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Single or joint mortgage application.
Hi! Myself and family have moved around the UK a few times due to job promotions for my partner so we have been renting properties. We have sold the properties we owned previously so we have no chain with buying. We’re now settled and staying put so we are wanting buy a house. Due to the moves and my son having additional…
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Training to become a mortgage broker
I'm currently looking at training to a mortgage broker. I presently work as a Photographer and have been working as a Museum Photographer for over 10 years. I'm looking for a change in career because of lack of progression and the need to earn a higher salary. I have a general interest in the property market and economics…
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Tens of thousands of mortgage prisoners could be freed as FCA looks to relax lending rules
Tens of thousands of mortgage prisoners are now one step closer to being freed, after the financial regulator began consulting on relaxing mortgage affordability rules, in an important step forward for MoneySavingExpert.com's long-running campaign...Read the full story: 'Tens of thousands of mortgage prisoners could be…
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Merging sub accounts
Hi all Just wanted to ask about people's experience of merging sub accounts. Is it something people would generally approach a broker about a few months before going on svr on both accounts? I ported a small mortgage as well as taking out a larger mortgage with the same lender. My larger account is fixed at a good rate for…
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Can a family member take out a mortgage for me?
Hi, My credit is shot and I’m struggling to get a mortgage. A family member who has no interest of ever being on a property ladder has offered to take the mortgage out in her name, and in 2 years time I’ll transfer it into my name. I know there are many risks here such as they will be liable, we could fall-out and what not…
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Mortgage application santander
Hi everyone, me and my girlfriend are in the process of getting a mortgage, we have got the decision in principle from Santander and will be doing a full application tomorrow, I have a current and savings account, I put £200 a week/£800 a month into the savings account and I can show the statements for that as well as the…
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Joint buy to let
My wife , who doesn't work lets out her flat which she had before we married. She is sole legal and beneficial owner. We've paid off the mortgage on our home and are considering buying a second buy to let property. Can we get a joint mortgage, possibly based on my salary, and put the property in my wife's name, I.e. make…
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Getting Back Early Repayment Charges After 6 Months?
Hi All, I'm new and hoping for some advice please! Any guidance would really be appreciated. We have a mortgage with HSBC, we signed a 5year fixed term in Sept 2018. We're now looking to move and can port our mortgage into our new property. Our sale is due for completion on 31st May but the new build we're buying is off…
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Hsbc mortgage app
Hi - have a question about HSBC mortgage application process that I’m hoping someone might be able to help with from their experience... Our application was approved but HSBC have requested some additional information due to fact that house we’re buying has leased solar panels. They want the following from solar panel…
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Part Commercial / part residential mortgage?
Hoping for someone to point me in the right direction. Currently own a house worth approx £225k. £40k left on the mortgage. Self employed for the past 18 months with a profitable business paying rent on a large storage unit of £1000 per month. Now with the tax year end just around the corner I am looking at the balance…
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Mortgage advisors - do I have a chance?
So I’ve been browsing the board for a while and I know that there is a few mortgage advisors/brokers on this board that are very knowledgeable and I’m wondering what the chances are of me being accepted right now or if I’ll have to wait a bit longer. Details of my application: I’m looking for a remortgage of my current…
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Mortgage valuations - how does it work?
Hi all Reserved our first property on Sunday - woohoo! FTB so this is all new to us Property price is 229,950, we are getting a mortgage of 197,000 (85% LTV). We are buying off plan so how will they value the property? Secondly will they just have to check that its worth 197,000, or 229,950? I've heard horror stories of…
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Help to Buy, or Not Help to Buy?
Hi all, first time poster on here and looking for some advice. I currently own a 25% share of my Grandma’s house with my mum owning 25% and my Grandma the remaining 50%. That property is about to go on the market to be sold, hopefully netting me in the region of £90,000. My original plan was to take a chunk of that cash…
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Overpay residential or buy to let mortgage
I have a repayment mortgage for my home and also a buy to let mortgage that is interest only. I am fortunate in that I can make an overpayment of about £2k in a lump sum and hope to make that payment each year. The question is which is better? Overpay the residential mortgage or the BTL? Any other landlords out there that…
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Appealing Santander decision
Has anyone had experience appealing Santander decision? I'm in the process of remortgageing as my deal is up on my current mortgage and am using the same broker that has done the last two mortgages for me. I've had a Lodger for the last 5 years which was declared on the application. Santander wanted to actually visit the…
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Not so straight forward situation
Hi I'm looking for some advice with regards to getting a mortgage as my situation is not the most straightforward! I'm currently on maternity leave and will not be returning to work until March next year. When I return I will be going back full time earning 23K a year. I wont have any childcare costs as my parents are…
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Freehold = license to print money
Sorry, not 100% money related but this forum seems to be full of knowledge. As a disclaimer: I grew up in Germany so I’m not fully familiar with the UK market. My question is: what are the financial obligations of a freeholder? It seems like he is “organising” a lot of things but not actually paying for anything, am I…
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Accord Mortgages
After our decline from NatWest on Thursday, our MB submitted an application to Accord. Does anyone know what the turn around normally is for them? I've tried to look online but can't see much unfortunately. I wasn't panicking originally, but I'm certainly starting to now!
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FTB Help
Hi all I'm looking for some advice and would genuinely appreciate any support from the MSE community, particularly as a FTB who is admittedly naive in how these things work. My fiancee and I have reserved a house with a well known home builder after securing an agreement in principle, via a broker, with a well known…
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First time buyer mortgage application
Morning all. My partner and I are currently looking to buy our first home and I have a couple of questions that I hope can be answered, particularly regarding my recent employment situation. We're in a reasonable position to buy... both late 20s, no dependants, 10-12% deposit plus spare for solicitor, survey etc. in the…
