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Expiry of fixed term mortgage with company who is no longer lending
Hello, We are coming to the end of our fixed term mortgage, which is with Future Mortgages. We are aware that they are no longer lending money however guarantee existing customers with the same 'terms and conditions'. Unfortunately we are bound to be in negative equity at the moment. I don't know a lot about mortgages but…
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the one account
what do people think about the one account, my mortgage is up for renewal in november and im looking at the one account. dont know alot about it. any suggestions from you guys would be much appreciated.;)
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Mortgage cover..
We had our mortgage signed up on Tuesday for our new deal and while we had the IFA round we asked him to re look at our cover if one of us should die. We have a shared ownership house. We currently have it as a pay off of £100k if one of us dies which i personally would pay off our part of the mortage and keep the…
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Eviction and selling the house
Hi guys, We recieved the 2nd eviction notice, and we decide to sell the house. We dropped the price from £320,000 to £285,000 and today we accepted an offer for £275,000 to sell it and avoid the eviction. But is not so easy. I get an offer from the agent on the paper, it's a cash buyer. I spoke with our mortgage comapany…
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Sole trader small business HELP?
I'm not sure if I have posted this in the right place but I would gratefully recieve any advice. My husband is in the starting stages of setting up his own business as a sole trader selling a product that he has designed himself. We are currently in the very early prototype stages but I have a huge concern that I can't…
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fixed term mortgage
I am currently locked into a fixed term mortgage I also have a secured loan, i would like to get rid of a credit card and will my mortgage company allow me to add this amount from my credit card onto my mortgage? or will this be classed as a remortgage and will they charge me an exit fee i still have 18months to go on the…
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Mortgage Holiday Refused
I applied for a mortgage holiday with Nationwide and they refused stating that they have changed their conditions for being accepted for one. When they asked what the reason was behind the holiday, I stated that I had an unexpected tax bill and also car repair bill, and the woman stated that the only kind of thing they now…
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Which option would you take? Repayment or IO?
Hi, My husband and I have now saved up a deposit for a new home. We have two options: We can purchase a house for 250k with an 85% mortgage repayment. OR We can purchase a house for 280-300k with an 85% mortgage again but we would need this to be interest only for the first 2 years while i'm out of work on maternity. Once…
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Home Improvements - use reserve already set up or fixed rate mortgage?
We only have 8 years until our current mortgage finishes - its a endowment with PMAS and the payment part is with a bank - we are building onto our place and want to borrow 25k. We have two choices...take a repayment mortgage out for the money and pay it off over the 8 years (either that or extend the length of the…
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Fixed rate due to change to 3.15% - is this good?
Hi, We have had a mortgage for 3 years at a rate of 6% (first time buyers with a 95% mortgage). Our fixed rate of 6% is due to end in Sept, and we have been advised that the new rate is likely to be 3.15%. I am guessing that we will not be able to get a better mortgage deal as we are now in negative equity on the house (3…
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Single Parent Purchasing new home - Mortgage Issue
Hi I am a single parent, looking to move from Council housing to buy my own home. I have a deposit of £30k. And have savings for legal fees etc. My credit report is as clean as can be. Credit bills paid on time etc. I have received a mortgage in principle from Abbey, however was declined at the Mortgage Application Stage…
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Negative Equity and Mortgage
Hi, hope someone can help! I am in the process of removing my ex from our joint mortgage. We have a big lump of negative equity that I am taking on by removing his name. Can I force him to pay his share of the negative equity as he is pulling out? Or am I expected to take it all on? Any help would be appreciated! :)
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Can I get Two Mortgages?
Hi All, Hoping to get a little advice. My partner and I are both selling properties of our own in order to buy together. She has now sold hers and has a deposit of £50,000. The problem is I haven't sold my property yet but in order to buy the house of our dreams we need to put our incomes together. When i sell mine I will…
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New Mortgage - Borrowing Additional Funds
I am looking to buy a new property which will require some home improvements. Is it possible to borrow an amount in excess of that required to complete the house purchase? For example, if a £100,000 mortgage is required to purchase the house are lenders open to lending say £120,000 for home improvements? My load to home…
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Mortgage Question
Hi. I have posted a little bit about my mortgage free jourey on the MFW board, but I really need help with a mortgage question and thought this board might be more useful. I phoned my mortgage company and asked if I could overpay £100 off my mortgage. As it was being processed I asked if it was going to be paid off my…
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mortgage at 51?
I am 50 have no assets but am thinking of buying for the first time a one bedroom flat in London. I could rent and place savings in an account or buy a property. I have just qualified as a secondary teacher on induction year. I think I have to start adding up pros and con issues in preparing for my retirement. I was…
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MSE News: Mortgage firm to pay £500,000 compensation for unfair fees
This is the discussion thread for the following MSE News Story: "A sub-prime firm must pay over £1.1 million in fines and redress for treating customers in arrears unfairly ..." Read the full story: Mortgage firm to pay £500,000 compensation for unfair fees
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Looking to move
My partner and I are looking to sell our house and move. We have approx £54k worth of equity in our home and are looking to borrow an additional £35k on top of our existing mortgage to a total of £150k. We are looking at houses in the £200k region. I have entered a DMP (for 2 years now) and have 1 CCJ issued against me.…
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Should I switch to an interest only mortgage??
My wife and I have a repayment mortgage with Nationwide for 3.5 years. Outstanding mortgage on property is £172.5k – we purchased for £250k but market value is now probably ~£200k. We are looking to sell the property, but are struggling. We are on Nationwide’s SVR (2% above base rate, therefore currently 2.5%). Our monthly…
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FA Advisors
Hello i am looking for a descent FA in the Basingstoke, Thatcham area if anyone has any good recommendations that would be really useful if you could pass on there contact details....
