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Confused about SVR with A&L, Fixed coming to end...
Hi all, I have a mortgage with A&L and the 2 year fixed period is coming to an end in a couple of months. (4.75%) I had a letter through from A&L a few weeks back, explaining my options, which are basically none. We took out a 100% mortgage, just before the slump, so we are effectively unable to move to a different product…
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Re-mortgage or suck it up?
I re-mortgaged in June last year through a mortgage broker, who advised me at the time to go for a fixed rate deal. I ended up with Halifax on a fixed rate of 6.79% for 3 years (interest-only). Since the interest rates have started going down I have begun to feel pretty sick about this! I wondered if anyone could give me…
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Mortgage overpayments or place in savings account?
Hi, I am currently on a BOE tracker (+ 0.79%) with HSBC, with the latest rate cut to 1.5% it brings me in at 2.29%. Does it make sense to continue overpayments this year or is there a consideration to be made on using higher rate savings accounts (perhaps fixed rate) and pay a lump sum at a later date? I am a higher rate…
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Now til 2012 - Hell on Earth ???
HELLLLP I have just pulled out my mortgage docs. to see what my rate will go to when it expires, i would have sworn that i had a 2 year deal which expires May 09 but i have just discvered it is a 5 yr deal which doesnt expire until 2012 5Yr fixed 5.49% interest only Loan amount £204,000.00 Monthly repayments £933.30 Early…
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Lloyds TSB Staff Mortgage Rates
Hi there. Just wondering if there are any Lloyds TSB staff out there who can let me know whether they offer any discounted rates on C&G mortgages to staff. Thanks!
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Student Loan (older style) and affect on Mortgage Application
I have an outstanding student loan of about £5,000 where I do not need to make repayments until I earn over approx £25k (so I am not making any repayments just yet). Can anyone tell me what impact this will have on any mortgage application?
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Mortgage deposits
Hi, I hope someone can help, we are looking to buy a house. We are looking to buy a house and my parents have offered to gift us some money to put towards the deposit. We have saved £10k and are being offered an additional £20k by my parents. The complication is that we have decided to buy their house. Does this now…
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New offer
Hello,i have a lifetime 0.5% above base rate tracker and have been offered 2.25% fixed rate for 2 years with no fees, reverting to variable rate with present lender.I will be in a position to pay off mortgage in 3 years.I would be grateful for any advice. Thanks. .
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ge money mortgage - Ends aug 2010
Hello, just wondering if you can help, we now have 1 1/2 years left to run on our 3 year fixed mortgage. We bought the house for £108k on interest only and 100% :eek: Bad i know, so we had the house valued and its worth £120k, so when it comes to remortgage we will have £12k equity. How does this work, when our fixed rate…
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Endowment Shortfalls - again?
Due to the recent unrelenting interest rate slide does this mean that I will be receiving more 'red warnings' relating to the endowment policies covering my mortgage capital? These should 'mature' in less than 3 years time - but are they better being cashed in now and paying off part of what is a part repayment/part…
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How to calculate new monthly payment
Hi, I am currently on a fixed rate of 5.49% until April 09, My mortgage documents state that at the end of the fixed rate product my mortgage reverts to Bank of England Base Rate + 1.1% Can anyone give me an idea of what my repayments will go down to on a £70,000 mortgage over 11yrs? or how to work it out? This is a…
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Mortgage Help..
Hello Everyone Just wondered if it was possible to get a mortgage on a house where a kitchen has been ripped out? It was a repossession and the people have taken literally everything but the fridge and the pipes!! Its only £90k and we have £30k saved so would need 60k. If not, how do you get round it, or do you just need…
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Help? Facing redundancy - unsure about mortgage!
Hello everyone! I could really do with a bit of advice! My partner has our home mortgaged (with northern rock) in his name. We took it out 2 and half year ago. He is now facing redundancy and its looking like he might go. We thought our mortgage payments would be covered if he got made redundant. We were sure we took…
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I want a fixed rate
Currently enjoying my collarless, lifetime trackers which are: 1. residential at +0.74% 2. BTL at +0.89% LTVs are low. I'd like to move them to a fixed rate. Clearly, in the short term, I will be paying more and for this reason I feel I should be offered something better than Joe Public. If I was offered a no fee 3.5% deal…
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when can i get one
just cleared bad debt from credit file £1350 I paid up in full i did have a default on my file from 2004 regarding this. I have a 15% deposit for a mortgage but when will lenders start to look at me
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Fixed rate ending, which SVR?
Hi there folks :) Our two year fixed rate mortgage runs out in May (rate of 5.4%). When we fixed the mortgage two years ago we were told that at then end of the period we would go onto the SVR of 6.1%. What I want to know is, will they put us straight on to that rate or will we get their current SVR which is alot…
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Need to ask a question re payment holidays
Can someone explain this to me please. In november, following my husband having an operation and looking at quite a long time off work, we phoned Halifax, our mortgage lender, and requested a payment holiday of 3 months. It was explained to us that in doing this we would still be charged interest on the mortgage amount…
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Will a DMP affect my mortgage deals?
I'm sorry if this is an obvious one..... My fixed rate ends on my mortgage in July 09 (I know, it's a while off yet!) and I have been on a DMP since Aug 08 - will this affect the options for any new mortgage deals? I'm on a 6+% deal at the moment - the number of lenders was reduced due to the type of building and the fact…
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Do I Remortgage To Buy More Garden?
Hi there I'm looking for some advice. I live in the centre of a lovely market town. Our garden is quite small but I'm an avid gardener and love it. The neighbour directly behind us has mentioned several times that he would be keen to sell some of his very large garden to us, if we were interested. I'm VERY interested as it…
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Can you negotiate early payment charges on a fixed rate mortgage?
I have a fixed rate buy-to-let mortgage with Mortgage Express which is set up 6.59%. I believe the variable rate is 3.75% with them at the moment. I called to see if they would negotiate a lower early repayment charge if we went on to a variable mortgage and they said "NO"!! Is there any way you can negotiate this in this…
