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Buying my first house
I currently live in a terraced house with my partner, which he owns outright (mortgage fully paid off). The house next door in the terrace is up for sale and I want to buy it. This will be my first ever house purchase, and I have got my deposit for the mortgage. I also have a permanent contract of employment. I would like…
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Remortgage now or wait till fix ends
As per the the title, I'm in a quandary as to whether to wait until my fix ends or take advantage of the really good rates currently available and whilst I still have my current job. Currently 19 months left on a 3.39% fix with the WestBrom. House is valued conservatively at £375,000 (neighbours just sold for £389,000…
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Buying the flat downstairs?
Could I ask for your advice? I am trying to work out whether something is a) possible and b) smart. In 2015, I bought the upstairs flat in an early 20th century terraced house. My downstairs neighbour told me recently that she is considering selling her flat now that her tenant moved out. Everyone I mentioned this to, my…
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Stop overpayments Natwide
Only asking MSE,rs before I start new reduced hours. To assist in making up losses 2days wages per week. What happens.if I call natwide to stop overpayments. Currently there is 1760 total overpayment. Last few months of 5yr fixed rate -18 remain term.
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Mortgage and tronc system
I am starting the process of applying for a mortgage (I am at a very, very early stage), but there is something that is troubling me. I work in IT, the company I work for is in the hospitality business. Basically, my annual salary is 30K, however part of this is paid by the Tronc system. That is, my net salary (what I get…
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A bit of advice needed about remaining mortgage
Hi everyone I am writing this post on behalf of myself & my parents. My parents have a mortgage with £19000 remaining & have been offered a settlement figure £4000 less if they can raise the funds. It looks like the mortgage company want it off their hands, I suppose as it's such a relatively small amount to be left to…
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Mortgage for second home flat
Hello, I have a bit of a situation with moving and jobs and wanted some advice. Me and my wife are looking to move to Yorkshire. I have been offered a great job in York but my wife has been told she can't move her job for about a year. We're probably going to go for us and the job I've been offered is to good of an…
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Equity release advice pls?
Hi all, So I'm trying to untangle my mum's finances (she's still with us, and in her late 70s, but not very good with the little money she has) and I found an equity release statement. I knew she took out the equity release on the property she owns (mortgage free), but was a little shocked at the current balance. She took…
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Renewing mortgages querie
Hi everyone My son has two mortgages that both run out of a 2 year fixed on the 31st April. One is a buy to let on interest only and the other a residential. He is just about to renew them when he notices in the papers that next Tuesday mortgages will be going down. He will have no problem renewing them, earnings wise, but…
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HSBC Mortgage Application / Underwriting
Hi Has anyone recently applied for a HSBC mortgage and should I worry (which I am doing) that it's been referred to underwriting for approval? I used to use my credit cards for day to day items (petrol, food, etc (for ease)) but paid if off in full each month but stopped doing that (6 weeks ago); I just use my debit card…
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noddle \ call credit daily update for free
Hi, This thread is linked to a separate post in another forum. I am in the process of applying for a mortgage and frustratingly realised that the noddle / call credit report only updates every 30 days, based on the date you first registered. In my case I opened an account on the 6th of the month - my most recent report was…
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Is this a good deal?
Santander mortgage 1.89% fixed for 5 years. No set up fees but £700 home survey. I would get 1% back every month so full £10 a month as an account holder.The mortgage will be for 5 years so no going onto higher SVR after. Anyone know of a better deal?was thinking 5 ye fixed as reasonably low rate and worried rates will go…
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Should I reduce credit card limit before full mortgage application
Hi, just looking for some advice. We have AIP through L & C for flat we have seen £89000 we have 5% deposit. We have Loan £160 per month. 2 x credit cards. Husbands credit limit is 3200 and currently has £2500!on it (0%) only used it for balance transfer. I have one with 0 balance but £7000 credit limit (this is with my…
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Santander unreasonable requests - advice required
Apologies in advance for long post. We are in process of purchasing a new house and are at our wits end with Santander who appear to be requesting every piece of documentation and forcing us into a situation where we need to pay 10k early redemption. :mad: We started application on 29/3/17 as I started a new job on 20/3/17…
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Getting New Mortgage
I currently have a mortgage of about £100,000 with a house worth approx £350,000. I'm self employed and if i got a new mortgage would i need to show earnings ? Currently that would be tough as over the last couple of years my earnings would be shown at below £15,000.
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buying new house before sell current one?
Hi, I wonder if anyone can advise me, I'm not very mortgage savvy having only owned one home and coming from a family which always lived in council houses! Me and my partner have overpaid our mortgage over the years and now own our house outright. I've had it valued at around £185k and it's in an area where properties are…
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KR Mortgage errors- Compo and justice at last!!!
Hi all I thought I'd share my good news story to help anyone out there who has had to fight their mortgage company or complain about their incompetence. My wife and I had a £1.2m mortgage with Kent Reliance (KR), initially a 2 year tracker. The bank incorrectly applied a higher interest rate to our account and thus…
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Halifax Mortgage
Hi Guys, This is my first post on here. Myself and my partner are currently in the process of buying a house. Our first mortgage got declined by TSB before valuation. We are now using Halifax. The house was valued on Thursday. I'm assuming everything went fine. Anybody have an idea of how long it may take to get an offer.…
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Getting a survey before making an offer
Hi, I'm a first home buyer and just viewed a property which fits my budget and looks good so I would like to make an offer. I don't want to make a mistake and rely completely on guided price from buying agent for the offer, how to get better (more fair) market evaluation before proceeding with the offer? Should I do a…
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Mortgage - Change in circumstances
This is entirely hypothetical but if a mortgage is secured on two salaries and then one salary changes, for example one of the couple goes from full time salary to part time, how will that impact when they come to remortgage? Apologies if this is a stupid question.
