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Best & Quickest way to get in to BTL market
Hi, I am looking to get in to the BTL market within the next 12 months, I have a brief knowledge of it from re-search and also family with rental properties, I know the area I am buying well and at roughly what price the house's sell and rent for. Having renovated a property and currently selling it on I should have around…
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Fix term ending
Hi, looking for some help. Our fix term ends in March 2017. Obviously I could re mortgage now but would incur fees. I've done the ditch the fix calculator and it's not worth us doing. How soon before March 2017 can I lock in a mortgage offer?
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Help with separation/mortgage
My partner moved out in September. He is back with his folks and saving to buy a property of his own and we came to a deal over the finances and he doesn't pay towards the mortgage but still is named as we are in a fixed deal until July then revert to standard 4%. I transferred an amount to him and he says he will not…
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Halifax help
Hello good morning. Please be gentle this is my first post. My girlfriend has found a house she loves and made an offer. The house is up at £252,500. She is going to put a deposit in of circa £152, 500, so a LTV of circa 40%. She is 26 years old and been full time employed for 4 years as a nurse, earning £21,500.…
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Self employed 3 years accounts to what degree ? summary or 3 years of paperwork?
Hi , I wonder if anyone can shed some light on my question...Bascially I am Self employed , I have been for the past 5 years , I owed my own house , but time to move...... One thing I keep seeing Is the need for 3 years accounts , as you can imagine , yes I have 3 years accounts.......but what are wanting to see ? will…
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Phoenix endowment payout significantly less than estimate
I am not quite sure how these things work and whether the recent stock market volatility may have had an impact but I was under the impression short term volatility would not impact as much as it has. In December I received an estimate of a payout of £29200 but today it has paid out £28200. Does this sound reasonable…
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Nationwide mortage
Hello, I've applied for a joint Mortage with nationwide through a broker. My broker checked the affordability with nationwide and the offer we want to make was about 30k under what they would offer us. We had a DIP issued successfully and had an offer accepted that day. We then sent off the formal Mortage application and…
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Guarentor mortgage using friend not parent?
I have a friend who has offered to guarantee a mortgage for me. Having looked at the market it seems guarantor mortgages are only offered where the guarantor is a family member... Does anyone know of a product that would accept a friend as guarantor?
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Help! More than 6 months to completion
Hi, First time posting here. Also first time buyers! Found a property we like on plan, want to reserve but from that point we'll have 28 days to exchange contracts. However, completion is estimated for September/Oct - so more than 6 months away. What is the best thing to do regarding a mortgage? At the moment we…
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Santander HELP
I'm hoping someone will be able to offer us some reassurance. We have applied for a HTB equity mortgage with Santander - passed their credit check, sailed through the affordability had valuation carried out. They asked for more bank statements and a letter from my employer to confirm salary as I have literally just…
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NATWEST-mortgage comparison
Hi all, I was hoping someone could explain to me the following. I have been to see a mortgage broker, we did DIP which has been ok'd. He then gave me a Key Facts illustration about a mortgage which would be appropriate for me. Details below FTB Semi-Exclusive 2 years fixed rate 2.63% (26 months) monthly payments £344.67…
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Remortgage and pay ERC
Hello, I'm trying to work out if it would be better for me to pay my ERC and re mortgage for a cheaper rate. I took out a 5 year fixed, however i'm noticing much cheaper rates than i'm currently paying. Could someone please help me with the calculations? ERC: £3100 (currently approx 3% of outstanding balance, reducing to…
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Mortgage affected by small default?
I have just checked my credit report and it's showing that I defaulted on a payment in August 2013 of £56 for Virgin Media Broadband. I had no knowledge of this because it was from when I was a student and had moved out of the house early on bad terms because I didn't get along with my housemates.. for some reason or…
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Halifax Buy ISA
Hello Why is the initial deposit £1,000 if you can can submit 1.2k?
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Ex pat, wanting to release equity in UK property to pay back parent. I have CCJ
Hi, I live in Washington USA and I own a property in London. I used to work in London and transferred to DC through the same company. I am living here temporarily but perhaps with a view to live here permanently. My house is valued at around £700k. I bought it for £500k with a £150k deposit, loaned to me by my parents.…
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Mortgage AR Networks
This post is for the attention of mortgage brokers that use this forum I am an experienced adviser coming back into the industry after a career break to raise a sproglett, and I am looking for recommendations of, and downfalls of specific mortgage networks. I've worked with Pink (which I loved) and Sesame (which I liked…
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Halifax Mortgage
I have a two year fixed rate residential mortgage with Halifax. Does anybody know what kind of conditions Halifax will impose should I chose to move out of my house and rent it out ? I will not own another house, if that makes a difference. Thanks.
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Which mortgage to overpay
Hi, After lots of ups and downs over the last few months, I am about to move house. I am letting out my current house. This is valued at 72,000, interest only mortgage (54,000) at 3.54% for 30 years costing £160, rent 468, tenant due to move in March. My new house purchase price is 155,000 with mortgage 139,500 at 3.14 %,…
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FTB: Help needed if you can, PLEASE!!
Hi Guys. Ok so we are FTB, AIP from our bank, currently looking around properties, but I only want to look at ones we can really afford. I've been playing around with rate finders and calculators, but after reading the very helpful mortgage section on this site, it appears I have been doing it all wrong! I was comparing…
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Mortgage for half of girlfriend's house
Before I so some research I wanted to find out some info. I've lived with my girlfriend/soon to be fianc!e in her bought and paid for house (early inheritance) for some time and I would like to be joint owner. I've never thought about purchasing a house before - I'm a Londoner, I didn't think this was a thing for me.. What…
