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Mortgage advice please?!
Any advice would be great thanks! We currently owe 101k on our mortgage with northern rock and our house is currently valued at 120k. We are looking to move to a bigger house in the summer when the market picks up. Our current payments are £577.00 a month with northern rock fixed at 5.79%. This end on 1st March 09. I now…
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Standard Life Endowment advice please!
Hi any advice would be appreciated re my SLE, should I keep or go to APMM ? No mortgage so payout would go into cash ISA/ savings account Guaranteed sum assured £58,900.00 Declared bonuses £8,081.16 Surrender value £20,106.28 (£18,582.51 basic value +£1,523.77 final bonus) Monthly premium £76.39 Maturity date 08 Jan 2017…
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FP Endowment vs personal loans
I have had a FP endowment since 1987 which was originally tied to our mortgage. However, because of the shortfall warnings, I switched the mortgage to repayment and retained the endowment as a method of saving. In light of the poor performance over the past 4 or so years and the likelihood of a tiny (or no) final bonus, I…
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Remortgage with Redstone
Hi Everyone, This is my first post on this site and would be grateful for any advice. I have never had a mortgage before and in June 2007 unfortunately my dad died and his house was left to myself and my brother. I was living in a rented housing association flat and decided that I wanted to buy my brother out. I went to a…
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can I get a mortgage?
I am seperated from my husband, but we are owners of a mortgage free house. Last year we split the tenancy of the house, so we now own half of the house each. Would it be possible for me to get a mortgage on my half of the house only.
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How to get partners name off mortgage and deeds
Hi guys, I have been reading the site but never registered... Over one year ago I split up with my partner after a fetful decision to take out a joint mortgage. When we split, I gave him 5k to cover the amount he had already contributed to the mortgage (this actually over covered it, but i wasnt going to argue over the…
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Spanish Mortgage
I purchased a spanish property two years ago with a spanish mortgage when the exchange rate was really good and money was plentiful over here. I've run into difficulties due to working hours being cut and of course the exchange rate so dire. I have explained my circumstances to the spanish bank who have offered interest…
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Mortgage advice please!!
OK, I'm getting confused! Still haven't got to grips with how this works... In December this year we will have paid off the mortgage on our flat. We want to buy a bigger house to live in nearby, but keep the flat and let it. Our flat is probably worth about £150k, and we're looking at buying a house for about £250k. Does…
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Making additional payments
Hi all, I’m a first time buyer and have saved up a large deposit. I'm looking to buy a property over the next year. I have a bit of disposable income each month. I was wondering what the best approach to paying off a mortgage. Should I take a 25 year mortgage and pay extra money each month thus paying off the capital…
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Overpayments Penalty to Woolwich Barclays Mortgage
I'd be grateful for some advice from other Woolwich Barclays repayment mortgage holders. I overpayed my Woolwich mortgage by the maximum 10% allowed in a year without financial penalty. I did it with a lump sum not long after completion due to having a bit more cash than I thought I'd have. However, in the meantime…
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Standard Life endowment early maturity should we quit?
We have a 22 Standard Life with profits endowment due to mature this July. I've just found out that the early maturity option on the policy means we can leave without an exit penalty. Didn't even know until now what early maturity meant. St Life cut their terminal bonus twice last year & we've lost a thousand pounds or so…
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Mortgage exit fee, refunded!
After reading about the mortgage exit release fee on this site, I decided to put pen to paper, I drafted up the sample letter as demonstrated my Martin:money: on Monday this week, posted 1st class Tuesday, and bingo.. a cheque for £70.00 arrived on the door mat this morning (Saturday). :rotfl: so, for the cost of a 1st…
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Admin Charge
I have an offset mortgage with the woolwich which includes a mortgage reserve overdraft. So after 5 years on this plan I have just decided to borrow £10,000 for home improvements No problem I can have as much as I require due to the equity in my property. However the annoying thing is I have been told I need to pay £150…
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Brothers Dilema
Hi There My brother has been married for around 2 years but he recently found out his wife has been seeing someone else (who is also married). She wants to leave him and live with this other guy who has also left his partner. My brother sold his house around 4 years ago and moved in with his wife who actually owns the…
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Sticking with Current or Swop Mortgage
Hi. I am in the very early stages of moving home and doing a part ex. I need extra funds to buy this house and wanted to just run a couple of things past people. Our current outstanding mortgage is - £25,000 on a Britannia Build Society base rate tracker - 0.5% above base rate for the life currently paying 2% on the…
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Interest rates in ten years?
Hi all, What is your opinion on what will happen to interest rates in the next 1. 2 years 2. 5 years 3. 10 years Just trying to work out whether to get a ten year fixed rate mortgage or not. I think we could be in trouble in 5 years time. Mose.
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Deposit Cheaper Interest Rate?
Hi, My wife and I have managed to save around 30k over the past 5 years and would like to by our first house. My parents are also giving us 5k to pay all solicitors and bank fees. Will we be offered a cheaper interest rate due to us having this size of a deposit? We earn £2150 a month and have worked out that to live it…
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original wage slips
i'm in the process of re-mortgaging my house with brittania,and they have asked for my last three months original wage slips,i just bin them every month,i know i should keep them,but i don't,i can request copies of them from my work,do you think they will accept them?,they all ready have my details of where i work,could…
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Credit rating outside UK
My Family & I have moved to Canada 7 months ago and are in the process of trying to buy a house. My husband is the only one that can apply for a mortgage as he's the only one working in the family.So as we are new to the country and my husband is only on a temporary work permit we are advised by our mortgage broker to get…
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Reduce mortgage on rental property or own home?
Hi wonder if anyone can help please? We have two properties, one which is let out and has just converted to the bank's standard variable rate and are paying the interest only and a second property in which we live on a repayment mortgage - tracker until some time in May 09. I have approx. £10k in an ISA and think it might…
