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insurances??
what are all the insruances for that they offer you and what ones would you adivse taken, or not needed? etc we have been qouted extra 90£ a month for insurance ontop of payments that was buildings anc contents mortgag ppi? sickness life insrunace
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New Build Mortgage & Builder Deposits
Myself and my partner have seen a new build property for £159,950. Only last week the builder was offering it's own shared equity scheme, so we'd buy 85% and the builder would keep hold of 15% for 10 years, or until we sell. We have £8k saved and we had a mortgage agreed in principal, however the builder has stopped the…
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Need advice before proceeding
Hi everyone. I would be really grateful for some advice. I separated from OH 2 years ago and went onto an interest only mortgage with my bank Alliance and Leicester. That was a great decision in retrospect. Mortgage is 45,000. Now we are soon to be divorced I feel the time may be right to buy him out. I don't have to - my…
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Advice on Offset Mortgages please?
We have a 5yr fixed rate interest only mortgage at 4.98% with Nationwide which is coming to an end in Sept 09. Having looked at the posts on this forum, it seems most people are agreed that rates are going to rise over the next 3-5 yr period. It seems to make sense that we should start thinking of booking a mortgage now so…
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Mortgages and credit rating
Hi, we are considering buying our first house and I have just obtained the credit rating report from all the 3 agencies. We only lived in the UK for less than 2 years and have a clean record so far, however I scored around 770 with equifax, 560 with experian and around 600 with CallCredit. I know its relative, but is this…
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FTB Low income?
Hi have posted on the wrong forum so am starting again.I work part time earning£500 a month and roughly receive £25000 a year in working/child tax credits and child benefit plus another £ 2500 in carers and dla which im not counting as its for my son. Is there anyway of any lending giving me a mortgage considering most of…
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Another C& G Q please
We have decided to pay an extra 50 pounds a month on top of our normal mortgage payments I posted earlier to see if they would charge us 10 pounds a month to do so as they do charge ten pounds for larger overpayment but other posters had said that they dont However I have just looked in my 'mortgage handbook' and this is…
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False information given to me by Northern Rock
My 3 year fixed rate expires on May 1st this year so in January I started to look around. I knew I had penalty charges until 1st May so I phoned NR twice to confirm that I could leave after that date with no additional charges. On two seperate occasions I was told that this was the case, I could leave them with no other…
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Fixed rate mortgage ending soon
My fixed rate mortgage with Alliance and Leicester ends soon. A&L are offering a variable rate to me of 4.99% which is way above the base rate or other products all with fees. To access a low rate product elsewhere costs money in fees and redemption costs. Does no one do a variable rate mortgage anymore at a sensible level…
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Bank Statements
I have been approved for a mortgage and now have to send my wage slips, passport copy and last months bank statements. The thing I am worried about is that I went into my overdraft last month, I stayed well with within my limit. Will going into my overdraft affect if my mortgage goes through. It was purely on leisure items…
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FTB Mortgage Query
Been lurking here for a while reading all the useful posts! We want to start looking at houses and want to budget before we start going in to estate agents. Our joint income is £45k and we have a £28k deposit. We are looking at properties of up to £160k this would give us a LTV of 82.5%. We both work as teachers, currently…
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Can I apply for a mortgage with a alternative lender with an existing application?
My mortgage application is on hold with Halifax right now as there was a problem with the valuation of the property. This is in the process of being resolved, but will seemingly take ages...it's already taken almost a month. I've been advised Halifax are the only ones downvaluing the properties at the development I'm…
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Is this a threat!
Hi, I have just received a very disturbing letter from my Building Society. When we took out our mortgage about 4 years ago, we declined to take out accident, sickness and redundancy insurance. The letter asks us to review this decision in view of the current economic situation - fair enough - but goes on to say: "..I…
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First Time Buyer - 95% mortgage
Hi, Does anyone know if anybody is offering 95% mortgages for first time buyers? Thanks
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Mortgage Declined
Hi all, my partner and I are looking to buy a house in one of the most desirable parts of South Manchester. We have a mortgage broker, and they have recommended Astra Mortgages. We have paid £100.00 arrangement fee for this. Yesterday, we had a call from the broker saying that Astra's surveyor was happy with the value of…
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Applying for a mortgage
Could someone help me out here please with some advice. My OH and myself are in the process of looking for a house - have a big deposit but have not found anything. Given fixed rates have started increasing do you think we whould go see a bank/BS and get a mortgage approved with an AIP - will they give us this? We have a…
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A quick C&G mortgage Q please
I noticed that you can make regular overpayments to our mortgage as well as a 10% lump sum For the lump sum in mentions a 10 pounds charge but ive we decide to overpay say 50 pounds a month every month as a regular overpayment would they charge is ten pounds a month for the privildige Ive tried looking on thw website but…
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Nationwide porting, borrowing less, HELP
Hi, just been reading many posts regarding my query, and im a little worried. Many people are saying nationwide is refusing porting existing mortgages. My situation We currently have a mortgage with nationwide, we have £190,000 remaining on the mortgage. We have just this month come out out fixed term, now we are on there…
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How do valuations for remortgages work?
Hi This has probably been covered before, but this is the situation. I bought my house 2 years ago and I'm coming to the end of a 2 year fix. I would like to go for a 5 year fix if possible, but the better ones require a LTV of 65%, whereas others only require 75%. I'm confident that I'm over 65% LTV so no point looking at…
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Circumstances have changed....are the implications?
Hello, I'm new here. Hope you don't mind me ploughing straight in with a question....I'm feeling a bit worried. Up until last summer I had quite a good job earning £50-55k but was made redundant and decided to retrain. I'm now coming to the end of my retraining and will be earning about £22-23k a year. My husband earns…
