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Interest only mortgage
Hi Please bear with me as I try to explain. I was left some inheritance some years ago and bought 2 properties outright [the smaller property was rented and the other we live in], therefore I am in the very fortunate position of being mortgage free. I have zero knowledge on the subject, hence my post and would love to know…
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Mortgage and default question
Hi, I am applying for a mortgage with defaults on my file (all over 24 months now) going with precise. We reserved today and completion will be September. By September 4 out of 5 defaults will be over 3 years old. Would lenders use that in consideration or will they only use the date registered as a factor? Precise HTB…
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Selling Up, Buying Later
Hi all, I'm hoping for some advice please.. I'm debating selling my property and moving abroad. My partner is abroad (non EU) and there are a couple of properties we are interested in doing up to rent out as a holiday home (when the travel industry comes back to life). I wouldn't touch the equity from my house and I would…
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Adverse credit mortgage
Hi, due to an unfortunately bad time in my life, I have 2 defaults, one from carphgone warehouse for £128 and another from a final gas bill that I wasn't even aware of for £97. Both are satisfied about 2-3 years ago. No other issues on my credit report. I have around 88000 deposit for house in range of 350000 in Essex. How…
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Mortgage - First Time - Enquiry
Experian has a feature which shows a trajectory of your credit score, what it would look like if all things are equal. Within 12-24 months, all my negative stuff will have been removed and it will be around the 900 mark - When looking into mortgages, is it the standard 10% deposit? and is it the standard x5 your annual…
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Thoughts on negative base rate or a 0% base rate...
Will it happen and how will it impact mortgages/lending
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Mortgages for ex bankrupts
Hi, can anyone advise of a good mortgage broker or lenders for ex bankrupts? I have an excellent credit score and no issues however my hubby was made bankrupt in June 2016 so coming up to the 5 year mark this year (he has had no other issues or any defaults bar this). Hoping to move this summer ideally. We would be putting…
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Second mortgage help
I currently own a property with approx 25% equity. I’ve been trying to sell it but two sales have fallen through due to FTB not being able to get a mortgage and the seller of the onward purchase is getting fed up. I am trying to sell to jointly buy a house with my partner. He has 100k deposit and I planned to top this up.…
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Remortgage process
Does anyone know how long it takes approximately to complete on a remortgage for a house you already own/have a mortgage on? Mortgage offer received 31 Dec, all documents sent to the lawyers this week. Mortgage deed is on its way to me for signing and title deeds have been revived and reviewed.
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NatWest Mortgage Timescale 2021
Hi All, I am about to apply with NatWest next week, 85% LTV, Myself (Employed) and someone else (Self-Employed), this is for a residential home. It would help if any of you can share your timelines here and your overall experience with NatWest. Thank You
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First Direct remortgage likelihood?
Does anybody have any idea whether we would be accepted for a remortgage/ product switch? Back when the first mortgage holidays were offered we applied as DH is self employed and business was affected, as it happened we continued to pay the normal amount but as a SO instead of DD and since then have been overpaying every…
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Santander - Mortgage Rate drops while application is being processed. Can I obtain the new rate?
Hi, I’m in the process of moving my mortgage, and I’ve just noticed that the rate and product fee associated with the Santander one I’m looking at has dropped. I appreciate they honour the rate you select when you apply, should it go up - but they may not allow me do anything if it goes down? Does anyone know if Santander…
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Using LISA for Mortgage
Hi there I've recently received an inheritance and was wanting to put that towards my first property. I would also to use my LISA as well. So far I've been maxing it out (£4k). I've been looking at the smallest mortgages possible so I can use the bonus money from the government towards my first home. I've been looking at…
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Equity release for tax saving purposes
Hi everyone. Does anyone here know if taking equity out from a property just so as to reduce inheritance tax exposure is common practice? I'm presently settling the assets of my parents estate and the inheritance tax exposure is jawdropping. Like most people of their generation, they saved and never borrowed and so had…
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Any mortgage lenders that use 100% overtime
Hi everyone.. Does anyone know if any mortgage lenders will use 100% overtime towards affordability at the moment? I have 43k already and just need 22k more towards a 35% share of a new build shared ownership property but am struggling to raise this on my basic wage yet I do plenty of overtime each month.
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Anyone else applied with Aldermore?
Hi, has anyone applied for a mortgage with Aldermore? If so what was your experience and how long did you wait for a response? We have just had a bad experience with another lender having to wait 3 months to then be declined for reasons which my mortgage advisor felt were unfair. We have just applied with Aldermore.
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Joint mortgage, combining finances with partner with bad credit history
Hi all, Me and my partner are currently getting plans drawn up for an extension on our house. The mortgage is currently in my name only and I think we will need to remortgage jointly to finance it. However, my partner has a really ancient CCJ floating around. It’s probably 15 years old and unpaid. My partner’s credit…
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Will a lender approve a morgage where a property layout hasn't been completed yet
Hello, currently renting in a merged semi detached house 18-20 house number for example. We are looking to purchase one side of the house (18). The property is requiring planning permission to put the dividing single wall linking the properties back in place and then re-banding for council tax so they become 18 and 20…
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Platform mortgage extension
Hi, We were due to complete on our new build In January, however this has now been delayed. Has anyone had any experiences extending their mortgage offer with platform recently? And if so how long did the process take. thanks
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Equity release lifetime mortgage
Hello, My mother in law took equity release of £30,000 on her property 15 years ago. The term was 20 years so it will finish in 5 years time. The total amount to repay then will be £90,000. We have spoken to the lender to see what happens after the loan period finishes. The interest at 5% will continue to accrue. She is 82…
