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To buy or not to buy
Hi all Ok, so I bought a flat in 2013 and remortgaged it as a Buy to Let in March of this year as I was living in a rental property with my, now ex, girlfriend She has moved on and I am tied to the tenancy here until May at which point I had planned to move back in to my flat I've since been thinking that since I'm in a…
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DIP Query
Hi, I am a FTB and went to see a Broker last week. My friend used the same Broker and they said they were happy with the service they received etc. I went for a free consultation, taking all my paperwork (payslips, credit reports, etc). The Broker was pretty chilled about it all and we did a budget and the Broker seemed…
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Another gifted deposit Q
We put in an offer on a property just over what we had the deposit for (at the time) so my parents gave us £400 as a Christmas present to make up our deposit. But since then we have got the full deposit on our own so used my mums £400 + some of our own money to pay the survey fee would we still have to claim the £400 as a…
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Gift Deposit but not a gift help
Okay so long story short I'm self employed less than a year my girlfriend has a full time job we are buying a house house is £125,000 the mortgage is in my girlfeidns name only her montage my dad is giving us £40,000 as a gift with no monthly payments the mortgage was accepted but was lost in translation that my dad wanted…
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C&G Product Fee
Hi, I'm hoping someone on this Forum can help me. In 2008 a C&G Mortgage incurred a product fee of £995.00 was this fee relative to the amount borrowed?
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Deposit Gift
Hi, I have a bit of a weird question about gifted deposits. I have been given an amount from my parents, however I am not going to use the entire amount towards the deposit. I was given a cheque which was paid into my current account, but only the amount I will use for my deposit has been put into my deposit savings…
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Self-employed or normal mortgage?
Hi, please I am hoping to get some advice on here as I have just had a sudden panic on where or not am going to get a good mortgage. I have a full-time job but about a year ago I turned a hobby into a business selling hair accessories. So basically I have two jobs in a way. I have since then registered as a SOLE trader to…
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Applying for credit card and new mortgage application
Second question today! When is it safe to apply for a new credit card when buying first house? I want to get a card that offers a reward for spending a certain amount over the first couple of months. I figured that with buying my new home, there will be a large amount of spending I will be doing and see this as a perfect…
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LTV and Leeds BS
So we decided to use a Broker after taking advice here, very please with this decision so far... He took the relevant details to allow him to search the whole market and came back with what looks like a very good deal from Leeds BS, much better than the deal we got with Halifax.. However we looked on here for peoples…
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HSBC mortgage - interest rate decreased before signing
Hi all, HSBC approved our mortgage subject to valuation and we have now just got to go in and sign the paperwork and arrange our valuation. I have just checked the rates and they are now offering a mortgage with lower interest and a lower fee. Will the mortgage that I picked at the time be the one I now sign for next week…
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Guarantor mortgages
I know I will need to speak to a broker but I was hoping some members might have some knowledge or personal experience. I am exploring options to plug the shortfall in a remortgage to buy out my ex. I can afford the mortgage payments but can't borrow quite enough under the salary multiple rule. I have a couple of family…
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First time buyer - HSBC?
Hi all. First post here. I'll give some background - I've never given any thought to banking, different banks, whatever. I've had the same HSBC bank account at the small local branch my entire life since my mother opened it when I was around 5 or 6. I have my only credit card with them. My partner has banked with them for…
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Ways to inherit the right to buy
I am currently at university, I grew up in a council home with my single mum.. It's something I've always known growing up that I basically have no inheritance, however, my mum recently told me she has accumulated a 70% discount on her council home via the right to buy scheme on social housing, she doesn't have the income…
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Mortgage with a CCJ
Hi, I just wanted to share my experience. I have a 4 year old CCJ for £2700 that I obtained when I moved house and forgot to tell a credit card company. I only discovered this in 2016 when I checked my credit file with Experian, I immediately settled the CCJ. In January 2017 I applied for a mortgage with my partner, we put…
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Application for mortgage - second bank account
Hi A quick question from a serial "worrier" I'm afraid!! I currently have three bank accounts - one joint account with my wife, one sole account (from before marriage, linked to a great rewards CC so unable to close without closing CC) and another sole account opened solely for access to a free USD account last year…
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When to remortgage!? Help please!!
Hi everyone 😃 Our fixed rate on our current mortgage is due to end in March. Ordinarily I would be looking now for a new one... The issue we have is that we are hoping to put our house up for sale in the next couple of weeks. Even if the house sold quickly the chances of everything going through before then are minuscule.…
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Overpayment/savings question
Hello, New to the forum and I've signed up to seek abit of advice. Fresh to the mortgage scene and currently awaiting my first payment to go out, as of May 2017 i will have access to some savings of around £10k...my question is what the best method of pumping the cash into the mortgage to ultimately reduce the maximum…
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Any experience with the new NatWest Mortgage system?
Hi all Going through NatWest for our first Mortgage as FTB. LTV 69%. AIP via a broker. Full application is in and as it is under the new system they instructed a survey immediately. Also as we used a broker anyone know if this means a hard search was done for AIP? Following online tracker and it's gone from assessment…
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Buying ex out, shortfall
I was hoping to get some advice, recommended to come here by a friend. I'm hoping to by my ex out of our property, owned as joint tenants, after our recent split. However, I'm not on the highest salary (not that low either but in an area with high house prices) and in terms of income multipled by 5 (so best case scenario…
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Help!! Stuck with retention
Help!! We've just received our mortgage offer and it's come back with a £6500 retention due to quotes provided from the damp and timber survey. We are going to struggle to fund this and then find the money to do the work. The vendors have already dropped the price of the house by £5k, what's our next options??
