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Mortgage redemption and state benefits
If someone receiving benefits used their savings to clear their mortgage thus bringing their savings below the £16000 threshold and becoming eligible for more benefit. Would the DSS (or whatever they are called) object? I wouldn't have thought there would be a problem but does anyone know? Thanks
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Mistakes on my Credit Report - Will they stop me getting a mortgage?
Hey Guys, Ive put an offer in on a house today and its been accepted. Ive just done a credit check on myself as I have no reason to believe that it will be bad. Ive always paid the full balance outstanding on my credit card, and paid back loans etc on time. However last month Orange (mobile phone company) messed up taking…
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Remortgage needed with poor credit
I know times have changed in the adverse credit market, but I'm hoping to get a remortgage, I contacted moneysupermarket.com and they said that they can do nothing for my circumstances which suprised me a bit, so if anyone has any recommendations it would be appreciated. I jointly own a property which is valued at around…
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Advise on improving suitability for mortgage
I have just been turned down for an application to transfer my Northern Rock Together mortgage into my sole name folllowing a separation. I'd be interested to hear what the experts feel would be my best option for getting into a position where I am considered a better risk. Luckily my ex is happy to stay on the mortgage…
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When you apply for a mortgage does it affect your credit check?
I dont know a great deal about credit checks or credit ratings, thats why Im asking this question. I consulted a mortgage broker, asked how much we could borrow, gave him lots of details, he came back to us after a few days (presumably he did a credit check) and said Halifax can lend you xxx C & G xxx. I didnt think the…
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Will we get a mortgage? Advice please
I know I can (up to 103k on my own). Here's scenario- our flat is under hubby's name. He's never missed a mortgage payment. BUT he did incur a lot of bank charges and missed credit card payments. He owed about £4k which is nothing but he panicked and took out a dept consolidation loan in dec. He has now cancelled that as…
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One quick question guys
Think im being a bit dull but i just cant find the answer. Say i take a fixed rate mortgage out at 3.5% fixed for 2 years - then it reverts to 4.2% APR after the deal ends. Does this mean that 4.2% APR means roughly 3% above the BOE base rate. Which means when the deal ends in 2 years and the BOE base rate is at say 4%…
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Rate Hunter
My mortgage is due to complete it's current 2 Yr Fixed Rate period and I'm considering a One Account. However, that's not the point of the post. I'm wondering about the cost of chasing the best rates. Let's say you have a 25 yr £100k mortgage and you chase the best rate every two years on either fixed, discounted, capped,…
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End of mortgage deal - should we go onto Base Mortgage Rate
Title says it all! We're coming to the end of a two year mortgage deal (with Nationwide). By default, when our deal ends, we are switched to the Nationwide's BMR of 3.5% (whereas on the deal we have paid 5.58%). Looking at Moneysupermarket.com, the best deals available seem close to Nationwide's Base, so we're wondering if…
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C&g
has any1 managed to go interest only with C&G even if they dont have 25% of the total value in the house. My term finishes in july and could really do with it for a year but dont know if they will let me
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Anyone else with me on this thought......???
the quick brown fox jumps over the lazy dog
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Will the RBS change a rate once offer has been made?
Hi, New here and looking for some advice.... We have a mortgage offer from the RBS, really high rate 7.25% because we only have 90% LTV fixed for 5 years. Since applying we have seen other mortgages with much lower rates and really want to try to get one but unfortunately the house sale is nearing exchange of contracts.…
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Build Extension or Pay off Capital?
Hi, we have recently inherited some money, roughly £20K and are wondering whether it would make more sense to use that money to build an extension on our house or pay off some of our mortgage. We are in a bungalow bought for £213,000 in December 07 and are finishing a 2 year fixed mortgage (fixed at 5.59%) of £180,000 in…
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Last Minute Mortgage Refusal.
Hi, I have searched this but have not had any luck. Please can someone offer advice- 2 months ago the Halifax approved me for a Mortgage. On the day of completion they rang me and said that they can no longer offer me a mortgage. The reason they have given is that my Credit Report is not suitable. However my credit report…
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Getting off fixed?
Hello all, Some advice would be nice. At the momet I am on a fixed rate at 7.89% which runs out in 09/10. The charge to get off the fix is around £3000 or slightly higher, I am with northern rock. Do folk think it would be prudent to get off the fixed rate add the charge onto the mortgage and take advantage of the low…
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Early Redemption Successes
Hi Everyone, First time I've posted here, so please bear with me. I've currently got a fixed Term Mortgage with Birmingham Midshires that ends in July 09. When my wife and I signed up to the mortgage everything was fine. However, my wife and I separated 4mths ago and I have put the house on the market as I am struggling to…
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Family loan acting as a deposit?
Hi, My partner and I are looking to buy for the first time, and have kindly been offered a 25% loan from a family member (to be paid back with a nominal amount of interest). How would mortgage lenders view this, or would people advise just not disclosing it? thanks.
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Bristol and West SVR now 3.49%
document.write('LATEST: Developments in our Online Services offering... ');TextBoxTicker();LATEST: Developments in our Online Services offering... 09/02/2009 - SVR decrease Following the Bank of England Base Rate reduction, we are pleased to announce that with effect from Tuesday 10th February 2009, Bristol & West…
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Is it worth Remortgaging??
Hi everyone - 1st post so please be gently! Today have received our annual mortgage statement and was wondering whether it might be better to remortgage. Realise alot depends on personal circumstances etc. - but I think most people are looking to tighten their belts! and we're no different I have 2 years left to run on a…
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What is my L.T.V?
I need some help identifying which L.T.V % I should use when finding a new mortgage. Perhaps someone in the know can help me out? Our existing mortgage is due to expire in 2-3 months, so now is the time to shop around and get some deals banked (as some are offering to honour an application at said rate for up to three…
