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Fixed Rate Mortgage Help
Here's A Thought That I Have Been Huffing And Puffing At Since The Goverment Decided To Help Out The Banks . I Must Be In The Same Boat As A Lot Of Hard Working People That Changed Mortgages Over The Last 18 Months ,.at The Time I Considering My Options And Decided That I Would Not Over Stretch Myself And Went For A 10…
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Has anyone received a letter from Bradford & Bingley?
Hi Was just wondering if anyone has received a letter from B & B (Mortgage Express) confirming their rate reduction? We had one last time when the rate dropped but not heard from them since the 1.5% cut. Thanks.
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first direct life time tracker
Hi there, I'm currently looking to remortgage my property with first direct on their Life time tracker at 0.99% above the BBR. However I have one very Simple question which I can't seem to get an answer to in the terms and conditions. Does anyone know if the life time tracker means I will have to stay with first direct for…
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Renewal coming up next year...
And I'm at a loss at what to do. It's an fixed rate interest only product, funded by - lucky lucky me - a shares ISA, which has lost about 6K off it so far. We were in the lucky position of almost being able to pay it off ten years early until this mess happened as we purchased in 1999 so missed the unfortunate house price…
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Gmac Mortgage - LIBOR
Hi all, Season's greetings and all that. It's great that there has been another interest cut, but my mortgage is linked to LIBOR. Any idea what will happen to my payments - they have not budged as yet. I have a £89000 mortgage and pay approx £740 p/month. I read somewhere that it is looked at quarterly. Any ideas on next…
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Improving Your Credit Score?
Trying to remortgage at the moment and have been refused by two companies. both reasons have been due to a poor credit score, nothing else. I joined Creditexpert.com and according to that site all debts I have are in a 'satisfactory state', I have had no late payments and I am on the electoral roll anyone give me some tips…
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Effects of 1% cut on fixed
hi all. I am in the process of getting a fixed rate deal direct with lloyds/ C&G. I have an agreement in principle - fixed @6.59% for 5yrs (but haven't signed and sent in paperwork yet). My question is (going on previous rate cuts) are they likely to bring out better deals based on the BOE cut?. I asked the LLoyds advisor…
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Mortgage Info Required
When is the earliest time you can get a mortgage product put inplace that will be honered as i have 7 months left on a 5 year fixed rate deal, Thanks
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Can we get the reduced mortgage rate if we have yet to start paying the mortgage?
Hi, my patner and I have been trying to buy a house and we ran into alot of problems first of all. We started a mortgage deal with one major bank only to be told that they thought we were trying to be fraudulant! Reason they already had a man with the same name and DOB as my partner, therefore refused to provide us with a…
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i have a nationwide fixed deal expiriong what to do???
i currently have a nationwide fixed deal expiring in feb/march i have a £57500 mortgage left over a 14 6 month period. i currently pay £481 per month. the value of my house is around 120,000 i am just after some advise what to do in the current climate. i was thinking of reducing my period to 13 years to pay it off quicker…
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Lancashire Mortgage Company
Does anyone else have a loan with them, they are not passing on any of the recent rate reductions despite their variable rate being well over the norm anyway.My payments go up if the interest rate does but I have been told they aren't obliged to reduce it when it comes down. Their interest rates are crippling and it would…
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Paying a little extra
I've decided to stop paying into one of my regular savings and pay a bit more into my mortgage. I have a total mortgage of £153,500 (69k repayment, 84.5k int only) on a £250,000 property. Are there any benefits of paying into the interest only versus the repayment? (or vice versa) I've already checked and I will not incur…
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Getting £100k, what to do?
I'm about to get £100k from ex after buying me out of marital home. On my new house I have a fixed rate mortgage of £180k on 5.49% for the next 2.5 years. My question is should I redeem the mortgage and pay off the £100k thus reducing to £80k and look for a better deal.?Are there still tracker mortgages out there? Or stick…
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Will Nationwide drop ther SVR at 4.69%?
Hiya, I am on Nationwide SVR at 4.69% but will there drop it 1%. There are already cheapest so dont think so. I would like to think that there will drop 0.5% mind you............What are your thoughts?
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Offset tracker mortgage where savings balance mortgage loan... What should we do?
Hi, I'm having a strange day today and can't for the life of me figure out what's the best thing to do so hoping to get some good advice from my fellow MSErs. The Facts* We have a lifetime offset tracker mortgage at BR +.79, so as of today our new mortgage rate will be 2.79% (there is no floor on our deal). * Our current…
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Coventry/Godiva
After the measly 0.5% Coventry gave on their SVR last time round and they had to have a meeting which took a month to organise and the actual cut is not to be implemented until December. It will interesting to see what happens this time - it seems to me that everyone and his dog knew the cut was going to be 1% - so do they…
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Bank Of Scotland Standard Variable
Currently 5.35%. Have they made any announcement about a potential cut yet ? I have had no official confirmation from them yet. Any links/ info gratefully appreciated ;)
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Long Winded - But any advice would be very welcome
Hi, I would greatly appericate any financial advice given. It's long winded but please bear with me. I own two properties, one i live in and one i rent out. Below are the terms of their mortgages and current valuations (estate agent valuations, and i have taken 20k off for more realistic price), with the current rates…
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Getting a new mortgage product
Hi My morgage is due for renewal this coming August 09 can anybody please tell me what is the earliest time i can secure a new morgage product before this date. Im currently coming to the end of a 5 year fixed rate deal and i was informed by a friend that i can look for new products and secure the new mortgage product no…
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Is there a legal right to cancel a fixed-rate deal before it becomes active?
Does anyone know whether a consumer can cancel a verbally accepted fixed-rate deal before it becomes effective? For example, if a deal was agreed in September but doesn't come into force until January, (no product fee was paid up front) can it still be cancelled? I know individual lenders are allowing this, for example…