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Mortgage overpayments, advice needed...
We have 2.5 yrs left on our current deal, which was fixed at 5.79 for 5 years with Northern Rock.. We had a 125% mortgage with them: £114000 for the property (95%) £30000 loan (30%) We were with them for 2 years before getting the above deal, and since the house was revalued 2 years ago, the amount we owe is approx…
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Divorcing: Broker, Guarantor & Options ??
How do I find a mortgage broker. Have done an internet search but only seems to return large companies who charge big fees. In an ideal world I’d like someone local (Kent), friendly, whole of market. Understand the commission or fee paying options (well kind of from the sticky thread). But how do I find someone reputable…
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Mortgage After Expiry of IVA
I have a friend who needs some help. His situation is that 5 years ago he go into some serious debt, he got it sorted and set up an IVA. He has managed this very well and is coming out of it in May of this year. Therefore that will be 5 years of being clean. Howevever I understand that your credit record goes back for 6…
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6.19% Fixed Rate Mortgage - Move it?
The adviser I used last year rang to say we should move the mortgage. He suggested fixing it for 2 yrs on a tracker rate - so we would incurr an arrangement fee, plus his fee of £195 (won't be using him again based on what I have just read!) plus the penalty we would incur now. The rate we are on at present is 6.19% fixed…
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Offset help please.
Hi, could anyone help solve my little problem? I have an offset mortgage with Woolich and recently reduced my payments, to help pay off a small debt. Now that that is sorted I'm wondering if I should put the £100 which the mortgage was reduced by back onto the mortgage payment, or pay it into my ISA, which is currently in…
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Mortgage advice please
Situation - In 1999 took out an interest only mortgage for my house then (bought for around 40k) - took out a FP Endownment for 40k also. Moved house in 2006 but just took out a new full repayment mortgage for 25 years. (Nationwide). So thinking about it now, in general what are my options with the endownment, can I offset…
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Woolwich Tracker Mtg
Me and OH took out a £550,000 mortgage with Barclays in 2000 and subsequently switched to lifetime tracker at Barclays Base Rate +0.19% with the woolwich. Interest payments have fallen from around £32k per annum to just £6k per annum.:beer: in the last year The mortgage is Interest only I am 48 and OH is 46 and we have 12…
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Endowment Saving Plan
Hi, I am thinking about whether to keep paying into my endowment as a saving scheme, I cant sell it on as its not the type they want, Its with legal and general and i am taking it that the return is going to be dreadful. Any ideas please ??????????
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What mortgage to go for
Ok I've been able to help people over on the Benefits board. But this is one area I need (lots of) help! Ok so here's the basics: I took out my first mortgage in May 2005 when I was 24 Because I was on £14000 I bought the cheapest place i could find £54000 and I took it over 40 years to keep the payments low. My mortgage…
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Scottish Widows Bank SVR, Follow Lloyds TBS or Not?
Scottish Widows Bank is, as I understand it, a wholly owned subsiduary of Lloyds but independently managed. Lloyds TSB gave an undertaking to reduce their SVR mortgage rate in line with the BOE base rate, and SWB did do also until January since when they have made no changes whatsoever. So currently, they are 1% out of…
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Paying off mortgage with savings
Hi, My dad has £19k in savings which he would like to pay off a £28k mortgage in a lump sum but he's unsure how to go about it. This would involve a re-mortgage because his current mortgage's interest rate is about to shoot up to 7%. Does he pay off £19k to his current mortgage company and then re-mortage for £9k or…
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Is it worth me changing my mortgage?
Hi, wonder if anyone can advise me if I should get a new mortgage deal. I remortgaged with Bank Of Ireland in June last year. The loan was 58,000 and fixed 3 years at 5.99% till 31 May 2011over 17 years and payments are £453.88 per month. The overall cost for comparison is 6.9% APR. My early repayment fee is set at…
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Unsecured and Secured Parts of Mortgage
Just trying to get my head around all this because I am new to it and in a stressful situation. My ex left in Oct 2007 but kept his name on house and mortgage and i paid for the mortgage solely since then. He was happy to keep his name on it. Now due to losing his job he cannot get any benefits because his name is still on…
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Inheritance and shared ownership
My dad died last week, we buried him on Saturday. My parents are long divorced and I am an only child, so it looks like I inherit everything. He had a shared ownership two bedroomed flat that has been left in a shocking state, it will need to be totally gutted. He only had a year or so left on his mortgage, and I'm…
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nationwide mortgages
How long does it take at the moment with nationwide from application to offer of mortgage. Thanks
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seeing 3 lenders this week - do I let them credit score me?
would 3 checks on my credit score be bad? should I just see who can offer me the best deal then let the best one check my credit score?
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Greedy Barstewards at HSBC pass on none of the Feb Rate Cut
HSBC have passed on less of the recent rate cuts than any of the other 'big 4' banks and have done it again by not passing on any of February's rate cut (possibly the only bank not to cut all?). So they have gone from having a historically competitve SVR (which they always liked to point out when touting for new business)…
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first time morgage with bfriend parent
Looking into a dream start deal with barratts which my bfriend cant do because of his debts so his parent is doing it on his own but now barratts want someone on the mortgage who is going to or will live there (we dont leave together) just want to know the pos negs of going in to a mortgage with someone who isnt your…
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House Repossession maybe bankruptcy?
My girlfriend and I are looking to buy a house together as she is expecting our first child in July. The problem that we have is that she has a house with her ex partner (obviously she doesn't live there) that has been up for sale for 14mths. He is supposed to be giving her x amount of money a week to cover the mortgage…
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Holiday period for mortgages...how does this work?
thanks in advance.
