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Northern Rock Deal Ends - Remortgage for better deal and clear some debt
hi my northern rock 2 year deal ends on 1st November 09. the outstanding balance is approx £148000 and we have positive equity I would say the value of the property is around £187000. We also have another property to which is a buy to let. This ends 2009. this has a £92000 mortgage. Again we have positive equity the value…
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First time buyer. Where to look.
Have now been renting for 4 months and am sick of it and must get on the property ladder now that me and OH have full time permanent stable jobs. Combined gross we earn 25k minimum PA so we are looking at a 100k mortgage. Now the wife is American and we are going to be moving back to the USA in 3 or 4 years, so what would…
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Will I get a mortgage?
Is it possible to get a mortgage if the 2nd person on it is covering a maturnity leave and is not in a permanent job? Combined my parnter and I will be fine covering the mortgage but I have worries a bank wont accept her as she is not in a permanent job. Cheers in advance, Liam
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3 yrs self employment versus 2 years
is there a big difference in mortgages available if you have 3 years self employed history compared to just 2 years? First year I was self-employed, then started a ltd company of which I am director & sole shareholder. Im the only employee which I believe still counts as self-employed to lenders? My accounts are done by a…
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Kensington mortgage
Hello all, I'm after some more of the wonderful advice that this site is so good at providing! I currently have a interest only mortgage with Kensington (I know, I know...) for £116k for which I pay £750 PCM at an interest rate of 7.5% fixed for 3 years. I am currently 1 year in to the fixed rate. My income is £26k PA and…
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True cost Mortgage calculator
Does anybody know of a “True Cost Mortgage Calculator” For budgeting I prefer fixed rate mortgages for a so I’m after a calculator that I can put the figures in, loan amount, length of loan, costs, rate etc. and it then tell me that after 2, 3, 5, 10yrs etc. I have paid “X” amount and still owe “Y” amount. I'm aware of…
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Mortgage after retirement
Mortgage after retirement I am 57 years old and hope to work until I am 65. We recently sold our house and are living with relatives. I have a good salary but have a lot of debts. We have £20000 for a deposit and are looking for a mortgage of about £200000. However, to make the repayments affordable the mortgage would have…
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Is a mortgage application on a 6 month contract possible?
Hello, I am currently working as a supply teacher doing day-to-day supply. I soon hope to get a more long-term contract and apply for a mortgage. A number of jobs are being advertised covering maternity leave, which normally lasts for a minimum of 6 months. I would hope to get another job immediately after this contract…
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Nothing Makes Sense to Me any more...
I have just got planning permission granted on my falling down semi-detatched bungalow. I took the plans to local estate agent to get an estimate of the value once all work completed - 2 valuations £200,000 + £220,000. So I though great maybe I can get sorted. NO NO NO, financial companies do not want to help you, just…
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Re-Mortgage Advice needed !
Hi everyone, I`m a new subscriber so please be gentle. I find myself in a predicament, I`ve been advised by a colleague that my personal financial circumstances lend themselves to a 1 account mortgage. I`m somebody who earns a reasonable salary that allows me to live within my means with no debt. I also though receive a…
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Mortgage Advice Needed
Hi everyone I am in a weird situation. 2 years ago I bought a house with my partner on a 5 year fixed rate mortgage, however last year we broke up. We thought we could live together but to be honest I really need to move out and get my own place. The dilema is he doesnt want to sale the house as he really likes it but he…
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Moving home - opinions please
Any opinions/advice welcome. We have 5 yrs left on interest only mortgage. Phoenix policy with about £15,000 shortfall (cost us £70 per month). They've given surrender value of £19,000. We would now like to move to a slightly bigger house, Considering cashing in the endowment, putting it towards our new house, and paying…
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More Phoenix Life endowment woes
I have a £40k endowment policy with Phoenix Life (policy ex- Britannia Life/ AlbaLife) held since 1993 for a basic sum assured of £16k with monthly premiums of £64.32 that has paid out £0.00 annual bonus since 2002. Existing bonuses from 1993 to 2001 totalled £2910. I have been reading other threads and those people at…
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Do I have a case for complaint?
I took out a mortgage via a broker in 2006, on 2 year fixed payment option. I still have emails from the time this happened, as well as earlier this year, where the broker advised me that our two year deal comes to an end on 31st August 2008, with no early repayment figure payable after this date. Their Key Facts statement…
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Ported mortgage - interest payments?
Hiya Can you please advise, we ported our mortgage 12 months ago when we moved house. We did not require any extra borrowing so everything stayed the same with the mortgage. However, over the last 12 months we have only really payed off interest again with no capital like at the start of the mortgage - is this right? We…
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LTV and valuation question
I need to remortgage soon and was planning going with First Direct who will only lend up to 80% LTV. When I bought 2 years ago I borrowed about 87% so will need to reduce the amount I borrow. What I am not sure about is how I know when I apply what 80% of the value is. So if I say apply to borrow 80% of what the flat was…
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2 bits of mortgage advice any help gratefully received
1. My rough circumstances good credit history, annual income basic 18500 with roughly 3 to 5000 in overtime.Been in employment 8mths before that househusband. wife now at home with kids who was self employed but wound her business up with only low profits in final year. Plus tax credits of 9000 for this year which is due…
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House Extension, use savings or mortgage.
Hi all, Not sure if this is the correct area as it falls into several subjects. Anyway, we are considering an extension on the house, a side extension as a play room. This is all subject to the council agreeing of course. Anyway, i'm not sure how to fund it. A builder we have approached has said that it will cost less than…
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Fastest mortgage application lender - Advice/info please
Hi, I am buying a repossessed property and I need to a lender that is going to be swift on instructing the survey and with thei paperwork as I need to complete in 28days. I have not put my new offer in but I know that they will accept it based on previous offers. I rang a broker today and she said that some lenders don't…
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Dump Woolwich and go with First Direct?
We are part way through a mortgage application with Woolwich but they are messing us around something chronic, so I called First Direct up last night to see if they would lend to us (we have a quirky property). Well they confirmed that they would (with an undertaking from our solicitor), but she needed to take some details…
