61
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Poker Forums / The Rail / Re: WSOP 2020
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on: February 06, 2020, 11:15:29 AM
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Nuts, that link says the opening $1k tournament is a two dayer, no point me trying to satellite in now
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62
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Community Forums / The Lounge / Re: Mortgage options
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on: February 03, 2020, 12:48:41 PM
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I resigned up with a new deal with my existing provider about 6 months ago and they were only £10 more expensive than the best deal, didn’t need to show anything which was very handy.
Yeah, product transfers are always cushdy. I have been told that this is the reason you shouldn't pay off your mortgage in full if you plan to need another mortgage in the future, i.e. keep a very small amount on the existing mortgage as then when you need a new big amount you don't have to start from scratch and it is far easier. Is this true? (apologies for any derail of thread!) If you're trying to remortgage in the future, you'll still have to go through the procedures. I presume you mean if you are looking to raise capital for a bigger mortgage? Whenever you're looking to raise funds, they'll always need proof of income, and affordability etc. We always get 3 months bank statements, even if the lender may not always require them due to low LTV or mortgage amount. Just for our compliance, so we can check for anything that looks strange, or any undisclosed financial commitments etc. Product transfers are easy because you are switching the balance to another scheme with your current provider. I work for 3 brokers based around London, and part of my job is doing what Matt says above. I go through the bank statements to correlate all their financial information, as we have to ensure the clients are not going to be overstretched if taking the new mortgage. Any gambling transactions are always incorporated into their expenditure, and the lenders will obviously see them, too. I was meaning capital for a new mortgage yes - we may be in a position to pay off our mortgage later this year but will be wanting to move in a few years time to a more expensive property, we would need a new mortgage then. My wife was working full time when we took out our current mortgage but is now part time and may not be working at all when we move. Because of this someone told us we should keep a small amount on our existing mortgage rather than pay it all off as when we move there won't be issues with getting an increased mortgage with our current provider whereas we may struggle to get a new one from scratch. I have heard the same about leaving a small balance rather than paying off completely, It isn't going to avoid the fact that they will need to know your exact income now. All of their affordability calculations for a new/increased mortgage will be based on your current income and you will have to tell them that your wife is no longer working. That's what I was thinking. Another point I have just remembered he mentioned though was about our credit score - apparently not having a mortgage will affect this negatively and therefore making a new mortgage harder, whereas if we keep a small amount on it our credit score won't be hit. Sounds unlikely to me for the exact same reason though.
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63
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Community Forums / The Lounge / Re: Mortgage options
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on: February 03, 2020, 09:50:57 AM
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I resigned up with a new deal with my existing provider about 6 months ago and they were only £10 more expensive than the best deal, didn’t need to show anything which was very handy.
Yeah, product transfers are always cushdy. I have been told that this is the reason you shouldn't pay off your mortgage in full if you plan to need another mortgage in the future, i.e. keep a very small amount on the existing mortgage as then when you need a new big amount you don't have to start from scratch and it is far easier. Is this true? (apologies for any derail of thread!) If you're trying to remortgage in the future, you'll still have to go through the procedures. I presume you mean if you are looking to raise capital for a bigger mortgage? Whenever you're looking to raise funds, they'll always need proof of income, and affordability etc. We always get 3 months bank statements, even if the lender may not always require them due to low LTV or mortgage amount. Just for our compliance, so we can check for anything that looks strange, or any undisclosed financial commitments etc. Product transfers are easy because you are switching the balance to another scheme with your current provider. I work for 3 brokers based around London, and part of my job is doing what Matt says above. I go through the bank statements to correlate all their financial information, as we have to ensure the clients are not going to be overstretched if taking the new mortgage. Any gambling transactions are always incorporated into their expenditure, and the lenders will obviously see them, too. I was meaning capital for a new mortgage yes - we may be in a position to pay off our mortgage later this year but will be wanting to move in a few years time to a more expensive property, we would need a new mortgage then. My wife was working full time when we took out our current mortgage but is now part time and may not be working at all when we move. Because of this someone told us we should keep a small amount on our existing mortgage rather than pay it all off as when we move there won't be issues with getting an increased mortgage with our current provider whereas we may struggle to get a new one from scratch.
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64
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Community Forums / The Lounge / Re: Mortgage options
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on: January 31, 2020, 10:52:34 AM
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I resigned up with a new deal with my existing provider about 6 months ago and they were only £10 more expensive than the best deal, didn’t need to show anything which was very handy.
Yeah, product transfers are always cushdy. I have been told that this is the reason you shouldn't pay off your mortgage in full if you plan to need another mortgage in the future, i.e. keep a very small amount on the existing mortgage as then when you need a new big amount you don't have to start from scratch and it is far easier. Is this true? (apologies for any derail of thread!)
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65
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Poker Forums / The Rail / Re: WSOP 2020
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on: January 17, 2020, 09:35:03 AM
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I know the big WSOP events have live satellites beforehand - do the $1k events have them too? And/or are there any online satellites for them? TIA.
I doubt there will be satellites for those events. There are constant single table tournaments at various buy ins for lammers (live casino equivalent of tournament dollars, for anyone that doesn't know) at the Rio. Thanks Tal, I shall definitely look into those for when I am there
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66
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Poker Forums / The Rail / Re: WSOP 2020
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on: January 16, 2020, 04:17:31 PM
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I know the big WSOP events have live satellites beforehand - do the $1k events have them too? And/or are there any online satellites for them? TIA.
There is a satellite room at the Rio, where they run them from $125 and up, I believe. Winners get paid in 'lammers', unless it has changed. Thanks, I am there until May 28th so would be great to hit the one on the 27th if I can!
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67
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Poker Forums / The Rail / Re: WSOP 2020
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on: January 16, 2020, 02:00:38 PM
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I know the big WSOP events have live satellites beforehand - do the $1k events have them too? And/or are there any online satellites for them? TIA.
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72
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Poker Forums / The Rail / Re: Let’s talk poker
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on: September 24, 2019, 09:54:22 AM
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Farewell MPN.
What alternatives are available for Grosvenor and others once MPN closes? It's the only online poker site I play these days, mostly for satellites. Party is associated with a venue I can't play at and people I can't support, and Stars just seems so very hard to win on.
Grosvenor is the worst poker site I have ever played on. If MPN closing means they move to a different network I can't see that as a bad thing - it would have to go some to be worse!
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74
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Poker Forums / The Rail / Re: Microgaming Network closes
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on: September 23, 2019, 09:59:14 AM
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Grosvenor is the worst poker site I have ever played on. If MPN closing means they move to a different network I can't see that as a bad thing - it would have to go some to be worse!
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75
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Poker Forums / The Rail / Re: Let’s talk poker
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on: September 23, 2019, 09:58:13 AM
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I won my second Redtooth Poker Vegas 100 ticket on Saturday night in a £22 freezeout with 155 runners. Off to Vegas next May now - still buzzing!
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