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Interest only mortgage and in a mess!
Hello Wondered if anybody could offer some advice please? I have IOM which was taken out 10 years ago. At the time I intended to change this to repayment as soon as I could. I am a single parent to 16 year old now and retrained in another career 6 years ago with the hope of earning a better income but the jobs weren't…
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Mortgage advice - self employed and own home outright.
Hello! I am looking for advice on the best way for us to borrow about 150k to buy a property. Me and my wife own a cafe which is our only source of income - the past 3 years accounts showing profits of approx 20k - 2014, 30k - 2015, and 40k - 2016 (2017 looking to be about 45k) We have 50k savings and are looking to buy a…
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Increase in borrowing - issues with lender....
I have been with my existing lender for a number of years, no issues. I want to increase my borrowing for some home improvements. The process is proving very trying indeed, for reasons I do not fully understand. Can anyone help? I have passed all the credit and affordability checks for the increase in borrowing, and have…
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Overtime on mortgage application
I have been getting regular overtime at work since I started in 2008. The problem is the overtime is not guaranteed and is when required in my contract. I know my work will not confirm that overtime is regular or guaranteed. When applying for a mortgage I will only put my basic salary and that's what I have based my…
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Am I likely to be rejected again?
So - like many on here who's threads I have seen- I have been rejected for a mortgage application which has come as a shock given a) I went through a broker and b) was told I should be a "shoe-in" (I bet they say that to all the applicants eh...) I won't post my full application obviously but basic details: Property price…
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Nationwide text updates
We are currently applying for a nationwide mortgage through our broker. It has been a lengthy process. This is mainly due to the wrong address being submitted on the application form. The valuer valued the correct property but also submitted the incorrect address on the valuation report. This resulted in nationwide…
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Overpay on mortgage or clear credit card?
Hi, Ive been trying to sort out my finances this week and now have all of my debt on a 0% credit card until May 2017. Ive also just switched my mortgage deal to a 2 year fixed at 2.53%. Anyway, my original plan was to continue paying the mortgage as normal, and pay £300 a month off my credit card a month to have it cleared…
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Help to buy mortgage with adverse credit history
Hello Everyone, Does anyone know whether getting a mortgage using the Help to Buy Wales scheme is possible with a default or has anyone reading this managed to secure a mortgage with one on their file? The default was first registered 2 years & 8 months ago and was for £1000. It has been settled. I have no other adverse…
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Urgent advice needed please
We had an offer accepted on a house, mortgage agreed, process started. We have paid for homebuyers survey and awaiting report. Just had a phone call to say that another interested party who viewed and offered on the house has now made another offer higher than mine. They are cash buyer. I am waiting to here what will…
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Remortgage issues
Afternoon everyone. I've been trying to change mortgage lenders,take over the mortgage in my sole name and increase my borrowing for the past couple of years since I separated and subsequently divorced my ex-husband in 2008. Although I previously had huge debts which affected my ability to change lenders etc ,these are now…
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Investment Property & Self Employed
Hi all Just had a rather unproductive call with a MA, so thought I would post on here to see if anyone can offer me a little advice and point me in the right direction. As of next month I will pay off my mortgage (£160K), at present I am happy with the house and have no plans to move. However I would like to invest in…
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Advice about Halifax consent to lease?
Hello I am currently on Halifax SVR mortgage as my previous deal ended in September. It is a residential mortgage but has been granted consent to lease for the past 18 months as I am working abroad temporarily. As my product has ended I called them to ask if I could switch to a new product but was told as I have consent to…
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Help to buy mortgage
So me and my girlfriend are saving for our first house. We had planned to save £15000 for a £300,000 house. Using the Help to Buy scheme with the 20% government loan. Now doing online mortgage calculators we have found that monthly payments would be around £850+ per month. We currently spend £650 a month on rent and save…
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Mortgage Prisoner
I'm currently on an Interest Only mortgage with ten years still left to run but because of my age (65) I can't refinance to a Repayment Mortgage. Why is it that the banking industry, the UK government and EU Mortgage Directives make allowances for the way banks accommodate themselves but not customers who also suffered…
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Sewage Problems
Hi, I have had contact from United Utilities who say that one of my pipes has been incorrectly plumbed and has been draining into a local stream. My property is old and has had an extension attached 36 years ago. United Utilities state that it was at this point that the drains have been connected to the wrong sewage…
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Help with chains!
Hi All I need help please!! We are buying a house and are the 2nd link in the chain. Our buyers are 1st time and we have been told they have the AIP (which is why we agreed to go with them). We have had the survey done on the house we want and it was all approved by the bank yesterday and the official paperwork arrived in…
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Mortgage - ex-partner disapeared
So here is my situation. Sorry about the long post but I have included all the information I can think of as really need help! I purchased a property in September 2012 with my ex-partner. I know it was a silly thing to do as we had a volatile relations ship but I lived on the hope the situation would improve as I loved…
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Fixed rate or tracker
hi Just looking for some opinions! Our current mortgage deal runs out at the end of March so we've started looking around at our options. RBS (current lender) sent us some info with a link to some options...but all the options are fixed rate, we wanted to look at some trackers for comparison but it just says 'call into a…
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Halifax fixed rate ending, earliest date to switch?
Hello, I have a mortgage with Halifax, locked in a fixed rate until 31 July 2016. What is the earliest date when I can request to switch to a new deal, so that I don't pay ERC, is that in April (with new fixed rate starting 1 May 2016)? Their website says there is a 3-month grace period. Thank you.
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Remortgage on DMP
Best options? Fixed deal due to end soon. Additional borrowing required for urgent house repairs. Mortgage is my name only but now married and would like it in both names. Currently on DMP so our credit history is not good to say the least. We have never missed a mortgage payment, been on DMP for 3 1/2 years, over half…
