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BOE signals that it won't tighten policy for at least the next year
LONDON - The Bank of England signaled Wednesday that it won't tighten policy for at least the next year, as the private and public sectors seek to run down their debts and credit conditions remain tight. In its quarterly Inflation Report, the BOE's Monetary Policy Committee said economic recovery in the U.K. will be…
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Changing job during the mortgage process?
I applied for a mortgage while at a previous job I am now at a job where we are moving too but I took a slight pay decrease, but I won't have to travel so I will have more money in my pocket. but technically I'm not earning the amount that the mortgage loan was calculated on. Now we are near completion I have been asked by…
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are beacon lending again?
does anyone know if beacon are lending again? they are on the alexander hall mortgages website but when you go on the beacon website there is no products there.
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Coming to the end of a Halifax Tracker
I'm coming to the end of a Halifax tracker, at 0.48% above base, which has obviously been great. The mortgage has another 19 years to run and is a mix of repayment and interest-only. I guess the best idea is to fix, and for more than 2 years. But 5 years or longer? We're never going to take the mortgage to term and could…
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mortgage with no proof of earnings?
this will sound stupid but, live in london, haven't owned for several years, quit well paid job and only earnt about 12 grand last year self-employed and only one years accountancy proof of earnings... have 190 grand to put into property but would love a 50 grand mortgage. this will still leave me 30 grand savings as a…
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5 or 10 year fixed rate?
I've recently been offered a five year 4.74% fixed rate on my mortgage and a ten year 5.29% fixed rate. My mortgage renewal comes up in March. Here's the dilemma...given our unique economic climate, are these rates likely to be the best we'll ever get, so go for the ten year deal? Or would the 5 year fixed be the best…
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Mortgage in principle
Okay, okay, I'm confused! I understand it's a good idea to get a mortgage in principle before we start looking, so we are, and can show we are, ready to go when we find the right place. But if I apply for a mortgage in principle, does that bind me to that lender? I see some lenders have a "booking fee" and an "arrangement…
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Mortgages on non-standard builds?
Hi, does anyone know what lenders (generally speaking) views are on lending on timber construction houses please?
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How likely is it that my bank will let me change my mortgage pay date?
Hi all, after a recent change in circumstances i have been late paying my mortgage, not over a month, just instead of the 1st of the month, paying it on 20th of month due to a change in pay date! How likely is it that my mortgage people (Bank of Scotland) will let me do this? It says on their website if you are behind with…
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Higher mortgage after debts
Hiya... I was hoping for some advice please... I hope I'm posting in the right place! I have done 1 year of a 6 year debt management plan and now some lovely relatives are lending me the money to pay it all off so I'll be debt free. My husband and I have a mortgage for £83k but would like to move. We would like a £100k…
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Concerned Northern Rock Customer
Hi Everyone, I'd like to know what our options are going to be when our Northern Rock mortgage comes to an end in April next year (April 2011), In April 2006 my wife and I bought a run-down old house for £130,000. Here are the mortgage stats... * 5 year fixed rate mortgage * 5.89% * 35 year term * £105.533.07 secured *…
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First Time Buyers
Hi Me and my girlfriend are looking to get a mortgage. We are both on approximately 16k, we will have a 15k deposit. Probably looking for a 150k house. We have a mortgage appointment next week with HSBC just for advice really. Do i need to take details of my savings and earning etc or can they advise on what we say if it…
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BTL on Studio flat
i have been told it is not possible to get a BTL on a studio is this a new thing, and is there any way round it please,
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Property Valuation
Hello everyone, I hope some one can help me. We have recently come out of a three year fixed deal with alliance & leicester and have ridden the SVR for a while because it was lower than what we were paying, that and the fixed rate offers just weren't an affordable option (I did a lot of enquiring at the time). What with…
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Opinions Please - Track then Fix?
Im trying to work out what to do about the mortgage on my house purchase. I had initially opted for a 3.79% 2 year fixed rate deal however I have the option of starting on a tracker rate and then after 3 months switching to a fix if I wish, there will be no fees associated with setting up the tracker or the subsequent…
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Negative Equity V Welcome Finance
Hi - a few years ago I was in desperate need of help while being 4 months in arears with both Mortgage and Secured Loan company - had some great advice on this forum and in need of some more if possible? I have eventually managed to keep on top of my debts but now wish to sell the house which has been valued at 77,000 -…
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mortgage on 2nd home
Hi, am looking for advice on providers of mortgages for second homes. Looking to buy second home in London for work during the week. Any recommendations, or anything I need to bear in mind?
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Any Luck?
Has anyone ever challenged a bank or b/s over its mortgage advice and won?When my last mortgage deal was ending i shopped around and all of them told me the rates would rise,i finally went with Brittania as they seemed the most competetive at 6.1% fixed for 10 years,that was two and a half years ago and as we know the…
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Parents want to me a house! Help needed
Hi Everyone, I've recently made an offer on a new property and this has been accepted. The problem is I have had historic problems with my credit report and have been declined from lending this extra cash from my existing lended Abbey. Instead of going down the adverse lending route my parents would like to help me. The…
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Northern rock 125% mortgage
A friend of mine brought a house in 2007 (there or there abouts) for 120k and took out a northern rock 125% mortgage. Bad idea, His mortgage term ends pretty soon and hes worried he wont be able to get another mortgage and will lose the house. I said, you will just have to pay whatever there varible rate is until you have…
