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advise-one account/offset???
hi there...looking for any advise you guys could give... pretty new to the housing market, bought my first property last year with the Halifax and a bit of a late starter at 33! The repayment term I was sold, was for 31 years!!! yikes! Just received my annual mortgage statement, trying to make head of it all, but theres…
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Why should we help the liars who are going to get reposessed?
This is now a redundant post
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ISA's versus Mortgage overpayments
Hopefully posted this in the correct forum,just looking for advice really. We currently pay into our individual stocks and shares ISA's each month and were wondering, in todays climbate, if it would be best to freeze these ISA's for now and use the monthly payments to overpay our mortgage for a while. Have looked into the…
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Halifax reduced rates :0)
Hi I have not posted here before but we are remortgaging and just had a look on Halifax who we have our currant mortgage with and to remortgage wih them its 5.99% on 95% ltv for 10 years and 6.14% on 95%ltv for 5years both with £999 fee, does this sound good? We want to go for a fixed rate so we know what we are paying…
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Re-mortgaging Query - Will I still get 100%?
Hi folks, and excuse me if this has been asked a hundred times already. I'm a first time buyer and three years ago bought my house from Barratt's (don't say a word, I know...) for 156k. 40k of this was offset by Barratts for a period of ten years, whilst the mortgage I got from Abbey was for 116k. I have been paying this…
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HELP-Sister trying to cash in on Dads home
My Dad (71)is a widower living in a bungalow worth about 150-160K. The mortgage is paid off but he is struggling for money. He wants to borrow £10000 and we looked into an equity release scheme. They wanted £2000 to set up an equity release scheme that would let him have £10000 upwards and charge 6% interest every year and…
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Moving house - would you have a 2nd mortgage?
If you move house and you are currently in a fixed rate mortgage would this mean you would need to take on a second mortgage for the additional amount? If so then would you have to pay a fee for each mortgage when each one comes up for renewal? Thanks.
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Am I Really Better off with Capital Repayment
Hi Im a guy in his early 30s, living alone, no kids, no dependents. Like most guys my age i dont intend to live in this house forever, its not a family home and obviously in time i'll either move on or buy a place with a partner. I am currently on a captal repayment mortgage. Having looking at my statements i've worked out…
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Remortgage locked in new rate, am I locked in?
The discount period on my current mortgage is up at the end of the year. A month ago I scoured the market and decided to stay with my current lender who was offering a rate of 5.69% fixed rate which looked good against what else was available. I have now signed up and 'locked in' this rate. If my lender offers a better…
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To All Nr Mortgage Clients Pre Sept 07
Why oh why are you not all collectively forming an action group & lobbying for: TREATING CUSTOMERS FAIRLY? Question 1: Is offering new clients deals, unavailable to existing clients TREATING CUSTOMERS FAIRLY? I would hope you all have many others unanswered questions such as repossessions etc. FROM FSA WEBSITE quote: We…
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Should Britain Join the Euro?
Given the current conditions and the likelyhood the the pound is going to start to fall and trading across europe is becoming increasingly difficult, should now be the time that Britain joins the euro? I was very much against it and was glad we did not when it was launched, which I think was a good move at the time, but at…
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Can I still get lower HSBC tracker rate?
I contacted HSBC in August about arranging an appointment when tracker rates on 90% LTV were approx +0.89. We have just arranged a tracker with HSBC but at the new higher rate of +1.24. Do we have any chance of getting the lower rate still since we "expressed an interest" when that lower rate was available? Thanks
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Offset mortgage - Simple question
I hope this is a simple question, apologies but I couldn't see a straightforward answer. I have a normal mortgage of 93k on a house worth about £150k I have £43k savings that is just sat in Premium Bonds and my savings acct (Actually I have the money for my folks so can't spend it as they'll want it in a few (5) years when…
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Remortgaging..painful or painless?
House value £130k ish Mortgage with Abbey £50.4k LTV 39% Reducing to £34k in 8 years 12 years in total SVR 7.09% (£298 pcm) (£38k interest) Best they can offer SVR-0.3% @ 6.79% no fees(£285) (£36.5k interest) BOE+2% @ 6.5% £1299 arrangement fees (£273pcm) (35k interest) BOE+2% @ 6.5% add 1299 to mortgage (£280pcm) (36k…
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1 year left on Mortgage after 3 year discount ends
What is the best option if you have 1 year left on a 4 year mortgage after a 3 year discount comes to an end. The amount owing will be around £8K. Should I look for another mortgage deal with another lender (arrangement fees !!!) or pay the SVR with the existing lender. I am also looking at the possibility of paying the…
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compensation for a mis-sold endowment policy
We were mis-sold an endowment policy from Legal and General for which we were to complain in writing in order to get compensation, now we had passed the date by which we were supposed to do this and are in receipt of a letter suggesting that we need a good reason or exceptional circumstance to justify not complaining in…
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alliance and leicster tracker
hi i am a exsiting a and l customer and i was thinking of taking out there 2 year base rate tracker 5.39% for 2 years , im not sure about overpayments would i be able to withdraw any overpayments i made , and would they charge me interest on this , the mortgage is only for 20 thousand pounds i was was thinking of using…
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Collar on HSBC tracker mortgage
Back in May I got an HSBC tracker mortgage at 0.48 above the base rate. It now seems like that might have been a very good decision. However, my friend has go me worrying about whether there might be a collar on this deal so that it won't go below a certain rate. I can't find anything on the website or in the terms and…
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offset vs standard rate
Help please! I am coming to the end of a fixed rate mortgage- I have £15500 left to pay and about £10000 in savings. I save about £250 a month and would like to have £6000 in savings and a fully paid off mortgage by Sept 2010. (DD off to uni then!) I had planned to use about 7500 of my savings to reduce my mortgage to 8k…
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First time buyers saved.
New lending criteria save FTB making expensive mistakes. see this thread, http://forums.moneysavingexpert.com/showthread.html?t=1228541 Untill buying is cheaper than renting FTB should not even consider buying. Nor should they have been for the last few years. Speaking to some people last night paying just under £1k…
