about pensions, protection products and investments and I've also completed a degree in business studies which included financial management and personal financial planning. I've been out of Uni…
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Mortgage application help
Hi everyone, I was wondering if we could get some advice if possible. My and my girlfriend are going through quite a stressful period of time at the moment trying to get a successful mortgage application, we keep getting rejected because of history on my girlfriends credit history, what happened was 4 years ago she got a…
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Polishing credit file in preparation for mortgage
I anticipate buying a house in about a year's time (FTB), and was reading through the MSE mortgage guide, specifically about what lenders want to see on a credit file. Both myself and my wife have good credit history, as good as it could be for 22 year olds, both had credit cards and paid off in full every month since we…
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Mortgage/underpinning - urgent advice
Hi all, Need some urgent advice. We have our mortgage offer through from Woolwich already. Our searches have revealed that as part of a new extension being put in, there was underpinning of the existing building (not shown up on valuation). We are waiting to hear back if the current buildings insurer was made aware of the…
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Proof of Address for old residence
Hi All, Our lender has requested proof of address for an old residence we moved out of 9 month ago. This wasn't a problem for myself as I have numerous bills, but my partner is having problems obtaining proof. She is not on any bills and her bank is refusing to issue a proof of address, referring us to printed statements…
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Becoming a student whilst already having a mortgage?
I have been approved a mortgage in principle by Natwest, but I have plans to study again in the next few years. Does anyone know how this would affect my mortgage? I am not looking for a student mortgage now, and that is all I can find at the moment. I am in employment now, but I want to know what might happen to my…
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Online mortgage application?
Hello there, My partner and I have just had an offer accepted on a house. The seller wants a quick sale and we get the impression that he would pull out if we weren't fast enough (a cash buyer is hovering around). We have a mortgage agreed in principle but have now run into a problem. The bank we have chosen does not have…
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Help to Buy Mortgage - Wales
Hey guys, So I'm looking at buying a house using the Help to Buy Scheme as it seems like a good option, my goal would be to pay the 20% back over the next 5 years. I am looking of buying a house up to the value of £175,000. Deposit would be £8,750 (5%) Government Loan would be £35,000 (20%) Mortgage would be £131,250. My…
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Decisions on remortgage - opinions seeked
Coming up to end of term on current mortgage, looking at getting a 5 year fixed rate with either HSBC or Nationwide (current provider). Not sure whether i should extend the length of the mortgage back out to 25 years (a saving of £200 on current mortgage) but then overpaying the savings each month, or sticking with my 15…
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Complaint with Halifax Bank, Mortgage & TTMP (St Andrews Insurance)
Hi I have been with Halifax Bank since 2005 & have a few accounts with them: 1. Halifax Reward Account - changed to a Control Account. 2. ISA - was saving but now £0 balance. 3. Home & Contents Insurance - recently changed to OneCall due to premium cost. 4. Repayment Mortgage, £59k over 35yrs, first time Mortgage, my name…
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Halifax DIP but as have some previous settled payday loans
Hi Guys This is my first time posting. I have read lots of messages on the forums and found them really informative. I have recently applied for a DIP with Halifax and was successful however upon sending my mortgage adviser a copy of my experian report she has cam back to me saying that as there are 4 payday-loans visible,…
