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Interest rate increases
Hi, I have a mortgage with Accord mortgages and have just received a letter regarding the possible increases to the interest rates. The problem I have is I never had my interest rates reduced during the past five years, can they still increase the rate? The interest rate is 5.99% and I am scared I may not be able the make…
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Help to buy loan equity scheme question
First time buyer and was hoping someone could break down the Help to buy equity loan scheme. I have been looking a flats with my parent but thought whilst the offer is there would it be best to use this to buy a house which is our aim. We have to move out of parents home in a bout 6 months which means we can have a deposit…
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BTL to myself – crazy idea? Or there are better solutions?
Background: I’m living and working in Cambridge at the moment and wouldlike to buy a house for living in. I’m in my early 30’s and earn about 28k andmy partner is about the same age and early more or less the same. We would liketo get married and have kids I have around £30k (+ around 12K in shares) in cash and my partner…
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Can I still get a mortgage with credit card debt?
I have around 6k of credit card debt. Never missed a payment and always pay more than the minimum. I hope to have paid of 1.2k by the time we apply for a mortgage. I earn 16k a year and my husband earns about 40k a year. He has no debts. I'm really worried we'll be declined a mortgage because of my debt. Can anyone give me…
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First time buyer
Hi i am just after some advice. Me and my partner are looking at the help to buy scheme on a house costing 210,000 with a 5% deposit. I earn 20,500 and he earns 19,000 per annum. He has a credit score of 999 but has no credit history. I have had a really bad credit rating with 4 late payments and a ccj which i did not know…
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Halifax overpayments
Hi does anyone know how I pay the sub accounts directly, on Halifax overpayments. It says you put the sub account in the reference but not sure how or where. I normaly put the full acc ref
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ERC When Switching deals with Nationwide
Hi, Does anyone know if Nationwide apply ERCs when taking advantage of their switch due to deal ending offers? I currently have a fix with them until 1 March. I applied online for their switch deal ending and was given the option of it starting from 1 Jan (which I was not expecting but I selected as the interest rate is…
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Help - 3 weeks and counting waiting for Nationwide Decision in Principle
Hi, This is my first ever post on MSE but I've always found advice offered to others' posts very useful and am hoping someone might be able to share some wisdom with me on my situation. My partner and I are Nationwide mortgage customers, having bought our first property with them in July 2013 on a 4 year fixed…
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Mortgage interest rates for immigrant
Hi, I am currently on a work visa and will be eligible for settlement in UK in 3 years. So far I have been using shared accommodation but want to move into a separate flat. I realize that if I stay in a one bed flat I have to shell out close to £750 (£500 rent, £250 for council tax and bills). Now, if I buy a flat, say…
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HELP mortgage problem
Hi there I have just called my mortgage advisor, we are applying for a mortgage wit Virgin Money and been accepted in principle, however they are looking for proof of address for hubby for 2011 and 2012, the problem being i only registered him on electoral role 2013 (stupidly didnt realise how important this was!!) All…
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Is there any hope?
I thought bankruptcy was gonna hit my door soon. I had earlier consolidated my debts in Butler mortgage at Toronto. But now I have got out of the debt. Presently, I have a total of 4 defaults . My present credit score is 510. I am now looking to go for a mortgage of $45000 and I have 10% ($4500). Is there any possibility…
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Buying house from the in laws.
Hello, My in laws have emigrated a few years ago and my husband and I have been living the their old house for 2years paying rent. They have offered to sell us the house at half of the value. As a approx guess it is valued at 140000 they will only ask us for 70,000. My question is, how does this effect mortgages and…
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Buying land with an ongoing mortgage?
Hello. I have searched the forums till I'm blue in the face! I'm sorry if I've posted in the wrong category. Basically I know of a plot of land coming up for sale in the next few months with it possibly being sold with planning permission for a log cabin. My question is.....I currently own a house with a mortgage through…
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Mortgage advice required
hello I'm a first time buyer, I put an offer on a flat for 113,500 which has been accepted. I need to borrow 90% LTV or 102,150. I take home £2500 a month after pension, student loan and taxes. I'll probably spend a max of £250 on bills, service charge + rent is £120, £120 on food, £100 on travel, £300 on leisure / gifts /…
