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Re-Mortgage today....few questions
Hi all I have an advisor coming to see me today to take care of my re mortgage. At the moment im paying a repayment mortgage on 120,000 with payments of 780 a month. The house is worth around 160,000. What i want to do is borrow around 8K and also go interest only for a couple of years as things have become tight due to…
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Re-Mortgage Advice Please!!!!!
This is my first post so be gentle! My 5 year fixed rate mortgage will end at the end of September. I am looking to get advice on what I should do next. I am currently paying £257 a month and £118.07 in additional loans that match the term of the mortgage, total of £445.07 per month to Alliance & Leicester. They have sent…
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First time buyer advice
I'm basically just after some views on what I've been offered from my bank for a mortgage. I'm going to speak with a broker today though to see if I can do better. I'm a graduate first time buyer and the product that interested me was the HomeStart Mortgage and the mortage will be a 100% mortgage. The bank says they will…
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Monthly overpayments.......
or capital repayments?! We currently owe £33k on our mortgage with 16 years left to run. At the moment we try and save around £220 a month (just to see if we could do it and therefore move house eventually and have a bigger mortgage!). When the savings make it to £500 I send a cheque off and ask it to be taken as a capital…
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Mortage shortfall and Drydens
Please help ,, My house was repossesed in 1993 and was sold for 15 K this left a shortfall of 17k i had no contact until 2005 just 2 months befor the 12 year deadline when i got a letter from County Court saying that bradford and Binglyhad applied for a charging order, the company acting for BB was Drydens, when i got the…
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Quirky Mortgage Query Any Help And Advice Please
Hi all, Currently live in a 4 bed victorian terrace. Son going to Uni in Sept so there's just hubby, myself and a 12 year old left so it's too big really. When we bought my self employed earnings were fairly good, and hubby didn't work so mortgage was self certified. We currently owe just over £61k on current mortgage.…
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How long should it take on average to complete on a Mortgage?
Ok 1 question with some history, Friday spoke to a Mortage advisor who said he would source the best deal for us and get back to us today, but that in the mean time we could put in an offer on a house. Monday (today) not heard from the Mortgage advisor yet but We've put in an offer on a house thats been accepted... so I'll…
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RBS, ONE ACCOUNT, Natwest & First Active Rate Increases
Following the announcement by the Bank of England to increase its base rate,we’re increasing the rates on some of our RBS and NatWest mortgages as follows: RBS and NatWest tracker mortgages* Rates for new customers will increase by 0.25% with effect from 14 August.* Rates for existing customers will increase by 0.25% with…
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Woolwich 10yr Fixed Rate
Does anyone know if the current 10 yr fixed rate deal being offered by the Woolwich is still available? I have just looked at their Internet site and it suggests it is. If I wanted to get that rate, what would be the quickest way of "reserving" one, before it increases/disappears? Is it better to apply online or speak to…
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Good deal or bad?
Hi, I have been on a discounted mortgage since 2001 and it is now coming to an end. However, I have had letter from the building society telling me that they can offer me a further "exclusive" (yeah right!)discounted rate when my current one ends in september. They are offering 4.99% until 30th Sept 2008. Just another…
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Mortgage Advice lease :)
Hiya there! Been floating around on this website for a while and wondered if u guys could give me a bit of advice. Il be looking to move out in a years time with my girlfriend. I earn 14100 per year and she earns 12000. i have a bank loan of 17000. How would this affect me getting a mortgage and how much do you think i…
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advice on a good self cert lender?????
Hi All ,...Anyone got any personal recommendations regarding a self cert mortgage & Time scale to completion,..Time scale to the offer been made???thanks in advance best wishes.
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Annual or daily interest?
Having found a 4.99 fixed rate mortgage through Portman I was surprised to learn that they calculate interest on an annual basis. I am using London & Country and they have advised that this does have an effect on the mortgage rate and actually increases it slightly to 5.02%. That said - via this website I have been advised…
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Which lenders take into account outgoing CSA payments?
Can anyone help me with this? My OH quite rightly pays child maintenance. What we want to know is will a lender treat this as a debt? Ditto my commitment to childcare each month - nearly 1k per month between the two. We have a capital lump sum coming that will pay off the carloan so will have no debts. Looking to double…
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How long should a endowment mis-selling complaint take?
Hello MSEs I complained about the selling of my endowment in late April this year. The firm dealing with the complaint were prompt and polite. They sent me a letter and the questionnaire to complete in May. In early June they sent a many paged report rejecting my complaint but had done so without reference to my…
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buy to let rates
I have had a look at the best buy tables from moneysupermarket, moneyfacts, charcoal etc. just wanted to know real cases and happy to hear of any good deals out there.
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lender charges
why are increasing numbers of lenders introducing percentage charges as arrangement fees? Do these accurately reflect the true cost to the lender or nothing more than a neat way to extract more profit from the borrower over and above their usual rate of interest? I have seen charges of 1.5% of the loan value, which on a…
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How much can I borrow?
I know there are loads of posts of this type already, but I'd appreciate some advice. I've been renting privately for a couple of years now, hoping property prices would eventually come down. While I still think this will happen in the long term, I don't think it's worth waiting to buy, as rent payments are just dead…
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How does an endowment mortgage work ?
A colleague of mine has one of these which is due to expire from natural causes very shortly. Upon checking his most recent Bilding Society mortgage account statement dated 31/03/06, his gaze was directed to the following statement, "The term remaining on your mortgage is 07 months". This would presumably mean mortgage…
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Consent to let & takeing out a new Mortgage
Hi all, hopefully some one will be able to offer some advice My girlfriend and I both own our own houses and we would like to let them both out and buy another house together, my girlfriend has enough equity in her place and current mortgage is up for renewal to swith to buy to let, I on the other hand have little equity…
