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What do you think is the best mortgage I could get is?
It's very complicated (read below), but last year I bought two properties, just before the credit crunch, and for both they are coming off their fixed rate period within the next 12 months. The first was a property in Wales that I bought for £102,000 with a deposit of about £62,000. I was going to live there but after…
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Isa/pep Plans
We were advised when we took out our intersest only mortgage to take out an isa to save for repayment of the mortgage at a later date. The ISA is now in the red and showing a big shortfall. I believe we were miss-sold as we were told that the isa replaced the endowerment to bring these types of issues to an end. I can find…
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Potential good news about tracker collars ?
From Mortgage Introducer....... FSA says tracker loan "collars" may be unenforceable 3 December, 2008 Speaking at the CML conference yesterday, Jon Pain, the FSA's retail market manager gave warning that minimum interest rates on tracker mortgages could prove to be unenforceable if the terms were not set out in the lenders…
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Equity release?
Hi I am a not a newcomer to the site - I have been taking its good advice for years, and actually used some of Martin's templates to re-claim over £4000 in Bank charges from RBS before all the legal action put the process on ice. Absolutely superb. I am new to the forum however, so hello everyone, I hope you might have a…
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advice re: mortgage express(bradford & bingley)
hi, we are having loads of trouble regarding mortgage express. i wondered if anyone could advise.. we have had an ongoing dispute for 16 months regarding a payment made which was then refunded to us. They then placed a 1 month arrears figure on our account 6 months later saying that we didnt make the previously mentioned…
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Overpaying Mortage
Hi I am after a bit of advice, I have 3 products on my mortgage 110k tracker @ 3.85% -17 years (Repayment) 80k fixed @ 5.19% - 21 years (Repayment) 40k variable - Interest only Which product would be better to overpay? Im looking at about £200 per month. Thanks in advance
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Good mortgage deal!
Hello I'm trying to find a good mortgage deal. I have got 25% deposit and would like to know what is the best interest rate I could get? I went through moneysupermarket.com and found 3.99% fixed deals but they charge mortgage fee of £5000/- added to your mortgage. That's rubbish. The reasonable rate I found with a low fee…
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Barclays Mortgage
Hello When the Bank of England lowered the interest rates I phoned Barclays to ask if they would be passing the cut to my mortgage. I got and automated message telling me that they would. My girlfriend phone them yesterday to confirm this, this time she spoke to someone. They said that they will pass it on to us but havnt…
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Urgent advice needed
I really need advice right now, my ex husband left me and my 3 kids Jan 9th 2007, we are now divorced, he left me with the debts and the mortgage, which I have managed to keep paying by using up savings etc..... after 12 months on the market I have a buyer for the house, which gives just enough to pay off the joint…
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halifax mortgage holiday
does anyone know if halifax are allowing anyone to have these have looked on their site and i could do with about a 4month break, as all the electrics in the house are well dodgy and all the electricians are saying needs urgent rewiring as not safe, (most of the sockets in house have blown) is the above a good enough…
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Confused about cheque received
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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I cant get a 30K mortgage
rightyo.... I want to buy a property, It's £30,000. No one will lend me less than 40K on a mortgage and no one will lend more than 25K on a personal loan secured against said property because I'd need a mortgage. This is silly... why must a mortgage be a minimum of 40K? thats 10K more than I need. Also the property is in a…
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Can't believe this is happening
We are remortgaging from A+L to Abbey. We had a mess up in the handling of our case by a certain large conveyancing company, but were told that it had finally completed on Monday this week. Their tracking website confirms this. I phoned A+L on Monday night to confirm that the account was closed, but they asked me to try…
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Remortgage help needed!
Hi, I would really appreciate some help. My current Northern rock 3 yr fixed rate deal ends in January. My mortgage is 141K. The house was worth c.195K 12 months ago so I've estimated 188K now which just scrapes 75% LTV. Was thinking of going for a variable as they seem cheaper than fixed currently. I have found a deal…
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are rbs passing on the 1.5% boe decrease??
sorry if it's been asked before. i tried to ring the call centre tonight but they were closed. hoping you kind people can help!
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Any help greatly appreciated!!!!
I'm trying to get a buy to let mortgage and I am told that I need a minimum income of £25000. Although my income is at £25000 the majority of it is in tax credits. My question is is do tax credits class as income when applying for a mortgage?
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2yr fixed or variable rate??? Help!
There is so much invaluable information on this forum but tonight I do not seem to be able to see the wood for the trees. At the end of this month our 2 year fixed rate with Abbey (5.40%) changes to 5.44% variable. We have been offered a 2 year fixed rate with the Woolwich at 4.39% Or a 2 year tracker with C & G at 4.99%.…
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Do I Have to convert to BTL if parents live in my house?
Hello all, Further to my previous thread http://forums.moneysavingexpert.com/showthread.html?t=1287051 Do I have to convert to a BTL mortgage if my parents live in my house? This has to be a up front "mortgage company fully aware of it" thing - So 'Don't Tell Them' Is not an option. Any advice would be great. Thanks Schmoo
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First Direct Offset mortgage variable rate?
Hi I was considering applying for an offset mortgage with First Direct just before the 1.5% rate cut and have just come back to look at it again. I thought that I had seen on here that they had reduced their variable rate to below 5% (I think it was supposed to be a .81% reduction which would be 4.69%). But when I looked…
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Past SVR rates
I've just applied for a discount mortgage with the Co-Op. At the moment the SVR appears to be quite reasonable (5.24%). Is there a resource where I can see what the SVR has been over the last 5 years or so, so I can plot it against the BoE base rate? With it not tracking the base rate, I'm concerned that they can…
