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How do lenders value property for a re-mortgage application?
Apologies if this is a really obvious question, but I'd love someone to put my mind at ease! When our existing fixed-term mortgage comes to an end next year and we want to re-mortgage, how do potential new lenders assess the value of our property? Do they... a) go by what we paid for it (unlikely, I know!) b) calculate an…
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how much will i owe next year
At present my mortgage balance is £136,792.85 @ 30th sept i took a payment holiday. my payments a month are £908.61. how much will i owe next september when my fixed deal ends. thanks in avance
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best EXPAT mortgage
Hi there: I'm currently working in Asia and need to remortgage my house in the UK. I'm still in the UK tax year and my wife (joint owner) still works in the UK. Any ideas on the best place to look and what kinda mortgage would be most beneficial for a loan of 195K? :rolleyes: ADDING the following post response from…
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Bad Credit Mortgages
I need to find a mortgage but I am currently on a debt management plan. I was wondering if anyone knew how much deposit I'll need and what kind of rates I'm looking at paying. I've spoken to Barclays and they won't even entertain me and I've been told by G Money that I'll need 20% deposit. You might ask, why don't I pay my…
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I need help with unfair charge
Hi, I am wondering if its possible to reclaim an unfair building society charge (Alliance & Leicester) The building society called it a "mortgage product switch fee" when remortgaging with the same lender which was added to the mortgage. I would point out it was not a mortgage exit fee. Is this possible does anyone know?…
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Deposit and Credit Card Stoozing!
hello, I have saved up 25% deposit for house purchase but 8.5% of that is from credit card stoozing (0% deals until mid 2009). Am I better off paying the credit card debt and use 16.5% as house deposit or keep that credit card balance and pay 25% deposit towards a house? Which one is better? Does having a balance on credit…
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Remotgage help !!
this post is not needed any more
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How are LTV ratios worked out?
Please excuse my ignorance but I am trying to figure out my LTV ratio as I need to remortgage soon if possible (with NR at present)....... Does any one know how valuers work out the value of your property - is it simply based on what other properties on your street / road have sold for? If so how do they account for change…
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negative equity
Can anyone help me, I bought my house in Dec 2007 with a 100% mortgage on a 2 year fixed deal, but I am now really worried that next December when I come to look for a new deal that my house will be in negative equity so I will not be able to get a new deal with anyone unless I put an amount of money into the house that I…
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Voluntary repossession - pregnant and confussed!!!
Dear all, I dont really know where too start....i am new here but I am desperate for some advice! I live in Northern Ireland and bought a house 2 years ago through the Co-ownership scheme on a 50 / 50 basis, I bought the house for £110,000. I am 31 weeks pregnant and I am due to go on maternitty leave at the end of…
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Most lenient lenders
Hi, I have fallen in love with a super cheap house and was wondering if anyone knew the easiest lender to get a mortgage from. I have a poor credit rating due to a dispute with a credit card company that has been going on for some time. There is a notice of correction on my Experien report but think this is all I can do. I…
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Cost of mortgage as a % of monthly take home
Hi all We're looking at moving house to a bigger place, which would result in the interest only cost being up to 60% of our take home pay. Is this seen as too high? Is there a rule of thumb? Thanks
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Mortgage Quandry
I'm ringing my mortgage company soon (today) but wanted to see if anyone has any advice on here before I do anything. This is the situation; We have 2 parts to our mortgage (due to moving), one ends in January and the other next August. What should I do regarding the one that ends in Jan? The mortgage companies letter says…
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Deposits up to 15%!
We've just been told by our mortgage broker that we need a 15% deposit for most mortgages now - last week it was 10%! Does anyone now if a decent 10% fixed rate is still out there? First time buyer!
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Help please - reposession threat
Hi, This is my first post here and am after some help, but guess it might be a long shot! I took out a mortgage on a new house before selling my old house and have not managed to sell the old house. I've now spent all my savings on paying both mortgages and now have massive debts on top of this as I can't afford to pay…
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Standing Order to pay Halifax Mortgage
I just spoke to an arrogant idiot in the Halifax Mortgage Centre about my mortgage payment. To explain the background I've got a mortgage with them and up until recently had a Bank account with them as well, I've recently moved my standing order to apy my mortgage to another bank that doesn't have faster payments so I'm…
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offset mortgage
Hi everybody, I read up on a couple of threads on the forum and like to get some advise. I would like to know if offset mortgage is for me. Here are the figures: Mortgage - offset fixed at 5.8% for 2 years ISA savings - 12,000 (at 6.7%) Total mortgage - 130,000 I am also paying high tax band I will be making overpayment…
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Woolwich mortgage - change from DD to SO?
Hello all :) I currently have a Woolwich mortgage that I pay by direct debit each month. Unfortunately, it's not possible to change the date that the DD leaves my account, and I would like to pay it a little earlier in each month. I would also like the option of overpaying by a few quid a month if possible. I believe…
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Remortgage query with negative equity - expert advice please!
Hello please would someone be able to advice me: Our mortgage deal comes to an end in Novemeber next year (2009). We are currently on a 2 year fixed rate deal with the Alliance and Leicester at 5.89% We bought the house in November 2007 for £140,000 with a 10% deposit so started off with a mortgage of £126,000 We are in a…
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HSBC Tracker and floor - clarification
Just had this reply to my query via internet banking (I have the BOE+0.89 Plus tracker) "Dear Mr **, Thank you for your email The difference between the Tracker rate and the Base rate would be maintained. There are no limits beyond which this will not apply. Kind Regards ** Mortgage Operations"
