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Mortgage and income
We have got a mortgage in principle however at the weekend we start the application process. We have to give three months bank statements. My worry is that my last two payments were quite low but as from October they have gone up. When we got the mortgage in principle I told them my new monthly amount. As it will show two…
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Basic (for you guys) First Time Buyers Questions
Hi folks, Firstly, my apologies as I appreciate these are probably very basic questions, for you. I'm looking to entering into a mortgage, I don't have anything lined up property wise, or spoken to a mortgage adviser yet. My questions are around the pure basics, of working towards a mortgage and purchasing a property. 1. I…
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"Remortgage" with the same lender
Hi there. I'm coming to the end of a 2 year fixed mortgage. I met with my broker and agreed to another 2 year fixed deal with the same lender. The application was accepted immediately by the lender (instantly), however my broker requested to see 3 months bank statements stating it was FCA guidelines to keep this…
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Interest rates, looking ahead
I noticed this on the BBC website today, under the Business Live section... 13:54 Rate cut needed if Brexit delay The Bank of England will probably need to cut interest rates if Brexit is delayed again, according to Gertjan Vlieghe, who sits on the Monetary Policy Committee. "A scenario of entrenched Brexit uncertainty is…
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What do do when you're mortgage free?
I'm sure this has been asked a million times, but I thought I'd ask from my personal perspective. If all goes to plan, I should be mortgage free on a 4 bed house at the age of 32 or 33. I'm getting a bit ahead of myself, but what would you do? My plan is to either retire early, around 50ish, at the latest hopefully, or go…
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Standard Life shares claim
Hi, I had a Standard Life endowment policy from 1993 to 2009. When the demutialised in 2006 I never received any notification about claiming shares or cash bonuses. I moved house in 2005, so possibility letters went to old address. I cashed in the plan in 2009, providing my new address and was not notified then either.…
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Question?
Hi, I have been recommended to go to this site, as there is loads of well-qualified answers / questions. Me and my wife has had our mortgage approved and received the mortgage offer, we have exchanged contracts. We are buying a new build so are waiting for completion date. In the whole application process there was loads…
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Mortgage Application Rules
I have recently applied for a mortgage (full application). I have 100% honest and transparent in my questions. After making the application the underwriters have seen that I get a source of money from the local authority. This is for a house that my father owns and I let out on his behalf to thrid-party tenants. The…
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COT & nationwide texts..
So our solicitor last night sent the certificate of title across to nationwide to get them to release the mortgage funds for Friday this week as we are looking to complete on Monday. We are looking to exchange today (was all rushed last night but in order to ensure funds were here in time she requested them) worst case…
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Mortgage deed & other implications - separating from partner
Partner and I (not married) have decided to separate. Both our names are on the mortgage deed and we renewed for a new 5 year fixed term approx 6 months ago. We have had a Deed of Trust in place from the start for precisely this outcome, which in summary says - if and when I sell the property, she is entitled to X% of the…
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First Time buyer with defaults options
Wondering if anyone can help me. So bit of info. First time buyers. Combined Salary of 51k per year £20,000 deposit Me 3 satisfied defaults - £4k defaulted 2016-settled august 2019, £350 defaulted 2016 settled 2017, £52 defaulted 2016 settled July 2019) Partner clean file No combined debt House prices in our area are very…
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Balance Transfer
Hello, This may sound like a daft question but I've been worrying so much for the last couple of weeks. We are due to complete on Friday and I made sure that we didn't apply for any additional credit after our mortgage offer was issued however I did do a balance transfer. Basically when applying for the mortgage I…
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How to get 95 percent mortage?
I really need to move out of family house but not sure what I can do as a single male. I've heard if all I need is 5 percent deposit does that mean they would accept £7000 deposit on a £140,000 flat even if my annual income is low? like im only going to make £19200 a year but I heard I could still get a deposit I this…
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How much could we lend
Good evening, me and my partner look at buying a house together in a years time. What do you reckon we’d be most likely be offered by the bank to buy a house both on a 20k job a year before tax, both have good credit scores and can put down at least 20% of a deposit with plenty left over. Thank you.
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Challenging Redeption Charges on Mortgage
We've recently had repay a mortgage 6 weeks before then end of the 5 year fixed rate term. We sadly didn't realise the amount of the penalty (£2600) .....4% of the balance, in time otherwise we would have ported the mortgage to the new property to save the charges, but contracts had been exchanged and we only had 10 days…
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Halifax mortgage offer special condition
Got a mortgage offer from Halifax and it has the following special condition. I’m not sure what this means (full condition below) - have 2x credit cards and paying off 2x loans as well. Do I need to pay it all off?! Plus my partner has some outstanding credit, too. Neither of us have made any such declaration though. We…
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Remortaging when to cancel old DD
Ok I am just a little confused and need a little advice. We are re-mortaging with a completion date of 01/11/2019 to a new lender however our current old mortgage direct debit comes out on 01/11/2019 I have asked the broker involved they say its fine to cancel the direct debit around now I have asked the solicitor involved…
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Help for NOT first time buying
Hello, Is there much help out there for someone who isn't first time buying? I'm divorced and left my ex wife our family home and I'm now starting back at the bottom, I am now looking at getting a mortgage for myself, though all the help I can find is for first time buyers only. If anyone could point me into some sort of…
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Selling after 6 months
So 6 months ago I bought my ideal flat- first time buyer and everything was great. Now I am wanting to move out due to a whole load of issues with the flat and surrounding area. I’m only 6 months into a 5 year fixed mortgage. Is it possible to move and buy another flat that’s worth about £40k more and carry my mortgage…
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Am I a first time buyer?
Hello, my husband and I were declared bankrupt around 10 years ago. We lost our home in this process. We are now looking to buy again but not sure if we would be looked at a first time buyers? I would assume not as we have owned a home before however when searching online most options given are ‘first time buyer’,…
