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Credit Report
Hi, not sure if this is the correct thread but its linked to my mortgage so put up here. Please let me know if their is a better section to post this in. Basically just checked my credit report from credit expert and all the details are pretty much correct except my postcode! They have the last digit wrong. I googled my…
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Help!! fixed or tracker remortgage? part int only and part repayment?
Hi, we have a large mortgage (£179000) currently with Abbey (Santander now) that is on fixed rate until June 2010. The whole mortgage is currently INT only and has been for the last 19 months because we started to struggle with finances and decided to make the switch to keep us afloat!! Whilst also paying off debts etc.…
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Does anyone know how underwriters think?
Hi, We're considering trading up to a larger house, but my better half has recently made a career change to become a teaching assistant and has subsequently gone from a permanent job to a temporary contract. Our mortgage is with Co-op, who will lend us 4.25 x my salary (33,661 - £143k), but we are likely to need a bit more…
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Overpaying a mortgage?
Hi everyone, my father recently passed away and has left my mother with a mortgage to pay. Basically my dad took out a fixed rate for the next 3 years and 9 months and I was wondering if we can overpay on a fixed rate? I don't know much about mortgages but it is part interest, part repayment. My simple question is can we…
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Re-mortgaging for ancients
I need to re-mortgage my property to raise a lump sum of £42, 000 (less than a quarter of what the property is worth). But I'm 65 and a lot of companies won't lend beyond yr 70th birthday, leaving me with only 4 1/2 years to pay off the loan and, therefore, a whacking big monthly repayment rate. I could try to go the…
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capitalise
Please can someone tell me what capitalising is. we are in arress with our mortgage £1800, now our mortages company are asking us to capitalise our mortgage and to add the arress to the loan! then we won't be in arress any more and this will stop the charges on our account, but we are not sure if this is a good thing to…
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Re-mortgage help
I have been trying to sell my flat for a few years; however, when we first put it onto the market and had a purchaser, the market collapsed and the recession reared its ugly head; the B2L ran away. Two years down the line, we have started rethinking what we should do, as the property is not shifting as it is more…
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Self Employed, New Business, Need a Mortgage. Help!
Hi, Myself and my girlfriend purchased a house 2 years ago that needed to be completely renovated. The house was deemed un-mortgageable at the time, so we borrowed money from family and friends and £25,000 from the RBS to purchase the house and do the renovations. The house is now finished, we have had it revalued and now…
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Halifax - STAY AWAY!
After a year of trying to sell our house we found a buyer and a lovely bungalow to buy.Everything was going through after eight weeks of solicitors and valuations etc.Then just before completion the HALIFAX told our solicitor that they were withdrawing the mortgage offer because the bungalow had not been owned for 6 months…
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estate agent valuation
We're currently booking estate agents to come round and give us a valuation of our flat as we look to remortgage. we're not interested in moving (unless for some incredible reason our flat has gone up from the £200k we paid for it two years ago, which we very much doubt!) so i just wondered how important it was to get a…
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Halifax undervalued my house and made me pay a higher rate
Hi there I took out my mortgage at the end of last year with Halifax via London and Country mortgages. I was already with the Halifax but my previous fixed rate had ended. I wanted a fixed rate again. I was told there were only rates. The lower rate was if I had a low LTV and the higher rate was if I had a better LTV. I…
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hi need advice on a short fall please .
hi ive just recieved a call from a company called emc , (endowment missell complaints) and i spoke to a woman who asked who im with and what the shortfall was , im with l&g andits a stocks and shares isa endowment that i started in aug 1999 and its going to be a shortfall of £11.400 , ive asked my finacial advisor and he…
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Explain Nationwide's "current deal ending soon"
Nationwide has deals for existing customers whose current deal is "ending soon": http://www.nationwide.co.uk/mortgages/existingcustomers/switchmortgagedealending.htm Anyone know how soon? That is, how far in advance of deal fixed rate deal ending (Dec 2010) could I arrange a new fixed deal?
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Who do A&L use for surveys?
Just a quick question, does anyone know which company A&L use for valuation surveys?
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Pay Service charges until exchange or completion?
Hi, Hopefully if my lodgers mortgage and mine continue to go to plan we will be exchanging at the end of march to set a completion date of 31st may. My only question is when will the service charge need to be paid up to? Will it be on completion date?, and then from when we exchange at the end of march than I can contact…
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Using house equity to finance a car purchase
Hey guys, I was wondering if anyone could tell me if its wise to buy a car with extra money borrowed from a mortgage. I currently have some equity sitting in my second house and was thinking of borrowing some of it to pay for the car with the view to increasing my mortgage payment to the amount i currently pay for my…
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New mortgage - House purchase
Hi, I'm after a bit of advice if anyone can help. When moving house, does the bank use the actual market value of your new property for mortgage purposes or what you pay? i.e: If a house is valued at £250k but you manage to purchase for £200k and have a £50k deposit, would they say you had a 25% deposit or 40%? Thank you
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Remortgage and Buildings Insurance
Quick question(s) to anyone who has recently remortgaged or in the know. Iv just been agreed for a very good 90% ltv mortgage. However in both my Letter of Offer from the Bank and Letter from Solicitor both advise that I should have adequate Buildings Insurance in place and that it should cover the cost of the mortgage??…
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Need Some assitance in how to sign house over to my ex
Hello, Last year i broke up with my ex. Things turned a bit ugly, she moved in with her new partner and continued to pay half the mortgage and i paid all bills. Now they have broken up and she needs somewhere to live. Spetember 2007 (peak of market) we bought a 2 bedroom semi for 195,000 with a 30k deposit (loan from my…
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New to mortgages - large deposit but no cash!
Hello I would appreciate it if someone could help me with a few mortgage related questions if they are able to. This is our situation: We are considering buying a new build house which is priced at £220K. We currently have a house that is mortgage free (my parents very kindly and generously purchased this for us) and the…
