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very lucky position
Hi, Firstly let me wish you all a happy new year. Now, I am in the rather lucky situation of being able to buy a house (in Scotland) for £42000 from my mother. The house has recently been valued at £110000-£120000 thus I am looking for a mortgage with a small LTV amount, or so I thought.. However, after speaking recently…
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Broker Recommend please
Looking for a broker to serve the Camberley area please ! Thanks
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Who buys Endowment Policys?
Desperately seeking information. I have been informed by the company we have our endowment policy with, that we are eligable to mis-selling compensation, and have also been given a surrender value. We have decided to change to a repayment mortgage, but now need to find out if we can sell on the endowment policy for a…
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First Time Buyer Mortgage Help
Hi, im a first time buyer and i havnt got a clue where to start. ive seen some propertys im intrested in for around £90,000 and i know i can get a mortgage for that amount. Can any one talk me through step by step in simple terms what i need to do and who i need to speak to please. I realy havnt got a clue where to start…
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Endowment underperforming - advice for another newbie?
I’ve been browsing this site for a while now and taking advantage of the excellent advice and tips freely given :T I now have a specific query of my own, which unsurprisingly is to do with underperforming endowments. Details of the two in question are as follows: 1st provider: Legal & General Sum assured: £20,000 Declared…
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My Mortgage Expires in 4 weeks and My house is on the market!
Can anyone offer me some advice? I've just had a letter from my current mortgage provider saying that we are out of the 2 year fixed period and that the new rate is astronomical! Our house is currently on the market, so I don't know if I should be finding a new provider, or going for a month or two at the higher rate and…
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Releasing equity
Most equity release plans seem to be aimed at people close to retirement. I have about 100K equity on my house, don't want to move, and I'm only 40. Is there any way I can release some of the equity on my house (about half) in a way which is more cost-effective than a standard loan ?
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Alliance & Leicester Mortgage Owners - Overpay now.
Hi all, For anyone that has an Alliance and leicester Mortgage and have some spare funds. This month is the only time you can pay some off your mortgage without incurring a fee. You can pay off anything from £500- 10% of your outstanding balance as long as you do so by the end of January. You might think - Why would I want…
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Can I get a mortgage
My girlfriend and I have been renting in London for the last three years. (₤1000 per month Rent) We have decided to try and get on the property ladder and were wondering how much we could borrow We currently have a joint income of ₤50000 and would need to borrow approx ₤180000 We also have no debts and a 5% deposit. Can…
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FAO The Mortgage Brokers out in MSELand
There seems a lot of posting from the regulars, and some new mortgage brokers out there at the moment. Not really the forum for it but I'll give it a go anyway! Are people busy at the moment and do they expect a busy year??? SS
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Who's in the right?
An endowment mortgage taken out in 1990. The endowment policy cancelled, by me, later the same year. Present day. The mortgage co. insists that part of the mortgage is still covered by an endoment policy and have been treating it as such all along. The part of the mortgage they believe to be endowment has been on an…
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joint mortgage/concerned dad
My daughter (28) has a joint mortgage with her best friend (24) for £140k. They are hoping to complete on a house soon (jan 2006).If her friend pulls out (very possible) my wife and I are prepared to help.We have our own house (£350K) ,no mortgage.Some savings.My daughter on her own can get mortgage £110k interest only.Any…
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Mortgate calculations
Happy new year to you all! I'm trying to work out how much I would have paid off my mortage in 2 years time. I seem to recall there is a website that will work this out. Does anybody have a link to it? I'm remortgaging and want to work out if it is better to keep the term at 22 years. Many thanks for any help Simon
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New Job, 1st time Graduate Buyer, help please!!
Basically I graduated this year and have been in my full time job for just over 2 months, my job has a 6 month probationary period which I believe is not uncommon for new jobs. However my question is can I get a mortgage now as most lenders I have looked at will not lend to people working a probationary period. My…
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As a 40% taxpayer should I get an offset mortgage
After 2 years from my first mortgage. I am researching new mortages. Up until now I've been looking at tracker's. However on the snoozing forum I saw this quote Anyone got a spreadsheet or something that I can do the maths on? Just to point out. I have no savings, and my current account is only ever at most £2K in the bank.
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Flexi Morgage - Possibly very stupid question
Hi all, I have a flexable morgage with Woolwich that is offset against my current account, since the day I got it the Direct Debit has come out on the 16th and no matter how hard iv tried they wont budge on changing the date (I get payed on the 21st ) Any way I can manage the morgage and make over payments at any time and…
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Mortgage Broker Help.....
Hi, i know people think this is probably a stupid question but i dont get mortgage brokers. im in the process of looking for my first mortgage. ive been on many sites and have been comparing the quotes. i came across london and country mortgage broker ( https://www.lcplc.co.uk ) phoned them and they said yes they can give…
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Advice Needed - Obtaining a Mortage with a Bad Credit Rating
Hi, I was wondering if there's anyone out there who knows/would be kind enough to advise me of any companies who will give a mortgage to some with a really bad credit rating ie: me! Thanx in advance Angela
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Halifax flexible mortgage
Hi I have the above mortgage and wondered if anyone on here has any experience of it. I wish to make overpayments to it and would like to know if i can do this as and when using halifax on line site. I have added it to my portfolio but it doesnt allow transfers to it but i could set it up as a bill payment. Just wondering…
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Mortgage Credit Check Fail
Hi all, I have had an offer accepted for 86.5k on a house and applied for a mortgage of 70k with Alliance and Leicester. I have a deposit of 20k. My application fell through as my credit rating wasn't good enough. I took a look at my credit file, and there was a default on there from an old Vodafone contract I had when I…
