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Fixed Rate vs Tracker
Hi My fixed rate mortgage with Halifax is due to come to an end in december. I have been to see my mortgage advisor who is saying that i may be better going onto a tracker rate now that interest rates are going down. It seems i have a limited choice of mortgages since the contract on my current job is due to finish in feb…
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Transfer of Equity
Hi there, I was after a little advice about some property my parents own. They have a second house which is in my father’s name. We want to mortgage the property so I can renovate it for them. The Application is being processed in my mothers name because my father is to old, however the solicitor is telling her that she…
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this website appears very SLOOOOW.....
i know its not just me - as its the same when im at work - but the forums \ mse website seems very slow... is it the massive demand \ traffic>? anyone notice the website being slow?
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Save the difference, or overpay?
if the interest rates come down over the next year or so and therefore make my re-payments each month less - should I save the difference on my existing payments into a savings account? or should i overpay the mortgage by what im paying now (ie continue paying as if the rate was higher) how do i make overpayments? there…
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fixed mortgage rate ending do we fix again?
Our fixed rate on our main mortgage account ends in March. We are with Cheltenham & Gloucester and have several sub accounts with them as well. Apparently we've been told we need to make a descision in January if we want to fix the rate again. With the current climate is fixing it the right option?
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First Direct
Hi All Just agreed aggreement in principle from FD for a mortgage. Application forms in but aware that there is a 10-12 week wait. Is this standard across most lenders these days or just FD?. If so has anyone any advice as to whether this will cause delays with house purchase?. (house we are purchasing is part of probate)…
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When does my Tracker deal end? Help Please!
Hi everyone, I was doing some clearing up at the weekend and found all my deeds, mortgage stuff, etc and i am needing some advice please. I currently have a 2 year tracker with Bank of Scotland, however in all my paperwork it says that this deals needs in June 2009, however, i didnt complete on the property and so…
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any advise welcomed
Hi All, Am posting for first time looking for some help. We needed to remortgage at the begining of this year and spoke to a broker who offered a fixed product - 5.89% he got an on line agreement in principle with Halifax done on that basis this was beginning of Dec 07. I rang back mid December and said I would take the…
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Mortgage rates - Kensington
Hi, I have a mortgage with Kensington and it is based on LIBOR rate, but have just spoken with them on the phone and have been told that LIBOR rate is calculated every 3 months, so at moment it is at 7.45% and is due to be reviwed in December, is this normal practice for quarterly reviews of rates? Thanks
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Endowment shortfall advice
Hi everyone, I am a newbie and I wondered what you wise people would do in my situation... My husband and I have a mortgage on a house we bought together which is part repayment and part interest only. The interest only part is around £30,000, as when we got married my husband had an endowment mortgage on the house he sold…
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no fees
i currently have a mortgage with NR,i have £27000 left of my mortgage and 13 years to go,the value of my house is a £140000,the problem i'm finding is trying to find another lender that has none or little fees,because the time i have added on the fees i end owing more than i started with,anyone know of any lenders out…
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Have I done right thing?
Fixed rate comes to an end on Nov 1st,been offered 5.49% fixed for either 3 or 7 years,fees are £1300 for the 3 year fixed and £850 for 7 year fixed,I didn't get much of a say,hubby went ahead with 7 years,is this a good deal? or should we have gone with the 3 year? can't go elsewhere,for obvious reasons ;) just wanting…
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Fixed or tracker time?
Hi all, I appreciate that mortgages are personal and the right deal depends on so many variables etc. Can you guys give your opinions on whether to stick or twist? Thanks
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falling rates ????
Just come to the end of a 4 year deal with Chel and Glos with a rate of boe+0.39. Now i fully expected to pay a bit more in these times. Phoned them up last tuesday -and got offered boe+1.25 . As Mr G brown lent them all this cash i expected the rates to start to fall. Have just checked the website and they are now at…
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Mortgage in principle on an offset mortgage?
I was buying a property until about 2 weeks ago when the vendor pulled out as my bank were taking so long with the mortgage offer even though it was imminent. Not heart-broken actually as prices have dropped so much lately. When the vendor pulled out, I let the bank know and they stopped processing the mortgage. I am now…
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Rate Reduction - Mortgage Increases??
I have in the past made a couple of posts on this same subject but have not really had a satisfactory result or explanation. Basically the problem is:- My mortgage rate has decreased by 1/2%, yet my monthly payment has increased by £3.46p. I am on a straight repayment mortgage with Lloyds/TSB and it has always been a…
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Tracker Mortgages - Can the banks do this???!!!
Hi, We have a lifetime tracker with Intelligent Finance at 0.34% above the base rate for the duration of the loan. I'm hoping we're in the lucky position where we will benefit from current and future interest rate cuts. One paper today predicted the base rate will be 2.5% this time next year. I mentioned this today to Mrs…
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Remortgaging - I'm a Virgin
I purchase my first house with my partner nearly two years ago. We purchased the house for £85,500 and got a fixed rate 95% mortgage with Nationwide. As it was our first time in moving out from our parents, we got an interest-only mortgage at this time. My fixed term rate is due to expire in December and so I'm looking at…
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A Bit Of Advice Please
Hello all , this is my first post on these forums and hopefully my thread is in the right place. Having just finished a long term relantionship where me and my ex were renting i`ve moved back in with my parents for a couple of weeks. Now i have two options in front of me. I roughly earn 32k a year and have no debts. 1.…
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Does a chrging order effect you getting a remortgage in the future?
Hi, i won't give you our life story it would take forever to explian! But down to changes in our circumstamces we found it difficult to pay our n rock usecured loan. our mtg is with halifax and now we have missed approx 6 payments to nrock. we have been making small token payments all of which have been cleared. we are…
