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New Build Mortage question
Hi, I have just exchanged contracts on a new build property which is scheduled to be built by July 2007. We have a formal mortgage offer which is valid for 6 months however I have noticed the building society has slashed the rate by 0.4% on the same mortgage. My question is it possible for me to change the provider before…
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When is a fixed rate mortgage not a fixed rate mortgage?
When it operates on an annual review basis! Anyone else had this with their mortgage? We got our ten year fixed rate 4.65% from Leeds BS last year and assumed that the repayments would remain the same for the next ten years. Well, I was shocked to see that they have increased the repayment by the princely sum of…
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Mortgage after CCJs?
I have 2 CCJs, both acquired when I was out of work and both still unsatisfied at the mo. I'm hoping that they'll both be paid off by the end of the year I have a few other outstanding debrts, again I hope they'll be cleared by the end of the year. My question is, will I still be eligible to get a decent rate mortgage? How…
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Ombudsman Ruling! Help?
Hi, hoping there may be someone out their who could help. On taking advice, I engaged a ombudsman to precide over my endownment short-fall taken out with Lloyds bank. Having waited well over 12 months for a decision, it was eventaully ruled in their favour. Does anyone have any advice on whether I could still pursue this…
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what are our chances? - help!
Hi Me and my fiancee are going to see a financial advisor in a few weeks (so I know these questions will be answered but I just wondered now!) to talk about getting a mortgage ..at last! I have had a serious amount of debt that I got when I was younger and I have been trying to pay it off BEFORE getting a mortgage but I…
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Bristol & West Mortgage Redemption Charges
Hi chaps Like everyone I have challenged my lender to justify their Mortgage Redemption Charge of £195 - in the hope that I would get a nice fat figure back - along the lines of a number of successful comments which people have posted on this site from other lenders. However, I have just received a letter back from Bristol…
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Buy to let rules and mortgage help
Hi everyone, I am looking to do a buy to let but really don't know much about which type of mortgage I will need etc. Does anyone know somewhere I can find out about new landlord rules? Is it best to pay as much up front or the minimum? Should I only pay the interest back? Any info or redirecting to a good book or site…
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Please help!!! In need of advice about mortgage
hi I have a joint mortgage with other half, who has now decided he wants out of the marriage (because he has met another woman). We have had 4 children together. The arrangement was and has been, that he paid the mortgage, council tax and he also paid the t.v licence, whilst i paid the rest of the bills and household…
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Surrendering Endowment (Who With?)
Hi I have been given a compensation offer on a Prudential endowment which i plan on accepting. They are offering £14980 as a surrender value too but was wondering who else i should try for selling my endowment to and is there any pitfalls to watch out for as i fancy changing it to a repayment mortgage. Thanks
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Help: First time buyer - Adverse
Morning folks I'm hoping to place an offer on a property currently marketed at offers over £55,000. However, I am not confident of getting a mortgage. I'm 22 years old, and I'm currently self-employed (as of Dec 06). I would need to self cert my income on this, but I believe it to be £25-30,000 p/a. I have 2 credit cards,…
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Two mortgages on property
Hi all - I would really appreciate any help people can give me. We currently have two mortgages on our home, both are with Nationwide fixed rates. The first (£120k) was 'ported' over when we sold our previous property and the second (£130k) one was taken out at the time of buying our current home (May 06). The original…
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Can someone advise me
Hi there, A couple of weeks ago I went to see a mortgage advisor. He asked what outgoings I had. it worked out in total I had about £200 a month to pay to debt, anyway, I have an argos card which I bought stuff on the buy now pay later so I dont pay any interest (and I do pay it off before the interest is added, but, I do…
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any advice please?
Hi everyone , My husband started a new job a month ago with a leading bank and we really want to move but he has been told by the bank because he is on 6mths probation he can't get a mortgage, yet we have been with them now 20years without any problems (just a coincidence) Is there any other way we could obtain a mortgage…
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100% mortgage worries
Can somebody please help? We want to buy our first house but due to the fact that this is only a recent descision we will have to have a 100% mortgage. I have been in contact with a mortgage broker but he seems to be trying to push us towards a 5 year fixed rate mortgage at 5.89% is this a good deal? Also i am not sure if…
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First mortgage payment
We are completing on our purchase very soon (hopefully!) and I just wanted to check aboutthe first mortgage payment. I seem to remember that the first payment is likely to be higher to cover the interest accrued before completion? I can't remember what this interest is due to! Is it interest accrued from completion date to…
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Sub-prime mortgages: risk of US contagion?
Here's a fairly convincing article which says there's not much risk of the current problems in the US sub-prime mortgage market spreading over here. Independent Just wondered what the brokers think. No doubt they have their fingers on the pulse.... ;) :) .
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Transfer of property ownership from husband and wife to husband
Hi I currently have joint ownership of a property with my wife and we would like to transfer ownership to me. We are going to remortagage the house at the same time. The property was bought for £79K and is now worth in the region of 200K. We currently have a 75K mortgage. The property is our main residence and has been for…
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Remortgage and the Outstanding Balance Question
Hi I am extremely annoyed by my existing mortgage lenders (a rather large Scottish institution) approach to mortgage redemption and would like some urgent advice! I recently decided to switch mortgage lenders after waiting for redemption penalties to expire. I duly completed the paperwork during early Jan 2007 with my new…
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Help please
Hi, Just joined this forum and was wondering if anyone could help me please. Bascially I want to part exchange my house but very confused about mortgages we currently have a mortgae for £65k house valued for about £115k and the house we want to px is £182k so would need a mortgae for about £120k maybe a bit more, to late…
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Best Buy To Let Morgages?
Hi everyone. I'm thinking of buying the house next door and renting it out. Can anyone point me in the right places to look for good deals on Buy To Let Morgages? I honestly have no clue where to start and would really appreciate some good advice! :) Mark
