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Mortgage Question,Help Required.
Hi,wondered if someone can help me here,I currently have a mortgage with a building society ,when the Libor rate fell to 0.5% the building society said I had a cap on my mortgage that meant I still had to pay 3%,my question is if the Libor rate was to move to say 1.5%,will I still pay the 3% or will the building society…
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Suze's quest to be mortgage-free by 40
Hi all :hello: I feel a bit fraudulent posting on the MFW board as the size of our debt is pretty small, but even so, neither of us want it hanging round our necks for the full 25 years. Also, when I was saving for a house deposit, I was active on the savings boards, but now I no longer need to focus on savings rates etc I…
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Just about to get my first Mortgage - question
So how soon until I can be realistically mortgage free? I'm just about to borrow 63,000 at 1.89 above base for the lifetime of the mortgage; so currently 2.39% over 25 years. HSBC lifetime tracker special: https://mortgages.hsbc.co.uk/product/A001001730001001731001001732-lifetime-tracker-special?source=results Totally fee…
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Not a spring chicken!!!
Hi :j I read this forum most days and sometimes get very despondant that there are very few 'older' posters trying to finish their mortgage. Is this because they are all paid up already?:( I am 3 years away from 50 and hubby a bit older. We have 98,000 left and I hope to finish in 6 years. Anybody out there willing to give…
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Transmuting my mortgage debt
I've been following this forum avidly for quite a while now, and am in awe of how well so many of you are doing. So today I decided to take the plunge and make my own thread. Introduction I got my first mortgage in 2009 when I was just turning 33. It's a joint mortgage with my husband, but he and I have very different…
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daily interest?
Hi can any one tell me how to work out the daily interest i was paying to what i am now paying bearing in mind my over payments? I started overpaying at Jan 2010 with a balance of £105,480.59 and am now at £99,980.87!!! im really pleased with my progress! I have an interest only mortgage at 5.83% fixed until Feb 2012.…
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Lois_E begins a long MFW journey
Hello everyone. I've been lurking on here a little while and decided now was the time to join. You all seem so encouraging. I'm not sure how much of a challenge to set myself, so I'm going to begin with a mini challenge: keep a spending diary for the whole of May. I'll set a proper mortgage OP challenge after that, when…
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To be or not to be mortgage free?
We have two young kids (aged 2 and 4) and have been living in Paris for 3 years as I moved here on a short term contract for my employer. We kept our 4 bed detached house in the UK (Bristol) and have tenants in but have just put it on the market for £450k as I will return to work for my employer in Hampshire. We have a…
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mortgage free wanabe
i am thinking of adding a loan to my mortgage, mortgage balance now at £57500 , 15 years left the loan is £7000 with 6 years left, i have been offered a good deal 4.77 fixed for 5 years payments will be less than i was paying when stuck on high rate, so will pay extra to get term down . do you think i should go for it.
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Can I buy my fathers house for less than market value and are there any tax implicati
My elderley father is struggling to live alone and I would like to buy his house and move in with my family to care for him. His will at the moment states that in the event of his death, the property is to be shared equally between me and a sibling. Can I buy the house for half the market value and can then my father than…
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New MFW just about to get another mortgage!
Hi folks - will try and explain our situation the best I can. We currently have an outstanding mortgage of around 42K that has just over 10 years to run through Nationwide. Currently on a tracker deal with this mortgage that is due to expire in September and the rate is currently 2.64%. As a result the payments should be…
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Paying off the Mortgage on the Sty!
My plan has just been turned on it's head as I had hoped to be on a career break from my baby's first birthday, at end of May, for 4 years. However, big changes at work while I've been on maternity leave have resulted in my request being declined and so I've got to return to work on my baby's birthday! I'm just about over…
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Hello everyone, please help AuntieMabel on her mortgage free mission!
Hello everyone, welcome to my new thread. :hello: I must begin by confessing that I'm not really a Money Saving Newbie as I have lurked, read and 'borrowed' from these fab forums for several years but have always felt a bit shy about joining in :o Briefly, this is me - I am 40, DH is 46 (equally as MS) and we have 3 DS & 2…
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Almost Mortgage Free last £600
Almost done it. Mortgage Free No CC debt so almost free from the banks...:j Just got a Statement today.... our property 150,000.00 Your current facility -32,723.00 Your balance (22 Apr 11) -575.85 Your available facility 32,147.15 Uncleared funds 0.00 I don't think I could have done this so quickly without the Offset and…
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How to convert Blu-Ray/DVD/Video to iPhone/iPad, Android, BlackBerry, MP4, etc.
Nowadays, there are a number of media portable players emerging and enriching our daily life greatly. We enjoy our favorite movies and music with all kinds of portable players such as iPod, iPhone, mobile phone and so on. Meanwhile you also need converting during many formats. Here I will introduce the way to convert Blu…
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Paying off a mortgage
I currently have 28000 left on my mortgage which should be paid off within 4 years. I have moret han that amount sitting in a range of savings accounts with quite poor interest. Is it worth paying off the mortgage in full now?
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Getting a mortgage 3 years after poor credit
Hi Folks, I have just come out of having a bad credit history for the last 18 months consisting of: · Missed/late payments on credit card · Going overdrawn a few times · Having to set up a payment plan over 5 months on my O2 mobile as received a huge bill However, since February I have been on the straight and narrow…
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Countdown to 40 from a new MFW
I have been lurking for some time and have decided that I need to start a diary to keep me motivated. I am 28 and have three children. We live in the middle of a city suburb on a busy road and no garden (just a yard). I love my house but I dream of living in the countryside. My middle son has some learning difficulties and…
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New Diary - pre mortgage, MFW
Hello Firstly let me introduce myself. I'm 40 and have two children and a husband. We're both self employed. We live in the south west and have been living in a rented house since 2007 when we sold our own house at the top of the market (valued / sold summer 2007). We would really like to buy our own house again but for…
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Amanda Starts her Mortgage free Attempt!
Hi Everyone, A bit about me... 2010 Got divorced and was left stuffed with the morgage which was way too large for me on my salary and a house that i cant sell as its fallen in value. The house is currently rented out. Upside, lost a lot of weigh (from 133kg - 85kg) in a year and three months, and got a bit of a pay rise.…