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mortgage offer for 6 months
Can anyone indicate any lenders that would honour a fixed rate mortgage for 6 months or more? thanks Dave
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Do I want to be MF? What to do with cash lump sum?
Hi all I am new to these boards so thanks in advance for any advice in finding my way through the money maze. Situation: my partner and I currently have a mortgage (about 68K on a flat). We are living overseas and the flat is rented. The rental income (after taking off agent fees, repairs etc) does not cover the mortgage,…
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is my 0.25% rise correct?
I have a £49000. morgage with the chelsea B.S. but the 0.25% rise is an extra £33 is this correct it just seems a lot for a quater percent. My morgage is a repayment on daily interest. Forty nine grand is the present balance. percent raise is from 6.49% TO 6.74%. Anyone good with figures check this please as the building…
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My situation, target too ambitious??
Here's my SOA, I want to know if you think I can make it. I like to work in round numbers so I want to be mortgage (and debt) free when I'm 30 (just before I turn 31 mind) which means march 2010. I want to be able to choose then what to do with the disposable income, maybe travel! Income £1883 per month after tax The…
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Pay it off or not?
Hi, I have been reading Martin's emails for ages now and have saved a fair bit by acting on the advice given but have never used the forums before....so hello! Anyway, I am veryfortunate that my mortgage is very small (£43k bought at the right time in the right place, purely by chance - luck not judgement) and even more…
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Q: lowish mortgage rate, do I invest lump sum elsewhere?
Hi Have a £74,000 mortgage currently on a fixed rate of 4.67% with the Woolwich, and this fix is a 10 year deal that we have only just started - just a few months in. Anyway, an inheritance of £30,000 is imminent and I want to make best use of this money. Would I be right in thinking that with the mortgage rate being so…
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Be Careful !
Hello, new to this so bear with me. We paid our mortgage off after 25 long hard years and then two years ago were persuaded to take out some equity from our house to buy a car, caravan, etc. We took an interest only mortgage for £35,000 out with the Abbey National which was only 5% and only cost us about £65 a month -…
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just got money what now?
i have a mortgage of £130k and want to sell my house £450k I have savings of £80k - would it be wise to use money to pay off using my flexi mortgage - especially considering i am thinking of selling the house. my head hurts i have only just got the £80k and dont know the best way to use it - should i save and where? or…
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Question about Halifax overpayment
I'm a bit confused and could do with someone in the know telling me if I'm right or wrong. We've got a fixed rate (for two years) perfectly standard mortgage with the Halifax. We've been overpaying on our mortgage, not much but it's enough to have reduced the monthly payments. Being a good MFW I went into the Halifax and…
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Mortgage Overpayments vs Endowment
Hi all I took out a couple of 25 yr policies in 1995 and 1997 to run alongside any future house purchase (I bought later in 1997). One is with Standard Life and the other is with Norwich Union (originally General Accident) and I am paying £50 a month each. Like many other policies they haven't performed as well as expected…
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need help with mortgage dilemma
hi this is my very first post so please bear with me my financial situation is a bit messy but here goes my mortgage is for 87k with wbbs took on 21.01.05 2 years fixed at 4.75 percent hence will need looking at in 4/5 months my payments are 515 per month (612 with their buildings contents which were compulsary and…
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I too am now an MFW!
Having been inspired by thefunkygibbons acheivement of 5 years and 8 months ( http://forums.moneysavingexpert.com/showthread.html?t=239210) I am now officially classing myself as a MFW! Here are the details... We took out the mortgage in Feb 2004 for £72,500 over 25 years. We then Remortgaged in Feb of this year and due to…
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Mortgage free in 3 years please.
I have 8 years and 6 months left on my mortgage which i have fixed at 5.48% for the length of the term. The amount i have left to pay is £25000 of which i have £10000 savings which i would be willing to use leaving a debt of £15000 including the small redemption. Can anybody advise me on what to do to clear this debt as…
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How does anyone do it?
This is my first post on here and it’s going to be a whinging one!!! This is a fantastic site, people, but I really can’t see how we can possibly pay off our mortgage early, or even afford to have children. First of all, I would like to say that I feel very blessed with my life – my partner, my family, my health, my…
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please look at my mortgage situation
hello you lovey MSE'rs. ok. we remortgaged at the end of march to an abbey 2 year at 4.79% APR. we are paying the standard monthly payment with no overpayments, we borrowed £70,000 over 20years. we cannot change from this mortgage until march 08 due to redemption fee's. i am now feeling a little upset because we were down…
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new to this forum and wondering...
Has anyone had the means to actually pay of their mortgage in two years or is this totally unrealistic, I watched the programme and was so disappointed. We took our mortgage out for 25 years 6 years ago and at present were at 14.5 years left as well as paying £80 extra overpayment each month although Im not sure if this…
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New mortgage, New MFW
As of tomorrow, my partner and I will own our first house. We have been renting at a mates rate for years, and we have the house of our dreams (barring the decor). I am also getting a new job (at a lower rate of pay) but feel this is the best thing to happen to me ever. Now I have a mortgage, I am an MFW. I thank the lord…
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Some urgent advice
Hi all again after a long time.... I am afraid I need some of your wise advice again. My situation is as follows Salary monthly in my pocket...aprox £1200 overdraft £1670 now you can imagine i get overdraft charges etc every month! :( I am currently trying to get back my penalty charges with the also very wise advice from…
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A Bank Loan To Pay My Small Mortgage Off?
Just wondering if anyone has been in the same boat? I'm coming to the end of my 2 year tie-in period on my mortgage, and I have enough funds in my savings account to reduce my mortgage to £16,500 at this period. However I can only overpay 10% per year off my mortgage, therefore I think I will need to switch mortgages in…
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New deal or stay on SVR?
My Nationwide repayment mortage is £40,000. I'm making overpayments every month and plan to have it paid off by February 2009. My tracker (4.69%) ends in February 2007 and I will then go onto the Nationwide's standard variable rate (5.89%). Current monthly payment: £349.72 plus £500 overpayment. I also plan to make two…