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Portability on Abbey Mortgages
Hi, I've got one of the early lifetime tracker mortgages with Abbey at BBR + 0.5%. Obviously i'm very happy with this deal at the moment. However I am considering moving house, but only if I can take a portion of the current abbey deal with me. I read the mortgage terms and it states that this mortgage is portable. I've…
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Remortgages
I'm coming to the end of a fixed deal with Cheshire and have been offered the following on outstanding mortgage of £77k over 19 years house value approx £150k 2 year fixed at 3.99% 3 year base rate tracker at 3.24% 3 year fixed rate 4.29% 5 year fixed rate 5.09% Otherwise I would be charged the SVR (Currently 2.5%) The…
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Mortgage deal coming to and end, what to do?!
Hi all, I am after a bit of advice. My fixed term mortgage is coming to an end in 1 month. Its on a 150 K mortgage at 5.19% The three options I have are; Fixed Rate 4.99 for 4 or 5 years I dont like this too much as obviously its very high above base (at the moment) Tracker 2.59 above base = 3.09 at the moment, fixed for 5…
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Britannia mortgage?
Hi MSErs We are looking to get a new mortgage after having an offer accepted on the house we like. I am looking at the 4.24% fixed rate with Britannia and wondered if people could please let me know what their experiences are of dealing with this company. I remember reading a post from a broker a month or so ago about a…
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To remortgage or not to remortgage...?
Looking for a wide range of views on the following, please, to help us make up our minds. Currently on a C&G 3-year fixed term interest only @ 4.69%. Due to expire & revert to C&G SVR end May 2009. Currently owe £149k. A few mortgage advisers have recommended remortgaging to a fixed rate fluid/overpayment/offset. Their…
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Repossession
CAn anyone help with a query i have? Just over 2yrs ago i had my home repossessed. My outstanding mortgage was £46k, the property was sold at auction for £69k, what happens to the surplus cash left over from the sale of the property? I was told by the mortgage provider that it was their money as they were the 'owner' of…
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Current salary * what currently on mortgages?
Hi, with the current state of the markets, what is the amount mortage lenders are offering? In the past it was anything up to (and some times over) 3 times your salary. I am talking current property owner, not first time buyer if that makes a difference.
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Current 95% First Time Buyer Mortgages
What is the best 95% LTV mortgage at present (MAY2009) for a first time buyer ?
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Please help,what can i do with my property?
I was a first time home buyer 2 years ago and although my mortgage company did a basic valuation survery (after numerous properties that fell through) I could not afford to get one my self. Now my situation is that on a £150K property (well prob less in current market) surveyors believe that their is about £50K of work to…
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Mortgage - to pay or not to pay!?
Hello All, I am new to these forums and write in the hope that there is a financial whizz out there that can help me. We are new (ish) to mortages and although i try to understand as much as i can, i am a little confused with our current mortgage predicament. In Aug 07 we got a 5yr fixed 85k mortgage and 15k unsecured…
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Confusion on Interest on mortgage statement
I have just been looking at my mortgage statement. I am now feeling a little thick. I understood that a repayment mortgage was one payment per month that covered the interest and capital. Our statment shows interest charged for the period? So we have paid approx. £5400 over the year and they add £2952 in interest so we…
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Mortgage application - how long until approval?
We are 1st time buyers and have applied for a mortgage with HSBC (one of their new 90% LTV deals). Applied a week ago and our application was referred to the underwriters for them to assess before approval (though the advisor in the bank said she couldn't imagine it wouldn't be approved). Does anybody know how long we…
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self employed income quick question
Hi all were going through the application for a morg however hubby is self empployed do i put down the figure he actullay earns everymonth (ie as in cash he brings home) or do i put down what he pays into our joint acc as wages (the rest goes into his own acc for petrole etc) so in a month he may bring in 3000 he will put…
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Protecting personal information
I had a call from somebody at my mortgage company last week; I didn't know them from previous dealings. The first thing they did was start asking me security questions.........I objected unless they told me something about my mortgage that only the company would reasonably know.......we ended up not having a conversation…
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Endowment: Surrender or not Surrender?
I have just had an interesting conversation with my Endowment Provider. I have an Endowment policy which is due to mature on 4/7/2009. This is a 20 year policy for £14,000. The 2008 Bonus notice showed the protected Benefit as £9250. I called to get a projected maturity value which they told me would be £9,600 which…
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+0.24% lifetime tracker or 10yr 4.99% fix?
Which would you choose? I'm on the tracker now but am considering a long term fix. Hope the poll worked, my first attempt.
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end of relationship
Here's the problem. Would really appreciate some advice. Have joint mortgage and relationship has ended amicably. Ex-partner moved out. I've remained in flat and pay the mortgage. This was agreed by both of us as short term measure. Partner now understandably wants to have no financial/practical responsibilities for the…
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Mortgage declined - FTB
I will try and do this as simple as possible. Status – Engaged, private tenant, joint income of £50,000. Me and my fianc!e are trying to get a mortgage and are FTB. We first applied with Abbey National for a mortgage of 127,200. We have a deposit of £25,000 and are looking for repayment over 25 years. We were declined by…
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FTB - advice needed
Hello there Briefly:- My husband and I are looking at buying our first home; this will only be in his name as I am currently not employed (although I hope not to be shortly) and have a less than good looking credit report. We have one baby. We have no debts and have savings of £20k to date. We are looking to purchase a…
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Would a kind broker tell me if I can get a good deal despite owning own business pls?
My husband & I are the two directors in our limited Company (opticians). We have traded since Sept 07 so won't have two years P&L until Oct this year. Our 5 year fix ends in June. We have shown profitable trading and good income from the business and have accounts available to date. Does our lack of two/three years…
