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Mortgage Type
cant seem to find on here the type of mortgage that i think i have heard about where the bank/building society that lends you the money to purchase your property - they lend you 50% of the house value, you pay a 25% deposit and they retain the other 25% of the equity. ???? hope that makes sense
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Valuation for remortgage - what are they looking for?
Morning all. We moved into our little house 2 years ago and were on a fixed rate mortage which has now expired. After lots of reading and consideration we've decided to go with the HSBC fee-free tracker which which we can only have for an LTV of 90% or more. We very nearly had a good fixed rate deal, but needed 85% LTV and…
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First Direct Delays
First Direct are are swamped with calls. Was told today that a mortgage advisor would be able to ring me back on the 20th of October between 4 and 5 and if I was unable to take the call - a possibility given my job - I would need to rebook an appointment with a similar time frame! This is for the most straightforward…
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Splitting up, what to do with joint mortgage?
Splitting up, what to do with joint mortgage.
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Is Now A Good Time To Reduce My Mortgage?
With all the financial stuff going all over the place, I'm wondering specifically: next March my 2 year fixed rate deal (4.95%) is up. At the moment I have £50,000 in various accounts/bonds paying between 6-6.5% and I use the monthly interest payments to part pay my monthly mortgage payments (can't repay earler 'cos of…
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Remortgage nightmare!
Hello all. Following on from an earlier post we have now remortgaged and have finally had the 'numbers' from Nationwide. For reasons that I still don't understand, we are having to find an extra £750 to pay Nationwide for additional interest in our first month. I understand that we have to pay interest for every day that…
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Advice required with tricky situation
I hope you guys can help with some advice on my current situation. My wife and I live with her sister and sister's husband. The property is owned jointly by my wife and her sister. As you can imagine it is pretty hectic, so we are looking to move on. The property was purchased in the early 90's (£73,000 ish). The problem…
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Lloyds TSB endowment surrender value?
Have an endowment from Lloyds TSB wanted to find out what the surrender value is. Is there an easy website where I can just put in the details and get the value without having anyone calling me about it?
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Nationwide rate cut?
Any one know if Nationwide have announced if they are passing on the rate cut on savings or mortgages?.
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Is it possible to re-mortgage on this?
Hi Everyone, just joined today as we are in need of some advice, could be a long post though, sorry My father died last year and mum is now living with us. House put on the market, valued at £154.000, no mortgage on it. Had 3 sales fall through in a year and it looks as if another is about to fail. The house has got some…
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Standard Life Homeplan Endowment
I would like some advise on my endowment which is in Red Alert £25,380.00 is Target taken out 1993 matures 2018 Total value 4 October 2008 £8,325.15 Monthly Payment £40.02 Cost of Life cover £42.66 At low rate plan might be worth £15,100.00 at High £20,700.00 This is one of two endowments I have on my mortgage
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endowment advice needed please....
hi im looking for advice on whether i should keep my endowment going or not.... back in 1998 i got my first mortgage and it was an endowment one , having paid into for the first three years i received a letter saying there was going to be a shortfall so i changed to re payment mortgage. A mate of mine told me if i could…
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mortgage rate went down after i renewed
please someone help i agreed a rate of 6.29 back in july as i was worried about the rates going up my payments don't start untill next month and the rate has now dropped down to under 6% i am with the abbey, so i rang them and they said there was nothing they could do because i have agreed to the terms and entered into a…
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Living in a house with Buy to Let Mortgage
A couple of years back I got an interest only mortgage with mortgage express for a house to live in. I was living in a rented house at the time having STR'd. I used an FA to sort the mortgage out. We moved in straight away and have lived here since. Something strange has happened that's worrying me. Last week a letter came…
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Clerical Medical....so slow to process...
Not long ago I posted on here about my Clerical Medical endowment....thanks EdInvest and Dunst for the advice.... When I asked about the figures....the following day I got all the information about the endowment in the post....the day after getting advice I phoned and told them I wanted to surrender....quite an appropriate…
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Self Employed Mortgage HELP
Hi, My husband and I are self employed and we need help with a basic question: When underwriters look at a self employed income what do they actually look at: As a self employed we have the following accounts: GROSS annual income (the highest amount) GROSS Profit (net profit + tax) NET Profit (gross annul income…
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Tracker mortgages-What rate will they track ??
Hi. I've got a lifetime tracker with the Woolwich which is stated to be 0.29% above Bank of England base rate. I got to thinking that if the inter bank (LIBOR) rate remaons at 6%+ or something closes to this, the bank will be losing money on my mortgage, particularly if BOE rate falls to 3.25% by end of 2009 as is widely…
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Deal or stick?? offer ending this month!
I have a nationwide tracker (+0.24%) on base rate. However it finishes at the end of this month!! I will then go onto nationwides standard variable rate. Nationwide have offered me a new deal which is again a tracker this time +0.64% with no fee for arranging. Do I hang on and wait for a better deal or will I be better to…
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remortgaging- not buy to let
Dear all, Need some help. My existing tracker mortgage is coming to an end very soon: 27/10/2008. I've been keeping an eye on the mortgage offers but my problem is that this isn't my main residence. It was bought as my main residence but we had to move with my husband's job and with the property market doing odd things…
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Can Anbody help!
We were silly enough to take out a 100% mortgage with northern rock 4 years ago. We are now on 7.49% svr; our mortgage payments have gone up over £200 per month. We are just about managing to pay this at the moment due to hubby working all the hours god sends. We have been contacted by northern rock a few times offering us…