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Interest Only Dilemma
I have an interest only deal with Britannia which expires end of August. I have applied for a new deal, but have been rejected on the grounds that my repayment vehicle (Partner has a rental property which will be sold) is no longer acceptable. I am told a transfer of equity on both properties will resolve this issue.…
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Transfer of Equity upon Seperation/Divorce
I wondered if anyone can help explain this process to me in English as I have had solicitors try and it appears to be contradictory advice. My wife and I are spitting up and have come to a very amicable agreement on how everything is to be divided. The house is to become hers and she has agreement from the current mortgage…
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Playing the waiting game
I would love to go back to when I was younger and give myself a slap. I had 4 defaults and the last one drops off next month, it's been tough because we are financially fine and I have kept my nose clean for almost 6 years. Our situation is this: My income £47000 Self employed income £15000 My wife is self employed, this…
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Remortgaging to buy partner out
Hi all. New here and not sure if I have come to the right place, but really looking at my options as well as where I stand legally. Potentially relationship is going to break down and I'm extremely confused as to my options regarding our house. We have lived in our bought property for 15 months, although lived together…
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Best "Whole of Market" Mortgage Broker?
Hi All, I will be applying for a "First Time Buyer" Mortgage in the next week or so. My offer for the property has been accepted and I have about a 25% deposit. I'm looking for a reputable "Whole of Market" Mortgage Broker who can assist getting me a mortgage. Which "Whole of Market" Broker would you recommend? I am…
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Porting and help to buy equity loan scheme
Hi I have recently remortgaged with Nationwide and signed up for a 10 year fix (mortgage of £141000) - we thought it was a good idea to do this while rates are fairly low, before any rises. But... Subsequently my husband and I have seen a few new build properties locally that we like and we've been investigating online the…
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First time buyer with an odd question.
Hi all, I have searched for this topic, but it has drawn a blank. I'm close to applying for a mortgage on my first house. My credit score is good with no negatives, I have a good amount to put down as a deposit and I will also be taking part in the government's help to buy scheme. In addition, I earn a reasonable salary…
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Help to Buy
Hi guys, Been living and renting in London for seven years and finally at a place where I can club in with a mate and cobble enough together to get a two bed new build on the Help to Buy scheme. We've got about £30k for a deposit and combined income of around £100k per year. I just wondered whether there was any website to…
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Confused
I would like to help my daughter buy a home. I have 30k saving. I also own 2 houses. The first one is mortgage free but the second one I am renovating and I will need a mortgage of 40k if I also use my saving. Would I be able to get 2 mortgages I earn 30k.
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Broker Advise needed - Any Chance at the moment
Ill try to keep this simple.... My husband works - salary 20,000 p/a We have a 2 yr old so i am not working at the moment but i get child tax credit £3,081 p/a and we get £572 p/a working tax credit and the standard £82.00 every 4 weeks child benefit. We have no other outgoings. We have a credit card which we pay the full…
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Interest/Capital Paid Off Breakdown Statement
Hello I wanted to ask if anyone has received/requested a statement breaking down the amount of interest and capital they have paid off on their mortgage month by month. I have a mortgage with Skipton which began last year and pay approx £500 p/m towards the mortgage. I would like to know month by month how much of it is…
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Remortgaging on very low income
My sister had a very messy divorce a few years ago and when she remortgaged under her own name the only mortgage her mortgage broker could get was a buy to let mortgage. This was because she works part time as a driving instructor due to having two children and makes around £4300 a year. She survives on this plus around…
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Mortgage-sa302-pension income
Hi, I recently applied for mortgage and gave sa302s. They got back to broker and said that in 2014 sa302 it details pension income which is not present in 2015 sa302.so it is inconsistent. I was getting maternity allowance in 2013-14. So I just wanted to know what sort of proof would lender want to show I was receiving it.…
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Remortgage current home on a buy-to-let, buying new property to live in ...
I am self employed and currently on maternity leave. My husband and I realised that due to my self employed status, when it comes to moving (which we had planned to do in the next 12 months or so), we won't get as good a mortgage since my 2015-16 accounts are going to be dire, compared to the previous three years. So we…
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Precise mortgages success stories!
We will hopefully be putting in our full application to Precise through our broker in the next week (we are just waiting for our vendor to find a place). We have an AIP for roughly £50k more than the property we have had an offer accepted on. I have an adverse credit history including payday loans and defaults (one in the…
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FTB likelihood of acceptance in the future
Hi all Wannabe FTB here interested in buying something a year down the line. Want to increase the likelihood of being accepted for a mortgage so would appreciate any advice. Current situation: Live with partner in rented housing association property. Have been here over 7 years. No dependents. Both work full time, time in…
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Virgin Money FTB Mortgage App
Hi there First time poster here, so apologies if it is in the wrong thread! 22.07 - Right, I applied to Virgin Money for a DIP back on the 22nd July, which I got. I provided my broker with all the requested items, bank statement, p60's, wage slips etc etc.. Viewed the new build development and got a wee house reserved and…
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Random question about a booked valuation - can somebody else be there for us?
Hi all, We have our valuation booked by Halifax for Monday and we cannot get the day off work. My mother in law has offered to be there - would this be OK? Would it go against us in anyway? Apologies for what might be a stupid question but we are FTB's and unsure of the process for valuations! Thanks everyone :)
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Should I Stay or Should I Go? Santander vs First Direct
Summary * Currently with Santander * 7 years left but can change deal now with current deal ending 2nd September * Offered 2 year fixed rate at 2.59% * To change term of mortgage, it would take 4 weeks so they can't tell me what rates/monthly cost would be now. It'll also cost £75 to change. * I have £38k to pay off. I…
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Re: Self Employed, Guarantor Mortgage and Buy To Let
Hello, Hoping to get some advice on what options we have to get a Buy To Let. Me and my wife are both 28 and currently living with my parents and will continue to do so for the foreseeable future. I am self employed earning approximately 25k per year. My wife is not currently working. We have managed to save 100k to put…
