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who is offering the best income multiples at the moment?
i am looking to borrow 4x the joint income of myself and my partner and the first couple of places we have been to have said they won't do this much - only up to 3.5x. this will be for a loan of approx £720-50k. i have a 25% deposit. also - does applying for each of these mortgages harm my credit rating? otherwise, I would…
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Tracker mortgage with no ERC??
Hi guys, i'm totally new to this so please forgive me if I sound totally useless :embarasse Currently looking for a new mortgage as moving house in April. I'm interested in taking out a tracker mortgage with no ERC so I can take advantage of low rates, but having the benefit of moving to a fixed rate with zero costs,…
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Shafted by Abbey (and Vodafone)
We are FTB and went to Abbey. They stated that we failed the credit check. I was bemused. I paid for Experian checks for both myself and my partner and it transpired that Vodafone had placed a default notice on my partner's record. This was a mistake and after several furious phone calls and e-mails they removed the…
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mortgage company using old credit report
Ok i bought a house last week so went to see about porting my mortgage, filled all the info in and application was rejected, i checked credit file and seen i had a default and missed payment which was not my fault, anyway on thursday i phoned the company to blame and they agreed to remove as it was a mistake, today my…
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Need Help
Hello I need some help - with what to do about our mortgage situation. We have a house worth about 130,000 - 140,000 which we have a mortgage of 62,000 on the house. We are on a fixed rate deal that ends in March so we want to remortgage. But also we want to do some home improvements that will cost about £50,000. So we…
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Fixed Mortgage Rate Ending
We presently have a mortgage at a rate of 5.29%. Our payments are set to reduce by £200/mo when we transfer to the standard variable rate. However we like to know what we are paying and therefore in an ideal world would like to continue with a fixed rate. The problem is the best deal our lender is offering is 6.69% as our…
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Offset mortgages
Hi I am new to this so apologies if this in the wrong forum. I currently have a very low tracker mortgage, due to expire and go on to the standard variable rate with Natwest 4% which will put my payment up to £450 (from £310). My mortgage outstanding is 79k, and the house is worth around 105k Have been looking into my…
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80% LTV mortgage with poorish credit history
Hi, my first post so bare with me; I am looking at purchasing a new house which I've had the offer excepted on. I applied with my partner for the nationwide deal at 4.39%, but was rejected by the credit score. :mad: I was blown away by this, so looked at my credit file online, which turns out I have a default-it is only…
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NR Together mortgage Option
Hi, Can someone give me some advice on whether this is a good idea or not, I currently have a Joint mortgage with my ex partner on my property of 98K..... approx 75k is secured and 23k is unsecured i believe the house to be worth around 90k. A friend has suggested i remortgage the secured part of the property in my name…
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Credit Card to Bridge Small Money Gap
Hi all,ive been uming and arrgghhing about my future mortgage deal as mine runs out at the beginning of may and am going to go for a 80% tracker from the post office now the problem is the valuation if i state my house is worth £127500 which i think it is then they turn around and say its £125000 could i use a credit card…
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How old is the mortgage limit
Hi Is there an age limit that the mortgage lenders will lend to? cheers
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Should I fix or not ?
Hi all, First post user. Unfortunantely I'm just over the 75% LTV. My current mortgage deal expires the end of this month. I have had my appointment with the Halifax and HAD decided on the following - +2.69% tracker mortagage fixed for 2 yrs, currently giving 3.6%. The product carries a £599 setup fee and early redemption…
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Northern Rock Together Mortgage
I took out a NR together mortgage, I then moved the mortgage to C&G and I am left with the unsecured element which is 5% about SVR, when I took it out it was for 28K after 4 years its at 27K and I pay about £300 a month. I have heard that sometimes the NR will negoiate on the interest rate etc, also that it might be…
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Can anyone tell me.....
.....roughly what average yearly percentage the investment below grew at? Also, is this a good return or not? In Feb 2000 I took out a regular saver with the PMAS, saving £13 per calendar month. It has now matured (after 10 years) with a value of £1711.19. Thanks in advance
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Paying for old and new house in same month
I recently moved house on January 11th and ported my fixed mortgage. I got charged a full months mortgage on my old house and the bank told me I would be refunded for the 3 weeks I wasn't there. I was also charged for the 3 weeks in my new house. The bank are now saying the extra I paid was taken off the new mortgage…
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Advice on downsizing needed
Hi there, My financial circumstances have changed somewhat over the last year and I'd like to sell my current property and move into somewhere smaller. I'm currently in the second year of a 3 year fixed mortgage with Leeds Building Society. The property was bought at the end of 2006 for £153,000 and there's approximately…
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Getting mortgage with house paid off -ING
I am a 52yr old female who was fortunate enough to have paid off my mortgage last year after 4 very very hairy financial years. I found myself needing to get a "new" mortgage to settle with the Inland Revenue. My bank would not provide a mortgage as house paid off - 3 other uk banks refused on the same basis and I was told…
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Cash It In
Hi. Hope someone can steer me here. I have a UF endownment which is currently worth 8.5k. It has 18 mths to run and has a premium of 21.52 per month. I have a mortgage of 47k with NW at 2.5%. Would it be better if I cashed the endownment in and paid it of the mortgage? Thands for your help in advance
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3 way Mortgate advice needed??
I am looking at getting a mortage with my partner and sister. My partner earns in the region of £30,000, my sister earns £20,000 and I earn £18,000. We have around £20,000 as a deposit. Can anyone tell me how much we can expect to be able to borrow and which lenders offer this deal? Ta muchley
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How is this fair?
I am desperately trying to get off of benefits, currently the DSS are paying my mortgage interest - I wanted to apply for a job but unfortunately the salary isn't enough - even with tax credits - to cover my monthly payments. Having spoken to the bank to ask if I could continue with either a interest only mortgage, or to…
