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Is there a difference between arrangement fees?
Is there a difference in the cost of arrangement fee's between a tracker and a fix rate mortgage? ie if it costs £900 to get a 5 year fixed rate would it be the same for a tracker? Thanks
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fixed rate coming to an end, what next
Hi All,thought i'd ask here again as always get plenty of useful information.My 5yr fixed mortgage comes to an end in July.Currently with Halifax, and at July will be roughly 80K owing on a 200k property, so i think this means circa 40% LTVAny tips on the way forward,I think SVR is 3.5% current so not sure what to doLike…
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Switch and Wipe Savings?
I'll try and keep this brief... I have a £95k mortgage on interest only with the high street bank I work for although I overpay each month to effectively make it a repayment mortgage. I fixed it for 5yrs at 5.39% around a year ago which at the time was a good deal. For a short period of time the bank are waiving ERCs to…
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Problems with catalyst - can we buy them out?
Hi, I wondered if anyone else has had problems with catalyst housing? and also if anyone had advice on how we can buy them out. We bought our house 5 years ago using the key worker scheme for equity loans. therefore we did not have a deposit for the house as we used the equity loan. We now have baby number 2 on the way and…
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Halifax mortgage-how likely to honour AIP?
I've had an absolute nightmare as a first time buyer from start to finish, most recently with the valuation of the property (a new build) which seems to have now just about been resolved. I obtained an AIP from Halifax around 2.5 months ago or just under. Considering the incredible amount of work and stress that has gone…
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Overpayments help needed please
Hi all.. Me and my girlfriend are just setting up our first time mortage.. Just been reading through the Key facts about our mortage with abbey and it comes up with this bit: 11. What happens if you want to make overpayments? You may make lump sum capital repayments or regular overpayments at any time. Please refer to…
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Additional borrowing - coming to end of fixed rate
Hi again all, I am coming to the end of my two year fixed rate deal on my £150k property.. where I borrowed £77k.. at something like 5.19%. My SVR at last time of checking is 3.75%, which is fine, but I would like to borrow an additional £10k, to take me up to about 56-57% LTV, to pay off existing debts. Every time I phone…
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Confused about what to choose
Our circumstances are this. We are FTB with 85k deposit (coming from me) we want to buy and pay max £210k so max mortgage of £125k. My husband earns 38k and I am unfortunately on IB and DLA which brings in 7k per annum. I am worried some lenders won't allow me to be on the mortgage because I am on benefits, however I want…
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Legal Charges
My ex husband and split up and we have a lot of property/businesses to split up and this has proved difficult. My ex and I still jointly own all of 'his' remaining properties whilst I have sold most of 'mine'. I have now found out that my ex has signed a legal charge for Barclays on one flat and two business premises which…
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100% LTV Deal Expires with Mortgage Express - Any hope?
Newbie here, thanks for clicking into this topic and for making such a great forum. My 3 year fixed rate 100% LTV mortgage with Mortgage Express on a 150K property has just come to an end. Being taken over by B&B, they don't have any new deals so it's on a variable rate now. It was 5.49%, now substantially lower but…
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10yr Fix? really new to the mortage game!
I have my first home and I am looking to remortgage. Was thinking a 10yr fix as it would give me security and the interest rates can only go up in the long run. Unfortunatly I cant remortgage for 2months as I have a probation period in my new job. Any opinions on fixing for as long as 10 yrs and does anybody know when the…
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Mortgage - Guarantor
Hi My partner and me currently have a mortgage for £110,000 but due to house prices we would probably only get £120,000 if we were to sell. I don't have a great credit history(no ccj's) but we were looking to move to a new house which would cost £140,000. We wouldn't have the required deposit so was wondering what chances…
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Self-certs still around?
We got a self cert 5 years ago, as wouldn't have been able to buy a house otherwise. Put down 25% deposit and got good rate. Both of us are still freelance and wd not qualify for a decent mortgage amount conventionally. Questions 1 any decent self-certs still out there? I guess LTV wd be about 70%. 2 I presume proving…
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Fixed 2.99 plus loan or fixed 3.89? Help!
I've been trying to get my head round what is the best option. I have a current mortgage of £252K plus want to borrow another £30K (but could settle for as little as £10K for best financial deal and hope to borrow more later): First Direct fixed 2.99% for 2 yrs Offset mortgage (£599 + £299 fees plus £270 valuation) - £252K…
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fixed, tracker, variable etc
Hi, My fixed mortgage deal with Allaince and Leicester ends on 31 Aug 2009. Rate is 5.79%. I believe their SVR is 4.99%. Owe about £157000 - LTV about 80% Now - whats peoples opinions on what to go for? I am seeing some very low tracker deals around or even a fixed for 2 years? Is it hassle to switch lender? Any ideas most…
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Mortgage multiples for a FTB??
Hi, I earn a basic salary of £25,000 but regularly earn £1k plus in bonuses. (April P60 £36,500) So my question is which providors will include my bonus? And do they even check to see if what you earnt was from your basic or basic plus bonuses etc? How much should I be able to borrow? Any info from people with experience…
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Mortgage despoit - too good to be true?
Hi folks, this is my first post. Other half and I are sitting tight to buy somewhere when we can afford it. We have been saving for a deposit and to be honest dont really know much about mortgages. We have recently seen a brilliant house for sale and it just so happens that the seller is a good friend of the family. We…
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Bank of england statement
LONDON, May 7 - The Bank of England issued the following statement on Thursday after it held rates unchanged at 0.5 percent and said it would continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £50 billion to a total of £125 billion. BOE STATEMENT…
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Another Endowment Dilema
I have a Firends Provident (previously London and Manchester) unit linked endowment with current surrender value of £15, 400. Policy is due to expire in 2018 to repay £40K (currently on track). It's a policy that has indexation options and am currently paying £134 pcm (i can't remember what value it started at but I assume…
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Change in LTV on a portable mortgage
In March 2007 I took out a 90% portable first time buyer mortgage with the Yorkshire B.S. It was fixed for 5 years @ 5.69% (I think) I have been considering moving recently so arranged an appointment with the building society to get clarification on how a portable mortgage works. They have advised me that as a general rule…
