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Gifted Deposit not from UK resident
Hi there. Me and my Wife are currently in the process of buying our first home - or trying to anyway - and we have come up against a potential problem. Our deposit has been gifted from my Mother who lives abroad. I sent her the Gifted Deposit form and she very quickly emailed me back pointing out it stated on the form that…
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Stick with L&C or find another broker?
We made initial enquiries with L&C and got an idea of what we could borrow based on their affordability checks. First issue is I'm not sure this is worth the paper it's written on, it's a lot more than we expected (and more than we need or want), I'm not convinced anyone would lend us as much as they are saying which puts…
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Mortgage application with overdraft history
I'm just about to go through a Mortgage application with Virgin Money. Only now i'm getting slightly nervous about the whole process, especially since i think i've been a bit silly with my banking habits. I'm a self employed sole trader and have both a business & personal bank account. My business account always has a…
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Location location location
I've watched a fair few property programmes and I am I utter shock of some of the budgets. As I still live with parents and would be difficult to buy a house and afford to live in it. Anyways I've seen a first time buyer couple who have secured a mortgage of 250,000 without even having a property to put it against. I…
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Bad news - now what?
So a bit of background, Around 3 years ago I was nursing student - I lost my bursary and things snowballed and I ended up with 3 defaults as well as 3 for my partner (borrowing money in hope my bursary would come back in time to pay it) - They're for small amounts the most expensive one was my phone bill at around £300. As…
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Council right to buy
hello I need some help if possible if anyone has been through this process or has worked in the field .... I can claim some discount on the right to buy scheme from a council property that I have rented for many years. I have been asked to look for a mortgage for the rest. I just wondered if the fact that there will be…
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Landmark - final credit check?
I currently have a mortgage with Landmark (previously NRAM, previously Northern Rock) I am going through a change of parties where I am removing my ex partner from the mortgage. All credit checks, bank statements etc have been passed, a formal offer issued, all paper worker signed by ex partner, all bankruptcy searchs etc…
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How much of the final money needed to start the process?
I’m a prospective FTB and in need of a little advice. For a range of reasons I’ve decided that I would like to have brought a house and completed by July next year at the latest but preferably the sooner the better. I’ve read various threads on here and done some research so I have a fair idea of the process. However,…
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Existing Help 2 Buy
Hello All, I hoped somebody may have come across this before or would be able to help. 12 months ago i was removed from my property that i bought back in 2010 using the Help 2 Buy: Equity loan scheme (20%) with my deposit of 5%. I was removed from the property due to subsidence from an old coal mine. The coal miner has…
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Endowment policy
Daughter is thinking of cashing in her policy which matures in two years No mortgage is involved she wants to buy a camper van. She has been given a cash in value of £9200 but was told a checque would take 28 days in which case this could change on the day of payment. She knows ots a risk but wonders if she should wait…
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Deposit query- house owned outright buying second
Hi, I currently own a house with no mortgage on it. I want to sell it and buy another but will require a mortgage on the house I am buying. In this case if I am putting the money from the first house towards the new one and getting a mortgage to fill the gap, do I need a deposit on the new house or will the sale of the…
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Can I get a mortgage with no job but £70k to make payments until a job is obtained?
I have a dark suspicion the answer is no, but to run over the situation... My husband has been off on long term sick leave for over a year. We can no longer afford to cover the financial losses of this situation and are preparing to sell our house and move to a cheaper area. I am currently pregnant (created during a 2…
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5% deposit - lenders with 1 month payslip or employers reference?
Hi all. We are looking at buying a property in the 130k range with 5% deposit. I have an existing property worth around 120k with a small mortgage of 48k payment is around £195pcm. I am looking to rent this out at around £525 per month as a pension pot. I have considered the extra stamp duty and costs of being a landlord…
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Applying with HSBC - too picky?
Hi all I'm a FTB who had an offer accepted on a property yesterday. It's £175k and I'll be looking to put down £20k deposit. I bank with HSBC and having had an initial consultation with a broker I was advised to stick with them due to their good rates on 90% LTV mortgages. However from browsing online I'm a little…
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Effect of credit card debt on mortgage
Hello everyone, Looking for a bit of advice / any others who have had some recent success just to see whether we are completely wasting our time or not. We are a married couple 27 years old. From foolishness on our part we hold our hands up and admit we had made some silly choices in the past leading us to have accumulated…
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When my fixed-rate mortgage deal ends, is it the same process to find a new deal?
My five-year fixed rate mortgage deal comes to an end in December so I'm thinking about what happens next. Am I right in thinking that these are my options: 1) Allow it to lapse onto my bank's SVR and continue as before (this will represent a rate increase for me, so not ideal) 2) Shop around for a new deal and apply for…
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Moving house with debt
Hi, Sorry I removed this post after reading more posts on this forum and realising I need to clear debt and get to the root of the problem before even thinking abut moving! Would a Admin remove or lock please?
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Should i get a loan as rates are so cheap?
I'm saving for a house deposit at the moment. I have £7k credit card debt at 0% which arose several years ago. I have just enough savings to pay this off, but as I'm putting the money away for a house deposit and the CC debt is at 0% for another 2+ years, there seems no value in wiping out my savings to pay off the CC.…
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Firt time buyer/mortgage
hi im about to buy my first home, this has all come pretty quick us having to buy a home as we were staying in my partners parents home which is now sold. they never lived there and we paid rent as any normal couple. basically they are gifting us money for a deposit and we are looking to buy anew build. my oartner has a…
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Title Deeds Query!
Hi all! We have a mortgage with Barclays for a house purchased last year. After the purchase completed, out solicitors sent the original title deeds to us (not copies) I've checked the land registry and they don't have copies of the deeds for our property. What does this mean in terms of our mortgage? The house was built…
