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What's your mortgage free dream?
Here's my story...... We currently have 19 years left on our mortgage. I am 26 and my husband has just turned 30. We live in a modest 2 bedroomed terraced house and we only plan on having the one child so it is totally adequate for what we need. I currently work part time and have just been given a promotion, so hopefully…
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First post - Mortgage Q's
Hi there, This is my first post and I am hoping someone who is a bit more mathmatical than me can explain somethng about my mortgage.... My mortgage is approx half IO (with some endowments due to mature in 15 years or so!) and half repayment. It is with the Woolwich Offset Open Plan at a rate of 5.75. Interest is calculate…
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Finally set up my standing order
After months of procrastination, I've finally set up my standing order for £50 per month to overpay on the mortgage. I'm starting with a small amount and will hopefully be able to increase the amount once I get back to work (on maternity leave at the mo). Finally made that first step - woohoo :j rb
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7.11% mortgage please help
Hi to all you wonderfull people on this message board :j . This is my first ever post even though i have been reading theese pages for a while now. Imust tell you all i really know nothing about mortgages as you will find out. Anyway here goes :confused: .I brought an ex council house for £70k at the time 01/04/2005 i was…
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My first post as a MFW!!
Hi Folks!! This is my first post on here.... Thanks to complaining to our car insurance company following an accident, we received £2000 in compensation, so i am off to the mortgage branch tomorrow to pay £1150 off our mortgage!!! I am so happy!! Still have a long way to go mind you, but just wanted to share!! You have all…
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Best choices as regards to investment and mortgage
Circs are the following Joint mortgage (with partner) of 139000, 15 years remaining 1.5k in premium bonds 3k in cash ISA On an average month I have about £500 spare to save or spend and I'm a higher rate taxpayer. I still have large purchases for the flat to make - 1k every couple of months as I save it up so up until now…
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Minor setback but still focused !
Hi. Been hammering away at the mortgage for some time now .. Thanks to redundancy (and another job! ) got the outstanding amount down to a little over 26k :-) overpaying by 450 a month so the target was sept (ish) 2010, all was going well when eldest decides he's going to college a year early !! (yikes). Now got to try and…
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Disadvantages about IVA?
Hello everyone, just wondering we are seriously thinking about joing an IVA agreement and have spoke to a few people, can anyone tellme the diadvantages about doing it, i know we will have bad credit rating but it cant be any worse than it is now. Any advice, greatly appreciated.
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Make a mortgage pig
I know there is a thread telling you how to make your own mortgage pig but I can't find it, HELP??
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New MFW - advice please?
Hello, I am about to embark on a Big Scary Mortgage with my husband and would like advice about the best way to get this as low as possible in the shortest time possible. The mortgage will be £257k fixed for 3 years at 6.19%. This is a 103% mortgage over a 30 year term. Sounds bad, but we are using all the equity in our…
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congestion charge fine now £700!!!!
In September 2004 my husband forgot to pay the congestion charge. He totally in all honesty forgot all about it until we received notification in March 2005. We had moved house in that time and although we had post redirected we had not received any communication about it. He went to the local Court and swore a Statutory…
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Trying to look at the bigger picture...
Folks Calling on all MSE gurus to cast their eye on the following situation. Here’s my scenario. Myself + bro bought a new house 2+ yrs ago at 80,000. Funded mostly from savings but we got a mortgage of which there is £37,400 still left to pay. Since I got married last year I moved into the house and have taken over the…
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Did I give good advice?
My mate is worried about her mortgage, and her ability to pay it in the future as she relies on maintenance from her ex. (long story not relevant) She has 20k in a bond (doesn;t know details :rolleyes: but says doing well and made 5k in four years) She has ING savings of 7k Also other savings of 4k mortgage of 97k, just…
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Overpaid 10% - Skipton reduced payments
Eight years into an 18 year mortgage and I've just made my first ever overpayment of 10% of the mortgage (the maximum I'm allowed.) However on reading another thread here and checking the reply from Skipton, I've now noticed they've reduced the monthly payment rather than the term. I'm assuming the latter would have been…
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how much salad could you buy for £6.50?????
Made a sandwich for lunch and unfortunately had to eat it as 2nd breakfast. So today I was working in Kensington and when work colleagues went into a trendy cafe for lunch, I thought I'll just get something small.... The "small salad" was a selection of 3 salads, and came on a side plate. It didn't seem to be advertised…
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Endownment Policies
I Have 2 Endownment Policies Runining To Pay Of My Mortgage. 3 Years And 6 Years Left To Run. They Wont Reach There Target Shuold I Cash Them In
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To Overpay Or Not To Overpay??
My husband and I have been working really hard to pay off a credit card that was seemingly endless but we have finally done it. Hooray!! :T Now that we have no debts, apart from the obvious dastardly mortgage, we were wondering whether we should put money away in a high interest savings account or if we should overpay our…
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Robbing Peter to pay Paul?
I've joined this forum with a particular question in mind. We have an offset mortgage on which we make regular overpayments. We now owe about £30,000 and the house is valued at £175,000. I am looking for a way to free up some cash to spend on the house but don't want to add it onto the mortgage. I have been told my my…
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Q About Mortgages!!
Hi Everyone My qustion is - Is an 'interest only mortgage' a mortgage type on it's own or can you have like a fixed rate interest only or a tracker interest only mortgage? Hope this question makes sense!
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Nat's Mortgage Free Odyssey...
Hi! Well I thought I would start the journey...odyssey....now to give me more of a push to get things going. DH and I are getting back together after a 6 month split. We have 2 houses currently, but I'll explain in detail later with our SOA. We have one DS aged 2 and we are hoping for more. DH is 44 in Nov and I'm 35 so I…
