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A&L 3.99 5yr fix no fee should I ditch my 5.34 5 yr fix??
I would like a little bit of help and advice as to whether my thinking is correct please. I have a Nationwide 5.34% 5 yr fix taken in Aug 07, I borrowed £125k over 30 yrs. I have been repaying £697.24 p/m & cost to redeem mtge including fees is today £125,396.09. property was worth £248,000 when purchased in Aug 2007, so…
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Mortgage Over Payment Reserve
Hi (hope I am posting this in the right place) I have my mortgage with nw and am currently on part fixed and part base rate payments. On the base rate mortgage I currently have a £3k over payment reserve. Now my question is, would it make sense to take the £3k out and payoff my credit card which is currently 15.9% apr. My…
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Can I do anything?
Hi everyone, Looking for a bit input. We have had our formal offer through from Abbey, just need to sign all the paper work etc, however from applying for the mortgage originally the deal was at 4.24% for 5 years and now I just checked the site and its down to 3.95% for 5 year fr, same arrangement fee etc. (we have ltv…
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Halifax want to increase my fixed rate payments
hi i got a letter today from halifax to advise me that from 1st april 2009 there SVR is changing from 4.0% to 3.5% but as i,m on a fixed rate ( ends in june 2009 ) my payments will not change ,( i understand this thats why i got a fixed rate ) But in than goes on to tell me that my monthly payments will go up by about £9,…
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Mortgage Help Please
Hi All, I have a 100% mortgage on my one bedroom flat of 179,950. The 3 year fix at 5.99 is due to end in March 2010. It is a repayment mortgage. Given how low bank SVR's are at the moment, I wondered if it was worth me calling up my lender and switching to SVR. Is this worth me doing ? Additionally, if I don't do this,…
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who do i write to?
hi all,dont know who to write to regardind mis-sold endowment. had a policy with legal and general,this was taken out using an independant financial advisor from mayfair mortgage consultants.The mortgage was with alliance and leicester.we didnt really understand what it was all about(daft i know)i remember getting letters…
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Mortgage term - what if I change my mind?
Hi all, On Friday I applied and was accepted for a 5 year mortgage with the Post Office. I have also paid the valuation fee on the same day. My question is can I ring them and ask them to change the term of the mortgage from 35 to 25 years?, or am I too late? Paul
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have you tried to get out of deal early?
Has anyone contacted their mortgage provider to see if they would waiver the early repayment fee to take out a new deal with them? I am thinking about contacting nationwide regarding this.
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Valuation query
I was wondering if anyone has had a valuation done for a mortgage lately and knows how low they are coming in with the valuations (in particular A&L)? I am looking at the A&L fixed for 5 yrs, 65% LTV, and they have told me you need to pay the valuation fee of £320 upfront, which is refunded upon completion. If, however,…
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Mortgage Holiday Eligibility
Hiya, Now, I don't need to use this yet, but it's more of an eligibility question really. Our mortgage is with Nationwide (5yr fixed, more's the pity) and it has the option to take a 12 month payment holiday. I am pretty sure last time we remortgaged and asked about it they said we needed to have 20% equity to be eligible…
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Abbey 2.99 fixed rate
I have just seen this on a notice in the Abbey, Does anyone have any details on it? Also can anyone tell me what the payments per month are on 100k at 2.99%, I'd be very interested to know, I appreciate it all depends on what the set up fees are on this oofer
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Credit: How to find out and improve on my rating
Hello all.... This may not be the correct place to post this -my apologies if it isnt. I am hoping to get a Mortage at somepoint in the next year or two. However i suspect my credit is not good. I dont really know a thing about credit ratings, how to go about improvong it etc. -im only 24 but now is the time to get all…
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Endowment Decision - Stay in to 2013 or cash in now?
I would be very grateful for advice on my endowment with Friends Provident - unsure whether we should stick it out to the end or cash it in. I recently checked to see if it was unit linked - it isn't.:A We changed to a repayment mortgage many moons ago. Our outstanding mortgage is £42,000 on a tracker at 0.34% above base.…
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Mortgage Help
We were looking last weekend into buying a new build house and I have a couple of questions if anyone can help (we are renting at the moment ). 1. Can you still get 100% mortgages? 2. We have a loan can this be incorporated into the mortgage? 3. Is it worth making a cheeky offer on the house we have seen as the sales…
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Carmel Butler
Dear All I have just been reading a report by a lawyer named Carmel Butler that was prepared for Parliament as part of its investigation into the behaviour of the Banks. Its contents have been widely reported on other forums but is strangely missing here and yet it is of enormous importance to us all. In essence, it…
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Buying Out Of Fixed Rate Mortgage
Just been to Halifax, who won't let me buy out of my fixed rate and go onto base rate. They will only let me buy into a tracker which I don't want. Can they do this? Are all banks the same?
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Two year fixed isn't 24 months?
Hey folks, I took out a two year fixed mortgage with the Halifax in July 2006. First payment being 27th of July 2006. I just checked and the end date for my fix is apparently the 30th of SEPTEMBER meaning an two months to pay at that fixed rate? Little bit confused as to why this is, I asked a teller at the bank and they…
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5K short for 75% remortgage
I'm 5K short to qualify for a 75% LTV remortgage. I have about 2.5k debt on credit card that I was planning to pay off in a short period (5 months) but now I'm thinking about trying to save the required 5K asap to remortgage at the current v good fixed rates (e.g. 4.15% 5 yr fixed from the post office). If I pay off the…
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Any reason not to do this? A+L 3.99 5Yr fix
Currently on 5 yr fix with Nationwide at 5.89% taken out last September - £48k Loan, ERC= £1400 Can get 3.99 5 yr fix with A&L no arrangement fee Thinking this would save me £81 a month and would take 17/18months to repay the charges and then be in profit. Only slight issue I can see is that last endowment matures Nov…
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Advice - Should we extend mortgage or get a loan for extension?
Hi, Currently have a mortgage with a Building Society - Main part is interest only and a smaller repayment. Both are on good terms - 1 is a tracker the other going into base rate shortly. Now looking at extending the house. Building Society will lend the money (approx 70K) but not on such good terms (5.7% for 5 years!!).…
