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NHS Mortgage Services
Hi, I'm new to the forums on here but not the website. Just have a quick question... I'm a nurse working in the NHS, came across this - NHS Mortgage Services https://www.nhsmortgageservices.com/index.asp - when browsing through the NHS discounts website. Anybody used them? Or have any opinion on them? Would appreciate any…
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Fuming over Scarboro BS and want to remortgage - too old?
I am with the Scarborough BS but hopefully not for much longer.Not having heard from them since the B of E 1.5% cut, I asked them if they were cutting their mortgage rates. Yes - a whopping 0.3% was the reply. And only reviewing the recent 1% cut. Their SVR is 6.94%. This stinks. I want out but I'm 61. My wife is 52. What…
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interest rate reductions
I am with "Intelligent Finance" part of the Halifax and they are witholding the 1.5% recent reduction till January- most mortgage providers have allowed us to benefit in December and not made us wait until January ( I asked around in the office !!) I dont suppose I will see the latest 1% ever...? NAME AND SHAME INTELLIGENT…
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First Direct - difference between Variable Rate and Base Rate Tracker Offsets?
i have just rung First Direct to try to find out the difference between the Variable Rate offset and the Base Rate Tracker offset which they have just introduced. Obviously there is a difference in the actual rate at 3.49% currently for the BR and 3.69% from January on the VR. He explained that with the BR this is…
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Tracker mortgage rates might not drop. Fight back against restrictive 'collars'.
What this is all about? Tracker mortgages are supposed to follow the base rate as it drops. Yet some have 'collars', or 'minimum rates', meaning they won’t drop below a certain level. Yet there's hope for mortgage holders as the regulator, the FSA has mooted some mightn't be legal. Collars and minimum rates The end result…
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Stroud and Swindon Building society
I have two buy to let mortgages with the Stroud and Swindon building society. Since March 08 we have had a reduction in the bank of england base rate of 3.25%! So far the Stroud and Swindon has not past any of this reduction onto me. My Mortgages are on a discounted rate so i would have expected to see at least some of the…
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Northern Rock - Not passing on full cut
I see they only passed on 0.5% following the decision last week - Boo!
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halifax SVR?.......
hi guys, i have a fixed rate mortgage with the halifax. ( fixed it 1 year ago at 5.89% i think it was) now, i would like to know if it would be worth my while to come off this deal and go onto the SVR?........i assume there will be a leaving fee for coming off the deal, but will that out weigh the cash i will save? also,…
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How to find out value of house before re-mortgaging?
Hi all, what happens if I apply for a remortgage deal which has a max LTV (say 75%), pay for a valuation and discover it does not meet the LTV criteria? DO we forfeit the valuation and/or product fee? we bought our house less than 3 years ago but I have no idea how much it is worth now as there are no direct comparables…
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Halifax 3% collar confusion
Hi All I am somewhat confused as to what Halifax are passing on from the latest 1% BoE Base rate cut. Firstly they say they are passing it on, then it turns out they are only going to pass on .25% of it. then yesterday I read in the news how they are going to stand firm against Gordon Brown and not pass on anything. Then…
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Go part and part OR extend term mortgage
My lender has offered us a new mortgage fixed at 5.29 for 3 years. We are currently on SVR which has just dropped to 4.5. Our mortgage is 106,000 interest only and we have no repyment vehicle. They have offered me a part and part mortgage with repayment on 30k of mortgage with term of 22 years. Since we have no repayment…
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Standard Life Decision on Nov & Dec SVR mortgage rates (-0.8%). IS THAT IT?!!!
As we all know, the Bank of England reduced their rates by 1.5% in early November, and a further 1.0% in early December :T . I hold a Standard Variable Rate 'Freestyle' Mortgage with Standard Life and up until yesterday, I havent received ANY form of communication from them regarding even the slightest HINT of a reduction.…
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Need some advice on what to do.
We currently have a fixed mortgage with GE money at 6.99% monthly payment £709.84 current balance 96,659. and a seperate secured loan at 11.75% monthly payment about £130 balance remaining 13137.22. I have received a letter from my original broker as outr fixed ends on 9th Feb. I have spoken with ge money and they have…
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Whats the best way to over-pay?
I’ve currently got a tracker repayment mortgage with Abbey and I want to start making overpayments with a view to paying off my mortgage within the next 10 years. I am however, confused as to the most effective way to do this. I understand that I have two options as to how I can invest my overpayments, which are: * Reduce…
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Please Help - Morgage Offer Withdrawn
I really hope someone can help me. My partner and I had an formal written morgage offer from the Halifax and we are due to move into our new build house on Friday. Yesterday we recieved a phonecall from the Halifax, we were due to exchange contracts yesterday, saying that the morgage offer had been withdrawn and had we…
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Nationwide has stoped me moving Fixed to Base rate is this legal
I am with nationwide bs on a 2 yr fixed 6.09% mortgage. I rung them yesterday to find out what it would cost me in penalties to see if I was better moving to their base rate 4%. I was told that Nationwide arent allowing anyone change from a fixed to their base rate even if I pay the penalties. Is this legal can they change…
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Trackers - Floors should have ceilings?
Hi There has been lots of discussion about the rights and wrongs of tracker floors (or collars as they are sometimes known). I understand the need for banks to protect themselves and their savers. However, in the interests of fair play, should floors come with ceilings? A level where rates will not go above. If so, at what…
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How much can we get?
Hi My wife and I are looking to buy a our first house next year sometime, we are looking to have saved around 45 - 50k by then. I earn 21k and my wife earns around 14k. Once moved in we hopefully would like to start a family but also live a life where bills will never be a problem as a close friend of ours passed away from…
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thinking of downsizing
Thinking of purchasing a 100k property with first direct tracker capital repayment mortgage. Its a 1BR/1BA house. would let out my 3BR/1BA House whose mortgage is with HSBC as interest only., Now if I let my 3BR (180k) house - and inform HSBC , by how much are my interest only payments going to shoot up (I am on 3 yr fixed…
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Need A Fixed 10 Year Mortgage (Help)
A need a fixed 10 year mortgage for £35,000, can somebody point me to a bank that can offer me this,and what would be the average rate for this be, Nationwide offered me one at 6.29 last month but has since pulled there 10 year mortgages of the market. Thanks For Your Help
