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hi there ive brought n sold houses my advice is DONT offer more than what you think its worth stick to as low as u want cus estate ppls want more comission so .stay tight in ur offer n if need to go do it in 500, s ....................best off luck........ ps i just brought another house 113, 000 ni ts cost us so far 25, 000 in repairs but hay i got it 30, 000 cheapper. credit pacific service union

Moneysupermarket.com - Secured Loan and Remortgage Secured Loan and Remortgage Reply Quote Spam

OK, my partner and I own a house and have a mortgage which we started last year. She has a previous history of bad debt (she s good these days!) and hence our mortgage costs a shed load. credit first service union

She wants to take out a secured loan of 15K to pay off her bad debt and to minimise her monthly outgoings to build up savings etc. A few queries: 1. Is taking out a secured loan likely to affect our chances of remortgaging when the time comes. 2. She seems to think that she can get a 15K loan and pay back only 3K interest over 5 years. I think that this is a headline quote from a bad credit web-site and I think when she enters her actual details, the interest is more likely to be 6-8K. Thoughts card credit mobile service

3. Are there companies that can try and settle /reduce these debts as a mediator. Not to go down the IVA route, but simply to bring down a one-off payment to clear outstanding debts

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Anymore info needed, please let me know. I want to make sure that if we decide to go down this route, these pitfalls won t spring up! Ta credit public service union

Re: Secured Loan and Remortgage

hi i took out a 15k secured loan last july im now off sick have been for 6 months . but because my credit history was, nt that good i had to go with a company who accepted bad credit and now i cant pay im certainly paying for it together with the mortgage company they are now saying they will take the house back just be careful check out the forums and u will get a idea them good luck card credit processing service

AGA - I can t offer any advice on the above, but well done for standing by her, and supporting her! center credit service union

Moneysupermarket.com - Shared ownership query *FTB* home

in Mortgages (forum) Forums (group) Moneysupermarket.com Search Moneysupermarket.com Forums Money finance Mortgages Shared ownership query *FTB* card credit service wireless

Shared ownership query *FTB* Hmm [^o)] Shared ownership query *FTB* Reply Quote Spam

I am currently in the process of a s/o purchase of a New build flat for 41, 250 (25%) of 165000. credit security service union

I have had a DIP from the lender Prefferred(-due to satisfied default) and had the valuation done, but the broker is now advising that the Lender will need written confirmation from the Housing assosiation that the retail units for sale below the flat will not be a restaurant otherwise they will not lend on the property !! credit report service

Why is this such a problem and does anyone know a any other lender that would lend (bearing in mind i have a satisfied default on my credit file) Any Advice welcome!!! Many thanks blogspot com christian

Re: Shared ownership query *FTB*

You are very limited with sub prime shared ownership lenders.....Preferred being the only one. How old is the default and how much was it for I am assuming that the product is a 100% deal Lenders do not like food premises below the secured property because of the risks attached. christian counseling credit

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Regards Ian Thu, Jan 31 2008, 7:24 AM The default was for 5, 750 and satisfied dec 06 plus i have numerous mortgage searches on my credit file due to previous broker- Would it make a difference if i put down a 10% deposit down ( 4000) . Are all lenders like this in the way they lend to properties over restaurants credit federal service union

many thanks Thu, Jan 31 2008, 8:47 AM If a restaurant is under the property no lender would lend above 75%LTV, commercial lenders would lend up to 85% but not for shared ownership. You are restricted to Preferred because of your credit history, there would be no difference to what is offered by using a 10% deposit as the rates are the same as is the criteria. credit monitoring service

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Regards Thu, Jan 31 2008, 3:57 PM credit division service

cheers thanks for the info ian. many thanks craig card credit online service

• Sat, Feb 23 2008, 1:25 PM hi ian, The housing assosiation have advised that the retail unit underneath the apartments is likely to be a cafe, would lender (preferred) still class this a restaurant in their decision to lend in your experience thanks craig Sun, Feb 24 2008, 11:31 AM Hi...Yes I m afraid so. consumer counseling credit inc

Moneysupermarket.com - Superdeal Feel like I am being Super ripped off! home

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Superdeal Feel like I am being Super ripped off! Superdeal Feel like I am being Super ripped off! Reply Quote Spam Hi everyone, I am with Scottish and Southern (think used to be southern electric) and when Moved into my tiny 1 bed flat with 1 storage heater 30th Dec 08 I set up Direct Debit for 40 a month after being advised that I would probably end up in loads of credit as I am hardly ever in and have just one heater in use, On Thurs I phoned them to give meter reading and apparently I have used another 70 on top of this payment since end of Dec. Tried to switch to scottish power but they say I cant switch as I have an extra meter in place for my super deal tariff with my current supplier. Has anyone heard of this before and have any advice for me Re: Superdeal Feel like I am being Super ripped off!

It s worth having a look at your bill to see if it s split into day and night units. If it isn t, you are not on the economy 7 tariff and this could be the reason for the high bill. card consolidation credit

Anyway, you need to work out if the high bill is because of your usage, your tariff or an incorrect meter reading when you moved in. Sat, Feb 23 2008, 4:37 PM hi, thanks for the reply! I am on superdeal tariff which is like economy 7 but with added options and they say its the best thing for storage heaters. my dad took the readings when I moved in so know they were correct.I have one storage heater on. other usages amounts would be washing machine 2 times week, elec shower x 7, ummm couple of hours tv in the evenings but work full time out of house for about 12 hours a day plus also work 2nd job weekends and some evenings. I switch everything off at the plug when I go out too. is it normal to use about 70 a month for just me, one heater and a small 1 bed flat oh and how can I change to another supplier if I have a differnet electricity meter credit free online report

Sat, Feb 23 2008, 5:16 PM It is easy to switch if you were on economy 7. However if you are on a tariff with 3 or more charging periods, not many suppliers will offer exactly the same option. It s still worth comparing what your bill would be (roughly) if you could switch. 70 per month is a little high but not unreasonable for your situation. The heater will be using most of that and, in a few months, you will not need to use that so the bills should come down. If you were using gas central heating, your bills would be a lot lower but electricity is expensive for heating, even with the night rates and storage heaters. credit federal first service

Moneysupermarket.com - tax deductible vehicles home

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tax deductible vehicles Reply Quote Spam

hi wonder if someone can explain to me what exactly does it mean when i lease a car they say it is 100% tax deductible as i have a small business and am thinking of this option. center credit family service

Re: tax deductible vehicles

Hi -- It means that the full lease / rent costs of hiring the vehicle on top of the running costs can be offset against your business profits, hence it is allowable expenditure that will not be liable for income tax purposes.(less yearly nett profit, but also less tax to pay). Sun, Feb 17 2008, 12:17 PM hi ~ thanks for the reply excuse my ignorance so does that mean if the vehicle costs 3000 per year to lease i would get 20% tax relief on that amount thanks credit reporting service

Sun, Feb 17 2008, 1:11 PM Hi --- Yes, the money it costs you to lease or run the car is an allowable expense that will be deducted from your business profits, therefore no tax will be applied to the amount that has been deducted. Sun, Feb 17 2008, 4:29 PM many thanks cca credit division service

Moneysupermarket.com - What happens next Short Term Insurance Car Insurance and NCB what percent of income... NCB Diary of a frustrated... Which Credit Cards are... Home Improvement Loan Mortgages Mortgages Our mortgage calculator compares over 8, 500 mortgages and remortgage products. Mortgages What happens next Reply Quote Spam

This afternoon our broker put a full application through for mortgage. What usually happens next If everything looks ok do they go and value the property, is it likely to be done this week credit free report service

There should be a book called Mortgages for dummies! I definitely need to read it because we don t have a clue or what happens next or the timescale of things!! Thanks card credit customer discover

Re: What happens next

Who has it eventually gone with I only ask because you will be the only person in the UK who can get a 90% SELF CERT purchase from Kensington. credit repair report service

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Regards Ian credit legal repair service

• Wed, Feb 06 2008, 8:36 PM Hi Ian, mortgage express (who you kindly recommended) Wed, Feb 06 2008, 8:48 PM So it is worth recommending lenders and products on the forum after all ;) So glad that everything is happening...again!! The question of timespan has been asked a few times on the forum and the answer is usually: cic credit monitoring service

Once initial underwriting has been completed the survey is instructed. 2 days Valuation is arranged and returned 5 - 7 days Offer is sent out to you the solicitor and the broker. 3-5 days Total for mortgage work up to 14 days. The legal work is another matter, if there is a HIP s pack the solicitor will have the searches and this will save time and money. If they haven t the time scale for searches and to and froing from solicitor to solicitor could take for ever, but the normal time taken to completion is about 2 weeks. So summing up it is usually 4 weeks if everything goes well and up to 6 weeks if things are slower. ccs credit division service

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Regards credit service union worker

Wed, Feb 06 2008, 8:59 PM I praise you for being able to deal with mortgages every day - sorting out one is stressful enough!! The reason I ask about the timespan is because our offer was accepted on the condition that we can exchange on or before 29th Feb. And survey to be carried out within 10 days. 5 have already passed if the weekend is included! Argh!! I worry too much :( Wed, Feb 06 2008, 9:07 PM 1st credit service union

Reply Quote Contact Control Removed for Hotfix 16/05/2007 Spam WR 13380 END 13380

You should just about make the exchange date if everyone is on the ball. The valuation should be done by the time alloted if the surveyor is pushed by the broker via the lender. It would help if the seller has a HIPs pack, are you aware as to this is available card chase credit customer

Wed, Feb 06 2008, 9:14 PM I don t think there is a HIPs pack, it hasn t been mentioned. I love your positive attitude Ian! But I can t stop worryin!! Should the valuation be booked by Friday, how will we find out when it is I am not going to ring the broker any more, I will wait until he rings us, I feel like I ve been harrassing the poor bloke the past few days ha ha. Wed, Feb 06 2008, 9:26 PM card chase credit service

Lol...There s enough gloom and doom around at the moment you gotta keep going!!! Maybe booked by Friday but probably not attended until mid week, but you never know if things aren t too busy with the lender. If your broker is aware of the deadline they will probably be pushing as well, nothing wrong with checking up though. The best way to find out about the valuation is to get the estate agent to call you when the surveyor contacts them to arrange the viewing. citi credit monitoring service

Wed, Feb 06 2008, 9:46 PM Great :D Perhaps you should write the book mortgages for dummies ! LOL. You have certainly helped me with lots of questions lately. I have one more though ;) is there anything we should be doing in the meantime, whilst we are waiting for the mortgage company to get back to us Wed, Feb 06 2008, 9:58 PM Just make sure that the solicitor is on top of things in regards to queries to the vendors solicitors. Also you may wish to expedite things by getting the searches underway This is a risk though, as the fees for the searches are normally paid up front and if it goes pear shaped you will lose this amount. I do think though that you could instruct the searches once the offer has been issued and is in the post if you are at all cautious If there is a lack of response to your solicitors questions to the vendors solicitors, get the estate agent involved. credit plus service union

Wed, Feb 06 2008, 10:18 PM I think we will have to get started with the searches in the next few days, regardless of the risk, we recieved a letter today saying searches must be applied for upon receipt of contracts I hope it all goes to plan, do many mortgages get declined once it has been agreed in principle Are most of the credit checks already done Wed, Feb 06 2008, 10:35 PM credit farm service

Self certification mortgages are generally more successful due to nature of the product. If you are employed and the lender does a reference just to check that someone works where they say they do, it is imperative that only the questions asked are answered and no other information offered. So for all employed applicants they need to ensure that the HR department are aware of the possible request or if the applicant is self employed then the accountant will be verified or the SA302 front page of the self assessment form is required. Not sure of your situation but M E products are what we call true self cert and the checks are minimal. The credit checks have already been done during the AIP. 1st credit federal service

Wed, Feb 06 2008, 10:58 PM My OH is self-employed, so hopefully it will all be ok. We were feeling down today, as it seemed impossible to have everything done by the 29th, but he has just read your replies and feels much more optimistic that it IS possible after all. And even if it gets to the 29th and we are still a week away or something, surely they wouldn t pull out at that stage.. I ve got everything crossed including my toes!! credit paychex service tax

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