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Consent to let and mortgage extension
Hi there, We currently have a 5 year fixed term mortgage that we're approximately 18 months into. Our circumstances have now changed and we would like to rent our property out for a while and move to another town. A while ago we spoke to a mortgage advisor about the possibility of gaining consent to let on our current…
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First time buyer - Questions re: Shared Ownership
Hi there. I have asked on previous threads about my girlfriend having a Debt Management Plan but myself currently looking into a position to save pretty swiftly. My salary is £27.5k basic and I have other earnings of approx £4k per year. I have 2 dependents; my daughter and step son and live with my girlfriend. If/when I…
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Been with Natwest for over 7 years
Hi guys, This post kind of coincides with another i put up in the Credit Card section but think its better suited for here. I currently bank with Natwest and have done so for the past 7 or so years. I have my current account, savings account and ISA with them. I know that the rates are not the best with Natwest but have…
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In a total dilemma, please help
Hello everyone, I have often used this site for some advice both on the main site and this forum and it’s clear that there are some very knowledgeable people on here which is great. I decided to stop being a lurker to sign up and ask for your help on my current predicament which is driving me up the wall, be prepared this…
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Nationwide mortgage decision and appeal
Hello, Hoping someone can help me with this. We've had a mortgage with Nationwide for 3 years and paying regularly. We are moving up north and are buying a cheaper house. We were looking to borrow £145k based only on my husband's salary of £55k. That's putting down a 50% deposit on the house. We were told that we'd have no…
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Mortgage deal expired but want a new deal with no early repayments fee
Hi all My mortgage deal with the bank of Scotland expired a number of years ago and I have been on the standard lender rate of 4.95%. It's an interest only mortgage for £150k. The rate I am on is pretty high but the situation is a little complicated, I don't earn the same money as I did when I took the mortgage out so…
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Help with SA302 / Bonus Underwriting
Hi I'm struggling with a bonus paid to myself and wondered if this could hinder a mortgage application. We are first time buyers and I'm a director of 3 companies (10% shareholder). The master company pays me in dividends and makes a healthy profit, payments are made monthly thus a salary and this shows on my tax return…
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Undersold house
Morning, My parents are downsizing and are looking to sell their current house to me. It has been valued at £150k and they are wanting to sell it to me for around £125k, releasing some of my inheritance. As the house needs a lot of work doing on it we are looking to get a mortgage for around £135k which will give us £10k…
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Declined with broker but got AIP myself?
My broker submitted our details to halifax intermediaries and our application was declined based on low credit score, even though its good credit score with no defauls, ccj, iva etc clean profile! After our decline we had no hope. Today I just tried the halifax's website and got AIP with £190,000 with 15% deposit. We have…
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Nationwide Mortgage Change APR?
HI All, We have been accepted for a 4 year fixed deal with nationwide and have been accepted at a rate of 4.04% however I see that this week Nationwide have dropped the 4 year deal to 3.84%. Does anyone know if Nationwide will switch us to this new deal as we are yet to draw the mortgage funds or are they like to tell us…
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Mortgage for 1 x annual income
All, just wondered if any brokers had experience of the following: Combined salary of £107k for mortgage purposes (excludes bonus for me which can be up to £20k). Its me, wife and 3 kids. We have seen 2 properties in a slightly further out area than we are looking at as we have broadened the search as we are currently…
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Nationwide AIP referred to underwriters.
Hi all, Been stalking this forum in preparation of my mortgage application and now I need your advice (although inside I know it's just a waiting game really). I went in for my mortgage application and it got referred to the underwriters at the AIP stage and wondered if you had any thought/what you think my next move…
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Mortgage on a borderline habitable house
Hi folks, I am currently looking at purchasing a property that was recently in use as an office, but prior to that was a house and has planning to convert it back to a house again. Because the house has been used as an office it does not have a bath/shower (although has a few working toilets and sinks. Also it has a…
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Landlord dragging his heels
Hi I'm currently in a bit of a panic. I'm currently renting a flat (at a very high monthly rate) and gave my 2 month notice back in late June as I'm in the process of buying my first flat. I got news early last week that the freeholder has not answered the standard lease questions and it's the second time these questions…
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FHTB scheme with 5 yr old default.
Hi all, Myself and my partner are looking at getting a joint mortgage. Our combined earnings are decent at around 65k p/a. We have a DIP from Natwest for 130k with 13k deposit using the forces help to buy scheme as I am in the RAF. My only issue is that I have a default from 2009 for 2300 from an old loan. It is due to be…
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Part Remortgage
Hi, hopefully someone can help - I have a mortgage with Santander but it's in two parts. We moved relatively soon after getting our first mortgage and so had an additional loan to afford the higher priced house. The first part of the loan is coming up to the end of the fixed rate deal and so is set to increase to the SVR.…
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Halifax mortgage release time
Hi all, Does anybody know whether Halifax can release the mortgage funds to my solicitor within 24 hours of my solictor requesting it? My solicitor says Halifax are quite quick at releasing funds - but I think 24 hours notice is pushing it a little fine. Anyone had any experience with the Halifax and fund release ?
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thread for first time buyers?
Hi does anyone know any threads that are for first time buyers? We are currently trying to save for our first mortgage to then buy a home and would like some info about this? Also any information on how the help to buy works, does it have to be a new build house as a lot of new build houses are about £150,000 and we were…
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Arrears consolidation - is this a no brainer?
Hi I think the answer to this question is obvious but I would be grateful for any confirmation/advice. We currently have ~£19k arrears (mortgage with Halifax), we agreed to pay £100 extra per month which would clear the arrears a year or so short of the remaining life of the mortgage. They have said we are now eligible to…
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remortgage or buy to let
hello all My question is 1. Is it possible to get the money from the current lender while remortgage process? 2. At some point i have to rent the present house in 1 year, is it possible to get buy to let fixed when the rates are very low rather than residential remortgage?
