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Nationwide Timescales
valuation has been done on house, they are saying it takes 5 days for it to get checked!!! that seems long? does anyone know what other checks are done after valuation. Thanks all
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lease exentions
Hi I live in a flat and my lease is currently 68 years so i need this changed. My solicitor said I need to contact the freeholder myself and negotiate a lease and price but i know nothing about this? how do i know which lease to get ? do I organise and pay for a survey? I'm told i can change the lease to 99 years with no…
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continuing my fixed rate
My fixed rate comes to an end this Sept 2018 and I've just left my job to travel on and off. my mortgage broker has said this is ok as he will be able to get the bank to just roll over my existing mortgage with them on a new fixed rate without wage slips but it will just be a higher rate than i had before. can i approach…
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Debt to income ratio calculation
When it comes to calculating debt to income ratio, I understand it's a case of working out the monthly amount of debt and dividing by my gross monthly income to work out the percentage. How is this calculated for someone who is self employed because you have to provide last 2 years earnings rather than your salary? Would…
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Shared Ownership Staircasing
Hello, I hope someone can please help me to determine whether I can staircase on my property or provide advice on whether I should stick at 50% for the time being. My circumstances are as follows: 1. I originally bought 50% of my property where the full market value was £377,250. The mortgage is now £96000. 2. I would like…
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Credit after exchange but before completion
Hi, I have just exchanged contracts on a new build due to complete in July. My mortgage is with Halifax but was offered £50k more in principle than I actually took out so repayments are far from breaking the bank. I'm looking to get a car on Personal Hire Contract (24 months) as my current one is on its last legs (£9k…
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Mortgage with bad defaults?
Hi there, i am after some advice. Me and my boyfriend are looking to get a mortgage together. His house is currently on the market and he has excellent credit and earns £38000 I on the other had have poor credit. No CCJs, IVAs etc but many many defaults (mainly to do with ex husband but no point going into that). I earn…
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FTB mortgage with gambling on bank statements
Hi, I know this has been covered countless times but I want a little bit more information from people that have been through a similar situation. Me and my partner are a about to reserve a house off plan, the mortgage application will have to be submitted towards the end of march. The problem being that when I submit my…
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Hassled over interest only mortgage
Hello I'm getting hassled by Mortgage Express/Bradford and Bingley over an interest only mortgage. They keep sending letters asking how I'm going to pay it off when the term expires. Which I've filled in and returned, twice now, but they keep writing back saying they havn't heard from me. They also keep sending letters…
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First Mortgage aged 49 ex Bankruptcy Help Needed
Hi Folks, almost 13 years ago I went Bankrupt and was in a bad way. I have been building up my credit history and a couple of years ago started a Help To Buy ISA which I now have £6.5k in. I have a few other debts like a Credit card(0% 5k to pay) and a car loan (for my son still owing £6200 over next 16 months) I'm coming…
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CeMap
Hi, I am in the process of starting to study for my CeMap qualification. (waiting for my study material to arrive!) I have just had a quick look at a couple of mock papers online and I am now terrified... surely I can’t be the only who has looked at the mock papers before studying and not had a clue what the questions…
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Trying to get a mortgage with a 20k personal loan!
Hi all I'm new here and looking for advice or to hear what others have experienced. It's a long story so I will try and summarise. We are first time buyers. Currently we earn no less that £2300 each month. Sometimes more because of bonuses. We also get £45 weekly additionally. The house we want to buy is a shared ownership…
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Re-Mortgage with bad credit history
Due to no fault of my own I find myself with bad credit history, which only come to light last August. Basically to cut a long story short, a family member has ran up debt in my name in the form of a loan and a credit card, by using a old bank account I didn't use. I disputed this with the bank as a act of fraud but…
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Overpay or shorten term
Hello, Im due to remortgage when my current 5yr fix funs out in May so im starting to look about and get prepared. My current term left at the end of this 5yr fix will be 22 years - and on the fix i currently pay £617.65 per month Currently owe approx 113.000 and my LTV will be around the 60% mark. What would be best -…
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First time buyers with future income
Help needed please. Me and my other half will be graduating University in July and want to get on the property ladder ASAP. We have both got graduate jobs lined up but will not start working until September. In terms of a deposit we have roughly £8000 savings between us and then family have kindly offered to lend money to…
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Mortgages and Adverse Credit
Good morning all, I'm currently renting a house. My credit history is not too great. An ex partner took out accounts in my name which he didn't pay in 2013 and 2014. The latest default was December 2014. So they're all over three years old. He also managed to land me with a joint CCJ which they didn't give until 11/2015.…
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Kensington Mortgages and 2nd Charge
Hi All, Looking for some advice if possible. We are in the process of hopefully selling and buying our new house but seem to be getting some confusing information on our existing 2nd Mortgage. We are going through Kensington due to a couple of late payments in the year and not managing our debt very good as in always pay…
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Equity Release Early Redemption Charge
My mil is selling her house (husband died) to come and live with us (can’t drive and is isolated, can’t manage stairs very well so she’s building annexe in our garden) She has a lifetime mortgage. The initial loan was £25000 the interest so far is just over £50000. It’s high but not surprising, however, the early…
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Mortgage offer - got my name wrong
Hi all, Halifax have issued our mortgage offer today. And I don’t know if this is a massive issue or not but they have got my name/title wrong. They have addressed it to Miss -First name Middle Name - Surname Rather than Mrs - First name Middle Name - Surname I gave them all my ID showing married name and a marriage…
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Mortgage Advice Please
Hi, I am a first time buyer so I am new to this. But would really appreciate some advice please. I have done some Mortgage Affordability Calculators online. The best one came up with me being able to borrow £174000 from Nationwide. I have also been to see a Mortgage Broker and they came up with £169000 using the same…
