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Endowment Final Bonus
I’ve an Endowment with 12 months to run. I’ve just had a projection of what I’ll get plus a “supplemental statement “ which shows a current surrender value which is about £3,000 higher than the projected value for next year. The difference is due to the level of final bonus that applies. The projection seems to use 3 FSA…
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Lifetime ISA & Mortgage deposit
I'm looking for a little help on the Lifetime ISA which can be used as for a mortage deposit. I'm looking to open one however i'm unsure of the process of using it for a deposit. Can I fund my mortgage deposit from different sources for example my ISA and from my savings? E.G. £5k from the ISA and £5k from my savings…
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Developer Pressuring to Exchange
Hi all, We're just under 3 months into buying a new build property, having reserved at the end of July. Last week, we suddenly got told from our developer that unless we exchange before the end of next week (giving us 7 working days notice) they would be looking to remarket the property. This was a massive shock to us -…
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Realistic mortgage outlook......
I am in the process of starting to look for my first home and before Covid around March things were looking more promising. I am a single male 34, 20k deposit and looking to buy in the midlands area spending 150-180k. I earn around 45-50k a year with a basic salary of 34k. I earn 10-15k a year on top in bonuses. I…
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Lloyds Mortgage
Morning Everyone Hoping someone can offer some advice in regards to my upcoming mortgage interview with Lloyds. I work indirectly for LBG so will be applying for their staff mortgage rate. My only concern is that i have a number of pay day loans on my credit report from 2+ years ago. Does anyone have any experience with…
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Lift scheme
Hi- we have applied for the lift scheme to buy our first property and have declared all our savings but we need to take £5k out our savings for a new car? Will this affect our application for the LIFT scheme?
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Had a Decision in principle but now found a better rate
Hi I have had a DIP with Atom bank last week at 1.44% fixed for 5 years. Today they brought out a better rate at 1.34%. Can I ask them to switch me to the new rate or would I have to stop my existing application and start again??
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Proof of deposit/gift
Hello, I am a first time home buyer in UK, I have received gift of 36k from Asia from my dad savings account. What proof do i need to provide to the bank and the solicitor?. Asian bank does not provide bank statements they use receipts that shows the money. I have the copy of the receipts and bank is happy to write a…
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top slice mortgage BTL - can someone explain?
Hi all I am looking at a BTL @ 25% deposit. And the best mortgage rate I have been offered by the broker over 5 years is 2.07%... but its called a top slicing BTL mortgage. does anyone know what a Top Slicing BTL is? the broker says i could only get this as other lenders won't lend the 75% amount otherwise. any advice or…
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Applying for mortgage with one applicant on 0 income
Anybody got any experience of this? Me and my partner have had an offer accepted but I've just been given redundancy notice. We plan to buy the property on partners wage alone and should be withing the lending amount based on the one salary alone. I am currently still employed and have found another job to go to, but its…
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Barclays offset mortgage: Offsetting ISA
Thinking of moving home. Offset mortgages are far and few now. Saw the Barclays which allows ISA to be offset. Would they allow my old ISA from other banks to be transferred to them for offsetting? Thanks in advance
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Good standing car loan sold to Asset Link Capital - mortgage declined by underwriter
Hey there. My partner - great credit rating, no issues, steady professional job - has a small car loan that randomly we were advised back in June had been sold by the original lender and would transfer to a company called Asset Link Capital. Didn't think anything of it, no worries, and just kept on paying as normal. Fast…
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MISSOLD My Choice HomeBuy Equity Loan - Help, Martin!
I'm really looking for advice from Martin but I don't know how to contact him direct. It's about a 'my choice home buy' equity loan from a housing association which we took out in 2009 along with a building society mortgage to buy our house. The MCHB loan was higher than the mortgage. We didn't properly understand the…
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First Time Buying Land Costs
We are trying to plan to buy land, probably in Wales, to develop into a homestead & camping/glamping site. However we have no experience in buying land and my concern is properly planning to put together a realistic business proposal to presend to potential lenders, and I am very paranoid about missing something and then…
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Allansons LLP - The Mortgage Overpayment Check Went Very Bad
Cliff Notes: * Allansons LLP offered to check if I'd overpaid for my Mortgage * They went bust and a new firm is being thrust upon us, with threats of £4k penalties for non acceptance/compliance * Let's band together and chip in a few quid to engage a solicitor and manage this collectively, rather than doing this as…
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Builder deposits and incentives
Hi, we are in the process of buying a new build house, we accepted an offer on our current property for £115k, the buyer later pulled out of the sale. We have now accepted £112k, with the view of the builder giving us £3k cash back on completion to pay off an outstanding debt which we want to clear to get the mortgage.…
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A quick question on first time buyers.
I feel I know the answer but will keep my fingers crossed. Many moons ago, when I was a naive young man in his early 20s, I met an older woman who I then moved in with. She very kindly put my on her mortgage, which I then paid in to for the next 13 years until, one day at the age of 35, she kicked me out without a penny…
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Relation split - Buy to Let
HI, My partner and I are unfortunately splitting up, we are not married, i'm trying to get an idea about the mortgage situation. We have a repayment mortgage on the family home which I think we have agreed I would stay in with children it has 30% LTV and affordability should be fine. We have a deed of trust so hopeful this…
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Does high risk CFD trading affect mortgage application?
Hi All I recently deposited £5,000 into my CFD account (plus 500). Does this affect future mortgage application?
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LTT holiday in Wales - will we miss it?
We will have completed in time for the deadline, but our build isn’t finished until April 2021. Does this mean we do, or don’t benefit from the holiday?
