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First time buyer needs mortgage advice!
Hello, I am a first time buyer and am about to do a deal on a property for £165 000. I have an £82 500 deposit and need to borrow another £82 500. I would prefer a fixed rate mortgage as I don't have much savings and might struggle if interest rates went up quite a bit. I would also prefer to have a tie-in period of 3…
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Remortgaging after fixed period - how long to jump ship?
Hello all, I wonder if you can help. I have a fixed rate with Abbey coming to an end on 3rd November for my Shared Ownership flat (40% owned). The rate that I was on was 5.49% Abbey have offered me a new deal of 5.94% fixed for 3 years with a £399 fee. That represents an increase in monthly payments of about £26, plus the…
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tracker mortgages
can anyone tell me wether tracker rates ie the percentage above base rate , (I am currently looking at Woolwich lifetime tracker which is +1.09) are likely to rise or fall as the Bank of England base rate falls ? Many thanks
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Tracker Mortgages
Just a quick question on trackers when looking for a deal is it best to look at the rates and fees or look at the APR Also if the APR is lower is this because some other deals have no tie ins thanks
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2 Mortgages - Is it Possible?!
Is it totally impossible to have 2 mortgages?? I already have a house with a mate but am now looking to buy a 2nd one with my girlfriend. My friend cant afford to buy me out and he’s in no position currently to move elsewhere, an whilst the market is struggling I don’t want to sell anyway as I could end up with nothing or…
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When will HSBC reflect the base rate cut in their tracker mortgages?
Hi, I have a base rate tracker mortgage of base + 0.48%. Does anyone know when HSBC will reduce my rate from 5.48% to 4.98%? Thanks Justin
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If you're thinking of a tracker be quick...
So much for the banks making mortgage lending cheaper... http://www.timesonline.co.uk/tol/money/property_and_mortgages/article4910094.ece
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Will HSBC SVR follow the BoE cut?
I am on a discounted rate with HSBC which is already very good value, but I do now wonder whether HSBC is passing on yesterday's rate cut for its SVR based customers. I tried to deep google, but could not get confirmation anywhere.
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Mortgage Express svr
I found this article regarding Mortgage Express mortgages, I've just had two MX mortgages come to an end and was wondering what to do as I expected their svr to go through the roof in a similar fashion to NR, looks as if that will not happen. Is there any way MX can try and sneak up their svr? I'm not getting too excited…
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Remortgage with CCJ - on CCCS debt plan
Hi all, need some advice reasonably urgently please! I am currently with Northern Rock, and as of January I will be shunted onto their 7.49% SVR...... which would jump my payments from £900 to £1200 In the last 3 years a lot has happened and I am now in the process of getting a CCJ from HSBC although I am currently on a…
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One Account rates cut
Phoned first thing this morning and was told they were "discussing possible reductions". Called again just now and got a recorded message saying that rates would reduce in line with BOE from 3rd November (:rotfl:they've obviously been inundated with calls).......Maddening that the old regime of cutting the day after a rate…
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Mortgage novice requires advice please
Hi, we are currently 3 years into a 5 year fixed rate with Abbey. I know its 2 years to the end of the deal but I would like to know what to expect, and have a few other queries. Some background – when we took out the mortgage we had a combined income of just over £50k, and took a mortgage of £203k (max amount available…
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Remortgage - What would you do? (Fix or SVR)
Hi my Mortgage is due at the end of this month and have already agreed a fixed rate for 5 years at 5.78% but with the .05% cut yesterday not sure what to do and should i just wait a little longer and see what happens next month. There is no fee with this and it's with Nationwide. Also the value and mortgage i need is only…
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remortgage dilemma...help!!
My fixed rate motgage expired with halifax last month and i and currently back on svr of 7%....after consulting with broker a few weeks ago a new 5 year fixed rate of 6.05% was recommended with a change to scottish widows (no fee). This news of rate drop today has left me so confused now, do i go ahead with the change…
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Endownment with Countrywide Assured
Hi, Can anyone help me please. I have an endownment with the above provider that has been running for just under 10 years on a 25 year term I last got a value a few months back and it was £7,400, the value today is only £6,600:eek: . Total paid in is £9,300. I am seriously thinking of cashing it in and putting against my…
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Mortgage Late Payment Fees
Hi, Does anyone know whether I can re-claim charges for late payment of mortgage fee letters. I have been charged £40 a month for the last couple of years from Halifax for them to tell me that I am behind on my payments.. Thanks
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First Remortgage
Hi all, I was hoping I could get some advice. I was a first time buyer and purchased my property in February 2007. I am coming to end of the 2 year fixed rate period at which point my mortgage repayments take a fairly hefty jump. The original plan was to try and get the LTV under the 90% mark which would, in theory, give…
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Maturing Endowment
We have an endowment policy that is going to mature in November with Phoenix. They have written to us to tell us what we might get on maturity. We have no idea what we are then supposed to do with this matured endowment. We still have a very large mortgage, but it isn't the same mortgage we had when we started the…
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Looking for new mortgage with no Early Redemption Penalty
Hi My current mortgage runs out December Looking for new mortgage with no Early Redemption Penalty as looking to sell next summer. 40% LTV maybe a tracker any ideas? Cheers Neil
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fixed rate given instead of tracker help!!
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…
