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Remortgage? second mortgage? or what?
Any advice please:D?? I have a17k mortgage with the Coventry at 1.75% variable with 5yrs to run and I want to borrow 30k to do a loft conversion.What's going to be the most cost effective way to do this? The property value is 170000, so the equity is good. I need to keep the repayments as low as possible because I don't…
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Interest only mortgages - short term fix?
Hi, I'm after some advice. I have recently split with my girlfriend, however until we sell our house we're still trying to live together. However, this is proving to be impossible for both of us. Our house has been on the market for a few months but with no interest. We can't afford to drop the price as we would need any…
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Low LTV Mortgages
Hi - I have a property worth £290K and outstanding mortgage is £160K making the LTV 55%. The mortgage is up for renewal very soon and I am contemplating using our ISA's built for many years towards the mortgage and see if we can get a "better" deal if the LTV is lower? Does anyone know of any companies offering you better…
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Help very confused with LTV & Brittania!!!
Hi, As I have heard that the fixed mortgage rates are going up tomorrow with most lenders (from the lunch programme on BBC2 you know the one after daily politics). So my Nationwide deal runs out end of July (currently a@ .38% repayment mortgage). I have been looking at the Brittania fix for 10 yeears @ 4.89% So I phone up…
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ID checks
Please redirecct me if this is in the wrong place. We have applied for a mortgage and our photocard driving licence copies have gone walkabout in the internal mail system of the buiding soceity. We were told that they had done an internal ID check to save us having to send another copy ( or prevent them having to look any…
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mortgage holidays
Hello, I was thinking about applying for a mortgage holiday for five or six months so that I can quickly pay off a credit card balance. The card is about 6.5% on the lifetime of the balance but I'd love to be rid of it. Does anyone know if this is a good or bad idea? Thanks!
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Lost equity - Fact or myth?
Hello, Can someone please help clarify the following: My wife and I currently have our house up for sale with the hope of buying and moving to another one. Our current house is fully paid for and we have approximately £50k in savings. The equity we have in our house, together with savings we have, will enable us to require…
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Any advice please....having nightmare with joint mortgage and ex husband
My husband moved out of the family home in Feb 08 and left myself to bring up 2 young children. He paid a pittance towards the mortgage up until June 07 but hasn't paid a penny since then. We have a decent amount of equity in the house (roughly 115k) and the mortgage is interest only. I have been managing the payments fine…
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Buy to Let & New Home Purchase
Hi, My husband and I are looking to move house soon we currently live in a 2 bed flat which we would like to rent out and then buy a family 3 bed house for us to live in. There are identical flats to ours which are currently rented out so we know the potential market is there for rental. Please could someone explain how…
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Fix for 5 years or 3?
First time buyer looking to borrow £85k for a property worth £135k. I am young and as such don’t have an abundance of money, so rather going for a tracker and gambling money I cannot afford to lose I am inclined to get a fixed deal, ensuring I know exactly where I am. Halifax are offering fixed for 3 years at 4.15% or 5…
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Halifax - sly, rude etc...
Has anyone else had bad experiences with the Halifax Estate Agents / Mortgage advisors? Me and the other half are in the process of offering on a repo which is for sale with the Halifax. We put our offer in late last week over the phone. We were told that we would have to go into see them personally to go over a "few…
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Voluntary Reposession
Hi I will be giving my keys back to the mortgage company, please can someone advise me on what i have to do. Is it just a case of here you go and send my keys back. Also i keep reading that i shouldn't sign anything please can someone advise me on what not to sign and why. Thanks in advance
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Mortgage possible on Annex?
Hi Folks, I'm in the process of getting planning permission for an annex on my fathers property built. I'm a mid twenties employed person and have been struggling for ages to get on housing market. Have spent about 1k + on getting planns done for a two bedroom annex. The annex will be on the land owned by father but be…
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Renting out house- mortgage issues?
Hi all, I know there are buy to let mortgages when you are buying a new house to let but if you want to let your existing house do you have to change your mortgage? We have a Nationwide Tracker mortgage with 4+ years tied in to go so cant change it I wouldn't think. Is letting out a mortgaged house easy to arrange in terms…
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ERC if not buying again.....
Hi, I know there have already been various discussions on Early Repayment Charges but we have a slightly different case. With a year to go on our fixed rate we have sold our property and are wanting to get out of our mortagage. Obviously our ERCs are high but we have heard a rumour that if you are not going to take on…
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Mortgage Advisors - Need some advice
Hi, I'm currently looking to remortgage and been looking at a 5 year fix deal with Northern Rock. It will allow me to overpay as much as possible, which I need. Questions is, I'm fixing the 5 year deal but in a year or two may be moving away. If I do I will want to keep the house and rent it out. Would I need to convert to…
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Best 10 year fix? (£68000 needed, 48.5% LTV)
HI All, we are looking at putting in an offer on a house over the next week. Our offer will be £140,000. I have £72,000 to put down as a deposit, so will need a further £68,000, given an LTV of 48.5%. I would like a 10 year fix for stability, the best I can seem to find is 4.99% from the Abbey. Can anyone advise of any…
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What to do? Media say get new fixed rates?
Hi I am confused with the media urging you to get new fixed rate deals. I have approx. 18 months to run on my fixed rate at 5.9% (we took out 5 years) witht he abbey, paying approx £840 per month interest only on 165k, making capital payments when I have any spare cash. Should I try and get a new deal now on fixed rate or…
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Want to buy my first house
Hi I am looking to get a FTB Mortgage and would love to get a house for around £150,000. Would there be any chance of getting to this figure. I have a 20k deposit, no debts or loans, just pay rent a month. Does anyone have any ideas? Comments would be appreciated. Many thanks
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Mortgage protection - A new con by banks
My friend was made redundant in November and because she and her husband have a joint mortgage she decided to claim her half on mortgage protection. Nat West who they have their account with, have now demanded that she sends them all her job applications and any interviews that she has had or they will stop paying out. It…
