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Mortgage early repayment - Reduce length or monthly payments?
Hi all, I've tried to use the search function for the site but not found any similar threads dealing with this issue, apologies if I've missed another similar thread. We are about to buy our first home, and are going with HSBC's lifetime tracker at 80% LTV, mainly because we intend on making overpayments as and when we…
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How much of my mortgage should I pay off
I'm coming to the end of a 2 year fixed rate mortgage. The outstanding balance is approx 130k. I have 120k sitting in investment funds. I generally work on the basis that I can get 15%-17% growth on my investments in a year. So I'm wondering what my approach should be towards paying off my mortgage asap. How much of the…
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What's roughly the apr% on a buy to let these days?
I'm thinking of a 2nd property to let as a holiday home. But don't really know where to start working out if it's feasible or not. From a previous thread - am I right in thinking that if I am only offering it to let in say May, Jun, Jul and Xmas - I can take a normal residential mortgage? Or if I offer it all year - I'd…
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Seller refuses to pay for unsupported chimney breast - what should I do?
Hi all, Looking for some sage advice here. Have had a shoddy waste-of-time Homebuyer survey which has failed to pick up the fact that the chimneys have been removed in a botch job and are illegally supported by a couple of concrete slabs. Builder mate will testify but Estate Agent is insisting on a surveyor report to…
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Silly questions...
Hi all, probably a daft question but I actually don't know who to ask on this. I'm just wondering, at which point I'll be in direct contact with my mortgage lender, and at which point we set up the DD for the mortgage etc. We're due to complete in about 2 weeks, so will it be a case of completion, and then ringing the…
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2 mths left on mortgage - erc
We are tied in our mortgage till the end of Dec this year. We have sold our house and an offer accepted on our new house. The problem is our current mortgage provider won't give us the extra for our new house therefore we have to move to a new provider, hence there is now a £4k early redemption charge (which we were aware…
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Mortgage Direct debit
Does anyone know if I will be penalised for cancelling my mortgage diect debit and paying by card or cheque? I don't always have the money in the bank on the correct day. Every time the dd isn't paid the bank charge me so it would be cheaper for me to pay another way.
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remortgage help
we have 2 variable and 1 fixed rate mortgage on our house all with the same lender, but feel we could get a better deal. Where do we start?
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First time buyer mortgage
If I go onto the mortgage with my partner will it affect me getting a first time buyers mortgage down the line? Also if I purchase a property and rent it out and it is my first property do I have to have a buy to let mortgage and therefore more of a deposit? cheers all Marianne
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Mortgage/Divorce help
Sorry if this is not relevant to this part of the forum, but I wasn't sure where else to post it....! My other half is currently going through divorce...the decree nisi was issued in July. We completed on our mortgage at the end of July. We were waiting for the absolute to come through when the other day we randomly rec'd…
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Do I keep my mortgage going?
We have about £4000 to pay on the mortage and could pay it off with a lump sum:j. We are thinking if some building work that will cost about £10K. Do I keep the mortgage alive by reducing monthly repayments and up the loan to finanace the building work? I guess the interest rate will be much better than taking out a…
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Are northern ok to use now?
I'm just about coming to the end of my fixed term with first active and i spoke to a mortgage site. they said the one they would recommend on the info given that i go with Northern Rock, are they ok to go with or not? I havent a clue about mortgages and need abit of advice. thanks
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Can anyone offer any advice please?
Hi everyone I'd appreciate any advice on the following. I am currently paying 4.99% (SVR) with my current lender. I have some money that I can put down to reduce my outstanding balance to 78k before I get a new deal. My house is worth 150k and was valued recently. My earnings are 27k. I have no credit card debts etc but…
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mortgage broker help please
Hi, I posted a while ago about getting a mortgage and keeping our existing home to rent. Took advice at the time on board and put our house for sale. Long story short havent even had any viewings and it's up for sale for less than we bought it for 3 years ago despite us spending about 20k doing it up!!! Anyhow, the agent…
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Divorce Advice - New Mortgage, Save or invest?
Hi all I would be very grateful for any advice/thoughts/recommendations on the following. I am unfortunately in the process of getting a divorce. My husband and I have 4 properties - 2 of which we are now living in separately as our PPR's and 2 of which are rented. The 2 rental properties and the property my husband now…
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overpayment/lump sum question
Hi All My mortgage deal has recently come to an end dropping from 6.5% to 3.5% SVR saving approx £250 per month. I am planning to do overpayments of this amount on a monthly basis (interest is charge daily so I believe it doesnt really matter when I overpay?) Do I need to let my mortgage lender (halifax) know that I am…
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Can Bank of Scotland renege on a mortgage offer
Hi, urgently require some help as I am banging my head against a brick wall with the BoS and am on verge of losing a sale and purchase of house. After previous discussions, and product confirmation, on 27 August we received a formal mortgage offer from the BoS to port our existing mortgage from our existing to proposed…
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MSE News: Repossessions lowest for over two years
This is the discussion thread for the following MSE News Story: "Some 9,978 homes were taken by lenders in the three months to the end of June, the smallest figure since early 2008 ..." Read the full story: Repossessions lowest for over two years
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Endowment- how do I get the money I'm owed?
Hi all, I am very new to this site and am looking for some expert advice on what to do next! Basically, 14 years ago (when I was 18) both my partner and I took out separate endowment policies with Royal London which were to last for 12 years. I faithfully paid into my endowment and it matured 2 1/2 years ago. However, my…
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Credit problems
I have 2 CCJs on my credit file from 2005 and 2006 both satisfied. When will they be erased from my file? when they were issued or when they were paid off?
