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Should I buy now or wait
Hi All, I'm in a dilemma as to whether I should buy now (we're first time buyers) or wait, reasoning being: We have about £20K or so saved which is about 15% deposit on a £170K house and the rate I would get would be about 5.8% fixed rate. The issue I have is that when I work out how much interest we will end up paying it…
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A pondering, looks right but I have suspitions
My sister has been told by her BF that he wants to split in Jan when the lease is up on the flat. So come Jan she will be moving back from Leeds to Sheffield and moving Jobs. She is a nurse so I dont see that being a problem. Me and my mum were looking at flats to rent in the area (sheffield and worksop) and the subject of…
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Mortgage Holiday
Hi. I renewed my mortgage with Nationwide last August at which time I knew I was to be made redundant this year. I realised that unemployment cover was likely to be void due to the fact that I knew of my impending redundancy and asked the mortgage advisor about this. He agreed that the cover would be no good but told me…
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Joint Names on Deeds but Sole Mortgage
Hi everyone Can you please offer some advice, Background info: Myself and my partner are first time buyers with a deposit of £126,250. I need to raise a mortgage for the remaining portion of the house purchase cost £112,500 (purchase price £238,750) This mortgage will be a sole mortgage as my partner has cash for his side…
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Barclays withdraw 85% Max is now 80% LTV O
http://www.barclays.co.uk/mortgages/ OMG... the boundaries just keep getting further and further away from me... how annoying!!!! :-( First try to save 5% then 10% now 15% now moving up to 20%... soon i will have 100% of the value of the house... great
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Buying A Repossessed house
Hello Can any body give me some sound advise, I currently have a mortgage in place as a first time buyer, I have found a property I want to buy that has been repossessed. I contacted the agent which had the house and have ben told they will only accept a mortgage with their advisor and are trying to make me see them, even…
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Help- I don't wannbe Mortgage Free!!!
Please help me About a year ago I went 'Mortgage Free', which was a great feeling and I managed to do it just before I got moved to SVR and payments went up. However, I am now feeling a bit flush and am considering investing in a holiday home whilst property prices are low. Not purely for investment, but partly because I…
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Trying to keep hold of existing property and get a 90% LTV
Hi there, Due to the crash I have 0% equity in my existing property, but it has a decent rental yield, so I'm hoping to try and keep hold of it and let it whilst values recover (looking medium term 5-10yrs). My existing lender HSBC will allow me to keep the existing mortgage rate and give me an agreement to let as I have…
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halifax 5 yr fixed up next year
what does it go onto? Is it SVR? Asking for a friend who doesn't know what rate it's on now... but they're IO on 67k and it's 291which is 5% Their site says about 75%ltv but they only have 50% share of the property so is it 75% of that or the whole?
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The likelihood...
Hi, Just wondered if I can ask you guys your opinions on my likelihood of getting a 90% mortgage with a prime lender given my circumstances.... I was discharged from bankruptcy in 2001 and have since gained an excellent credit rating again (been a long 8 years) but I am aware that most mortgage applications ask if you have…
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Getting Documents Certified
Hi, Apologies that this post is in the wrong section - I didn't know where else to put it - but could someone please tell me where one can get a document certified as a true copy? I understand that solicitors offer this service but that it is very expensive. Are there any other people authorised to certify documents as…
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Completion Fee
I am remortgaging my house and as it stands I am being charged a completion fee of £2500 which I have no idea what it is being used for? I have the old mortgage to pay off and a secured loan to pay off. Does any one have any suggestions on the matter? So far I have an admin fee of £295.00 TTF of £60.00 Completition Fee…
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Royal Mail!!!!
Hi all, I had a last gasp shot to get a 5yr fix at 4.5%. The paperwork had to be in by Friday last week, send by us, 1st class recorded delivery, last wednesday, rcved by them today <grr> Needless to say this is now lost. stupid question, but as the RM have costs us about £40 a month for the next 5 yrs does anyone have any…
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HSBC remortgage. Adding ERC to new mortgage
Currently have a couple of mortgages with HSBC with 2 and 3 years left at 5.17 and 6.69 percent. If I redempt now I will fix for 5 years and pay a greater amount back, however I can not get them to agree to add the ERC to the new figures. I will have under 50 percent LTV and take the new mortgage over a smaller period.…
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mortgage applications
Hi, I need some advice. My current deal ends on 31 aug (5.79%) ends in a few months away. The svr will be 4.99%. My ltv is 85% I've applied for a first direct offset 4.09% 3YF and paid the booking fee of £99. but am concerned about being turned becasue the valuation will be too small and thus I wont fit into their LTV…
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Is this the best deal for me ?
Re mortgage for 13 year borrowing 95000 on a property worth around 230000 Been given a decision in principle for a HSBC 5year fixed at 4.34% with a £699 booking fee I think that's the best deal I can find am I right ?
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Overpayments/Savings
I posted this in the other forum but it may have been the wrong place, if not then feel free to delete this! ve posted a similar topic on another forum but if anyone could help i'd be grateful. Me and the other half are both 23 and living in our first place (moved in October 2008). Due to high deposits and so on we got a…
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Best route for extra borrowing?
We can't sell so want to extend our house as we'd like more space. Everyone seems to think that this is the time to build as the construction industry is slack and labour and material costs have gone down. Is this the case? We need to borrow about £40K and already have £30K outstanding on our mortgage and estimate that our…
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Advice re separation & mortgage
I'm after any advice, favourable to me or not, but I do need some help quite urgently.I'll keep the overview as simplistic as possible, and try not to mention facts that aren't really pertinent...and hopefully the advice will be based on the situation as it is now, not apportioning blame etc. My wife & I had to get a 100%…
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mortgage payment drop
Hi, we have a mortgage with MAS NO5 and so far our payments ahve dropped twice since coming off the fixed rate deal. I just wanted to ask that why does it take two monthe for the discount to take affect. We had a letter on 12th june telling us that the interest rate will reduce to 4.05% per annum on 16 june 09, but the new…
