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CIS Endowment
Hi, I'd be grateful for any opinions on my husbands CIS endowment policy. It's a mortgage endowment that was taken out when he was in th forces but our mortgage is a repayment one so we're just using it as savings plan. The original target was 20k and these are the figures we just received. Monthly Premium - £31.50 Term -…
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First time buyer help/advice needed please?
Hi Wonder if you could advise if I would get a mortgage in my current circumstances? Myself and my girlfriend have respective credit scores from Experian of 899 and 949. Our combined annual income is £38,000. I work in local government, and have done so for 7 years and my girlfriend has just started a new job this week,…
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Woolwich/Barclays mortgage taking forever.
We applied for a woolwich mortgage via a broker about a month ago. 16 days ago we got the evaluation/survey and it passed with flying colours. Today the underwriter called our broker asking about council tax banding for the flat and said we should get an update in a few days time. It it normal for them to take this long.…
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Shocking fixed rate...
In summer 2008 I moved abroad and so changed my mortgage to consent to let with my bank. Not sure what the rates were going to do I just fixed it at 6.79% for 3 years (finish in August 2011) with a 1% get out fee. I am coming back to the UK soon and would like to just pay the fee (£1100) and go onto an SVR but halifax say…
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Cash offer for moving Mortgage away from Advantage....they're back!!!
As some of you may be aware approx 9-12 months ago, Advantage sent letters to a select number of its Mortgage holders to offer them a cash incentive to either pay off or transfer their mortgage elsewhere. We were one of the lucky one's to receive one of those letters and after some haggling were offered just short of 70k…
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Not being named on mortgage with partner
Hey everyone. Here is a quick summary on my history: in 2006 I got into debt and ended up missing payments and defaulting on some, I had 4 credit cards, a loan and an overdraft which including late payment fees totalled about £8k by the end of 2006. I got a CCJ in Feb 07 for around £300 which was satisfied by July 07. At…
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£92,000 joint income. No mortgages!
I just wanted to vent my anguish in our current situation! My partner and I are both 30 an first time buyers who are looking to buy as soon as we can. I earn £37k and my partner earns £55k. My partner has a loan which is paid at £300 a month and I have no debts. So very little outgoings other than our rent at £1300 (we pay…
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Do I need to Provide my own Deposit?
I am currently in the process of buying a second home. Mortgage has been agreed and everything has gone relatively smoothly. I just recieved the contract from my solicitor to sign and they have asked for proof of funds to counter any money laundering and to show that I have to money for the deposit. My parents are…
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Porting Halifax mortgage, no further money needed
Hi all, I'm looking to move house and have a mortgage with Halifax, we don't need to borrow anymore money from them - basically just swap the house that's mortgaged with them (if only it were that simple!!), but want to know what the process for doing so will be? - Do we have to go through the whole affordability process…
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Default Stopping Mortgage PLEASE HELP!
Hi all i am trying to get a new mortgage firstly to make it cheaper than exsisting one and secondly to be able to get my soon to be ex wife off the mortgage I (and we as we were before) have been dealing with cccs debt management for a year or 2 At some point around a year ago there was a default with one of the creditors,…
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halifax mortgage promise
our mortgage promise is only valid until July as of yet we have not sold our property. do we need to go through whole application again or can halifax just extend it with minor checks?
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Should I change to a repayment mortgage now?
Hello there. I'm wondering if someone wouldn't mind giving me a clue? I'm afraid I'm not terribly knowledgeable about these things so please forgive my simpleness. Unfortunately and naively I bought my little ex council house with an interest only mortgage with Northern Rock about five years ago, initially the fixed rate…
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Offset Mortgage - Interest Question
Hi i have an offset mortgage and am curious re the interest it varies each month by approx £2.00 ie March £28.40 and April £27.40, obviously it will reduce by the amount my mortgage comes down but my question is if in my current account i am overdrawn usually by approx £100 does this affect how much interest i pay!
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MSE News: Cheapest five-year fix mortgage in a year launched by Co-op
This is the discussion thread for the following MSE News Story: "It comes on the back of other lenders cutting rates as banks and building societies make their deals more accessible ..." Read the full story: Cheapest five-Cheapest five-year fix mortgage in a year launched by Co-op
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Best mortgage comparison sites?
Hi guys Can anyone tell me what are the best comparison sites out there for a mortgage? Would like ones where you can sort all the finer details out like set up fees, fixed, tracked, valuation fees, ltv% etc etc Thanks
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Mortgage Maternity Break
We are with Northern Rock and have looked into taking a maternity break on my mortgage payments for 3 months, but this will mean our payments will increase for the life of the mortgage, meaning we will end up paying over £5k more in total. Is there a cheaper solution?
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Rip off morgage setup fee.
Hi I need some advice regarding a situation that has a risen. My work is property development and I have been doing this some ten years. I recently needed to finance a commercial property so put a couple of Brokers on the case to find the best deals. It was a unusual case and being commercial wasnt easy to find finance.…
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Is it worth appealing a mortgage application?
Hi Guys Last week me and my boyfriend applied with HSBC for a mortgage for £66,300 the property is £78,00 and we are putting down a 15% deposit. I earn 21k a year and my b/f is self employed and has averaged his last 3 yrs accounts at around £10,500. We were told that we had been declined due to a default on my account…
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10 year fixed with Co op. 5.2%
I am just about to take out this mortgage. I like fixed rates and needed to take some money out of our house to finish it. If I get made redundant and there are loads of houses on our street, I want people to buy mine. So it's for upgrading of the house, some of it needed before anyone could get a mortgage on it. What do…
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Mortgage Guarantor Myth?
My mother has a house worth £200k, she owns this outright with no mortgage. She seems to think that she can 'guarantee' £10k somehow towards a mortgage for me. In theory what would happen is I save my £10k cash, she somehow 'gives'/'guarantees' another £10k and I then borrow an £80k mortgage. So I essentially have a 20%…
