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Re-mortgage / new loan
Just looking for some advice of a general nature... we are currently on a 5 year fixed rate mortgage at 5.3ish %, with no penelties on early repayments. The reason that we took this was the uncertainty of the market at the time. Obviously though the market ahs gone against us. My question is, would you suggest if we could…
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Interest Rate cut by 1%
Interest rate cut by 1% it currently stands at 2%
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Halifax back down over tracker collar
http://news.bbc.co.uk/1/hi/business/7764543.stm So will Nationwide impose their more disclosed collar ?
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Help Urgently Needed Please!
Hi folks, hopefully someone out there can help, my situation is a s follows...... I am a healthy 33 year old, fully employed male, working on a large country estate that comes with a house, no bills and a 20k salary. My problem is that instead of my parents selling a flat which they own outright, and then giving me a lump…
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Northern Rock Together Mortgage Query
I wonder if anyone can help me. It’s a bit complicated, but here goes. A couple of years ago I took out a Northern Rock Together Mortgage through a mortgage broker. The offer as far as I could see was the opportunity to borrow 120% of the value of the property. The property was worth £45,000 (it needed extensive work!), so…
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fixed deal coming to an end with Halifax
hI there After a bit of a push in the right direction... Our fixed rate deal is coming to an end at the end of this month with halifax, I have had a look on their website and they are offering a 2 year fixed 3.99 (£3999 fixing fee):eek: :eek: :eek: robbing toe rags!!!!!!!!!1 Do you think we are best to just go onto the SVR…
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Longest Fixed Rate Term
Hi I am looking to buy a house in the next few months....yes I know some may ask why but I am looking for a home for our newbie family (coming soon) and not looking for investment etc. So with interest so low and going lower soon....whats the longest fixed mortgage rate I can get? Could I get a 25 year fixed rate possibly…
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If we separate what is the option for our mortgage?
Hi It looks like me and my husband will be separating in the near future, we've discussed the house and I'm quite happy for him to take it over. Problem is he's not sure he can raise enough on his income to buy me out, he's suggested remortgaging in joint names then me getting my share then taking me off the mortgage. I'm…
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Mortgage confusion
I had to remortgage a few years ago to consolidate and clear my debts. As a result of my credit rating at the time, I was offered a LIBOR mortgage. Four years later, and after months of not seeing any benefits from interest cuts passed on, I'm wondering if attempting to switch to a 'normal' mortgage product will be…
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Remortgage Issue
Can anyone help me with some advice on the below. I own a semi detached property with a friend. We bought it about 2 years ago and up until recently we both lived there. I have since moved out but continue to pay my share of the mortgage until the property prices pick up. Whether that be 6 months or 6 years that’s not the…
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04 Dec - BOE Rate
How much should BOE cut rates? I think another 1.5%. If they cut it to 1.5% my mortgage will drop down to £130 (intrest only tracker lifetime) :)
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Changing from Fixed to SVR?
Hi, with the recent interest rate cuts in mind I am wonder how difficult it is to change from Fixed rate to SVR? Anyone tried this? I fixed my mortgage in July this year and now can see that I am paying nearly 300 - 400 £ more every month then if would be with a SVR. I assume that the majority of the borrowers do have a…
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Split Mortgage - Do I have any options?
When we bought our current house we transfered the smaller mortgage from my old house to the new house which is a tracker tracking below the base rate (call it Mortgage A) and got a second deal for the remaining amount from the same lender (halifax) which tracks above the base rate (Mortgage B) although it's still cheaper…
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Cap or Collar? How many people actually have this on their KFI quote?
I can see a new legal battle occurring! I understand that the FSA are looking into this but more and more people are finding small print clauses stating that the agreement on trackers are subject to certain conditions. Some don't even have this. No specific wording on the KFI stating that a collar is in place or cap? :mad:…
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Barclays Standard Variable Rate
I am very confused. I've just read that Barclays SVR is 6.64% and that they haven't reduced it following the bank of englands reduction in interest rates! My mortgage agreements states that when my fixed rate ends in May 2009 that it will move to Barclays Base Rate + 0.95%, According to Barclays website their base rate is…
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HELP! Variable Tracker Rate Mortgage - Interest only
Hoping someone can help. I have a variable tracker rate mortgage now (after my discount has come to an end) of 2.15 above the LIBOR. My account gets reviewed quarterly. Since Sept 08 my total interest rate reduced to 7.90 (£1,478.68 per month interest only). I called my lender today who tell me the LIBOR applied on the 1st…
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Please read if you're a Financial Advisor
Dear friends, Thanks for looking. I have an endowment policy taken out in 1989 for 25 years for which there is now a projected shortfall of 10,000 in 2014. I followed the mse guide and as far as I know I have exhausted all avenues and gone through the FSA and now have received a cheque for 104 pounds from the FSCS. The…
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Not sure this is the right section!
I took out what I thought was a 10 year savings plan in 1997, turns out the title is an "endowment assurance'. Paid 12, 000 in total and now am being told the settlement figure is 8,149 plus a little bit of interest because we moved house and Co-op updated some detaisl and not others 8 years ago! I know the markets are bad…
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payment holiday
my sister is on an interest only mortgage with the halifax, she has asked them if she can take a six month payment holiday but they refused saying this is not possible on an int only mortgage, they were extremley unhelpful, even suggested that she would be accepted for a credit card with them! I thought the halifax were…
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Split with husband - Interest free and save or repayment?
Dear all I would really appreciate some help, I was in two minds as to post in this forum or family but I`ll try and keep specific to my mortgage issues! Basically I have 3 children, just split with my husband during summer and unfortunately things have got messy. He is giving me the minimum and I have spent thousands…
