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Fixed Rate: My time's running out
Okay - who's got the brains for a tricky, real-life moneysaving challenge? In brief, in 7 months time our 'two year fixed rate' runs out. We borrowed £120,000 on a 100% mortgage (remember those?!), at 5.95% from C&G. We will have prob. paid off about £5k by June, when it ends. By my calculations that's 95.83% left to pay…
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Fixed Rate: Time's running out
Okay - who's got the brains for a real-life moneysaving challenge? In brief, in 7 months time our 'two year fixed rate' runs out. We borrowed £120,000, a 100% mortgage (remember those), at 5.95% from C&G. We will have prob. paid off about £5k by June, when it ends. By my calculations that's 95.83% left to pay on the loan?…
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transferring mortgage when moving?
We have had a mortgage since last year. We are looking to move home but not to anywhere bigger or more expensive. Either the same value home or cheaper. The problem is we had a baby in nov last year and have had only one income since. We pay our mortgage payments with no problem but if we were to move what is the deal with…
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Northern Rock cut a scandalous 0.15% from Nov 1st
The very government owned bank that made an emergency cut in interest rates of 0.5% has said it will cut its' SVR by 0.15% ! That's really kicking the most hard up sector in the whole mortgage market. The rate will "fall" to 7.34%. An absolute discrace. Regards
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Nationwide - Putting up rates tomorrow (tracker)
Just got off the phone with Nationwide as i have agreed a 5year fixed at 5.78% but was ringing about the tracker rates which is 0.64% and was this at the BOE rate or Nationwide BMR but confirmed it was BOE so the new trackers would be 5.14% But he said the rates are going from 0.64 to 0.94 from tomorrow. I said there was…
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Is there a market for my "not with profits" Endowments?
I've been investigating whether I can sell my 2 endowments, and after a couple of calls is seems that there is no market for plans that are not "with profits". Is that right, or do I just need to find a company that is interested in these types of plan? Thanks, Jon
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Offset question. Multiple current accounts offset against same mortgage?
Hi all, Been pondering an offset account, but the missus and I keep our day to day finances separate, with joint savings. Do offset mortgages allow you to have more than one "current account" offset against the same mortgage? I know in reality all the money is in the same pot but it would simplify matters a great deal if…
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Reducing Offset Mortgage payments
Hi, Having recently finished a full-time contract and currently being unsuccessful in finding another job (thanks credit crunch!) I'm trying to work out how to survive on JSA in the interim. I have an offset mortgage that I can't take a holiday from that is almost the same as my JSA for the month (and what about the other…
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NR Together mortgage - overpay on mortgage or loan?
Hi, after some advice on our mortgage. We took out a Northern Rock Together mortgage last year - £132000 mortgage and £8000 loan. At the moment we are able to save a little extra each month with the intention of overpaying by £300-400 every couple of months but my question is which is better to over pay on - the loan or…
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Best Morgage? 90% LTV
Hi Currently I am mortgage free having just sold my house. We are at 'In laws' until we can move into our new house- waiting for owners new build retirement flats to be finished so we can go. We are currently with NR fixed until Dec 08, i had to pay an early redemption charge which will be refunded once we complete on the…
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Petitioning the Government to help people as well as banks
Hi everybody. Instead of posting competitions today I thought I'd post something I found on digg that I think is particularly interesting: Mortgage Petition Link: http://www.mortgages.co.uk/petitions/bail-out-people-not-only-banks.asp The basic idea is that instead of just helping the banks, where the fat cats are at, the…
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Nationwide to up rates from TOMORROW (tuesday)
Nationwide product changes with effect from 14 October 2008 Increase in rates on 2 year tracker products
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BMI deal about to end, but what happens next?
I have a mortgage with Birmingham midshire with a 2 year deal which has just ended. I cannot find my paperwork for this at home, sure its there just disorganised. i was on a 0.99% above base rate, what does it change to now? have tried looking on the BMI website but cannot find any info that seems to help me. i know my…
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Hopefully first time buyer looking at shared ownership
Hi there, Myself and my partner are looking to become first time buyers. I currently earn £19k pa plus bonuses, my partner, £13.5k pa. Both in full time jobs. We have found a house that we are very interested in under a shared ownership scheme. According to the housing association the house is under, there is a very good…
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Nationwide set our mortgage up WRONG!!!
Hi guys, I hope you can help. We've recently moved and had to borrow more money to get a bigger house. We had a mortgage that was a 10 year fixed @ 5.18% which was down to £64,000 as we had made £21,000 overpayments. We asked nationwide to get our overpayments back so we could use this money to do the new property up. So…
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Just received endowment surrender value
I have just received this information after asking for a surrender value for my Phoenix (was Swiss Life) policy which I made paid up in 2000. This is now just a saving policy. Any comments on should I surrender and save in a high interest savings account. The surrender value does look half decent with 5 years to go…
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mortgage indemnity fee PLEASE ADVISE!
I am tied into a 3 year variable mortgage until jan 2011. If i sell before this date i owe the mortgage lender approx £8000! I am a bit lost. Must i change over to a new mortgage product on the exact day my current mortgage product is due to run out to avoid paying this £8000? Are there any mortgage deals that don't have…
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Borrowing extra on my mortgage?
Hi there everyone! Just a quick bit of advice required please. I am looking to purchase a new car and was having a conversation with a friend who mentioned asking my mortgage lenders for an extra 10k on top of my 150k mortgage as I'm gonna be remortgaging soon and I don't have the funds available to purchase a car just…
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Thinking of moving my mortgage to RBS one account, any advice?
Hi I am thinking of moving my mortgage to the RBS one account, primarily to try and pay my mortage off sooner by having our salaries, small savings paid into this account. I like the facility of seeing how much I can reduce my mortgage term by and this will hopefully give me the incentive to try and pay off as much as I…
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First Direct Offset query
I have a question. I currently have a 5 year fixed rate mortgage with FD (5.29%), at the same time I asked for some extra borrowing which I have not used yet, but it's in an extra borrowing account and I can draw on it whenever I want. This is also at the same 5.29% rate. So I have my mortgage (£75k) and the extra…
