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RBS Mortgages - CRA's?
Hi, RBS have done a quotation check on just my Equifax file, no others. Who do they use for the full application and all checks until completion?
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8 months into mortgage - options on getting out
Hi All, In October last year I purchased my first house with my mum. I was struggling to get on the property ladder with no savings, and my mum had just split from her partner. So with my higher wage and her equity we decided to buy together which suited us both. She obviously covered the stamp duty and did most of the…
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Mortgage difficulties when your income is through property
Does income from property have the same value when it comes to calculating affordability for a mortgage as self-employment and employment income? I've been self employed most of my life life but 5 years ago invested in a business to build some luxury, architecturally designed holiday retreats (not merely purchasing a house…
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Realistic amount & Broker question
Hi all, So the OH and I are looking to move into our next home. When I've thrown in our figures into online calculators (high street lenders, banks etc) then the amount we can borrow seems disappointingly low. Would it be a better idea to go through a broker? Could they access more options for us? Nowadays is there…
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LISA access advice for Deposit...Help needed
An opportunity has arisen to buy a property I've had my eye on for a while as it has recently been reduced for the second time. I am keen to express an interest in purchasing, however my deposit funds are tied up in a LISA, accessible April 2020. I am not knowledgeable at all about house-buying and mortgages, so any help…
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Mortgage Application - Use of Middle Name Issue?
Morning All, I have a query please if someone can help me. I have a middle name that I don't use. It isn't on my bank account, driving licence or passport, but I believe it is on my birth certificate. I have checked Experian and Equifax and my past account I have not used it. A few months ago I checked checkmyfile and I…
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Can we view and offer before we meet with our broker?
We're booked in to see a highly recommended mortgage broker/ advisor on Tuesday 2nd July. We had to pick this date as my partner/ co-applicant has to book leave a month in advance. We've spent the past few months getting ourselves ready for a mortgage - clearing all CCs, building savings, conducting our current accounts…
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2 year fixed or 5 year fixed?
I am in the process of selling my shared ownership property and buying a house with my partner. The house is only a 2 bed and will likely only work for us for 3-4 years as we already have one baby and would like another in the future! Do we get a 2 year fix or a 5 year fix? Ideally we'd like to fix for 5 but I'm unsure…
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Remortgage if outstanding loan is below 40k
Not valid for my current situation, but post is to increase my knowledge What happens when at the time of mortgage, the loan to be borrowed is £40k or less? What planning should be done for such scenario? For example, should the term be fixed for a much longer period when the loan amount was above £40k? Any other thoughts,…
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Final check after Exchange
Hi all this is my first post. We have just bought our first home, we exchanged contracts today and the completion day is next Fri 28th. Our morgage is with Kent Relliance . Since recieving our offer 4 weeks ago, i have had to get a 5k loan (i had all my tools stolen and quite simply had no other choice) I am really worried…
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Remortgage valuation query
Hi everyone. Me and my partner are going through our first remortgage after two years in a new build home. The mortgage is with Halifax, and we’re looking to borrow an extra 10k to cover an unsecured loan we had from our old mortgage with Landmark. The valuation has been booked in for next week. We bought the property from…
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Mortgage affordability assessment
Hello I’m going to be applying for a mortgage next year and wondered how much was considered as part of the affordability test? I’m pretty sure that my pension, as well as expenses I’m unwilling to give up (eg. Insurance, phone contract) will be taken into consideration when calculating my affordability. However, what…
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remortgage and adding to debt
Hi There We are currently going through a remortgage application for our house which has been accepted and are currently waiting until the end of July to complete. We have had our credit check by HSBC at the beginning of the application and all was good. My wife however has seen a car that should like to buy for £3000 and…
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Credit card limit increase
Hi all We have recently applied for a mortgage and are waiting for it to be processed etc, already had AIP through broker so assuming a hard search was done. I have browsed these forums and a piece of advice given was not to apply for new credit after applying for a mortgage. My husband's credit card company has just…
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Wife has no credit history. Should I keep her off the remortgage application?
Longtime lurker, first time poster. I'm looking to remortgage and have a reasonable credit history. My wife doesn't have any. She moved to the UK 10 years ago and just never had a credit card or loan etc. I understand this puts most mortgage companies off, but she earns well above the national average each year, has been…
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Deed of variation (ground rent) referred to valuer for approval
Was meant to exchange yesterday, only to receive an email from my conveyancer informing me that the Deed of Variation for ground rent was "referred to valuer for approval" and will take 3 working days. (this was changed, as demanded by our conveyancer, from doubling every 25 years to being reviewed in line with RPI…
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Am I a first time buyer?
Hello! I've recently been transferred join ownership of my family home from my dad. i'm in the middle of saving up to open my help to buy isa, but i've been informed i might not be eligible for the isa due to me owning a part of the house. I cant find anything online, is this true? Thanks!
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Accepting mortgage offer before my survey takes place?
Hi, I would appreciate some advice. I have received a mortgage offer which states that I have a week to consider it before I need to take a decision. However, the survey of the house I am seeking to purchase is not taking place until a week after the mortgage offer deadline. I want to see that results of that survey, which…
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Tax year overview and tax calculation 2018-2019
Not sure if this is the right place to post this but was looking for some help/advice. My husband and I have been accepted for a mortgage and they have requested his tax year overview and calculation documents for the past 2 years which we have given them. However the tax year overview for this year is £153 less than the…
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paying off debt within 30 days of completing
Hi guys After a quick bit of advice. Part of my mortgage offer was paying off debts on credit card and mail order account within 30 days of completing. This was the plan anyway, so although we don't complete until 1st Aug I went ahead and paid it last week. Now had notification from clearscore of an upcoming change in July…
