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Credit cards and mortgage application
To be safe is it best not to use credit cards at all during the application process and until completion, is that what people would recommend? I suppose if I pre-pay my credit card that would be ok (we get lots of useful points for using it)?
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Adverse credit mortgage broker
Hi there, I was just wondering if there are any brokers specialising in adverse credit who tend to be considered the best in that field? Any recommendations? Or are the national leading brokers (e.g. L&C) just as helpful with these types. Many thanks
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FTB finally done it
So after a lot of deliberation over the past few years we have finally done it and found a house, had offer accepted and started ball rolling. We think we should be in a good position, 65k joint annual income, after a mortgage of 140k on property at 160k. One dependent, financial commitments of 343 pm which will continue…
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How to mortgage a property while still being able to develop it.
Hi Hopefully someone can give me some guidance. I have spoken to a few lawyers, a financial advisor and an architect and I am still to find a solution. Around 8 months ago I inherited a property and now live in it, everything is in one title and is fully in my name. It is a largish garden of around 3 acres and comprises…
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Virgin Money Approval Solicitor - FTB
Hi, I have read a copy on post on there that mentioned using solicitors approved by your lender. I am a FTB with AIP from Virgin Money and I already have a solicitor lined up. Please does Virgin media request for their approved solicitors to be used? If so where can I find that list? Thank you
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Buy to Let mortgage process
So part two of my question tonight (part one was about nationwide being painfully slow on my buyers part)......is the process for a buy to let mortgage slower/more convoluted? What's the general feeling about time from application to valuation? I'm starting to wonder whether we need to be pushing our buyer harder to hassle…
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Mortgage Advice needed please!!
Hi I have just sold my house and am applying for a mortage with my partner who is a first time buyer. My credit score is great, never have any faults or anything however my partner has had a few finiancial issues that Im worried will affect us. His credit score is now called as 'fair' on experian, he has three unsettled…
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How much deposit should I put down
Hi all, Im just after a bit of advice. I am in the process of buying a property for £160,000, I am able to put down a deposit of £90,000 and have kept £20,000 in reserve for other spending, emergencies etc. My question is is £90,000 too much, would I be better off putting down a smaller deposit and investing the money…
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Who or rather what am I?
I'm a 55 yo mortgage-free owner of my home which is valued at about £80k. I want to borrow £50k against my house to buy another house.(will then be a 'cash-buyer' of new house) I'm not a first-time buyer am I? Am I re-mortgaging? Definitely not buying to let as I intend to do new house up and move in to it, then do current…
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Nationwide - 2 months and counting for a DIP!
Be careful about relying on Nationwide – even if you think you’re a shoe-in. Granted having a BTL mortgage makes our position slightly complicated but we can easily afford what we’re applying for. We just wanted a DIP for a purchase in progress, but we’re up to 2 months now – despite calling them every day last week. It’s…
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Melton Mowbray BS mortgage?
Does anyone have any experience of using Melton Mowbray BS for a mortgage? Thank you
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Nationwide- painfully slow!
Hi all, My buyer is applying for morgage through nationwide. Her application has been in for four weeks over which time they've asked for extra documents. We're led to believe now that the underwriters have all they need and once they've reviewed they will instruct the valuation. The last documents went in last Friday so I…
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FTB - Virgin Money
Hi all, I am a first time buyer and would like some advice please. So I approached a Mortgage Adviser because I was worried about my default 4 years ago. However he was able to get me an AIP with Virgin Money 04/03/15 My offer on a property got accept on Tuesday 11/03/15. I instructed a solicitor 12/03/15. Got a call today…
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First time buyer - Help Please
Hi all, I am a first time buyer and would like some advice please. So I approached a Mortgage Adviser because I was worried about my default 4 years ago. However he was able to get me an AIP with Virgin Money 04/03/15 My offer on a property got accept on Tuesday 11/03/15. I instructed a solicitor 12/03/15. Got a call today…
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Halifax reducing my offer
hi, 2 weeks before my offer expiers from the halifax, i had to change lawyers, advised halifax who said they would re issue paperwork. had to chase them, now being told that that have reduced my mortgage offer bay £10000, they cant tell me why!! how can they do this? dont understand why i we re scored when they were just…
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Will they let me pay the mortgage
Hi all, Im in a bit of a confusing situation so Ill try keep it as basic as possible. Roughly 9 months ago my mum's partner left - telling me that I could now pay the mortgage on the house that we all lived in. The bank haven't been informed of the split as we worried that they would try to take the house when they found…
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Forces Help to Buy (FHTB) and The Goverment Help to Buy Equity Scheme
Apologies I didn't know which board I should post in either here or mortgages but I felt you guys over here would know more about this and maybe have some experience. Does anyone know if you can use the Forces Help to Buy Scheme with the Government Help to Buy equity Scheme? I have found some places that say yes you can…
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Mortgage to buy out beneficiaries
Hi, Please could someone give me some advice? I am Executor and one of four beneficiaries of an estate with several properties. One beneficiary wishes to keep one of the properties but it is worth more than their share of the estate. It is a buy to let with flats worth £130k, beneficiary wants to borrow about £40k to pay…
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Lease for Garage missing
I am in the process of selling my leasehold flat and garage. I have owned this property for 12 years and never had any issues with mortgage/ remortgage etc. It has come to light at the 11th hour, that the garage is not the lease and there is no documentation anywhere with any bank/ solicitor. Trying to find out how…
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mortgae application l, electoral roll & mortgage application
we have moved in with family and just had an offer accepted on property to move into June time. We are due to go see about the mortgage tomorrow, but as we only moved into family's a few days ago, our names will not as yet be updated and we won't actually be on the electoral role. What happens in these circumstances as…
