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Bad credit, mortgage success...
Hi everyone, I just wanted to post as I myself have asked for lots of advice from lots of you regarding bad credit history and getting a mortgage. I have a bad credit history which includes mainly pay day loans from month to month. I spoke with various banks and mortgage brokers all who said we would need 15% minimum for…
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Valuation £30K Lower
We had the house we are looking to purchase valued on Wednesday by Countrywide. Our mortgage application is with Platform and we are looking to borrow £295,000 and the offer we put in on the house was £331,650. Our mortgage advisor rang today to say the house had been valued at £300,000 which is significantly lower than…
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Advice on Best Mortgage Option for an Opportunity we've been offered.
I'll try to keep this story brief... Points to note: * 7 years ago we went bankrupt (we are now out of bankruptcy) * We are currently still renting * We are saving for a deposit for our own house... and expect this phase to last a good few years yet. We have some very dear friends that have made us an offer that is hard to…
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Mortgage application without living at permanent address?
Hello folks, I have lived at the same address for a few years and I am on the electoral register, but I am moving out this week as my landlord's partner is moving in (flat not big enough for the three of us, etc) . I have my eye on a shared ownership property and should know whether I have been allocated a flat within a…
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Applying for a mortgage and going through divorce
Hi All, I am hoping someone can help me. I am currently going through a divorce and have requested ownership of the marital home in England . My husband owns 4 properties in France. I am actively seeking employment but have not worked for a few years so finding it extremely difficult to get interviews, let alone jobs. The…
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Divorce money
Hi, I'm about to be paid £76,000 as part of my divorce settlement. That's come from the sale of my family home. I have no children, currently living in London on low to middling rent, earn £45k a year. What's the best way to spend the money. Is it right I can only get 4 times my salary on a mortgage? If so, that would…
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Securing a mortgage but income is paid abroad
Morning all, I've been following these informative boards for awhile. We're gearing up to approach a broker regarding a mortgage as FTB'ers. However, my husband has been employed out of an EU country for the past 18 months and is paid in a foreign currency. We still live here though, and he commutes backwards and forwards…
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New build downvalued
Hi Buying a 3 bed new build with my partner. We've put a holding deposit down and are going through the mortgage application. The valuer has valued the property at £40k below the asking price! This seriously dilutes our LTV (therefore increasing our repayments) and increases the equity we are investing (making it…
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Could I possibly get a mortgage any time soon?
Right, so... I earn roughly £22k a year at the moment ( freelance so pretty hard to get an exact figure together) I have about £100K available as a deposit ( currently tied up in my late mothers house which I own half of) and I have about £10k in savings readily available to me. I'm looking at buying a house worth around…
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3 hard searches by nationwide
Hi All Just a quick question - my broker applied for a dip for me through Nationwide on 02/03/16 which came back as 'accept' and a hard search has shown up on my credit file for this date. I now have 2 more hard searches dated 09/03/16 and 10/03/16 as well, so a total of 3. Broker said she hasn't done anything with the dip…
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What happens if you can't pay off a 100% mortgage?
Before people have told me that their was no risk when taking out a mortgage, but I think that there probably is risk as the bank wouldn't lend you the mortgage if there was none, I have found a mortgage online, the interest rate was around 5-6%. Is the 5% interest the percentage of the original loan or is it the amount…
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Help?! 1st Mortgage (10yrs ago), Bailiffs? Can they enter my own home?
Hello, Tricky one, but basically I got a mortgage 10yrs ago when I was 18, I moved out of that home a few months later as my horrid ex went to prison for sex offences. I tried my best to remove my name from the mortgage or take sole responsibility but was refused and have had no access to the house since. So now... I have…
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Some advice please...
My two year fixed mortage is coming to an end at the end of April. I am with HSBC and if I do nothing the rate will increase from 3.59 to 3.94% - about an extra 30 quid a month. My dilemma is that I have just put down a despot on a new build house, which I have been advised will be ready end of this year / Jan next. My…
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New landlord tax changes- bad time to remortgage?
My husband is in the forces and we live service accommodation. We own a flat which we let out, so that we're on the property ladder. We would like to buy another small house which we will use at weekends and school holidays. Our plan was to release some equity from our flat (around £35k), to add to our saved deposit of…
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Increasing mortgage borrowing
Hi all, I have a question which i think slot of you may be abke to help me with... i would appreciate some honest answers based on experiences. Im a homeowner and have been in my hne since jan 2015 thanks to the HTB scheme involving a 20% equity loan. In total ive got around £20000 debt and a home which is in positive…
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Catch 22 - buying a property with inheritance
Can anyone advise please. My sister has been a long term carer for our mum who recently passed away. She should have enough inheritance money to buy a flat for herself without a loan. However she cannot buy in advance and move into a flat as all the money is currently tied up in mum's house (where she is living). She is in…
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Help to Buy
Hi - can anyone please tell me - if i already have a help to buy mortgage - am i allowed to take out a second buy to let mortgage on a second property? I have inherited some money and would like to buy a second property to rent out. Response very welcome!
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CEMAP Study MAterial
Hi Does anyone have any recommendations on what study material is required or books to purchase? I'm looking at home study for CEMPA level 1 to see how I get on. Thanks S
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Nationwide Mortgage Application - Awful!
Hi, 3 Bedroom Semi Detached House in Hampshire - 400,000 Is anyone going through a mortgage application with Nationwide? Although we're with them currently, they seem to be extremely slow and inefficient at processing or playing nicely this time. Applying through an intermediary, but it seem to be nothing but hassle with…
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Deposit question
Hello, first post: I am looking to obtain a mortgage in the near future. I have a 10% deposit for the properties I am looking at. My parents, however, are keen to support me and are able to provide me another 10% as deposit money. However, this will not be a gift. They will give me the money on the condition that they have…
