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Home mover mortgage with current lender help please
This question may well have been asked before, so I apologise in advance. I have just recently remortgaged my current home to a new fixed 2 year deal, back in October 2009. Now, the house we have dreamed of has just come onto the market, which would be our "forever home". This has gone on sale for £300,000. Our house is…
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Overpaying our mortgage
How much is a worthwhile amount to overpay your mortgage each month? is there a point in paying say £5 or are we better off paying more..or are we better of saving a big chunk and doing it that way? We have a maximum of £999 each month we can go up to. It is fixed. Thanks
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Mortgage for swedish property
Hi Anyone know of a UK bank who will lend money for buying property in Sweden? By the looks of their websites, HSBC, Lloyds etc concentrate on the more "popular" countries like Spain and France. It will be a holiday home initially but eventually we will be moving there. Thanks
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20year or 25year mortgage?
what would you chose. it works out 100pound a month more roughly for a 20year mortgage? the end of this year i want to be looking for my own place. and ill still be saving each month once ive moved out to make a big payment after the morgage term. but just wondering if its worth going for 20 years to help pay it off…
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Non Status Mortgage Advice
I have a non status mortgage - from Birmingham Midshires about 7 years ago. I have never missed a payment. I am also paying at more than the minimum repayments. At the time it was fixed and we did pretty well on it. At the moment we are on a variable and would love to fix - but have been told we can't. My husband and I…
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Current lender Will not budge on valuation!
I am looking to remortgage to release some equity, but also to can a better deal now my fixed term has ended. My current lenders, one of the UK's main banks have given me an up to date valuation by phone, which I believed to be ridiculous, even in the current climate - they have valued at £91,000 - it was worth £145,000 2…
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Help is there any 10% BTL mortgages about?
Hi, i have a 10% deposit to put down on a buy to let mortgage but i am having trouble finding one. I am getting the property at a good price and have already done my calculations, i can definatly afford it with or without a tennant in the property i also have enough cash left spare in case of emergencies! I just cannot…
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Mortgage coming to an end, stay with current lender? offset?
Hello, my 2year fixed mortgage (25year) is coming to an end on march and not sure what to do, this being my firt mortage and first fixed term, I know its little bit of gambling but playing safe is propably better off fixing my mortgage now ... - my house value is 110k (probably more now as I made major changes to the…
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Interest only questions
Ok, serious advice needed. Been reading a few posts on here this morning, and want to clarify something. Last year, I changed to an interest only mortgage from a repayment. This has helped me reduce the debt and free up funds. The plan is to work my nuts off to pay the credit cards off (or as much as possible) before the…
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am i getting ripped off by hsbc
had a fixed rate 97k mort with hsbc for 8yrs, 25 yr period, when fixed finished automatically went onto tracker for lifetime of 1% above boe rate. great i thought! house value of £275,000, so only 40% ltv, guarenteed earnings £40k, applied for extra mortgage of 15k fixed rate , repayment of £110/month to pay off some loans…
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Higher Lending Charges. Fair or Unfair??
Hi. In June 2008 I had to get a 95% mortgage. Because of this, RBS charged me £2.5k as a higher lending charge on top of all the other fees for setting up the mortgage and the valuation etc etc. Does anyone know if these charges are legal or not? I believe this could be nearly as big as the Bank Charges phenomenon thats…
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Endownmen cash in; advice needed
Can anyone please advise me on the managed fund endowment that I have with the Friends Provident. The question is, do I cash in or leave to mature in 2015? I am 60 years old and retiring in May this year. I have £55,000 outstanding on my mortgage which I intend to clear on retirement with my pension lump sum. My Friends…
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Home and contents insurance
is this best to stay with the provider or to shop around? our insurance is with the Leeds who do free travel insurance with the 5year fixed rate deal upto 60 days for each visit no matter how many times you go away per year, i forgot how much it is, its not to bad. the insurance also covers for loss of items outside the…
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Porting Mortgage v Paying off and starting again.
Hi all. I have a house I rent out that I am looking to sell, with a view to buying another. I might be being daft but is there any difference between porting the mortage and paying it off and starting again. Mainly I'm thinking about how much interest I've paid off. Basically I've only had the mortage 4 years so in this…
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Messed About By Halifax
Just wasted 3 weeks trying to remortgage with the Halifax, only to be told at the last minute we don't meet the income criteria! What is going on with these people? My husband and I were told we could borrow up to 90% of the valuation of our house, and in fact we eventually elected to borrow a lot less than this, to…
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Which Credit Reference Agency do mortgage companies use ?
I've got my Equifax Report but just wondering will Experian show the same info ? Just wondering if I need to actually see both before I apply for re-mortgage. Thanks in advance.
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Offset Mortgage Help!!
hi all, new on here but thought you all looked rather helpful so thought id post a query. we have a Woolich offset mortgage of around £122,000 and roughly £16k in our linked offset accounts. we currently pay £950 a month off the mortgage and have the lucky option of being able to pay more then this off, or make use of the…
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Defaulting on Cypriot mortgages
Hi, I have a swis franc mortgage in Cyprus on a cypriot property. I now owe more then I borrowed due to the exchange rates from CHF back to sterling. The property is let out for holiday lets but now due to the exchange rates the income is not covering the mortgage payments. Even though we are pretty much fully booked. Does…
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Halifax Fixed Morgage Coming To An End Need Advise
Hi all I need some help and advice as i am totally useless as morgages Bsically our 6 year fixed rate morgage is coming to an end in July however we have started to hunt and look about but unsure where to start As i have looked on the halifax website and states that we wont incur any legal fees etc for staying with them…
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"local Searches" HIP and house purchase
I am a first time buyer and therefore I am looking for your honest advise. The HIP of the house that I am buying is from the August 2008. So it is already 1.5 years old. The seller doesn't want to update it because under the current law he is not required to do so. My lawyer says that at least LOCAL SEARCHES needs to be…
