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Extending Date of Mortgage Offer
Guys, Has anyone successfully extended the completion date of a mortgage offer. To cut a long story short, the 4.99 2 year fixed we have had approved, runs out on 20th Aug and we are keen to extend by atleast a month. The completion is now due toward end Aug, but I'd like to extend further until the stamp duty issue is…
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A happy mortgage customer NR
In 2005 we remortgaged with NR, fixed at 4.89% for 15 years with 18 years left to go. I could kiss my mortgage adviser and am so sorry others are in such predicaments because it could so easily have been us.
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Mortgage with parent's income/help taken into account?
I have recently separated and am shortly to be divorced and am hoping to buy my husband's part of the house we own jointly but am struggling to get a mortgage for enough as I don't earn much due to having 3 children and not being able to work more than a few days a week. I have been offered a small mortgage and I have been…
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Splitting From Partner - Advice Required
Guys, This probably isnt the right place to post this kinda information but im pretty confused about all thats going on in the last couple of weeks. Heres the background.... Ive been seeing my girlfriend for almost 10 years, we moved into a flat around 4.5 years ago and then in february this year we sold the flat and moved…
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Deposit or No deposit?
I need help and was wondering what most people would do? I am buying a newbuildhomebuy flat that has been dropped in price by £30000. I am buying 35% of the property for £63000. I have been offered a 100% mortgage for 35 years capped at 6.9% for 5 years at £402 a month.I could put a deposit of £7000 down and get the…
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Offset Mortgages and stoozing
Hi, just after a bit of advice on offset mortgages. Our current mortgage is coming to the end of the initial 2 yr deal - I'm currently looking at offset mortgages for our re-mortgage. I just wondered if anyone had taken advantage of cash available from 0% credit cards - transfering the balance into their offset account for…
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Can a bank refuse Transfer of Equity?
I really need a bit of help!! My sister got married in Sept 2005, she had her own house when she met her husband to be and this was sold and when they got married they bought a house together and even though he did not put any money into the house she put her equity of £60000 into the house. He had a bad credit rating and…
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Turned down for HSBC mortgage
Hi Can anyone advise me please? If you get turned down for a mortgage, will this affect you when applying elsewhere? Thanks Sue
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First time buyer needing few pointers
Hi all I've been thinking about flying the nest so to speak for sometime now, although never really been overly serious about it. Mainly as my work is just around the corner and i am fairly comfortable living at home, and of course it's nice and cheap. I have money saved up for a good 10 years of working, so i have a nice…
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paying the mortgage by credit card
Hello, i have a Natwest offset mortgage and a 10 month interest free on purchases credit card. I want to pay the mortgage with the credit card and keep the money for the mortgage in the offset account to offset the interest on the mortgage. (And pay the minimum payment on the credit card until the interest free period…
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How to get a higher mortgage quote...
Good afternoon, I was hoping someone could help to answer a few questions about what mortgage lenders look for when making a quote- I recently had a quote and it was significantly lower than I had expected (less than 60K, I had hoped for 80K really). I am wondering if my problem is that I have had a succession of temporary…
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Offset Mortgage Risk
Hello forum! I am applying for an offset mortgage with Coventry Building Soc (CBS) to buy a house with a 25% deposit. The reason I want an offset is that I run my own business as a sole trader and generate good free cash flow which I want to put to good use. My concern is that with an offset mortgage, my offsetting cash…
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I'll never understand my endowment policy
Hi, my endowment matures in August 2012. Can anyone explain why the maturity forecasts have gone up when the surrender value has gone down? Surrender value (1 July 2008) - £36,200 Surrender value (1 August 2008) - £34500. Maturity Forecasts August 2007 @4% £45,300 @5.5% £46,600 @8% £49,700 Maturity Forecasts August 2008…
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Quandary
My current fixed rate term (5.16) finishes with the Nationwide in October. There is £8.500 left to pay. I expect to pay it all off within the next 15 months. My quandary is......should I go for the SVR at 6.4% OR go for a further fixed term which they have offered over 2 years at 5.98 which I would complete before the…
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Self-cert availability
I'm not looking to buy at the moment (obviously!), until prices have dropped another 10% or so, but just curious what kind of finance I would be able to get, so we have an idea what we might be able to buy. I'm a director of a one-man limited company with a couple of years accounts showing about £125k/year in sales, and…
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NR - What a mess!!
Hi, me and my partner bought a flat in nov 2007 the flat was valued at 94,000 and we borrowed 105,000 in total on an interest only from NR we are n neg equity and our fixed rate runs out in nov 2009 over a year i know but ive just found out IM PREGNANT!! so will be on materenity and then only returning to work art time we…
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2nd thoughts regarding broker
Hi all, i am having 2nd thoughts regarding the mortgage deal i was offered by a broker.Can anyone help regarding my rights on cancellation? I am currently with mortgage express and my rate rises to 7% next month New deal is variable 1.8% above base so currently 6.8% this is with borrowing £12k on top My monthly payments…
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Remortgage
My 2 year fixed rate comes to end december, when should I start to look around for a remortgage? Also if you go with a different lender, do you have to have them come out for a new valuation on the property? thanks in advance for all replies
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Mortgage industry collapsed - wht does this mean>??
Hello guys, Well everyone keeps telling me that that the mortgag industry has collapsed. what exactly does this mean??? I have to do my cemap module 1 before the end of the year. Its all been paid for :'( Is the industry going to get back on track again? the reason i'm asking is, cus I want to do the intensive courses to…
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Using standard mortgage for buy to let?
Hi We have been offered a first time buyer mortgage on a flat in a new development in NW London. The deal is you take out a mortgage for 75% of the value the house builder then lends you the remaining 25% at 0% interest for the first 5 years then 3% for the following 5 years when the 25% has to be repaid. Therefore you own…
