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two very different house valuations for remortgage??
hi all. ok so my mortgage is due for renewal in november so ive started doing a bit of a look around at what offers are on. i went to natwest as i bank with them and they couldnt offer anything that good when they asked me what i thought the house was worth i said £136000 and because i still owe £124000 the ltv was too…
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85% LTV Variable Rate Mortgages
Does anyone know of a provider of a tracker/variable rate mortgage for 85% LTV? We have nearly 90k deposit but the house we are looking at is close to 500k and it seems like our only options are a fixed rate (which is higher at 85% LTV) or a slightly cheaper (but not dream!) house to benefit from a 20% deposit - at which…
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Too much credit available. Myth or fact?
Hi, I've heard that it's possible to have too much credit available and that this can have a detrimental effect on chances of getting a mortgage. I'm currently doing some credit housekeeping as I want to apply for a mortgage soon. Can anyone please tell me whether I should cancel some of my credit cards (I have 3 - total…
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What Mortgage??? plse help
I am a beginer, so plse be patience. I would like to get a mortgage, but is it possable, because i'm on high rate mobility, as too are 2 of my sons. along with income support, child tax etc??? If so, where do i start. I only want something under £250,000. Thx for reading.
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Halifax Arrangement Fee
A couple of years ago I've applied for a mortgage product from Halifax (via a FSA). That product had an arrangement fee, circa £1000. They tried to charge my credit card shortly after the application, but the transaction failed due to insufficient balance (I offered them to charge two cards separately but that was never…
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How to calculate whether to stay in fixed rate or switch now ?
Have a mortgage of £54,000 or so from RBS at fixed 5.35%, am in the last yr of the 5 yr fixed and so the early redemption is 1% (so £ 560). How do I calculate whether it's beneficial to switch to a different lender or stay on this (fixed till May 2010) ? Are there some easy to use web sites/spreadsheets where I can put…
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What would you guys do?....
I have spoken with my financial advisor as my 5 year fixed with Nationwide is up. I have moved to 2.5% and my payment is down from £980 ish to £750ish I was consisering an offset as I have £35k in savings and I might be glad to use this in the near fututre. My advisor has suggested the following to consider: * Buy to let…
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Remortgaging
Hi there, I am trying to move house at the moment and need to borrow a further 50k to do so, my current mortgage is with Nationwide and I am seeing them tomorrow about borrowing the additional money but dont think they will. Is it possible to have a different bank provide a mortgage for the additional 50k and keep my…
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What kind of rate to expect?
Good morning, myself and my fiance are in the process of saving for our first home. We've been having a play with the mortgage calculator on HSBCs website and it seems they will lend us a maximum of £152,000 based on our joint income of £43,000 pa. With a 10% deposit this is at 6.49% for a 5 year fixed. However this…
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Advice needed over repossession
14 years ago, my ex-husband and I were repossessed, due to serious family problems and his inability to work full-time for a few months. We officially moved out of the property, and handed the keys back. After a few months, we received the 'shortfall' letter, saying the short fall between the outstanding mortgage and the…
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consent to lease advice
im thinking about leasing my current house and buying a new one im currently on c&g's svr. if i get a consent to lease , is this pretty much the same thing a having a buy to let morgage ie will i be able to get a consent to lease on my propert and then go elsewhere and get another standard morgage
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Fixed Rate Ending
Hi, We are nearing the end of our fixed rate with A&L on November 30th, this was our very first mortgage, is it to soon to start shopping aroung for a new mortgage? Or should we just wait till November? Thanks
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Getting a mortgage question
If you don't have a good credit rating, is it easier to get a mortgage with who you bank with? I have never had a credit card in my life so I assume my credit rating is poor. My deposit is 15% though. Also another problem I found out is that I am not on the electoral roll since 2006. Are my chances of getting a mortgage…
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Mortgage Provider Refuses To Consent To Let
I am in a 1 bedroom flat, which is too small, with my girlfriend and our baby. We are unable to sell the property, so we decided to try and rent it out. I applied to my mortgage lender for consent to let, as I am on a 3 year fixed rate. They replied, saying they could not consent to the property being let, due to the…
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Under 2 years left of fixed rate mortgage
I'm with a Northern Rock fixed rate mortgage @ 4.89% until July 2011, currently my income is about £18000 plus overtime, loan is about £104,000. When this deal expires will it just revert to the NR SVR (which is 4.79%)? As long as I can pay this, which I should, because it will be a bit less, then will I have no problems?…
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Fixed rate mortgage nightmares.
The thing that annoys me about all the talk of interest rates is that you only hear about the people that are currently benefitting. I recon the government want to try to convince us that we are all better off. You will no doubt recall during summer 2008 interest rates were on the rise befor the Bank of England finally…
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OMG!! Woolwich tracker at 0.9 above BASE rate
So went in for the meet cos our fixed rate has ended all ready to thrash out massive fees for 4.something rates. We had the biggest surprise. We automatically fall onto a tracker with is 0.9 above the current 0.5 base rate 1.4%!!! my mortgage is less than £200 at the mo so we are overpaying and Im so happy *is redundant at…
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How Do I Remove and ex-boyfriend from the mortgage?
I took out a two-year fixed mortgage deal with my now ex-partner (we were never married) that expires at the end of this month. We both wish to remove his name from the mortgage and transfer it to my sole name. He does not request any monies. He moved out 11months ago, and hasn't contributed to the mortgage since. I have…
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First time buyer wants to know whats the best mortgage options with father investing?
Hi, I'm looking at purchasing a house valued at £105,000. I'm employed on a salary of £28k and have a good credit rating. My father is 62 and is on sick pay. He also has no mortgage. I have £4000 in savings and wondered whether it would be best to borrrow the money off him to make up the 10% deposit or get him to come in…
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Don't go to Britannia through Sharetobuy.com. It's a pipe dream.
Sharetobuy.com: It's 90%. You're eligible. It's 90%. You're eligible. You're not. You are. You're not. You are but its now 85%. You're eligible. You're eligible. You're eligible. Britannia: You're eligible. You're eligible. You're eligible. You're not. You are but it's now 75%. Unbeknown to you, your ex defaulted on 2…
