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mortgage advise... limited contractor.
Hi everyone. I was just wondering if anyone could reccomend a mortgage broker for a self employed limited contractor also first time buyer,companys turnover has been approx 60k in last tax year paying sole director (myself) over 40k in wage and dividends, my credit isnt the best but i dont owe any companies money. Also the…
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Mortgage downgraded due to (in my eyes) nonsense valuation
Hi So I'm in the last stage of my mortgage application: the valuation, and the valuer has valued the house down significantly (~11%) on the sale price. This has obviously affected my mortgage, as the mortgage company are now not willing to lend me as much, and what they will lend will be at a worse LTV (and presumably…
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The right time to get an AiP?
Hi Everyone, I'm on the brink of looking into mortgage possibilities. Due to a rocky credit record I know it's not going to be straightforward for me, and it may be that I don't go down the route just yet. But I was wondering at what point is it useful to get an agreement in principle? Is this something you can do to test…
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Fretting over mortgage offers
I scored 999 on Experian this year. I have not been in my overdraft this year and have a 15 % deposit plus an additional 15 thousand if needed. I have opened a bank account in the last 3 months as I wasn't expecting to be in the market. I have a DIC through a broker but I am currently fighting to get the right paperwork…
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Remortgage while on DMP (Mortgage Prisoners?)
Hi there, I’m pretty sure I know what the answer to this is, but I still need to ask the question. We are currently 2 years into a £40k DMP and our current mortgage rate with Santander(!) is due to end in August. I have spoken to them already and they have given me their range of deals available to us. Obviously due to our…
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Tesco Mortgages
Hi Has anyone received an AIP for tesco mortgages and then declined when you go through with the mortgage or they didn't lend you as much as stated in your AIP? Thanks
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Nationwide fixed term renewal
Can anyone tell me if Nationwide will do credit checks when my current fixed deal runs out? I am up to date with my payments. Thanks all:):)
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Overpaying on Nationwide Mortgage
I know if you overpay by more than £500, then Nationwide automatically lower your payment each month, but what happens if you only overpay by say £200 each and every month? When does the monthly amount be reviewed if you are on a base rate rather than a fixed rate (when I assume the monthly amount would be reviewed at the…
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Borrowing More from Nationwide
I will be buying my brother out of the house we both live in early next year. Will the timeframe be the same as if I was borrowing off Nationwide for the first time or will it be shorter (just reading some of the delays people have been writing about on here)? It's effectively me taking on the current mortgage by myself,…
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Remortgage options with no change in situation
Hi I am looking for a remortgage deal, I am with nationwide and I need about 60% LTV. I have had no change in my financial situation, I am at the same salary I was when I took the mortgage and I have paid off a 10k personal loan I had to take to renovate the house. I have about 4k on a credit card which is a balance…
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Japanese knotweed
Hi all, we're currently remortgaging to a different lender. Had a valuation and everything was going fine. They guy that did the valuation said we'd undervalued our property... Which kind of made me feel happy it's worth more than we thought. Anyway, yesterday we got a phone call saying that natwest (our new lender) won't…
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Agency worker and mortgages
My partner and I are on the road to buying our own place, I currently work as a permanent employee where as my partner works for an agency. He has been in his current job for just over a year (no luck with being made perm by the company he works at rather than staying as agency staff, it was the plan originally but you…
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first time buyer help
Myself and partner have recently put an offer on a mortgage. we were told our income in the AIP would be 95% with the help to buy. but after our application with halifax through a mortgage broker(slater and hogg)... we were told we could only get 65% due to missed payments on my credit rating from vodafone... these however…
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Advice on first time mortgage
Hi, I have had a fairly good credit rating (paid bills on time, have used a decent amount of credit in the past etc.) and am looking to buy my first house. Currently at the AIP stage on somewhere, and am due a credit check. After a mortgage of £110,000 and have a deposit of £40,000. Salary is just under £30k. Only problem…
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Mortgage after repossession and shortfall
Hi There, I wonder if anyone help me with this query or at least direct me to someone who knows these matters. To cut a long story short due to a series of unfortunate events my wife and I had our property repossessed about 4 years ago. We lost all our equity because of the way the market was and we had a shortfall of 50K.…
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Help to buy-Mortgage Guarantee scheme doubts
Dear Experts I am a first time buyer and the prices of house in my area is at peak for the last 2 years. To buy a previously owned property of £270k, I can arrange deposit of £35k and for my salary bank can give up to £215k under normal mortgage and now I need another £20k to buy the property. I read about HTB-Mortgage…
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Mortgage advice needed (Ta!)
Hi all, Having recently had a offer accepted for a flat, we are now pushing to get the mortgage in place asap! We are quite confident we will be accepted, given that the loan amount is at the lower end of what we were quoted (in principal) for what we could borrow. We have been dealing with the post office but after…
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buy second property
Hi, We are looking to purchase a second property with the view to it being our residential property. As a result we will be renting out our original property. The gray area for me comes in the type of mortgage required for the new property. Our current property is our residential property. Will I be able to apply for a…
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Paying off morgage early
I wonder if anyone could help me. I have a morgage in 2 parts, -half interest only and -half repayment morgage. My half interest only morgage finishes in 5 years and I have a stocks and shares isa which is up to the value that I owe for the interest only part of the morgage. Am I best paying this part of my morgage now or…
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Consessionary purchase buy to let
Would it be possible to buy a property from a family member at a discounted price using the discount as a deposit (or towards the deposit) to rent the property out? It is a buy to let now with a tenant in situ. The family member needs to sell the property ASAP for financial reasons.
