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Can you take a mortgage that's 'too low'?
OK, so I'm looking at buying my first house. We've been told we can afford a mortgage up to 210k, however that realistically speaking, we should aim for 180k, to preserve some quality of life. We've found a house that we both seem to like and it's on at 150k, so naturally we're being advised to lowball them at 135k with…
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Property not on land register
Hello, A little bit of advice please. We are in the process of buying a property and have been informed that it is not on the land register. Has anyone else been in this situation and do you know how long it takes to get the property registered? Thanks very much.
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Mortgage for 2 applicants
MSE, we are looking at buying a property for ourselves, but we are not sure about the rules around first time buyer mortgages. I currently qualify for a first-time buyer mortgage however the second applicant already has a property in his name. will we still be classed as first time buyers or would i have to be the only…
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Nationwide Credit Scoring
Hi I am a very nervous FTB who has been lurking on the boards for a while while I have been prepring to submit my application. Had a DIP from Nationwide 18/4/16 and full application submitted yesterday 19/4/16. Nationwide have so far requested no further documents. I sent everything needed over to my broker. He says its a…
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Need some information on how lenders deposit check works
Hello my partner and I have saved a good deposit recently in our joint savings account, but not being able to purchase a property for a few more months we chose to split the deposit to gain more interest in our own account. I wondered when we go for a mortgage what account would they need to see the evidence for the…
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3 days to completion - Ordered BT Line
Ok, so I'm now thinking I've made a major error. I complete this Friday. Last Friday I started to organise things for the house (it's vacant possession) - Insurance etc. I also ordered a BT line to minimise the wait after Completion for it to be installed. This obviously involved a credit check. My lender is TSB and I have…
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Clydesdale Bank Mortgage Timescale?
I was just wondering if anyone had recently processed a new mortgage through Clydesdale Bank? We've submitted our application via our broker and Clydesdale have taken the mortgage valuation payment from my account a couple of days ago. Just any information at all on how quick/slow they are these days? Thanks :)
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Can someone help me write a cohabitation agreement?
Me and my partner have been together 10 years, bought our house 2 years ago, but as my credit was bad we could only get in in his name. we pit £12000 of our own money as deposit and split half the mortgage, which come out of my account. I want to write an agreement as in a previous argument he said its his house as its his…
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Will, Storage & Trusts...
Hello MSErs! I haven't posted on here for years and could not remember my original email address so had to create a new account. I was wondering if you helpful folks could help me once more. My husband and I have contracted the services of Legacy4Life to draw a will. Now we have already paid for the normal basic will to be…
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Do we go for a large mortgage now?
Does it make sense to get the biggest (but of course affordable) mortgage now whilst we can? Allowing us to get a lovely big home to enjoy now and if need be later in our lives we can downsize. We are in our late 30's and in a fortunate position to put down £250k deposit. Looking at a mortgage of £200k He is on a good…
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Appetite for credit
Hi I wonder if anyone can offer some advice please. We have applied to natwest via a broker for new mortgage deal with additional borrowing as we have incurred debts whilst renovating our house. Our property is valued at £300,000 our current mortgage is £133,000 and we wish to add £50,000 to the mortgage. Natwest have said…
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Mortgage in underwriters hands
Hello This is the very first time I am visiting this forum and writing something, it's just that we are very worried about our mortgage application, as we need to move out within 1 months time and we are also going for holiday now, so need to get the decision very quick. The situation is as follows - we are buying shared…
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Calculate equity on existing shared ownership?
Hi all, I'm planning to staircase on my current shared ownership property where I already own a 50% share. I'm trying to calculate the equity in the property but different providers are providing different calculations! Any advice. For example: In 2009 the property was valued at 200,000 and I purchased 50% at 95% ltv with…
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Mortgage application
Hi We have been told today that we wont be able to get a mortgage by our broker because of problems on our credit file that says we have missed payments in the last 24 months. We have been on an interest only plan for a while 18 months ago and was late twice with a payment. We have an NRAM mortgage and it has been a…
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Mortgage Apllication
I'm applying for a Mortgage and I have two car loans (one is mine the other my wife) I need to clear one for the application. Does the mortgage provider only look at the monthly direct debit or do the take into account the size of the loan left to pay?
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Have I been charged the correct amount ?
Not sure if this has been asked before - I did a quick search but couldn't pinpoint anything but - how do I know that my monthly mortgage payments are/ have been correct ? I mean - the mortgage provider (NRAM formerly L&G) just tell me how much and I accept that and pay it. How do I know that they are not overcharging me ?…
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Can anyone help me understand?!
Hello, Had a meeting with a broker re: getting a mortgage. My understanding was that, if we had £40k equity in our house and wanted to buy a £240k house, we'd need a mortgage for £200k. I then asked how much we needed to have on top of the £40k equity figure (in savings, for example), to make sure that we had the funds for…
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Financial advisor
Has anyone had experience of a good financial advisor or mortgage adviser. Second time round buying and having same nightmare as last time. Get promised the world when In reality they can get nothing. House price £183k Deposit £45k One years self employed book's £32k profit can have second year sa302 same profit. Good…
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Buy to let - mortgage best buy?
Hi there, Me and my partner are looking to change the mortgage on our rented property. A few things to mention: * It's currently just in his name. He is potentially going to be made redundant but hasn't yet had this confirmed. * The current product is a C&G fixed rate 2 yr deal at about 4.6% with a consent to let. * We are…
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Local authority searches, timescale?
Just wondering how long this has taken for people's searches to come back? I know it probably depends on area but I'm curious. Mine were pretty quick (about 3 weeks I think) but I'm still waiting for my sellers ones to come back, which is the only thing we're waiting for to complete! They were sent on 1st April so I'm…
