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MSE News: Ex-Northern Rock directors misled over mortgage arrears stats
This is the discussion thread for the following MSE News Story: "Two former senior employees have been fined and banned after understating the number of customers behind on payments ..." Read the full story: Ex-Northern Rock directors misled over mortgage arrears stats
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Redeeming Britannia Mortage
I have an interest only mortgage which ends in Sept 2010. As the endowment has now matured, I will be in a position to pay the mortgage off in early June. Britannia have said they will send me a redemption quotation for that date but state that final payment should be made by a CHAPS transfer. As I want to avoid having to…
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Five x salery question
I am waiting for a full application to go through followingan AIP but due to so many knock backs due to two defaults from 5 years ago I am concerned this will all fall apart again. We need to borrow £210,000 for a £280,000 property. My partner has a 45,000 yearly income would it be possible to it soley in his name? Thanks…
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Buying out half of Italian property from UK
Need a wee bit of advice regarding a property I part own in Italy. I need to buy out around 50% of a property in Italy but the other party lives in the UK also. Can i take out a UK mortgage on this property to pay them back in the UK? I think i can change the title names on the deeds easily enough and as the other party is…
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Is is possible to put mortgaged properties in trust for a 4yo child?
Hi I know the question might seem a bit strange, but I want my name to be taken off the deeds somehow. I dont want to sell. I own a flat and a house. I have a 4 years old daughter. Is there any way I can transfer the properties to her name and take my name off the deeds? I wil of course still make mortgage payments. I hope…
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help needed
Can anyone please help advise me.... My pal has a very low endowment mortgage that she is 3/4 way through paying - she is happy with it - still doing quite well - so its not about that but she is considering having an extension built and needs to borrow some of the money to fund this (has good percentage saved already) -we…
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Fixed rate coming to an end, <10 LTV
I'm currently coming to the end of my Natwest 2 year fixed rate deal which had a rate of 5.74% and my repayments are around £850 interest only. I've been overpaying to pay back some capital each month. My LTV was 5% 2 years ago and is probably around 7% now. My options are: 1) move to new 2 year natwest fixed deal at 5.49%…
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ERC on a mortgage
Can anyone tell me are ERC's applicable if you are selling a 2nd property? Ie if you have bought as an investment project, have had all your work completed and are looking to sell at a profit? Do erc's apply or is this just if you are switching a lender? Thanks
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Telegraphic Transfer fee £23.50?
It may sound a drop in the ocean when adding up all the costs of buying a new home, but why is it that solicitors charge £23.50 for a bank transfer?
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Mortgage refused on flat not house
Hi everyone: we're first time buyers with 15% cash deposit and an approved AIP with Yorkshire Building Society on fixed 5 yr @ 5.69%. Just went to complete the final application process but was refused at final submission on grounds that they only provide mortgages on flats to those with deposits of 25% or more: however…
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Not quite 10% deposit
First time poster. Currently saving for our first mortgage and have accrued approx an 8% deposit for the property that we wish to buy. We completed an IVA nearly 2 years ago which has now disappeared from our credit file and we now have a reasonable score. Are there any lenders out there apart from Lloyds TSB with their…
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Mortgage related - New mobile phone (may be a daft question)
Hi there, Sorry to ask this and especially if it's the daftest question ever. I've got a mortgage offer in place on a new build which is about 8 weeks from being completed (well hopefully anyway). The offer expires at the end of July. Anyway, looking to change mobile phone providers and get a different kind of phone but…
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Extending my mortgage term beyond 65
Im 46. I have a mortgage for £186,000 which at the moment is interest only to exdue to paying off credit card debts accured. The mortgage runs until December 2029, with the fixed term running until May 2013. I get a good job, reasonably secure, with a good pension (been paying in for 20 years so far) and a promise of a…
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voluntary repossession ????
hi just wanted to ask what the implications of this are: currently we have a together mortgage with NR (50k plus 10k loan), we have had the flat valued and taken a massive hit on the price -now only worth 40k at best ,we have had the mortgage 5years and making no head way .currently my partner was made redundant and now…
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restricted lending ie Armed Forces
Can someone please explain what the woolwich mean by restricted lending multiples to the Armed forces as seem here : http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=popup1openplanwealth&value=15218 Cheers
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hanley economic mortgages
Hi does anyone have any experience as a customer of hanley economic? i am considering signing up to a fixed rate mortgage with them (2.95% rate for 2 years) wondered how their customer care compares to larger players? Thanks in advance
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Remortgage with Credit Card Debts
Hi all, We have a mortgage outstanding of £44,000 and credit cards debts of £22,000. These debts are mostly from when we extended the house and have/are 0% (I have been moving them around). In addition to this we want to borrow another £14,000 to repay my parents and a little bit of money to put away. This will give us a…
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Increase mortgage repayments?
Hi, my current mortgage repayments are currently low at £340 per month. This is a repayment mortgage with 32 years remaining. Would it be financially beneficial to increase my repayments to £500 per year? i.e. how much would this save me over the course of a year. Any help is appreciated
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Advice needed...
Hi, not sure if anyone can offer some advice or whether this might just be a bit of a pipe dream, but here goes... I have seen a house in an area I like on the market for £145000 it needs a fair amount of work but others in the road are on the market at £170k+ My partner and I bought our house about 6 years ago with a…
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Fixed or Tracker for First Time Buyer
I am about to purchase a house with my girlfriend as first time buyers, and would like some advice as to whether to go with tracker or fixed. Natwest have given us the following options for a mortgage... £748.55 for a 5 year fixed rate £634.67 for a 2 year tracker Which would think is best for us to go for?
