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Sub prime definition
Martin Lewis on radio today said when briefly explaining the reason for Northern Rock's problems that they were largely due to their "sub prime" lending. All other explanations I have read from financial experts have said NR did not lend to sub prime customers and had not bought any sub prime 'blocks' from other lenders -…
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Bank of Ireland is now pulling out of subprime mortgages
Bank of Ireland Mortgages has emailed brokers to say it is withdrawing its entire sub-prime range from 5pm today. Oh boy!
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Mortgage charges
Is it possible to claim back excessive mortgage charges for "arrears charges" or "misc charge" etc, incurred during the course of your mortgage, much in the way you would with your current account bank charges?
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mortgage: who pays ?
hi all, due to a recent death in the family i seek advice, if a homeowner dies (not the situation at the moment) who owns/pays the mortgage/house ?
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3 year and 2 year Tracker
I'm searching for a three year tracker mortgage, on 130k for 30 years. The best I have found is Saffron BS at 5.69%, after arrangement fees and valuation fees etc! Anyone else found one? The best two year tracker I have found is Holmesdale BS at 5.65%, arrange fee is £250 (added on completion though) and val fee of £530.
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Advice please
I went through L&C who arranged a mortgage for me with Scottish Widows. I'm supposed to be moving on 7/12 and have only just received the mortgage offer letter but the terms differ from what I thought I was getting: shorter term therefore higher payments. I'm not sure where I stand on this as I have very little time left…
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Shared ownership - should we?
I apologise if this gets a bit long-winded... Thanks in advance for any help. Currently I rent a bungalow from a local RSL. I have been out of work for several years due to health problems but these have improved and I am about to start work (18.5 hours a week at 12,177 pro rata with the likelihood of increased hours and…
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re-mortgage nightmare seeking compensation
I re-mortgaged my property recently and I'm looking for compensation, as it took 4 months for the new mortgage to complete:mad: despite being promised the mortgage would complete on time. The bank in question has given me a refund for all the phone calls (I made loads!) while chasing this up and for the difference in…
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Credit file - mortgage.
I have had hold of my credit file, and after being refused a mortgage by Abbey I have found out my credit score is effected because my brother has defaults and I am an associated person to him because we lived together. Is there anything I can do about this?? Thanks in advance Rich.
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Paying off mortgage advice please
This may be a really daft question but do you need to get solicitors involved to complete a motgage. Is it just a simple matter of giving the mortgage company the money and they hand over the deeds, having charged you for the privilage, or is there more to it than that. Sorry if this is really dumb but I've never been in a…
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Dead Of Postponement
I am in the process of a re-morgage and have a secured loan so the company want me to pay £125 for a deed of posponment, is this fee excesive or can i re claim it as this cant just be admin ? help please
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New re-mortgage worries
Dear all, Has anyone heard of a company called Finansec? They are a mortgage broker/financial services provider who contacted me at a trade show I was attending. I have had one meeting with them and received their Key Facts Illustration and now they have found a new re-mortgage for me and have asked to move this forward to…
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Need a Mortgage - HELP!
Hi everyone I am looking for a mortgage but don't know where to get the right product. I am buying a house through a housing association. The price of the house is £170,000 and i need a mortgage of £85,000. The housing association owns the other 50% where i would be paying rent. I apprached my Bank [Alliance and Leicester]…
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Kensington pulling out of sub-prime market (adverse mortgages)
Wow, anyone trying to get a mortgage with Kensington which is sub prime they better get their skates on. The entire Kensington adverse range will be withdrawn from close of business on Friday. To guarantee the current products adverse applications must be signed, dated and received by Kensington by close of business on…
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got a CCJ but never got anything through...how
to clear my partner's name? I had a car (my partner's) which i sent through as not being used and filled out a SWORN document. the next thing i knew when i last looked at my partner's credit file was that he had a ccj . i never received any letter saying about a court hearing or anything (not the first time either!!!! nor…
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Newbury Building Society
Did any other brokers arrange a variable rate mortgage with Newbury Building Society with a 1.41% discount around August time. If you did, have you been paid commission for it yet?
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Surrender or sell on policies????
Hi there, I have 2 policies which I no longer require. I have read various threads on here as to what options are available. I have looked on APMM site and started to fill in the valuation forms. I got to the bit about ""With-Profits" Basic Sum Assured:" and found that I didn't have these values. I phoned APMM to ask where…
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BTL advice needed - unusual circumstances
I'll be purchasing a run-down property from my parents in the next month or so. The sale price will be £175K (in view of the current dilapidated condition) but I will pay only £40K on completion with the balance payable "on demand". I will then convert the property into a flat and lock up shop. I have 2 options in my mind:…
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Guarantor?
As im disabled & on benefits, im struggling to get abetter mortgage than the 1 im on (see previous post) Is it possible to get a reasonable mortgage if i get someone to be a guarantor? Are there any things to take in to consideration? Any advice gratefully received, thanks.
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Change of mortgage term
I currently have a mortgage with A&L which is goint to be paid off next year befor the end of its term. They are calling their mortgage exit fee a'Redemption Administration Charge' this is wapping £295. According to my local branch it is only payable if the mortgage is paid off early. However their morgage account service…
