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FTB Freehold advice
Im currently in the position of purchasing a home, I have full the application done with mortgage company and offered however the house we are buying is a lease hold, the vendor is buying the land and selling as a freehold as there is not enough time left on the lease. I have been waiting over 2 months since putting an…
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Credit card use before exchange and completion
Hello I have exchanged contracts on my new build, at the time of our mortgage offer my credit card balance was 400 I've spent another £1000 on my card (not missed any payments) I will have paid the balance in full before completion but will it matter if I am credit checked again that I have used my card? It isn't any new…
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Mortgage Declined Bank of Ireland
Hi all, long time lurker first time poster. We currently have a mortgage with the Halifax and are looking to move to a bigger home. We have gone through a broker (l&c) who recommended an app with BoI. Today however we found out it was declined. Had an AIP with l&c and I think it went as a full app to BoI. It was declined…
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HSBC mortgage issues
Hi all, have applied for an additional borrowing on my current HSBC mortgage as moving home- applied over the telephone end of January- still waiting for valuation to be booked as application with the underwriters- application lost for approx 2 weeks- no original documents have been sent back- anyone else having the same…
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What determines a valuer undervaluing...
If I opt for a homebuyers report - will this make the valuation more realistic versus a desktop/drive by valuation.... I am concerned my valuation will come back lower than the offer price....by a 1 to 5 thousand...
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Best ways to pay off Help 2 Buy equity loans?
My husband and I bought a home last July using the Help 2 Buy equity scheme, but I wondered how the bet way of paying it off is? Our fixed rate mortgage was for a 2 year period, so at the end of this time, it' likely we will want to remortgage - is this even possible with the equity loan? Could we remortgage for a higher…
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How long it takes to update...
I updated my address on the electoral roll last weekend as I've had to move back to my parents until July when my house has finished being built. How long will it take sites such as Noddle to change their information so that my new address is on there?
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Mortgage Chain Confusion - Help
Apologies if this isn't the correct forum but we're tearing our hair out stressing over this. So here's our situation. We are selling our current property, and buying a new one. Our buyer has paid his deposit and tells us he's exchanged for the sale, and we're waiting to exchange contracts for the purchase (any day now)…
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FTB Mortgage & Salary Increase Timing
Hi all Background: I am a trainee solicitor, currently earning c.£38,000. I qualify in early April, but will start receiving a higher salary (c.£60,000) as of next Friday. It is a permament position and I have a signed employment contract. Problem: I am looking to buy a house outside of London with my girlfriend. She earns…
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Chance of mortgage being withdrawn
Hi all, first time posting but long time follower, was hoping for some advice. I'll try to keep it brief. I am currently purchasing a new build property. Formal mortgage offer in place, contracts exchanged and 10%transfered. No set completion date as new build. After selling and moving out of my old property I have been…
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How on earth do you go about actually buying a property!?
I'm currently at the stage where I've found a lovely little maisonette that I like, I'm hopefully going for a viewing in the next few days. My question is, what do I do if I decide I want it? I understand that I should get a mortgage in principle, but then what? Do I seek out a solicitor to take care of my offer and…
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Shared Home Ownership Acquisition...
I bought a newly built house in 2014 with a friend for the value of £145,000. My friend at the time didn't have a good enough credit rating to get onto the initial mortgage so the mortgage was acquired fully in my own name to the value of £108,500. There was a plot reservation fee of £500 and an initial deposit of £7250…
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Wanting to remortgage but I've got a DMP.
Hi I hope someone can help! I'm on a DMP through excess personal loans, I have never defaulted any payments. I share a home with my husband and children. We want to remortgage to a lower interest rate and release some of our equity to build an extension to the side. We were told years ago that we wouldn't beable to to make…
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15% deposit new build lenders
Anyone know of any lenders who will accept 15% deposit for a new build Broker can only come up with Barclays
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Joint Mortgage as a PHD researcher
Hi all, My partner and I are beginning saving for a joint mortgage. My partner is on 26k pa. in a full time role and I am doing a PHD on 14k pa tax-free. By the time we come to look for a mortgage we will have a 25k deposit looking for around 95k to borrow over 25 years. I have approached a leading mortgage advisor ( L&C,…
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Question: Gifted Deposit, Increased Amount
I am a FTb and have had an offer accepted on a flat. My MB has sent off the application form and has sent me the Key Facts illustration, outlining the interest rates etc and a form for a Gifted Deposit, as some of the deposit was generously donated by my mother. My mother reviewed her finances and says she could spare a…
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HSBC Mortgage Application Timings?
Hi all, Has anyone else applied for a mortgage via HSBC, would you mind sharing your timeline with me? I am trying my best not to be a nervy FTB- but it isn't going very well! Many thanks, RA
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Is a mortgage possible?
Hi all, My wife and I are council tenants with right to buy on my council flat. We are hoping to buy it but are currently on a debt management scheme to pay off about £30k of credit cards and loans. This means we have a load of defaults on our file. The flat is worth roughly £250k and we qualify for the full £100k…
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Do lenders ask for all current accounts bank statements? (matched betting)
My partner has become a permanent employee so we can now search for a house and apply for a mortgage. My question is whether lenders will want to see bank statements for every account we have? Basically, my partner was using one of his current accounts for matched betting so wondering if we can avoid providing statements…
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Mortgage For Company Director
Am in a pickle. I own a limited company and from there pay myself a minimum salary and also my wife although this is more for tax/NHI reasons. We also draw a small divi which usually takes our combined income to between 20k-40k/year although the company earns around £50k/year. That leaves it tricky for me to get a mortgage…
