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Guarantor mortgage??
** Posted this under "House Buying" area & then saw this section too....** Hi everyone, Just looking for some advice or pointers....... My friend and I bought a two bedroom flat 4 years ago for £157k. I provided the deposit of £18k and we used our combined salaries to raise the necessary mortgage. The repayments,…
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Can I Surrender Endowment To Part Pay Off Mortgage While Receiving Benefits?
Hi All. Like most people's endowments mine has performed badly. It's a 25 year policy with 5 years left to run and I expect the shortfall to be around £18,000. It would be better to surrender the policy now and use the money to pay off more than half of my mortgage. But if I do this will I violate any DWP rules (£6,000…
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Can they withdraw the offer?
I hope you all can help clarify my below situation. We have a mortgage with Nationwide and the current deal ends in December and after some research and also talking to an independent financial adviser it was felt that the Nationwide deal for remortgaging were the best for us. I arranged a meeting with a Nationwide…
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Banks offering bridging loans
Hi everyone, I'm after a little advice with regards to bridging loans. I'm a little concerned with the banking industry at the moment so which would be a 'safe' institution to apply for a bridging loan from? How do they calculate the amount they are willing to lend you? Do you also need a personal bank account with the…
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Beware C&G
To any brokers and posters looking at C&G just beware of their service levels at present Also take heed, that they are declining previously agreed cases on downvaluations. To explain - a re-mortgage agreed on 65%LTV. Downvaluation now means client needs 80% product. So I was advised by C&G to submit the new product on…
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Advice on Equity release further advance
I have an Equity release ( Lifetime) mortgage with Mortgage Express and have been happy with the the mortgage. I did not realise they are part of Bradford & Bingley. I had enquired about a further advance before they were nationalised. I have now been told that no further avances will be given now or for the forseable…
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Mortage Advise
Hi Me and My girlfriend purchased our house last year in july, 07. The house cost 90,500. Due to old debts ie loans, credit cards, etc and also extra money to improve the house we borrowed more than this amount, in total it was £103,000. I have been paying the mortage since at £618, the mortage is over 35 years and so all…
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whole of the market mortgage broker help
hi i was wondering if anyone could help me find a good whole of the market mortgage broker. I am looking for someone to give me advice on getting a subprime mortgage.
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HSBC to FD
hi guys, need to know if it's possible to re mortgage with FD if you have already have it with HSBC. not sure, but i want to go from HSBC's life time tracker @5.79% to FD's Offset Base tracker @5.79% so that I could Offset my savings against the mortgage which is not possible while I'm with HSBC.
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Held to ransom by Northern Rock !!!!
My mortgage deal ran out in July 2008. I am in a bit of a pickle with debts, and started a 5 year IVA in august. I changed my mortage to an interest only to bring down the payments so that i could afford an IVA instead of going down the bankrupt route. I was told that the interest only payments would be reviewed by NR in…
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HSBC lifetime tracker - thanks for pointing it out!
For those of you that are probably sick of seeing my username come up on this forum for the last 5 or so weeks (you know who u r) i apologise, but i'd just like to say a big thanks to those of you that pointed out the HSBC lifetime tracker deal out to me. Without this forum, and the clued up folk, i wouldn't have known…
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Alliance & Leicester - Any good deals
Our 5 year fixed rate mortgagewith Alliance & leicester is up in May of next year. Our LTV is under 50 % at the moment. I have had a look at their web page but there is nothing under 6% - Has anyone got a better deal by phoning them? I would prefer to go to another longish fixed rate deal so we know where we are. Any help…
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Help Please-Offset mortgage
Hi, I could do with some advise if poss. We (my wife and I) have an offset mortage. We currently owe about 121k on the mortgage. We are currently offsetting about 105k so the interest we are paying is quite small. We still pay off 1k per month. I am right on the verge of paying higher rate corporation tax( I think this is…
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Advice Needed!!!!.............
Hi, I have never had the need to post a discussion until now and have only viewed from afar. You lot seem like a bunch who have there heads screwed on and I would like to pick your brains if I may(?) We currently have a fixed rate mortgage with Northern Rock which is due to expire in 11 months. It is an interest only…
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HSBCn 'decision in principal' U turn. Has this happened to anyone else?
Hello All, Just had our re mortgage application for HSBC's fee free tracker tied into their Plus account declined. The reasons given were 1) that our earnings weren't enough for the sum we want, and 2) we have a credit card debt that they were unhappy about. What I cant grasp is that the two reasons for the decline are…
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Buy-to-let from abroad - Looking for help
Hi everyone, I have a property in the UK with a normal Nationwide mortgage on it. I rent it to tenants, with permission from NW. I would like to re-mortgage the property to release some equity in order to have a deposit to buy a house where I currently work (Dubai). I already approached 2 brokers who assured me it could be…
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mortgage safety
My Dad has a mortgage with a company called GMAC which is apparently an American company. I don't know much about them. I am worried, having looked on the net, that his home may be at risk because this company is not British and if it goes under it won't be nationalised. Does anyone have any knowledge of this company and…
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Endowment advice please
Hi I have 3 endowment policies with cis. They are all due to mature in 2010 1. 25 years £18 a month. sum assured £5000 2. 21 years £15 a month sum assured £3000 3 15 years £11 a month sum assured £3000 Cis wont tell me how much they are paying out in bonuses at the end. And i.m only getting 0.4 % interest on the policies a…
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First Direct 5 year fixed withdrawn
For anybody contemplating the First Direct 5 year fix at 5.95%, afraid to say it's been pulled today. They don't appear to have changed any of their other rates. http://www.firstdirect.com/mortgages/rates.shtml
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Legal Mortgage Advise
Hello everyone, This is going to be hard to explain but here goes. I have a long distance relationship with my girlfriend who has her own house. We have an arrangement whereby I pay the council tax whilst she pays the mortgage. This ensures peace of mind for her incase anything were to go wrong between us i.e. I can't…
