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What Interest Rate Should we Plan for?
Hi, We've first time buyers. I've heard so many horror stories about people buying during low interest rates and then being re-possessed when they rise. Can we trust a mortgage broker to give us good advice on what interest rate to plan for? How much interest rate should we plan for? Thanks!
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Neg Equity/Northern Rock
Hi I took out a 125% together mortgage in 2006... At the time this was my only way of getting a mortgage, so was my only option. I now as many others have fallen foul of the negative equity market... My total borrowed is 132k, I have been paying repayment on 5.89% for almost 4 years and admittedly had to take a few payment…
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Maxijud
We are an almost retired couple who want to move to New Zealand (home for one of us). We are in the middle of purchasing some land which must be paid for by August but the exchange rate is still pretty awful. We have the cash to pay for the land and also own our home worth £900,000 which we have a £13,000 mortgage on with…
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Stamp duty / mortgage
Can a mortgage include what you have to pay out on stamp duty?
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Guarantor against £60,000. Is it possible??
Me & my partner would like to purchase a property for £280,000. However we can only borrow 4.8 times our income with The Abbey which would allow us to borrow only £220,000. I have heard that it might be possible to get the extra £60,000 onto our mortgage if my Dad is able to act as guarantor for the £60,000 against his…
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First Time Buyer Applying For a Mortgage
Hi guys, My new hubby and me are looking to buy a property, the only thing is we did not take into consideration we were living in our overdrafts. If I give the facts below I was wondering if anyone could advise the best route forward. Salary combined - £38000 Commission combined - £7000 Overdraft - hubby goes to zero…
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Rule Brittania
I say dear Board!! Sun's over the yard Arm! Splash of Pimm's it is. Where was one. Oh yes. Grrrr. Mortgage applications. One has applied for a remortgage with a certain provider who were asking a plethora of questions, one of which was the value of ones property. A chap called over several weeks ago to assess the property…
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Best 5 year fixed rate mortgage?
So the best 5 year mortgage i have seen is with co-op who are doing a 4.29% deal with a 999 fee. There is a 4 year deal at abbey which is 4.99 but with no fee and 250 cashback. So depending on the loan size, mine is only 30k, this actually works out better. Has anybody seen anything better than the 5 years at 4.29?…
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Will any lenders pay for my fixed rate exit fee?
Hi, I am three years into a 5 year fixed mortgage at 5.75%, the only way I think its worth getting a new deal is by not paying the exit fee, someone told me that some lenders will pay this fee to get your business, does anyone know if this is true, and if so who? Ed
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Is this interest rate rise legal?
I've got a commercial mortgage with Nat West for a shop which I bought 4 years ago for my SIPP. In my initial agreement with NatWest, my interest rate was 2% above base rate, so I currently pay 2.5%. Last month they wrote to me, offering me the chance to fix for five years at 4.5%, as they said they thought interest rates…
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Clarification on SVR Vs Fixed
Hello Guys, Quick question that has just pricked my mind from reading a thread on here. We have gone for a 2 year fixed on 4.59% - I know that we cannot remortgage until that promotional period has ended. Now, here are my questions: i) With a Standard Variable Rate Mortgage, is one bound for a minimum term as with a fixed…
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Best option ?
Hi - just another one looking for advice... We need to borrow 6k asap but by April next year at the latest when our mortgage is up for renewal. I am nervous of getting a personal loan if it will have a negative effect on any mortgage application. This said if a loan was the best option for us, I dont know if getting it…
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Wanting to fix now unsure what to do?
Hi was just after a few peoples opinions, I was looking to fix our mortgage for the next 5 years as I like to know what were paying and also starting a family, we are currently stuck on A&L SVR 4.99 and was looking to fix with post office at 5.55 for 5 years as were on a high SVR rates would have to rise alot to reach the…
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Trying to get a mortgage - queries
Hi, I was hoping for some advice. I'm about to attempt to buy a property but I'm really nervous about applying for a mortgage. I earn a decent(ish) salary, in a safe profession but I have debt. I am in control of my loan repayments and have been paying them alongside rent for over 4 years. My credit rating is good. I have…
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Deposits....
This may sound like a strange one but i have no idea of the process.. Do you need a deposit when you move house? or does the deposit you get from the people buying your house go on as the deposit for tghe house your purchasing? help??!! :eek:
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Fix again or not at present????
My 5 year fixed rate(4.89%) with the Nationwide comes to an end in August. I'm in a quandry as whether to let it go to variable rate at present in light of lower rates or arrange another fixed or similar? I have approx. £90k mortgage (house was valued 5 years ago at £185k). Any advice anyone could give me?
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MSE News: The seven-year fixed mortgage - is it any good?
This is the discussion thread for the following MSE News Story: "The bank will publish rates on statements so consumers know when interest dives, in a victory for MSE's savings campaign ..." Read the full story: The seven-year fixed mortgage from the Co-op: is it any good?
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New mortgage for a place in spain
Hi We have paid our mortgage off last year and now would like to buy in spain, do we count as first time buyers again or are we remortgaging. We have plenty of equity in the house and only want a mortgage of 65,000 any help would be welcome. Thanks
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Can I rent my current house out and buy another with the equity
Hi just wondering if this is possible My house is worth about 110k with 60k left to pay current mortgage provider said I can rent it out on current mortgage Now can I rent this house out but buy another one with the equity from my current house which I currently live in I'm looking to move to a house worth about 160k due…
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1st Time Buyer Mortgage Advice
Afternoon all, I'm thinking about trying to by my first property with my partner. Joint income of just under 50k and a deposit of around 13/14k. No debts or credit problems apart from student loan. Unfortuntely I know nothing about mortgages at all. 1. Is this a decent time to buy or is it advisable to wait until after…
