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Are we being conned?
I have a 5 year fixed mortgage that I took out with the Abbey in August 2007. This was at 5.89% on an interest only mortgage and at the time the base rate was 5.75%. At the time when I took the mortgage out with the Abbey (probably in June 07 ish) this was the correct thing for me to do. Obviously in hindsight I am kicking…
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Switch to Fix?
I have a CAM (current account mortgage) with Virgin. Its a variable rate (3.79%) and affords me the opportunity to overpay/underpay at leisure, and overdraw against my "facility" if I need to get at cash quickly. Clearly rates will rise at some point and I would like to take advantage of a lower interest rate now and in…
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Who Can Give Us A poor credit Mortgage
Hi every body I am new to this site, and was hoping that somebody out there has an answer to our problems. My husband and I hit dire financial straights about a year ago, ended up with two defaults on out credit file,giving us a poor credit score. We also had a months arrears on our mortgage 7 months ago, which we have…
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found a house, needs lots of work, how to get the extra £??
Hi guys, Im new here, first post is a bit of a mouthful, forgive me :) we have found a house, it was a repo and has been gutted. Structurally it seems sound, it is just in a mess, carpets, decor, internal doors etc. The price is fair, however i will need an extra 25k on top of the purchase price (this includes my 25k…
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90% LTV First Time Buyer
Who's got the best rates at the min.......am drawn to Nationwide.......
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Fixed rate finished, want to remortgage and move house
4.99% fixed rate has now finished on Northern Rock so now on a 4.79% SVR. Looking to move to a new house and unless northern rock will offer me an increase on current mortgage of £20k ish and let me stay on their 4.79% :confused: i'll have to remortgage. Would I be better going onto a rate like the Woolwich @ 4.09% for 2…
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northern rock
hi i dont have a great understanding of mortgages so please be gentle... my broker is saying the best deal out there for a tracker is with northern rock at 2.59% it does have a £995 fee.. is this a good deal for a tracker? thanks all
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Dilema - Loan V Endowment
I have an Endowment with Clerical Medical ( with profits )? for £25,000 I took it out in 1992 for 25 years.its due to expire in December 2017 I pay 34.75 per month and have paid in a total of £7089 and by December 2017 I will have paid a further £3336.00 I rang yesterday to get a surrender value as we no longer need it (…
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Help! Mortgage transfer after death
My wife sadly passed away but was Tenant in Common with a friend. Half of the deed of the property is now in my name but the mortgage is now legally the sole responsibility of my wifes friend. I am the only one living in the house and would like to continue to do so, I would be considered a first time buyer. The house is…
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Mortgage just passed 3yr fixed term last month
I have been looking for another mortgage deal since my current 3 yr fixed term @ 4.94% was due to expire at the end of Oct 09. I have called a number of banks for a newer 'deal' but have had no luck on keeping costs down. I have now moved onto a variable rate of 4.99%. Could somebody advise of a mortgage broker I could…
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Struggling to find mortgage deals
Hi All, My current tracker deal ends this month and my interest charge jumps from 1.67% to 4.99 (SVR), and the best they can offer is 0.4% discount from SVR. My outstanding loan is around £139k at a property value of £157k (my current provider has said they will retain valuation at purchase). Now, the loan to value on this…
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Application fees wrongfully taken from us
Hopefully I am posting this in the right section, I was promised a Mortgage with Abbey National, after giving all information over that was required, which took 4 weeks, I was informed on Monday the 9th November, that they needed bank statements to prove my wages going in, I am paid cash each week, so my Mortgage Advisor…
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vendor gifted deposit
Hi all looking for a bit of advice please, sorry it's an essay but I thought it would be better to get the whole picture :D I am trying to buy a house that has no bathroom. It was marketed at £52k, I offered £48k which was accepted. I have a mortgage in place with Yorkshire Bank that is 95% LTV. Yorkshire bank's higher…
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FSA Ruling on Mortgages re. GMAC RFC
I've just had a letter from my mortgage company, GMAC-RFC, concerning past charges. Back in 2006, my husband and I went through some real financial difficulties when our company failed. We ended up getting a lot of financial services charges, for pretty much everything! 3 years down the line, and most of it is sorted. Our…
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re fees to finacial advisor
Dunno if this is where I should post this, I would appreciate some advice on the matter.When my remortgage was completed the excess cash I recieved was immediately used to clear all my credit cards.Three days later I recieved a call from my finanial advisor who had arranged the mortgage that the solicitor handling the deal…
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Woman wakes up to find intruder next to her
Imagine waking up to find the person next to you is not your husband but a robber. That was what happened to a woman who fell asleep in her living room while waiting for her husband to return from work. When she woke up, to her horror, she found that the person next to her was in fact not her husband but an intruder. The…
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Moving house before applying for a mortgage
Hello everyone, I'm a first time buyer and currently searching for a property. I have a good credit file but I moved house about a month ago (From a rented property to another rented property). I lived in my previous address for almost 2 years. I'm afraid this recent move might effect my credit score therefore my mortgage…
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Breaking up with partner - need advice
Hi All, Me and my Girlfriend have bought a property together and have two young children, unfortunately its not worked out how we wanted between us and at the moment ive had to move back to my parents. we both need to move on and unfortunately we cant seem to see eye to eye and needed some advice on where we stand We have…
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Help needed with mortgage for accomodation for student daughter
Help please! We would like to buy a flat for our daughter to live in at uni. We know we need an HMO if there are more than 2 in the flat & her name isn't on the mortgage. If we get a mortgage & get her included on the deeds & mortgage we know she could let out 2 rooms. What we need is advice on who offers suitable…
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Accord Mortgages - Increasing SVR?!
Received some wonderful news from Accord Mortgages today.. despite the LIBOR dropping and the continuing low interest rates, they've kindly decided to increase their Standard Variable Rate by 0.65% from 5.34 to 5.99%, adding £39.12pcm to the cost of our mortgage, although payments will commence from Mar 2010. Obviously my…
