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Mortgage Broker
My girlfriend and I are now ready to by our first house. We have saved 10% deposit. Today see has gone down the high street and booked an appointment with Bristow and Eves mortgage advisor. I have told her its not a good idea to use EA mortgage advisors as they might share information on how much we can afford and thus…
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Mortgage offer credit check
Hello, I've got a mortgage offer that runs out in June and am very near completing on a house. Do you know if the lender will do another credit check before actually handing over the money? I ask because I want to take out a credit card with 0% on purchases because it would help us out in the first few months after moving…
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First direct valuation dilema
Hullo all I wanted to ask for some advice.. We are trying to remortgage our flat- currently we are with Abbey on their SVR of 4.69%. We applied for a C&G mortgage (75% LTV) in January however they downvalued the property from our estimate of 380K to 360K so the amount we needed to borrow was above 75% and so we didn't get…
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Anyone on a Nationwide tracker?
Has anyone on a Nationwide tracker received their updated payment notification for April yet? I can't remember when they are normally sent out but I am interested to see what will happen this month as our mortgage deal is 0.66% under base so with the change to base rates they would technically be paying us to have the…
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Advice Please - ditch 6.29 fix?
We are currently on a 6.29 fix until 1 March 2010. ERC is £5200. Monthly repayments are £1146 (mortgage of £162000 for 22 years) but we have recently started to overpay an extra £154 per month bringing our repayments up to £1300. Bearing in mind the ERC and also the first of the low 5 year fee free fixes to hit the market…
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Lenders backing out of Morgage deals
Hi, New kid on the the block, I hope you will bare with me on this sorry tale. Its abit complicated. So I'll try to give just the facts. Oct 2008 I was approached by my bank offering me a mortgage. I didnt think that we would qualify due to defaults gifted from a previous marriage. A full credit check was carried out…
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90% LTV mortgages on offer but I have no deposit or equity - HELP??
Dear Experts My situation is as follows: Currently in a fixed rate mortgage for the next 1 1/2 years in a 1 bed house worth 125K with no equity. Desperatly want to move into a bigger house worth 200k but just realised I need at least a 10% deposit so 20k!! It will take me a few years to save this but I want to move in 6…
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Overpayment charge - is it still worth it?
I need help with my maths, can anyone help me?! I have a tracker mortgage and with the recent cuts I'm now paying a lot less per month than when I signed up for it. There's a 3% charge for overpayments on my mortgage and I'm tied in for another 18 months. Interest is charged annually. The interest on my saving account is…
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Ditch or keep my fixed rate?
Evening, Am after some feedback on whether to ditch my fixed rate and switch to a new one. Am currently on a 3 year fixed rate deal at 6.59% on a mortagage of £138k which has a monthly payment of £990 which was considerably more than the previous 3 years. I fixed this last August and then of course the interest rates…
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Control of LTV and Income Multiples
Although I think some control is warranted to prevent unsustainable borrowing, I am concerned that the control would be applied too harshly and woodenly. There must be many fol who wil come to the end of a ficed rate with their loan still above a government controlled ceiling. Are they going to be advised that they cannot…
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Repayment mortgage interest calculation help
I am looking to redeem my mortgage in the fairly near future and would like to calculate an exact figure. EDIT-Rest of post removed as wrong formula used.
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Which option? Help needed please.
Hi, We are looking to ditch our fix, based on some of the current deals I believe it's a good option for us even when adding the ERC's to the mortgage. We would be ditching a 5 year fix 5.99%, £82k mortgage with a , £25k interest only. 20 years remaining. Our LTV is approx. 40%. We have looked at the 3.99% 5 year fix.…
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Most Flexible Mortgage Providers?
Hi, My partner and I are very keen to move house, and we have now found the home we want. We have got a ten per cent deposit available and won't have any problems with legal or other costs. The problem is that my girlfriend has not yet started her new job (she is a student and starts her new teaching job in July) and…
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Advice on deal ending & smallish amount remaining
We have a discounted mortgage deal (repayment) coming to an end in June 09. There will be £45k outstanding at that time. Given our current availability to make overpayments I estimate we could clear that amount in less than 6 years (but term would be 7 years as we don't want to over commit). My concern however, is that we…
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good comparison sites
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Why has my std life endwmt surrender value dropped like a stone since Mid March ???
Hi , newbie here , hope someone can help , After many years filing away my annual update letters kind of confused :confused: and ostrich like, i have now started to jen up on all things money and insurance wise and hope to become more ruthless with my control on the finances. I have shut my eyes to this far too long and…
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What happens if I overpay a fixed rate?
Hi all, I realise this may be a very silly question with an obvious answer but I wanted to make sure anyway! I have just agreed an 80k mortgage from Natwest at 4.59 for 5 years with a monthly cost of £448. I am allowed to overpay up to 10% each year. If I do, does the amount I pay each month drop and by how much? I'm not…
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Endowment: Should I cash it in or not?
Help, I'm confused, I need advice: My low cost endowment with Standard Life matures in July 2011. I don't have a mortgage anymore, I paid it off 6-years ago. I decided to keep the endowment running as a savings plan up until the maturity date. Yesterday I received my annual statement for the last year, and I was shocked to…
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changing from intrest only to repayment??
do lendors let you do this?? my current fixed rate at 6.79% is due to end in november. i have 124000 on intrest only at the moment. when the fixed rate ends it drops onto halifaxs svr which is currently 3.5% . i would like to change from intrest only to repayment mortgage. is this classed as remortgaging or not?? or am i…
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90% LTV - best fixed rate deals?
My mortgage is coming to an end soon and i'm looking to fix, possibly for 5 years. My current lender (Natwest) is offering 5.04% fixed for 5 years wirth £199 fee. Just wondering if anybody has seen any better offers at 90% LTV? Thanks
