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Mortgage application with Belgian national in UK
Hello My wife and I will be applying for a joint mortgage soon. I am a UK citizen and my wife is Belgian. She moved to the UK and has been living here just over 2.5 years, has a uk bank account and permanent job here. Will the fact it hasn't been 3 years in the UK for her be an issue to the mortgage application?…
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Mortgage change of name
Hi We got mortgage in both mine and my wife name. we are soon finishing our fixed rate period. i would like to have the mortgage only in my name which would make my life easy as i'm in the process of selling my house and during the period my wife will be moving away to abroad. is it possible to change the mortgage to only…
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Proof of Deposit for solicitors
How far back do you have to provide statements with proof of deposit for solicitors?
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Shared ownership BTL?
Hi, I don't know if this is possible but forgive me. Could I purchase 25% of a house on BTL, to rent out? I am 99% sure this isn't allowed. I've seen a house where I'd only need to put down £3k deposit to own that amount of the house so just seeing if I can become a landlord like this? Ie, cheap enough then buy the rest of…
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Endowment Shortfall
Hi I'm new to the forum and this query will have been done to death I'm sure. Our mortgage endowment pays out in November and will leave us with a £9k shortfall to pay the full mortgage off in March (rest is repayment). 2 questions a) What would you do with the endowment money before March to get a bit of interest - or is…
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Mortgage after clearing debt
Hi I was Just wanting some advise / reassurance or I suppose stories of similar situations. We are looking to move home soon to a bigger place and apply for a new mortgage. I stupidly was in two overdrafts for the last couple of years paying a ridicolous amount of daily charges and also had a small loan which have all…
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Applying for loan before exchanging contracts?
Hello All, I am in the process of buying my first house with a £72k mortgage costing around £350 per month. My income is £2300 a month and I'm a first time buyer so affordability is well within the parameters. I need a loan of 15k to completely redo the house but am unsure as to whether it is wise to apply for the loan now…
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Transfer of Equity timescales
Has anybody gone through this recently as mine seems to be really dragging along? Bearing in mind our Mortgage provider says it should be 4 - 6 weeks and im about 7 weeks in and still think theres things to be done. For reference, I'm being taken off the mortgage following a split from my wife. Shes keeping the house and…
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How far back do Mortgage lenders look for payday loans?
I've had a string of Wonga's over 2 years ago. If I wanted to apply for a mortgage, how many years should I have clear of those before even applying for a mortgage?
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Being the owner of the flat but joint owner of mortgage?
I originally posted on the Buying and selling a house board however was advised to put the question on this board. Hi Guys, I am a cyber security apprentice and recently my current landlord wants me to leave by February 2019 as his girlfriend is moving in. At this point, my Dad and I were planning on buying a 2 bedroom…
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HSBC Home Improvement Loan
Good evening, My application for a home improvement loan has been accepted by HSBC. I am currently in the 7 day cooling off period. I am slightly confused about the process from here. As I understood it, the legal side would be undertaken by HSBC's team, as part of the mortgage. Am i correct or would I need to instruct a…
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Post mortgage questions
hey folks, Looking to find info on what steps should be undertaken when a mortgage has been cleared. My bank has given me a closing statement showing the balance as zero but they don't send out an info pack on whats next. I got a couple of different answers from staff when i went into the branch. The bank have said their…
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High Risk of Shortfall - sell or hold?
Hi, I’m looking for some advice on an endowment which I hold. I have 7 years left on the policy, which is a with-profits sub-fund. I pay in £70.24 every month and it was originally taken out to pay off around £42,000 of a mortgage. The current surrender value is approx £24k and the fund value is approx £14,600 (final bonus…
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Re-mortgage o/c of a self-build project: any recommendations?
Hello all, Pretty self explanatory title - should be completing a self-build project (barn conversion) within the next 5 months. Bridging/secured loan taken out to fund it. Weighing up options on completion ref. lenders to see if it is worth re-mortgaging to pay off that loan in a lump and taking advantage of better…
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Mortgage ERC & Overpayment Allowance
Hi all, Me and my ex wife are selling a property we own and is part way though a 5 year fixed rate mortgage so will be liable for early repayment charges of 3%. The outstanding mortgage £180K but we have an overpayment allowance of £18.5K. When it comes down to pay it off would I be expecting to pay the ERC on the full…
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Bad credit Mortgages
My partner and i are looking to buy our first home, I have a bad credit rating but my partner doesnt. Will we get approved for a mortgage through the bank ??
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Received a letter from Mortgage company asking how we intend to pay off our Interest Only Mortgage
Hi, First time posting :) We have a part repayment / part interest only mortgage. The majority on IO. Part of the mortgage finishes in 7 years and the rest in 15 years. The first IO payment is due in 7 years and is 50K and the second is in 15 years at £83K . The remaining 42K of the mortgage is on a repayment basis. Total…
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Mortgage agreed and moving place of work
Hi, my partner and i have had a new build mortgage agreed since 28th August - we are due to move in and complete on 24th Nov (or thereabouts) i am currently being chased to move jobs by a few recruiters. The new job if i get it will be on approx 10K more a year. how would this effect the mortgage, because i had to prove my…
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Mortgage with new job offer
Hi My partner and I found our dream house and managed to get an offer in principle, which was difficult as I am on a fixed term contract. However since then, and before actually applying, my partner has been offered a new job on substantially more money. It is a conditional offer so not a firm one yet, he has no sign of a…
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Can lenders consider min wage increase as a pay rise?
If your pay slips show you are paid minimum wage (hourly rate) can you essentially say you will get a pay rise in April for affordability?
