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Fixed rate mortgage, but increase in SVR has increased my payments very slightly.
I've got a 2 year fix with Halifax at 4.39% on a borrow of £76,500 + fees. I've just received a letter telling me that their standard variable rate has gone up 0.25% to 6.75%. My monthly payment was gone up from £418.97 to £421.80, so almost a £3 increase. They explain that certain "incidental charges" are added to the…
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Mortgage - Payment with Savings Interest?
Hi Could anybody help me with a general mortgage related query please? My monthly mortgage payment is £910.00. I was thinking of paying off £50,000-£70,000 and bringing the monthly payment down to £500-£600 instead. The interest rate is currently 5.54%. However I have got savings and gain approx £525.00 each month in…
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Skipton Building Society New Products
* 10-Year Fixed Rate (up to 75% LTV) at rate of 5.29% (5.9% APR) * 10-Year Fixed Rate (up to 95% LTV) at rate of 5.39% (5.9% APR) * 3-Year Buy-to-Let Fixed Base Rate Tracker at rate of 5.35% (6.9% APR) New rates In addition we will also be launching our new residential and buy-to-let fixed rate products: Residential*…
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Interest only mortgage question
What do lenders check for when arranging part of the mortgage on interest only? Do you have to produce evidence of the plan/investment? The reason being, I have several savings plans that I contribute to but are not equity based and have at least 2 years left to run. Until these end I was wanting to arrange part of my new…
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Parents going Guarantor on Mortgage - Can this be done??
My folks have very kindly offered to put in £40-£50k deposit to help me and my boyfriend buy our first house so we can now afford something slightly better than a maisonette under the flight path at Heathrow!! My dad also mentioned that he may have to go guarantor on the mortgage as my boyfriend doesnt have a great credit…
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BTL mortgage for ex pat
Im a british citizen currently working (last 5 years) in Dubai. I am looking for a BTL mortgage at 85% on a property valued at £160k. current rental is £200pw (tenants already in place). prefer no redemption penalties. anything available? cheers
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Buy to Let BTL mortgages
Hello there, I'm looking for info on buy to let mortgages. Searching thru MSE returns almost nothing - apart from 2 articles by Martin on something else. I spoke briefly with a bank employee (Bank of Scotland) and she says that not v many lenders deal with buy to let mortgages, she says that BoS/Halifax don't deal with BTL…
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Commercial Mortgage?
Anyone got a commercial mortgage through a broker in the last 18 months?
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Equifax - 'Arrangement to Pay' on mortgage - HELP
Hi gang, Due to a change in job payment circumstances (ie date of getting paid each month changed) back in August 2004 my husband and I asked for our mortgage payment date to moved from the end of the month to the beginning. I.e. we paid August's payment in September and though we only moved it by three days we effectively…
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Ability to Pay?
Just an interesting story to show how mortgage companies (don't) think! I have had a mortgage with Birmingham Midshires for 3 years. I re-mortgaged with them last month and saved nearly £100/month. I decided to release some equity to pay for double glazing. £8000 more on the mortgage would mean i was still £50 better of…
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Another Query - remortgage or secured loan?
After working out how much I owe to credit cards/loans/overdraft I have thought this through long and hard and have decided to use the equity in my house to pay them all off so I only have one debt. My mortgage is £63000 with the Halifax at 6.5% variable and according to local house prices is valued at £145000. I’d need to…
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Remortgage Paperwork Query
I have just found out that my Financial Advisor didn’t arrange a re-mortgage deal when I transferred 18 months ago. I found this out by chance as I bobbed in to my local Halifax to do a mortgage review. My financial advisor rang me the other day asking me to go in as my ‘deal’ was coming to an end. I advised him that there…
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Just thinking out loud really
Does anyone have any idea what I could borrow with just under £10k of debt £30k salary and about £10k of equity in current property thanks
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Remortgage valuation wrong
Hello all, we have recently applied for a further advance from our mortgage provider. Thye wanted to revalue the house and sent a valuer out. This is where the problems start. Valuation in november 2005, £105000 Since had loft conversion done, although 1 bedroom requires plastering due to new stairwell. New valuation Aug…
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Endowment complaint - confused by redress calculation
Hi all I am getting confused by the redress calculation awarded by my endowment complaint. I filed a complaint to L&G about my endowment and got awarded £7683 as a redress back in May 2006. However the redress calculated had assumed a standard variable rate for my current mortgage instead of the more advantageous tracker…
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Any advice - Swiss Franc LIBOR Rate tracker mortgages ?!
Hi, I am looking to sort a buy to let mortgage, and came across the above, with a low rate of 4.44% (5yrs and 80% LTV) - here are more details: http://is.thederbyshire.co.uk/tracker/tracker_features.html (interest rate will be 2.99% above the Swiss Franc 3 month LIBOR rate) Cannot say that I know much about LIBOR, but sure…
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Repayment/interest only
Asked this yesterday but no one replied, hopefully i'll get some today. Was looking at mortgage of 100% at £82,000 on interest only. What do people think of a part repayment/part interest only route instead? As a rough guide i put in amounts of: Repayment - £20910 Interest only - £61090 This way i pay an extra £5 a mth but…
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Are Brokers rates better?
just about to take out new mortgage (should have sorted it out before the rates went up last night I know!) and was wondering if going through a broker is any advantage. I spoke to L&C who came back with a rate that I had identified via this site in about 10 minutes. Do brokers get "special" rates from lenders that us mere…
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Fixed rate ending
I am coming to the end of my fixed rate period with Halifax. It was fixed at 3.89%. I am looking for a fixed rate again. Halifax have arranged a meeting but from the notes, their fixed rates seem uncompetitve compared to other lenders. I'd rather not got throught the hassle of re-mortgaging but if it means I get a new…
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Endowment - Is it best to Sell
My in laws have an endowment policy which is falling well short of what they were expecting. As a result of this together with father in law losing his job, they have had to sell and move to a cheaper property. When this goes through, they will not be able to continue paying the endowment policy. I have seen a lot of…
