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Planning for the future - Mortgage with arrears in the past
I’m keen to get an idea if a mortgage at high street rates will be a possibility for us in the future. We live in London so property is expensive and we’d ideally like to trade up to a house in the future (currently in a bed). Would like a sense of how realistic this is going to be and if we’re doing the right things to…
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Passing on a Property
Hi, My mum has asked me to look into the process of signing her flat over to me and my brother and I'm just looking for a little advice because she's still in the process of paying the mortgage off so I don't know if that complicates the matter. I'd also just like to find some help with the process. As far as I can tell,…
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Do we stand a chance?
So after some advice please, Me and my partner have a 1 year old daughter, both work, have moved in with his mum from our rented place to save and sold our car all in order to save to buy our own place. What is like is some advise as to ether it's possible for us to do this! Or shall we just go back to renting because…
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Bad credit mortgages
Hi On Friday I phoned Halifax to find out my mortgage application has been declined by the underwriters :-( So gutted but now am looking to plan B. The main reasons they declined the mortgage application was because of our credit rating and the 3 main reasons were: 1) Overdraft 2) Late mortgage payments from our previous…
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Poor credit history in the past. Will I get a mortgage of 95k?
My landlord wants to sell the house which I am living tenant. He is looking for quick sale. Obviously I was offered 1st to buy. Few moths ago my credit file was not good (Poor I would say). I have cleared and closed two credit cards a month ago(5.1k) and 3k overdraft(closed now). I still have one credit card of 4.6k. It…
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Remortgaging -I'm lost??
Hi there, I am totally confused by mortagages, but seen your post advising to remortgage just now, as this will change soon and prices will go up. I pay the mortgage on my own and every penny counts. I checked the best morgage deals on your site and just wanted to check if my best option would be to move to the HSBC as I…
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Natwest BTL Mortgage
Applied BTL re-mortgage through NatWest. Mortgage was approved last week subject to valuation and valuation was done mid of this week. The last I was told application is in their "offer queue". Any idea how long it takes them to process mortgage application after valuation? Thanks
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TSB mortgage
Hi. We have been accepted for a remortgage. Hopefully it goes through as had valuation and a conveyancer has been appointed by TSB. The remortgage is also to repay debts and some extra money for house improvements. Looking at the paperwork the remortgage is actually split into 3. My mortgage, the debt, the equity release.…
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Mortgage ex bankrupt
Probably been asked millions times before but every case is different. I'm looking to get a mortgage with my partner we are first time buyers have a deposit of £30,000.00 - £40,000.00. The property we are looking at is £150,000.00 but needs work..... Heres the catch I'm a ex- bankrupt but it has been 6 years and 2 months…
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Shared Ownership Mortgages & Re-mortgaging
Hi Martin & Other Money Saving Experts! Your mortgage guides and information are all geared up for people with standard mortgages... there is some very limited information for those of us with shared ownership mortgages. Can you please write a guide and give us some hints and tips?? Pretty please! Your latest email about…
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Mortgage Rejected - Via Broker, what now?
Hi guys, I've posted on here a few times and now have a particularly important one. First off, some background info: My partner has PERFECT credit scoring/rating/file - I know the score technically means nothing but hers is 996 on experian. Mine on the other hand is about 500. I have NO bad debt owing, but I do have a…
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Nationwide offer text message - what next?
I received a text message from Nationwide 2 days ago saying they have issued a formal offer. What should I expect to happen next? My application was placed through a broker but I have not yet heard from them. Will Nationwide post me paperwork to sign or does this go via the broker? I am paying off some credit cards (at 0%…
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do we have any hope?
hello, just looking for some general advice. I desperately want to get off of housing benefit and get a mortgage so we can have our own home. i have just been offered a new job. DH works around 35 hours a week but is on a 0 hour contract and minimum wage. My salary will be around 16000. We have 3 children, 2 of which will…
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RMNJ on Halifax's panel of solicitors?
Hi, Does anyone know if RMNJ solicitors are on Halifax's approved panel of solicitors? I called Halifax but they asked for a certain number which I can't seem to find and couldn't tell me by their name if they are on the list or not and RMNJ's offices are closed at the moment, does anyone know this number by any chance?…
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Effect of current debt on potential mortgage borrowing
We are considering moving house and borrowing more money in the next 6-12 months, We have a loan which will be paid off this time next month(£7500 over 2 years) We have about £1500 each on 0%bt ( hopefully paid off by January as I can chuck extra money at them when the loan has gone next month) I am wondering if I did…
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Available Credit card balance when applying for a 1st Mortgage
Thank you in advance for your thoughts. My Wife and I are sorting out finances out pre 1st time mortgage application (we have lots of time as deposit is stuck in a house chain from probate). Now the question is: I have 2 credit cards (5.1k combined, zero balance as paid off monthly - used for work expenses) My wife has 1…
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Lifetime tracker
Hi all, I've got two mortgages on my house: 1. Lifetime tracker, £72k. It's 0.98% above base however there is a floor of 2%, so it's costing 2.98% at the moment. The floor was lowered from 2.75% but could possibly be re-applied in future. Also it has a few nice features like payment holidays and borrowing back…
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Mortgage lending with bad debt
I have approx £29k of bad debt that was transferred over to me from a divorce(this is on a debt management plan) I however received a house worth around £60k which we had on a buy to-let scheme(this property is mortgage free I own outright). having now met a new partner whom i'm very happy with and wish to buy our own…
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PPI for Mortgage
I have for years maintained a PPI policy for my mortgage. I chose to, and even shopped around for it. My mortgage is 23 months from completion, and my endowment policy would cover most of the equity now, and I have savings. I am starting to feel that the risk is greatly reduced, if I lost my job that is. What options do…
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Buying from a SLOW housing association
I'm in the process of buying a house from a housing association (empty house, one of several they're selling) and since my offer was accepted two months ago, I've heard nothing from them. Nor has my solicitor. I've been chasing up via the estate agent, because despite the mortgage being approved, survey done, and…
