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Mortgage offer question
I have a mortgage offer from the Halifax. It is set to expire on the 31st Jan 2010. It looks like the house I am buying will still be under construction at that point (still a patch of dirt at the moment). Now the product we got from Halifax is being discontinued. My question - Can I change the product before the Mortage…
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MAS No.5 - Unethical Mortgage Interest Hike?
I have received a second letter from MAS No.5 in 3 months announcing another increase in their interest rates on our mortgage. I challenged the first increase of 0.75% as the Bank of England rates have remained static for some time now ad received a 'this is not linked to the BOE base rate or LIBOR rate' and 'we are still…
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which mortgage should i choose?
My fix rate will be end in March. Not too sure which type of mortgage i need choose again, is that fix, variable or track?? Can somebody give me some advice and any prediction for the coming year?
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Abbey - mistake or discrimination?
Hello everyone, hope you are ok. 1. In January 2009 we have decided to buy new property under 50/ 50 New Built Home Buy (First Time Buyers Initiative) Scheme. It was a shared equity scheme ran by Government, available for people with low income to let them make first step on the property ladder. After meeting with…
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Transfer of equity after break-up, but it's tight...
Hi, I recently split from my partner. We have a joint mortgage. She has moved out. She has stopped paying 'her' share of the mortgage. She invested the 10k deposit into the deposit. However, we are still in negative equity at this time, to the tune of about 6k. I have looked into a Transfer of Equity with Nationwide. They…
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Pls help me calculate capital payments
Hi, We currently have a repayment mortgage with a tracker rate currently at 0.74%. Could somebody tell me how to work out how much of a monthly payment made towards this mortgage will go towards capital rather than interest? The reason we are asking is that we have sold our house, and we may have to go into rented for a…
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Think i have been misled on my mortgage
Hi, If anyone can help would really appreciate it. I have taken out a mortgage with platform home loans via a broker. The offer i had was for a 2 year fixed, yet just days before the sale went through they changed it to 3 years fixed. Do i have any comeback. I emailed the broker recently about this, she said she would look…
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GE Money - Second Charge Repossession
Our situation is now pretty desperate, but I thought that in the interests of leaving no stone unturned, I would throw our situation open to the combined grey matter of the forum readership in the hopes that someone will have a brilliant suggestion that we've not thought of. Basically as of 22nd September we had a 56 day…
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remortgage
hi, my fixed rate deal ends next month currently paying 6.8% will go down to 2% but as i am continuing with my existing lender should i be shopping around?
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Nominal balance on mortgage
We are looking to clear our mortgage but have been told we can keep a nominal balance on it (£1), interest free. Does anyone know the pros / cons of doing this, please?
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Will I lose my booking fee in 3 months?
I just applied for a fixed rate mortgage with NatWest. The credit scoring was successful and paper work is on its way in the post. However I'm worried that I have made a mistake! At the end of the phone call I was told the booking fee of £499 is non-refundable and is only valid for 3 months, and that I would lose it if I…
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remortgage to buy shares, allowed or not?
hi all, i want to remortgage my house on a interest only mortgage to get the maxium cash out of the equity in my house. its worth £350000 with a £140000 mortgage, so i was thinking roughly £100000? then i want to put it all into the stock market emerging markets, obviously waiting a few months untill the current bubble…
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Looking for Derelict / Self Build Mortgage
Hi, I'm looking to buy a derelict house which has planning permission for a fairly big extension, so it's going to be a cross between a renevation and a self build. Does anybody know where I can find a mortgage for this. Thanks.
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Aviva Endowment promise
We have 4 years left on our Norwich Union ( now Aviva) Endowment. Assuming investment rate at 6.0%, we will have a shortfall of £12,000. Our Red Alert letter then goes on to say- 'We may make a top up payment from our Mortgage Endowment Promise, providing the investment return on our free reserves is sufficient. Your…
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Help: Second mortgage and a first time buyer
Help and advice please. I am 28 and earn £23,000, my partner, 30, works in sales earning £7000 basic plus commission, last year earning £19,000 this year on target to earn £20,000. I brought a house last year £150,000, i borrowed £95,000 and put £55,000 deposit down by myself. I am going to be renting this out in the next…
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Mortgage after redundancy?
Hi all I'm looking to purchase my first property and have about 38% deposit. My worry is that approx a month ago I was made redundant BUT re-employed by my same employer under another company. So I have only been in my current job for three weeks. Will this stop me getting a mortgage in terms of not being able to provide…
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Move motgage lender or stick?
Hi All I'm in the process of selling my current property (£185,000) and purchasing a new property (£280,000). My current mortgage is £78,000 (is portable) and is fixed at 4.89% until 06/2011. I'm just thinking is it worth increasing my current mortgage to £155,000 through my current lender which would equate to monthly…
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Lent too much?
I have a mortgage with northern rock which i took out 3 years ago. I wanted to borrow 107,00 to buy my property but was told i could only have 95,000 but could have an additional 26,000 as an unsecured loan. Now in light of all the unlawful lending i am now worried that i was lent too much money. If i was unable to be lent…
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what happens now??
Hi there I have my mortgage offer through and am now starting to relax and sort out buying the items needed for the house move. as I am a FTB I have never went through a mortgage before and am just wanting to check if I am ok to be relaxing now or do the mortgage company still need to do any check or anything like that.…
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highest lending amount against income ?
hi, what is the best we could hope for at the moment, calculating what we can borrow regarding income, i know it has fluctuated between x3 and x6 over the last few years but what is it like at the moment, thanks all
