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Success with less than perfect credit!
Just wanted to share my story for all those who are panicking about their mortgage applications! My credit history is anything but clear but i have spent the last few years trying to get it sorted out - and me and my wife have been saving for our first home. We found the dream house and put in an offer which was accepted!…
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Decisions, decisions.....
Hi All, In a nutshell my beloved mum passed away suddenly just over a month ago. We lived together in a housing association (council) property here in Liverpool. We have lived in the house since 1980 continually and despite my initial fears of a single-guy in a three bedroom house, I successfully succeeded the tenancy AND…
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Stamp duty
I need help. Looking to buy house . I already own a house abroad . My main residence is in uk where I rent . So if I buy house I would have to pay higher rate stamp duty but just looked on the gov.uk website and there is this : When the higher rates do not apply The higher rates do not apply to certain people, property and…
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Credit score and first mortgage
I’m a first time buyer, ideally looking to purchase a house to rent out as a student house. Found a good property around the £220k mark. I have 50/60 k deposit but my credit score is 398 due to lack of history, I’ve got 2 credit cards Amex and Halifax now and spending lots on them and paying it off. It was 298 only 5 weeks…
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I’ve previously been on a mortgage, can I still be a first time buyer?
Hi Everyone, When I was 16 (I’m now 27) my mum put me on the mortgage briefly to reduce her interest rates. I did not know at the time what implications this would have, I just knew it would help her. Does this mean that I am not classed as a first time buyer?
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ADVICE REQ: From 85% LTV to neg eq in a 5 year fixed term...
I bought my flat in Aberdeen with a nationwide mortgage. I am just over 4 years into my 5 year fixed term but going by the equivalent flats in my block, the value has dropped by £65k. A value that is around £6k less than my mortgage. As this has happened I have been happy to ride it out and hope that the area and prices…
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Any advice please nervous wreck here!
So me and my husband have applied for a mortgage with NatWest together he already has 2 properties one that we rent and the other we’ve sold to move however here goes...we passed the AIP with NatWest then when the full application went in NatWest noticed I had a regular payment going out to Westcot debt company on my bank…
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Will building society retain??
Hi all. We recently remortgaged on our current property with nationwide. My partner just came into some inheritance so we've decided to move. Found a lovely property valued at £170,000. Planning to port the £77,000 mortgage over. Nationwide requested structural, roof and heating reports. Findings: Heating is supplied by…
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Nationwide - Emailing Documents
Hi all, Is anyone else having problems at the moment with emailing documents to Nationwide as part of their mortgage application? Each time we send we get an automated email acknowledging the docs, but they don't appear on the tracker and I have to phone up to do a manual process. We've double checked that the email…
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NBS criteria for permission to let?
Has anyone recently applied to Nationwide for consent to let for existing residential home? Considering this to allow me to move to next home. what is the criteria for this?
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First time buyer - gambler
Hello all - needing some of your famed advice. I am looking to move out of family home but have been stopped over the years due to a gambling addiction which I initially quit in Feb 2016. After paying off various debts (including pay day loans) I began to save again. Then during last summer I began a two month splurge.…
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Consent to Let
Hello I'm looking for some advice. I bought a property in 2017. The mortgage (nationwide) is solely in my name. My mum lives with me and has done since we moved in. The current balance is 68k and my mum pays rent (£150 per month). My partner currently lives with their mum around 30 miles away. I would like to move in with…
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How long?
What is the avergage length of time it takes to complete a house sale......? No chain. Freehold. I'm remortgaging my current residential as a BTL and will release money for deposit..... BTL DIP with TSB. Sole application for new residential.... DIP with Halifax. Is it unrealistic to hope for end of May / very beginning of…
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Renting my house and buying another
I'm the sole owner of a £200k house and have just over £100k in equity. I have a stable job and earn £33k per year, plus bonuses. I'm considering applying to convert to a buy-to-let mortgage for the current house and buying a larger one in the same area, but am unsure how difficult this would be to do on one income. I've…
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Have you every moved jobs to another city whilst on a fixed rate?
I am thinking about fixing my mortgage for five years to get a good deal. I don't see myself living her for five years (even one year). I am told the mortgage is portable and I have an option of consent to let. I would be interested to hear from others who have moved jobs whilst on a fixed mortgage (requiring a house move)…
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Mortgage query
Hi all We had our house up for sale for 6 weeks but viewers were few & far between so not to risk losing our dream house we approached Santander with the view to mortgage both until our current home sold Mortgage offer through on Thursday with some of it on fixed rate as this was the portable section to avoid ERC and the…
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Does the mortgage adviser gets paid twice?
I am currently remortgaging. Is it standard practise for the mortgage adviser to ask for a fee from me and to also get commission from the bank providing the new mortgage? I thought it was one or the other?
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Kensington Mortgages Review 2019
Hello everyone, I thought I'd post this as there aren't many positive reviews on Kensington Mortgages and when I came on here and read what people had said, I panicked! So.. I will try and explain as briefly as I can, the situation I'm in and how I ended up having to go with Kensington. Sheer stupidity when I was younger,…
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Timescale GuessWork
09/03 Offer Accepted on House 11/03 DIP Approved 18/03 Full Application Submitted to Natwest 25/03 Survey Booked 27/03 Full Offer from Natwest issued TODAY Aghhhhh What do people reckon now timewise?? Chain wise this is where we are at We sold ours to a FTB (He is waiting for his Mortgage approval this week) Ready to move…
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Mortgage Issues
Hi All, I am looking for some advise , I have an interest only mortgage with Bank of Scotland , took out in 2006. Bank of Scotland have got me on SVR rate of 5.2% and it is crippling me , with mortgage costing me £1475 month for Interest only ( Mortgage is £321K) . Over the years mortgage has increased by £1000 pm. BOS are…
