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How long after valuation to mortgage offer?
Hi, so I've been searching around for a rough timescale but can't seem to find anything recent. Me & my partner are planning to buy a new build house which is due to be ready in August time, our financial advisor has applied for a mortgage through halifax for us and they said the valuation is due to take place tomorrow so…
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Mortgage in Principle
Hey! I was wondering if anyone had an advice to help me with this... We have had our mortgage in principle and a house offer accepted, the mortgage has now gone to the underwritters and they are dropping the amount we can borrow by £23,000!!! They have not given a reason for this, it seems they simply do not want to lend…
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Mortgage advice RTB
Hi all, I'm looking for some advice please on getting a mortgage. I have used my RTB and received an offer letter of £48000 house valued at £107000. I have a £20000 deposit. So we need a £30000 mortgage. My husband 54, who is working full time and on good wages £32000 year, but credit score is not the best but also not…
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Lender checks spending behavior after accept mortgage?
First, I'd like to apologies for the same post. Please someone help me with this. My mortgage application has been recently succeeded with Halifax and I am currently in the conveyancing process with solicitors. 1. Is there any negative impact on my mortgage release, if I send some money [like £ 150-200] using my current…
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Reduced joint mortgage for sole income
My girlfriend and I are at the beginning of the process of looking for a property and are trying to work out what we can afford. We intend to purchase as tenants in common with me paying for my share of the property in cash whilst she will get a mortgage. Now as I understand it the vast majority of lenders require us to…
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Help to buy equity loan help!
Hi all, Just after a quick piece of advice if possible. I am looking into buying a New Build Flat under the Government’s Help To Buy – Equity Loan Scheme. - The property is priced at £150,000. - I have a deposit of £15,000. - I also have an agreement in principle with a Mortgage Lender of £105,000. - This means I require…
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Help needed!
My mortgage application has been recently succeeded with Halifax and I am currently in the conveyancing process with solicitors. 1. Is there any negative impact on my mortgage release, if I send some money [like £ 150-200] using my current account to my dad who's living abroad? [using worldremit service] 2. Will lender do…
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Insurance when mortgage term changes
Hi guys, Quick question; I changed my mortgage term from 25 years to 5 years as we had a windfall and increase in income. Do I need to change the terms of my decreasing mortgage insurance as well, or keep it to the 25 years? Or would I be best off to cancel the insurance and get a new one? The guy who arranged all of this…
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Renovate bathroom on credit before remortgage
Hi all, Me and my wife own the house we live in and our 2 year fixed deal finishes in Feb next year. Our bathroom is in DESPERATE need of renovation, we moved into the property just over a year ago and it was a complete refurbishment job. Did everything except the kitchen and bathroom (kitchen can wait a bit longer - not…
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Mortgage Anxiety x1000
Hi I am a first time buyer and me and my husband have found a property, offered and it has been accepted. Now we are in the middle of mortgage application which is giving me major anxiety!! We have a 15% deposit available and are getting a mortgage from HSBC as they have the best rates for us after spending time shopping…
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Gifted Deposit from Girlfriend and GFs Parents
Hi I have had an offer accepted for a home for £141k. MY deposit is £21k but is coming from my GF and her parents as a gift. They are both more than happy to do this. My GF will be living in the house also. We have a Mortgage in Principle but have not formally applied yet. Is there likely to be any drawback from having…
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First time buyer - help to buy scheme
Hi all, Looking for a bit of advice, my partner and I are looking to buy a new build home, using the help to buy equity scheme. Where we stick 5% down and get 20% equity loan tax free for 5 years. We have circa 20k deposit and looking at a house in the region off 300k. My gross salary is circa 65k however my wife is…
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Nationwide Mortgage
Hi This is my first post, we have applied for a mortgage with nationwide through a mortgage broker. I have had a few calls for info and looks like valuation of property is due to be arranged. Is this normally a good sign, or is this just process
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Halifax Mortgage experience?
Hey, So we are using a which? broker who has suggested due to our circumstances to go with Halifax for our 145k mortgage. We are in the process of getting all the papers together for the broker/mortgage app but I was just wondering what people have been asked for typically by Halifax? So far we have:* Passport ID x2 * Both…
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First time buyer advice
Hi Me and my partner are currently renting a property which runs until October this year. We are both first time buyers and neither of us really know how to go about applying for a mortgage. We both have help to buy accounts with a combined total of around 8k. Question is when do we apply? I've been told an aip only lasts…
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Porting mortgage
I need new mortgage as downsizing to new property. Went to see current lender and was surprised to be told I could port my mortgage, 1st time seller 2nd time buyer.. I have a relatively small mortgage, which after porting, would leave £200k to pay on new property, my sale would enable me to pay this and still have a fair…
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Experts please - Transfer of Equity totally messed up
Hi all, I could do with some expert advice on this one, as its a bit of a mess!! In early 2015, i did a transfer of equity to have a previous partner removed from the mortgage. I went through the standard ToE process with a solicitor and after several weeks this was completed successfully. I have all letters in hand, all…
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Discrimination against Armed forces personnel
I am currently serving in the armed forces and applied for my first mortgage through HSBC. I have saved up a deposit of £40 000 and wish to purchase a house valued at £130 000. During my phone call with the mortgage advisor, he asked me about my future plans. I mentioned that I have done 9 years and I'm currently on a 24…
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Self Employed Help!
My partner and I have recently applied for our first mortgage. He is self employed and has just in the last 8-9 months opened a second business. What I need to know is how does this affect the mortgage application? We have submitted the last 3 years SA302 forms which only include income from the first business as the…
