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Remortgaging to Natwest - Valuation Question
Hello I'm applying for a remortgage/moving my mortgage to Natwest through a broker, and wasn't sure about the valuation process. I've seen some people say they do a 'drive by' (also says it on here: https://personal.natwest.com/personal/mortgages/remortgage-to-natwest/free-val-legal.html), however I've seen some posts…
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5 years left on mortgage and I wish to remain on Interest only mortgage
Not sure if anyone can advise me on my options but my mortgage expires in 5 years time and I am on interest only mortgage and wish to remain on this until end of term as I am not earning sufficient amount to pay it off as I work on zero hours contract, some weeks I don't work and on others I might work 5 hours and total…
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First Time Buyer - Fixed Term Contract
Hi All, I was wondering if any of you could give us some advice/assurance: My partner and I are looking at buying our first home (a new build between £160,000-£170,000 - currently unsure between two styles). We have approximately 9.5k saved in two ISAs and a regular savings account and plan to use the HTB loan. Our current…
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Joint application question
Hoping to apply for a mortgage soon but my husband and I have different credit scores / history. I'm wondering to what extent my poor history will impact our application. If we apply and it's declined because of me I'd naturally feel bad. Then If we were declined and he applied as a single applicant he might be turned down…
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BTL criteria - tenant both student and "family" of landlord?
Mainly a query for the brokers... My girlfriend will soon be starting a university course, which will be distant from her current abode so she'll need a place to live. As we suspect many landlords/agents will object to the combination of her pets, children and student status, we're considering whether I can buy somewhere…
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Almost in my first house!
I'm at that awful nail biting stage where I have my mortgage confirmed and I'm waiting for the searches to come back and then whatever happens after that. It's been a tough 5 year journey trying to sort out my credit file but I really owe it to MSE forum for all the advice on how credit files work. I'm due to pay off a buy…
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100% mortgages
Are they still available for first time buyers?
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Over pay mortgage or save to pay HTB equity loan
Hi I was wondering what's the best to do. About to buy a new build with HTB equity loan . £127995 purchase price £12800 deposit £89000 mortgage £26000 equity loan Approx figures We keep going round in circles whether to save the £26,000 over the next 5 years and pay the equity loan off first in full if possible Or just…
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bad credit - help to buy scheme - what rate did you get? who with?
Hello all I am new to this forum and i am currently prospecting for a mortgage. I used to have a good credit profile until I defaulted on an old credit card (low) balance (because of moving houses a few times, I never received any letter...). This balance was paid as soon as I was made aware. Consequently, I have been…
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End of fixed rate - guess the new payment?
Hello, I am looking for some advice. My fixed rate mortgage came to an end and I received a letter with an indication of what the new interest rate would be. But, I was not told how much I should pay. Due to a previous error, I cancelled the direct debit and instead called monthly to make a manual payment and apparently…
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Give up buy to let to keep family home?
Any advice on the below greatly appreciated. I have a family home which I bought with my ex. She has now moved out into rented accommodation and the plan was to sell the house and split the proceeds. However, it has now occurred to me that its a nice house in a good location and it might be worthwhile keeping it (buying…
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Overpayment calculator help please
Hi, I have a mortgage in 2 parts with 12 years 2 months left to run - amount owing is £60,970. Part 1 is a tracker currently @ 1.04% for the rest of mortgage Balance £21,387.76 Current monthly payment £157.03 Part 2 is fixed rate currently @ 3.44% until Jan 19 Balance £39,582.24 Current monthly payment £349.09 Im making…
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Barclays mortgage application
Hi there I just have a couple of questions regarding Barclays mortgage process. Can anyone tell me what their policy is on length of employment? Eg will they lend when in a new job or does it have to be following probation? I am aware that it varies between lenders. Also, we have received a letter from Barclays which just…
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Long-term funding for an uninhabitable house for the plot.
Hi, Me and my partner are looking to buy a plot of land at auction to build a house on in the future. The land does currently have a house on the plot with running water and a kitchen and bathroom (although they are not in a state that anyone would want to use cosmetically) the house has not been lived in for three years…
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Let to buy mortgage - how to get around stress tests?
Hello. We have moved to a rental property in Dorset for better schools, want to hang on if poss to our house in Brighton, it’s a great investment and the rental income is £1800 per month. We also don’t want to lose a base in the south east in case we want to come back (jobs etc) We have £700,000 equity in the house. Would…
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Mortgage with leased solar panels?
Hi i hope someone is able to shed some light on our situation, We found a house for sale that had solar panels on that are leased We love the house and after talking to the vendors it seemed fairly straight forward and we were happy anyway we put an offer in that was accepted and have got so far through the purchase and…
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Help to make a house purchase in 2018 do-able
I have a target of being able to purchase a property, house or apartment, by the end of this year. But, I know it will come with difficulties because of some outstanding debt and adverse credit history. Some background info: - Income: £45,000 (only just started this new job, which has 3 months probation period) - Debt:…
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FTB! 100% mortgage retention !??! Help PLEASE
Hi guys, Really hoping you guys can help me out on this... Sorry it's long!! Soooo FTB here...after searching for what seemed like forever found a house! Offered asking price - buyers accepted but refused to take off market (offered additional £2k for this privilege!) Circs...family are dealing with sale as owner passed…
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Help to Buy LTV Help
Hi everyone, I was just wondering if anyone knows the answer to my question. I'm wanting to remortgage to pay off my Help to Buy equity loan at some point in the future, and I'm aware that you need a certain LTV to be able to do it. However, do mortgage lenders calculate LTV based on the 80% equity of the house you own or…
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Have I messed my chances up for 3 months
Hi all FTB here are pretty inexperienced about the whole thing TBH. I am looking to buy with my girlfriend I earn £33500 basic but cleared £47000 with overtime and shift allowances my girlfriend earns £11000. We have seen a house we really like for £220000 and we have a 5% deposit saved up. The problem is that I like to…
