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Credit checks in the 6 months before mortgage application
I've been going through my credit report, and the report mentions that its a good idea not to have any credit applications in the last 6 months before a mortgage application. Thats fine. When I try to get an agreement in principal, my broker will do a credit check on me so they have an accurate idea of what can be offered.…
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Mortgage for 3 people
Hi there, We found an amazing house and we’re trying to look at options that will help us with both a deposit as well as mortgage. Myself and my wife both work, but we still can’t meet the level of mortgage we need to purchase. Is there an option to also look to include my mother-in-law who has a good deposit, but is…
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Two mortgages on one house!
We are moving house but are in a fixed rate with 1 year left. The early repayment charge to get out of this would be £1,800. Instead of paying this charge and adding to our existing mortgage or mortgage advisor at yorkshire bank is telling us to stay in the fixed term and get another mortgage for the extra money we need…
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Taking over house/mortgage through divorce
Hi all, I am currently going through a divorce and have finally come to agreement with my wife that I will buy her out of our jointly owned house and take it all in my name. (This is our only issue in divorce) The numbers stack up and my financial adviser is arranging a mortgage for me. Before I go to my solicitor can…
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How do banks like you to prove rental income when applying for a mortgage
Hi all, Does anyone know -I'm applying for a residential mortgage and i wondered - how do banks like you to prove rental income these days? This is rental income from an unmortgaged property. Do i just have to provide bank statement showing the payments? Cheers, DC x
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Anyone remortgaging and NOT fixing??
We are just at the end of our 1.24 variable deal with tesco. We have always chosen variable 2 year deals and its worked out very well for us with rates mostly dropping. But i'm now unsure what affect the current political state of our country is going to have on rates and am considering a fixed 5 year deal. Is anyone not…
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School fees
Do I need to mention (and therefore take into account) school fees in my mortgage application if they're not paid by me (they are paid by my partner in full). I'm making a mortgage application in my sole name. Just been on the phone with a broker who wasn't sure.
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overpay which mortgage?
Help! I have brain freeze. I have two mortgages and want to set up overpayments of 200UKP pcm. I cannot work out which is going to save me the most money, although there might not be much in it. Both mortgages are capital repayments, on fixed rates. The big mortgage has a balance roughly 90,000, with interest rate of…
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Expat re-mortgage HSBC
Hi. I am a UK national but not resident in the UK. I am employed by a UK institution and paid in GBP into a UK bank account. 5 years ago HSBC provide me with a mortgage to buy a UK property (as a sole use UK residence; it is not let). It will be our family home when we return to the UK. The mortgage discount period has…
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Larger Deposit, Larger Mortgage?
Hi guys, is there anyone out there that can help me answer what I thought to be a relatively simple question, but that I now believe will probably have a relatively convoluted answer? I've searched the web for this but all hits come up related to interest payments, and that's not what I'm researching right now. This is…
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Finding a broker
My boyfriend and I are looking into getting our first home this year. He is Italian and has been living I the U.K. since August. I am aware that this will reduce the number of lenders who will lend to us as he hasn't been in the U.K. for a year. I have found a few brokers that have access to 90 lenders which seems a lot,…
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Rent a room mortgage
Has anyone got any experience/dealings with Bath Building Society’s Rent a Room Mortgage? Any restrictions on postcodes or who can apply? I have an offer on my house and am viewing a few properties this weekend, one of which would require borrowing a large multiple of my income. I’ve spoken to a couple of brokers but…
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Advice please
My son was offered a mortgage in principal by Santander.... After he had found one to purchase, they said they were now going to cease with the offer. They said they had found something negative in his credit records !All since been checked & nothing adverse showing on main 3 credit companies. What can he do? Advice PLEASE
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Deposit sources?
Hello I am in the process of purchasing a property and my original source for my deposit may have fallen through. I am currently trying to work on a way to raise another deposit option & had the idea of selling my car which should be worth around 10-12k. I ran this idea by my Conveyancer today and was told that the ONLY…
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Deposit size query
Hello, New to the forum :) can anyone enlighten me, how popular are 5% deposit mortgages now and what kind of credit history is required? Does it need to be squeaky clean perfect? We are in the process of saving and a 5% deposit would drastically reduce how long it would take us to get on the ladder. We will both have no…
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Mortgage offer extension problems - new build
Hi - long time lurker so be nice! We are currently in the process of buying a new build with help to buy. We originally exchanged contracts and got out mortgage offer in July last year but due to some delays with the build our original mortgage offer from aldermore (some past credit issues) expired yesterday. I contacted…
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Help required - Interest only with pension pot repayment
Hi all, I would be grateful if anyone could advise on whether they have had a lender approve a interest only mortgage on the basis of a future pension pot repayment? We currently have a FD offset, fixed rate for another year. We have sold and are buying a property and planning to put down 25%. Unfortunately FD only offer a…
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YBS payments in advance
Just wondering if anyone knows what's going in here before I spend my lunch break on the phone! So got my annual mortgage statement from YBS. In previous years I see my new monthly payment is reduced to take into account the overpayments Ive made throughout the year. Last year I moved house and took out an additional loan.…
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Mortgage Free, Options?
Hi, Id like some money to invest. Whats the best option? Equity loan? Remortgage? Flat is worth around £400k.
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Coming off the mortgage
My husband and Inneed to remortgage and borrow a bit extra for home improvements. Our current mortgage is in both names but as my partner is CIS we are restricted with the lenders available. We are using a broker and he has called today to say that as my credit score isn’t great it will only be accepted by taking my name…
