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Abbey and Nationwide Mortgage rates
We have two fixed rate mortgages, both of which end in September. Nationwide on our own home which reverts from 4.64% to 2.5% and Abbey on a flat for my mum which reverts from 6.29% to what? I cannot find out what the rate is........we have had this mortgage since sept 2007. Can anyone help direct me to where I can find…
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How much can i borrow? - Self employed.
Hi, I dont know if anybody will know the answer to this question or not but I need to basically know how much I can borrow. I know it goes on my net business profit but I also pay my wife a wage of £100 per week. This is the maximum per week without it affecting tax, as told by my accountant. This is her only job and does…
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Help....
Hi I am first time buyer wishing to purchase my Council Flat as a stepping stone onto the market...I have been to bank my finances are great, no debts but my credit rating is pants....Any advise to overcome this problem would be appreciatted....Many thanks in advance
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Credit checks for FTB...What to do????Help
Hello, I need serious help. A few months ago my partner and I looked at a mortgage and how we go about getting one and a credit check was done without us finding a house, but our score was ok. Something TSB should not really have done, but they showed us the Key facts information sheet. The next credit check was with…
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Any indep mortgage advisers here?Help needed..
Hi All, me an my family have got an unusual situation - trying to get enough funds to buy a property, hence if any advisers could pm me i would be greatful... Many help in advan:confused: ce
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Please,mortgage opinions needed,FTBs
Hi all, Weird and wonderful story attached to this but I'll cut to the chase for now :rolleyes: Had offer accepted on a property at £169500. We can put down 20% deposit, perhaps even 22.5% if it were possible. We are contacting our mortgage adviser tomorrow morning to get a mortgage arranged - we have an AIP but suspect…
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100%/Neg equity re-mortgage??
Hi all, I am due to re-mortgage in June 2010, so just under 10 months to go, but thought i'd ask in advance to see what ppl think! We have a 100% mortgage w/Abbey on a house be bought at FTBs valued at 145K. Obviously, due to the slump, we've lost some of the value - approx value now at 130k, alhtough we are in a growth…
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MSE news: Lenders accused of ruining mortgage applications
This is the discussion thread for the following MSE news story: "Mortgage lenders have been accused of harming borrowers' chances of getting a homeloan by ruining their credit records. This is at a time when lenders also stand accused of profiteering from mortgage sales by charging homeowners far more than it costs them to…
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Mortgage Monitor
I have been recommended to use Monitor for my existing Halifax Mortgage. They seem very helpful. Comments please
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Mortgage Overpayment & Low LTV
Hi There Our mortgage is with BoS, 6.29% fixed until March 2009. Balance outstanding is £160k. We have saved £10k (specifically for the mortgage) and are wondering should we pay this straight away to the mortgage as interest is calculated daily or should we hold off until we remortgage and remortgage for £150k come March?…
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Disability living allowance and affordability
Myself and my wife have a 5 year old son with aspergers and we receive £380 per month disability living allowance. We are both in full time employment and would be looking to move in around a years time when we have increased equity in current house - luckily we are now on SVR of 2.5%. When we come to move, will our…
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Can you draw on mortgage before completion?
Hi, I was hoping those in the know would be able to help. We are currently getting an application for a mortgage for an off-plan new build that is *due* to be finished and read to move in to in March 2010. Our broker has explained about the mortgage offer lasting for 6 months from when we agree on the mortgage. We…
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Mortgage - what do i do with a lump sum
Hi, I am about to leave the forces and will get a £40k lump sum payment. At present I am in a fixed rate mortgage with Northern Rock and owe approximately £157k. This is fixed until Apr 2011 and has an early exit fee of about £4.5k. My question is, given the current climate, what shall I do with the lump sum? The way I see…
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What are my chances....?!
Hi all, I am due to re-mortgage in June 2010, so just under 10 months to go, but thought i'd ask in advance to see what ppl think! We have a 100% mortgage w/Abbey on a house be bought at FTBs valued at 145K. Obviously, due to the slump, we've lost some of the value - approx value now at 130k, alhtough we are in a growth…
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On death mortgages
Hi im a newbie on this forum so please excuse any mistakes i may make. My elderly parents would like to move to a bungalow for heath reasons, they currently own there own home that already has a very small mortgage on it ie under 30,000, they would need to get a small mortgage to be able to move to a suitable bungalow in…
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MSE news: Number of property repossessions soars
This is the discussion thread for the following MSE news story: "Over 24,000 families had their homes repossessed during the first half of this year, it was announced today. The Council of Mortgage Lenders (CML) expects a massive 63% rise in repossessions this year ..." Read the full story: Number of property repossessions…
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fixed vs variable?
I'm currently on a good variable rate 2.5% and am about to fix for 5 years at 5.19% and am now having seconds thought if I'm being a bit premature. Reading some of the other threads there are strong opinions that rates will stay low for a long time and fixed rates may even come down. Any advice?
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Significant deposit, low income
I currently earn about £40k a year and have savings of about £350k. Looking for a mortgage - I want to borrow as much as possible and ideally would like to put down 30% on a £500k mortgage - are there any lenders ot there who can provide this with my income level
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Endowment policy your views please
Hi I would really like your opinions on the subject of endowment mis selling. It goes back to my father, (we were having a discussion about this site last night) and he said he wished he knew about Martin's site prior to accepting a payment from his mortgage company. i asked him what he meant and basicailly the story is he…
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Right to Buy
I’m thinking about applying to purchase my flat from the council. I know that if I were to sell the property within the first five years of buying it I’d have to pay back the discount I’ll receive, but I was wondering if there was any reason why I couldn’t buy it and then rent it out straight away. Any thoughts?
