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MSE News: Halifax to hike standard variable mortgage rate for new borrowers
This is the discussion thread for the following MSE News Story: "The government-backed bank's SVR for new customers will rise from 3.5% to 3.99% on 4 January ..." Read the full story: Halifax to hike standard variable mortgage rate for new borrowers
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Outstanding liability to mortgage co
Really hope someone can give me some advice. My partner has just received a letter from a solicitor in repsect to an outstanding liabaility on a house that he used to share with his ex that has now been repossessed. It amounts to almost £16,000. He split with his ex about 5 years ago and walked away from the house. At the…
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What happens if he dies?
Hi All, I left my ex a few years ago and we got a court agreement drawn up that he would pay me half the equity of the two houses we owned together over a period of time and once the last installment had been made he would remove me off the mortgage. Well the stupid bloke has been lying about his income so that he doesn't…
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Getting a partner off the mortgage
My partner has left me and I want to continue the mortgage on my own. I was going to ring the mortgage company to ask about it but am still in a bad way following the split and want to get my head straight first so looking for some advice here first. Bought the house in joint names (tenants in common) in 2005 for £190,000…
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help/advice on re-mortgage?
Hello everyone I hope there is someone out there who can offer myself and husband advice on our situation. we have an interest only mortgage for 64k which is due to finish in Feb 2012, due to financial problems we cashed in the endowment several years ago but still pay the interest monthly. our property is worth 235K. we…
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Can I buy a house?
I have been saving for a house for a while now with the intention of buying with my partner. She has now gone but my house buying ambitions have not. I am earning just under £35,000 before tax a year have no loans (only a monthly phone bill of £20 and travel costs of £35). I live in the Croydon area and ideally would like…
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Mortgage question and advice
I currently have an offset mortgage with FD. My flat is worth arounf 450k and the outstanding mortgage is 150k. I'm looking to sell and to buy a bigger property. The flat I'm looking to buy will cost in the region of 650k so I'm looking to put a deposit down of 300 and look to get a mortgage of around 350-375. hence my max…
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Esurv are coming - OH JOY!!!!
Following a remortgage application last night with ING this morning I had a call from Esurv to carry out a valuation. Their usual rude customer services stating when I need to be here not asking when could I be available Is there really any point them coming out they are a complete waste of time. They under valued my last…
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Nationwide Payment Holiday Help
I just called up Nationwide to enquire about a payment holiday. Previously they have said that I was entitled to a holiday of 12months but their new rules because of the "current climate" now mean that they will only give 6months. They say their decision is based on the LTV of the property (£220k with 80k equity) and the…
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Utterly incompetent solicitors - but they're not ours!
Hi all. I wonder if anyone on this forum knows of a way to exert pressure on the solicitors acting for the seller of a property? We are the buyers of course, or we hope we are. Without going into detail, our offer on a property was accepted three months ago, the mortgage offer is sorted and the process we have been through…
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Numpty mortgage question
Evening all, Are lenders generally reasonably flexible regarding changing the dates that payments are drawn? I have a Halifax mortgage and am concerned that it is going to get taken on the day I get paid next month and as such was concerned that the mortgage might get taken before my salary goes in. Am I worrying over…
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What's my chances?
Hey all... First time buyer here ... (Hopefully) Right... Ive been offered to buy my nans neighbours house... It was valued this year at £115,000 Ive been told that if i want to buy it they will let me have it for £75,000 I have £8,000 in savings No debt, My annual income is £23,000 But my credit score comes up as poor :(…
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Mortgage offer. Do we get a paper copy or just solicitor?
Our mortgage advisor told us yesterday that he had an email through saying the mortgage had been offered to us. I know as of today the solicitor hadn't had their copy. Do we get a copy as well or does it only go to the solicitor? Thanks
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Incorrect balance
Hi there, I am currently half way through my 3 year fixed and contacted my mortgage company to request a balance. I was told £93,359, please that I got under the 100 point I increased my payments from £827 per month to £850 to try and reduce it again. A couple of days later I received a letter stating my new mortgage…
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Re-mortgage advice
Sorry if this kind of question pops up a lot. I have read through all the threads till my head hurts. Our financial situation is as follows. House price £290,000 Mortgage £190,000 Savings £30,000 Joint income of £50,000 and £20,000 Probable on going monthly savings £600-£800 (Could be more) Our 5 year fixed rate (5.09%)…
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No NHBC or structural warranty - Help
We self built our house two years ago and got an architects certificate at the time to get our self build mortgage, we are now at the end of our deal and want to fix in case interest rates rise, the problem is, i've tried first direct and hsbc and neither will give us a mortgage because we dont have a structural warranty…
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Nationwide Mortgage Offer
Hi We have finally received our mortgage offer from Nationwide, our solicitor will be requesting the funds on friday (moving date on monday) does anyone know if nationwide will do a further credit check on friday before releasing the funds? Thanks
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Mortgage question....
Im hoping someone can help or advise. We have a financial advisor before people ask, we currently live in a flat we have re-mortgaged once our 4 years fixed rate finished and we took out a fixed rate which has us fixed till 2013. Now we took the mortgage as we were intending to look at moving to a house in 2011.and our…
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Breakdown of relationship- mortgage advice
Hi There, Just after a bit of advice. Relationship with partner ended last September (2009) and I have been paying mortgage since then. We took out 100% mortgage in June 2006, interest only for 3 years. Mortgage was for £103,500, currently owe just less than £100,000. I have been paying mortgage on my own since September…
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interest only mortgages
i was told yesterday by a well known bank that the FSA no longer want people to be able to have interest only mortgages, even when i have a 3rd of the value of the property to put down up front... can this be right? as i thought mortgage companies would want my custom, i don't see how they can lose... i wonder if that…
