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Partner just applied for a store card, will it affect mortgage?
My girlfriend just came back from Mothercare and told me she got a store card from them. We are supposed to be applying properly for a mortgage soon (already have an agreement in principle). I have heard stories about people being declined mortgages due to to many marks on the credit report, and I think this store card…
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Comparing remortgage deals: Nationwide vs First Direct
This looks interesting: http://www.financemarkets.co.uk/2008/08/19/first-direct-launches-offset-base-rate-tracker/ No fees, either. It looks quite attractive, but I'm almost tempted to think too attractive. Is that just me being cynical?? I'm looking to remortgage for October and was already looking at the 5.74% exclusive…
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Buy to let Mortgage advice
I would be grateful for any advice, i currently lease my property to the local authority under their private sector leasing scheme for a period of 5 years with effect from the 16th june 2008. The property is valued at approx £95000 and i do not or have ever had a mortgage. I currently stay with my parents but would like to…
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First-time buyer but self employed...how can we do this?
Hi, My husband & I have been self employed, running our small business from our rented home for the past 6 years and as a result of a change of direction in our business 3 years ago, we are finally in a position to afford to start paying towards a decent mortgage. We have a good sum of money together for a deposit…
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What mortgage for £47K
I am in the process of trying to re-mortgage due to having to take my ex of the deeds. I owe £47,000 which isn't a lot in todays market really. I have always had a variable rate but am wondering what is my best option. Most of the fixed deals have high arrangement fees so would I really gain overall by taking one of them…
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Yorkshire Building Society mortgage products
Hi everyone, _http://ybs.co.uk/mortgages/current_products/products/5yr_fix_04.jsp Its a 6.09% rate for 5 year (90% LTV) I will be remortgaging from RBS. Now, it has a fee etc - but will i have to pay extra for legals and valuation and other hidden costs or is it included in the £995 fee? (of which you get 500 quid back at…
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Mortgage adviser fees
I have never used a mortgage adviser before so don't really know the score. I have been recommended one by a friend. She has said that she will get back to me tomorrow about any possible offers and charges £150 on completion of the mortgage. Does that sound about right?
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Help Needed - Was I Mis Sold A Self Cert Mortgage??
Hi guys. Any advise appreciated. In 2004 after being widowed and with the insurance company refusing to pay the insurance policy out I went to a broker for a new mortgage. I didn't have the income or the credit rating to go for a high street lender so I was advised to go for a sub prime self cert mortgage. It was…
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Re-mortgaging with no equity !
Hi All, I took out a mortgage last year with a 10% deposit, at the time I had my own business so I had to get a self cert mortgage (through mortgage express)which wasn't a brilliant deal but I knew I would be moving back into full time employment by the time my fixed rate deal ended (2 years)so figured I would get a better…
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Can anyone advise me
Hi There, Im writing this on behalf of my sister, she and her husband are selling their home, and are moving to Canada to stay. Today, the missives have been concluded (we live in Scotland). She is due to move out of her home on Friday, and the new people move into her old hom on Friday. She has been told by her solicitor…
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mortgage+retention
Hi there, I wonder if anyone could help me. 6 months ago,i bought a property,& a £5000 retention was put on it. I have now completed the works needed & had them passed off to free up this amount & received a cheque in the post today. Now,my lender has held this amount,all this time,but if it had been in my bank account,no…
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Please advise.... if you can!!!!
Hello all. I am after some sound advice if you can help. I will try to keep this simple as best as I can. My wife and I currently live in the Midlands and we HAVE to move back to Kent by the 1st September as my wife starts her new job then and my lad starts school. (I already work in London). Here lies the problem. My…
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bank got me in wrong LTV bracket !!!
hi can anyone shed any light on this ......we are looking to fix for 5 yrs at present our bank has our house estimated valuation at £143000 now i know for a fact its worth more like £200000.....we are a semi and along road a mid terrace is on market for £192000 and most sell around here for that around price , now problem…
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Use new salary or old to maximise borrowings?
I am currently about to change jobs, which would result in a substantial increase in salary. In order to maximise the amount I can borrow, am I better off to use my new job offer as the basis for my mortgage application, or use the existing lower salary? I have been with my current employer for 4 years. I have seen the…
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Capped Mortgage
Can anyone help, we took out a fixed mortgage 18 mths ago for 10 yrs. We have now come into some inheritance and want to pay it off. We have been told that there is £8500 penalty to pay. Anyone know of a way of reducing this. Thanks
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Mortgage Finance Store- Anyone used them?
Just had a call from someone from 'The Mortgage Finance Store' who are based in Dundee. They have set up meeting to discuss a 'Mortgage Review' with them, and as we are coming to the end of our current deal thought i'd give them a try. Has anyone used them before? Were they any good etc etc? Any help would be good, cheers…
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Re-Mortgage
Hi My fixed rate mortgage is coming to an end very soon. Me and my husband have a bad credit history due to having had an IVA, due to past debt problems. The IVA completed 3 years ago but we still have problems getting credit, even though we are back on an even keel. Our mortgage rate was about 7.5% but we have just had a…
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Mortgage overpayments shocker
I have a mortgage at Advantage, which at present costs around £956/month. Since Dec 2006 we agreed - in writing - to pay a direct debit of £1,000/month in order to help pay the mortgage faster. However, a supposed routine call with Advantage has revealed that they haven't actually been using these overpayments to pay off…
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Interest only mortgage vs repayment?
Just wondering which is going to be the best method for us? We have always had a repayment mortgage but are currently remortgaging with the Woolwich (£80k over 16 yrs, BBR +0.89% lifetime tracker) I am trying to work out which method will get the mortgage cleared more quickly. The Woolwich have said that any overpayments…
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Oakwood waiving 15% of the mortgage balance to redeem?
I'm not sure of the full details, but this is the basics of an email I've just received. Has anybody else heard any more about this? Oakwood's handout could be good news for brokers. If you have a client with an Oakwood BTL mortgage they could find themselves with a generous offer to redeem their mortgage as Oakwood is…
