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Extensions and mortgages
I'm looking at having an extension. I've been in my house for 10 years, have about £110,000 on the mortgage and guestimate the house to be worth maybe £250,000 now. I expect the extension to cost approximately £100,000. Can anyone tell me the order to do things.... Have my house valued as is Have plans drawn up Apply for…
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Mortgage Int rate advice
Hi all, got a letter this morning from lender (Birmingham Midshire) to say that our 2 yr fixed term has expired and telling me new rate. It has gone from 7.8% to 2.0900% above BoE rate (0.5%), obv this is great news with a monthly reduction in payments of just over £250. I know that no-one can predict what will happen with…
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Overdraft question
Does the fact I have an overdraft impact getting a mortgage? I habe become totally debt free (hooray) as far as cards and loans go. Just paid off my final loan but have not paid any attention to the overdraft. Its for 2500 and I have had it for years. I never exceed it (as in go unauthorised) but get paid about 2800 each…
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first time mortgage help
hi there ppl,im 26 held a steady job on a resonable wage and im looking to buy my first house,my credit report has my rating as 'poor' as when i was younger i made a few mistakes but ive not defaulted on any account i.e phone bill insurance or c.c in the last year or 2,ive applied for loans in the past with no luck,so im…
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critical illness claim advice
hi all , hope someone can shed somelight for me though i fear a trip to a financial adviser is on the cards. we have in place two standard life endowment policies to cover the cost of our house one of the polices was a top policy that was taken out when we married and moved into our new house , my wife already had a policy…
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Accord reduces rates - but is this only the first reduction?
Following the Woolwich etc moves recently, Accord has finally made a magnificent 0.15% drop in rates: http://www.accordmortgages.com/about_us/news.html#091012 My renewal with them is due in February and I could apply for one of these fixed rates now. I am wondering whether it is worth waiting till closer to the time to see…
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Question for brokers????
hi folks, has anyone tried to do an abbey aip late this afternoon? i have tried a few times with a straightforward case but it keeps coming back outside lending criteria? let me know what i am misssing?
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Interest Free Mortgage better than renting?
Hi, I'm not sure if this is in the right place for this question so apologies if it's not. I have rented for about 7 years now (never had a mortgage). I now pay £775 rent per month. Is it worth me trying to get an interest free mortgage to get on the property ladder rather than throw money away as some like to call it? My…
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Woo Hoo!!
We moved from a shared ownership flat to a house three years ago. We got a loan and mortgage combined because we needed to pay off some debt and pay to furnish the extra rooms with Birmingham Midshires. It was a difficult time as Northern Rock had gone bust and all the cheap deals got pulled. So we fixed at 6.99%, total…
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Halifax mortgage advisor disgusting behaviour
Hi all I posted on here a few days ago about being given an Agreement in Principle from the Halifax on a RTB mortgage. I have been looking for two years on and off to get a mortgage but it is an ex-council flat and prefab concrete. I was cautiously happy that the mortgage seemed to be going through but my gut feeling told…
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Why do HSBC want my house insurance details
Hi, We are currently applying for our first motrgage with HSBC, however they want us to provide full details of our house insurance how much we pay, how much the cover is and when we renew, we live in rented accomadtion therefore is not the buliding part they are interested in. The won't process until we give them this Why…
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selling unit link endowment policy
Are there any companies out there that buy unit link endowment policies or is my only option to cash it in with the provider (Winterthur)? Thanks.
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Newley Self employed/Company Director - is a Guarantor mortgage an option?
Hello everyone, I'm the director of my own limited company so for mortgage purposes I think I'm classed as self employed. Been doing this since April and things are going well. I currently own my own house and have done so for about 4 years. I have an excellent credit rating with no ccj's etc. I'm looking to move but the…
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Aviva/Norwich Union Bonus Statements
Every year for 20 years now I have had a Bonus Statement - re my endowment mortgage - from Aviva (and their various predecessors) - usually in June. I have so far received no Bonus Statement this year. I wrote to Aviva and they have informed me today that "they are currently unable to issue bonus statements". How can a…
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mortgage broker - finance advisor
When i brought my first house i used Endsliegh financial services and got free advice and they were really good. Im moving home now, and i need a financial advisor or a mortgage broker, but ive had a look around the web and their websites put me off contacting them. Does anyone know a reputable company to go too? thanks
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How much to borrow?
Hi all, I'm currently looking to buy a house having been saving up a deposit for a few years. In the area I want to live in there are houses ranging from about 80k to 150k. I assumed I could borrow about 4 times the value of my salary (20K) so would be looking at 80k (Plus about 35k deposit). Having looked at some mortgage…
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How old do i have to be for a mortgage?
Or does it just go by salary affordability and credit rating? Any other factors? Also who is the youngest mortgage free member on here? Im looking to buy in 2011 which is a while off but looking to get all the info together that i need. Also dont know how to estimate the cost of bills and food etc aswel as the cost of the…
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Mortgage Nightmare
Hi I dont know if i am on the right thread but i need help. I am in the process of a divorce and have a joint mortgage. I want my husband taken off it as i have been left to pay it for the last year...please dont read that i am a money grabbing....person. I am in a new relationship with a much older guy that i want to…
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Nationwide Mortgage - should we ditch now ?
Hi all, My partner and I took out a 25-year repayment mortgage, fixed for 5 years @ 5.19% APR, with Nationwide in May 2005. The mortgage was for £100,000 on a property valued at £169,995. The balance currently stands at £85,880.12 (for nine of the last twelve months we have overpaid £500). Our fixed rate deal (aka "benefit…
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First time buyer with no clue where to start!
Hello, I am currently living with my parents as is my boyfriend. We have discussed and feel that we are ready to buy our own place. However, I have no clue where to start. What do I need to know? Where do I start? Any help would be greatly appreciated! Thank you in advance! Emma