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Reduce mortgage with credit card?
Hello, Im just looking to bounce an idea around to see if people think its viable. Currently have a 105,500 mortgage at 7.09% interest only (deal ran out last month). My house has only been valued at 115,000 by abbey when I applied for mortgage (a bit of a shock, when broker thought it was worth 150,000 but no houses have…
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Mortgage arrears after money stolen through paypal... help
Paypal phoned me a few weeks ago to say they had frozen my account as there was a transaction for 500 euro which they thought wasn't me.... they said the money had not gone through, and my account was frozen... good job I thought..... a week later.... my mortgage payment didn't go through as there was insufficient funds!!!…
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Fixed in current climate ?
Hi All, We have just come off a fixed rate mortgage with the Nottingham we were paying £500 a month but have dropped to their SVR which is costing us £578. We have always had fixed rate mortgages but wonder if its worth holding out for interest rate drops in the next few months ? I know its a big questions but can anyone…
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Successful Compensation Claim
Some of you may remember that I started a thread in early July, complaining about the service we received from Natwest and the processing of our re-mortgage application. Well, after finally completing on the agreement I sent a 5 page letter to Natwest's Complaint Division, asking for compensation for the troubles. I seem…
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to cash or not to cash that is the question!
Hi I have just been reading about someone with an endownment policy who wants to know if they should cash it in. We have a policy with Scottish Provident which matures 2014 for which we pay £13.70 per month and the target amount is £10K. Is it worth us cashing this in now? It isn't attached to a property. It says with…
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Schedule Announced for Conference & Workshops on SOA, SaaS, Virtualisation & ECM
When Technologies Mean Business, Participation Means Advantage. The schedule for Business Technology Summit has been announced. The theme of this year's summit is Riding the Workhorse IT Hockey Stick, featuring a convergence of four co-located tracks that have been identified as the power team for Workhorse IT -- SOA & Web…
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Mortgage Offer
We had a mortgage offer from Nationwide but the house sale fell through. We have now found a new property for the same price.... do we just inform the lender and our solicitor of the new property details? (The offer is valid until Feb 2009) i assume the lender will carry out a valuation of the property, and if all is ok…
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Mortgage Help Please.....
Hello Everyone, Help would be appreciated.... I am after a mortgage which I am going to spread over 25 years but hoping to pay it back in a lot shorter period. Therefore I need no repayment and settlement charges. I'm just struggling a bit with all the jargon etc - is it a risk to either take a tracker or fixed rate with…
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Joint or solo mortgage?
Hello Long time lurker, first time poster so please bear with me! We are looking to remortgage our home as our current deal (NR) runs out in Nov. It is currently in my name only. I earn £24K. My OH is self employed (just completed his first month) and earns £30k (no outlay so all 'profit' bar tax etc). Can he self certify…
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bad bad barclays!!
Hi all We have just had an ordeal with Barclays that I thought you should all be aware of. In July we requested our reserve to be increased, after spending over an hour on the phone we were told no problem. I had told them that we wanted to go to a property auction as there was a few we where interested in, I was told go…
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What’s best to do with Full Term Endowments?
After being in the fortunate position of paying off my mortgage early in 1998, I have four endowments which I continued to pay into as an extra saving with what was Scottish Amicable and now the Prudential which are starting to mature in March next year 2009 through to March 2011. They are all with profit ones and are…
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Remortgage as bridge, moving abroad. Bad idea?
Hi all So, we'll be moving to the USA, prob in the first half of 2009 and want to buy a house in advance of going over there. As I've found out, it's very difficult to get a mortgage loan over there until you've built up some history. I did get a quote from a UK broker, but it was very expensive. Plus, as we're looking at…
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Remortgage advice req--Northern rock
hi folks looking for some advice my current NR fixed rate ends on 01/10/08.. looking to remortgage estimate value of house - 105,000 - (house nxt door currently on market fixed price) got roughly 77750 left to pay. Prob is i need to pay back "help with cost", of £1000 if i remortage b4 01/04/09. so if i add that onto…
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Worried about getting a new mortgage
Hi, My husband and i are planning on selling our flat and moving into a bigger house but i am worried we wont get accepted for a mortgage. We have in the past been late paying credit cards but these are all up to date now, i was late paying my mortgage last month due to me miscalculating with the bank (i took too much…
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fixed or tracker?
what is best to go with at the moment? We are FTB in the UK ( owned property in South Africa before) we found a house we like, it was on the market last year at 315 but the sale fell through and due to divorce they want a quick sale so it is now 250, a big drop so we don't feel we need to wait for the price to come down.…
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Mortgage Ideas
I've been renting happily for 13 years, but now want to buy a house at say £250k with £50k down. The reason being to have some long term security. The issue is is that although I earn about £60k pa, I'm 54 and not sure about taking on a 25 year mortgage. My wife is 38 and earns £10k so retiring in say 10 years might leave…
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Overpayment On Mortgage
This is my first posting, please bear with me! We are looking to over pay our mortgage to enable us to stop working full time sooner. We owe £41,900 (£23,500 Interest only, £18, 400 repayment), have 6 years left and are on a fixed Mortgage until 5/09 at a rate of 5.29%. We pay £413 per month. We've had advice to overpay on…
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Mortgage Advise Please
My deal with Alliance and Leicester will run out at the end of October, if i dont take out a deal it will go onto a variable rate of 7%. If i do that then say in 6 months they have a good offer available does anyone know if i can then take out a deal with them without doing a credit check? At the moment i dont need to do a…
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splitting up,and selling or not selling up ?
i have split from my fiancee and her 2 kids since february now,they still live in our house which has a mortgage on it,which i still pay approx 20% ,and also some of the bills.i am considering selling it,although she most definitely dont want to sell,what legal rights do i have,and can i force her to sell.
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The good, the bad or the ugly Endowments?
How can you find out which companies are doing well and which are the poor performers without reading what it says on their own web sites - they would say they are doing well wouldn't they. I have a Scottish Life policy and can't work out what to do with it by reading the Scottish Life web pages. I am an intelligent…
