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Help Please Mortgages & Wills
I currently have a 75k mortgage on a property worth 170k. My fixed rate runs out in May and I am thinking of loaning my father 30k. I am going to do this instead of him taking out equity in his property. He is happy for this to be a legally binding agreement and I will receive the first 45k of the property when my father…
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Euro or sterling Mortgage
We have already started construction of a chalet in France but are going to need some finance so are looking to take out a mortgage over 15 years but hope to pay this off within about 5 years. Because of the rapid fall in sterling to the euro would you agree that we would be better to take out the mortgage in France? I…
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First Time Buyer Small Deposit
Can anyone provide me with some help!!! Me and my Girlfriend are wanting to buy a house, we have found one at a good price but today I have found that we cannot get a mortgage through the Halifax. We both have banked with the Halifax for over 12 years and my credit card, savings account and loan is with them. I spoke to an…
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Pay the mortgage off??
Hi all, we have been working very hard at paying our mortgage off, and are currently down to just over 20k. In the next year or so, we'll be in the position to pay it off. My question is this...we will look to move in the next couple of years which may involve getting another mortgage, although hopefully a small one! Would…
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Redundant pregnant new house...
Hi I was made redundant last month and have just found out I am pregnant so am looking to put my flat on the market I am in North London and 4 years ago brought my flat for £180K the flat is in my name and I put it on the market 2 years ago for £250 so I was looking to make some good profit I am now redundant and pregnant…
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The One Account - Yes or No?
Hello! We're currently looking to move our mortgage as we're moving house and have to pay it off in full, then take out another mortgage because of how the house sale is going - but that's not important. My question is, would we be totally insane to go with the One Account? It seems like quite a good idea, and the…
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How does Barclays decide the montly payment for offset mortgage?
How does Barclays decide the montly payment for offset mortgage? I checked online banking and they increased the payment for this month by 70 pounds. They want 900 pounds this month. I put my (mortgage balance - linked savings balance) into the mortgage calculator, it calculated that I should pay 500 pounds per month. For…
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How long will it last
Realistically how long will the low interest rates last? Do you think it will be months or perhaps a year or longer?
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fixed rate mortgage for 5 years
We are on fixed rate of 4.88% coming to end on 2nd of Feb 2009 with Abbey Abbey have now offered us 4.99% fixed for 5 years with a booking fee of £599. We are no expert but do you think this a good rate to go for. Any advice will be appreciated.:confused:
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Selling my endowment
HI.Everyone.I have a endowment mortgage which matures in 2010.It will be at least 6,000 pounds short.I found a website today which claims it can get 35% more by selling it back to company i bought it from.They also pay for legal fees.The company is APP.Has anyboby used this company,or knows anything about them,or is it to…
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How do banks assess amount you can borrow?
Hi - just a quick query.. have a mortgage currently at £133k (house realistically valued at £185; was £235 9 months ago) about to come off fixed rate of 4.64% and (luckily) go onto a tracker at 0.99% above BOE (without it appears a collar or max). We want to do some home improvements and discussed with Bank an additional…
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HSBC Mortgage Declined! Please Help
Hi, After buying my first property 2 years ago my fixed rate mortgage with Alliance and Leicester has expired and I have just been moved onto the variable rate. I was fixed at 5.39% and currently their variable rate is 5.34%, thus I actually make a saving. About 6 weeks ago I looked into the various deals available and…
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Mortgage Deal Expires - What do I do next
Hi I am looking for some advice, my mortgage deal expires in April. What do I need to do in order to fix my rate again? I am with Mortgage Express and would like to stay with them as my Husband is self-employed and their application process is simpler for us than the high street lenders. Of course we want to make the most…
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I have a default on my credit rating.
Can anyone help me and give me some info on credit ratings? I have a default from 2004 on my credit rating for £120 and no other problems on it. But I have had problems getting a new morgage would this effect me so badly?
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Passing on Interest Rate Cuts
After seaking with friends who have saved hundreds on their mortgages through the recent interest rate cuts i contacted my lender (Leeds & Holbeck) to ask why my monthly payments of £2435 have not reduced - they still had me on 6.25%. Apparently my account is on Annual Review and i have to physically ask for them to look…
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Refused Mortgage Payment Holiday - Advice Please!
I don't know if there is anyone who can offer any suggestions, but I am due to go on maternity leave at the end of February and because I haven't been with my current employer for very long I am only entitled to Maternity Allowance, which is just over £400 a month. I bought my flat just over a year ago on a part buy / part…
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Endowment - to cash in or not to cash in?
Apologies - I'm sure this has been asked many times before. I have a 'With Profit' endowment policy with Phoenix. It was taken out in '94, and it matures in '17. It was meant to repay £37k, and is now forecast (at the middle rate of 5.75%) to pay £13k. I pay about £100 a month into it, and the current Total Plan value is…
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Advice: Overpay or do the place up?
The good news is that when my fixed rate expires, I go onto a tracker (BoE rate +1.99%) and am set to save 300 per month of rates stay the same. My question is do I: a/ save all of this money and over pay my mortgage at the end of the year to help with the negative equity situation? OR b/ use some or all of this money to…
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Porting a mortgage in a falling market?
Hi I have a mortgage with First Active for £130k we took it out as a remortgage for our house which the valuer said was worth £145k (very recently) so it's a 90% LTV ratio. We are keen to try and move this year to a bigger house but for the same price as our house (to a less desirable area) . I am aware that house prices…
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BTL - am i being crazy?
I own a two-bed flat I rent out as I live abroad, rent covers most of my monthly mortgage payment, LTV is approx 70 per cent. I am 25, single, and have no other debts other than a student loan. I'm planning on returning to the UK in 18 months time to move back into the flat. At which point - because of the high wages and…
