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Who to believe - L&C or Woolwich?
L&C broker is telling me that if I don't apply for the discount tracker (-0.06% BoE for 2 yrs) Woolwich product before 2pm today, Woolwich are withdrawing the product. However, on calling Woolwich directly, they know nothing about the product being discontinued and say that they usually get a few days notice at least. Who…
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Self Employed - What's the best way to go?
Hi guys, hope someone could shed some light for me. I'm an freelance IT consultant and run my own small business and have done for over 2 years now, fairly successfully, earning 75k upwards. For the past couple of years i've just been cruising along, paying off debt and trying to get myself sorted. What sort of mortgage…
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Mortgage Valuation Fee - No Valuation Done Though
Hello, I applied for a mortgage with Halifax, however, they rejected it even before a valuation was done. Their T & C state: Valuation fee which is payable on application. The fee quoted here is an £355.00 estimate based upon the purchase price and may change once the valuation has been carried out. This fee is not…
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Remortgage Advice if possible
Hi guys, I am having a damn bad year and so have come here cap in hand hoping to get some decent advice. Basically my lovely wife has destroyed my world and suggested a split, she does not want a divorce but does want to move out to her own place and get her half of the house. I do not want to move so will have to buy her…
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Mortgage - deal offer - withdrawn?
Guess the whole of the UK and more have heard of martin and this site - but only recently did I feel the need to use it. The need to remortage - renewal due 4th December - started searching about 6-7 weeks ago. Read about London and Country. Sounds good etc and to be fair they were and have been very good. Got an excellent…
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Mortgage Retention Figures
Hello, Please can someone who's good at Maths help me out with this one... I recently got a 90% LTV remortgage with BM. The Valuer said that the house will be worth £300,000 but needs work so has put a current value of £285,000 with £15,000 retention until works completed. *Figures are approx / rounded due to Fees * The…
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Buying back my northern roch motgage
hello, does anyone know how i could go about offering to buy back my mortgage from northern rock at 40p in the £. it's more than they're getting from from virgin and the government. is it worth trying to get support form more NR mortgage holders to make this kind of offer?
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Abbey started redemption process without my approval...
I'm like a lot of people and have left under £50 in my mortgage account so the title deeds are being kept in the 'safe' care of my lender (ie Abbey) and in case I ever want to re-mortgage etc.. I've read other pros but cant remember them all. However, the Abbey are now getting a bit annoyed and have just sent me a letter…
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First time buyer need 100% mortgage
Hi, It will be the first time for me and my husband to buy a property in the UK. And we do not have a deposit and because we are first time buyers we can not receive a 100% mortgage. Or so we think. Is there anyone out there who knows of a first time buyer 100% mortgage? I would be gratefull for any help. Thanks in…
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Mortgage Preparation Advice - First Time Buyer
Hello all, I'm going to have to buy a flat soon as the house I am looking after is being sold. My income is £33000 per year and I should have a deposit of £50000 for the flat. I currently owe about £6000 across two credit cards which will be paid off in the next 5 months or so. I also have around £7000 outstanding with my…
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Should I switch mortgage?
Hello, my fixed rate mortgage has just finished and I've now been put onto a base rate that has increased my payments by £300 per month! I would usually switch mortgage but am thinking of selling up and renting for a year so would incur large cancellation fees? Can anyone sugest what I should do? Thanks.
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Can Norwich Union do this?
Ongoing endowment miss selling claim from Norwich Union. They sent an endowment Mortgage Questionnaire for my father to complete. My father is now on holiday not back for a few months. Norwich Union sent a letter saying if they do not have a completed form back they may not consider the claim but they never said when the…
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Which mortgage to choose....any ideas?
Hi everyone, I have a bit of a dilemma in choosing my new mortgage. I am just coming to the end of a two year fix with Britannia at a rate of 4.24%. I normally choose a fixed rate because I like the stability but with talk of interest rates coming down I don't want to be paying over the odds. At the moment I do have a bit…
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Northern Rock & payment breaks
We currently have our mortgage with NR with options for payment breaks. We were banking on this to enable us to go on holiday next year, we can take 2 months break in April but I'm worried that whoever takes over won't offer the payment break option - do you know if they will have to honour the agreement or should we at…
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mortgage advice for first time buyer
right go easy as ive read loads of stuff on here about mortgages and it like sticking my head in sand right i called at the local tsb for a little advice and they tryed to sign me straight up for a mortgage but iam looking for the best deal i can get but worried as its my first mortgage and dont want to get myself in a…
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Mis-sold PPI on mortgage?
I'm not sure if this is the right thread? I got a mortgage nearly two years ago through a broker for Kings Group. When I was accepted by Chelthnam & Gloucester, the broker said I had to take out insurance through them; if i did I would not have to pay the brokers fee of about £4K. Also I had to be with the insurance…
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further advance or drawdown facility required
Hi, I have the following: Property 1 valuation £440k current borrowings £374k rental income £26,500 Property 2 valuation £400k current borrowings £340k rental income £26,500 I am looking to borrow a futher 5% of the value (£42,000) or use the equity £126,000 as a drawdown facility to purchase further property. will this be…
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Mortgage Offer Expired!!
Hello everyone! After a long four months of enquiries going back and forth, I am finally ready to exchange and will be popping over to my solicitors to sign the contracts and deeds and hand over my deposit. However, on Friday my solicitor called and said that he's discovered that my mortgage offer was only valid for 3…
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Norther Rock pricing theselves out of the market?
A question on behalf of my sis. Her NR 2yr fixed rate ends in a couple of months (4.9%). They have informed her that their fixed rate deal will be 'just 6.99%' :shocked: Now would it be very cycnical of me to think that they are desperate to get some cash back in and would therefore be quite happy for her to move her…
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Building Land
We have recently received confirmation of planning consent for land. We have decided to sell ,what might we expect to receive ,do developers use a rule of thumb i.e number of potential dwellings,location.for example would we expect to receive a 1/3 or a 1/2 or another fraction of the value of the final sale value of the…
