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Mortgage valuation lower than agreed sale price - FTB
Hi, I am hoping someone can help me... I am a first time buyer and have found my dream home. The asking price was £159950 however a sale price of £155k was agreed. I have a £55k deposit so I was looking to lend £100k. I have been limited to certain lenders because of some adverse credit from 5 years ago. The valuation has…
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Needing to return from overseas, what options are there?
This is not for me, but for some friends/neighbours. They have moved out to Spain, been there 12 years, now in their mid-70's and wish to come back to the UK. Problem: Property in Spain has not appreciated, property where they came from has. They came from the Edmonton/Tottenham/Enfield part of London, and have children in…
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GRR! Nationwide never recorded docs on my account
Third week Jan, I had a remortgage appointment over the phone with Nationwide. As I was reducing my term from 20 years to 16, they needed my recent payslip along with the last month's bank transactions. I sent both in the prepaid envelope which they send me a few days later. I received the originals back in the post around…
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Conveyancing solicitor
Hi , Due to bad experience with recent solicitor , i am looking to change the solicitor, Can anybody please advice any good conveyancing solicitor. Please Thanks
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Buy to let
My wife and I have a joint income of about £47k per year and are both 36. We have 14 years left on a repayment mortgage, still owing about £95k. Our house is worth about £130k. We are looking at getting a buy to let (you can still get 3 bed semis in the area we live for about £75k). My question is, do you think a bank…
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Requirements when applying for a Mortgage
Hi All, New to the forum however have viewed it for years. Thought I'd start a thread on what is required when applying for a mortgage as I don't think I've ever seen a particular thread for this and more specifically info regarding bank statement requirements. Lenders will tell you what you need on their website such as…
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Chances of getting a good mortgage
Hi all, First of all, I'll explain my situation. Me and my wife have been married a little over 6 weeks, and with a bit of money gifted to us as a wedding present, as well as a further £700/800 a month my wife and I are saving, we are hoping to be in the position to buy a house towards the end of this year. We are looking…
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Barclays/Woolwich mortgage calculator
I have used the Barclays (Woolwich) Mortgage calculator to guage an idea of potential lending. The figure is more than I expected after MMR. Does anyone know how accurate this is please? How reliable is the likelyhood of this figure being approved? Will the full value of credit cards/loans all be deducted? Thank you for…
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How to find a good broker
...and what should I expect to pay one? I know there are a few brokers on here so hoping for a bit of advice for a beginner! I've gone direct to lender with my previous two properties but back then I had a good deposit and a spotless credit history. This time round I still have the good deposit but the credit score is not…
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Sub prime mortgage advice please
Hi there, I was wondering if anyone could help and give me some advice please. My husband and I had a bit of a bad credit history. Several defaults, pay day loans and a secured loan. I know we were very stupid and spent the last two years paying everything off and getting clean again. The way we stand today is that all our…
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Can I apply for other mortgage application?
Hi All I post this in another thread but as no reply I posted again hope any one help please. I'm a 1st time buyer and my partner doesn't work & not involved in application. Last year I bought a new off plan house which will be completed next April, at that time I didn't have ILR & I paid 10% of house price and I got 80%…
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Overpaying impact on monthly payments
I own my first house which I bought with a long term partner who then proceeded to fall to bits with the responsibility of home ownership and general grown up life. As a result I bought him out and now have quite a large, although manageable, mortgage with about 5 years of a seven year fix left to run. I am now in a…
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My story - company director / mortgage
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Mortgage/Investment advice for a 22 y/o finance graduate.
So I have £30k and want to buy a house costing roughly £200k. £20k would be used as a deposit and the rest would be used to pay for the broker, arrangement fees, stamp duty etc. as well as some repairs if anything is left over. I might be thinking unrealistic here, at least for the first two years of me working, but I'd…
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Mortgage valuation
I'm a FTB and santander have instructed a valuation on the property that we have had our offer accepted on. Can anyone tell me what this means? The property needs some work doing to it like new bathroom kitchen etc. Will they take this into consideration when they value it or will they literally be looking to see if the…
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Help getting a Mortgage
Can anyone help my wife is a carer for adults with learning disabilities who live in our rented house and because of this we had to sell our smaller house but we have now found a house to buy, but can't get a mortgage as she is given an allowance not a wage even though it is through our local council and I work full time…
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Yorkshire BS, can borrow a lot less than others?
I have run through various online calculators and YBS have what could be a good offer running for us at the moment, 5 year fixed, 2.24%. Looking to sell our house at 165k and buy at no more than 225k. Looking for approx. 110k mortgage. I have checked their online calculator and it seems that although they will take into…
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Mortgage Advice
This time nearly 3 years ago I was a first time buyer, I'm now thinking of switching my deal (mid deal) as I *think* it may be beneficial. However, being the first time I've had to even look at this kind of thing as I've only been a first time buyer before, I'm unsure on a few things and would appreciate any advice. I…
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Home Insurance
Due to renew our mortgage April after 5 year fix we had the insurance which was £50 extra a month. Need advise on how to look for good home insurance that's not so much really need to cut cost. Obviously the less expensive is not always the best. I think when we took out the mortgagee we had to have the home insurance…
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Should I raise a mortgage to help elderly parents?
Hi, Just wonder if you could give me some wisdom about my predicament. I have elderly parents in their early 70's. They have outstanding debts and currently live in a retirement complex. They own their own home but can't afford to pay the annual maintenance fee as well as the management fee which is why they are selling.…
