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couple of questions on how things work
Hi there I would be grateful if someone could answer a couple of questions I have. I have £7500 deposit and earn £21500 (take home pay around £1,350 per month). I have had some defaults back in 2011 which were all cleared between 2011-2013 with the exception of 3 - as these did not show on the Noddle report I had. Recently…
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Santander and Valuations
I have just been accepted for a new mortgage. I was a bit surprised to be told they would charge me £330 for a valuation but paid the fee and now have found out that they didn't actually commision a valuation but have merely taken the valuation from the vendors home report (Scotland). Can they do this and have I any cause…
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balance transfer the overdraft or not?
I am finishing off my degree, I have a very safe job lined up, and I am arranging to buy my flat from my parents. The plan is that I would pay 75% of the market value, as the agreement when they brought the flat was that I would have half of the increase in value. I anticipate this being accepted as deposit. I also…
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Seeking a 'specialist' mortgage advisor
I understand I can't ask for specific broker recommendations but need some pointers on how to seek out a broker that can help with our specific circumstances. We would like to look at the possibility of moving but we have existing credit issues -not in IVA or DMP but make only agreed token payments to our creditors at the…
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Joint Mortgage with a non-resident?
I want to buy a house for my young family and I to live in, but, as is often the case these days, am not in a financial position where four or five times my salary is going to be sufficient, even with a reasonable deposit. My brother, on the other hand, already has a place and mentioned the other day that he has some money…
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Overpaying natwest mortgage online
Hello all, I have looked high and low a answer but can't find it. I have had a mortgage with Natwest for almost 12 mths and since the 1st payment leaving our account we have been chipping away at the balance by transferring via faster payments the odd £20 here £70 there etc and after a few days it shows up on our account.…
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Consent to Let Question
I am currently on a 5 year fix mortgage which due to end around April 2016, I'm with Natwest who said that as long as I meet criteria, fill in a form and pay £100 they will offer me a consent to let mortgage. I would like to move into my boyfriend's home whose fix finishes in 2017 and then he plans to sell, we then move…
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Go with brokers rates or try a high street bank?
Other half is a contractor, we have been in contact with a broker and he has sorted our AIP and we are just going deciding which mortgage to apply for. He has suggested .... Skipton Building society, 2 year discount. 1.75%, 4.99% after 2 year discount When I key in the house purchase price and the amount we want to borrow…
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Can I go 'interest only' for a couple of years?
Hi, Long story, but I need to re-train due to my job moving away and the hours changing to unmanageable (for childcare). It is a very bad commute and I just cannot cope with it due to hubby being at work very early and no family assistance. I have exhausted all avenues such as union assistance (for a pay off) and transfer…
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Shared ownership OR buy outright
Any advice would be great, my brain has being doing overtime! So im 40 years old, I have 40k deposit from a previous house sale ( split from X ). I was looking at shared ownership ( 1 bed flat 155k )...so I applied for it...and its gone under offer, now I have 5 days to decide if I want it or not. Now my brother is looking…
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Variable income help please
Me and my girlfriend have been playing with the mortgage calculators on various websites, But her income changes monthly as she does variable hours - we are just unsure what to enter into her income on the calculators, and would mortgage lenders be happy about this income it can vary from around £1300 - £1900 a month,…
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Mortgage advisor advice
I’m after a little advice on where to find a suitable mortgage advisor/broker in the Manchester area. To explain: I used an outfit in Macclesfield (that was recommended) to me in 2006 as I had issues with proof of income at the time. They arranged a deal with London Mortgage and things have been fine since. I’m now in a…
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What type of mortgage?
I have my home in Cornwall (no mortgage) but work in Hertfordshire, currently paying for a rented property but would rather own a property and live in somewhere I own. I have a 10% deposit, but what is the best way to ensure I get the mortgage and at the best rate? is it a 2nd home or ftb, could I say that I am splitting…
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In Scotland, do you need to make sure your solicitor is on lenders panel?
I dont really know what it means, but I have read of ensuring your solicitor is on the lenders panel. I am in Scotland. Hubby is a contractor and we have a mortgage broker. He is going to fire off some figures tomorrow then we will make the full mortgage application. I am sure hubby said Skipton was coming out as the…
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FTB New Build Mortgage
I am looking at buying a new build property from Persimmon homes, and having spoken to them about wanting to reserve one of the plots they have advised that in order to secure the plot, through their Helping Hand scheme, I have to use their recommended financial advisor/mortgage broker. Please see an extract from the email…
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FTB Mortgage Declined
I am at a loss as what to do. After waiting a week for HSBC to make a decision, they have finally decided to decline my application. The mortgage adviser has said it is due to my work employment. I am employed on a yearly contract basis. Does anyone know any mortgage providers who would be willing to accept this. I earn…
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Applying in next 12ish months, close credit cards or not?
Hi all. It's been a long time since I had any involvement with mortgage lenders so I wanted to ask those most knowledgeable before I do anything. I've just paid off all my debts. I now have 3 open but nil balance credit card accounts, a Barclaycard with 9k limit, a nationwide card with 4k limit and Halifax card with 2k…
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Natwest
hi i am looking to buy a new build £201000 we are getting the 20% deposit of 40200 and have a deposit of max 15000.. we have been talking to natwest and got an appointment on friday - both our salaries of combined £46000 go into the account. we have a dfs loan of 4000 and credit cards 1 at 1900 and another at 2800. i have…
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Help To Buy query
Hi all I was wondering if you could offer some advice on teh Help to buy scheme. I was wondering how easy it is to get one from a bank? I am just about to pay off all my debt (£8000) in a lump sum from an investment return and i will be left with about £25,000 - £30,000. After u pay the debt off i will be…
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Mortgage Lenders and Employment Checks
How often do mortgage lenders contact employers nowadays and when in the process of buying do they contact them? What do they ask? I'm a first time buyer and want to be really prepared
