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loan for deposit?
me and my partner are looking to purchase a house but are struggling to raise a satisfactory deposit. is it advisable for us to take out a loan for a deposit or just have a higher deposit mortgage?
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Is it Possible to buy place in the sun
Hi Our mortgage expires out of the tie in period on 7 DEC 07. we would like to raise some extra funds to pay off credit card bills and also raise some capital to purchase an appartment in another country. as far as i know we have no adverse credit or anything. (forgot to pay burton store card on a few occasions but always…
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Advice on offset mortgages please!
I am mortgage free at the moment with a house worth around £270,000. I plan to retire in 4 years time at age 55. At age 60 my final salary pension (circa £18,000 at today’s rates of pay) and lump sum (circa £55,000) will kick in. In essence I need somehow to fund the five year gap in earnings after I retire and before I…
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mortgages while in insolvency
I have heard that you can still get a mortgage while in insolvency the flat were are in at the moment is causinf serious health issues with my family and we can not get another property from housing assocations or our local council and the only other option we have is to buy. does any one know who can provide mortgages.
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Fixed rate ends 31 October - help
Hope someone out there can give us a bit of advice. We moved house 2 years ago and we had a fixed rate of just over 4%. I know it was a great rate and I knew there was going to be a jump when we came to renew it, but, we need to add about £15k on top of our £60k mortgage. We have been to see out mortgage advisor (who is…
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Paid all debts off, now want a Mortgage
Due to living out of my means, all my debt caught up with me with a nasty bite - i owed 45,000 pounds, and despite being offered bankruptcy I opted to use CCCS to pay it all off - i spent it all, so i had to pay it all back. I managed to pay 1080 each month for 4 and half years and am now debt free. I also paid 400 a month…
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So Cross with Abbey
I'm having trouble with Abbey and want to know if anyone else out there had the same problem, or if it's just me! Our discounted rate was coming to an end, and we decided to change it to a Flexible Mortgage. It's one of those where you can offset the savings you have against the mortgage and thus pay less interest, even…
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Remortgaging Advice - Any Clairvoyants Out There?!
My current mortgage deal ends on 29 February 2008. It is a Nationwide 2 Year Tracker (+0.04%) with a £76K advance. When I remortgage it will be for a c17 year term and the value of the mortgage is about 35% of the house value, give or take. I'm wanting a repayment mortgage. I've got a few queries and I'm hoping to get some…
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Help...we need a new mortgage but only have 1 income.
When we got our mortgage myself and my Husband were both working full time. We have since had a baby and I did not return to work, instead choosing to stay at home and bring up our daughter. Our current mortgage is a tracker, so as you can imagine our monthly payment have rocketed over the last nine months. we started off…
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Fixed rate ending and baby due- help!
HiAre fixed rate is ending soon and we are considering going to an interest-only mortgage for a couple of years due to a new addition to the family. We have been quoted a really good rate with our bank we will save £100 per month, but am I not seeing the bigger picture? I have read elsewhere that we should have a repayment…
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Advisor Converns & Norhtern Rock
Hello to all, I'm hoping that someone here might be kind enough to share their knowledge with me and answer a couple of questions I am concerned about. I have recently been advised that of a Norther Rock buy-to-let mortgage and a friend in the industry has suggested that Northern Rock might be an unsafe bet as they have…
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Should I take out a new loan to pay off my HELOC?
I bought a new house a couple years ago. To avoid paying PMI I took out a large 30 year fixed mortgage and a smaller second one ($20k). The second "mortgage" is technically a Home Equity line of Credit that has a variable rate. Now the rate is rather high (10.5%) and I'm wondering if I should somehow refinance this with a…
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Mortgage Booking Fee Refund - Cooling Off Period?
Can someone please help me. I went to an independant mortgage broker in the Estate Agent to remortgage. I am due to move from the Chelsea Building Society to Natwest. I paid a £499 fee on 28th August, for the re-mortgage to start on 30th September. However, due to a loan I have with the Navy (LSAP), I no longer want to…
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need to remortgage but have concerns!!
our current fixed rate with Northern rock ends 1/11/07. we have been told our reayments will go up to approx £1040 pm (currently £970pm). we have a secured loan also with NR as wee needed 125% mortgage to but this property. we intend to switch provider as i am always looking for a bargain and i am attracted to Chelsea due…
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Fairly clueless 1st time buyer, possibly for buy to let...
Hi All, I am pretty much a novice when it comes to mortgages so was wondering if i could get some advise before embarresing myself... Some info you might need: Age: 29 Income: £31000 deposit: £0 Credit rating: Good (i think) I have been in permanent employment for the last 8 years. My question is, how much deposit can i…
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Fixed ends May 08
Hi, I was lucky enough to have a great fix rate for the last five years of 4.59% on a mortgage of £123,000. Obviously I have been watching the rates recently as my fix is due to end in May next year. I assume I should sit tight until early next year before making any decisions on changing mortgage. However, I was wondering…
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Extra Borrowing
Hi I have just been accepted for a mortgage, and was wondering how long you have to wait to take out extra borrowing? The house needs a lot of work on it. But we were told we could only borrow what the house was marketed for, and then get extra borrowing after. Was just wondering if you have to wait a few months first?…
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Variable rate mortgage
I have a mortgage with a High St bank (they call it a business loan) which I used to buy my shop and the living accommodation that goes with it. The loan is on a variable rate of interest, 1.75% above the bank's base rate. I took it out in December 2004. Since that time, interest rates have risen several times, but the…
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Buy a House or Clear Debts first?!?
I'm a potential 1st time buyer, in a relatively strong position financially. Earnings circa £25k basic (£27.5 with bonus) with a £25k deposit from inheritance money to put down. However, I do have some debts which I am servicing monthly that are putting me under pressure each month and I'm not clear on the next best step…
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Mortgage advice
Hi I currently have an outstanding debt of around £4000. Unfortunatley while living in New Zealand I defaulted and its gone to a collection agency, obviously my credit rating has been effected by this. I am hoping in the near future to get a mortgage and was wondering how much ill be effected this debt? Any help would be…
