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Estate Agents know how much I can spend! What should I do?
Me and my partner put an offer in for a property at a Dixons agents in Birmingham. The offer was rejected, but the agents said that she was told buy the Countrywide Mortgage advisor (in house) that my partner could possibly borrow money. We previously discussed this with the Mortgage advisor who kept bringing up that…
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Mortgages & Cancer Diagnosis
Does anyone know how having a cancer diagnosis would affect us getting a mortgage. From what I can gather it will but will it totally stop us ??? My partner works full time and I am on contribution based ESA and hoping to start part time work soon. Partners wage alone wont quite get us the small mortgage we need and we…
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Accord reduces rates - but is this only the first reduction?
Following the Woolwich etc moves recently, Accord has finally made a magnificent 0.15% drop in rates: http://www.accordmortgages.com/about_us/news.html#091012 My renewal with them is due in February and I could apply for one of these fixed rates now. I am wondering whether it is worth waiting till closer to the time to see…
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Are the endowment warnings a bit of a con?
Our mortgage is backed by 4 different endowment policies, taken out over a number of years by dh and I, 3 of them before we met/married, the last when we bought this house 10 years ago. Now over recent years we have had the usual warning letters that these policies may not reach their predicted values etc etc, and inviting…
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Mortgage coming up for renewal. Help please.
Hi all, I'll start by saying that I'm not particulalary converse with the world of mortagages. The reaon i'm posting is to see what my best options would be in reference to my mortgage deal coming out of its fixed term. I am currently with the Halifax and have been on an interest only, fixed 5 year deal @ 5.9 %. This is up…
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Please advise on the cheapest way to get rid of our mortgage
Hello, my partner and I have had a fixed rate Northern Rock mortgage for the past two years. We now have a new house (a long story) and want to get rid of the mortgaged house asap. We took out a 100% mortgage (I think part of it was a loan for 5k) and also the property has decreased in value by about 15k. My partner…
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Mortgage Refund in Error
I have just received a letter from Nationwide declaring that in 2007 they sent me two mortgage refund cheques for identical amounts that were cashed. They claim the second was sent in error and now want me to reimburse them. I believe that this was at a time when I transferred my mortgage. Any advice on how to take this…
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Will car payments effect mortgage?
Just a quick question. One of our cars recently decided to give up, so we're shopping around for a new one. We're looking at one which will end up costing £145 p/m for 3years @ 0% finance. Will this have a big effect on the amount of mortgage we can borrow? Thanks
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Policy Plus query
I'm in the process of getting rid of an endowment policy and, having got the surrender value, I've contacted a number of TEP companies to see if they can better it. All of them (with the exception of Policy Plus) have requested the same information to be filled in on an online form and then gone off to see what they can…
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Unpaid endowment policies been made "paid up"
I was wondering whether anyone could advise me what this means, and what we can do about it? During the financial meltdown that happened to us last summer we stopped paying premiums on our two endowment policies. We thought about selling them as they were underperforming anyway but this turned out not to be possible with…
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Endowment - smoke free!
Hi, I have an Axa Endowment Assurance policy for a portion of my mortgage, running since 1999 and it has always been near enough on track, so I have kept it. I stopped smoking over 18 months ago and sent a copy of my NHS 1 year stopped smoking certificate to Axa for them to acknowledge and expected them to adjust the life…
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Mortgage Advice w/ New Build
We've been searching for a house for a while now, we are first time buyers. We recently went to see a development that has been running for about 2 years, with about 1 or so to go. The house we're interested is a townhouse (end) 3bedroom, 3storey. It was priced at 175k, but said she could lower the price to 165k, with 5k…
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morgtgage offer - next step
After finally getting a mortgage offer:j, I have called the solicitor and searches are underway etc. My question is - we borrowed a bit more than required to buy the house to do some work on it. What happens to the money - does it go to the seller straight away or does the solicitor hold the mortgage amount and divide…
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Why was I refused Home Owner Mortgage Support..
I read all about the government's Home Owner Support scheme and was sure I qualified - I experienced a recent drop in income that has set me back and left me in arrears mortgage-wise, but the situation is temporary; mine is an interest only mortgage; though I'm behind I've been keeping up some level of payment; etc, etc.…
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Taking on Joint Mortgage Alone
My husband and I have been separated for three years, although we still jointly own the house where I live with our children. Although the mortgage lender has been informed of our living arrangements, I have been paying the mortgage from my account for the last fee years and have never defaulted. I'm vaguely wondering…
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please help! credit rating pain!
Myself and my girlfriend are looking to get a house together and we have found one we like and have been to see a broker about setting up a mortgage. We have found a five year fixed rate with the Coventry Building Society that sounds like the ideal mortgage to us (the house we are looking to buy is in coventry), and we…
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Mortgage payment spreadsheet
A little while ago I downloaded a spreadsheet from this site which enabled me to play about with the metrics of a mortgage + savings to see what the effect would be. I am currently looking at whether I can afford 2 mortgages (one of which would be in my parents name), my current mortgage is an offset and the spreadsheet…
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joint mortgage
I have a joint mortgage with a family member. I have been paying for the Mortgage for the past 6 years, but I can't no more. She doesn't want to sell or pay for it. she also has an equity line on the property. Do we both have to agree to be able to sell it?
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Abbey - misinformed?! Advice please
We want to move house. We don't want to borrow more just keep our mortgage the same, using the same product due to £5K in early redemption charges. Before applying for the mortgage or putting in an offer on the house, I contacted Abbey to ascertain that we had the correct loan to value (LTV) required. I was advised that we…
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Cheapest variable interest rate
Which MSE has the lowest variable mortgage rate? I'm now on Bank of England base rate + 0.75% for the duration of the mortgage with no tie in's. I'm now paying 1.25% interest per month. :j I was tied to base rate plus 0.25% but that expired 3 years ago. Can anyone beat that??
