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Urgent Help Needed! Searches damage to credit rating!
Hi, can anyone help us?? We currently have a mortgage with a high street lender and decided to buy another property (then sell ours after and put the capital made straight into the new mortgage). We are literally at the eleventh hour of the purchase and after having had one mortgage promise from the High Street Lender, we…
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remortgage advice please
Hello all, This is my first post:j . I wonder if anyone can help. I currently own a property and have a mortgage of £150k and a secured loan of £23k which is costing me £900 in monthly payments and I really need to reduce my outgoings. The property itself is worth £195K so I have £22k equity in it. I am thinking of…
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FTB problems with Halifax mortgage...
Hi everyone, I stumbled across this very helpful forum a couple of days ago and hope someone can give me some advice. My fiance and I had an offer accepted on a property in London and applied for a mortgage with Halifax 3 weeks ago. We had to do this over the phone, as there was no mortgage advisor in our local branch. We…
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If my names changes ...
How does this affect what paperwork I need to fill in to do with my house? My name would only be changing in surname to the name of the other person who owns the house (i.e. me getting hitched to him!).
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Offset Mortgage - is this sensible?
I haven't seen any threads that quite match my situation, so can anyone please offer advice on this: (I can't see the wood for the trees) My wife and I owned our house outright, then in December 2004 we raised a £100k offset mortgage on it with RBS (our regular bank) for 9 years for the purpose of buying another property…
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Newbie needs help - Remortgaging on 50% shared ownership??
Hi All, Im new here so hello first of all!! Ive had a butchers around the site and its looking really good! Little bit of background on me...im 22. Have a 50% part owned house, around £20k debt, a job that just covers all bills / debts (not including food or petrol!) and we have 2 kids. The girlfriend is at the end of…
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People who don't remortgage - is there ever a good reason?
Wow! Just remortgaged away from Abbey at £890/month and just received a crossover letter from them saying it would have gone up to £1015. I'm now with another lender fixed at £630 for three years. Yes, I know it's a gamble, but.... phew!!
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ING remortgage
I have a £19,000 mortgage with Bank of scotland for last 12 years-receive this morning letter dated 30-11 that as of 1-12 new rate is 6.55% and monthly payment£225.74. Since they bacame hbos they are not flexible any more -ie. no special offers etc for existing long time customers. I have jsut checked ING and the minimum…
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Big mortgage, reduction in salary
Hello everybody. I wonder if anyone can help me. I have a mortgage of around 135k on a property which is probably worth around 210-220k. This was taken out in 2004, and is half discounted variable and half tied in until 2009 – both halves are with Britannia, which basically means I'm stuck with them for now. At the time of…
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Endowment policy query
Hi everyone! I've got an endowment policy that was taken out in August 1999 with Abbey Life as security for a mortgage that has been paid off when I sold the property. I carried on paying in and the most recent statement has a surrender value of about £8,500. The insurance payout if I die is just over £49,000, and it…
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C&g Error?!?!!?
Just a bit of a moan and a wonder really....... I'm a first time buyer who is now in the 3rd week of living in her new home with the man of my dreams and whose mortgage is with the C&G. My moan is with the C&G; basically they rejected our first mortgage application as they said I had a default for £40 with a company called…
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Remortgage for Parents, what's the best route?
My Parents both in their very early 70's are asset rich but cash poor. They own a house which is worth in the region of £150K - £160 (having checked on ourproperty.co.uk for recent sales). They have a mortgage in the region of £20K, so plenty of equity. My mother has a pension, my father has a private pension and small…
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advice please
Hello Just looking for some general advice if possible I live in Burnley with my partner and children. I am writing in the hope that someone can either help me with my mortgage application or can give me some advice about who might be the best person to contact given my situation. At present my partner and I own a home…
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Natwest Mortgage For Natwest Advantage Gold
having reached the end of my 2 year fix mortgage deal, I have now taken a new 2 yr fixed at 5.19% through Natwest, according to the Natwest website http://www.natwest.com/personal02c.asp?id=PERSONAL/BORROW/MORTGAGES/REMORTGAGING advantage gold customer taking a new mortgage or remortgaging would benefit from £150 cashback,…
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Fixed or Variable Mortgage
I am looking to remortgage on a property valued at £200k, present mortgage variable at 6.40% on £75k. My question is should I go for a fixed or variable rate mortgage. For the former type I have found Stroud & Swindon at 5.15% fixed for 15 years with £840 setting up fee, and on the latter type 5.14% with ingDirect and no…
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estate agents
I am currently buying a repossessed property that was due to complete within 28days. This date has now elapsed and the property has now been put back on the market despite everything still in motion. (I have a 1st time buyer for my property so there is no chain). My gripe i feel is with the estate agent. My paperwork with…
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Mortgage offers and subsequent moves
Hi all, After some advice, durh, obviously :-) Situation is this, we were going to buy a new home but the purchase fell through. We had already paid for the valuation, which had taken place, but we were going to add the mortgage application fee to the mortgage. We have now asked if we can move our existing mortgage onto…
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Mortgage broker-idea
As a whole of market , broker fee, mortgage broker, Im quite happy to post my thoughts/advice... but wouldnt it be a good idea if MSE had an area where members of the public could contact us, us mortgage brokers could, for an annual feee, advertise in an areas by post code or town and most importantly there could be a…
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worth getting a mortgage promise now...
hi chaps, anyone recon it is worth getting a mortgage promise now, my deal runs out in april, but i recon the interest rate will keep going up next year so by the time april comes, i think the deals will have changed and fixed rates will be higher... so if i sorted a promise now ( good for 6 months, correct?) i COULD get a…
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Remortgage??
I received the dreaded letter from the mortgage company today! My rate has now risen to 6%, i have a £60,000 shared ownership mortgage with the Kent reliance building society. Is it a right time to switch my mortgage? Is there a right time? We have had this mortgage for over two years and it was our first. As far as i am…
