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Mortgage and national hunter
Hi All, I wanted to know if it is possible to get a mortgage if you have information held by national hunter. 3 years ago i used a broker who submitted paper document without informing me. I ended up with cifas marker. I know mortgage for me is a no go. My partner, however provided all his genuine documents, has ended up…
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Holiday let mortgage when own mortgage is interest only?
My husband and I have an interest-only mortgage. We are considering buying a small holiday let home, with a possible view to eventually selling our own home and retiring to the holiday let. We are at the very early stages of thinking about it and we wonder if it is even possible to get a holiday let mortgage if you have an…
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Will lack of work history make it impossible to get a mortgage?
I am in my early forties and currently earn approx 37k in a very safe
job for a local authority and have never had any loans, CCJ or
adverse credit in any way. I have 30k deposit, where approximately
10k has been saved over the last 6 months from my current employment
and the rest from a compensation payout and other…
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Halifax mortgage - due for completion next week, worried about hard credit search!
Hi, in a bit of a panic so hopefully someone can advise on this. Myself and my partner are due to complete next Friday (24th) on our house. One of the conditions of our mortgage was that we had home insurance so I left this to my partner however he stupidly selected a credit option for this insurance (it’s £110 for the…
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New Build Mortgage - Validity Period and Valuation
Morning all, After an unsuccessful house purchase this summer where the seller pulled out after asking us for £20k more, I am now hoping to buy a new-build. However, my chosen house will not actually be ready until approximately the end of April. This presents an issue with the mortgage in particular. My existing mortgage…
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2 year or 5 year deal?
Hi all I have been offered both a 2 year and 5 year deal and the annual cost is a difference of £100 more expensive on the five year view. I am thinking of the two year deal but wanted some views am I being to bullish? I am presuming nothing will change in the next two years and potentially will get an even better rate in…
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Please Please I really need help!! :(
Hello all, we Are in the stage of just sending deposit information as we added more to our deposit account (I didn’t know we shouldn’t have done this) so the lender before a offer is given if it is given wants a audit trail however I have now started my maternity as of last month Do I need to let the lender know before the…
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Which is easier to get accepted Nationwide or Halifax
Hi. Which of one of nationwide or Halifax is easier to get accepted with? I have a letter off my employer showing I'm starting a new position with a massive pay rise in the next month. I have a £63k deposit from the sale of my existing how and the LTV is about 83% I want to go with a lender that will take my employers…
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Gifted deposit - single or joint account query
Married parents want to make a gifted deposit to child and fiancee to help them buy their first house. Parents do not have a joint account. One parent is higher tax payer; one is standard rate. Parents manage finances so that their taxable savings are held by lower tax payer. The lower tax payer parent has therefore got…
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Requested additional loan on Santander mortgage - offered considerably less
We bought our house in January, a fixer-upper, with a 45% LTV Mortgage. We had a fairly large lump of cash left over which we planned to spend on an extension and refurb, and kept the mortgage fairly low due to uncertainty over the economy, jobs etc not wanting to over commit. We planned to have a GF extension done within…
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Mortgaging a house I own outright
Hi everyone, I’m going through a divorce presently and the family home won’t be sold for a while due to certain reasons. In the mean time my parents have offered to buy me a house until I can buy it back. I’m thinking of buying this house into my name so that when I ‘buy it back’ I won’t owe stamp duty again. Question is,…
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How much would switching to interest only save me pcm
If (I’m just doing sums at present), I switch from a repayment mortgage to interest only, how much would it reduce by per month? Details are: house value: £560,000 mortgage: £200,000 rate: 1.8% duration: unsure monthly payment: £1,167 pcm if i switched to interest only, what would my repayments be each month please? Approx
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Advice on selling/renting a property in UK from the US...
Hi all, this has always been an amazing resource! Thank you to all contributors! My wife and I have been living in the US for over a decade and plan to stay here long term. We have a property in the UK that we are currently renting, and we are considering selling it. We are exploring a couple of options and would like to…
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Interest only mortgage question
Hi all. I’ve seen a nice property i like and was thinking about getting an interest only mortgage for 2 years. And then in 2 years time remortgage it onto a capital repayment mortgage. My question is are interest only mortgages harder to get than a repayment mortgage? I have around 15% deposit for said property. Thanks
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Question about my mortgage application and company car
Hi I'm going to put in an application for dessision in principle with in the next 24 hours and my question is based around what I earn and my benifit in kind. I have a company car and the value is around £8500 which is recorded on the p11d If I was on £45k does that mean I put £45k on the application for or does it mean…
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Requesting mortgage funds
We were all set for exchange today, all solicitors had agreed the completion date (Wednesday next week) a few days earlier. As exchange worked its way up the chain it transpired that our vendor’s solicitor “forgot” to request mortgage funds in time… I don’t know who the lender is, but they require 5 days notice which is…
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Have two mortgages and current deals are ending - Nationwide
Hi all, I remortgaged once so I currently have two mortgages with Nationwide: Current Deal3.09%3.09%Monthly Amount£432.43£141.28Total Monthly Amount£573.71Outstanding Total£78,089.72£25,512.12Total Outstanding£103,601.84 I let my property out so 1% is applied to my mortgages. There proposed new deal is: Proposed…
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Sharehold property
Is it worth going for a one bedroom sharehold, Which I start off 25% can build up to 100% The only things putting me off it’s for 115 years, lease(can be extended)so it can’t be passed onto anyone and won’t it be hard to sell if I wanted to move in bigger property
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Is there any advantage using a broker for the nationwide helping hands mortgage?
There is one property that I am considering and due to the price, I
would need around 5x my income. Nationwide gave me a DIP on the phone
in less than 10 minutes. The helping hands mortgage is based on the
5 year or 10 year fixed rate. When speaking to a Nationwide
representative, they told me that brokers are not able to…
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Does this mortgage application look strange to an underwriter
Im in the process of an application via a broker. I have submitted all my documents and its been double checked by their admin team. They have done a DIP and that come back as fine and they suggested to go with Nationwide. But I'm not sure if this looks dodgy after Googling for some answers on something else on I come…
