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Mortgage draw down facility...
:rotfl: I have a mortgage drawdown facility on my tracker mortgage. it tracks 1% above the bank rate, so at the moment its a very good mortgage to have! i want to buy a new car and am thinking of using the drawdown to enable me to do this. i currently owe £78,000 and am thinking of borrowing £12000. this would cost me an…
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High fixed rate for 10 years - what to do?
OK, so here's the background... I fixed a mortgage July last year at 5point something for 10 years as rates were beginning to soar and I felt that was the safest thing to do... Tough luck I hear you say? But then the credit crunch hit in a big way, the banks lost loads of money, rates dropped and they get bailed out by the…
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reposseison question
ok so say your house is reposed one day and u r given the chance taht day to get togher the money you owe but cant.. so house is reposed..what are the chnaces of getn to sort out some sort of arrangment to pay of money owe,d wihtout loosing house, taking it accout only have a yr left before house would be payed off in…
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Two mortgages to renew in 2009
Hi, I am looking for advice about what we need to do when re-mortgaging this year. Two Mortgages in place 1) a 3 year fixed at 4.29% ending in Sept 09 from Nationwide - repayment loan with an o/s balance (by then) of £76000 over six years. It is our home and this is about 20% LTV. 2) a 2 year fixed interest only loan on a…
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Comments - "How To Secure A Sale and Keep Some Equity In Your Property"
This popped up on Google while I was looking for ways to keep my chain together should it all go pear shaped. Sounds strange, has anyone experience of this? How To Secure A Sale and Keep Some Equity In Your Property…
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Alliance leicester mortgage rate from March
Hi Just made my allowed capital overpayment in January and got a confirmation letter saying the Feb payments would be Blah Blah Blah at 3.25%. Hunky Dory But got a letter today saying thanks for the capital overpayment and your interest rate from march would be 2.75% from march, so alliance are passing the rate drop on in…
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hsbc 95% Mortgage
Got a letter through the post 2day Having recently graduated a year ago.. got a letter from HSBC ( used to have a graduate account ) stating they are offering mortgages up to 250k on a basis of 95% . I dont want a house or a mortgage atm , but seemed a good deal if it actually exists. Not sure if its for people with HSBC…
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meaf im confused !!!!!!!!!!
hi everyone just need a bit of advice ,i wrote to my last mortgage broker kensington mortages i think something to do with tml the mortgage lender ,and they said i cant claim back the meaf because i signed my contract saying that i will pay it s that is that ,can i do anything else about it or shall i just leave it . i…
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reducing my mortgage term
Hello, Only a quick question and I am sure its a quick and easy one. If I wanted to reduce the term on my mortgage can this be done? I have a fixed rate mortgage with Leeds building society. Thanks, Ross
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can you apply to two different banks
Just wondered if you can apply to two different banks for a mortgage to see which one you get an offer from first because we have been waiting 5wks now with the abbey and as i have been reading these posts on here other banks seem quite a lot quicker. Thanks
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5 year fixed rate deals, 4.29% the best out there?
Hi i'm looking to take a 144k mortgage out on a 420k property and I want a 5 year fixed deal. Low LTV% so thought i would get a good deal. I thought i found a good deal the other week with the mansfield at 4.59% with a £20.00 valuation fee and a £999.00 arrangment fee, but stumbled across a good chelsea bs 5 year fixed of…
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Anybody beat this tracker ??????
First Direct are offering a off set base trackers at 1.89% plus Bank of England rate. I`m advised this is the best there is. Does anybody know of anything better. Many thanks
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Cemap Help Please
Today i sat my Cemap 1 exam and ended up failing by one mark. so i resorted back to the IFS learning material to find the figures in my hand book are out of date. As i am new to the financial industry i have sourced information from govenment websites etc to obtain my knowledge. My exam analysis shows i was marked down on…
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Lots of ???s
Hi We are considering moving to a larger property from our 1st property (a memebr of the family has just put theirs on the market) but as per usual I am VERY confused when it comes to mortgages and what our options are!! :confused: At the moment we have a mortgage for approx £77000 (part repayment £20,000 , part endowment…
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Arrangment Fees
Hi Everyone, Our fixed deal is about to come to an end, and we are starting to shop around for another deal. We have an LTV of 50% and wondered if anyone has had any luck in negotiating down the arrangement fees on some of these prducts? Has anyone managed to get them waived or reduced? Thanks!
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Endowment Surrender - should we shop around?
We were offered £31K for our endowment policy last year and were finally ready to complete the deal a couple of weeks ago (delay due to awaiting papers from mortgage lender, replacement policy documents, etc, as well as our own dawdling) only to be told that surrender values have gone down and we're now being offered the…
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Remortgage Help
Hi, I was wondering if anybody could help me. I’m looking for a new mortgage deal possibly on a two year deal (as I think interest rate will stay low for at least a couple of years, although this is only based on things that I have read recently and not any previous knowledge) but not fussed about whether it’s a fixed or a…
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Nationwide refuses first time buyers
My step-son & his girfriend have decided now may be near enough to the bottom of the market to buy a place of their own and stop existing in his room in our house. They found a place they liked (newbuild apartment), negotiated the price down and have been saving hard so they have the 15% deposit required by Nationwide.…
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Buying a house, but already have a fixed rate mortgage
I wonder if anyone can help please? I have a fixed rate mortgage on my current property which is due to end in July 2010. Where do I stand on buying a house now? I now that if I end the fixed rate, I will have lots of fees to pay back, but is there anyway of taking the fixed rate over to the new house for the remaining…
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Offset Mortgage
I was missold a 1 year fixed deal with Barclays which turned out to have a further 2 year tie in which I had intended to convert to an offset after the 1 yr fixed term. To cut a long story short Barclays/Woolwich have agreed to pay me what I have lost and put me in the same posiition I would have been in with the offset…
