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First time Buyer - Few Questions
Hi All, So me and my partner (ages 32 and 29) are looking to buy our first house. It would be a joint mortgage application. Total earnings approx 63k. We went to see an adviser at Harrison Murray recently, and just wanted to get some opinions on what we were told. 1 - It seemed like they were pushing for 30-35 year…
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Mortgage for house in concrete?
Hi, Just wondering if anyone has a mortgage for a house made out of concrete and with which bank? Barclays has sent a surveyor who stayed 10 minutes and reported the house was made out of concrete so it's out of their policy. But I saw on their mortgage criteria that only some concrete types are problematic so I'm…
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Travel Costs on Mortgage
Hi folks, I am looking to try to get a mortgage later in the year. The online calculators vary quite drastically when estimating what I could potentially loan, and I am worried that my travel costs mean its not going to be possible. I will see an mortgage advisor in April, but would like to know if I should be expecting to…
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First time buyer, career break overseas
Hi all Planning on career break
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S.w.a.p.s
Hi All the lib dem party leader mentioned the above when he came back into the party I think two yrs ago, does anyone have any information as to, is there any court cases or changes in the law? I think this is not a PPI claim, completely different Thanks.
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Joint ownership sole mortgage advice
Hello all, I hope you're all well. I was wondering if you could offer some advice on whether the below is possible. My wife's nan passed away and has left her property (mortgage free) to five people. My wife now has 1/8 of the property and estate. She would like to use this as a deposit to buy some the property,. Two of…
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Life After Payday Loans
Hiya, Been a rough couple of years but having bounced round a few places i found a job I am happy with and can see myself being in it for the long haul. As of this month I have paid off my credit card and I am clear of the payday loan cycle (a fair amount of them) I was caught in for quite a while. I am now at a turning…
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Mortgage Interest Rate
Morning Everyone, Just a quick question, we are going for our first mortgage in the not too distant future. To help me budget monthly payments, do we get the interest rate on the mortgage product that we apply for on the day or whatever the rate is on said product once the house purchase completes. Thanks in advance
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Is a credit card necessary for a mortgage?
Hello, I am right at the very beginning of my house buying journey, my partner and I know absolutely nothing about the process so are trying to educate ourselves a bit before we get the ball rolling. I had 100s of questions really, but the first thing confusing me is regarding credit cards and mortgages. Both my partner…
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Recourse on poor mortgage advice?
Hi everyone, i really hope someone can help. Around 15 years ago my father passed away suddenly and my mother went to her Mortgage lender to pay off the joint mortgage. During that face to face meeting, the bank convinced her to pay only some of the mortgage off and leave a balance, i don't know exactly how they justified…
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Endowment Mortgage - any tips please?
Hello All We took out our first mortgage in 1984 via a self-employed broker who has now long since gone bust/retired/deceased. We were strongly recommended to take out an endowment which given our age (21) and circumstances (I was in the public sector) probably wasn't the best advice? The mortgage was with Middleton…
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Remortgage with Co-op - Have I been had??
This is just a rant really, but maybe someone can advise..... My fixed term deal with Co-operative bank is coming to an end at the end of May, by which time only 28 months’ payments are due until the mortgage is paid off. Including the overpayment fund I have calculated that I will probably owe c£8,500 at the end of the…
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FTB mortgage advice
My partner and I are both first-time buyers. We recently did a soft-search mortgage application to see roughly how much we could afford and it was much less than we had anticipated. Especially when comparing to friends and family in similar circumstances. So I did a full mortgage search with Habito and to my surprise, was…
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My rights to mortgage now I'm a single parent
Hi, Firstly I hope I have posted in the appropriate place. I am desperately seeking advice in regards to my mortgage. Me and my ex partner (not married) have separated, we have 2 young children and currently we are all living in our house which we own on a joint mortgage. He works part time + some self employed, and I work…
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Financial Ombudsman Service
Hi. I have a problem with the Financial Ombudsman Service. After raising a complaint against First Complete mortgage advisors (Reeds Rains) regarding the shockingly poor service we received from them i was told by the FOS that because the mortgage product was a buy to let they could not investigate as the product is not…
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Mortgage for first time buyer
Hi all, I’m after a bit of advice. My husband and I are currently trying to get a mortgage for a new build house we have found (first time buyers). We are hoping to use the help to buy equity loan. The house we’ve found is a new build and the developer states in order to get the free legal fees we have to use the broker…
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Increasing my mortgage
Hi, my fixed 2 year term ends next month. In the 2 years since buying the property, it has increased in value by roughly £40,000 I like the idea of increasing the mortgage by £10,000, meaning it will be £79950 in order to pay off a Personal Loan and a Car i took on Finance. Option 1: (Pay off all other debt, Car/Loan)…
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Remortgaging with £14k cc debt
My boyfriend and I have owned our house for almost 5 years. Our mortgage comes up for renewal at the end of August and we'd like to release some equity in order to make some renovations to the house. My boyfriend and I have really good salaries, so the current mortgage is more than affordable. However, since having a baby…
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Starting to lose faith with mortgage application
Hi again all So here is my timeline I'm really not feeling at all positive now. 31st Dec- offer accepted on house 4th Jan-AIP with Kent 8th Jan- full application in 14th Jan- underwriter wants latest accounts for 2018 so we then wait until end of month (we're company directors) 5th Feb- they are submitted by MA 6th Feb-…
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Starting to lose faith
Hi again all So here is my timeline I'm really not feeling at all positive now. 31st Dec- offer accepted on house 4th Jan-AIP with Kent 8th Jan- full application in 14th Jan- underwriter wants latest accounts for 2018 so we then wait until end of month (we're company directors) 5th Feb- they are submitted by MA 6th Feb-…
