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Moving back into a BTL
About 18 months ago myself and my parter decided we wanted to live closer to work so we bought a flat nearby and set about renting our current house to a family friend. At the time we transferred our existing residential mortgage product from the house to the flat and took out a buy to let mortgage on the house. I am now…
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Can I leave my broker?
Hello, I am a FTB along with my girlfriend, we decided to use a mortgage broker to sort out out loan (after being promised the earth no less) and have since been let down and lied to by said broker. We were told that the service fee would be dealt with via commission from the lenders (which turned out to be false and is…
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5% Help To Buy Ending end of 2016, whats the latest you can apply?
Hi Guys, I just wanted to some info regarding the Help to Buy scheme which ends 2016, I have had a look on the website and it doesnt mention if there is a cut off. What is the latest you can apply? or is it the date that you complete? Its important as my probation period will be ending close to the end of 2016 so I need to…
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BTL Remortgage - Worth doing?
Hi people, Maybe no definitive answer, I currently have the following Skipton 5 year fixed BTL mortgage @ 4.29%. This ends in May 2018 (taken out in May 2013). The property at the time of the mortgage was done against a value of 120k (around 84k mortgage) A flat in the same block sold around 3 months ago for 157k, making…
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What's happens after agreement in principle?
Hi! So I'm going through the process of trying to purchase my first house. We have had an agreement in principle(200k) and we have a house we have seen. The house is on the market at offers over 99k. What is the next steps, I have contacted the mortgage advisor but they are out on site visits today so was just looking for…
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Looking to buy a house for the first time
Hi, I'm a 26 year old software developer currently earning £31500 a year. I have a 25 year old fianc!e who unfortunately has grown up with severe depression and self esteem issues and isn't working or studying, so my income is what we live on at the moment. I also get £300 of 'indefinite' Disability Living Allowance for…
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First time re-mortgage
Hi In November, my 3 year fixed deal with Nationwide runs out. As I will be applying for my first remortgage, I have no idea what the banks are looking at with regards to getting the best deal. I've heard the banks are getting even more stricter with regards to lending practices, what are they looking for with regards to…
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FTB Help please
Hi, So me and my partner have just had a offer accepted for a property I am seeing the mortgage advisor on Tuesday to sort it all out. Question at the current rates would it be better securing a 2 yr fixed term or 5?i think there's a 0.5% between the 2. After 2 we wouldn't have much equity anyway not enough to be in…
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Ahh I have done something stupid
So last week I went to view a repossessed property and decided to put a bid in immediately. I had read the home report and was sure it was valued at 90k so went in at 85k. However I have just realised I read it wrong and it was valued at 80k. I cant believe it was value so low - one in the same street with less beds sold…
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Buy or stay secured tenant??
Hoping I can get some opinions. At the minute I have a secure tenancy with a Housing Association in N.Ireland. Basically meaning I can stay as long as I wish providing rent payments are not missed. It's a 7 year old 3 bed semi in nice area with rent and rates of £480 per month. Have been considering purchasing a home as my…
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First time buyer with debt
Hi all, Could really do with some advice. My wife and I are looking to buy in a years time and have a healthy deposit and are in the H2B scheme too. I am concerned that we will struggle to get a mortgage as I will have around 10,000 debt (car finance) is this generally a big deal? Can anyone give me any words of wisdom or…
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Help To Buy with larger deposit
Hi! I've been reading up on the Help To Buy scheme but I cannot find an answer to this question. All example scenarios from all the lenders, and indeed the scheme's own site put forward the idea of you coming up with 5% deposit and the Government giving you 20% equity loan, giving for all intents and purposes you a total…
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Nationwide problems
My broker is due to apply for a help to buy mortgage though nationwide this coming week, I read something about big problems at the moment, should nationwide be avoided? My completion is June/July as a new build
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Need less mortgage than I've been offered - what happens to difference in funds?
Hi everyone, Got a question about the mortgage I've been offered. My wife and I are due to complete on our new house in April. We have been approved and offered a mortgage for 70% of the new house value - the rest is coming from the capital we have in our current house. As completion has been delayed, this means we have…
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Remortgage and possible loan
Hi all, Apologies if this question has been covered lots of times before. From September this year myself and OH can switch product with Halifax, currently on 2yr fixed at 5.9 as were FTB. We will be on a LTV of 80% I believe you don't have to go through checks again if your just switching to a different rate which would…
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Worth finding a broker or keep renting?
Would appreciate hearing from anyone who feels we may have a shot at getting a mortgage as if we wait much longer we are never going to be able to afford a house locally (only want a 2 bed, just really don't want to buy a flat) Applicant 1 earns 33,500 with 3,300 quarterly annual bonus (last 3 years been paid every…
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Remortgage
Hi I'm coming to the end of our 2 year fixed mortgage at the end of May and was wondering if it's to early to see a mortgage broker now or should I leave it for a bit longer. Cheers Liam
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Mortgage Broker Recommendations Glasgow Area
Hi I am looking some advice. My partner and I completed a Debt Arrangement Scheme in December 2014 and we are looking to find out our options in terms of mortgage availability now that we are expecting our first child. However, as a result of the DAS we both have 2 or 3 satisfied defaults each on our credit files from…
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Help!! Having a nightmare with Mortgage process
Hi any advice out there would be really appreciated! I currently own a property (2up 2 down) and looking to buy a bigger home as we've got children growing up. 3 months ago I re-mortgaged my current property to pay for some debts we had, which now is clear. I however have enough money left to pay a 10% deposit on the new…
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Looking for £25k
We are having trouble trying to borrow £25k either by mortgage or a loan. We own our property and do not owe any monies. My wife works part-time, and I am a LGV Driver doing agency work at the moment (this appears to be the main problem). Until I have a regular permanent position it seems impossible to go forwards. Can…
