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Remortgage?
Hi, Can you remortgage for things other than your 'doing up 'own house e.g. to help do up someone elses house? If I have a £60k mortgage and its worth about £130-150 in current climate do you think I'd struggle to get a £25k remortgage?
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Is 3.99% 5 year fix the lowest it will go ??
I know no-one has a crystal ball , But in our office we are all split 50/50 on this one Personally i cant see a long term 5 year ( 65% ltv say ) fix going below the 3.99% mark ( with a reasonable admin fee ) Im convinced the low BoE rate is a temporary thing and feel rates will need rise steadily towards the end of…
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Self Build Mortgages
I am looking for a self build mortgage, Build costs - 105000 land costs - 45000 Deposit - 20000 Mortgage required = 130000 Joint salary - 55000 I have around 10k on 3 credit cards. paying loan at 373 a month 30 months remaining. Have 5 missed payments in last year on credit card and credit score is 733. Will i get a…
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Prudential (Scot Am) Endowment Update
I've received a "red" letter from the Pru to say that my endowment will have a shortfall when it matures in 2010. The worst case scenario is that it may be about 3k short. Do the figures they provide include any terminal bonus, if there are any?
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Changing mortgages
Hi, I currently have a fixed rate mortgage, the rate is 6.85% and the payments are 841.55 a month. What i want to know is this, Is there anyway of moving to a std variable rate without having to pay the get out fees? I am with Lloyds TSB, should they being doing all they can to help people keep there homes? just a though.
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Scottish Widows Endowment - advice needed!
I'm after a bit of advice if anyone can help, I'm unsure what to do with an endowment policy I hold and what options are open to me. Details of endowment Provider: Scottish Widows (originally Lloyds TSB) Start date: August 1998 Term: 25 years Plan: 'Low Cost Mortgage Plan' 50:50 Income Fund and Balanced Fund Value Aug…
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Staying on the bank's variable rate for the next 23 years?
Sorry if this is a dumb question, but this area isn't my forte really. Basically we have just dropped onto the banks variable rate which always tracks at 2.0% above the Bank of England Base Rate (Nationwide) Now I see fixed rate deals for 5 yrs+ are quite high in comparison to this rate (we have a 200k valued house and owe…
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Mortgage Deposit
This may sound like a really basic queston but what percentage of a mortgage should you save for a deposit? Me OH and I are looking at houses around £170k but I want to know how much we would need for a deposit so that we have something to aim for Thanks
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Solicitor required for remortgage?
I hope someone can help me. I am taking out a mortgage on a property I own outright and the building society form asks for the solicitor or legal conveyancer but surely I don't need one as there is no sale taking place. I expect this is just an error on the part of the building society but could someone confirm?
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Can anyone recommend..
..a mortgage advisor who is whole marekt and free fee based in the North East UK? Preferably the Bishop Auckland / Durham area. My sincerest apologies if this is not the correct conduct, I had a quick read of Martin's rules and couldn't see anything about asking for such advice. People can PM me if they wish. I have nobody…
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Desperate, please advise!
My ex partner spent the last six months living in our jointly owned home with her new partner (now husband) and refused to pay full mortgage payments each month. She recently moved out and now refuses to pay anything at all. She also changed the locks and refuses to provide my solicitor with a forwarding address. Infact…
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Don't want buy to let mortgage
I recently relocated 400 miles to start a new job. My problem is that I can't sell my house so I've had to rent it out. I have foolishly informed my mortgage lender of my change of correspondence address and they have now written to me telling me that I need to go onto a buy to let mortgage if I rent my house out. I only…
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Postponing mortgage repayment.
I have an interest only tracker endowment mortgage which is just 3 months away from the end of its 25 year term. As the rate I pay is now only 1.5% I'd quite like to keep it going for as long as interest rates remain low, and the endowment policy money could be reinvested in say corporate bond funds to yield better than…
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4.79% 10yr fixed £895 arr fee. Can anyone do better?
Hi there Just wondering if anyone has found a better 10 year fix? Mortgage from Skipton BS Thanks in advance.
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At what point are you tied into a mortgage?
Can anybody tell me at what point you are tied into a mortgage? Back in June 2008 we found a finacial adviser to help us with a re-mortgage, following his advice we opted for a tracker. However it would appear he put the wrong product in place. I contacted him and asked him to change it and received a letter dated 14th…
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help with new mortgage
hi does anybody know where i can get a set of rules and regulations governing lenders? my fixed rate ran out in august 2008 and my wife went to our lender to get some info. she took part in a phone conversation and was given some quotes verbally.she made a further appointment so we could both go back to the society but…
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Abbey 90% mortgage
Hello, I am after some advice.. I am currently on the abbey SVR and they have offered me the following deals which both seem quite good to me. ( certainly alot better than we can get anywhere else). I just wondered what peoples advice were on the 2 products.. 1) 3 year fixed at 4.99% with £300 fee 2) 5 year fixed at 5.49%,…
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Abbey 2 or 3yr fix?
I'm a FTB with a 85% LTV I am going to go for the Abbey over a 35yr term but not sure whether to choose the 2yr or 3yr fix. The rates for both are 5.84% which isn't bad for a FTB, monthly repayments are £471.62 on a £98,000 (£14,700 deposit) house which suit us fine. But should we go for a 2yr fix or 3yr? Also for the…
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Mortgage Valuation
Hi, We have applied for a 75% mortgage on a new build property. We can't stretch at all beyond the 25% deposit. First Direct have agreed that they would likely loan us the money subject to our documentation stating what I did on the telephone, and the valuation etc. Is there any chance the mortgage company would value the…
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Extending mortgage - what shoud we do?
House value £460,000 Mortgage outstanding £220,000 Current mortgage rate 2.99% reverting to BofE base rate +.99% from 1st April We want to extend our mortgage by £20k to have some work done on the house and pay off about £10k worth of debt. West Brom B Soc who we are currently with have offered us a fixed rate of 4.59% for…
