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Need Advice for 3rd Mortgage
Hi, Me and my wife both work full time and our household income is around £72000. We have a residential home with mortgage of £239000 and the property was valued at £285000 by bank last month. I have another Buy to let property with £232000 mortgage and property value approximately £275000. As my family has grown i need a…
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Self-cert with old adverse?
Hi, My partner needs to have a self cert mortgage (contractor), our broker tried to place us with GE Money not self cert, however this appears to be falling apart. His income stacks up and we have 15% deposit on a purchase of £175000, however four and half years ago he has a default for £4000 approx (due to marriage break…
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Name On Mortgage
Hi, My wife's parents want to apply for a mortgage which they simply can't afford. They however believe they can and are going to do additional things to help pay for it, they have asked her to place her name on the mortgage so the bank will then give them what they are looking for. I feel this is morally wrong but they…
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mortage fees,costs
hi,,just a quick question about mortgage fees,costs. Is it best to pay them up front,,or have them added to the mortage loan,,,or would the money that would be used to pay up front be better put in to a cash isa,,say paying 6.25% thank for any clarity or advise,,,much appreciated :)
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what is a fixed rate offset Mortgage
i dont get what these are - i know what a fixed rate is, and i know what a tracker is - what the hells a fixed rate offset mortgage? thanks!!!
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10 year fixed rate... your views
Hiya, I am coming off a tracker at base rate (5%) end of this month - i just dont know what to do. Im stuck with a choice of a tracker at 6.09% or 2,5,10 yr fixed at 6.24. (90% LTV) Part of me says get a 2 year tracker in case rates go down and saving money (but what if they go UP - recession time and all that) BUT a…
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mortgage missed payment advice...
Hi, I'm looking for advice on mortgage payment defaulting if anybody has ever done this before?? I basically set up a standing order for my mortgage payment because Northern Rock will not accept a direct debit on any other day of the month apart from the 1st. (I didn't want this set up on the 1st because it would be the…
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Buy To Let or Residential?
Hi, I own a house, which is currently rented out - there is no mortgage as I inherited the property. I have been to see a Mortgage Adviser because I would like to release some equity (25K). He has said I would need a Buy to Let Mortgage but because I do not have a mortgage of my own it might be possible to do as a…
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Stupid question - relocation
Hi guys, new to this board, hoping you can help me. I'm think of relocating to Devon but being able to find a job and tie this into selling and buying a new home is going to be tricky. Ideally I would like to sell my house, move to rented accomadation and then buy a new house once a job had been secured. My only issue with…
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Best 5 Yr Fixed Deal Max LTV 75%
Hi I am curious to know if anyone has come across a better deal than the 5 yr Fixed Rate for 5.59% with West Bromwich BS with a Max LTV of 75%?
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Surrender, sell or keep L&G Endowments
This is my first post so apologies if I get it wrong! I am looking at the viability of keeping 3 L&G endowments and would appreciate some advice. Flexible Mortgage Plan ISA Option Target amount: £37,785 Start date: £19/6/1998 Maturity date: 19/6/2023 Monthly premium £60.84 Surrender value (at 2/9/08) £6,586.57 Total…
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Fixed Rate Mortgage 2yr or 5yr
We are due to remortgage in october and cant decide whether to go for a fixed rate for 2 years of 5 years. The broker has advised us to go for the five year deal but we're unsure. I would appreciate your advice:confused:
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Self cert mortgage
As a sefl employed couple, we need a self cert mortgage - what is the maximum LTV we can get on these and what are 'likely' rates?
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Mortgage - Transfer and Addition of Names
Hello All, What are the steps and likely costs involved in the following -? -Transferring a mortgage from someone to another person -Adding an extra name onto a mortgage. The reason I ask is because I have a relative who is really struggling to meet his repayments (interest only). Getting a lodger is an option but won't…
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Mis-sold endowment as a young greenhorn
Need your help you wonderful people... sit back and read on Back in 1987, I was buying my first house for £43,000 with my fiance and the financial advisor at the estate agent we were buying through told us this wonderful tale of how in 2012, we would have our morgage paid and approx £20 in our pockets... never once did he…
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First Direct 10 year fixed withdrawn
Looks like FD have pulled their 10 year rate - http://www.firstdirect.com/mortgages/rates.shtml. To all those like myself who took the 6.19% deal and were considering dropping down to the 5.95% deal, looks like the decision's been made for us!
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Wannabe 2nd time buyer - advice needed
Hi all, in 2005, I went on a shared ownership scheme and purchased 40% of a 2 bed flat at the time selling for £195,000, meaning a mortgage around about £76,000 at the time. Each year the rent has been creeping up, and now my 3 year fixed rate is coming to an end imminently - that combined with a couple of other factors…
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Shall I stick with the endowment?
This appears to be the place to get good advice on endowments. Mine was with Scottish Amicable but now with the Prudential who took them over in the 90's. It is due to mature on 1/9/2014. I got a surrender value of £16169.00 as at 3/9/08. Projected maturity values at 4/6/8% are £22200/ £24600 / £27300. As yet Prudential…
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smallish mortgage
i have seen a house we really like for £91,500. we weren't intedning to buy for another 2-3 yrs so have no deposit. also, credit wise we are not perfect, no ccj's though but missed payments etc. i earn 25.5k, ote 37k, my partner earns 21k. what is thelikelihood of a: 100% mortgage, or b, 95% mortgage and 5k unsecured loan?
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Cashing in an Endowment Policy
Hi, I have an endowment policy, it's a flexible mortgage plan from L&G. It is 11 years old and due to mature in 2022. I have just received my statement from L&G and called them to find out what the surrender value of the policy would be. The amount I would get would clear pretty much all my credit card debts. I realise…
