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Studio Floor space. The magic 30sqm.
Hi all, I know most lenders won't lend on a Studio with less than 30sqm floor space; my question is, is the bathroom included as part of this 30sqm requirement? i.e. is the total floor space that the lenders are interested in, a sum of the studio room, kitchen, and bathroom floor space? Or is there some rule that the…
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DipMAP or R07?
My recent attempts to return to being a mortgage adviser (after four years working in media relations) have led me to believe that I may need to boost my qualifications to get ahead of the crowd. I live in West Yorkshire, which seems to have more CeMAP qualified people than anywhere else (not surprising given that Leeds is…
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Outstanding mortgage figure
Hi, We're just about to apply for our mortgage online (HSBC) and wondered, what figure we put down for our outstanding mortgage. The next payment of £695 will go out on the 1st so do we put the higher or lower amount? Our current mortgage is with HSBC so they'll be able to see on our account the figure at the time it gets…
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Help needed
Dear all, I am a first time buyer wanting to use the help to buy 5% deposit scheme and have a deposit and also had a few AIP but when it comes down to getting the agreement people are saying NO?! I have a credit rating of 958 on experience and all people are saying is that because I have used compare websites looking for…
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Buying house with cash then releasing equity
First time house buyer. Having hiccups getting a mortgage as my partner is self employed with less than two years of accounts and I only earn 13100 per annum. As such, pooling funds with my parents to buy the house out right with cash with a view to releasing money on the property in a years time or so. Is it a case of…
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Mortgage application worries
I have a mortgage agreed in principle but I have just been asked for my last 3 months of bank statements which does have online gambling activity on it. Has anyone had experience with this and is there anything I can do to to help the mortgage being approved. (I have stopped all gambling activities since applying for the…
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Will my offer be withdrawn before completion but after exchange?
Ok, so I have already been up all night worrying about this. I'm so stupid, but I applied for a loan for some home improvements and to consolidate a debt and then decided afterwards to Google this and found every forum to say do not apply for new credit until completion! I naively (FTB) thought that once exchange happens,…
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Right to Buy Remortgage after discount period
Just looking for advice from anyone with right to buy mortgage know how. We bought our council house under right to buy 4 years ago. After 5 years the discount claw back period ends though we will have to offer the local authority the right to purchase back the property if we sell for a further five years after that. We…
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Separation - house/mortgage query
My partner decided to end our 7 year relationship and we are in the process of sorting out the house/mortgage. We bought the house just under 3 years ago as joint owners. He wishes to keep the house and take on the mortgage/sole ownership. We bought the house on an initial 3 year fixed deal mortgage. We are a few months…
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Mortgage application
I have a 2 hour mortgage application phone call tomorrow, im self employed (partnership) I have printed off my sa302s and will take my accounts as well but do they check all through the accounts or is it mainly sa302s they want to see? Thanks in advance
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Halifax and CCJs
Have just found out that my partner has a £150 CCJ from over 2 years ago when we applied to Halifax for a new mortgage this is not settled as its from a parking ticket in McDonald's. Will Halifax process this or point blank refuse the application? thanks
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Stressing! First time buyer with settled default
Hi everyone. thanks for reading. I'm a first time buyer applying for a joint 95% mortgage with my OH. Offer accepted last Thursday and application sent to Danske Bank on tuesday along with proof of income, proof of deposit, proof of ID etc. I've barely had a wink of sleep as I'm stressing about the mortgage being rejected.…
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House deposit from sale of a car
Hi All,I have saved up 30k for a deposit of a house. I sold a car about a month and a half ago for 5k. I was hoping to buy another car with it but haven't come across anything suitable so now I am going to deposit it in my savings account. Thing is I have found a house I like and I'm hoping to put down 35k as a deposit.…
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2 hour inspection on house for mortgage value
Been booked in for a 2 hour inspection on our house should we be concerned that they will try and devalue the price?
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Buy to let mortgage availability to non homeowner
Hello, I am looking to find out whether it is possible to find a lender who will provide a mortgage to a non homeowner on income from employment less than 20,000 annually. I have been a homeowner as recent as December 2015, it has now been sold and will fund a deposit of 30-40% on a new property based on house price of…
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Underwriters dragging thier heels
Me and my husband are currently waiting for the underwriters to give the go ahead after valuation. Every step of the way it's more questions. Now they have sent questions to the surveyors but didn't say what they were, does anyone know what sort of things they might be querying? I'm panicking now this is the only thing we…
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Earnings v Property Value
Quick question: Myself and the other half are due to sell our property this summer and will have paid off debt through the sale process. This means we will be debt free. Once sold we are going into rented for a short while so we are chain free. We envisage to have a deposit of 50,000. Our earnings between us are 93,000…
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How much do I need to save?
Hello, I am 20 years old, I earn £18,500 a year and have £1000 saved up at the moment. I live in Bournemouth so prices for properties down here are quite expensive. To get a little studio it will probably cost me around £120k from what I have seen. My question is how much do I need to save for a deposit and how much do I…
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Mortgage extension but potential redundancy
Hi I am looking to extend my mortgage (with the same lender) to have work done on the house. The additional mortgage amount is within the lenders parameters and affordable and so the application should be straight forward. However, my company has just announced redundancies and are engaged with unions which may or may not…
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First-time Mortgage Question
Hi all, me and my partner are planning on buying our 'first home' together and I wanted to find out any pitfalls or issues we should be aware of to prepare for these. Our scenario is below. I rent a flat (£500 per month) and I am classed as single occupant earning £21k basic and roughly £8k - £10k commission per year. My…
