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To bank or not to bank
Good afternoon all, I thought I'd put down my dilemma after reading all the useful advice on this forum. I like my research but when it comes to money, let's just say I've not been the best over the years. I've had an offer of £84k accepted on a home I'm looking to buy and I'm looking for a 85% LTV deal. My broker, who is…
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Challenging a Surveyors Valuation
Hi all I am after a bit of advice from you guys about whether or not there is any way to challenge a surveyors valuation as part of a re-mortgaging excercise!! Our current fixed term mortgage is due to expire in a couple of months and we thought it a prudent idea to pay £300 and have our house valued by a surveyor…
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Mortgage Booking Fee's - A query?
Hi, Hoping someone can advise what my chances are of getting my 'booking fee' returned? My current fixed rate had expired on my mortgage so I've been looking to move. My mortgage broker found me a good deal with the Coventry. There was a £200 booking fee which I pad in advance. We were advised that they'd need to do a…
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MSE News: Kensington Mortgages to refund over £1m in unfair arrears fees
This is the discussion thread for the following MSE News Story: "The lender has been fined a whopping £1.2m by the FSA for hammering those behind on payments with huge charges ..." Read the full story: Kensington Mortgages to refund over £1m in unfair arrears fees
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First time buyer - mortgage query
Hello I'm looking for some advice as I feel I have been a bit stupid in my actions. I'm buying a shared ownership flat with a 10% deposit. I went to the broker recommended by the Housing Association and they advised the only mortgage open to me was one with Leeds Building Society which has a poor rate (7.89%). I got swept…
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Home mover - cannot get mortgage
Hello everyone, I have just joined MSE after many months of reading other peoples posts!! I was wondering if anyone can help with the following query: I am currently a homeowner, I have a Mortgage with the Abbey. My property is worth £150.000 and my outstanding mortgage left is £82.000 (18 years remaining) I want to move…
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Dealing with Negative Equity
Hello all I'm hoping you can give me some advice, I can appreciate these type of queries must get posted all the time however if anyone has had any similar experiences or can offer some advice I would be very thankful. Me and the girlfriend are seriously talking about moving in together and are starting to save for a 10%…
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mortgage overpayment query
Hi Guys, and thanks in advance. I am due to complete as a FTB on friday with an offset mortgage from the woolwich. I have read through all the T&Cs and can not find anything about any penalty charge for overpaying. In section 10 of the offer it states that there is an ERC of "1% of the original loan amunt until 31/04/13 on…
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Mortgage Company Error Advice
Hi Folks, Looking for a bit of advice regarding an error my mortgage company recently made in the hope that someone has been in a similar circumstance or has more knowledge of the situation than me. Apologies if this is a bit long winded but any advice would be appreciated: In February I called up to request a payment…
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couple of questions from first time buyer
hi, i read somewhere that i can only get mortage (my anual gross wage ×3.5)=around 53k is it possible to get little more than that like 70 k. i know they will credit search me and than decide. but has anyone else got more than 3.5×annual gross wage? more recently. i know it was possible couple of years ago:p and if i make…
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please help - confused part/part mortgage?
Hi We are unable to sell our house and an option is part ex. This means a bigger motgage for us as thedifferential between our house and the possible new one has to be 30%. Anyway, the only way I would comfortably consider this is if we took some on as interest only. Is this possible? How do I get a product to cover the…
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How can I get my ex husband off my mortgage and my property?
I divorced from my husband nearly 3 years ago as he was abusive and violent. He was very rarely in work and I paid the mortgage on my own for the majority of the time we were together. There is not a lot of equity in the house (probably about £30,000) and he has paid nothing more towards it since moving out 3 years ago. My…
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Porting Britannia mortgage and borrowing less
Hello My OH and I have a flat in London which we've owned for just over a year. We purchased it for £179,950, borrowed £162,000 on it. 10% LTV. We got this mortgage on a combined salary of £43,000 p/a, and with combined debts of £7,000. Now, a year on, our flat is worth approx £195,000. We owe £160,000. We have the same…
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mortgage headache!!
I am looking to relocate from one area to another, currently have a 3yr fixed rate mortgage that ends in Nov, house is valued in region £90k was purchased oct 2007 for £104k, repayment mortgage has o/s of £105000, new property valued at £99950 but reduced from £115k can i transfer existing mortgage or is it best to start…
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Mortgage Fixed Rate Ended
Hi i'm looking for some help! My 5 year fixed rate deal is up with the Halifax and now my monthly payments have dropped which is good but i think i could get a better rate. My problem is a poor credit rating, Halifax were the only bank who would give me a mortgage. I'm unsure even if they will offer me a new fixed rate…
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What are the best fixed rates ever?
Hi all, The base rate is at a record low of 0.5% and it looks as though it may start going up at some point after the election in late 2010 or 2011. This is already being factored in to the swap rates that fixed rate mortgages tend to rely on. Therefore it occurred to me that we may already have passed the point where the…
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First Time buyer seeking advice
Hi, First time buyer desperately seeking some advice and experience..... A bit of background. First time buyer. Offer accepted @ 202000, deposit 20%. Salary 35640. Went to see a broker, who recommented the following Abbey 2 yr fix, 4.95%, then SVR (currently 4.24%). Maybe a silly question but does this sounds an OK deal ?
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Please help with advice of charge on property - repay ex
HI, A few years ago I divorced and my ex husband was given a CHARGE of 17% on the property that I was living in and subsequently I pay all the mortgage. I was told that I could buy him out at some point for the 'current market value' of the property. If I wanted to do this, where would I start to get the current market…
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ftb -prepping for mortgage with adverse credit issues
This my first post, any thoughts and suggestions would be much appreciated. My hubby and i have been renting the same property for approx 4 yrs now. He is 30 yrs old and earning a steady £30k, and i am 29 yrs old and earning £16k. We have 2 kids and third (and final!) on the way. We will be looking to buy our first home…
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Tracker Vs. Fixed Rate With overpayments
Hello, I'm a first time buyer looking to purchase in the next 6 months or so and I'm looking into mortgages at the moment. Current wisdom seems to be pointing at a fixed rate for as long as possible given how low the base rate is. I'm a bit put off by the limits on overpayments though, I'm on a graduate scheme at the…
