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how to get rid of a falling down property!
PLEASE PLEASE HELP 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…
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Withdrawing a mortgage application - Part 2!
In going over problems with our existing mortgage application, my husband and I have found an alternative mortgage that we would much prefer to go for. Can anyone please advise what the implications would be if we simply chose not to proceed with our existing mortgage application (or withdrew it?) and made a fresh…
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Mortgage consolidation ? or not? advice
Hi i am on a fixed rate which is due to run out in november the rate is around 6% ...so i'm paying around 720 for my mortgage. but i also have about 12,000 debt in creditcards/ loans etc but i am struggling to meet all my finances each month. I phoned a company who are going to try and set up a consolidation for around 750…
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I just don't get it someone please explain!!!
Okay I don't get this... How does pay extra off my interest only Mortgage reduce what I owe cause the surely the initial loan will still be £44,500 which should but won't be covered by my endowment............. So sorry I sound thick but I just do not grasp the concept. Someone just please put me out of my misery and…
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Fixed Interest Rate Rises ?????
On the Thisismoney.co.uk Web site it says that most experts believe that Fixed mortagage rates will rise soon. Any thoughts please on the following: Is this correct. Why would this happen in the currect situation. Many thanks
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Wanting to buy a house, but have no deposit any advice??
myself and my partner currently rent a property and looked into the 75% 25% scheme, however the property we viewed was the last plot and the sales advisor had double reserved the property in error hence we then lost out! now there are no other deals apart from the homebuy scheme through the government which we are on a…
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Withdrawing a mortgage application - what happens??
We have an application for a 5 year fixed rate through a mortgage broker which has begun to seriously concern me. My husband and I jointly own a small percentage of shares in the company which we run and of which we are directors. The lender has done a search on us and is accusing us of owning twice the number of shares we…
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Nationwide tracker ending
Hi i am a novice in the mortgage game and purchased my first house 2 years ago and was lucky enough to take a tracker out with the Nationwide which ends in a couple of months,i have looked at the documentation and noticed it now reverts to the BMR which is 2% over the bank rate.This looks very good to me ,i have a mortgage…
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HSBC 10% Deposit
Just seen on moneysupermarket a HSBC Mortgage of 5.49% with a 10% deposit, and an arrangement fee of £199. Am I really upto date or am I way behind everyone else???
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please help!!! interest only ??
Hi Basically im in alot of debt and i am struggling to make payment each month on mortgage loans credit cards etc, as of yet i have not missed any payment but we have recently done a budget planner and worked out are outgoing which suprise suprise is more than are incomings. Anyway we have woke up in a mightmare and want…
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Mortgage brokers/advisors
I was recently contacted by a broker. I was refered from a comparison website. I do need to remortgage as my fixed term rate expires in September. Questions: Who pays this guy, me or the eventual lender? If the lender do they stick his fees on my bill somewhere? Will I get an initial consultation free? Can I then just…
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Do overpayments come off the capital or interest?
Hi All, I am consider the 3 year fixed deal with YBS, which has a 10% annual overpayment option. When you make an overpayment, does it all come off the amount you borrowed i.e. the loan, the interest or a proportion of both? Cheers all, Stu.
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First Direct Offset question
I have made a decision (I think!) to take a First Direct offset mortgage. I am new to offsets, considering the 2.99% 2 year fixed rate. My question is this: I can set up a repayment or interest only mortgage. Is there any benefit in having a repayment mortgage as I could just have interest only and let the balance in my…
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Mortgage Novices
Hi All, We have always rented in London and are planning to buy our 1st house. We are finding the mortgage market very confusing and can't decide which mortgage product is most appropriate for us, and what deal is best value. By way of background we have built up a large deposit/savings and are looking for a 155,000…
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Moving home: Cannot sell old house: Need to buy new house: Please advise
I have moved home due to a change of job and am now living in rented accommodation in the new area. I am keen on buying here but need to sell my old house to get enough money for the deposit on the new one. The old house has been on the market for 8 months with no offers. My mortgage is with Nationwide (House Value:…
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Buy to Let - WHICH mortgage ??
Hi all :rolleyes: Before the questions, an over view (sorry it's long !) Bought my small 1 bed terrace for £46,500, 12 months ago. Have completely refurbished and just had value at circa £68+k. At the same time the property next door was also completely gutted, is now finished, and has a couple in it, renting from owner,…
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First Direct Offset Mortgage
Hi Can anyone give us some advice. We are in the market for a new mortgage. Looked at the FD Offset mortgage, looked really good. Want to do a Capital & Repayment not an interest only though. They only offer interest only mortgages. Over the phone they will give you mthly payment figures which would equate to a C&R…
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Halifax mortgage problem - permission to let flat
Hi, thought I'd post my little tale of woe here, firstly to see if anyone has any opinions/advice (I'm going to seek some professional advice, but there seems to be a knowledgeable bunch on here), and secondly I just want to get this off my chest. Late last year I visited my mortgage advisor with two questions: (1) What…
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help shortfall on intrest only mortage
Hi my problem is there is a shortfall on my endowment policy and my mortgage is interest only. I somehow have to find 23,000 by 2016 Do I increase my payments to the endowment or do I use a savings account, or pay extra to my mortgage company and reduce the interest. I really do not know what to do for the best Many thanks…
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Reduce interest by delaying tax payment
Hi could the mortgage advisors please help me on this. I have an offset mortgage with the One Account. I am a contractor and I'm gonna set up a limited company in the next few weeks. I've been asked when I wish to pay my tax to hmrc. I'm guessing that I can pay the tax at the latest next January. So instead of the tax…
