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Mortgage Question
Hi, We were lucky enough to take out a 10yr fixed with Nationwide 2 years ago. We have approx 12 yrs left to run Question is: Our circumstances have changed somewhat over the last 12 mths. Is it possible to alter the length of time of our mortgage but still keep the fixed rate? This is only a short term requirement for…
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Renew - Re-mortgage Help Needed
Hi we currently have a Tracker Mortgage that was fixed for 2 years and now is nearing end. Our property is worth about £170 Thousand ish and our Mortgage left is approx 50k so loads of equity. When we come to re-new we normally have to pay a £250 ish set-up fee. We were wondereing as we want to turn our downstairs cupboard…
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Interest Payments about to finish and NO ENDOWMENT!!!!
Hi there, I'm an "assured long term tenant" and my rental payments have been paying my landlords "Interest only Mortgage" for 17 years. In September 2008 (this time next year) the interest only part of the mortgage finishes and the amount borrowed is due to be paid. The landlord has told me that he had an endowment policy…
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Nothern Rock
We have just been given a mortgage offer from Nothern Rock, for a 2 year fixed rate. Is it going to be safe to you use them or should we look else where ? Help.
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Can I get a mortgage with a fixed term job?
Hi all, Myself and my girlfriend are looking to buy our first house. The house we want to make an offer on is valued at 94,950 but we'd hope to get it for 92k so we'd need an 80k mortgage. We have max 17k deposit but we'd like to save some of this for home improvements and fees I currently earn 15,200 p.a gross but i'm on…
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First Time Buyer Question - Dilemma
Hello, I’m a first time buyer. I’ve just found a flat that I quite like. I’m right on the verve of making an offer but one thing is worrying me. To offset the huge debt I’ll be under taking I’ll be looking to rent the property for a year or so before moving in. Half the people I speak to say that I can’t really do that as…
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Barclays failed to increase my mortgage payment
I've just discovered that since the Woolwich to Barclays transfer, my mortgage payment has NOT increased with each interest rate rise. So my offset mortgage of 25 years is now forecasting to take 28 years and 10 months at my "current contractual payment". I'm now tyring to ascertain why they have not increased it and what…
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affordability?
any ideas, anyone. trying to remortgage approx £58500, but we keep failing affordadability! dh is self-employed, we have a loan and a few credit cards, the required remortgage isn't for a larger amount, keep saying but we pay our mortgage and other credit commitments, so we obviousley can afford them!!!, but 'computer says…
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Credit Scores & Mortgages
I've just got my credit score from Experian - it comes in at a rather depressing Fair. How much will this affect my chances of getting a mortgage (give the way things are changing)? & how can I get it higher?
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Libor
wot in GOD's name is a libor.....my mortgage company has upped interest rate to 9.10% from 5.9 under 2yrs and the guy says its libor? really didnt understand wot he was on about.the only thing i understand is my interest only mortgage has shot up from £700 to £1700 under 2yrs...... they dont follow the bank of england rate…
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Can I get a mortgage?
Hi Would be grateful if anybody could offer advice… I’ve bad credit owe about 13k in unsecured debt which I am working to clear. I have a couple of defaults and I have arrears. My big question is can I get a mortgage. Can I get a mortgage to buy a house and also clear my debts at the same time. I’m paying nearly £300 a…
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My mortgage application
Hello I want to share my recent online mortgage application experience and see what other people think. It was all going fine until the subject of arrangement fee came up. Here’s my blog; (I can’t be bothered to re-write it all!) http://www.thefinancialblog.co.uk/my-mortgage-application-with-the-cheshire/
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My mortage interest rate - 14.05%!!
Hi guys, I've just called my mortgage company, after having paid off some arrears - to check the details and am astonished to find that my interest rate is 14.05%!!! :mad: I'm tied in til Jan next year, so can't afford to change mortgages. Surely this much increase over the bank of england base rate is just taking the…
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Future advice needed asap
Hello Before i write i ask please not to judge me and to answer my questions if possible. I am a 27 year old male, have around £50k of unsecured debt i go bankrupt tomoroow and also ashamedly have committed five counts of fraud. I live at home still, i have no assets, and whilst trying to start a business, i panicked and…
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Decision in Principle
Dear all, I'm hoping that someone can shed some light on this for me. My partner and I are looking into getting our first property and have been given an DIP on a mortgage, which will be coming from the sub prime market. I unerstand this means that we've sort of got it, however it's not 100%. Am I right or am I barking up…
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First Time Buyer advice
Hi, looking for some advice/recommendations. I have been offered a house by my uncle (3 bedroom, ex council house) for between 90,00- 100,000. the likely value of the house is around 110,000 but he is willing to let family have it cheaper. any way financial figures are below: Income - me 14,000 partner 8,800 (part time)…
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help needed
i sold my house in hull 2 months ago just after the flooding, the house i sold as far as i was concerned at the time of the sale wasnt affected , we had water in the gardens (front and back) and it came up our exterior walls luckily it didnt come over the step into the house as it did our neighbours. at the time of the…
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Advice for a First Time buyer ( high commission earner with unpredictable monthly inc
Hi all I’m looking for some advice as to the best products that would suit my circumstances, so firstly, here’s the background and the figures. I’m just about to buy a property with my fiancée, in preparation of getting married next year. We’re both 23, I’m a headhunter on £28k basic, she is in marketing on about 20k at…
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Self cert mortgage?
Just wondering if I am going to have to go for one of these or not. I will be looking to buy in the near future for the first time - looking in the 180-200k region with around 20% deposit. Problem is I am a contractor (operating under my own limited company) with just 1 years accounts, although it is a pretty secure job…
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Complaint to my mortage company - please read and tell me what you think
:confused: We've had a terrible experience with our mortage company - which is explained in the complaint letter to them below. Please let me know what you think before I send it off to them! I was so upset and distressed when they called up telling me we owed them money when I had already paid!! The woman was so rude and…
