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Less than 12 months UK employment
I've just discovered that Coventry require 12 months continuous employment history for a mortgage.. Is this a common requirement? EDIT: Tesco do not have this requirement. They want to see a full history, but will accept work abroad, and short gaps. However it takes quite a lot of hanging-on to get that information. Is…
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Paranoid first time buyer
Hi all, This might come across as silly to some but I am in need of some reassurance. My partner and I have had a full mortgage offer from NatWest for a new build property that is due to complete on 31/07/2017. We are exchanging in 2 weeks. I have a fear of losing the full offer after exchange of contracts which from what…
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DMP plus new mortgage ?
Hi, I have 7k on DMP and am selling current home after separation. I will have a 40 % deposit after paying off DMP. What are my chances of getting a mortgage over 10 -12 years at age 55 ? What would happen if I rented until retirement and where would would I then live ? Any advice greatly appreciated ! R x
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Moving out But want to keep my Flat
Hi, I was hoping someone could help me out. I had a look through the forum and couldn't find an answer to my question. I have had my flat for 4 years now and plan to move in with my partner later this year. I want to keep my flat, but i don't have any plans to rent it out as yet. A family friend is going to stay in it for…
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Halifax product fee
I am a first time buyer and currently in process of arranging a mortgage via broker on a London help to buy property. The amount required is £157k. Out of the options given to me by broker Halifax is coming up the cheapest with 1.34% APR. But the product fee is £995 plus valuation etc for a total fees of £1500 which seems…
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Lender proof of earnings for DPNI scheme
My situation is that I work for an overseas company with no UK presence, and therefore pay PAYE directly from my own account. For this purpose HMRC have set me up in the DPNI scheme, which creates an employer on their records purely for reporting PAYE. However since I pay PAYE directly, I'm informed lenders will see me as…
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Being brought out
hi all, my ex is wanting to take over my share of the mortgage. Do I legally need to know if they are taking over the mortgage at the orignal buy rate or the house price of the property recently? The house has gone up in equity and I'm not really sure what I should be asking? She is also saying I have to pay her rent? I…
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Mortgage / new job and notice period
Hi all, I am just about to exchange contracts on my house and hopefully complete in a couple of weeks. However, my working situation is causing an issue. I would like to hand my notice in and leave my job but I don't want to put my mortgage at risk. I know the obvious answer is to not make any employment changes at this…
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Help for my mum
Hi there, My 59 year old mum was made redundant from her job in July 2016, but did not receive any redundancy money due to her very short tenure in the role. She has been looking for work ever since then, but has suffered from chronic back pains over the past 15 years, and has been diagnosed with fibromyalgia which has…
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Remortgaging advice needed!
I've just had notice that my current mortgage deal is coming to an end, so I now want to shop around and try to get better rates. I've had a mortgage for 13 years with Santander, am now in my second property, direct debits from day 1 etc, so Im a good customer. BUT... I've recently started stoozing! So in the past 6…
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Gifted mortgage deposit using an unsecured personal loan
Appreciate any feedback on this please. I have just submitted joint mortgage application along with my spouse to Halifax via a mortgage broker. I have my deposit covered but going to get a gift (about £ 10K) from my brother to cover stamp duty and other costs which may incur during the process. However my brother source…
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FTB - Proof of deposit, long term savings
Good morning - my wife and I have had approx £30k in savings for over 12 years. These savings were built up and added to when we received bonus' etc but it's been a while (probaby over 10 years) since we paid anything in. My wife stayed at home whilst we've had a family so we were getting by on my salary alone and…
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Re-mortgage after bad credit
A few years ago we got into a situation where we were almost bankrupt. We arrange a DMP with our creditors and paid this for over 5 years. I was then diagnosed with cancer and we were paid out my life insurance which we used to pay off all of our debt, plus a loan attached to our nothern rock mortgage. We paid £10,000 off…
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mortgage condition - pay salary
If a bank lender providing a mortgage insist on salary being paid into one of their bank accounts and the bank get into trouble, would the customer be entitled to pay the salary into a different bank? Or would this breach the mortgage condition even in those circumstances?
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Gifted Deposits
Hi, I have a question around gifted deposits. My parents have very kindly offered to get secured loan against their house to help with my deposit. This would be gifted to me rather than loaned. I believe the solicitor will ask to see proof of where the money came from for money laundering purposes. Will this be a problem…
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Buying Ex Partner out - without cooperation
Myself and my partner bought a flat 5 years ago. I put in all of the 10% deposit and we had a deed of trust stating that it would be spilt 60 / 40. The property has increased in value and there approx £190k equity. We agreed I would buy her out. This was going well and as the spilt was amicable I transferred approx 75% of…
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decision in principal..
Hello, first post here.. I have just received a decision in principal for a house at a value of £197k I have since found a house at £207k that we would prefer. My decision in principal allowed a mortgage of £173,800. Is it possible for DIPs to be amended? Would the bank possibly allow a bigger mortgage for a bigger house?…
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Overpayment calculator at current total
I was wondering if anyone knows of a mortgage calculator that i can use at my current total. I am 2 years into my 3 year fixed rate mortgage and want to overpay more than what i do currently, every tool i've found so wants the total at the start of new mortgage product and not a running total. I've tried my current…
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How the heck do you find a decent broker?
So, we're on our third mortgage advisor (recommended by a friend after rubbish advice from the first two) who had all of our details 2.5 weeks ago. We have both chased via phone and email numerous times. At the end of this week, after multiple questioning of what had been done I saw two hard searches on our credit files…
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What's involved in a product transfer
Hi, About a year ago my brother and I took out a joint residential mortgage. Neither of us were able to take the mortgage out by ourselves hence the joint application, however my brother has comfortably been making the payments by himself and he expects to continue to do so. The mortgage is currently on a 2 year fixed…
