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Offset mortgages
Hi all, My current fixed rate mortgage tie-in finishes at the end of the month. Was looking at best 5 yr fixes available, but today I thought I'd look into offset mortgages. They don't seem to get mentioned much on here and sound too good to be true. The main drawback I can see is that rates seem to be variable so will…
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mortgage breaks
hi, i am struggling to pay my mortgage probably for the next 3 months as my wage has been capped due to hard times glad i still have a job though. i spoke o my lender accord mortgages asking for just a 3 monthe break/holiday and i basically got the cold shoulder from them and not very helpful is there anything more i can…
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Lost my job - help please!
Yesterday i was told that i have no job frmo my boss. i have a week left to work but they will be paying me for another month plus my expenses. i have a few questions im not sure about and sorry if this isnt the right section on the forum. i also have just taken another job with PC world which is out of hours and a second…
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1 Billion rescue package for housing??
Will Alistair Darlings £1Billion rescue package have an effect on mortgage interest rates, or is it more to do with saving construction firms and supplying more houses? Any thoughts? Alan
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post office fees??
i have had a mortgage accepted with the post office, i have gone for the 4.15%, now whn i read the charges it says valuation 270 pound which is right, then 599 arrangement fee, 30 pound chaps fee and 195 lending fee. Now when i was on the post office website these are clearly pointed out in the charges, but i now have two…
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Advise needed should I surrender my Standard Life endowment ??
Any advise most welcome Provider.. Standard Life Amount paid on death £14,500. Declared bonuses....£3,396 Monthly premium...£19.56 Maturity date.....June 2013 Min amount paid on maturity £8,109 Current value £6.679.67 Final bonus £476.26 Total current value on 01/02/2009 £7,155.93 forecast @3.75% = £8,450 5.5% = £9.050…
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Endowment - Would I be better off cashing it in?
I've had an endowment for almost 10 years and now don't need it for my mortgage - I changed to a repayment mortgage a while back but kept the endowment for future savings. I now pay 40% tax (just) and was wondering if this means that whatever profits I would make on my endowment in the long-term would be taxed at this…
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Unbelievable mortgage port story
About 8 months ago we changed our mortgage to a norwich and peterborough offset tracker as it was a good rate and we had some money to offset the mortgage.we have always overpaid (currently double) and we have over 80% of the mortgage offset.'phoned up last week to port the mortgage over(which is allowed) and were told…
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FTB Advice needed - Proportion of income spent on Mortgage Payment?
Hi I am well aware that everyone is different, with different commitments, priorities, circumstance etc but I would appreciate some advice and thoughts. My husband and I are FTB. We started looking for a house this time last year, but then stopped (waiting for house prices and mortgage rates to drop, and got married :j)…
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FTB Mortgage, couple of questions...
Hiya, Thanks for having a look.... I'm currently coming to the end of an MA... when I get a job it may well end up being a 12 month contract - full time. We have a 40% deposit and are looking to buy a property for around £160. My partner has a permanent contract and has been working there for a number of years. We both…
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10 year fix
would a ten year fix at 4.75 be sensible as we only have 10 yrs left on mortgage.
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Arrangement fee rip off
Hi, Could someone give me some advice. I had recieved a mortgage offer from RBS but as the house I was purchasing fell through I no longer require the mortgage. However RBS want me to pay the £995 arrangement fee. I personally feel this is a complete rip off and feel they are getting money for nothing. Any advice please.
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Can I get a second mortgage
Hi I have a mortgage jointly with my daughter (for her benefit and her husbands). I do not live there and do not intend to profit from this property. I jointly own my own property outright with my sister but am thinking of remortgaging my owned property to clear some debts. Can I do this? Any help would be appreciated
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3.59% 5 year fixed.....
What do you think? Will we see one soon? N5TEW
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Going from Current Deal and onto SVR for couple of months before fixing
Afternoon, I dont know if this is a stupid question or not but i thought i would give it a go! My tracker rate deal is about to come to an end (in 2 months) and i have already spoken to the bank about what options i have open to me. I am wanting to fix for 3-4 years and i know that this new deal could start the day after…
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A Friend Of Mine Looking To Buy But In A Predicament
So a friend of mine admitted earlier today that he is looking to upsize to a 3-bed detached property from his 2-bed terrace. He has about £130,000 in cash and his property is probably worth around £110,000. I've told him about the house price crash but he doesn't care. The problem he is facing is the area he wishes to buy…
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interest rates changes
i know this sounds stoopid but when do intereest rates change?? i know some one on here siad every month - the BOE rate changes do the bank defaintly change borwwing rates, wehn that happens or do they geenrally onyl change once in 6 months
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Going to interest only mortgage
I am currently on a repayment mortgage; to give me a bit of lee-way and breathing space, I have asked my mortgage provider to put me on interest only. They happy to do this for 6 months and will save me £200 roughly a monthly in outgoing. Does this affect your credit status at all? I know my outstanding mortgage will…
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Initial Rate
ok this may be a stupid question but when i see a mortgage chart for comparison it says something like this: 3 year fixed Initial rate 4.15% Whichis fixed until 31/05/2012 Then theBank of EnglandBase Rate + 1.99% (variable) 2.49% The overall cost for comparison is 3.0% APR am i paying 3% for the first 3 years followed by…
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Fixed rate or not ??
Hi just after a little advice really I am on an abbey flexi mortage, for the last 12 months it has been on interst only and is now down to £100 a month but I am not paying my mortage off which is what I want to do. I owe £105,000 and have 21 years left on it. I am wondering if it is best to go on a fixed rate so I can get…
