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Yet another question about adding secured loan onto mortgage
Hi Guys/Ladies 1st poster after much browsing and I need your help/comments/advices Went into my bank this morning was offered to add my secured loan onto my mortgage and was given the talk about how much cheaper it was going to be for me and a reduction on my monthly expenses. Thanks to the website I am much wiser now to…
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Off Set Or Pay Off.
Hello All. I was wondering if you guys and girls could shed some light on whether to pay 10% off a 81k interest only mortgage, or wait and set up a offset account once im up for renewal. My mortgage is up for renew in Dec 08 and was going over to repayments. I am willing to pay upto 1800pm into the mortgage to get it down…
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First Direct income multiples
My current mortgage is coming to the end of its fixed rate period so I am trying to arrange a re-mortgage and am interested in the First Direct fixed rate. I noticed on their website they say they usually lend up to 3.5 x salary and I require nearly 4 x salary. I called them to discuss this and was told they are very busy…
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Mortage application query (future)
Hello everyone I'm not actually applying for a mortage as yet, but intend to do so perhaps over the next year or two (no plans to do so in what appears to be a peaking market). I'm concerned that because I have no credit history this might impact on any mortgage application (including getting best deals) I might make in…
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EdInv/Dunstonh re Phoenix Endowment
Please would you cast your eye over the following and give me the benefit of your professional opinion. Should I stay or should I go? After reading all the negative feedback on this forum regarding Phoenix I would be grateful if you would advise me the best way to proceed regarding this policy. Endowment policy (1989)…
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Help - problems getting a mortgage!
Hi, Wondered if anyone has any advice for me! I bought a property at auction and am now struggling to get a mortgage. We have been offered a self-cert mortgage but the redemptions penalties are really high, also the broker fees are over #5000. Unfortunately as our situation is so complicated, it seems no one is willing to…
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Just a little advice needed on being a mortgage broker.
I have my cemap and I am working in a call centre in mortgage sales as a mortgage seller for a major bank. My question is, as I want to eventually be a mortgage broker would I be right in thinking that working as a mortgage seller on the phone and then possible as mortgage adviser for a bank/society would give me good…
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why does the mortgage advisor need bank details?
went to see a mortgage advisor yesterday for the first time. he wanted our bank details and wants to credit check us..is this standard? when we saw antoher (family friend) mortgage advisor last year he didnt do any of that.
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2 fixed mortgages - best option when rate ends?
Advice please, I've probably not thought this through and this'll be a daft question :D . When I moved house in June 07 i needed a mortgage of £50K. I had a fixed rate mortgage with Halifax for £45K over 5 years which I'd been paying for about one and a half years and they agreed to transfer that to my new property and…
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Credit check query
Hi there, First post on here but have been lurking for a while. I cannot tell you how much help and advice I have got from reading these posts. I have had an offer accepted on a house and had my MIP in place from Abbey. Having read a post on here it seems that Abbey are putting up their rates from Monday. So I e-mailed the…
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Endowments
Can anyone advise me if the money invested in endowment policies is safe? Due to the recent fiasco at Northern Rock, I was wondering if an insurance company went bust would I still get my money back? Thanks
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Hlp Pls - Mortgage up for renewal end of month - have i left it too late?
Hi looking to switch mortgage at the end of this month when our exsiting mortgage term ends. 1, Am i cutting it fine on timescale 2, who's got the best fixed repayment mortgage at the moment pls over any time period with lowest set-up fee's etc (ie. whats the best all rounder!) Sorry for the lazy post but I have been very…
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Making overpayments if intending to emigrate?
I'm less than a year into a 30 year mortgage and have been intending to make fairly regular overpayments. It now turns out that I'll be selling up and emigrating in five years or so. Should I continue to make overpayments on the mortgage or are they only really of any value over the entire term? Up to this point, I've also…
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FD question
i am going to switch over to a fd offset mortgage there are two options that i can take 2 year fixed rate offset Mortgage 5.25% for 2 years, reverting to our standard variable rate for the remaining term, currently 6.25%. The overall cost for comparison is 6.2% APR. (no arrangement fee / fixed offset Mortgage booking fee…
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bradford and bingley endowmwnts
hi all, first post , but if its in the wrong section sorry, but i need to know if anyone has had any joy claiming off the above regarding misselling endowmwnts in the 80's. or can anyone link me to such topics, obviously i would be very gratefull, many thanks carl
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Northern Rock Unsecured Loan
Apologies in advance if this topic has been covered elsewhere btu there seems to be a lot of NR posts and im a bit lost having only signed up today. I took out a 74K mortgage with NR and a 8K unsecured loan in feb 2006 on a 5year fixed rate mortgage at 5.75%. The property is now valued at 90K. Now although I have nearly…
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Redemption Penalities
Hi We recently decided to move house to accomodate our growing family, and having a mortgage with our original mortgage company which stated we could port the mortgage (albeit potentially under a new product) to ensure our redemption penalty of circa £13k would be waived, we have found the ideal property (typically!).…
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Payment Holiday Query?
Hi, I remortgaged in October 07 due to my 2yr fixed rate deal ending with Abbey and am now on a 5 year fixed rate mortgage with Woolwich. I am now 4 months pregnant and want to take a mortgage break or payment holiday later in the year as maternity pay is horrendous and I'm worried about paying the mortgage (would be a…
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Switching residential to B2L mortgage
Hi, when a property owner turn their primary residence to a B2L they have to inform their lenders re their mortgage. It is said that some lenders may retain the terms of the mortgage without change, whilst others may change it to a B2L rate charging also an admin fee. I would be interested in people's experience who have…
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please help
me and my wife recently had twins and now cant afford to pay our mortgage and secured loan. we cant sell because there isnt enough money in the property and renting it out wouldnt cover our costs. What would happen if we stopped paying and just moved out as we see this as our only option. we really need and any advice will…
