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90% LTV Offset
Hi All, I have just been on the phone to Clydesdale who are offering an Offset Mortgage with an LTV of 90%, the rate is 5.14% SVR. Can anyone think of any other lenders that might offer the same as not sure if using a SVR is any good idea. Any info will be most welcome.
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Euro mortgage in Spain: pay off lump sum or what?
I have a very high mortgage with a bank in Spain, in Euros, which I had to take out to buy a property over there in 2006. Obviously that was at the height of the selling frenzy and property selling is currently almost impossible, without significant loss. The value of the property is now two thirds of what I paid for it…
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HELP WANTED URGENTLY PLEASE or when ever convenient
I have a fixed rate mortgage which is due to end in September 2009. I remortgaged in Sept 2007. I've been watching my payments closely and it seems I have only scratched the surface and no major difference has been made:( With the repayment deal coming to and end in Sept 09 is it wise to stay on a repayment mortgage or…
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Will SVR be dropped from mortgage taken out 2 years ago?
I took out a 2 year fixed rate mortgage with Nationwide at 5.58% which comes to an end in June 2009 and on the paper work it said after the 2 years we would then pay the SVR at 7%. As the SVR has dropped since then will that apply to me or will I have to pay at the agreed SVR (7%)?
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How to sort myself out with a mortgage
Hi all, Not sure were this belongs but here seems a good place to start:D Situation is split up with wife last year& I moved elsewhere for work. Now legally divorced and house is up for sale At the moment the mortgage is with the RBS. I currently rent a flat I've extended the lease until next May. I have been self employed…
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Nationwide Tracker - incorrect new payment?
I received the "notice of mortgage rate change" from the Nationwide today and was surprised the repayment had reduced by so little - given the new rate was 3.33% down from 4.83%. Checking the previous rates and payments and calculating (literally) on the back of the envelope, I'd say the payment is not based on the 3.33%…
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Is it best to overpay on tracker now interest rates are low??
Just a quickie! Me and hubby have just bought a house at 106k. We secured a tracker with Britannia which tracks at 0.85 above base rate. We are due to make first payment on mortgage in dec. Question is - given interest rates are low is it especially worth overpaying now (as opposed to when interests rates are a bit…
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Consent to Let - First Direct
I have a life residential mortgage with First Direct which I'm happy with and have had for a while. I may have the opportunity to take a 1 yr secondment abroad and so mayt wish to rent the flat out in the meantime. Calling their general helpline implied that should I wish to rent the property out I would have to redeem the…
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Nationwide mortgage problem
This seems a bit amazing. In September I asked Nationwide about a new tracker mortgage after my old one was running out. I was given an offer and was told it would be viable for 3 months. I wanted to stay on the SVR for a while as I wanted to pay off a large portion of the loan amount. Last week I paid off another lump sum…
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Jump or wait?
Briefly, fixed 5.29% deal comes to an end in Jan. Currently lender offering another 3 years fixed at 5.34% with no fees. Have made an application for the HSBC BoE+0.99% tracker which I have the option of taking for another week. This would save me about £66 a month over my current payments (or the new 3 year deal from…
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Should I abandon this fixed rate?
Our current fixed rate deal came to an end with Alliance and Leicester. We are in the process of remortgating to Nationwide to a two year fixed rate at 5.88%. We have paid 599 arrangement fee. We have been given a potential completion date towards the end of November. We have LTV of 67%. Then the base rate fell. There…
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mis-selling from broker?
I recently (late Sept) took out a new mortgage, thru’ a broker, with Birmingham Midshires. I have a fixed rate mortgage at just under 6% tied in for 2.75 years. Obviously as the mortgage was being finalised and since, mortgage rates have plummeted and are going to go considerably lower by all accounts. My predictable…
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Name and Shame Stingy Mortgage Providers
Not only has my mortgage provider, Leeds & Holbeck, not yet passed on the massive 1.5% Bank of England rate drop from the beginning of this month, it hasn't even passed on the 0.5% cut from October. This is what they told me when I enquired (again) this month: Grrrrr. Anyone else out there either still waiting to hear some…
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My bank says they havent got my mortgage agreement yet i have a mortgage
they have been sending me letters saying they havent received this and asking me to send another signed copy. Ive been living in my house for a year now. Does these mean im no longer tied into the mortgage and can move I definately signed and sent it a year ago and am confused as to how i got the mortgage without this…
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First Direct still not reduced mortgage rate!!
I have had a variable rate mortgage with First Direct for about 10 years now. Before the base rate was reduced by 1.5% a few weeks ago, my interest rate on my mortgage was 5.5%. It is STILL 5.5% as First Direct hasnt reduced the mortgage interest rate at all, but they immediately reduced the savings rate by the full 1.5%…
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Told I was out of time 5 years ago!!
About 5 years ago I spent several months and a lot of paperwork trying to claim for a mis-sold endowment. I went through all of the banks and government agencies and filled in all of the official claim forms. Eventually I recieved a reply saying that i was not allowed to claim, as I had taken my endowment out in January…
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What happens if I can't get any remortgage deals?
Hello all, I bought a place with my dad as a joint owner, we paid a £28,000 deposit and took a mortgage with Abbey for £250,000. My dad earned £50,000 a year where as I only earned £24,000. So we only got the mortgage purely on my dads earnings. The problem for me now is that with my dad no longer with us and my current…
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Abbey Flex Plus Tracker - Anyone Had A Letter Yet?
Hi, has anyone had a letter from Abbey, yet regarding the last 2 drops in interest rate? I have not even received one about the .5% reduction in October. This is strange because they are usually very prompt at advising about changes.
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can an interest only period be extended?
We are about to come to end of 2 year interest only period in March 2009 and am worried we wont be able to manage when payments revert to normal deal....my question is can we extend the period of interest only for another 2-4 years max, has anyone done this, are companies usually willing or does it involve having to…
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Just received letter from Northern Rock
Received a letter today telling me that they have introduced an intrest change. However my mortgage is made up of 6 loans, initial mortgage and 5 secured amounts my current rate for 5 them is 6.39 and they say the new rate will be 6.24 surely this isnt correct, one of them which rate is 7.34 is dropping too 5.84 anyone…
