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Nationwide Mortgage
Hi there :hello: We are currently on a Nationwide SVR repayment mortgage and today received a letter informing us they have cut the interest rate to 3.5% as from 1st February 2009 :T This is where I need some help. We would like to overpay by a small amount each month to reduce the term rather than the interest. The FAQ's…
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Pay off the Mortgage or Not
This would normaly be a no brainer, pay off the mortgage if the interest rate is lower on the capital that would be used to pay it off than the mortgage interest rate. Here is the extra parameter which is clouding my decision. The mortgage is £16K, 50 mths to run with an interest rate of 3.5% variable - £335 pm. Now this…
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Mortgage to remove credit card debt? I'm panicking.
Hi. I'll fill you in on the story... Good news: Myself and my sister own a home (that I live in). It's worth 240-250k It is mortgage free. Bad news: I've got credit card debts of £31500 spread over 5 cards. As well as wiping out all my debts, I hoped to do some home improvements, new kitchen, that sort of thing, and…
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Should we change??
Hi there, 1st post:T yey!! We are half way through a two year fixed rate mortgage @ rate of 5.19%. The amount outstanding is around 50k with a property vale of 150k. My question is i can get another 2year fixed at 3.14% or a 5year fixed @ 4.29% do i switch?? the ER charge on the current mortgage is 2% Thanks Joanne
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Im mortgage free looking for mortgage? Good idea?
We are currently mortgage free (lucky us I know!), but are thinking about mortgaging our house to raise deposits on 2 new investment/ buy to let flats. We are in our late 30's. Our thoughts are that the mortgage on our house, and buy to lets wd all be interest only for 25 years. The rent of 2 flats will nearly cover the…
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£6000 early termination fees? GE Money
A friend has a house and secured loan with their ex, they also owe the family a substantial amount of money. Their house has been up for sale for just over a year (was £115,000 but now up for £110,000) They had received an offer of £98,000 and subsequently a full and final offer of £102,000 which has been accepted so not…
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Can my friend get this mortgage in the current climate?
For a few days my friend has been saying he has plans to buy another property. Currently his flat was worth about 170k last summer.I guess around 20% less now. He has plans to rent it out but still has a long term mortgage on it of around 70k.He's been advised by an estate agent that he could still get a tenant for 750pm.…
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Pru Endowment"advice please"
Advise for a moneysaving dunce Currently have a Scottish Amicable endowment (Prudential) taken out to repay £26,000 interest only mortgage Surrender Value £23,800 followed by projected values as follows 4% £25,300 6% £25,600 8% £26,000 Paid up value £16,504 Costs £89.20 per month Matures 21st Oct 2009 Mortgage payments…
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halifax but to let consent- help? advise?
I have a mortgage with halifax...which is at 2.29% bank of england +0.79,I am planning to rent my house as I am goin away for about 2 years...i think i have a ltv of 60%, Will halifax let me be on the same mortgage?and how long is the consentto let for? I WILL NEED IT FOR AT LEAST 2 YEARS?i dnt want to change my mortgage…
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Mortgage Express nationalised
Letter received today from my FSA 'mypersonalfinances' who set up my Equity Release in 2007 advising that Mortgage Express were nationalised last year and now are no longer lending to new or existing customers. My advisor is offering a free review service to look for another company to take over the LIfetime Morgage and…
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Should I switch lender?
Message no longer relevant for originator.
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100% mortgage offered by a bank
I, like most are in the postion of waiting for the banks to re-instate the 95% LTV for a mortgage on a property, instead of the current 90% LTV all the banks are after. Although, my family and I are private tenants, we have registered with the local council and housing associations, for part buy/part rent. I noticed on…
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2 endowments, 2 shorfalls. Help - do we surrender?
Can anyone out there advise please – my head hurts! Do we surrender? Here goes: Prudential – to cover £26,000 interest only mortgage. This year’s bonus not yet declared. Guaranteed Sum £9152.00 Declared Bonus £8376.36 Surrender Value £23114.00 Monthly payment £37.40 Maturity Date 28.11.2010 Maturity forecast £25600.00 4%…
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Re: Bankruptcy & new mortgage
If my partner & i want a mortgage. Is he able to take it out in his own name (i was discharged 2005) and then I can join as a transfer of equity. I would be paying towards it and providing him a £12,000 deposit. Thanks ps: did try in joint...no hope in hell!
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removing name for mortgage
I wonder if anyone can advise me. My partner (of 10 years) and I are splitting up. We jointly own our property, with a small mortgage (£30k), with value of property being £85K, and a mortgage to run for another 22years. I do not work as I stay at home to care for our children aged 4 & 5 as well as my 16 year old from a…
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Do mortgage companies do anything about
Do mortgage companies do anything about complaints against them i am currently complaining about London M Co about extra arrears fees added when a court has said what i shoul pay. PS help v appreciated
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Hey Brokers, how are you all?
Hi chaps I have not been about for ages! I was a broker and changed my name on here just before I left it behind. Its been a rollercoaster but am back in that happy place again! I just wanted to know how your finding it?
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First Time Buyer mortgage
I just wanted to get some advice as what my options were in terms of house buying. I've been renting for about 6 years and paying off debt and i figure now would be the best time for me to seriously consider buying a place of my own. My Girlfriend is also considering moving out of her rented house. We want to live together…
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Pre-2005 tracker mortgage collars - are they enforceable?
We have a YBS tracker mortgage (base rate +0.75%) which we took out in August 2004. The mortgage offer letter had a collar-type restriction detailed in the small-print. The collar is not mentioned anywhere else in the documentation or sales literature we received at the time. I now understand that August 2004 was before…
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Calculating mortgage payments
house value £125000, £15k deposit mortage of £110000 required How much would I expect to pay on a 6% rate. Is it £110000 * 6% = £6600 / 12 = £550 per month. Is this correct or is this just an interest only mortgage - If so what would my payments be on a repayment, lets say over 25 years? How can I calcute this? The above…
