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Unsure about Postponement/Repayment?
Unsure about the wording from a letter that my dad's recieved regarding his deed, was wondering if anybody could help clarify; "We note that from the Title to your property that you have a charge registered against your property." "Please remember we are acting for National Westminister Home Loans Limited only. Therefore…
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How to calculate LTV?
Hi there in Nov 2007 I have started my mortgage payments with, what was then Bristol & West. I always get a statement in March/April, but want to know what my LVT is now. How can I calculate this? I can find out what was outstanding as of Spring 2010 (from statement) I know what I have paid since then and I know what my…
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Early Retirement Pay off Mortgage
Hi I am taking early retirement - i will get a lump sum of 145K which is my outstanding mortgage - the issue is that i have a terminal cancer and may not live longer than a year - should i pay off my mortgage now or put the money into isas etc - which would be best for my estate. Thanks
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Mortgage on fixed term contract
Hi, I have recently joined and have been able to get some great advice. My Sister is looking at buying a house soon. She is on a fixed term contract of 4 years and currently 6 month into it. Will she be able to get a mortgage?
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First direct tracker - anyone got any feedback on them?
Hi, Been shopping around for a new mortgage deal and came across First direct as the best deal. Anyone had any dealings with them? I usually go to a broker who does everything for but they cant get this mortgage. Thanks in advance, Richard
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Remortgaging with bad credit history
Hi I currently have a residential mortgage with lenders permission to let on a property with Coventry on a SVR basis at a rate of 3.95%. I'm getting the feeling that now may be a good time to fix the rate but as a) I don't live in the property and b) since I took out the mortgage my credit rating has slipped (nothing…
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Silly Question but mortgage clutz!
My 5 yr fixed rate term is due to expire in June 2011. It is currently at 5.29% interest only with Northern Rock. we will automatically revert to the SVR which stands, I believe at 4.79%. I am trying to work out money etc and does this mean that our mortgage payments will come down automatically please? Or does this only…
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mortgage supplier need help urgent
hi i hope this is the right place as i need some help i sold my house 3 years ago i was with Moorside Associates but they sold the mortgages to another company i paid off the mortgage soon after as i had come into some cash now this is the freaky part of the story i had bailiffs come to my current house asking for 3 years…
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Help on DMP trying to get a Morgage
I'm currently on a DMP (Debt Management Plan) but trying to get a small Morgage for a part rent part but property but with no joy. I am a first time buyer in need of Advice as i am curently not getting very far. Any help would be gratefully received. Thanks Inadvance
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Urgent advice needed
Hello, I bought a house with an ex-partner. We bought the house for 195k with a 15% loan from my dad for the deposit, we signed an "acknowledgment of debt" document saying "on sale or devolution of the title, the sum of XXX will be paid back" and "any shortfall deivded equally". The problme is that we broke up and things…
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Fixed to tracker
Hello My fixed rate deal is coming to an end in the next few months (currently 4.84). It reverts to a tracker 0.99 + BOE base rate. 1.49 seems like a pretty good deal, but as the only way is up with interest rates, I am wondering whether it is better to get a fixed deal now or go with the tracker and use any money saved to…
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Shared Ownership remortgaging - what is my LTV?
Hi, I am currently on a 5 year fixed rate mortgage which is due to run out at the end of April. Just wondering how i work what the LTV is on my mortgage? We have a shared ownership property - owning 50% of the home. We got a 100% mortgage 5 years ago for 100k. Our current mortgage balance is approx 95k. Does this mean that…
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? joint mortgage responsibility for losses
i have a real problem and not sure where i stand, i made the mistake of trusting someone enough to talke a joint mortgage, i did have the sense to draw up a declaration of trust with solicitor and witnesses the relationship ended 8 months ago he pays nothing to the mortagage now, but still in joint name. the declaration of…
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Re-mortgaging with public sector job?
We bought a house in September last year on a low rate tracker with unlimited over-payments and no exit fee, so that we could move to a fix if/when we got uncomfortable with interest rate rises. At the moment if all other things were equal our plan wouldn't be to re-mortgage. We are currently over-paying by an amount that…
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Where can I sell a Unitised with profits endowment?
Looking to sell a unitised with profits endowment but so far I have yet to find a company that will buy them as they are not 100% with profits. Can anyone recommend a company that wil buy this from me?
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MSE News: Homeowners urged to hurry for top mortgage fixes
This is the discussion thread for the following MSE News Story: "Nearly a dozen lenders have either withdrawn or increased some of their fixed rate mortgages during the past week ..." Read the full story: Homeowners urged to hurry for top mortgage fixes
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Yorkshire or first direct?
Any advice appreciated, shall I stick with my yorkshire building society mortgage. just finished a 5 year fixed at 4.84% owe £39000 on a house valued at £250,000. The rate will be 0.75% above base rate. although it is capped at 3.75%, so I have got room for some interest rate rises. or Should I move to the First direct 5…
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Mortgage as a % of household income
I've seen some historical stats on the web that say a range of morgage to income is from 16-24%..... seems a bit unrealistic to me given the way house prices have shot up versus earnings in the recent past is there any rule of thumb for mortgage cost as a % of gross or net household income?
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Discount Mortgage?
What is a discount mortgage, I have seen one advertised: Our opinion: DISCOUNT – Loughborough BS are offering a 3-year discount rate of 3.99% for those with a 10% deposit. There is a £199 arrangement fee and an early repayment charge applies for the first 3 years. Is this just like a fixed mortgage? Loughborough BS
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Can I pay early redemption fee and then go on standard variable?
I have a mortgage with the Halifax on a fixed rate at 6.1%, it was fixed for 5 years and I'm two years and three months into it. I have an early redemption fee of £6000. The standard variable rate is 3.5%. Interest a month at present is £833 a month, interest on 3.5% is £466 a month. A potential saving of £2500 to £3000…
