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Paying off a lump sum - options
Hi - this is my first post so please be gentle! :o I am wanting to pay a lump sum of £20k off my mortgage which is currently about £60k. I have £23k on a fixed rate of 6.49% and if I wait until 1st Feb then I would incur an early repayment charge of £472. The rest of the mortgage is on the Halifax Standard Variable rate of…
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intrest only mortgages
I have a intrest only remortgage which is due to finish when I am 65 in 7 years time. At this time I have not or have not worked through illness. I receive a monthly sickness/redundancy payment from an insurance company which will finish when I'm 60 in 3 years. Now apart from the obvious and selling up what can I plan for…
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Standard Life SVR
Im coming out of a 2 year fixed rate deal with Standard Life. They tell me that I will revert to their SVR of 5.34% and that no new mortgage products are available to me. I asked them wud their SVR change to Barclays/Woolich SVR in the near futrue - they cudnt answer that anyhow is this SVR bad and shud I switch to another…
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Can I get 2nd mortgage
Hi, I've recently moved out of my mortgaged property to move in with my partner. As I'm now renting my property to a tenant - my mortgage has been changed to a buy to let by permission of mortgage lender and payment of a standard fee. My partner's property is mortgaged but we are planning to put this on the market to sell…
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Overpayments and mortgage lifetime
I already posted this in the Mortgage Saving Wannabe forum, but on reflection that was probably not the right forum. There's no move or delete option for the post, though, so here goes:- I've a tracker mortgage which I've been overpaying each month. I requested that the overpayments should reduce the life of the mortgage…
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Recommendations for mortgage broker please - Nottingham area
Hiya all :) I am looking for an independant mortgage advisor in the Nottingham Area (West Bridgford, NG2). Has anyone got any decent recommendations? Thanks x
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Capstone Mortages
Hi, We are due to come out of our fixed period with Capstone Mortgages and i am concerned our payments might go up. I have gone through our paperwork and it says our mortgage will run at 3.14% above the LIBOR rate. Having gone on there website i see this rate is currently at 0.61%. So would this mean our mortgage payments…
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Nationwide Mortgage Application - How Long?
Anyone give any adviceon how long Nationwide usually take on full mortgage application?
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1st time buyer - Need advise on whether to go for Fixed to Tracker
Hi All, Looking for some advise on which mortgage to go for. Looking for a house in the £300,000 range. We have £150,000 in cash, so require a mortgage for about £150,000 depending on the final value of the property. However we are not sure whether to go for a fixed rate deal or a tracker mortgage. As we have a large…
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Mortgage application with overdraft
Hi, I'm applying for a mortgage with my girlfriend. We are first time buyers and earn £50k between us. We only want a mortgage for £135k. I have an overdraft for £1800 which I am in. Will this affect us getting a morgage or do lenders just look at whether you have a stable income coming in? Any help would be greatly…
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Advice on Offsetting Mortgage
Good Morning We currently have an IF Offsetting Mortgage which as you probably know is now closed to new applicants and no longer carries any deals as it is a legacy product. We've always been happy with IF and offset our current accounts, savings and ISAs against a small mortgage. Recently we have come into some money, an…
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residential to BTL or 2nd residential mortgage
Hello all I bought a flat a couple of years ago down in Poole when I was single (yes in hindsight buying at the top of the market was not a great idea!). Since then I've moved back to London and recently got married. The flat in Brighton is currently let out. I was lucky in getting a great deal for my mortgage: 0.3% below…
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First Home Buyer and LTV
This is more a discussion point although I am happy to be pointed in the direction of some decent deals if anyone knows of them. As a prospective first home buyer I continually get frustrated reading articles in the mainstream press about 'mortgage sales'. Most of these mortgages come with a LTV of 40%. This amount is nigh…
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Local mortgage advisor recommendation
Hi, My partner and I are looking at buying a house sometime this year, and have come to the conclusion that we need to speak to a financial/mortgage advisor before heading into estate agents etc. We have a rough idea of how much we are looking at, and want to buy in the Brighton area. Does anyone know of any decent…
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2 year or 5 year fixed rate mortgage?
I am a first time buyer and have had an offer accepted on a flat. I have decided I want a fixed rate mortgage, but can’t decide whether to get a 2 year or 5 year fixed rate mortgage. The mortgage is with Alliance and Leicester, and have worked out the following should be correct for my mortgage (borrowing £80,000): 2 year…
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mortgage comparison sites
Are you aware of good mortgage comparison sites? I've come across one called todaysbestmortgagerates.co.uk that seems quite good. Anymore like that?
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Woolwich Withdrawal Fee Advice
Just really checking to see if anyone can advice re a situation a friend has found themselves in. I have put in my twopenneth worth but am now questioning if my reasoning is correct. They applied for a mortgage with the Woolwich, provided all the information and supporting documentation they were asked for, checked their…
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Personal Loan As A Deposit?
I am in the unfortunate situation where I currently have zero deposit and being realistic it would take me approx 3 years to get the £20k deposit I need :( Would it make sense to take out a personal loan over say five years for the deposit amount, paying interest only repayments on the mortgage for those five years and…
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Mortgage broker West Wales??
Hi does anyone know a good mortgage broker who knows what they are doing in the West Wales area please? We were put on a mortgage to get on the property ladder and seem as though we are paying over the odds on a silly scheme. Thanks
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Remortgage anxiety
We hae a mortgage of 75/80percent of LTV of property (approx 250,000). Since we took the mortgage out 4 years ago we have never had a difficulty making a payment. However, my partner was made redundant a year ago and our current fixed rate with the Abbey/Santander is up in Feb. If we remortgage with the Abbey/Santander and…
