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Mortgage Payment Protection - is this a total con??
My husband lost his job recently, he took voluntary redundancy, started a new job but it didn't work out unfortunately. He has signed on for JSA and they asked did we have mortgage payment protection. We do! I got my husband to phone and they have said they will not pay out due to his redundancy being voluntary. We used to…
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when to look for remortgage
my fixed rate mortgage term ends in november when can i look for a better rate?
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Income multipliers? HELP!
Hi, I am looking to remortgage to buy my ex partner out of a property. The mortgage details are as follows; Loan amount £106,000 Valuation £175,000 Additional Borrowing needed to buy out ex £15,000 I currently earn £26,000 and most of the lenders are saying they will only lend me £90,000-£101,000. I know I can afford the…
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30-40% LTV, better deals?
Hi, I notice that most offers talk about being 60,75 or so LTV. We are in the position of having around 30% LTV on a 23 year term, are we likely to be able to negotiate a better deal or are the lenders deals fixed within LTV boundaries?
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Shares Advice
Hi all. To start, I know nothing about buying or selling shares. I have acquired nearly 300 shares from the demutualisation of Standard Life and have just received a letter telling me that they are about to pay out £7.70 each (Approx £2k). I am not in need of this money particularly, so the option of re-investing through…
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Should I top up my endowment with ISA money?
My first endowment policy is due to end later this year. It was due to pay out £25000, but like every other such product taken out in the 80s it will underperform. I expect about £18000. Would it be advisable to use my ISA nestegg to 'top up' the difference and make sure that I make a dent in the mortgage or is this a bad…
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First time buyers, ex expats
My parter and I have been living abroad for 2 years and returned to the UK November 2008. We're in our mid twenties and want to buy a house for the first time while they remain lower in price. My boyfriend is self-employed and I am with a temp agency while I look for full time work. We are both earning good money so we…
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Joint Mortgage, Good Deposit, Bad Credit
Hi. Myself and my partner are looking to apply for a mortgage in the next few weeks to a value of around £70,000 - we have a £12,000 deposit available but the problem is, one of us has very good credit, whilst the other has very bad credit from when she was younger. Can you tell me wether there is any point whatsoever in…
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First Time Buyer Non standard construction
Hi I'm a first time buyer and have found a property I like the inly thing is its of Tee Beam construction which is apparently why its so cheap (around 25-30K cheaper then the rest of the street). The property cost is £99000 fixed price and I have around 30% deposit. Does anyone know of any lenders which lend on this type…
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mortgage valuation
We have just been charged £500 by the mortgage providers (Halifax) for the valuation on the property we plan to buy, this seems really high (I thought we would be paying about £200). This is the first time I've bought a house so haven't been through this before and I can't seem to find an average price for mortgage…
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is woolwich SVR the best option
my friend has a woolwich mortgage for £31,000 . He is on the SVR .He is paying £162 per month .Still has 19 years to pay . House is worth around £100,000 Is this the best option for him .He dosent want to pay £999 fees to move .
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Best Fixed Rate and Tracker deals at the moment?
Hi Sorry it this has already been asked. Our tracker deal is due to finish soon so I am on the look out for the best deals around. I am pondering on tracker but from reading the forum am now not so sure. I am also looking at fixed rates or offset mortgages. Had a nose at some on the net but was shocked by the £900+…
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HSBC Home Buyer Variable
Hi we took an HSBC fixed rate deal as first time buyers in 1999. After the fixed term it reverted to the default arrangement tracking 1% over the base rate. This has suited us fine, it went up it went down, we overpaid we had no reason to seek a better deal. now we want to move. I look at the mortgage quotes and they are…
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Mortgages for New Builds
Hi Does anyone know of any good mortgatge rates for new build houses? Fixed or tracker considered. I need to loan on 90% LTV but could stretch to 85%. Any advice greatly appreciated. Thanks Nathan
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Proof of Identity
Hi all, I have received my mortgage offer documents and they are asking for proof of ID, i have lost my provisional driving license and have an out of date passport, any ideas as to what else I can use. Thank you.
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Best Base Rate Tracker - where?
Sorted a cracking deal with HSBC for my son last year, but in the end didn't get the property, and that product has of course disappeared. Looking again now, anyone been looking at trackers latetly can point me to the best deals about just now please? We will be ok for 75% LTV.... NW have 2.88 @3.0% APR, anything else…
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This is probably obvious but.....
Hi Everyone, Im a bit of a mortgage newbie and wondered if anyone could offer me some much needed advice.... basically, we are a young couple looking to purchase a property... i am ashamed to say we do not have a deposit... but we read somewhere that if somebody is your guarantor you do not need a deposit...a relative has…
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Mortgage talk financial coaching
Hi, I'm not sure if this is the right place (1st time poster!). I got a mortgage through mortgage talk 2 years ago, 1st time buyers with no deposit, so they advised us to get a 'plus' mortgage. We were also offered the financial coaching scheme, which being naive and not understanding what was being offered I agreed to. I…
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Shared equity mortgages
Can anyone advise as to which lenders are offering mortgages which will allow the deposit to come from the "My Choice Homebuy Scheme"? I've made an appointment to see an IFA about this and she is extremely unhelpful, rude and agressive and I have real doubts about arranging a mortgage through her. If nothing else, I'd at…
