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How big is yours?
Purely being nosy; How much mortgage do you have outstanding? Monthly mortgage payment? What type of property is this for? For me I still owe £92,000 £479 a month A 2 bedroom flat Will be increasing mortgage to about £200,000 (!) when I move to a house
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Halifax full application
Hi - can someone with experience please tell me what to expect at the full application with the Halifax? We have an AIP. It's a long meeting it seems - 2 hour slot? What is covered and what do I need to know before hand? I have provided the documents that the AIP said we would need. Do we get told there and then if the…
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Am I a 'First time buyer'? Help to buy scheme
Hello, Just applied for a 5% deposit mortgage with Santander, HOWEVER About 6 years ago, my father put a flat, that he completely owns himself, and that he rents out, into myself and 2 of my siblings names - to basically get around inheritance tax. We actually have nothing to do with the flat and he still receives the…
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Interest only mortgage
Hi, I have an interest only mortgage with the Bank of Ireland.(BOI) The loan was taken out in 2005, for a 10 year term. The loan term is now up. I have approached the BOI with a request to extend the loan for 5 more years, but this was refused, I made a request for a new loan based on a part interest/Part repayment but…
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Friend intent on renting property without informing mortgage company
Hi All, Basically my friend is intent on letting his flat out without informing his mortgage provider HSBC. He has been on an interest only mortgage for about 7 years now and hasn't actually paid a penny off his mortgage. Currently owes £112k, bought the flat for around £125k. I have been urging him for years to try and…
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Undervalued Mortgage Survey
Hello, My partner and I are first time buyers and we genuinely believe we've found the perfect first house. Everything has gone smoothly from the start up until the point of the mortgage valuation. The house is marketed at £130k The house has been valued at £115k. The valuation report states that there is not enough…
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FTB gift deposit
Hi all, We're (hopefully) midway through the purchase of our home (we have been renting the property for almost 5 years) from our landlord, and a portion of our deposit has been gifted to us from parents and has been in our bank accounts now for almost 3 months. Our mortgage application is currently in progress with…
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Being made homless (self employed)
Hi All, Just had a big shock our landlord is selling our house so we will be homeless in 2 months :( We have been saving for deposit for a house but as we are self employed we really don't know how much money in the bank is ours. The company she owns has very few risks. The OH holds a PhD and she does consultancy as well…
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Mortgage declined
Hello! I have joined this forum in hope that someone out there can give me some information on where I stand. It's quite a long story, so I'll try summarise. We wanted to sell our flat to buy a family home eight years ago. We couldn't, as it was in negative equity. Instead, Santander allowed us to keep the flat and…
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DIP... now what?
We are looking to buy a new build home on the equity scheme so our monthly repayments are the same as our current rental payments. We heard on Monday that we have a DIP from Halifax, but now we need to sit down and go through the application process with our bank statements etc on Saturday with the broker. I'm a little…
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Anyone tempted to ditch their low APR trackers yet?
Hi, Has anyone made the jump to a tracker yet and ditched their low APR trackers? I have 71k @ 1.49% above base with HSBC but running some figures I'm tempted to look at the fixes again. Obviously the fees of some these are pretty steep given the relatively low mortgage. It can't be low now before the first 0.25 or 0.5…
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Partner Has a mortgage
Morning, basically myself and my partner are looking to buy our first home, we have been saving for a while and finally have enough for a deposit! here's where the problem begins.. my partner agreed 2 years ago to put her name on a mortgage for her sister, so the mortgage was placed in my partners name and her sisters…
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Excellent + Terrible = good?
Hello, Looking to get a mortgage with my partner, and would appreciate some advice from the community here. I've got terrible credit rating (just over 500), my partner has a fantastic one (700+ probably, 5/5). We have a large(ish) deposit, £50,000. And stable full time jobs, £40,000 (me), £28,000 (her). What's the best way…
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Mortgage and maternity leave?
I want to apply for a mortgage next year around March as I will have enough deposit at that time. However - I am on maternity leave and will be until April and between Jan-March I will be on extended leave at £0 pay salary wise. When I return, I will be on a slightly reduced salary and will be paying childcare. My…
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2 Year Fixed vs 5 Year Fixed Mortgage? Today's News of Interest rates Going up ??
Hi all, Really need some advice please. Our 2 year special rate fixed mortgage ends in September and I am not sure what is the best option in terms of a Fixed 2 year of 5 year deal with today's news that intrerest likes are likely to be going up soon... The 5 year fix is around £60 more a month than the 2 year.......do you…
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Would i get a mortgage on a rtb flat
Hi everyone , I am after some advise please... I have a flat in London which have a rtb discount on it,earlier this year, I did a mortgage application with a broker and got a Dip with Halifax, however when the broker submitted the full application, it was picked up for audit and later declined ( I was not told why it was…
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When does the lender request proof of deposit?
Should this be sent over with the rest of the supporting info or do they request it once they have underwritten the mortgage? (Lender is natwest)
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Mortgage Broker
Hi All Can anyone recommend a good mortgage broker in the Streatham/Croydon area please? Cherry
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Mortage availability with my credit rating??!..
Hi I'm wondering if any mortgage savvy forum members would be able to advise please? I have a credit rating of 560 wich is classed as poor with experian I have 2 defaults due to expire in 2016 and a CCJ that is marked as paid but will no 'drop off' until March 2016. What are the chances of me being accepted for a mortage…
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BTL Remortgage Valuation - NatWest
I applied for BTL remortgage with NatWest for 1 bedroom flat and waiting for valuation. My issue is there is one direct comparable 'two bedroom' flat available in my block. This is a shared ownership flat and has been valued by RICS surveyor at full market value of 165K. I have been told today by my neighbour it was sold…
