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Offer and AIP
When making an offer on a house the Estate agent normally wants to know that you have the funds available so want to know a mortgage agreement in principle has been obtained (or have you get one from their in house broker) If your AIP is in excess of the amount you intend to offer wouldn't the EA just pressurize you to…
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Non standard construction mortgage possible??!
I'm interested in buying a house which is non standard construction. Does anybody know how likely you are to be able to get a mortgage for such a house? I'm not sure what construction type the property actually is, but the Rightmove address is: rightmove.co.uk/property-for-sale/property-59059100.html (not allowed to post…
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Prep before first mortgage application
Hello, I'm planning to apply for a 250k max mortgage in the next 6-12 months, hopefully, it would be great if I could get a little bit of guidance from you knowledge people :) This is where I stand at the minute financially, what would you recommend I do to make the application easier? Current account with £3000 overdraft…
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Settled charging order mtg application
Hi I am hoping to settle a charging order and hope to apply for a mtg. Has anyone any idea how long I would need to wait until applying? The debt is 8 years since default/ccj but I have only just been able to secure enough funds to pay it off (partially). I was hoping to apply over the next year. Thanks for any help or…
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FTB with PDL history...
Hi all - would good to get some advice pls. My girlfriend and I are planning to buy our first home together this year or next. We have a combined annual income of £60k, a deposit of £60k and are looking at a property at about £260k so will be borrowing £200k. We both have 'excellent' credit ratings on Experian and Equifax,…
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Will be applying for Mortgage - But had Pay Day Loan in 2013 - will it affect me?
Hi, Question is really straight forward: I will applying for mortgage soon. I have 0 in debt (all credit cards paid, etc) for a year or so. My credit score on Experian shows "good", and in the ClearScore - 500 (indicating as Soaring High, LOL). I have got AIP LLoyds 3 months ago (and it expired, but no circumstances…
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Mortgage a very run down farmhouse
Just wondered if anyone can help me here, I have recently viewed a run down farmhouse which is set within a farm that hasn't been used for a few years. I understand the property was lived in as recently as 3 years ago however now requires work to make it habitable. The property is set within 60 acres of farmland, the roof…
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Graduate Overdraft & Mortgage Application
Hi, looking for some advice on the use of 0% overdraft whilst getting a deposit together for a house. Currently I have a 2k overdraft facility with my graduate account and about 18 months left with this overdraft before it becomes a standard account (graduate accounts with bank last 3 years). My question is if a house were…
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Selling house ..new mortgage advice ?
Hi guys I am selling my current property and am looking to buy another property and the possibility of maybe moving now my current mortgage to a new property for around the same amount . I am currently with Halifax for the last 6 years and have never missed a payment . However at this moment in time I have some credit card…
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Will I get high street rates?
Property value - £280000 deposit - £90000 ( from equity in current home) Mortgage required - £190000 LTV - 68% Debts - 1 car on HP @£179 per month. No other debts Never had a CCJ or default but.. Multiple late payments from 2 years ago. The most recent being March 2014. Never more than 1 month late and all for unsecured…
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BTL mortgage possible?
Hi there, we are a married couple in our mid-60s, income from Pensions of about £25k per year. We have a mortgage-free bungalow that we live in, and a mortgage-free investment flat that we bought for £85k just after Christmas, bringing in an income of just over £500 pcm. We have seen another flat in the same development,…
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How long is a mortgage offer valid?
I know I am asking something nobody can give a precise answer to but let me outline a few (hopefully helpful) details* OH and I have currently owe 50k on a house valued at 475k * We want to have a large extension built and have submitted plans * We are getting builder's quotes and they are saying work wouldn't start until…
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Equity release wannabe
It's long, bear with me. I'm a 69 year old recent divorcee living in rented, waiting for matrimonial home sale, 50 per cent of proceeds. No kids, siblings or other dependants, zilch. I've decided in principle that equity release is right for me. I have in mind a lifetime mortgage product that lets me pay interest on a…
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Tracking natwest application
Hi all, We have applied for a mortgage with Natwest through a broker. He doesn'tseem to be updating me with its progress - should we be able to track it online? As far as I know we've never been given a reference number for the application. I guess I'm asking is there any way to find out the reference number so I can see…
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Shared Ownership mortgage with defaults?
Hello, I'd love a bit of advice please. I am desperate to own my own home again after my marriage broke down. My husband stopped paying a joint loan when we separated which I couldn't afford to pay so the bank defaulted the loan and closed and defaulted my sole account with an overdrawn balance. These defaults are…
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2nd mortgage question
Hi all, I have a question about what options i have in regards a 2nd mortgage. I am 40y/o married and earn around 53k per year and own my current property outright with a market value of around 160k my wife does not work and we have around 10k in savings. I would like to buy another house for my parents to live in as they…
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Loan To Value
Hello I am currently buying a house. It is currently above asking price by £10,000 on my offer. Others in the area have gone for the amount we have offered and more! So still a good deal. What I am looking to know is in regards to my mortgage. If the house is on the market for £240,000 and my offer is £250,000. Is my…
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Able to port a mortgage with Amber homeloans if I make it in their interest?
Hi. I took out a mortgage with Amber homeloans in 2007 when I had a very successful business. Took out a self certification interest only on a 250k property. 12 months later the recession hit I lost my main contract and ended up bankrupt and driving a taxi. Fast forward to now and after some very hard years I finally am…
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Switching mortgage vs savings
My mortgage balance is £39K and my introductory rate has now ended and switched to 4.74% so I'm looking to switch to another lender. I have a Santander 123 account which pays 3% on my balance. I believe I can get another mortgage with a rate of 1.5%. My question is, should I take some money from my Santander account and…
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Help with an IFA
Hi everyone I'm not sure if this allowed but I wondered if anyone could recommend a good IFA? My circumstances will be as follows: I am commission only I want Help to Buy Equity Loan I have some old arrears on a closed mortgage account (over 6yrs old but still showing due to the stagnant account) Other than that, my…
