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What's your rate...?
Interested to know the average interest rate.....? I'm on a variable with the Nationwide of 2.5% Is yours better or worse...?
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Help and advice on Mortgages/buying a house
This afternoon, my fiancee and I are going to have a look at a house. A couple of friends of ours just bought one of a development of new builds and it appears to be an absolute bargain. All we really know at this stage is that it is really cheap, there are only 2 left on the market, and that they are part of a "shared…
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getting mortgage partner iva settling
my girl friend is settling her iva with a lump payment.she earns £25000 p.a im self employed and earned £4500 .I get working tax credit and child tax credit of £9800.can i use the credits as income to get a mortgage.also would i be better just to go on my own for a mortgage or include her.would this harm my credit…
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Should I fix my tracker
Hi, Im on a nationwide 3 yr tracker with a rate of 2.64 + base rate. Nationwide have a facility to fix mid term to a nationwide fixed term without paying ERC. Their current deals are 2yrs 4.19%, 3 yrs 4.49% and 5 years 5.09%. We have 2.5 years left with a balance of £126,419.40 and are overpaying £500/mth. Should we fix or…
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Overpay each month or reduce the years of mortgage?
This is probably the type of question that exposes the newbie/amateur mortgage sleuth...... Say my mortgage was £900/month over 25 years or £1350 over 15 years - what would be best - i.e. to reduce the overall mortgage - overpay £450/month on the 25 years option or go for the shorter number of years option.....or do they…
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Is my Sister stuck...
My Sister took out a 10 year fixed rate of 6.99 in 2006 but with a good cashback deal(so she was told). She recieved her statement today and her outstanding mortgage is 52k with a approx 7k early repayment charge. Her house is worth approx 200k. Is it worth her seeing a broker to see if they can get her a better deal??…
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Offset advise please
need a bit of help ,or probably a big bit of help ,I do not understand mortgages ,i am a mortgage idiot, that explained I can now tell of my dillema ,i have a offset mortgage ,it wasnt big to start about 31000, ,it was due to end in 2018, this nov it was down to 26000,I overpayed 5000 and it dropped to 21000 I have since…
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What should we/can we do?
Hi all, can anyone help? Current mortgage of 161k, house value 182k - so what 11% LTV. On NR's SVR. Husband is a contractor. I now understand what 'money tied up in the business' means. We want to get the LTV to 25% and get into an offset mortgage. But to do this, we need to close the current business to gain access to the…
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Mortgage while on DMP?
Hi - I haven't been on the site in a while, but thought it would be the best place to get some advice. My husband and I have seen a house in another area where you get more house for your money. This would reduce our mortgage payments by aprox £200 per month. The problem is I am on a DMP at the moment with £11000…
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Do i need to pay my £2800 mortgage get out fee???
Hi i was hoping someone could help me please? I have a 5 year fixed mortgage with approx 2 years left to go. I am buying a new house on a shared equity deal so i can not move my current mortgage with the new house. Unfortunately my current lender wants £2800 to cancel mortgage which i think is in paper work form when i…
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HSBC 2.3% tracker - limit of 5 mortgages?
HI. My variable mortgage with bank of scotland has shot up to 4.84 and I'm looking for a new one. I called HSBC regarding their 2.3% 60%LTV tracker and was told that because I have more than 5 mortgages already (my business is renting out houses, I currently have 8) they will not offer me a mortgage. I don't understand why…
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porting my halifax mortgae
Can anyone confirm the cut off date for porting my mortage, my 3 year fixed runds out 30th April and I am considering moving before, I know my mortage is portable but the Halifax will not confirm the cut off date for porting. One lady says 1 week before the other says 1 month and another advisor says 3 months? Very…
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which deal would cost me less?
Hi everyone I'm on the SVR of A&L at the moment - 4.99 - and have been dithering about what to do for many months. Now I'm regretting it as most portfolios have been updated and the longer fixes with good rates have vanished. Anyway, A&L have offered me the following and I can't work out which would be better value in the…
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Mortgage Lump Sum Payment
Should I make a one off payment if I am planning on moving house in the next 6 months? Current Mortgage is say £115K My Property Value is say £125K If I put down £10K I will save £850 approx per year. I don't need the £10K but I'm worried I'll need it when I'm buying in 6 months. Everything I've read points to paying off…
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Getting a mortgage after an iva
Please can anyone help. Me n my husband entered into an Iva approx 4 years ago after paying into it for two years we bought out of it early...now 2 years later we are wanting to move home..where is the best place :oto go for a mortgage?
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looking for new mortgage whilst on DMP
not sure if this the right place to post but ill give it a go.... my mortgage doesnt run out until oct 2012 however i have just joined a DMP. when my mortgage runs out i am looking to possibly sell my house and get a joint one with my partner but what are the chance of this happening? i havent defaulted on anything (yet)…
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HSBC tracker v Staying on fixed rate
Just wanted some advice from you experts on here! I am currently on a fixed rate of 5.63% (2 years remaining) but I am really tempted by the HSBC tracker deal of base rate plus 1.79%. To come out of my fixed rate would cost around £2500 - do you think i should do this or stick to my current deal as interest rates could…
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Mortgage Agency Services Number Five Limited - MAS No.5 - Insurance Problems
DO NOT USE... MORTGAGE AGENCY SERVICES NUMBER FIVE (not that most people were given a choice). Not to blow my own trumpet - but I do have an excellent credit rating, and have never missed a payment with MAS or anyone else for that matter, but I have STILL had problems with MAS Plymouth Branch. At approximately the time the…
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Question about the disparity between BoE base rate, and Banks mortgage lending rates.
Question about the alignment (or disparity) between BoE base rate, and Banks mortgage lending rates. At the moment the base rate is 0.5 but banks wont do a mortgage for much under 4%. If the base rate was to rise to say 5% would there likely be a convergence between this and mortgage rates, or would mortgage rates be…
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Porting a mortgage - advice please
Hi all 1st post so hope you can help. I have decided to take control of my finances... im struggling to get by paying bill on time, they get paid in end but its the start of a spiral so im wanting to get out of it before Im forced. I have a mortgage with northern rock, now NRAM. House valued last week at £130,000 I owe…
