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ERC - Fixed or Sliding?
Hi I'm looking at a long-term fixed rate mortgage (20 years to be exact). I know many will be cringing at the thought of ERC's for that length of time but I feel I can sleep more easily with a charge I know of rather than waiting every month to see what sort of mood the BoE are in. I'm not mortgaging myself to the hilt…
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First Time Buyer - Bad Credit History (Usual Story!)
Hi guys, Just wanted some advice and to gather some alternative views on my situation. I have a bad credit history, 1 CCJ which was repaid from 2004 with an associated default which is also satified. I now adhere to all my credit agreements, paying on time and I am not over committed, I have a mobile phone on contract and…
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Equifax credit rating "Fair" ???
I ran a equifax credit report on myself today just to make sure nothing nasty was lurking. I was a little dissapointed to get a rating of "Fair" and not "good" or "excellent". I have never failed to pay loans, store/credit cards etc.. The only negative I can think of is I have had 3 different addresses in the last 3 years…
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Is it possible to get a remortgage in these circumstances?
Hi, I wonder if anybody can help; a few years ago my mother took out a mortgage to convert her loft into a self contained flat. She now regularly rents this out under the rent a room scheme, but receives less than the £4500 pa threshold. The mortgage is now only £19000, but my mother is now 68 and has retired. Excluding…
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Higher Lending Charges
Help needed! Six months ago we took out a 100% mortgate with RBS woth a 5k higher lending charge, the flat we moved into wasn't all it cracked up to be so we decided to move our mortgage(same terms,rates,same mortgage!) to another property, they've stung us for ANOTHER 4k higher lending charge:mad: :mad: :mad: , is this…
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Bank of Ireland & European Central Bank Interest Rates
hello, I wonder if anyone can offer me any advice. I am looking for a mortgage and I have been recomended the Bank of Ireland by an accountant. You can check to see what the repayments would be online and at first glance the monthly repayment (in euros) seems very reasonable but the Bank of Ireland (BOI) use the European…
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One Account and similar
Are accounts like the one account etc really worth having? Is there any spreadsheet to help calculate savings that that I'd make? I still owe about 70K, have 7K on other debts and 5K savings. Thanks, Jon.
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Mortgage Payment Protection Insurance - Is it worth it
Hi Looking for a bit of advice, sorry if this is in the wrong place. I currently pay approx £53 a month for mortgage payment protection insurance in case of accident, sickeness or unemployment. This amount is for my husband and myself. We both work in jobs were if we were sick we would get 6 months full pay and 6 months…
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Equity Loans
Hi I work for the NHS and have seen details of an equity loan scheme through http://www.healthhousingsolutions.com/ . Myself and partner are currently in the position of really needing a bit more space for the kids but the next jump up the ladder is a big one that is impossible for us to make in our local area - we would…
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claimng on an endownment
hi can i still claim on an enownment if i was sent regular letters tellng me there may be a sortfall
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High Street Lenders - Is it possible?
Hi My partner and I are looking to get our first joint mortage. The house we are looking at is approx £160,000 and we are looking to pay about £30,000 in deposit - we have a joint annual income of £61,000. Except we have one slight problem. My credit rating according to equifax is almost 100% but my partners is rated as…
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Hi, I am alllll confused
Hello! Me and OH are 27, we have been in a housing association house for 5 years and need to move as we need space!! We obviously wanna buy, We have bad credit rating but over the past few months have really been sorting ourselves out, we are in credit in bank accounts and he is earning quite a bit now! I think his basic…
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Help please!
Hi Wonder if anyone can offer any advice. I put my house on the market in April for 144,950 and sold it fairly quickly for 144,450 to a developer - a few weeks later as we were about to exchange the buyer pulled out as he'd spent his deposit on a holiday! We stayed with the same agent but were unhappy with them after a few…
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Interest rate different on Mortgage Offer than the one signed for
I applied for a 5 year fixed at 5.69% with Halifax around July through a broker for a remortgage. I got the offer through last week and the rate on there is 6.19%. I have got my broker to chase this up but he is saying its gone back to the underwriter now waiting for a decision. Has anyone experienced this before and what…
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Advise needed on mortgage
Hi all me and my partner currently live in a rented house but I would like to buy my own place, but unfortunitly we currently have bad credit Kayla (my partner) is 19 years old she first got into debt with Orange mobile (payed off now) then it was littlewoods (paid off now I think) and then we went behind on the councell…
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Help please!
Hi, I thought I would lay this all out & hope that someonecan give me some advice. I currently have a mortgage paying some outrageous interest (7% or something) so am trying to get a remortgage. Found a good deal with Abbey with free valuation so decided to go for it . When the valuation came back it said that he had found…
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Shared Ownership + Mortgages
Hi, can someone please give me some advice. We are looking at buying a shared ownership property and phoned the estate agents to arrange a viewing of the property. They told me first we would need to have a meeting with their mortgage advisor ( bring in payslips P60 etc) I am now a little confused. Ithought they were just…
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paying morgage over more years
I have a morgage with around £100,000 left to go on it i am looking to pay the morgage over more years to give us alittle extra cash each month.I wanted to extend the morgage for a further 8 years but i have just been on the morgage companys website to give me an idea what our morgage payments may reduce to and it is…
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Employed or self-employed?
As a company directory and 50% shareholder in a ltd company what employment status am I classed as with regards to a mortgage application, employed or self-employed? Thanks
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Help with mortgage!!
Hello I just need some advice on Joint mortgages. I have a 2yr old joint mortgage with a parent and both our names are on the deeds. I wasnt aware of this as i thought i was the only person on it and had a guarantor mortgage. If I come to sell the house, will CGT have to be paid? It is my first mortgage. Can you change…
