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Help required
My husband and I currently have a mortgage with Northern Rock and the fixed rate expires in October 2008 so I need to start looking for a new deal. I have 2 problems. We are looking to put our house on the market in the near future and will need a bigger mortgage when we buy a new house but this is also dependant on my…
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Remortgage due in 14 months. Dramatic salary decrease since remortgage. Advice please
Hi, I am curious to get the opinions of yourselves on the board here with regards to what will be an upcoming concern for me. I remortgaged on a 2 yr fixed last November 2007 at a rate of 5.59%. At the time the valuation survey(Sept 08) was carried out priced my property at £270,000. My current outstanding balance is…
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First Time buyer in dilema! Can anyone help?
Hi all, I am a bit of a dilema and hope that someone may have a few pearls of wisdom to help me out! I am looking to buy and am a first time buyer. I have a deposit of £5k and potentially could increase this to £10k. My parents have offered to be guarantors as their two homes are paid off in full. Does anyone know if banks…
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What do you know about Ownhome???
Hi everyone. I've been looking into getting a house with my partner up to a max of £150k. We live in Milton Keynes, so the house prices have been quite stable up until the last month or so where the credit crunch has finally hit the area. We are saving avidly for a deposit, but then came across a government scheme called…
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First time buyer in temporary job
Hi I was wondering if anyone know of any lenders who would be willing to lend to a first-time buyer on a fixed term contract. I'm a teacher and I've been employed (initially) on a 1 year contract, but will be made permanent if all goes well. I do have around a 5% deposit but I'm not sure if anyone will lend to me in the…
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Allliance and Leicester Rate changes
Just to let those of few who have been posting re. coming to the end of A&L deals know, some of their rates have changes as of today. Personally I was going for the BoE +0.98% tracker with a £999 fee, but I have put in a request for their new product of BoE+0.89% with a 1% fee (this is £763 for me). This product reverts to…
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Provident Loans affecting Credit
Hello. My sister recently had a loan from the company Provident. The ones that charges massive interest and calls to your house once a week for payement. Anyway, she has missed a few payments, yesterday the woman who collects the money each week called at the house and said 'You want to be careful, if she doesnt pay it…
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pay more of my mortgage or credit card??
hello ppl, apologies if this is posted in the wrong place... i wanted to simply know if its better to pay off my credit card first (which 0% finishes in 6 months) or pay off my mortgage first (by paying more into my replayments) we are on intrest only at the moment as we just purchased the house 4 months ago and now we are…
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Shared Ownership additional borrowing
Have a 25% share in a housing Association property. There is sufficient equity in the property for me to take additional borrowings....however my mortgage lender cant proceed without a letter from the housing association stating that the mortgage protection clause will support the additional borrowing. Guess what....the…
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Spanish property purchase
Hi, We need 65% mortgage to complete purchase on spanish apartment purchase which has been brought to completion stage four months earlier than expected. Does anyone have any experience of any spanish mortgage brokers or any suggestions as to best way to raise money to complete? Thanks Barb:confused:
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HSBC 1st time buyer with defaults
Does anyone know what the HSBC's criteria is for defaults?? Basically i am a first time buyer wanting a 90% mortage on a £60000 property (50% ownership on shared ownership) so £54000 lending. I have 2 defaults one in jul 04 for c. £100 and one in jan 07 for c. £600. halifax have declined me altho it was a pass "c". i spoke…
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Grandparents passed away and left home to my dad
Guys, I was wondering if anyone with any law experience could help? My gran passed away last year and now her home is left as is. My aunt is the Executor and has filed to change the name of the estate in my dads name (as requested by both my grandparents before they passed) The first letter went out to all the family…
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One Mortgage for Two Properties
I apologise if this has already been discussed, I tried the site search and found nothing. Basically a block of 4 terraced cottages have come up for sale, the seller (one man owns all 4) has advertised them seperately, although he is happy to sell them in pairs or all 4. My partner and I would be interested in 2 of them,…
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Mortgage lump sum payment options help please.
I have a part endowment and part repayment mortgage currently at 5.29% (0.29 above base for the life of the mortgage) The endowment is split into two policies, one of which has just matured at £3600, the other £37900 policy matures in 2012. The repayment mortgage finishes in 2016, a little early as I pay £100 extra each…
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Am I panicking to early? NR
Hi guys We have a mortgage with the dreaded NR, originally I took it out on a derilict apartment and took advantage of the 120% to restore it to its full glory. I sold that place and recouped the 20% on it, we know live in a 3 bed house worth approx £170,000 but in an area where a lot of properties are for sale and not…
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Looking for a calculator which will show mortgage balance after 1 year?
Hi, I've had a one yr fixed with Chorley and want to check that the redemption figure they've quoted me is correct. It was 155k over 11 yrs at 4.99%, what should the balance be? Anybody got such a calculator? Thanks
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assistance needed
Hi all, can you help me. I am having problems paying my mortgage at the minute I spoke to Abbey and they said as I am paying Interest only there is nothing they can do - she advised that we pay maybe half of it each month until I get on my feet again. Is this ok to do i don't want my house to be repossesed!! Shd I cancel…
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Re-mortgaging with arrears
Hello Can anyone offer me some advice please? I hurriedly re-mortgaged nearly 3 years ago to buy my (not very nice) ex-boyfriend out. It is an interest only mortgage with Rooftop. The payments started off at £700 (which I could comfortable afford) and are now £1300:eek: . I am currently in arrears (two months and then…
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Student Loan and Mortgages
Basically I have been fortunate enough to be able to afford going through university with the support of my parents. Because of this I have been able to take the maintenance loan each year and saved it in various different investments. I will graduate in June next year with about £25000 debt to my name. However, I will…
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Cashing in an endowment - help
I have a policy with prdential which splits into two funds; UNITISED WITH-PROFITS FUND and UNIT-LINKED FUNDS I can cash them in for about £8k but does anyone know of a company willing to buy them?
