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Mortgage subsidy affected by redundancy
It is possible that I may be made redundant from NatWest this year and I am unable to get a straight answer on the implications for my mortgage subsidy. I am a member of the old subsidy scheme as opposed to Your Bank. Colleagues have told me that in previous years if you are made redundant you would receive two years worth…
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8 year fixed mortgages ?
Hi, I am new to all this so please bear with me,my 5 year fixed rate with nationwide finishes in April 2010, i will then have 8 years left on my mortgage does anyone know if i will be able to get a new fixed rate mortgage for 8 years or do they only do either 5 year or 10 year fixed? Thanks, Simon.
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Help with remortgage please please :)
hello everyone this is my first thread so here goes. we currently have a mortgage which is a tracker which ends in augs this year. before my better half was in work but now she looks after our little girl. the problem i have is we owe 127000 and the house is worth 140000. what are my options please i am on £30,000 but we…
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First time buyers
Me and my partner have been talking about getting a mortgage so we can buy our first house. Is it a problem that my other half does not have a credit rating? He does not have any credit cards or contract phones or loans and never has done because he has not felt that he needs them. Will this cause us a problem? The other…
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A capital sum repayment for Interest only or Repayment loan.
Hi folks, I have 2 mortgage loans, same interest rate, same lender, same conditions, roughly same sums, and no charges applicable. One is an Interest only the other a Repayment type loan. I want to make a large capital repayment and pay off part of one of the loans. Question: Should I pay off the part of the Repayment or…
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Porting but not increasing borrowing
Hello, wonder if anyone can help. Got a northern rock mortgage for £180k, fixed rate til 2011 and i want to port that to a new house, but I'm not looking to increase my borrowing. Just want to transfer the mortgage to new house. I think we've got a good credit rating - we never miss payments and aren't overloaded with…
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Endowment - going down in value instead of up
My Barclays Life Managed Fund Endowment Policy was worth the following at different stages: - £10,468 - Jan 2008 £9,115 - Jan 2009 £8,445 - Mar 2009 I pay £100/month and as you can see it is dropping in value at an alarming rate. Should I sell? Is it right it's dropping so fast? Shoudl Barclays be advising me that it has…
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please delete apologies posted by accident
please delete wasn't meant to post, sorry
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Compound Interest on Interest Only Mortgage??
Maybe I'm going mad but I think my bank is being very sneaky... I have an interest only mortgage paid by direct debit each month and the balance is rising. After several long phone calls it seems there are a couple of things going on which shocked me - so perhaps someone can tell me if this is normal behaviour from the…
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HSBC fixed rate deal query
I have just been on the phone to HSBC about my fixed rate mortgage deal that ends in October. BAsically what I wanted to do was end it early and go onto the SVR. I was quoted a fairly small amount to end my deal. HOWEVER... They say I cannot just go onto the SVR if I end my deal early. They will only allow me to take out…
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Time to Fix Long Term?
Hey guys, I know ultimatley its my decision but i do so enjoy reading the opinions you all give to fellow users that i'd like to ask a question myself! My 5.79% 2yr fixed with A&L ended last month and I have reverted to their SVR on 4.99% I'm now tempted to get on a 5yr Fixed @ 4.15% with the PostOffice. Does anyone think…
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Walk Away
Hi all, long time looker, first time poster really looking for advice. My story in a nutshell is that my partner and I bought a house two years ago on a fixed rate interest only 100 % mortgage. At the time we were more than able to meet the repayments. Forward the clock on two years and our circumstances are very…
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Anyone else considering a 5yr/10yr fixed rate mortgage?
Just a bit of background about myself before I start... I'm currently in an SVR discounted deal that ends in April 2010, so just over a year to go. I am currently a member of the MFi3 (Mortgage Free in Three Yrs) challenge over on the MFW (Mortgage Free Wannabe) forum and my mortgage currently stands at £105k. The…
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Is lowering the BoE furhter going to help?
My question here is , does lowering the BoE below a certain percent say 3%actually help the economy recover. So lets see, lower rates may incourage more people to apply for mortgages to buy houses ,well the banks realise that rates WILL go up again , so if they lend to people who can afford rates now , then when rates rise…
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Friends Provident 1986 endowment
Advice on my endowment PLEASE- unsure whether we should stick it out to the end or cash it in. We changed to a repayment mortgage many moons ago. Our outstanding mortgage is £42,000 on a tracker at 0.34% above base. We don't need the insurance and we can manage our mortgage comfortably. We are in fortunate position of…
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Bristol & West decision
Anyone know if Bristol and West will be dropping their SVR after the March decision? I am on a 2% below SVR till October so am currently on 1.49% Any advice as what do to when my term expires? Is it true I can go on to the B&W SVR or since they have "gone under" am I forced to go to another lender?
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Is this a good deal ?
My 2 year deal is coming to an end in may. The new offer from Abbey is Property value = 135000 Amount 97000 Duration = 10 years 4.49% fixed 250 cash back monthly payment 1007 Fee = 49 Actual cost = 24168 + 49 = 24217 2yr fixed Very grateful for your advice :) Thanks.
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I have a question ?
I have always wondered how house payments and mortgages happen, and how they figure out your monthly house payment. What would I have to do in order to buy/build a home with money?
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Transfer of Equity
In 2004 my brother and I decided to buy a house together to get our feet up on the first rung of the property ladder. We jointly applied for a mortgage for the property (50/50 stake) and both of our names appear on the title deeds for the property. I have recently got engaged and my partner has moved into the house that my…
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Stuck in a fixed rate, any way to get out of it?
Can anyone help me, I'm stuck in a Halifax fixed rate until July 2011 at 6%. Apparently the ERC would be £2,500 to get out of this. Obviously the base rate is now considerably lower than when I took out this deal (which was a good deal back in July last year) however now I would be considerably better off on a tracker…
