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Credit cards with a mortgage.
Guys, This might be an odd question but here we go anyway. I currrently have 3 credit cards, with limits totaling £34k. 1 is my "in use" card which i clear each month. 1 has <£1k which will be clear next month. The last has £5k which will be cleared in the next 3-4 months. I will be applying for a mortgage in the next 6-12…
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First Time Buyer Questions
Hi all, My fiance and I have been saving for a deposit, we're nearly at our target. My question is, when is the right time to contact a mortgage broker? - should we have done this already? Should we wait until we have the full deposit ready? Also how much roughly should we set aside for any fees during the process? By that…
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Help with joint mortgage application please
Hi everyone me and my girlfriend have made a joint application for mortgage I have excellent credit no loans or credit cards my girlfriend has a year left on her car finance and 1500 on a cc. we are getting the house for 85000 and are giving a 5 percent deposit. We have passed all the initial checks and everything going ok…
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Springboard type Mortgages. ANyone know the in's and Out's?
Hi MSE, My parents have aparently decided its's about time myself and my Girlfriend get on the property ladder. Dad suggested after having a quick look of his options himself the Barclays Springboard mortgage as a way of him providing a deposit without having to just give me money. I understand the basics that he puts down…
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Do you have an emergency fund ? If so, what is it?
Just being nosey as I soon become a mortgage/house owner
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Options to force sale of house
I appreciate this question has undoubtably been asked many times, however everything I find either entiles a marrage or kids. Mine is neither. I think I know my next point of call but I'm trying my best not to go down that route due to cost and am more looking for whats best to get her to realise im serious about getting…
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Debt ratio for mortgage
Hi, I'm hoping someone can help me understand the debt ratio thing I keep seeing being mentioned. How do I work this out for ourselves? We have an appointment with a mortgage advisor next week and don't want to look stupid. I have googled it and just keep finding American websites. Thanks in advance
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Home buyer report and lender valuation
Hello All, I have two questions! Please do let us know if you could share your insights. Thanks for reading. We got our valuation done yesterday and also ordered for our home-buyer report from the same surveyor who did the lender's valuation. 1. Would the surveyor give the same valuation to the lender for the house which…
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Help To Buy Mortgage "Service Fee"
Hi there, My wife and I are looking to buy our first home, and we're hoping to do this using a "Help To Buy" equity loan mortgage for a new build. We had a meeting with an independent mortgage advisor last night for the first time, and during the meeting the topic of a "service fee" for the equity loan came up. He stated…
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First Time Buyer Help (Buying From Family)
Hi there. I'm looking for some advice/help/guidance regarding the following scenario: My partner and I currently rent a house from her father. He is looking to sell, and is happy to provide us with a deposit also. He's not out to make a profit on the house. I'm coming into this relatively cold - I've done some research but…
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Help to Buy vs Buy to Let investment
Hi guys, I was wondering whether If I use Help to Buy scheme (government equity loan ) would I be allowed to make Buy to Let investment before paying off government share? Is it regulated in any way? Anyone had similar experience ? Thanks
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Help to remortgage
I'm coming to the end of a 5 year fixed deal, I've never had to sort a mortgage out alone before so I'd appreciate some help I have a 5 year fixed rate of 4.39% with Santander which ends in July, currently I owe £84,841.44 and payments are £527.62, 25 yr mortgage taken out in July 2012 They have sent me a letter saying…
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FTB Halifax Mortgage - worried!
Hi All, Another worried FTB here looking for some reassurance/advice. We have just got a DIP with Halifax and will proceeding with the full application shortly. My only worries are that i have had some adverse credit in the past. Here are our details: House Value: 220k Deposit: 15% Salary: me 25k, partner 27k Outstanding…
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Our Nationwide DIP
Having applied for a DIP with Nationwide, and given our broker the latest outstanding balances on our credit card, NW declined our DIP as the outstanding credit they saw on our file was 'significantly' more than on the application. But we didn't know which credit agency they used or the exact figure they'd have seen -…
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FTB mortgage question
Hi all We have just had our offer accepted, we had an agreement in principle from our MA for 10k over what we got the house for :) Our payments for the higher mortgage amount were £765 so I have worked out for the lower amount will be about 720, we budgeted £900 per month for mortgage payments originally, our plan is now…
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Mortgage Lender's valuation report... not allowed to see it.
Hi all, As part of my mortgage application with Virgin Money I paid for the basic Lender's valuation report. All went well and I got the mortgage offer through quickly. I asked my broker to ask Virgin Money for a summary of the valuation report and was told VM declined to share it and that VM recommended I commission my…
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Solicitor tell lender we're expecting baby?
We've been approved for a mortgage and we've exchanged contracts. We found out recently, after applying for the mortgage, that my partner is pregnant. We were trying for a child and factored this in to our circumstances and we can still easily afford the mortgage - it's £60 a month less than the rent we pay now. Our lender…
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Whats the chances of Remortgage
Hi all, Looking for a bit of advice. I would love to remortgage and get a lower interest rate as I am currently stuck on a stupid varible rate with my current provider. The problem is my credit rating sucks and due to issues in the past I have a suspended repossession order. I am currently 3 and a bit months behind in the…
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How to buy my ex-husband's share of house?
Apologies if this is in the wrong section- it involves benefits, an inheritance, a divorce and a mortgage so I really didn't know where to put it. Basically, I am due to inherit some money from the sale of my late parent's house in the next few months. My current situation is that I'm a divorced parent and my income is…
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Shared ownership /Shared Equity confusion ? some questions
Here are some questions on shared ownership mortgages, Can you please assist as best as you can. Thank you x ....I am asking this on behalf of shared ownership and shared equity,.... would the answers of the 2 types...be the same for both types ? (shared ownership VS shared equity). ... are we getting confused with the 2…
