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How do I start?
Ok, I just posted on the debt free board that in the next 7-10 days I will be totally unsecured debt free!! Next to tackle the mortgage! I have a Northern Rock together mortgage that is fixed for 5 years and I am very happy with them and am allowed to make over and underpayments. Is this a good place to start? My husband…
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Where to store deeds ??
My mum's about to pay off her mortgage in the next few months. I mentioned to her about leaving £100 on the mortgage so the building society keeps the deeds. Sadly they don't offer the service anymore. So she's looking at HSBC deed storage, think its about £40 a year or her solitors (but she does not trust them as they…
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BOE +.25% offset Good rate?
Ok I realise its abit early but My fixed rate is up in Jan 07 and was looking at offset mortgages to try and be MF like some of you, My current mortgage is £41,000 with 20 years left, payments about £290pm, I don't want to make direct payments to the mortgage as worried about leaving myself short, so was looking at Offsets…
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Overpayments - penalties?
I was discussing overpaying a mortgage with my parents, and they seemed to think that you got penalised for overpaying? Does this just depend on what type of mortgage you get? or the lender? Thanks for any advice
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how long do payments take to show online?
how long do payments take to show online? I have just remortgaged to nationwide. (Was used to overpaying with halifax previously). Today i have transferred £10 via online banking from lloyds and paid £20 over the counter into my nationwide mortgage. Online all i can see is the current balance owing £171000:eek: When/how…
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loan calculator
does anyone know an online calculator that will work out how much of a loan you have left to pay.
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Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!
I'm in the usual savings v mortgage quandry but with a twist and really need your help.... I have no credit card debt, loan debt etc. I do all the right things such as having a cashback credit card, cheapest utilities etc. I drive a well-maintained 10 yr old car. I have my pot for car insurance, flat (property) charges…
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Repayment overpayments or interest only overpayments
First time of posting, be gentle! Got 10yrs left of a 25yr endowment mortgage of 30k (no problems with shortfall) Got 18yrs left of a 25yr repayment mortgage of 30k. In a position to pay off some of the capital and maintain my current mothly mortgage outgoings, or perhaps even a little more. Question is which of the two…
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Dmp
Hello I am about to start a DMP with Payplan & if nothing else happens it is set to run for 23 years. However, i was wondering witha DMP does it stay on my credit file as a default for 6 years after the DMP ends or is it 6 years after the original default notice. Also if any of the creditors refuse my offer is it best to…
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Mortgage Overpayments
Tried out the calculator at the top of the page, but foregive me if I am being Tupp but it doesn't make a lot of sense to me. At present I overpay on my mortgage by £50 every month, I tried the calculator and it brought up the figure that I expected (I have approx £100000 mortgage at 5.59%, over 25 years) and the expected…
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Won my charges but when do i get the money?
Just wondered if anyone can help, i won my charges back from halifax and sent off the form of acceptance on friday but heard nothing, does anyone know how long banks usually take to refund, this is with halifax Thanks sorry wrong forum
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Thank You Forum
Hello everybody. I came across this site recently and have been inspired by some of your experiences, particularly the threads regarding paying off your mortgage early. Until recently, paying off my mortgage early never really crossed my mind and I was more intent on building up my savings. However, using the overpayment…
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pay off some of mortgage or put in ISA
Hi, Quick question: If you had £6000 in a cash mini ISA (ie. 2 seperate year's allowance) and were unlikely to need to get your hands on it, would you leave it in the cash mini ISA (obviously one of the higher interest ones) or would you make a penalty-free overpayment on your mortgage? I'd be really interested to hear…
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Mortgage Free vs Savings Account?
I've recently received some money due to a payout from a Critical Illness Policy. It is sufficeint to pay off my mortgage but I am intending on moving house when all of my medical treatment is complete (perhaps a year from now). In the meantime would it make more sense to pay off my mortgage or keep the capital in a…
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mortgage overpayments
i have a mortgage of £57 000 and have borrowed another £80 000 on additional borrowing from abbey national.my initial £57 000 is on a deal till feb 2008,can i make overpayments end of each month and pay extra off my mortgage/additional payments each month?whats the proceedure to make overpayments,do you phone up every…
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Choosing your MF date?
Been lurking here for a while, but just made my first post a little earlier. Lets have a go at a new thread now! Simple one really... how do you decide on a date to aim for to be mortgage free? Eg use online calculators, plop in some over payments and get a feel for a date from there, as previous then trim date further,…
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Redemption benefits
Hi, I'm going round and round with this calculation and getting different advice. I have a £56,750 interest only mortgage @ 5.75% backed by a failing endowment. If I sell the endowment for £26,550 and redeem the proceeds how much am I benefitting by? Obviously, I want to outperform the endowment. I think I'm only…
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Help CeMap
Hi I am studying for CeMap right now and i was wondering...u know the complementary tool they give us(the CD-ROM with knowledge tests and mock exams) is it any good,does it reflect if u are ready ?I am doing around 80% in that mock exam and i was wondering if i am ready....
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Paying morgage or not.
Hi there, first time i've asked a question so go easy!!! Well the thing is that we have a small morgage left on the house but the house needs a few things done like new double glazing maybe a bit of a paint job on the exterior, you know that sort of thing. None of the jobs are needing done right now but would improve the…
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I am totally offset. What do I do now?
My mortgage is totally offset by my savings at First Direct. My interest ayments are therefore nil. I still pay 9 grand a year by way of paying off the capital. Before ringing them to ask this question (always a drawn out experience) can anyone tell me if it might be OK to just stop paying anything to them every month, and…