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Mortgage Application with gambling transactions
Recently applied for a mortgage with the other half with Skipton Building Society, we both have excellent credit scores, no overdrafts, no outstanding debt etc. After bills etc have been paid we roughly have £1800 a month to play with. I currently gamble, leisurely, around £150 a month. Would this affect our application…
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Remortgaging
I have a couple of questions, - I am looking to get a mortgage. I am currently mortgage free and have been for around 8 years so I'm not actually remortgaging, but I have had a mortgage before so I'm not a first time buyer. What am I?! - Also, is it normal these days to be charged for advice. This is a quote from a…
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Kent reliance
Hi, does anyone have any recent information involving Kent reliance and how long it normally takes to complete. No chain, ftb. Also if you have had an aip has anyone been rejected after full application? Valuation has been instructed but I haven't heard about a date yet, what's the norm for this? Sorry for all the q's.…
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Mortgage renewals
Contract up on fixed term about to shop for new one.
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Solicitor Scotland A2 Indirect Legal Charge
I am looking for recommendations. Do you know a solicitor in Scotland/Edinburgh who knows how to deal with Indirect Legal Charge. The case is that only me will be on the mortgage but me and my wife to be on the title deeds. This is an HSBC provided mortgage and they are ok with that. If anyone knows solicitor that has done…
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Our Solicitor Not On Mortgage Lenders Panel
As above. Found out last week that our solicitor that we're using, they're local to us, is not on Aldermores lenders panel. Aldermore have said they said they sent out a form to them on the 21st of January but our solicitor has said they didn't receive this, they sent out another one last week but I'm yet to hear back.…
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Re-mortgage help
We are currently fixed at 2.83% until 1/4/21. After 1/4/20 there is a 1% redemption charge. Current balance is ~£128k with around 47% LTV. When we took the mortgage out (our 1st) in Jan 2016 I wanted to fix for 2 years, as I thought rates would fall, but my wife and the banks adviser pushed for 5 years. I've never…
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Equity Release Questions.
Hi, I'm 70 this year & my wife will be 65. We own our house & have no children or any relatives needing money. I only have a state pension & so will my wife next year, so we are seriously considering the ER option to boost our retirement. Downsizing is only an option if we move somewhere much cheaper than here (Devon),…
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Mortagage application - emergency tax
Hi, we've just realised my boyfriend is being emergency taxed - been in the job for 3 months Will this affect our mortgage application - Aldermore. Thank you in advance.
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Can I get a mortgage with non standard income?
Hi I have income from property letting which is 50% of my income and from dividends from a corporate bonds, stocks and shares portfolio, the other 50%. I know I can raise a mortgage against dividends from a company of which I am a director but can I raise finance on dividends from a varied share portfolio? Thanks!!
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CMS and mortgage payments
Hi, I have just recently been contacted by CMS to set up a direct pay with my ex. I was previously over paying her via an informal agreement we had now she wants me to pay via CMS. the problem I have is she has said she will not pay the joint mortgage we have, therefore I am left paying CMS, a mortgage and my living costs.…
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Remortgage problems. Any other options..?!
Will try and be brief- would really appreciate any suggestions or ideas. So our house is valued at £270k, in Scotland. We have no mortgage currently due to an inheritance which cleared the outstanding mortgage last Nov (we had no say in how the money was used, long story). So we want to remortgage at 150k to extend the…
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First time buyers A bit behind!
Just after some general advice really. We should have bought a house years ago but we didn’t for lots of reasons, life has got in the way and we’re now 37 and 40. We’re just saving for a much deposit as we can and then we hope to buy a house. Given that we’re a few years behind most I’m not sure wether to go for the long…
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Getting a £50k mortgage with a fixed-term contract and 6 months work history
Hello all, I am buying a flat in London. I am looking in the £350k range. I would be paying a deposit of around 85% on that figure, and so would require a mortgage of around £50k The problem is, I have only been working for 6 months (prior to that I was at university/not working), and I am on a fixed one-year contract. My…
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Relocating - new mortgage and continuing current employment
Hi, My fiancé and I are soon relocating from the outskirts of Edinburgh to Aberdeenshire (156 miles/2h 30min drive). My fiancé has been in employment up there for a number of months, working away during the week (living with his parents) and returning home at the weekend, while we have had our current property on the…
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Help to Buy - PIF and mortgage fees
Hi, If any of you have experience in this I'd be grateful. Trying to get through to Help To Buy, but due to their backlog getting through is a nightmare and doesn't seem to be happening soon. I have been accepted for a Help To Buy equity loan. I filled in their PIF (Property Information Form) and filled in the amount of…
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Shared ownership
Hi, I am trying to buy a property however I earn £26,000 annually but I was told by a financial advisor something about wages having to be 45% of income but do not count any other income such as tax credits. I was told that for a £350,000 property for a 30% share I need a deposit of £48,500 which came as a shock because…
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Nationwide Decision appeal
Broker has got back to me saying that because my husband took 4 days of unpaid leave in the past 8 weeks they won't lend us the amount needed. Any success of appeals? We need the maximum amount possible. I feel like we'll never get anything at this pace.
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Can we assume we have passed all credit checks if the lender requests a valuation?
Basically my only question is above - is this correct? Thanks so much
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HELP! 5% deposit incentive on a mortgage, Do I have to pay the builder back?
Me and my wife have just bought our first home and the builder of the property gave us a 5% builders incentive towards the mortgage. The builder is now asking for the 5% to be paid back as a loan. Is this acceptable? Do we legally have to pay this back? He is now threatening to take us to court. we really need some advice.…
