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Term ending.. Wait on SVR 4% or Fix it again now?
Just a sanity check if I may.. My 5.58 % fixed rate ends in March and I drop onto Nationwides BMR (Base Mortgage Rate) at 4%. My LTV is good: I have 56k left on a £350k property I have no adverse credit issues.. Normally I'd prefer assurance of my outgoings (by fixing) but given market conditions I'm considering staying…
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Advice Needed for 1st time buyer
Hi, I hope you all could help me. I am currently in the process of looking for a house to buy. I earn 43K a year but only have 5% deposit saved up. As you all know the lack of 95% LTV mortgages are few and far between. The need to buy a house is quite important as i am pregnant and due in july. I have rented now for the…
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interest rates
Does anyone think there may be any more interest rates cuts to come ?
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Remortgage advice needed after the end of an era :-(
Hi, I hope some one can give me some advice on where to start? My partner and I are separating after 13 years together. We bought a house 18 months ago with a fixed rate which ends in August this year. He would like to remortgage the house and get a lump sum of cash to pay me my fair share.We bought the house for £214,000…
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Mortgage and emigration question
Hi all I'm after a spot of advice, please. We're emigrating and have a tentative date set, a couple of months from now. I have not given in notice at work yet. We have a house here, with a mortgage at just under 75% ltv (and yes, that's being brutally realistic about its current market value). Other than that, we have…
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Sell House but Keep Mortgage?
Hi, First Post so go easy on me..... Not sure whether I should be posting this here or in the house buying forum so I apologise if I've chosen the wrong one.... We've been trying to sell our house for £180k (mortgage of £90k) and we've just accpeted an offer for £160k. As we've not seen anywhere to buy we're considering…
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New mortgage offer mid-way existing fixed deal
HI, I need some advice. I have started interest repayments on a 3 year fixed rate (5.34%) 15 months ago on a mortgage of £100K however yesterday the BS contacted me to offer the opportunity to move the £100K to a new mortgage deal. Options that they are giving are: 4.74% fixed for 3 years, 4.49% fixed for 5 years and there…
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Do I pay off my mortgage?
Hi, My wife and I are in a dilema. We are currently putting every spare penny we have into paying off our mortgage. We figure that the amount we save on not having to pay interest by taking the mortgage to the full term is well worth it. Our problem is.... are we doing right or should we put all of our spare cash into…
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quick advice about mortgages and
hi , i'm after a bit of advice regarding a mortgage that i need to take for our house purchase. purchase price on house 358k deposit 272k mortage 88k I've been speaking to a couple of all market brokers over the phone and have had some deals sent back to me via email. ive now suggested that it would be probably best for me…
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bank refused loan but offered re-mortgage
We asked online for a 10k loan and were turned down but today someone from the bank called and said the amount we applied for was too high but they could do £6,500.OH told them that would not help our situation, he was then passed on to someone else from the bank who may be able to help.That lady asked if we had considered…
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Bradford & Bingley ???
Hi we have mortgage with bradford & bingley, we just received a letter stating they nationalized ...and in we have a portable mortgage then we should considered remortgage with another lender !! Is anyone in the same situation ? we have a fixed 5year repayement mortgage we only in the 2nd year now and wondering what we…
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Anyone with intelligent finance ?
Our morgage is with intelligent finance ,my fixed rate deal ends next month therefore in March i will be going onto intelligent finance SVR .I rang intelligent finance yesterday to ask them what rate is there SVR they said 4% at present . Has there been another rate cut that will apply in FEB ? ,i may have read it wrong…
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What To Do?!
I have a full 35k offset mortgage which gives me access to an extra 50k mortgage reserve (I don't actually pay a mortgage payment as I have a full offset). I also have 40k in a building society as savings which is currently paying about 3%. I wondered, if I withdraw the 35k and borrow the 50k, add this together with my 40k…
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Remortgaging - How will Britannia value my house ?
Never remortgaged before, and we are a little concerned as to how are house will be valued by a new mortgage company. We purchased our house at a brilliant price, at least, 15k cheaper than others on the street as it required some updating. Computer generated valuations online ie. Nationwide and Halifax are not going to…
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Switching Mortgage
There have been quite a few messages today about Mortgage Express offering to waiver the fee for moving from them. Our mortgage is only 12 months old, it is 100% mortgage. Assuming the house may be worth more than what we paid (doubtful I know but I want to get my head around something) would we still have to find a…
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endowment protection ?
:confused: hi can anyone tell me if my money in my policy is protected like your money is protected in the bank,if say the company went bankcrupt. cheers wayne
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Drop in base rate, drop in payment?
Just a quick question, I'm on Nationwide's standard rate which for Jan is 4%. With the drop to 3.5% in Feb, will my monthly payment drop, or remain the same and I will just be paying off earlier than forecast? I cannot compare against the last drop as I was on a fixed deal in Dec, so my new deal for Jan naturally had the…
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Remortgaging - what else do I need to change?
Hi all, Just a quick question.... In the past when we have remortgaged, we have always used IFA's and they have generally sorted out new life assurance, critical illness, buildings insurance etc. This time we have gone it alone (First Direct), and intend on leaving all the insurance / life cover etc as it is, but I am…
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mortgage mess - dont know what to do
The short story is: Partner and I have split up (all amicable) and house is on the market ive had an offer exepted on a new house, moving in next week meant to be! ive gone through the mortgage process with britannia, jumped through all the hoops, bank statements, income verification etc and have just been told today that…
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Help needed re: renting out home for first time! I'm in a pickle!!
I have a roughly 85% mortgage with Northern Rock - I'm worried they're unlikely to give me permission to rent out my home as someone told me that they will only give permission for mortgages that are 70%?? I haven't actually spoken to them yet - but am kind of putting it off as I'm worried they'll say no!! What do I do if…
