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How to get a mortgage?
Am I even eligible? Sorry, I'm sure this question has probably been answered a million times, only with different variables, but I'm new to this whole thing :) I am on minimum wage and want to buy a flat for £39,950. I haven't put any savings away (until now I've been a carefree teenager). I haven't got a credit rating as…
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remortgaging home to fund a new buisness
Hi everyone, I've found myself with a bit of a dilema.My present employer is about to retire and I have the opportunity to put myself forward to take over his buisness.The buisness is in the licence trade, and the brewery are looking for a new tenant for the pub. I'm the manager of the pub and know this particular pub…
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want to re mortgage my flat, to buy another btl
i want to re mortgage my flat which is fully paid for and worth about £65000 , to buy another flat for use as a buy to let but i have no income only benefits at the moment, so i would like to know how to go about this, i am very new to all this so any help would be great, thankyou
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Offsetting against a buy to let mortgage!
Does anyone know of any companies that will offset savings against a Buy to let mortgage? I offset the whole of my personal mortgage (30k) and was thinking of adding 25k to it, to pay off a buy to let propety. I was then going to transer 25k savings to offset this amount, therefore making no more monthly payments and…
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Britannia - advice plz!
Ive just completed a mortgage application online through Britannia and it all went well, it said at the end that I had been approved (decision in principal) and had passed the credit checks etc. It didnt say what would happen next, just that they would be in touch. Im not sure what im supposed to do now. Can anyone tell me…
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Nationwide fix Ending Jan - BMR or Switch?
Long time reader, first time poster here! Our 2 year (4.79%) Nationwide fix ends on Jan 31st, so we've been looking into our options through a broker. Best deals offered are Abbey - 2 yr fix at 4.49% (£995 fee) OR C&G 5 yr fix at 4.99% (£495 fee). We were quite interested in the HSBC boe +0.99% tracker but didn't apply…
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Portman > Nationwide switch
Well, what a tangle this appears to be. We had a letter from Nationwide excitedly telling us that our ex-Portman mortgage was no more blah blah. Then I discovered two new direct debits had been set up for it - from January - but the old one hadn't been cancelled. After a long phone call today - being bounced from…
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halifax new deal
OMG. iv just looked on the halifax website to see if theyve changed their fixed rates and theres a new deal. 3.99% fixed for 2yr with 75% LTV. oh yes and theres an arrangment fee......... its £3,999 :eek: . i nearly choked on my bacardi and coke
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Just found out my mortgage has been sold
from GMAC to 'Webb Resolutions'. Without any warning. And Webb Resolutions seems like a one man band. The fixed rate runs out in a few months (and instead of going onto a SVR I've been told I'll be going on to a Libor plus 2.05% deal) - will this look bad if I go to a bigger lender and say that I'm currently with 'Webb…
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Has my mum been mis-sold equity release? Can she transfer?
My elderly parents took out Equity Release from the Norwich Union in 2000. At the time their house was valued at £400,000. The amount released was £73,000 at 8.4% APR compound interest. The property is now valued at £500,000 representing a drop in value in the last year of £200,000. Next year the loan will stand at…
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Mortgage and Top up loan
A couple of years ago I had an extention built. There wasn't enough equity in my house until the extention was built. The LTV for a mortgage is less for the self employed, so I took out a Top up loan with the same company GE money. After the recent interest rate drop, my mortgage has been reduced but the Top up loan rate…
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Scared!
Due to complete house move in 2 weeks but partner just got letter from his work saying they are in a 90 day consulation period!!! do we run now?
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Nationwide and Halifax seek legal advice over "collars".
There was a small story in todays' Mortgage Strategy that caught my eye today as it's an issue that could really blow up in these lenders faces, that of the "collar". Now, for those that think I'm talking of the wing or button down variety let me explain. All lenders have been selling tracker mortgages over recent years…
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Halifax
just told me they dropped their rates on Saturday! not sure what the rates are but thought you would like to know.
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Contract staff - problem getting a mortgage - Another good reason not to go into rese
I hope someone has some advice for me. I am a researcher at a university. Like many people who do this job, I'm on a fixed-term contract. I move from contract to contract - but because of the way research is funded, I don't have a perm' job. Also - for my career I move between universities (I go where the most relevant…
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Stick or twist?
Hi all. A little advice required if possible. Current fixed rate mortgage is about to end. My current provider (Coventry BS) have offered us 5 years fixed at 4.99% or 3 years fixed at 4.50% with no fees. I know its impossible to predict which way interest rates will go but is this a good deal? Or should I shop around. I've…
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Proposition from ex to remortgage
Hi all I am not really up on mortgages and the like and was hoping I could come here for some first stop advice.. I own a house with my ex. We were planning to sell it this year but got nowhere so took it off the market. It was originally valued at 190k in March but I should think it is quite a bit below that now. We…
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NR together remort deals??
Hi all, i am in a NR together mort with a mort amount of 118 and a fixed unsec loan of 25k. i am coming to the end of my fixed rate deal in feb and wondered what advice you kind people could give me? My house is worth 155k (3 months ago) and am now wondering am i best getting a seperate loan and then this keeps the LTV…
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Problems finding a new mortgage
Hi, I have been trying to renew my mortgage but am only being offered a 90% deal. I just wanted advice as we are currently trying to sell our flat and it has been valued at aprrox £260k by 5 estate agents. We have already had an offer of £245k yet the mortgage company (C&G) that we were going to use only value it at £230k.…
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Accord drop svr to 5.99.....however
They just told me on the phone that unless customers contact them, then the cut wont be passed on and you will remain on the same payment each month. (Overpaying your mortgage) Hardly treating customers fairly, they said that customers had to ring and ask for a payment re-calculation My payment dropped from £630 to £528
