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FTB - A few questions
Hi all Long time lurker, just about brave enough to post!! Myself and my partner have been saving up for a deposit for almost a year, coupled with paying off all of our debts, in preparation for buying our first house sometime in the next year, we are in no rush! I have been playing around with various mortgage calculators…
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life insurance advice
Hi guys, I have just recently re-mortgaged for home improvements. My mortgage isn't huge, even with the top up its around 62k. When i set up the mortage originally (10year ago) i took out life cover for me and the wife, which gave us cover upto 48k, so since the re-mortgage i contacted the life insurer (was Abbey, now…
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interest only? half payments?
hiyas, my partner has lost his job.. we have a mortgage and i work. hes actively looking for work and i doubt he'll be out of work for long. my lender, northern rock have offered to halve payments for up to 3 mths, but also asked if we wanted to go on interest only for 12 months. interest only would be £200 less than what…
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Warning - Lifetime Mortgage Repayment!
Hi not sure if this comes under endowments mis-sold but can I complain somewhere about my mother who bought a LIFETIME Mortgage from Norwich Union when she was 74 in 2001 so she had some money £30,000 to be exact!!!!...since then she has been diagnosed with Alzheimers and had to move into a home. We have, luckily just sold…
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Haart Group
Hi Everyone, I am researching for a posible job move. Can anyone tell me of ANY experiences they have had with the mortgage services at a Haarts Estate Agents. Any kind of information would be apreciated. Cheers
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Please help! so confused re.mortgages!
I had a mortgage about 10 years ago, but split with my boyf & have been renting ever since. I want to get back on the property market but understand even less now, about mortgages than I ever did before! Can anyone please reccommend good fee free mortgage broker? I'm in Brighton, East Sussex! Please help! Thanks
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Mortgage Arrangement Fee - Scotland
I'm trying to buy a flat with a good home report, using a mortgage advisor, for buy-to-let. It's going well until the mortgage company instruct their own survey and then refuse to lend but still charge me the arrangement fee (£1750). The flat is built with no-fines concrete, this was stated in the home buyers report but…
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in a pickle...
Hello everyone, first day here just signed up... My business is now failing to support me after 15 good years. I've not been paid for 6 months now and have just under three months arrears on my mortgage...I've followed most of the advice given here, chatted at least 20 times to my lender, had a useless visit from a field…
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Endowment best offer £200 more than surrender - expected nowadays?
Paid in ~£6500 on an endowment, surrender value is £5390. Went through APMM to sell, they send the details to 6 companies. Only one contacted me, offering £5592. I was hoping for a better result, but maybe long-term investments aren't appealing in today's economic conditions. So...is this an expected result at the moment?…
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best 90% ltv 5 yr fixed rate???
hi, who has the best 5 year fixed rate please for 90% ltv mortgage? im struggling to find a good one - for a friend of mine. halifax is a whopping 7.09% 5 year fix, and natwest is 6.49% thanks
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Fix ending....fix again and pay the same on lower rate?
We currently owe 110K on our house (approx value of £160k so LTV of ~70%). We are coming to the end of our fixed rate (at 5.14%) in a couple of months and our mortgage broker has recommended either a tracker (which my partner isn't keen on) or another fixed rate product. We can get a 2yr fixed rate at 3.79%, but rather…
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Ltr to ditch 5.89% fixed and remortgage from Britannia - anyone else?
Hello All, Had a letter yesterday from Britannia offering us to ditch our current 5.89% fixed mortgage (until July 2010) with them to take out a new 3-year mortgage with them. No ERC, no arrangement fees - no catch? They say "Well there isn't one. We feel that it is only fair that you can benefit from the recent cuts in…
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A quick mortgage Q please
Ive got a feeling that the answer really is that theres non Ive got a fixed rate mortgage with 4.5 years remaining Im about to start overpaying. Firstly as a lump sum which I can use to either reduce my term or lower my monthly payments. I can them set up a regular standing order to overpay every month I have asked in…
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fd offset mortgage - offset or lump sum payments?
hi, i have a fixed rate offset mortgage with first direct (10 year fix at 5.15% - 9 years remaining). and i make full capital and interest repayments. my question is on overpaying - am i better off making lum payments into the mortgage account to overpay it? or saving the lump sums in my first account, therefore reducing…
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first time buyer ans not a clue where to start!!
Hi Recentley married and ready to buy, we have about 30 grand deposit but am completley swammped by how to start and what is sound advice etc. Also want to enquire how much we can qualify for but worried about how to go about it with credit searches etc. Lastly regarding insurance with mortgage, husband had a brain tumour…
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Ray Boulger: Record low Libor rates and cheaper mortgage
This is an article from Ray Boulger's blog, on the Charcol website. I find his blog quite useful. Hope this is interesting to you. I just need to choose the right time to jump to fixed now...Posted on 5 May 2009 by Ray Boulger 3 months Libor continues to drift gently lower and for the first time ever Dollar 3 month Libor…
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HALIFAX - Average House price -1.7% in April (forecast was -0.9%)
09:00 06May09 RNS-REG-HBOS PLC Halifax House Price Index http://pdf.reuters.com/Regnews/regne...0506:RnsF7475R . RNS Number : 7475R HBOS PLC 06 May 2009 Halifax House Price Index National Index April2009 All Houses, All Buyers Index (1983=100) Monthly Change -1.7% Annual Change -17.7% Standardised Average Price (seasonally…
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mortgage-UK citizen abroad
Hi people situation i'm currenlty living in australia with good employment and am looking into ways of purchasing my parents house in the UK off them at a rather reduced rate with the intention of renting it to them until they find somewhere then rent it out to whoever. (not as bad as it sounds, family planning not me…
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Likelyhood of adding unsecured debt to mortgage
This wont happen until my current fixed mortagage rate has finished in january. Im after currently with westbrom building society and took a mortagage January last year on a house worth £99995 for £89995 over 30 years. So £10000 deposit and 10% equity.Due to apparently parents credit history i am fixed at 7.1% over two…
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Can I have a second residential mortgage?
Thanks for reading this..... I am renting out my property which has a residential mortgage and a letter of consent to let from my mortgage supplier. I am currently a tenant myself, but I would now like to buy another property for me to live in. Am I eligible for another residential mortgage? I am unsure as to whether I can…
