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Mortgage - To fix or not to fix ...
Hi All, I am currently on a 2 yr tracker with Nationwide (0.13%) below base rate. This is due to expire, and there appears to be very few deals out there. Our mortgage advisor mentions there's a rate of 5.5% fixed for 2 years with a £500 reservation fee. I really don't like paying these £500 fees every 2 years. The other…
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Name to be taken off mortgage.
Hi My mum is joint names on a mortgage with my brother. She would like her name taken off the mortgage in order for her to be placed on the council waiting list. (She is over retirement age and therefore will not not be looking into buying another home). Even though her name is on the mortgage it is my brother who pays all…
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FTB buying a repossessed property - URGENT advice needed
All, First of all thanks for reading this post. I have put an offer to repossessed property. which is with a company who is acting on behalf of previous owner's financial company. This property is a 2 bedroom flat in appartment I am going to sign mortgage tomorrow morning and would like couple of advice from experienced…
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Rate goes down after I agreed new mortgage deal!
I just agreed with Nationwide to renew my mortgage with a 3 year fixed term mortgage at 6.23%. Now they have just brought their rate down.....oh @&**%$. Although I have signed up already, I have yet to pay my first payment and the fee was to be added to the mortgage. Is there any chance at all that I can get the new rate…
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Nearly enough to pay the mortgage, what to do
I own a half share of a house with my sister. My dad still lives there. She has offered me £20,000 to buy my half and said they cannot go any higher. If I decide to go ahead would you pay off the mortgage or invest the money? Our mortgage is £21,022.00 an endowment mortgage, we have about 11years left to pay on it, it's…
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First Direct - Direct Debits
I'm currently in the process of setting up a First Direct remortgage with them. I get paid on the 30th of each month where as my wife gets paid on the 23rd of each month what would be the best date for the mortgage and all other direct dedits to come out of the account inorder to maximise the offsett facility?
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Nationwide - suspiciously good rate & valuation question
Hello all, New to the forums - have had a good search but apologies if this is covering old ground. We are just coming to the end of a 2yr fixed capital repayment 4.97% deal with Nationwide and met them the other day to see about current offerings. They have offered us 3 or 5yr fixed at 5.68%, with waived fees (actually…
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removing or reducing searches on your credit file!!
removing reducing searches on your credit file hi im not sure if it is one for this board but dont know where else to post!! just wondering if there was a way of removing searches from your credit file before the year limit has run its time as it could be a key for me getting a decent rate on a morgage as i was told today…
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Endowment Assurance with Options
Hi, I wonder if someone could help me with this..........In 1996 my insurance man sold me one of these policies as a savings plan. The premium is £25.50 per month, at the time he explained that this policy could be drawn on after 10 years but it would be far better to keep it for a further five years because during that…
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Interest only mortgage for a few years til things get better??!!
Advice needed please. Our house is valued at around £500,000 and we have a mortgage of approx. £230,000. Now here's the thing - we bought the house 3 years ago (new) and got a rate of 2.99%!!!!!!!! fixed for 3 years which comes to an end in Jan. Eeeek we are panic-stricken and don't know what to do next. We have two sons…
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abbey cutting rates on Monday!
:j _http://news.bbc.co.uk/1/hi/business/7612265.stm
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Help - reposession
Hi Guys I have been on here intermittently for about 6 months. My situation has deteriorated. Im a homeowner (4 years) on a Northern Rock mortgage. I owe 83,000 to NR 7,000 to GE Money. About 3,000 to other various creditors. I have finally reached the end of the cliff. I know for 100% certain i cannot pay my mortgage-…
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HSBC Premier Account- Good Deal on Mortgages
just wanted to seek some opinion here about the HSBC Premier Account. The qualifying criteria is below What do I need to be eligible?* * Do you have Savings and/or investments of at least £50,000 with HSBC Bank OR * A mortgage of £250,000 or over with HSBC Bank and an individual income of £75,000 or over My question is 1.…
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claiming mortgage exit fees
Hi, I claimed my exit fee difference from The Newcastle Building Society as they bought out The Universal Building Society with no problems at all. I recieved a cheque for £135 within 1 week of writing to them. However my sister decided to claim the difference of her exit fee with The Northern Rock and they have only…
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Advice? Fixed rate - 3 or 5 year?
My fixed rate is about to come to an end and I am going to take another fixed rate deal. However, would you recommend a 3 or 5 year deal (same conditions, cost, etc) at this time? Thanks a lot :confused:
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Confused! Help needed!
Hi We have a house we are interested in buying once we have sold ours. The house value is 100k it needs around 10k spending on it to bring it up to date. We should have about 30k equity in our house so my question is would we have to keep 10k back therefore only putting down a 20k =20% deposit on 100k or could we put down…
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End of Mortgage Deal HELP!
My interest only mortgage deal with Northern rock will end on 01st october 2008. My current rate is 5.09% on my mortgage and something like 7% on my secured loan. I currently pay £421.00 p/m. I have today recieved my redemption statement as NR cannot offer me a new deal and if I stay with them my rate will be 7.49% making…
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How strict are banks being re deposits
Hi I hope somone can advise me - My wife and I are looking to get an appointment with mortgage advisor but don't want to be laughed out of the bank/building society in the current climate. We have recently steped off the housing ladder after being a home owner for the previous 2 1/2 years. We are currently living in my…
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Morgage Rates
Are morgage rates coming down ? We are with Intelligent Finance at present on a fixed rate deal until April 2009 im dreading coming off the fixed rate as i think we will be paying much more on there variable rate .We have now got a bad credit rating so i dont really want the hassel of shopping around to be turned down so…
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How late would you leave it?
My 4.4% fixed rate ends on 31/12/08. Given the time it takes to re-mortgage I was looking to sort out a new deal this week - but given that rates are tumbling by the day how long do you think I should delay things? I am fortunate that in terms of income and LTV I could opt for pretty much any mortgage deal out there.
