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Why are SWAP rates on the way up?
Could'nt help but notice that 2 year SWAP rates are on the way up again. More a question for the Economic gurus on this board, but has relevance to the general public as fixed rates will push up again if this continues. Just wanted to know why this occuring. Regards
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helping hand scheme 75/25
Hi, me and the gf are looking at buying our first home. Well we found this house developer offering a deal called helping hand (Helping Hand 75/25) where we would own 100% of the house but would need to pay the other 25% of the flat value within 10 years, ie sell the flat. Can anyone give me more info on this shceme and…
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Legal & General Endowment
Hi there, I am after some advice on a L&G flexible mortgage plan endowment I have. Details are. Started July 1995 Finished July 2020 Monthly premium £54.87 Death Sum Assured £34956.00 Current Redemption value is £7771.69 Apparently it is not a with profits policy so there are no bonuses. Is it worth keeping paying in or…
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Mortgage Advice Needed!!
Hello - I am looking into any possible mortgages available given my circumstances below, just don't know who to ask, as it all looks against me as it were:- - I am on a Debt Management Plan, for past 2 years - always paid. just reduced totals - Have 4 defaults on loans, cards - Self Employed - so we need a Self-Cert…
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Fees on small mortage
I saw a broker for an initial discussion. He told me he was whole-of-market, and no fees. However, now I have gone back and confirmed the amount I need (£ 35 000 on a £95 000 property) he has said i will have to pay £400 fee, as they will get so little commission (£100) on a small mortgage. Is this reasonable? Is it likely…
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buying 2nd place, mortgage help required please
I currently have 19 years left on a mortgage of £105k, with 4 years remaining with First Direct fixed offset at 4.99%. Property valued at £140k Have £26k in my savings account, so its offsetting my mortgage so I only pay interest on £79k mortgage. Would like to buy a second place if its possible (up to £120 or £130k) that…
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Help with remortgage/releasing equity please
I am cross posting here following advice from somebody on the housebuying forum: Firstly, let me apologise for my complete lack of knowledge in this area, i am clueless but trying to educate myself! I have fallen in love with an old property which is one of 4 which is being completely refurbished by a firm of builders. i…
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help with endowment policy
please could someone help should i surrender my standard life endowment policyit says high risk of short fall the summary is on a 37,052 low 17,700 shortfall 19,352 med 20,400 shortfall 16,652 high 23,500 shortfall 13,552 the plan matures in 2018 surrender on 7th jan 08 was 11,300.89 surrender on 7th jan 09was 10,773.48…
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Fixed rate almost over, downsizing in 5 Months
Hi looking for some advice please. Currently have a Nationwide mortgage fixed rate coming to an end in March. My flat is valued at circa £140k and i have a mortgage of £118k on it. I am looking to sell my flat in July and should achieve £140k (due to propert, location etc) and downsize by buying a property at £100k with a…
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urgent appeal for all SAM mortgage holders
If you or someone you know was sold one of these awful SAM's in the mid late 90's you could still join in the group action taking Barclays and Bank of Scotland(now HBOS). RWP Solicitors are trying to contact everyone who was sold a SAM and are mounting a huge action against the banks backed by a big name QC.Participants…
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Mortgage Broker....your opinion?
Hi, I was wondering if anyone here can recommend a good mortgage broker that they have had experiance of. Thanks in advance :o
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5% mortgages........
Hi all, late last year I was advised there are "one or two" 5% mortgages out there......just wondering what the latest companies to offer these are and what the beat offers are.......? getting 10% isn't going to be possible so I need to make the best of this as looking to buy in next few months! i'd probably look to go…
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Transfering mortgage and property deeds
My ex-boyfriend and I have joint ownership of our flat in South East London. The mortgage is also in both of our names. I wanted to transfer the mortgage and deeds of the property into my name but when I contacted Abbey, they told me that the loan to value ratio was so high, with very little equity left in the property,…
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Remortgage Help
Hiya, We are just coming to the end of out 2 year fixed rate mortgage with GMAC RFC. It was an Interest Only Mortgage. GMAC advise they cannot advise me as to how much my new payments will be in May, which I understand. What I need to find out is I am shopping around for a Remortgage, I did have bad credit in the past and…
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Nationwide BMR
I know Nationwide allow monthly over payments of up to £500 without charge on their mortgages but what about when the benefit period is up and I fall onto their BMR. I ask as I bought 2007 Q3 with a large deposit (circa 20%) which has now been swallowed up and looking at the terms of the mortgage, there doesn't appear to…
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Has anyone heard of Loancheck for mortgage compensation
I have been contacted by an ex-partner with whom i had a Northern Rock mortgage, and when we split up she bought me out and went to another mortgage company. She has now contacted me say that her solicitor has been in touch with her stating that we may be entitled to compensation, through a company called loancheck???? I'm…
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need mortgage help
hi i really want to start to look for a mortgage and take advantage of the current climate. my credit is not very good not because i have missed payments or anything thing like that its just due to the amount of searches i have done. does anyone know how long these will stay on my file for?? i currently have about 7k debt…
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Early Repayment HELP??
Hello, I'm new to MSE and this is my first post, so apologies if this has been asked before. As I'm sure many others have, we fixed our mortgage at around 6% about 14 months ago as we wanted stability in our repayments. and evrr since then the rates dropped. I cringe when I look at todays rates and wondered if there is…
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Voluntary repossession
Does anyone know how long a voluntary repossession stays on your record for? I have been told 7 years and 12 years. Thanks. :rolleyes:
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Depressed about the huge remortgage mistake I made...
Hi all, Bit of background, I went bankrupt in 2005 and at that time had a mortgage with Nationwide. We managed to keep the house by virtue of the fact my brother bought the beneficial interest in the property from the Official Receiver. Despite myself going bankrupt my wife still had some quite significant debts so in 2007…
