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Mortgage Virgin
Myself and my partner are completely knew to the whole mortgage process and are blinded by the range available. We have read Martin's guides but are unsure what would be the best route to take. It is quie a strange situation as well and therefore it is difficult to compare approaches. We are in quite good financial…
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Long term fix i.e. 25 years
Hi guys and gals, I am a first time buyer with the advantage that my extended period of living at my parents has allowed me to grow healthy deposit. Adding to this my longterm girl friend (albeit someway off 25 years yet!) has a healthy level of savings. This will probably put us in the region of having been 15 - 20%…
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Remortgage question please
I currently live in spain but also have a property in the u which i have a mortgae on and is rented out. Is it possible to remortgage the uk property as i live in spain?
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Valuation less than offer
We've had an offer accepted on a house. Valuation has come back £10k (about 3.5%) less than our offer. Is it normal now or at least not unreasonable for us to ask for a reduction in price to match the valuation? No contracts have been signed yet.
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Fixed mortgage but offer to move rate?
I have a joint mortgage on a stinky rate of about 7% which we got just before the interest rates fell.. Recently i got a letter from my bank (who are not my mortgage provider) who say they will be contacting us to discuss potentially moving our mortgage to a lower rate, even if we are on a Fixed rate. Is this do-able - and…
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Advice on taking on extra mortgage in 75/25 scheme
Ok, so a bit of background: In September my husband and I will have been in our home for 4 years. We bought a new build Bovis home on homebuy scheme of 75/25. The deal was the extra 25% had to be taken on within 10 years at 25% of the original purchase price or if the market had increased 25% of that current value. Price…
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Mortgage Advice
Hi, I've been lurkingfor a while and wanted some advice. We have sold our house and seen another that we want to buy. Problem is me and my husband have been on credit expert and looked at our rating. My husbands is 999. Mine is 900 - perfect except for a default on an A&L personal loan. Loan was for 5.5k, paid in full when…
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Needing Extra Funds and Remortgaging
Hi, we are in Scotland and are about o remortgage a flat that we rent out. The mortgage is for £40,000 but we want to borrow an extra £7000 - total of £47000. Is this doable and do we have to tell the lenders or prove to the lenders what we are spending the extra cash on? The property is worth arond £125000 Thanks
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valuation query
folks, i'm hoping you can help? we are worried, some info: we purchased a 3 bedroom detached bungalow and a small cottage (2bed at the bottom of the garden)within 2 acres of land, we purchased the complete package for £335K in Dec 2006. we purchased this Privately and feel we purchased @ bargain price in 2006. Based on…
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Gifted Deposits
We am in the process of buying a new build house and have been gifted a 5% deposit from the developer. We have paid our £500 deposit on the plot, however we have now been told by our independant financial advisor that almost all of the banks will not recognise this gifted deposit. Any advise on 90%LTV morgages and bank who…
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Bristol and West refusing to help this situation
Hi all I'm after a bit of advice from some of you guys in the know... Basically, my parents owned 2 properties, the property they live in and a second property which was a rennovation project which took far too long to complete and has caused this problem. Originally property 1 (where they live) was mortgage free, so they…
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Deposit / rate ratio
Hi, Im currently renting a placem but would love to buy a house. I have my eye on a terrace for £108k. Ive been told that 95% mortgages no longer exist.. and 90% LTV are, but have high rates and app fees.. Would i be expected to raise 15 / 20% deposit to have a reasonable rate? Thats 15 - 20k! :eek:
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Mortgage Express PVR
Hi there everyone! Just wondered if someone could give me any help regarding Mortgage Express PVR?? We have a self cert mortgage with ME, which has a fixed rate of 5.39%, due to end in Jan 2010. After the letter reagarding early exit without fees on fixed rate deals, I dug out the paperwork to see what the rate would…
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The "Should I Ditch my Fix?" Calculator Discussion Area
This is the discussion area specifically for Should I Ditch my Fix? This is part of the Fixed vs Discount Q&A Guide, and includes the quick Should I Ditch my Fix? calculator. Please click reply to discuss. NB. If you wish to discuss the main content of the Fixed vs Discount Mortgages Q&A guide, please use its own…
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Fixed vs Discount Mortgages Article Discussion
This is the discussion area for the Fixed vs Discount Mortgages Q&A Guide Please click reply to discuss. NB. If you wish to specifically discuss the Quick Should I Ditch my Fix? Calculator, please use its own discussion thread
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Endowment guarantee
The government guarantees your saving up to £50k if your bank goes bust, is there any guarantee if your endowment provider goes bust before maturity ?
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SVR question(s)
I realise that lenders aren't obliged to pass on all (if any) cut from the BoE base rate to their SVRs. What occurs when the base rate rises? Do the lenders in general choose to pass on the full increase to the SVR, partial, or none? Also - are SVRs ever likely to increase under any other circumstance than a base rate…
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Mortgage Question
I have a fixed rate mortgage with around 3.5years left to run on it. Its currently 5.63% is it worth me phoning the bank/building society and asking if I can get a better rate without any fees etc etc? Does anyone know if this is a posibility please?
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Advice please
I'm hoping someone can help. A bit of background info first. We bought our first house in April 2007, paid £123,500 for it, put £12,350 deposit down and added the £999 mortgage fee to the loan so the total loan amount was £112,149.00 which we took out over 35 (!) years. We fixed for the first 2 years at 5.19% so our…
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What year house vaules are we at currently at ???? YBS problem
Hi just wondering what year house vaules we are at ? for example, is the average house price now back to where it was in 2002 or 2003 ? Ive had a look here http://www.houseprices.uk.net/graphs/ and i would summise we are at a point we were with house prices mid 2005. Now the reason im wondering this is because im currently…
