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Woolwich Fixed Rate and Moving Home
Hi, Could you all advise me on my mortgage. Currently have a 96K mortgage with the Woolwich at a fixed rate of 5.69%. 2 years outstanding. 3% early repayment charge. Have sold property for 98k and bought another for 155k. Didn't ever believe we would sell so last month paid a chunk of savings off the mortgage so balance is…
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Overpayment of Interest Only - any catches?
I'm sure someone must have covered this topic somewhere in this forum but after an hour I've given up searching. Anyway....I'd appreciate any advice. My wife and I are currently looking to borrow around £200k for a property valued at £300k. As we're currently with RBS (on 0.22%) I've used their mortgage calculators to work…
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Does taking out additional borrowing make more sense than a loan..?
Just out of curiosity would it make more sense to take out additional borrowing at my lenders SVR to cover home improvements over a the same period I would have taken a Personal Loan? Basically I'd like to borrow 7k for home improvements and am weighing up the options. Based on the fact I have a 45% LTV(plus only other…
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buy to let interest rate
OH is trying to negotiate better deal..he has been offered 4.99% fixed for 5 years with current lender for £49 fee...is this good or bad?
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can i improve paying off my mortgage?
I got an 80k Motgage Dec 2004 Boe +0.75 around 5.8% at the time. after a could of years I built my offset account upto around 5k and last year I finaly got round to transferring all my money including salary into my offset (what a nightmare the clyedale are muppets). so now I have on average arond 9k in the offset for the…
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do I have to use my endowment to pay off mortgage
I have an offset mortgage and am overpaying by about £300 a month. As interest rates are low I thought it might be a good time to borrow some extra money and have an extension on the house. My existing lender YBS have given me some figures today, and I have compared this with First Direct. First Direct advisor was fab and…
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Mortgage advice move or not?
HI I have a fixed rate of 5.29% with 4 years to go until it ends. I would incur a 4% penalty if i leave now. I owe 80000 but my property is worth 170,000. can anyone advise if it is worth my while switching to a new rate? I am no good at working these things out so advise would be helpful. Thanks:confused:
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New NR rate???
Hi there everyone, this is my first post so apologies if its in the wrong place! I wonder if any one could give me a rough idea of how much i'll save when my Northern Rock fixed rate deal finishes? I currently pay approx £670 on a 5 year fixed deal. The deal ends in December, at the time the LTV was 95%. I think the rate…
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Cis endowment surrender
I took out an endowment policy October 1996 paying £51.30 per month and rang CIS for a surrender figure as i have decided to use the money i have saved for a deposit on a house. However, when i first enquired 3/4/09, i was given a settlement figure over the phone of £8433.00 and so i requested the surrender forms. I rang…
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First time buyer - question about getting mortgage offer.
Hello! I am in the process of clearing my debts with the view to buying a house in the next few months. Can I go to a financial advisor or mortgage shop and get an offer based on my circumstances in 2 months or must I wait until my finances are sorted? thanks in advance. :)
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First time buyer! Help.
Hi We have finall found a place and it has a great deal. It's a new 2 bed home for £140,000 on the government homebuy we can start out with £98,000 Mortage (70%) and thye give the rest as deposit. Right spoken to an advisor who did a quick check on our income (£32,000) combined. Said the scheme only allows 3 time income so…
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Lowest SVR out there?
Apologies if the question has been asked. I've tried searching through the pages of the forum but there's a wealth of info on here!!! I'm borderline LTV of about 75% and will need to re-mortgage in the summer. If I do go above 75% and need to jig along on a competitive SVR for a while, can you point me in the direction of…
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should i switch to the ONE ACCOUNT?
Hi this is my first post on this forum i was wondering if anyone out there knows if the one account is any good. Me and my wife have recently heard about the one account and thought it could be the way to pay our mortgage off quicker it seems to look good when we completed the mortgage shrinker. Also does anyone know how…
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Best Mortgage Offers
Does anyone have any thoughts on Mortgage deals at the moment? I was concidering a One Account at 3.75 %. Then I got word of a Co-op tracker at base +2.49% for 3 years. I have applied for the Co-op tracker. But now I am concerned that I should cancel the offer an mortgage at a fixed rate. What is the general concensus?…
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Tax Declaration: Mortgage Interest
I have a repayment mortgage. I am just about to fill in my tax return. this is my first time as a landlord. With this type of product can I offset the interest paid on my repayment mortgage or does it have to be an INTEREST ONLY mortgage fr me to claim the expense?
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First time buyer needing help
Hi there, Im a 20 year old student living in Scotland. Currently, Im looking into getting my foot on the property ladder. My parents are happy to invest in a flat with me. I have enough money to put down a good deposit and im able to afford maybe £400 a month. However, I cant get a mortgage. I earn all my money from buying…
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Pls help - consent to let probs from Northern Rock
Northern Rock have declined consent to let my property unless I can reduce my loan by £39k, despite me submitting a supporting letter with my application form stating that: - I am moving in with my partner, who requires no rent as he owns his house outright. I have even given them his contact details to verify. - The…
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Switching to a buy to let mortgage
We've currently got a mortgage with Northern Rock (paying SVR of 4.79%). The mortgage is worth more than the house but we are looking to switch to a interest only buy to let mortgage so we can rent the house out. Has anybody out there done this before whilst they were in negative equity? I'm trying to gauge whether this is…
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Equity Release Info Please
Can anyone out there shed any light into a question that no equity release Q&A's answer?! We are considering a lifetime mortgage to release the money that is tied up in our home. We are currently mortgage free on the house. We want to know could we rent out our house once we have 'equity released' it under a lifetime…
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Mortgage Advice needed please
Hi folks, I'm trying to find out if I should be able to get a mortgage comfortably. I know some of you out there might be able to advise. Our situation: My wife and I are currently looking to move home. We have just had a baby and our current home is looking a bit small. We own our house outright and is probably worth…
