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First time buyer, no deposit question...
Hi, I will be contacting a 'Whole of Market' advisor next week, but I wanted to ask here for some opinions of my situation. Hopeful first time buyer, single, no bad credit but no deposit or savings... * 31,000 / year income, stable employment. * 6,400 left on unsecured loan @ 7% paying 450 per month * 3,000 on credit card,…
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Help - Can I get a mortgage?
I don't think I can get a mortgage anywhere but if anyone could advise I was told you guys would know :) Basically I have been renting for several years @ £600 pcm. I have now been told by my landlord that he is selling up. He will accept a first offer from me on the property if I want it (it'll be 210k).. or I can move…
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Mortgage Fee Help!
Hi I took out a mortgage with the Abbey in Jan 2004 when their mortgage exit fee was £99. I repaid my mortgage when I moved house and was charged the following: VDC - Variable Discount Charge - £1912.68 DHF - Deeds Handling Fee - £225.00 MBF - Mortgage Bonus Fee - £236.00 I understand the VDC was a early redemption fee but…
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Remortgage - Credit card Debit - Can we Remortgage and add our huge credit card debit
Firstly I just want to say thank you to Martin for providing this excellent website - I would not have known where to look for help otherwise so thank you Martin. My question is this... I have run up about £30,000 in credit cards whilst I was suffering from depression and unemployed - to many personal reasons to list. This…
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Sell or keep Prudential endowments
I have the following two policies (originally Scottish Amicable) Policy start 10/08/1984 Matures 10/08/2009 Monthly prem £30.88 Basic sum assured £8,342 Sum payable on death 21500 Current bonuses £8599 (@ Dec 06) Surrender value £23008 (incl terminal bonus £7761) Best trade in offer £23698 Forecasts @ Oct 06 4% = surplus…
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Best Offset Deals ?
I have a couple of bog-standard 4.99 fixed rate mortgages which will expire soon. Anyone done any research recently on the best offset deals with minimum arrangement fees / valuation etc. I guess I want to have my cake and eat it. I'm looking to put 22K repayment and 37K interest only (leagcy mis-performing endowments)…
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5 Year Fixed Best Deal? 150k house 16k Deposit
Hi, I was wondering if anyone new any good deals out there. Me and my girlfreind are first time buyers. We have a reservation on a new deal for £151,500 and need to sort out our mortgage out sharpish. We have around £16,000 deposit. We would be grateful for any advise? We are seeing a whole of market broker on Monday but…
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Can anyone recomend a mortagage calculator or do the workings out for me ?
The property value is 195000 deposit is 29,200 rental income will be axp £725 Over axp 30 years intrest only what would my repayments be ? Or a good online calculator recomendation please .
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Having a French Mortgage (lower rate 3.2%)
Sorry if its a silly question but why cant we obtain a mortgage from abroad where the interest rate is far lower than the uk (France 3.2%). We can transfer money anywhere in the world so it should be easy enough to set up. i am just wondering why ????? Have a look at the bottom link for the interest rates in France…
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Urgent Mortgage advice needed PLS!
hello, This is my 1st post, so please accept my apologies if i don't make any sense. I bought my property just a year ago on fixed rate for 2yrs. Unfortunately due to a severe injury, I lost my job a few months ago and ended up on benefits. Now i don't have a problem at the moment paying my mortgage, but the Bank of…
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Some advice needed
Hello all, this is my first post so be gentle with me please. My fixed rate deal with Barclays has ended and I have gone on to thier 6.3% Tracker with an outstanding mortgage of £25849. I also borrowed £10000 extra on a fixed rate 2 years ago which ends in November which will also go on to the same 6.3% Tracker, as of…
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Some advice needed
Sorry double post some how
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Any Success stories re Halifax Endowment Mis selling?
Hi, has anyone had any experience of trying to claim for Mis selling with the Halifax BS? We were origianally sold a Scottish Amicable Endowment through the Leeds Permanent BS. ( Now Halifax ) I have appproached the Prudential who took over from the Scottish Amicable, but they say that we have to claim to the Halifax. They…
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Keep equity in house or sell and invest it?
Hi This idea has been bugging me and I'd like some advice as to it's credibility. I have £65K equity 'stuck' in my house. I've been made redundant from a better paid job and now find that I could not afford a new mortgage to allow me to move up the property ladder even if i wanted to To ease my growing financial pains -…
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Porting - some questions
Ok, so I understand that when I sell my flat I can port my mortgage of £93k across to another property and then top it up to £200k by borrowing another £107k on another product.... Is that correct? Also, my current mortgage is solely in my name, but when purchasing the next property my fiance and I will be jointly on the…
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can I get a Buy-to-let mortgage with bad credit
Hi Everyone, I have heard it can be pretty to easy to get a Buy-to-let mortgage. Is this true? I have a joint mortgage for £107000 with my partner and I also have a DMP with payplan, would this affect my chances of getting a buy to let mortgage? Any advice will be muchly appreciated!
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Avoiding early-repayment charges when I buy ex-partner out?
My partner and I separated last year, but still have a house in joint names, with a joint mortgage. We are still on amicable terms, and have agreed that I can buy her out, but don't know the easiest way to do this. It is a fixed rate mortgage (until April 2008, with large early-repayment charges) with the Portman. I had…
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Putting in an Offer
I wanted to ask, when I have viewed a property that I like, should I put an offer in or should I get a second viewing first? Also, whats a good value to offer? I mean, is it ok to put in an offer of say £7000 below asking price? Thanks, lsjhoa.
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Admin charges
Hi, I was wondering if anyone can help me. I am being charged £40.00 per month for beng in arrears with my mortgage. All the company does is add it to the bottom of my monthly statement as an Admin charge, no phone calls or seperate letters. If I could actually reclaim these costs I would no longer be in arrears which is…
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help choosing a mortgage with little/no redemption charge
hi all, new to the forum and very pleased i have found it. i need some help in choosing a mortgage with minimal to no earley redemption charges. i am looking for a mortgage which will allow me to sell my home within 6-8 months of buying the property and to do so without redemption charges. due to my adverse credit i have…
