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Should I stop using my credit card prior to a mortgage application?
I've been using my credit card every month to pay for my travelcard for work. I pay my card off in full, and I only do it so I'm using some of my available credit, which I understood to be a positive thing. Now I'm entering into the last ~6 months before applying for a mortgage, should I stop doing this? I'm concerned that…
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Joint mortgage owners split
Me and my ex girlfriend bought a house in 2007 with 10k from our business on a self cert mortgage, when we bought the house my mum gave as a gift of 30k, 10k back to the company and 20k for refurbishments ( my mum has recently passed away) and we lived happily for 2 years. Unfortunately we split in 2009, various things…
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Advise on mortgage offer + which survery to use
dear all I have just received the below offer through a broker and advised it is the best on the market. I am also being pushed to buy income protection at 18£ pm and will cover for 2k pm in case of sickeness. I have a 12 month policy via work so this kicks in after. I am sceptical whether its worth it? Property - 2 bed…
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Remortgaging unencumbered property
Hi, newbie here looking for advice on remortgaging our current property (now mortgage free, It's valued at around £450k) to enable us to buy our next property (downsize, it's valued at £285k). We'd be planning to sell this main property and move into our downsize property within 18 months to avoid the 3% additional home…
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Opinions on potential mortgage application
Afternoon all I'm after a bit of unofficial advice on my situation; my girlfriend and I are hoping to apply for a mortgage in September this year, but we're worried we won't get accepted anywhere (and I'll explain this in a minute). So it'd be a joint application, I earn £55k, partner £23k. This will, we hope, change…
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Can't insure my new build!
It's a condition of my mortgage offer that I have Buildings insurance in place before exchange, but every single company I've tried won't insure a house until it's built. Other companies won't recognise the property address as it's so new! What do I do? Does anyone know of any insurers I can use?
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Early repayment charge - Other factors to consider?
Good Morning all I have a question regarding moving my mortgage before the fixed term is up. I am exploring my options as my LTV has decreased by a noticeable amount since I took the mortgage out two years ago and my interest rate is quite high compared to current market rates. I have crunched the numbers, included the…
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Shared Ownership 50/50 Mortgage..
Hiya, I live in a Shared Ownership property which I bought 5 years ago after I split from my husband. I work full time but took out 50% ownership as I am currently paying lots for childcare each month for my youngest. Since the split I have met another partner and we are looking to move in together this summer. I currently…
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Interest only mortgage
We're looking to remortgage but want to stay interest only. Anyone know of anyone still offering interest only mortgages without you having to have millions in the bank? Thanks
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Mortgages Offer Received/Issued
Hi Looking for a bit of advice and clarity. We got our Offer on Friday for our mortgages and we spend the weekend looking at stuff we need to do in the house and before i go ahead and get carried away am i right in thinking that the bank can not withdraw my offer? or can they? Also do i need to contact my solicitor? or…
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What is Tesco finance definition of a new build?
Does anyone know the definition for this lender for a new build even where it is a refurbishment? Also how much work needs to be done before it will be considered a 'new build'. We have since lived in the property and not a developer.
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Really good opportunity that unfinished business may ruin.
Hello, Please would anybody be able to/mind giving me some advice? My ex partner and I are tenants in common on our property that I am am occupying with our 11 year old son. We both own the property. My uncle sold me the property at below market price to avoid capital gains tax (I didn't even know what this meant at the…
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HELP! BTL or pay mortgage off
Hello All, First time here and I need some help regarding property/mortgage. I am considering to see a financial advisor soon however I thought I'd get your thoughts on this. I am 26 years old and live with my father in London, we each own 50% of our flat and is currently worth around £300k with around £55 still owing. The…
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Likelihood of acceptance
Afternoon ladies and gents, Could any of you give me an idea of whether We would be accepted for a mortgage, 85% ltv required on £150000 property Combined income of £55000 Unfortunately I have a satisfied CCJ and 2 defaults from 3 years ago, however my wife's credit history is good. Should we see an independent financial…
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new build survey 12,500 under selling price for first time buyer help please
son is hoping to buy a 1 bedroom flat he has help from forces help to buy scheme. All was going well until the valuation of the property which is a new build and will be ready shortly. The valuation was by a local surveyor (Highlands) for Barclays bank mortgage one of the only providers that lend on 15% for new builds I…
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Confirming employment
Hello, So I have a mortgage in principle and have just applied for the full mortgage. I am wondering how the lender confirms employment apart from bank statements and payslips. This is because I heard it can take 4 weeks to complete but my boss is away for the forth week so won't be contactable giving me only 3 weeks and i…
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Kensington Mortgages application advise
We are in week 3 of our application and provided all outstanding documents and answers to questions. Does Kensington conduct an onsite visit (valuation fee paid 450) and will the broker know about it? Or do they conduct the valuation and we only hear back when they have an offer? Also, my adverse credit history is 6 years…
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New mortgage needed before default drops off credit file- aargh!
Afternoon all, I have a default that is due to drop off my credit file in mid-April (so would assume all agencies would be up to date by mid-May?) We want to use HTB and put our house on the market last weekend in anticipation that it would probably take a while to sell. However, it sold (in principle!) yesterday to first…
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Mortgage seperation advice pls- complex
Hello, Please can I get some advice? My ex partner and I are tenants in common on our property that I am am occupying with our 11 year old son. We both own the property. My uncle sold me the property at below market price to avoid capital gains tax (I didn't even know what this meant at the time, I was young). It therefore…
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Maturing Aviva Endowment for mortgage already paid off
My Aviva endowment policy matures next month. When I originally took the policy out it was with General Accident and was to pay off a mortgage on a flat. I sold the flat 16 years ago and moved into my current property and happily I was able to pay off the mortgage a couple of months ago. So as I sold the original property…
