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Rejected for credit card. How long should I wait before applying for a mortgage?
Hello, FTB here. I anticipate needing a mortgage that is about 4 times our salary and we have a healthy deposit so that should be straightforward hopefully. The only problem is that one month ago we changed a current account to Santander 123. It gave us a small overdraft. A week later we tried to open the associated…
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Mortgages and Maternity
Looking for some experience and ideas please, Our 3 year fixed mortgage is coming to an end in February 2016, around 2 weeks after the due date of our first baby. The original mortgage was 80% LTV but thanks to London's hyper inflation our LTV is likely to be well under 65% based on local sold prices. We are also going to…
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NRAM permanent consent to let
Hi all more advise needed on my rental house, mortgaged by NRAM. So back in July 2011 I was granted "on a permanent basis" a consent to let by NRAM (have the original letter). In Nov 2014, we tried to sell the place, it wasn't really in a good state to rent out. We had a few near misses, but no luck selling even after 6…
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Take partner off mortgage/deeds
Hi, A rather complicated mortgage situation here.... Some help would be greatly appreciated. My husband and I have a mortgage on a house together. He wants to buy another flat, but the mortgage on the flat must be in his name only. The bank won't lend him the money while he's on the joint mortgage for the house. I can…
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Moving nearer to school versus keeping mortgage debt down
Hi, This will be a lengthy one... I am really looking for some points of view about borrowing more money and the cost of moving house for the benefit of being guaranteed a place at a good school. We have fallen foul of the distance-based school catchment area system in that 3 years ago we bought a house well within the…
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Fed up with halifax
Hello all. I'm struggling with Halifax at the moment, just wondering if I'm handling things right and if anyone has any advice. I have a Halifax mortgage whose fixed rate is ending at the end of this month. Since early July I have been attempting to transfer to another fixed rate deal. I thought this would be easier and…
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Secret commissions on mortgages
Morning all I read in the Sundays that the FSA is ruling on secret commissions being illegal, will this ruling have any baring on mortgages. I know mine had a secret commission paid and I have been wondering what (if anything) i can do about it. regards Interested and hopefull :j
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First time buy looking for help
Hi All, Long story short, property value( 2bed flat) 159,000 money from helper-79,000 me and wife can raise 20,000 deposit plus all fees(5000) need mortgage for 60,000 Any idea or input welcome FTB---no clue of mortgage jargon Recommendation of lender,broker etc :A
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mortgage Deal ending,
Hi all, Im coming to the end of my current two years mortgage deal with Skipton. Any advice on who is giving good deals at the moment? I have a mortgage of 135k and the property is valued currently at 166k. Thanks
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Down Value on New build
Evening, So everything seemed to be going way to easy with the purchase of our new build Taylor Wimpey house, 7 days after we submitted mortgage application via broker to Nationwide the valuation survey was completed by Countrywide but then we got a phone call from broker to advise that they had down valued the house by…
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First time mover (sort off)
I bought a 50% share in a shared ownership one bedroom flat around 14 years ago for £44,000. A few years later I bought a further 25% share for £32000 (price of the property had gone up, the catch with shared ownership properties is when you buy further shares you pay the current market value price!) I tried to buy the…
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Sole mortgage application when married- deposit?
My husband would like to apply for a sole mortgage for us to buy a house (we are FTBs). We are aware only a few lenders will allow this, however my question is regarding deposit- which will be a gifted deposit from both his parents and mine. Will a gifted deposit from my parents present a problem when I am not an applicant…
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Fix my S.V.R. ???
Hi all :mad: I really can't decide if I should fix my 2.5% SVR from Lloyds its capped at 2% above base rate as its a pre 2007 deal. If I remortgage due to current circumstances I will have to stay with Lloyds and there are only two deals available to me. I am considering fixing this sub account for 2 years at 2.39% (this…
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Deposit - declared as 'savings' should it be 'gifted'?
My husband and I are in process of buying a house and have £34,000 deposit. We submitted full application to TSB (via broker) on Tuesday last week, declaring our deposit was to come from savings. On Wednesday broker got in touch asking for the proof of our deposit - 3 months bank statements showing 'the build up of…
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Is This Normal?
Brought a house in December 2013 with a 10% deposit right at the top of our salary limit. Applied to HSBC and we were happy when we got a two year fix at 3.64%. Price paid for house was £250K. I overpaid by £30 every month with the intention over time to slowly increase it. Mover forward to July and I get a renewal notice…
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Offset Mortgage Disappointment
Very disappointed in my offset mortgage. It seems that each time the payments have been amended, the mortgage provider has lengthened the term of the mortgage. Instead of a term saving of about 36 months, it looks like I have only achieved about 10 months. This appears to have occurred during the many interest rate changes…
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Tax credits
Hi, anyone know of any lenders that would take into account tax credits? Also what are the possibilities of using the value of a stakeholder pension as extra security? Loan to value would be about 50%
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Messy break up - removing partner from mortgage
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Bad credit mortgage
Not looking for advice on how we shouldn't be buying, or judgement on my credit history, just need some help on what I'm asking thanks! So my husband and I are looking to buy our first property. I have bad credit history, so after speaking to a broker we got an AIP with Precise and put an offer in on a flat, which was…
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Mortgage Advice Please.
Hi everyone,I would just like some peoples opinions on my current situation and my plans to see what wiser people might say. At the moment I'm renting and have been for last 18 months,the monthly rate is 550 which is actually reasonable for my current location,Aberdeen,now adding council tax and bills 750 is roughly the…
