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nationwide - will they make offer
Hi - we reserved a nationwide mortgage a few months ago and have been waiting for all the paperwork to come in (mainly employer's reference as I am on maternity leave - my company have been v slow). Since the initial offer, we provided a cheque to Nationwide for an extra £1999 for a new and better 5 yr fixed rate to be…
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Endowments: terminal bonus rates falling
We are now getting reports that insurance companies are cutting final bonus rates to reflect the market falls over the past year.This is of particular interest to anyone with an endowment that is coming up to maturity where it is possible you might get more if you surrendered now and invested the cash, rather than wait…
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mortgage advice
Hello, Been turned down today by nationwide for a 95% mortgage, we are looking to borrow £139k on a £147k value house i have 8k as a deposit, my credit record is a tad spotty, one default 3 years old for £200 (settled) and no late payments in the last year. The mrs has had a couple of late payments this year so basically…
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Bradford & Bingley Mortgage
I have a base rate tracker mortgage with mortgage express & wondered if this would still be honoured, or will I be forced to switch to another company. Would it be worth while switching now? Help I don't know what to do for the best, Mortgage Express says it's business as usual & there is no problems!!
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Mortgages and Student Loans
Hey guys, will student loan affect my ability to get a mortgage. its only for about £7,500 and just comes out of my wages each month? thanks
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15y fixed mortgage with Northern Rock
Hi all, I took out a a 30y mortgage with Northern Rock in 2006 and got a 15y fixed rate. The idea being that we could have consistency while the kids grow up and overpay into it to give us some options at the end of the 15y fix (pay it off, downsize etc etc). Given the current banking situation what I am trying to…
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Interest on overpayment of mortgage
Hi, hello to the forum. This is my first post, so some of the terminology may not be exact. My question is, I took out my first repayment type mortgage in 1986, during rising inflation. My monthly payments kept going up as expected. When the rates eventually started decreasing, I opted to leave my payments as they were,…
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Do mortgage lenders really have to honour an illustration 6 months later?
Hi all, I remember reading an article on this site which I now can't find, which said it was worth looking for mortgages now, even if your current deal doesn't run out for another 5 months. I have a few questions if that's ok? 1) Is just getting an illustration in writing enough, or do you have to have an actual mortgage…
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Friendly Society Endowment
How are Friendly Societies holding up in the current climate? I have a 60K endowment due to mature in 11 years time. No scary shortfall letters as of yet. Thoughts? No news is good news?
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Help please
Hello I recently got my fist mortgage. It's a 95% mortgage, 5 year fixed rate. I am pretty new to all this.... I'm looking for a bit of advice on what to do when the 5 years is up. What happens? Obviously I need to find a new mortgage, but do I need a large deposit again, or does it work differently to that? Hope someone…
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When can i re-apply for a mortgage?
Me & my husband have just applied for a mortgage with Natwest, unfortunately it has been refused due to a problem on his credit report. We got a copy of the report & it was a direct debit that was not paid due to changing bank accounts & moving house. We have contacted this company & have settled the account. They said…
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Have you been affected by Northern Rock's repossessions?
Five News is doing a story about Northern Rock repossessing a far higher number of houses than the other lenders. They would love to interview a MoneySaver who has been personally affected. They would like to arrange a pre-recorded interview with them today. Whilst the areas around London or Newcastle would work – if…
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Additional Statement - ME
Does anyone know if Mortgage Express charge for additional statements?
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Fast Track for Self Employed
Hi, can anyone help please, we had a mortgage in principal with BOS but now, having found a brilliant house, we went back to our broker to be told we can't get a tracker mortgage from BOS and it has to be fixed rate and at a really high rate. He then said possibly Abbey but have just found out that they won't allow us to…
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Help with remortgage
Does anyone know of any other banks who who offer trackers that are close to HSBC's base rate +0.94 tracker rate and the similar one at First Direct for 90% LTV. I've been declined for both and wanted to find out what the next best thing was, but I can't see anyone else that's anywhere near them. Are they really such…
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woolwich mortgage - should i be worried
I have a lifetime tracker and as the base rate has just dropped i called them up to get the monthly payments recalculated (which is what you have to do) however, they told me on the phone that all customers were getting a letter after 1st Nov (mortgage year end apparently) to advise them of how things would now work i pay…
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First Time Buyer, Mortgage Rates
Hi I'm in the process of buying my first flat, I was wondering with the drop in interest rates and the Government insisting that the banks bring lending back to 2007 levels can we expect to see a drop in Mortgage rates any time soon? I know that the banks are trying to make more profit and so didn't pass on the 0.5%…
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Job change - what are First Direct like?
We have a re-mortgage set up to complete in 5 weeks time. My husband is looking to change jobs. He has not made any decision yet, but is at the point of having offers to consider. The job will be very similar money. Will FD be bothered if he changes jobs? I had a simialar situation with Britannia before (at the last job…
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Re-Mortgage Query
Hi there i'm starting to wonder about re-mortgaging my house but i still have another year to run on my fixed rate deal. With all this credit crunch talk and a recession looming house prices have come down considerably. I own a 3 bed end of terraced house in S Wales and we re-mortgaged with Northern Rock last October witha…
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Northern Rock final payment fees
Hi there. we are coming to the end of our fixed rate deal with NR and have successfully got another good deal with the Woolwich. However, when we asked the NR for a final payment figure, they have added on a £1000 fee for "help with costs". They tell me this is a figure which they seemingly gave me when I remortgaged 3…