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What happens if we join the Euro
Hi all, Apologies if this is a stupid question .... I've been looking at long term fixed mortgage products. With the current BR of interest in the UK at 4.5%, long term fixes are available at approx 5%. The rate in the Euro zone is 2.75%. What would happen if we joined the Euro? Would our rate match the Euro rate instantly…
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Mortgage Discharge costs question.
Hi everyone. Can anyone help me with a mortgage query please? I'm in Scotland and have recently paid off my mortgage (early)with the Alliance & Leicester. I paid the required redemption fee and have just received my title deeds with a letter telling me they (A&L) can't deal with the Mortgage Discharge and I have to get a…
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Buy-To-Let: Interest only or repayment?
I am about to buy my first (and only I think!) BTL property. I was going to go for a repayment mortgage but someone suggested i might want to think about an interest only suggesting that I could offset the rental income against any repayments for interest but not for capital repayment... Is this correct and if so I am…
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Not sure what to do...so confused!
Hello everyone, Im really hoping you will be able to give me and my BF some much needed advice! Well between us we earn £44,000 a year. We both have student loan debt (which doesn't go against you on a mortgage right?) and my BF has about £1000 on credit card (0%) and i have a student overdraft of £1000 (0%) which is being…
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Friends Provident have paid out! Endowment compensation!
Hi all, My Mum and Dad have an endowment mortgage (you wouldn't get me on an endowment mortgage if wild horses dragged me!), and it has under performed big time. They weren't going to complain, so I said that I would do it for them if they give me half of any compensation. We wrote to FP but they said that they where no…
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mortgage protection + contents insurance
we currently pay £63 per month on the above our mortgage is shared ownership so our monthly mortgage is £383 ive seen the article on the mpi etc but im very confused can we save loads or not?? our contents insurance expires on 17th august thanks for any advice
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Mortgage Advice - Can anyone Help
Hello Moneysavers, Would appreciate if anyone could steer me in the right direction on a few questions... We are planning to move to a new area, and my partner would leave her current employment. 1) Will be able to pop on the mortgage application my partners income?? Or will this be declined as when we move out of the…
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Wanna buy my first house,but dont know where to start
Hi I am seroiusly thinking of buying my first house together with my girlfriend, however not sure where 2 start and what we need etc., we are looking for a small 2-3 bed house up 2 130.000, but think we may have a problem obtaining a morgage for that amount, we r both employed and earn 800/month - but this is all our…
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Endowment Advice welcomed
I took out an endowment mortgage in late 1988 which has just matured. The mortgage sum was settled leaving less than £3000. I was, as were many people at the time, promised more than double the £29,000 I borrowed so have finished with a shortfall of some £30,000. I made a misselling claim a couple of years ago and…
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Past Underground Mining
Hi, I'm in the process of buying a property and the Coal Mining Report has come back saying: The property is within the zone of likely physical influence on the surface from past underground coal workings. I am paying cash, but my concern is that this will cause problems if I ever come to sell the property and a mortgage…
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Mortage broker
Hello, I wonder if you could help? I am looking for a mortgage/broker in my local area. I have read Martin’s guide on what I should be asking for, but would like to know if there is a resource for locating one locally. In particular given the plethora of products available do they specialise?, in areas such as guarantor…
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Done it the worng way round or was it the romantic way ??
Hi All Done it the worng way round or was it the romantic way ?? Anyway Have good Job in the City, Great Wife 2 wicked kids . We have been renting for the past 10 years in and around London and Brighton, now we are establised on the south coast i feel it is time to lay some roots. Main issue is after COST of living is…
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A while off -but concerned!
As I am a worrier and like to think a bit further than probably necessary I posting this now in the hope of advice to arm myself with. We have a 2 year fixed rate (5.29%) with Gmac that will expire on the 31/3/07 and will jump to 6.9%, gmac loan to those who are considered a higher risk, we were at the very bottom of risk…
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FTB-Mortgage payment start date
After completion can i request the mortgage lender to start my mortgage payments after a month or two ? i.e if i complete in september, can i request them to start my first monthly mortgage payment from november ? Do they charge anything for this ? Thanks
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Mortgage offer Ok?
I would appreciate some advice on the offer I have just had. Some background. I started an IVA about 6 years ago which ran fine until divorce about 4 years ago when I was unable to pay for a year 'till I sold my house and satisfied IVA. At the time I had to go sub-prime and the penalty period is up next month so I was…
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Joint mortgage with 68 year old?
We've found a property with a 'granny annexe' for £188k that my dad and me/husband/son can all live in. Dad's selling his house and putting £94k cash in, and we're aiming for a £94k mortgage (which we know we could get if it was just us). We had a brief chat with a bank advisor who suggested that all 3 of us would have to…
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What could / should I do ??
Hi, I think someone on here maybe able to offer me some advice and guidance for my situation. Myself and partner are graduates in the past 2 years and are now looking at the housing market as we feel in the position to buy now that my graduate scheme with blue chip company has just finished and am moving into a "proper…
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Egg Flexible Mortgage
Hi All I've been looking at the OneAccount, FirstDirect, but have now seen the Egg Flexible Mortgage which seems very reasonable, but I've not seen any other discussions on it - does this mean a) nobodies seen it or b) it's a bad egg! any thoughts on it appreciated!!
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Remortgage Help!
Hi everyone, Thinking of remortgaging and would be grateful for any advice/info. I know I have to speak to a broker for proper advice but just looking for general help at the mo. We currently have an RBS Flexible Choice Mortgage at 5.84% with 63 months to run and £33,613.36 to pay (£16,988 on Interest Only, £8,316.36 on…
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endowment time ran out now what
my three year time limit for compensation has passed .is it still possible to pursue the claim. to further compicate this thread the original selling company has been swallowed up by a larger firm thanks any advice welcome yoshii