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HSBC Standard Variable Rate Frozen at 6.25%
If like me, you have spent the past week scouring t'internet looking for any scrap of evidence that HSBC will be passing on the 0.5% interest rate cut onto its customers you may be interested in this article I found on the Daily Mail website today... and particularly the quote below..... "Meanwhile HSBC, which is not part…
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Remortgage & moving abroad
Dear MSE's, I'm just about to sign up for a C&G 3 year fix remortgage on the advice of my broker - am I doing the right thing? I was recommended C&G as I'm hoping to move abroad for a year or two & was advised that they were generally quite sympathetic to buy-to-let switching - although I would need to get this confirmed…
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ReMortgage after fixed term ends
Hey there I bought my house back in March last year, we got our mortage from mortgage express (B&B) we had a £7k deposit. and the mortage was £81000 We are due to come off our fixed term in march coming, and i was woundering how do i re mortage to get a better deal? will the company im with offer me something on a fix…
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Mortgage over subscibed...
A month ago I applied for a mortgage and was accepted, I paid the product fee within the 5 working days state. However, this morning I received a letter saying that my application has not progressed sufficiently to secure it as it was "largely over subscibed"! How can they do this? And is there anything that I can do about…
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2 properties, one BTL one standard
I have a place down south with a buy to let mortgage on it (I had to move up to Harrogate & didn't fancy selling it at the moment). I'm looking at places up here to buy at some point while they're cheap and was wondering if anyone's got experience of having/trying to get the two kinds of mortgage together - will my…
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Buy to Let
Hi Everyone! I was just wondering are there any lenders still doing buy to let mortgages? If so what deposit am I likely to have to put down? Many Thanks
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Can someone explain in simple terms the effect my bank(s) failing could have?
I'm slowly getting my head around how all this economy stuff works :o Can someone explain what is likely to happen in each of the following cases - ie. what i need to be concerned about or what action i should be considering taking? 1. The bank i have my mortgage with fails 2. The bank i have my current account with fails…
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First time buyer with 88% LTV.....
Hi guys, are there any companies currently offering decent rates to people looking to borrow more than 85%? i cant seem to find any! :confused:
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Advice wanted re our interest only mortgage
Hi everyone. Could I desperately ask for some advice please? We have an interest only mortgate for £180,000. Unfortunately, the house weve bought is sooo bad and is a money pit. Everything that could be wrong, is wrong. We have approached our mortgage lender via our financial advisor and they are only willing to lend us…
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Northern Rock end of fixed rate
Our fixed rate ends and we go onto their variable rate beginning of december..have enquired online about mortgages elsewhere but as we only put 5% deposit down and northern rock arranged it on 4.8 times our joint income because my partners job is professional i think we will struggle for another company to take us…
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What Should We Do????
Here's my situation: -Took out a 40 year mortgage as a first time buyer in December 2006 with A+L, 2 year fixed rate 4.74% -The 2 year fixed rate will come to an end soon, since last week we will be on a SVR rate of 7.19% -Our mortgage repayments will go up from £632 a month to £862 a month if we move to the SVR rate. A…
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surrender endowment policy dilema
hi advice needed please thinking of surrendering royal endowment,now part of phoenix group figures are basic sum assured 4942.00 bonus todate 4292 premium month 21.87 surrender value 10149.00 maturity date dec 2011 also the surrender value is not guaranteed will this alter much when surrendered many thanks hi maturity…
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standard life stick or surrender?
With 3 years left on 2 endowments with standard life I have had figures for surrender one with a final bonus one with MVR.Both leave a total deficit of £20000!Had mis selling denied.Given that it costs £300 to service this endowment a month including mortgage fees should I surrender and pay off £30000 of mortgage which…
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Realistically what can we do?
I have asked for advice in the past about our remortgage, however, as things have obviously changed since then I want to know what ( little ) options we have left! Brief history is bought the house in April 2006, paid £123,500 for it and put down a 10% deposit but added the mortgage fee to the loan so the amount we…
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Friends Provident Endowment advice please!!!
Dear MSEs I'm after some advice for my mother and the increasingly paltry return on her Endowment (if I've missed any vital info please let me know and I'll get it): Policy Type = Mort endowment plan Prem per month = £30.76 Sum !!! £22,210 Latest Prog = 4% £12,000 5.5% £13,300 8% £15,700 Latest surr £7,163 Mat Date…
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Application Fee Non Refundable?
We explained to our mortgage broker that we were in probationary periods and were completely honest with our financial situation from the off. The broker found us a mortgage with the C&G, he made them fully aware of our situation and we were credit scored and offered an 'agreement in principle'. Prior to paying the…
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Remortgage valuation nightmare
In the process of remortgaging my flat in Brentford (West London, Middlesex, wherever you want to call it). Bought for 158K in Nov '06. Applied for HSBC's lifetime tracker rate (0.79 above base rate) deal, paid the £599 fee. They pay for valuation. All good. Based on prediction valuation website (Zoopla), I put in my…
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Nationwide reducing income multiples
Down from 4.25 times to 4.1 times now for sole borrowers. Not sure yet how it will affect joint incomes
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when my fixed rate comes to an end...
It's not till 2010 but I'd like to find out what my options are if anyone can give advice! We have a £92000 mortgage with Northern Rock, interest only, flat currently valued at £120000. I am a bit concerned because our income has dropped since taking out the original mortgage and we certainly wouldn't qualify for that…
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ReMortgage
I am presently have a remortgage offer from my present provider Abbey, for (145k Interest only, 5.84% fixed for 3years,and have to accept cahnge by 15.10.08.With Bank of England dropping their rate,and possible more to come !to kick start the housing sector etc, would a better option be for a Tracker mortgage??.
