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Mortgage overpayment and penalties
Hello All, I'm new to this site and after some advice... I have a £220,270 fixed rate mortgage at 5.99% over 26 years (tied in for 3 years from 01/08/2008). I have extremely lucky and have recently inherited £100,000. I am allowed to make overpayment on my mortgage of 10% per year without penalty, so 01/12/2008 I am paying…
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help with PPI battle
hello I followed the advice on this page and sent off PPI "LETTER 1" in an attempt to get some compensation from Abbey National. When we took our morgage out way back in the eighties, Abbey insisted we had to take out an insurance scheme with Friends Provident. They basicially said we wouldnt get a morgage with out it. I…
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some advice on mortgage please
hi i,m a newbie on here and a newbie on financial matters and would be very glad if theres anyone who can help me with info. its a bit of a story but i,ll try to keep it short ,i was made redundant 5mths into a new job on the 17/10/2008 i informed my mortgage company ge money and was told i had payment protection for the…
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Coventry Building Society (Godiva)
Just got my letters through from Godiva they have dropped their rates by a measly 0.5% for my particular type of BTL mortgage to 5.29% - the worst thing is I have a large chunk of money from them around £620k. However it does not cost more than £500 to get out of the entire deal problem is where to go at the present moment…
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Help - Parents Lending Deposit
Hi Just wondered if anyone could me with this; We are looking at buying our second house, we have found the one perfect, right area back where we grew up - we were priced out of there when we brought our first house. There is no chain and the vendor is wanting to complete quickly so because we have no buyer for our house…
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Mortgage Question
Me and a friend are looking into getting a house to rent out. I'm a 19 year old student and he's 19 years old working earning 29k. We're hoping to get a house for around £200-250,000. He can put up about £12,500 and I'm looking to put up about £50,000. as a deposit so around £62,500 in deposit. Is the best option getting a…
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Debt consolidation mortgage
Hi there, does anyone know if it's possible to add your debt into a mortgage so that you just have one payment for all your debt? If so is it a good idea? and which company is the best?? many thanks
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BOS has has made credit checks harder for mortgages
I am buying a house at the moment through a government scheme. I have an appointment with the bank next week and we got a surprise phone call from the mortgage advisor. She said as of this week the way Bank of Scotland does credit checks as changed and it is now much harder to pass. She phoned late in the afternoon and…
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let to buy
Hello everybody , Have been trawling the internet for good '' LET TO BUY '' rates ,however without having to fillout endless pages of questions Ive had no luck .Has anyone came across a provider ?? Thanks :beer:
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What's the highest product fee you've found?
Just looked at Halifax's deals for existing customers and noticed that they have a 2 year fixed rate for those with LTVs of between 75 and 90%. Rate is 3.99% with a product fee of £4,499. For those with an LTV of less than 75% it is £3,999. I wonder if anyone will take them up on the offer - what kind of size of mortgage…
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mortgage change of employment status
My wife and I currently have a 150K Mortgage on a £370K property with Nationwide. My employment has changed to self employed status earning a similar wage as I was when I was employed whilst my wifes has remained the same. We are considering moving to a larger house but would need to increase our mortgage to we believe to…
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Buy to Let help please
My fixed deal is coming to an end and I need some help knowing where to look for a decent new one. The house is worth £280K, for the next few days possibly then maybe less:rolleyes: Current mortgage is two hundred. At moment am on interest only. Will be rented out for 6 months from dec 15th for £1050, Can any one…
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Let To Buy
HI Guys, Looking for some valuable advice ,finding it extremely difficult to locate ''let to buy deals '' from any lenders ??? I did say let to buy people .....please please can you help :beer:
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co-op endowment matures
I got my maturity value today on a 15yr £39 pr month , basic sum assured £5000 policy. £7330.Having put £7020 into it , is this the norm in todays market ?.
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A little advice if I may
Heres the situation a friend of mine has found himself in House value 80k Mortgage outstanding £68k Income 20k Maitenance to ex wife £200p/m No other debts Hes looking for a buy to let mortgage as hes now living elsewhere but wishes to keep his on house Based on the above maths and what out there at the moment will lenders…
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redundancy cover
I have a flat that I rent out but I say, for mortgage purposes, that I actually live there. Now I would like to take out redundancy cover on that mortgage BUT all the policies state I should be resident at the property that I have the Mortgage on...... Help ?
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avoiding mortgage exit fees
according to Martin: "A trick to keep the fee down If you do want to repay your mortgage in full, there is a further trick you can play. Rather than paying it off, why not pay it down to around £50, and keep it open. You'll pay a tiny amount of interest on this amount, but it'll be much smaller than any fee. Though do…
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Should I Keep My Endowments Going?
or rather, to be more general about it: Should one keep one's endowments going or cash them in? I don't have a mortgage at the moment, but have three endowment policies from the late-80s/early-90s. Now I know they have performed woefully, but I am where I am. Is it worth carrying on paying into them or is it best to cash…
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Britannia BS Variable Mortgage
Hi guys, I'm a first time buyer and I'm getting a bit lost in the mortgage market and could do with a little bit of help! I'm in the early stages of getting a mortgage. My brother-in-law is a mortgage advisor (fee free, whole of market) who is looking at mortgage deals for us, however I want to check out deals for myself,…
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Help need to remortage now!
Hi I have been reading the threads about the mortgage situation for a few weeks and I am unsure of what to do, any help would be appreciated! My fixed rate deal ended in the summer, I have about 40% LTV, and went on to Britannia SVR, as the rates were high I switch a large % to interest only the keep the monthly payments…
