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Credit checks from comparison sites - any issues?
I am arranging buildings insurance prior to moving house. Our mortgage application is in progress, we haven't exchanged yet. On uswitch.com I read the following message: I've heard about the difference between soft and hard credit checks, but I don't know how it works exactly. Could this activity on my credit record…
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two mortgages on one property?
i'm hoping someone can make this easier to understand i have a Barclays mortgage and plan to move house, i'll need a mortgage at least double what i currently have when i spoke to Barclays they say i can keep my current mortgage and get another, 2nd mortgage for the extra, so i'll have two different mortgages at two…
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5 X salary Mortage
Hello, My partner and I have found a house we have a deposit of £134,000 and need to borrow £226,000. We jointly earn £46,000 so very close to 5X salary of £230,000. Santander seem to be the only lender offering LTI at this level. My broker only deals with the main high street lenders and confirms this. Halifax & Natwest…
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Mortgage application / Lack of history
Hi all, My wife and I are planning to make a joint mortgage application quite soon. My credit history is fine, but my wife's only ever line of credit has been our joint current account overdraft over the last couple of years. The clearscore website says that a lack of credit card history can affect things negatively. So is…
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Solicitor/conveyancer fist or mortgage first
Hi Im trying to work out quite urgently the order in which things need to be done to buy my first home. Do I arrange the solicitor/conveyancer first or do I apply for the mortgage first? On a checklist for the mortgage I have seen that they ask for details of the legal team but I thought that each lender had a selected…
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Mortgage Advice - Reposted
Reposted: Hello, This is my first post but I have been keeping an eye on the forums for a while and couldn't quite see another scenario which matched my own. My partner and I are looking to purchase a new build home shortly after Christmas, as the plots we like will be released. We will need to use the Help to Buy scheme…
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How Long Before Remortgaging?
We are just in the process of purchasing our house through the council Right To Buy scheme. Because of my mum's age (78) I have had to get a personal loan so that we can do a cash purchase. I would like to remortgage to get a lower interest rate and monthly payments. My question is - how long after purchasing do we have to…
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pls help me decide !
Hello all, please help me decide what to do ! We have received a letter from our mortgage company basically inviting us to extend the term of our mortgage form the existing 11 years to 15 years. If we do this my DH will be 65 when we finally pay it off. Currently owe £62k 1.50% with first direct. Ive had a look at the…
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Should I close my mortgage account or leave it?
Hi, I am in the enviable position that I am able to pay off my mortgage with my savings. I intend on doing so but I am not sure whether to close my mortgage account or leave a small amount of money in the account. My mortgage is a flexible offset that I can withdraw money at any time from and the interest rate is very low…
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Completion day close to mortgage expiry date
As a hypothetical question (we could find ourselves in this position if our vendors solicitors don't pull their finger out), is it okay to complete at any point up until your mortgage expires? Or should there be a 'buffer' such as 2 weeks, prior to expiry to ensure that if completion doesn't happen on the agreed day, a…
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Mortgage advice - husband has defaults
Hi, I'm after a bit of advice really. I own my house with my ex-husband and understandably he wants his share now that I've re-married. We've agreed on a settlement figure for him but the problem is borrowing it. I have a very good credit report, 5/5 on Noddle and excellent on Clearscore. My new husband on the other hand…
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Buy To Let & Releasing Equity
Last year I moved out of my property and rent it out on a permission to let and moved to my girlfriends. I’m currently not on the mortgage at the new place. My mortgage is up for renewal and I’ll be looking for a Buy To Let for my property. I only have about 60k left on the mortgage and the property is worth 3 times that.…
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Re mortgage
Morning, We currently have a mortgage and need to do some work on the house so was looking at re mortgaging and adding on some loans that we already have which will hopefully mean bringing down our monthly out goings but would also double our mortgage and exceed our loans from 4 years to 12 years. Would we be better to…
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Confused by mortgage 'porting'
Looking to sell my existing property and buy another immediately (ie complete on same day). I have a old mortgage which has been ported already so I have 2 mortgages/accounts for one property. We have £50k equity and will be looking to borrow more than our current mortgage but just wondered if it's possible to get £10k of…
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Post offer solicitors
So I now have my mortgage offer, solicitors has requested the local authority search. The vendor doesn't have a mortgage and nothing has come up on the valuation or social conditions. So what happens next after the search? How quickly can we exchange? The buyers have found a house and they are mortgage free.
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Mortgage deal
Having had a look at MSE's mortgage best buy page (https://www.moneysavingexpert.com/mortgages/best-buys) it seems that there the first and second deals are better than the rest (H&R and HSBC. I say second because the SVR rate is better after first 24 months.) So my question is... why isn't everyone taking out mortgages…
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Will credit card make mortgage fall through?
I am in the process of buying a house for £200,000 with 10% deposit through a high street bank but really worried it will fall through. When I first wanted to buy the house I currently rent I spoke to an in store advisor who gave me an agreement in principle for a 10% deposit as I was expecting to pay max £180,000 leaving…
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Interest Only Mortgages
Hi, Hoping I can get some advice on our mortgage. Basically my father bought a house with an interest only mortgage about 10 years ago. The bank will require the mortgage to be repaid in full in about 5 years time. However my dad said he bought the house when he did due to property prices going up. I thank him for this as…
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Nationwide help
Hi, I've applied for a DIP with nationwide and have been declined. I don't know why, I've got no bad credit, I think it's because I've never had credit, how long will it take me to build up a good credit file? What do nationwide look at when they are making decisions ?
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House valuation higher than purchase price
We are buying our house off the landlord for 70k Mortgage valuation came back at 80k Which most people say they never put a higher figure than purchase price.. Mortgage advisor has said we wont have to put as big of a deposit down even though we was only putting the minimum of 5% down Does the valuation factor into the LTV…
