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100% mortgage 2 yrs left to run..need an exit!
Hi, Here is our situation: Flat bought for 175,000 in 2006, now worth around 170,000 (house prices have held up very well in our area). We bought with 100% mortgage from scot widows, we have 2 years left run to on the fixed rate, 5k penalty to get out before then. I rang them to see what are options were as we would like…
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Endowment problem
Just a bit of advice really needed on what we can do. Took out mortgage and endowment policy in 1991, over 25 years so due in a few years time. There's still currently £30,000 on the mortgage, but we have just found out a few things about the endowment. - After 18 years of paying in, it has gained £500 based on what we…
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One Account Ts & Cs
I've just been reading through the new terms & conditions of my One Account, and I am having a major panic. If I'm reading it rightly, they seem to say they can close the account and demand immediate repayment if my circumstances change? Surely as long as I can meet the monthly repayments, they wouldn't be able to do that?…
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How can this be right?
I currently have my mortgage with HSBC and I am looking to move house. The house i wish to buy is £25000 more than my existing mortgage but I have this money in equity and depost. So the mortgage I would require would be exactly the same amount as I have already but it would just be on a property that is worth more than…
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New mortgage neded
A few years ago we got into some financial difficulties after unsuccessfully trying to defend ourselves with an unscrupulous solicitor, this resulted in my wife being made bankrupt. We were able to dissolve the bankruptcy by seeking the advice of an insolvency company but we ended up with a mortgage that has a very high…
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relevant calculators for mortgage costs comparisons?
I'm having a lot of trouble actually calculating possible remortgage deals due to the addtional costs like leaving fees and arrangement fees. ((Eg. is it better to stay with current bank and pay 2.54% + 500$ arrangement fee or move to different bank and pay 1.98% plus 900$ fee (plus leaving fee from first bank)). Is there…
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endowment shortfall after compensation
2 years ago I accepted £3000 in compensation, my endowment finishes in 2 months and I have now been given my projected final figure, if you add on the £3000 compensation it is still some £1000 short of what I have paid in! and of course nowhere near the sum borrowed on the mortgage - anyone know what (if any) steps I can…
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cheapest fixed rate or tracker deals
Wanting some help please from all u good people. I'm trying to help my brother out he's wants to remortgage his house as he needs some money for home improvements. His house is valued at roughly around £110k his wanting to borrow about £25k. What is the lowest fixed rate or tracker deals around at the minute. Ideally he…
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RBS valuation - how long?
Hi We have been approved for an RBS mortgage (2.49% above base rate for 2 years), subject to their valuation. Does anyone know how long it is likely to take them to do this? Some background - £20,000 deposit on a purchase price of £94,500, house was on the market at £98,500, was bought by an investor for £100,000 in June…
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My fix rate's funs out and i'm facing redundancy
Hi i've got voluntray redundancy and i leave on the 20th november but my 2years fix rate runs out on the 28th november i dont know what to do.
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What to do? End of 3 year fixed rate
Hi, I have a 3 years fixed rate mortgage with Leeds BS which ends on 31/10. The mortgage will revert to SVR. The fixed rate is : 4.49% and the new rate will be 5.49%. My current monthly payment is £640 and it will rise to £679.55. The outstanding mortgage balance as of 31/12/08 was £105,189 Loan term was 25 years – now…
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Any mortgage people here ?
I would like to run a couple of things past someone who currently works or has recently worked with mortgage applications. I am not interested in IFAs but rather someone who goes through and knows the ins and outs of mortgage applications received from applicants. Someone who knows about the checks done would be even…
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where should i go for a mortgage of 50,000
I am looking for a new house and aiming to pay around 80% of the price and get a mortgage of no more then £40,000. I can afford to pay off around 500 - 600 per month (650 at a push) and would like to pay off the mortgage as soon as possible - however a hiccup in my plans First of all i am planning to go travelling for a…
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London & Country - Mass redundancies
I was really sad to read in the Financial Adviser how many L&C employees at facing the chop. To have to cut consult with 124 out of 300 staff an alarming sign to the times. I hope all of those involved find new jobs quicky. I know it's hard out there for most industries at the moment and I hate to say it, but I can't help…
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Will capitalising mortgage arrears repair credit rating?
Basically the title of this thread says it all. Got home today to find a letter from Northern Rock (my mortgage provider) informing me that they are going to capitalise my arrears and thus clear them. I must let them know within 14 days if I do not want them to do this or they will do it anyway! If I decide to go for it,…
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Decision In Principal
Hi everyone! My husband and I are in rented property at present but have enough for a 10% deposit on a £100,000 ish home so we saw a Financial Advisor who got us a decision in principal for up to £159,000 from the Halifax. We did some figures and worked out that we can afford the monthly repayments for up to a £110,000…
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Advice on mortgage
Hi there I am about to apply for a mortgage with a partner. Joint income is ~£130K and property is 250K with deposit of 50K. Now what I am worried about is I have checked my credit reports from agencies and 5 and a half years ago during my uni days I had a default which was settled in 2004 for £300. I am worried this will…
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Halifax fixed rate two products
I have just sold my home and have purchased a new one, that I have had to pay extra as its a step up the ladder for me. I can take out another fixed rate at 6.24 for two years on top of my existing fixed rate which is 5.89 for two years, this would be ported from my sold property but now I have two products will I always…
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Barclays annual mortgage statement - help!!
Have barclays sent out annual statements yet? I started my mortgage on 4th September 2008 and have not had any form of statement from barclays and I'm not sure if I should be worried or not please help me, thanks
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Top Up Mortgage
Wonder if anyone could give me some advice My son is 15 months into a 5 year fix with Chelsea BS He has bought a new house and needs 54,000 on top of his existing mortgage Does he need to go to the Chelsea or can he get the top up from another lender His 5 year fix is very high at 6.7 and obviously he would love to get the…
