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First Direct 2.99% Mortgage - Any advice welcome!
My two year fixed at 5.34% with Abbey finishes in August (Thank God I didn't go for a 5 year fixed as advised back in August 07 by my friendly broker!) and I'm trying to make a decision on a next step. I've read a couple of threads here and thinking about it a five year fixed at 3.99% does make some sense but the one…
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Mortgage advice
A colleague of mine is in the following position: Bought flat in Sept 08 100% mortgage, flats in area have dropped approx 20% in price- had 2 yr SVR Mortgage comes to end in September. Limted savings. With mortgage coming up for renewal what would be the best advice I could give in the current conditions? Any help greatly…
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First time buyer mortgage
Hi, My wife and I are looking to buy our first home. We have a deposit of £17K could push to 20K and are looking at 2 properties one is up at £115K and the other is £119K obviously in this climate we will not be paying those prices :D So I reckon a mortgage of around £93K will be a realisitc punt. The mortgage will be in…
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advice on endowment
Hi What is my best option on the following endowment mortgage Surrender it now Continue paying into it ie 600.00 pounds per annum for next three years Let it run with no further payments I get life cover with this policy of 40,000.00 pounds on the death of me or my wife My mortgage is fully paid off by other means Current…
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How long to get an amended offer?
Hi everyone, We have just managed to re-negotiate a price on a house, and I now need a new mortgage offer for a reduced figure. Unfortunatly our mortgage is with the abbey who I am told have horrific service issues at the moment - it took us 3 weeks to get this initital offfer! Would anyone happen to know how easy it is to…
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Guardian Endowment Advice
Apologies - this is a LONG post. We have an endowment with the Guardian with the following details: 25 year plan - maturity date May 2018 for £40,000 so just about 9 years left. It is an indexed plan - 5% increase on protection benefits and 5% on monthly plan payments. We asked for information on what the plan would give…
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Mortgage or Pension
Some advice please I have a mortgage of £95000 which i am just paying interest on and have been for 2 years. Just started new job with final salary pension 10% of wages so do I do that or pay £200 a month off mortgage. I can only afford to do one of them. Thanks
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ReMortgage out of trouble?
I've been a bit stupid and run up huge debts on CC's and wonder if I would be best off remortgaging or getting a loan? I can't keep up the payments much longer so I have to do something soon.
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Maternity leave refused mortgage transfer
Could anyone give me some advice please? If you are on maternity leave is a mortgage company within their rights to refuse the transfer of an existing mortgage to a new property?
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Should I be refused mortgage?
I was made REALLY dissapointed yesterday, my partner and I have recently switched our joint account to First Direct, my re-mortgage is due next month which was good timing to make us eligible for the First Direct offset mortgage that's really caught my attention. My mortgage is less than 50% LTV and I am the only named…
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Marriage breakdown joint mortgage??
Can anyone give any advice please, my sons marriage is breaking down , his wife is saying she is giving him a month then moving out and will not contribute to the mortgage which was taken out jointly although all payments have been made on a direct debit from his bank account. All the utility bills are paid from his…
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Job change and mortgage
Hello, I wonder whether someone can help. Me and my husband are planning to apply for a joint mortgage. The current job I have is horrible and I hate it everyday. What I would like to do is: after our mortgage is approved and after we have completed the contract and moved to our new house I want to resign my job and take…
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Can I do this? - Please Help me..
Hello - I am on a 2 year fixed rate mortgage with First Active which I signed up in Oct last year. Looking at the rate cuts is there any point trying to negotiate a better deal with First active or even move mortgage ? I understand this is a tough question but just wondering if anyone out there has done something similar?…
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who pays more?
Hi just a question i have about a mortage we are going for. Its £200,000 girlfriend has £30,000 for deposit, i have nothing but I earn more per month. We have agreed to that i should pay more as she had the large deposit.But what is a fair ammount?how do you work it out?If say the rate is 3.99% A&L and the monthly…
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Gross income question re mortgage app.
Hi, Does anyone know whether or not I can include my wife's interest earned on savings, in her gross income figure when applying for a mortgage? SHe is self employed and her 3 years accounts have about £1000 of interest on each from the deposit to be used to buy the house. I'd appreciate any advice Thank you
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Question of the week: What’s the difference with mortgage APR rates?
Q. I’m looking for a new mortgage but wondered why they all have two different interest rates, APR and none APR. What’s the difference? A. Mortgages are often advertised with two rates. The higher one's, that lenders are obliged to include, is usually the Annual Percentage Rate (APR) which describes the equivalent interest…
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Accord Mortgages - SVR 5.34%?
I'm currently on a 2 year fixed rate mortgages with Accord Mortages (5.99%) which is up on the first of may (95%LTV when purchased 2 years ago). With the recent fall in interest rates I had hoped that the SVR they offer would have falled further as typically in the past it was around 2% about the BOE base rate. Has anyone…
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New contract for tracker mortgage.
I have a tracker with Scottish Widow at base plus 0.75 for life which is great. Yesterday I got a letter asking me to sign a NEW contract which they say is same as original. I'm cynical enough to know that they wouldn't offer this for my advantage. What advice would you give?
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One Account Vs. First Direct Offset
I am absolutely sick to death of trawling through thread after thread to find my answers..! My mind is set - I definitely want an offset mortgage as I tend to pay my mortgage off (First Time Buyer) as quickly as possible... Do I either; Go through a One Account which is currently at 3.75% from the 1st April, which the…
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Renting 2nd bedroom would void T&C of A&L mortgage?
I am currently applying for an A&L mortgage. In the future I would eventually like to rent my spare bedroom to a lodger however I was told that I won't be able to do so according to the T&C of the mortgage (which I haven't received yet). I was told that I would need to remortgage if I decide to take a lodger and become a…
