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Remortgage and maternity leave
Hi, We're looking to re-mortgage our house in August, but I'm also due to start maternity leave at the same time! We're in a good position financial and have no worries about being able to afford the repayments. I'll get 13 weeks full pay, and then statutory until 39 weeks, plus £9k in savings which will be more than…
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Who's classed as First Time Buyers?
Approximately 10 years ago after selling a property with an abusive ex I was told I was classed as a First Time Buyer again by my main Bank at the time, as I had no other property. I now have a new partner and daughter. My partner and I both have had mortgages in the past and are now currently renting and have been for 8…
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bridging mortgage
Hi guys currently I own a house outright. But I want to buy a new house for living in. someone asked me to look at bridging mortgage. How does this work? Is it a good idea
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Mortgage Advice Needed
Hello, I have a flat with £160,000 outstanding on the mortgage. It has bee valued at £240,000 I currently rent this out for £975 a month I am currently on Bank of Ireland First Start Mortgage with SVR of 4.5 and paying £850.00 a month Are there any mortgage lenders out there who will allow me to re-mortage this to a better…
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Mortgage - Joining new company
Hi all. I am new to the forum and would really appreciate any advice on the following: For the past few months, I have been freelancing as a software developer since being made redundant over 9 months ago. Things have been tough to say the least, but over the past 5 months I have been pulling in some money from some…
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Mortgage application with existing loan advice please
Hi In September last year I took out a personal loan over 5 years. I have been advised by a Mortgage Adviser that I could get a Mortgage with them if I had a 15% mortgage deposit. Basically they said my rating wa B which means good to them but that I would need to be A which was Excellent. In order for them to be able to…
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tesco offer £202k halifax offer £144k??
Using online calculators halifax offer £144k when saying about wife and kids but post office and tesco offer £200+? Is this correct and would this be in the region of what they would lrealisticlly offer?
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Could I get a Mortgage?
Hi, I did post this in another thread which maybe wasn't as relevant as this thread to my question/concerns..... My situation: 1. I have a fairly decent chunk of savings (£50k) which would be used as a deposit. 2. I am considering purchasing a New Build to take advantage of the 20% government loan towards a deposit. This…
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Skipton DIP - is it generally reliable?
Hello Just inquiring to see folks experience with Skipton. Got pass on DIP without any referral. Trouble is I'm a terrible worrier. Broker seems happy enough. So are Skipton generally fine once you get the DIP or one of the more fussy set of underwriters? Thanks
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Endowment policy mis - sold
Hello does anyone out there know if I took out an endowment in 1983 and cashed in in 2008 it is too late to claim ppi the policy is now cashed in but wasn't told when I took out a loan on it the interest I would pay, they stopped the loans due to this I think , I cashed in the policy in 2008 due to my husband death…
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Some broker love
I've just been given the great news that my mortgage application was successful and the written offer is in the post. What's so special about this? I've spent 3 years on a Debt management plan, completed this January 2014. I've got 8 defaults on my file dating 2010-2011 settled or part settled Jan 2014. Arrangement to pay…
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100% Cash - how do I plan my mortgage/finances
Hi, I'm looking to buy my first property. I'm in the foruntate scenario whereby I can afford to buy the property outright with cash (and I still would have sufficient in reserve for rainy day scenarios like a car break down, property maintenance, etc and also to maintain a balanced lifestyle). However, I don't feel that…
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Sell house advise
Hi I am selling my house for personal reasons. But I just renewed my morgage with halifax for 3 years and I still have 20 years left on my morgage I got a valuation when I changed to halifax but I am wondering how do I work out if I get the price the house is valued at will it cover my morgage when you taking into account…
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Undervalued!!!
Hey, We're in the process of buying our first house. We've had an offer accepted of £155k and we're putting down a 10% deposit. We had a valuation and home buyers survey carried out yesterday and I've just had a conversation with the surveyor who's valued it at £150k major reasons is it needs some Damp proofing and there's…
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Right to Buy for all Housing Association tenants - Advice needed
As the Conservatives have just got in we will now have the right buy our HA home as promised in their manifesto. We realise it may take them two years or so to get the housing bill in place etc that they need to push this through. In the meantime what do we need to do to be ready to apply for a mortgage? We have an…
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Delaying tactics for mortgage
Hi, We are applying for a mortgage with our existing mortgage provider, what a nightmare and is continuing. You would think that a 30% ltv would be quite easy to get, but no. We have always paid every month over the last 10 years never defaulted, great credit rating. Originally the application was a telephone call with…
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Remortgage to Buy to let and get a self-build mortgage, any thoughts?
In 2008 my partner and i got a Birmingham Midshires self cert mortgage. We were both self employed we borrowed £63000 on a joint income of £20,000, to buy a a 3 bed terrace house in need of repair for £88000. We stood out as owner occupiers in a largely rented street in an interesting poverty stricken area. After an…
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Jumping from a 2 year fixed to a tracker?
Heya all, Was hoping that your kind selves could point out any flaws in my plan that I haven't considered. Basically we are coming to the end of our first mortgage deal, 2 year fixed paying 1365 a month. We've been making Max overpayments so we've got equity up from 13% to 35% (including house value increase) Anyhoo…
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First Time Buyer Mortgage Help
Hi Everyone, My Wife and I are 1st time buyers, we have found a property to buy; its the house we have been renting for the last Three Years. The house has recently been valued at £165,000 however property on our street sells around £180,000. We made an offer to our landlord for £130,000 and he accepted proving we pay the…
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Is there a specific definition of 'first time buyer'?
For the purposes of things like being eligible for one of the government schemes to help people people afford houses, is the criteria literally as simple as 'someone that's never had a mortgage before'? My basic situation is, an ex girlfriend and I moved in together (too soon) and things didn't work out. I stupidly ended…
