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First time buyer - unemployed with 50% (40k) deposit from matched betting
Hello guys, I thought I'd make a post here as I know there's a wealth of knowledge. My situation is, I don't have a "proper job" I'm pretty much a full time matched better (gambling as far as the banks are concerned, which I have no qualms with) At the moment me and my girlfriend live with my parents, we're looking to get…
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Countrywide Surveyors
Hi Just wondering if they talk to Joe Public. Broker has said they will only talk to lender or HA. There is a delay with the HA arranging valuation and neither the HA or broker seem to chase or reply to my emails or calls so thought I could call them direct.
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Mortgage timescales
Hi, looking for your experiences on timescales of buying a house. We decided we wanted to move house and the perfect house came on the market, we have equity in our current house and a deposit for the new house so after speaking to the mortgage lender we were given a mortgage in principal and offered the asking price which…
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What happens to the deposit on exchange
We all agreed on Monday to go for next Monday for completion, was hoping to exchange ASAP but having spoken to my buyer who's a cash buyer , they have been told to transfer the money for Friday , does the deposit actually get passed up the chain or is it all just a virtual thing that only materialises if someone pulls out ?
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Mortgage advisor - help!
Any mortgage advisers able to lend an ear? I'm in the process of getting my credit score at its best - I'm almost there except for a note on my Barclaycard account to suggest that I've got an AP (started in 2008 and finished in 2013 when the card was put back into use). There are however now AP markers at all, no late…
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Mortgage declined, what next?
Using a mortgage broker, suggested we could get up to £240K, we decided on house at £180K, all docs sent to broker a month ago, last week they sent to natwest, natwest declined due to "being fussy about who they accept" according to broker, they said don't worry we'll use halifax they're not as fussy, applied tuesday,…
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A little mortgage advise please - LTV
Hello people of the forum, I haven't been on for a little while. I was wondering if someone could give me some advise on renewing my mortgage please? (most likely with a different provider, currently Halifax which deal expired in Feb). I've been using the comparing websites for mortgage deals and I keep getting confused…
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Virgin Money Credit Checks
Hi, does anyone know who Virgin Money use to Credit Check for Mortgages? Thanks
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Ready to exchange, but seller's lender hasn't released funds
Hello, I’m new to this forum and hoping someone may have some advice, or may there’s someone who’s been in the same position who can tell me their experience.. We are first time buyers and have now been waiting 4 months now since our offer was accepted (after already having lost out on 3 previous houses which went to…
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best way to release equity
To keep a long story short I am in the process of getting divorced and as part of that need to come up with about £40K I don't have. My parents are happy to help but aren't sure on the best way to proceed. They are both retired and own their house (a low end valuation, to be on the safe side, would be £300K). I also have…
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Have HSBC ERC recently changed?
Hi all, Just been on my online banking and noticed that HSBC seem to have changed their ERC terms. Anyone know anything about this? We are currently in the middle of a 2 year fix but as per the previous rules, started paying the maximum of 10% of the monthly payment allowed. I logged on today to see that we now have a…
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Nationwide won't accept my income!!
Hi, I've been trying to remortgage with Nationwide for nearly two months, they lost my paperwork 3 times and have made lots of mistakes. They agreed a remortgage of £150,000 in principle. Then, as I couldn't provide the latest paperwork they took of my child tax credits payments (worth £3,000 per year) and this came down…
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Deposit source!
Hi, we've just applied for our mortgage which was accepted in principle with Leeds building society. We have over half our deposit in savings but my husband just sold his beloved motorbike tonight for £5k....in cash 😁 My question is how the heck do we prove the £5k isn't dodgy??? I'm terrified this just won't happen
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Relocation, new jobs and mortgages
Hello lovely folk, I wonder if you can help. My husband and I live in Oxford and would like to relocate back to my husband's hometown of Poole. However our problem is thus, we both need to get new jobs, we need to apply for a mortgage and buy a house, all at the same time. Can anyone tell me how it works, we can't get jobs…
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Would we be able to rent current property and buy new one?
We have literally just started thinking about renting our current flat out and buying another house to live in. We bought our flat in 2013 and at the time it was valued at £150k. We switched to a new mortgage deal with our lender earlier this year and they valued the property at £167k. I have also seen that in May and July…
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Brokers vs. Direct
So. Evening Folks, This has probably covered on this forum a million times...but what are everyone's thoughts and advice on using a broker vs. doing the legwork yourself? Obviously, brokers charge fees, which inherently means they must be providing some value added services...are they worth it? - What are your experiences?…
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Can we just ring lender and move to BTL
Basically me and my girlfriend are buying a house at £245k I have my own house (currently rented out) that is currently on a variable rate. I am remortgaged to get money out of it and move onto a BTL. I rent my house at £570. It is worth £140k and i have a mortgage at £70k The missus owns her own house which we currently…
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Will this ever end...?
Excellent news, shiny pack arrives in the mail today, congratulations we have "agreed your mortgage application" and "you should now arrange buildings insurance." Sounds good so far. "Next steps" hmm....ok. Feeling of euphoria rapidly subsiding. "Need evidence from the conveyancer that the appropriate searches have been…
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H2B Mortgage Advice Please!
Hi All! I am after some advice around applying for a mortgage in order to move home and want to understand a bit better what my options are based on a number of factors, which I will try my best to explain in this post below. I presently live in a 2 double-bedroom terrace (home owner) with my wife and 3 children. (We are…
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Transfer of equity only?
Hi all - I have a buy-to-let property in my sole name and have been advised it would be better tax wise to have the property in both my and my husbands names (for if we decide to sell in the future). I've contacted the mortgage company who have sent a change of ownership/transfer of equity application and the paperwork…
