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mortgage help
Hi all, Im hoping someone can help us with a mortgage question. We have a £27,500 mortgage with approx 15 years left to run. It is a variable repayment mortgage with the Halifax, we are currently paying around £210 per month plus £40 life cover. We can perhaps increase the payments to around £300-£350 per month (including…
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Standard Life treating borrowers unfairly !
Standard life have today announced a £933m profit, which is obviously good news ! However, they will not passing on the latest rate cut and their SVR remains one of the highest at 5.34%. Obviously they are trying to encourage as many of their borrowers to redeem and go elsewhere to strengthen their position, but isn't it…
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Advice please/morgage application
I live with my partner we are both divorced.The house we live in is in her name and the morgage just never got round to changing it.We have recently sold the house and want to buy another.I am 57 my partner is 44 her present morgage has roughly 20yrs to run.Im self employed partner in full time employment.We dont want to…
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Abbey mortgage success..is this the key?
Finally after 8 weeks and a lot of messing around the abbey have underwritten my mortgage, the valuer is out today and hopefully offer later and move in tomorrow! Those with abbey applications and waiting, get your solicitor to write a letter to the abbey explaining that it is urgent, i did this and my file was looked at…
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Remortgaged in Sept 08 to 3yr fixed deal at 6% - any way to get a better deal?
Hi, I remortgaged in Sept 08 to a 3yr fixed deal at 6% - now that the rates have shot down is there any way to get a better deal? Will, for example, a move to a 2% tracker over 3 years plus the cost of the early repayment charges make it worth while to swap now? Thx
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mortgage interest rates
Hello Moneysavers Just to see if anyone can help me? We have a mortgage with GE money a capital repaymant variable mortgage.We want to know if and when the repayments will go down .How does capital repayment work ? Thanks in advance Carmel
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help me please advise needed
First sorry if this is in wrong place My "wife" walked out on the kids (2) and me last July. She has since declared herself bankrupt. She also included the mortgage on her bankruptcy. Now i am real worried we will lose our home. It is already worth less than we payed when we took up the mortgage and now i am some 4k in…
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Re-mortgage?
Two years ago I took out an interest free mortgage (£300,000). My partner has subsequently sold her own property and we are now considering a joint mortgage on my current property. Of course, with the reduced interest rates, my repayments have reduced considerably in the past year, so the question is: Is this really the…
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feeling a little stupid???
hi sorry for maybe sounding really stupid but here goes ive been offered a rate of 4.49 with abbey from a broker - london & country but have seen 2.99% advertised with £900 of fees I really cant work out which one is best both are fixed for 2 years so does the £900 in fees cancell out the 2.99% rate ??? thank you in advance
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Main residence in Scotland - Live in London
Hi all, I want to buy a property in Scotland as a residence around the corner from a buy-to-let I own. I will continue to live & work in London but I require a pad to crash at as I'm planning several other property purchases for buy-to-let up there over 10 years. An adviser said Halifax would be best but when I spoke to…
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Endowment Policy
I have a 25 year Endowment Policy for 23K with 1 year to go. The Assurance company who I have the policy with say I might get back as little as 16K. Can this be right? Can and who can I complain to? I have never missed a monthy payment:mad:
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Post Office Mortgage - Application Process Help
Hi everyone, My partner and I moved an Approval in Principle to a full application with the Post Office. Got the message it had been successful at that stage. Next day I got a call from the Bristol and West case manager, requesting documents they needed (Pay slips for my partner and they would be requesting employment refs…
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Interest only fee with Halifax?
Has anyone gone interest only with a Halifax mortgage lately? I'm currently on a tracker rate of 0.64% and need to raise some capital to have my roof replaced, if I moved to interest only for a few months this would sort me out, payment would only be £34 and am currently overpaying. I've looked through my paperwork and on…
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Chelsea BS SVR
What is the current Chelsea BS SVR? As of Christmas (December 31, 2008) their SVR was 5.790%. Has it come down since in view of all the recent drastic interest rate cuts? :cool:
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LTV question
hi folks, say I want to buy a house on the market for £80k, what would happen if I got a survey complete and it came back saying the house was worth £100k -but an offer was accepted at £80k. Would this mean that I would be able to get an 80% ltv mortgage for £80k and not have to pay any deposit?? Sorry if this seems a bit…
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Fixed or Variable
Got a fixed rate mortgage at 4.49% with 30months left at the fixed rate and a variable thats always 1% above BoE base rate both with HSBC. We are in a situation where we can afford to keep our mortgage payments at same amount as what they were Jan 08 so want to overpay each month. Do I overpay the fixed (max 20%) or…
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Lending on a property with CONFIRMED chancel repair liability
I am due to exchange contracts on a property in the next couple of weeks, and my solicitor has just informed me that the chancel report (not the check) came back as positive on the property, and therefore it now has a CONFIRMED chancel repair liability against it. (not currently on title deeds as current owners have no…
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Consent To Lease refused due to low LTV
Hey folks, Visited the bank (Halifax) today to ask if it was OK to lease my flat out and they said that my Loan to Value was sitting at 92% at the moment which means they couldn't approve it! The guy couldn't answer my question as to what the valuation was based on, he just said "some index of housing" so does anyone have…
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Do we need a buy-to-let mortgage?
Hi all My partner owns a property that has been on the market for months, with little success. We both want to move away from where we are at the moment particularly because of a job opportunity for me. As attempts to sell have not been a success, we're looking at renting the property out. My question is this: BTL…
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I need to get out of my mortgage
Hi, my ex wife and I are divorced. I pay the mortgage on my old house instead of CSA. With the tightening of our financial belts it would now be easier for me to pay CSA and still ensure that my daughter is looked after when she is with me. My ex wife doesnt work and claims benefits.Does anyone no a way I can get my name…
