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First Direct 4.29 5 year fixed Questions
Hi, Currently have two charges on my house, for 5.17 and 6.79 with approx £2500 ERC charges I am ooking at fixing for 5 years for better long term security and have some questions. I am hoping someone here has experience so I dont have to ring tomorrow if its not suitable. 1. Can you overpay by any amount. Currently I…
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Mortgage Rejection Help Please
Hi all, me and my partner applied for a joint mortgage today but unfortunately failed the credit check. we earn enough to cover the payments and 1 of us has a very good credit rating. however we looked into the 1 and it seems that an overdraft was passed to debt collector of £1000 which is now being paid. Are we likely to…
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advice please endowment shortfall
hi all ' My mortgage ends next april and my 2 endowment will have a shortfall of about 10'000 i think. Should i get a loan or remortage for a short period, would also like some new windows if any money is left. thanks june
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Shooting Down the Mortgage Securitisation Myths
A mortgage is a bundle of rights over someone’s land, granted as security for a loan. By granting these rights, the borrower encourages the lender to advance more than he otherwise would, or at a more favourable rate of interest, because the lender knows that the risk of default on the loan is much lower. However, the…
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what would be the best idea?
i currently have a mortgage with a&l for approx £60,000 and my house is worth approx £170-180,000. I am in a fixed 5 year plan, with an apr of 6.5%, making payments £135 weekly.(i am paid weekly) I have about 3 years to go in the term, but was wondering if it was worth trying to remortgage to improve the rate, but was…
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Endowment Termiinal Bonuses
Hi all - new member here! I currenntly have four with profit endowments, The statements from the two I have with with L&G state that the terminal bonus is currently at 68%. However, the other two (Zurich and Aviva do not state what the current TB is, nor can I find any figures on the companies' web sites. Is this because…
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please help me get a mortgage
I'm a student nurse (age 33) so i get a bursary of £6500 a year. Renting seems like dead money as in 2 years i will have a good job. I'm desperate to get on the property ladder and after speaking to my parents they can put up a £15grand deposit on a place (looking at property priced 100 - 150k) My mother is willing to get…
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Mortgage Advice
Evening all, Newbie post, so play nice :) My parents are having trouble keeping up with mortgage repayments, their house is worth around £130,000 and they have an outstanding mortgage of £65,000. I'm currently renting elsewhere, I've never dealt with mortgages so not that clued up. Is it possible for me to get a mortgage…
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1 missed mortgage payment
My partner recently changed jobs and for some reason!!!! we wanted to change the mortgage to his pay day 20th of each month. We contacted Santander who advised us over the phone that that was fine but that we would have to pay the interest that would accure between the original payment date and the revised one - this was…
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Any help with a slightly complicated house buying issue
Hello, This one is complicated, to me at least. Hope you can help with some advice or to let me know if you've been in a similar situation and what happened to you. - I earn 40k - I have a house worth about 110k and a m ortgage on it of 82k. It's currently under my name but actually at the moment my mum lives there and…
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please help
hi please could someone does anyone know of a good company that does equity release plans on your house thanks Diane .
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Mortgage Advice
Hi, Hoping somebody can advise. Myself and my partner are applying for a mortgage. I don't currently earn a fulltime salary as I have opted to stay at home to look after my children so my partner is the sole earner. I have recently become self-employed but not for long enough to warrant my earnings being taken into account…
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Is Offset best thing for us?
Hello MSEs! I have recently acquired some funds (nothing dodgy!) and altogether have about £80k in the bank. I am thinking that an offset would work wonders for me. Am I right in this thinking or would I be better off with another type of mortgage? Currently on A&L variable and have £104k outstanding. ANyone recommend a…
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Change term THEN overpay?
Hi All I have a mortgage with Halifax, over 35 years at 7.29% interest. I went to speak to an advisor on saturday about making overpayments and was told that: -any payment I would make would reduce the mortgage monthly payment and not affect the capital -if i wanted to pay off capital, i would have to shorten the term of…
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First Time buyer with bad debt and large deposit!
Hi all I need some advice please. I am a first time buyer with a deposit of 25k looking to buy a house of 85k. My salary is 13400 which is pensions and benefits for disability and is due to go up to around 14k. I have bad credit which has been paid off when I retired due to ill health. They were full and final settlements.…
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So, where are interest rates going?
I've searched a couple of threads, but all pre-government, so now we're in a ConDemNation what are peoples opinions on interest rates and where they will go in the next few years? My problem is we struggled to buy our house 4 years ago, and we got on a 5 year fixed rate mortgage. It's at 5.99% so we've been paying loads…
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Deeds of Trust
Me and my partner are in disgreement. We have two properties that we have letI own 50% of both properties outright, but when my prtner got a business loan for the other 50% I didn't want anything to do with it at the time. One property has recently become empty. My partners parents business are not doing very well and need…
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Bi-weekly Mortgages in UK
Does anyone know if these are available in the UK? I can't find much about them on the internet so am guessing not. Any help or comments gratefully received :) as they do seem to be a great way to save money in the long term.
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Land Registry vs Creditor Debt
Hi everyone. We are in situation where we are looking to sell our house. We have outstanding 235k mortgage and 15k secure loan and ... 15k on land registry from one of my company debts where I gave personal warranty. We can sell the house for 250k, what will clear mortgage and secure loan, but not the land registry…
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Transferring a Mortgage into my name after a break-up...
Hi guys, Doesn't seem like 5 minutes ago I was on here asking for mortgage advice! Anyway, after 7 years together, we bought our first place. And a year on and myself and my partner have unfortunately decided to call it a day. Now, after some thought i've decided i'd like to try to keep the house on as I don't think i'd…
