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Are People Scared of Mortgage and Financial Advisers?
Hi I am relatively new to this forum but I don’t understand why people don’t speak to professionals about getting a mortgage or related financial advice. Are they scared? Or is it down to bad experiences in the past? A proper mortgage adviser has had to pass several exams and maintain current knowledge of products and the…
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Bad debt/good income -want mortgage!
hi - we are unmarried couple with young child. We are in the process of looking for a house after renting for the past 3 years. Our situation is that we have about 50k worth of credit card/loans outstanding. Our joint income is around the 65k-70k mark. Ive checked my credit score and there are a few 1's over the past…
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help help first time buyer
Looking at buying a flat. At the moment I have about 8 grand for a deposit. Flat I quite like is offers over 96 grand . Question is would I be able to get a mortgage to offer around 103-105 thousand? My current income is as follows 19000 per anum 10% profit share bonus I get a 5% wage rise in march aswell and my profit…
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Mortgage help!!
After hours and hours of number crunching, I am still none the wiser on sorting out a remortgage,from moving... Here are my details:house sale £149000 new purchase price £215000 Mortgage outstanding: £87000, with an early repayment fee before dec of £900. (currently on 4.5 %) Basically, I need to increase my mortgage by…
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£200 back from standard life !
I recently paid off my mortgage with standard life and was charged £250 redemption fee,having heard martin lewis on radio 2 the other week i phoned standard life and they got back in touch with me saying they are refunding me £200 back into my bank account in which i received today !,many thanks martin and keep up the good…
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can i get a refund on my broker fee
hello all, ive just paid my mortgage broker fee. theres a possibility that we will not get the mortgage. if this happens i think we will not proceed with buying the house. we have not paid anything else yet as we are waiting on this application. if this all falls through and i decide not to continue with buying the house.…
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Offset mortgage to reduce payments
Can anyone recommend an offset mortgage that allows you to reduce the monthly payments rather than the mortgage term? All of the calculators I've tried show how the offset cash reduces the term. However I'm quite happy to have a mortgage for the full term, I'd just like to use my cash to reduce the monthly payments. Here…
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Help with some mortgage bits please...
Hi, I am in the postition of almost being ready to buy a house. Unfortunatly I am going to have ask the bank to borrow £3,500 over what they said they would lend me. If this goes ahead when does the first payment come out of my account for the mortgage? If I set a completion date of mid May, would the first payment go out…
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Cheap lenders - point the way please!
Hi I read somewhere on this chat forum that some of the cheaper re-mortgage deals are not always highlighted on sites such as moneysupermarket etc. I am currently loking closely at a deal offered by ING and was wondering if anyone could point me to lenders not captured by these search sites. Thank you for your help Phil…
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mortgage to buy church
Hi Have been searching the internet to find mortgage companys that lend to buy a church to convert to a commercial venture, with no luck. Can anyone help? Let me know here or email :beer:
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A&l
Aliiance and leic. 4.9% mortgage rate seems very appealing. However I have just been turned down for a personal loan from them. Is there any point in applying for a mortgage from them?
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Mortgage Redemption That Shouldn’t Have Been????
It's been a long time but can I still do something about this?..... 3 years ago in March I moved from Surrey to Devon with my family. Before we did this, we contacted our then mortgage provider and asked them what the situation would be with regard to the redemption penalty that we might have to pay. They said that if we…
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Ideas of how to get round redemption penalty?
OK, a long shot I know. I have my mortgage with the TMB and in the next couple of weeks we are getting valuations to put our house on the market. Our fixed rate finishes in August and even if we sell the house relatively quickly after it goes onto the market I can't see it going through until much before then anyway. BUT,…
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Need mortgage
My mother wants a new mortgage and I need some info to get her the best deal. She needs £40,000 over 10 years. We have been looking at woolwich 10yr fixed rate at 5.39 is there any better out there?
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Reduced monthly rate v reduced mortgage term
Hi, I'm on a 5 yr fixed with Nationwide at 5.79, 3 yrs left. I can overpay without penalty by £500 a month. It is better to use this overpay to reduce the mortgage term (i.e. 22 yrs down to 12) rather than using the overpay to reduce each future monthly payment and keeping the term at 22 yrs? Thanks Staro
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Unfair mortgage fees
Given the numbers of people reclaiming unfair bank charges - I wonder if anyone knows if it could be considered unlawful for our mortgage company to impose a £25 fee (and an annual £10 fee) because we take our buildings & contents insurance with a different company? The only reason we don't take their insurance is that…
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Bank of Scotland Grrrrrr
Just venting my frustration here! I have a 180K mortgage with BOS on a fix at 4.99% which ends in April. Thinking that interest rates are likely to go up again I thought that I should start looking around for a better rate, but first stop was BOS to see what they could offer. I called early this week and a really helpful…
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Scottish Life Endowments
Just recieved a communication from the above life company.The predictions on what my endowment will be worth in 6 years look rather bullish.Took out the endowment in 1988 at a premium of £107 per month.Should I be optimistic regarding the future payout?It is a ``with profits``policy.
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GMAC /Birmingham midshires
Hi Just looking for some advice, I am with Gmac just now and moving to a self cert mortgage with BM. see sig for remortgage purposes. I had a call from my solicitor saying gmac are dragging there feet with redemption detail I assume deeds etc? Does anyone have any experience of taking a mortgage away from GMAC? I know I am…
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Mortgage expectation
I am considering taking out a bank loan of £20k to put down as a deposit for a house. What kind of mortgage amount and interest rate can I expect with this loan in mind? Also I have been quoted by Natwest for monthly loan repayments of £393.5 over 5 years and £614 over 3 years. Will the number of years of the loan have any…
