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Reduce the term of your mortgage - and save!
I'm posting this as I didn't realise you could do this until my friend told me and my OH about it. They spoke to their mortgage provider and reduced the term of their mortgage, increasing the minimum amount and therefore increasing the amount they can over pay by. We spoke to our mortgage provider and for a £50 fee we have…
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mortgage arreas charges
hey all i currently have some arreas on my mortgage so contacted them and arrangd to pay 75 pound a month to clear them. but lookin in the small print they charge me 50 pound for every month im in arreas is this fair:mad: so with the 50 pound charges im only really paying 25 pound a month of the arreas so its a vicious…
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Previous debt - mortgage hunting
Hi, any tips on mortgage hunting with a bad history Have about 10k of debt that I'm paying off - having missed a few payments and got in a bit of a mess a year or so ago with a few months of missed payments, a pay rise and some common sense got things managable. But restricted to an Electron card etc. Have inherited a…
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remortgaging to move- help please
Hi i wonder if anyone could give me some advice. my fixed rate on my current mortgage ends at the end of feb so i would like to look for a new deal. however we are also wanting to move so thought we could do this at the same time. 1st question is given the current markets is it better to get into a new fixed rate that is…
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A question for the brokers...
We're being told in the press that mortgage approvals are falling and lenders are tightening up on the lending criteria. Has this been your personal experience of the way things have gone lately or is there an element of melodrama in the media coverage?
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Address history for credit check
Just wondering if anyone knows how long of an address history you need to give when applying for a mortgage. I know its usually 3 for most stuff, but is it possibly 6 for a mortgage? My Mum's address history about 5 years ago was a bit of a muddle for various reasons, so it would be a bit of a nightmare matching her with…
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Credit Record
I have a question, that I suspect somebody out there will know the answer to. I tried last month to increase my mortgage to pay off my credit cards, but was turned down after they performed a credit check. As per Martin's advice I took the free month's trial of Equifax's identity protection product, which gives you…
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Shared ownership with Tenant
Does anyone know whether there is a Mortgage provider that might consider lending on 50% ownership of a property? I would like to sell 50% of my buy-to-let property to my tenants. This would enable me to pay off my mortgage, charge my tenants half the rent they are currently paying and I would keep a 50% share in the…
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mis-sold endowment trouble with the Ombudsman!
We believe our endowment, taken out in 1993 for £85k was mis-sold. Our small independent broker is long gone so we complained to his underwriters, Sesame. They turned down our complaint so we wrote to the financial ombudsman for help. They have refused to uphold our complaint, and I quote from the letter written by their…
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:: First Time Buyer - About to get a Mortgage :: HELPP
Hey all Been on the site reading for a while now, but as i have made an offer on a property, and they accepted, i feel i should ask a couple of burning questions - hope you all can help. She accepted the offer and now she has found somewhere as of today, so the mortgage advisor (independant but works for the agent that is…
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Overpayments - monthly or annually
Can anyone advise which would make the most effect... overpaying monthly or putting it into a savings account then pay off annually. Any suggestions would be most appreciated thanks
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Got mortgage offer - seen better now
We are currently buying a house (offer accepted in November) but we are not due to complete till April because the house at the top of the chain is a new build. We decided on a 10 year fix and we went through a mortgage broker and got a rate of 5.58% with Norwich and Peterborough. We have now had our offer and we haven't…
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Help ! Fixed or Tracker !
Help ! I am buying a Shared Ownership property 68% and have a good size deposit. I understand the all the pit falls and highs of both types of Mortgages . I just wanted to get a feel in this market. So TRACKER OR FIXED ! The Dog House
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Interest Only Guarantor Mortgage
I am applying for a guarantor mortgage through a mortgage broker which will be interest only. My income raises 70% of the mortgage and my parent's income covers the remaining 30%. It's going to be 100% mortgage also. The main problem and worry for me is that I will not be able to get the amount needed to purchase the flat.…
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Norwich Union (Aviva) windfall
Just been reading http://news.bbc.co.uk/1/hi/business/7206841.stm and wondered if anyone had any more news on this or thoughts as to whether/when policy holders are likely to receive a windfall? - I could do with quick pay-out to help pay for my summer holiday :p
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late credit card payments
Do these go against you when applying for a mortgage? i had two late payments, (by one day as i underestimated the time it takes transfer it digitally!) if it does go against me, how long for? forever? Thanks
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So difficult......buy or not to buy?
I have seen a two bedroom flat that I really like. It is in North Devon, Ilfracombe, where I have been looking for ages. Given what's happening in the housing market I am torn as to what to do? Any advice from anyone who is in the same predicament or perhaps has a view on proerty prices in Ilfracombe? Many Thanks J
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Cash In Endowment ??
I have recently been sent an information letter regarding an endowment I have. It advises me there is a high risk of a shortfall (surprise surprise!) However, I fortunately no longer require it to cover a mortage. Can anyone advise if I would be better to cash in the endowment or to leave it the few more years to its…
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Relationship breakdown, he wants the house
My sister split with her boyfriend last year and they decided to sell the house so that they could both move on. My sister moved out to my mums whilst he stayed in the house, after the house being on the market for nearly 12 months they have had no serious offers so he has decided to offer her £30,000 to buy her share…
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Will 5yr fixed rates improve if interest -0.25% next week?
Hi, We've had an offer accepted on the house of our dreams, and are keen to get everything in motion. We have a good mortgage quote, and are about to proceed. However, the MPC meets on 7/2/08 (week on Thursday) to review the interest rate. My feeling (after the rate holding last month, and the huge drop in the US) is that…
