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Remortgage and pay more?
1st post so please be patient. I am a little confused about remortgaging and would appreciate some advice. Two years ago i moved from an interest only with the Halifax to a repayment with the Northern Rock (4.49%) over a fixed two year period. The mortgage was initially for £90,000 and was increased to £215,000 one year…
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Need to get rid of endowment?
Hi my sis recieved a letter stateing that her mortgage endowment has a shortfall and that she should take action to correct this, but she just wants rid of the thing all together and then look at another way, like a life insurance policy to cover her mortgage and funeral expensies. She is looking for best way to get rid of…
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ReMortgage to buy a car?
Our car is getting very old and we want to treat ourselves and have a brand new one. We are only looking to borrow £8,000 for a Mazda 2 but don't want the normal repayments that you get from a loan, although Northern Rock has a very good interest rate. We recently had a letter from our building society asking if we wanted…
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Diffrence between Current Account and Offset Mortg
Hi , Could someone please explain the difference between a Current account mortgage and an Offset Mortgage i am a bit confused - i assumed these to be the same, but i found out that a CAM reduces the term by 16 years and an Offset reduces the term by 6. Both the mortgages have the same assumptions. ???
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Re-mortgage help
I hope some of you experts can help me ::) My two year discount deal with C&G (currently 5%) is coming to an end shortly and I am now looking for my next deal. The best C&G now does is a tracker @ 5.39%. My mission is to find a mortgage deal that is: A better rate (obviously!) Total cost over 2 years (inc. all the fees)…
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Mis-selling claim
Anybody able to give some advice based on their own experiences of complaints re mis-selling? ??? We have a purchase plan which is projecting a shortfall greater than the national debt (almost). "Rover" was not just "Wild", he was...well, furious!! Anyway, rant over.... >:( They have admitted that their "records are…
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Funding an extension...
Hi all, First post and an excellent site by the way. Not sure if this is the correct forum for this question so I stand to be corrected. My partner and I have recently purchased a semi detached bungalow with both our names in a joint mortgage with Standard Life Bank. We are considering an extension to give us a bit more…
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self-build non-status mortgage anywhere?
??? We are trying to find a self-build mortgage. I am self-employed and we would prefer a non-status mortgage as the profits from the business are not great. We take a reasonable salary each month and plough a lot back into stock. We have very good equity in our present property and would be reducing our mortgage on the…
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interest only/capital on death
I hoping that anyone out there can come up with some answers for us. My father died a few months ago. He and my mother had an interest only mortgage which had been running for 13 years & still has 12 years to go.Unfortunately he had not taken out life assurance or any other repayment vehicle to repay the loan in the event…
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changing a mortgage
I have just recently moved back home and have started my first teaching job and would like to go on to my mums mortgage. At the moment she has an endowment mortgage and we would like to change to a repayment mortgage. Could you please tell us the best way to go about this or the best people to speak to etc. Thanks. Claire
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Deeds Release Fees - Can you beat £225 by NR?
In the process of calculating remortgage costs, Northern Rock inform me that they will want 'their final snack on my money' to the extent of £225. :-X Is this the highest anyone knows of? For what is essentially finding my deeds in the file and posting them to my solicitor I think this is plain wrong. I understand that a…
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Remortgages - mortgage arrangement fee
I am desperate for advice as to my rights re this matter. I applied for a remortgage over the telephone in Aug and was accepted in principle. Paperwork was sent out to me and I signed it and sent it back with the relevant bank statements, etc. I also sent a chq for £349 - the mortgage arrangement fee requested.…
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Advice/Help re Endowment & Remortging
Hello I am new here and learning lots quickly. I am looking to renew my mortgage as the current package is ending. It is currently in two bits 1. £34200 mortgage interest only covered by a endowment with Axa Equity & Law. I pay £71.98 a month it matures 26/02/23 and was originally to cover a £41800 mortagage. I use the…
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Endowment Surrender
I am preparing to surrender a useless endowment policy which I no longer need. Can anyone provide advice as to the best place/ broker to go to get the best possible price for this on the second hand market. Many thanks.
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remortgage deposit
probably a silly question this but i am about to re mortgage to finance a divorce settlement and the question is will i have to come up with a deposit?
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Moving home, Fixed or Tracker
Hi, I currently have a tracker with Halifax for £17000. My new mortgage will be for £40000. I've been into the Halifax today and she advised me to go for a fixed rate of 4.99% for 2 years with an arrangement fee of £499. The new payment of £236 per month sounds ok to me but would I be better off with another tracker.…
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First Time Buyer - Bad Credit!
Hi, I'm 25 and earn £25,500/year. I've got £6000 savings and currently pay out £300 per month in debt repayments on various old loans/credit cards. I've got 5 Defaults from 1-2 years ago but have not missed a single payment for 2 years now with anyone. Can anyone tell me: 1] Am I likely to get a mortgage at all? 2] If so…
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Mortgage fixed rate fiasco
If anyone can make sense of this, let alone offer any advice, I will be a) grateful and b) impressed. I bought my flat about 12 months ago. The guy who lives next door to my parents, while not a mortgage advisor any more, can still do mortgages through the company he works for. I talked to him and ended up getting my…
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Offset Business with personal Mortgage
At the moment I have a 38K mortgage over 25 years, started in '98, interest only with Nationwide, paid back, hopefully, with a savings scheme of £75.00/month over 25 years spread through 3 schemes . As I'm a self employed sole trader, most of my capital/savings is in my business account. Business bank (NatWest), has…
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Nationwide Mortgage Insurance Questions
Hi there, My mortgage is with Nationwide and our building insurance is covered in our flat's service charge. What insurance companies does nationwide deal with? What are the best ones to go with? Does nationwide usually require any form of life cover? If so, does it needs to be inplace before we get the keys to our flat?…
