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Coming to the end of fixed rate - what next
Coming to the end of our 5 year fixed rate - just abit confused where to go now.... We have 12 years left and our mortage is about £125k House has just been valued by our mortage company for £325k We are paying £1230 PCM at the moment. We dont need to add any money on, nor to we want to increase the amount of years. Our…
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halifax existing customer re-mortage info needed
...am i being blind or does halifax not have mortgage deals info for existing customers on the website? my house is worth 130k and i owe 80k what kind of FIXED RATE deal could i get at the mo? over 4-5 years? im on SVR but iam thinking i need to secure a fixed deal whilst still relatively low thanks!
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Northern Rock or Nationwide?
Does anyone have any views as to which of these would be the best to go for, assumin that they offer pretty much the same rate (4.48 against 4.49), and will lend us the same amount. The only difference is the fees. NR = arrangement (995) + valuation (includes booking fee @99) (313). Total = £1308 Nationwide = arrangement…
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Repayment to Interest Only Declined why?
Hi All, I am new to this, but am looking for some advice. I just recently sent of an application to switch from repayemnt to Interest Only with Allicance and Leicester which passed all searches and initial affordability stages and credit scores. Underwriters then got file to review and declined my application. They said I…
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MSE News: No base rate rise this month
This is the discussion thread for the following MSE News Story: "The Bank of England today announced it is holding the 0.5% historic low rate for the 23rd consecutive month ..." Read the full story: No base rate rise this month
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Aviva endowment announcement
On Friday Aviva gave figures for maturing former Norwich Union mortgage endowments started in Jan 1986 for a £50 per month policy. The maturity amount given was £25353, I have one of these policies maturing in April this year and have been paying £90 per month would I be correct in dividing the maturity figure (25353) by…
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How long will mortgage application take? Anyway to fast track it?
Hi, I have seen a property I want to buy at £120,000 I have £32,000 in savings but only want to put enough in to make it (£24,000) 80%ltv to keep some as a safety net. I earn £26,000. Would be sole application. I have a about £1800 left on a car loan which i think finishes in about 12 months. ( I know I should pay it off!)…
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recently got married do i have to change my mortgage
Hi, I have recently got married and am due to come out of my 2 year mortgage deal at end of april with santander. i also currently bank with them and have changed my name over on my account to my married name. when i go to remortgage in april, do i have to declare that i am married and thus get a new mortgage with my new…
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£50k Savings against £90K Off set mortgage??
Is it this simple??? I've got a First direct offset mortgage£90k @1.49% above so =1.99% If i borrow £50k off my Uncle and put into the FD savings account i'll only pay interest on the remaining £40K???? is there anything i've missed. He's got the money in premium bonds and gets very little back .so i thought i'll pay him…
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Remortgage to replace IO Mortgage but bad credit...
I took out a 160k interest only mortgage in 2007 over a period of 5 years and bought my current house which is worth 320k at present. In 2008, I ran into difficulties and ended up with 2 CCJ's for 8k and 3k, which I cleared later that year. They expire in 2014. I also ended up with around 8 defaults, which expire between…
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Keep existing house as Buy to Let
We're looking to move house but would like to keep our existing house and rent it out. I've checked with our existing lender and they are happy to port our existing mortgage to the new property and give us additional lending up to the required amount. The issues is the B2L mortgage. We would need to borrow about £90k on a…
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first time buyer - stamp duty
my wife and I will look to buy our first house soon but something occurred to me... my wife's parents have a second house which i'm told is part of their current mortgage. However, this second house is in our name. Does this mean when I come to buy my house that I will not be classed as a first time buyer and so will have…
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HELP - Challenging a Mortgage based on Unfair Terms in Consumer Contracts Regulations
My wife and I find ourselves in what is probably a fairly unique, and painfully unenviable situation. We are looking to challenge the validity of a Mortgage Deed drawn up by HSBC by using the "Unfair Terms in Consumer Contracts Regulations (1999)" More specifically, the clause we are looking to challenge is the one that…
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New Build house with Architect Certificate
Hi, I am in the process of trying to buy a New Build House. I got my Mortgage approved in principal by HSBC, however after the HSBC Surveyor went out to the site to value the house, HSBC have subsequently written to me, informing that the house is not valid security due to the fact that there is no NHBC certificate (or…
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Mortgage hell
My girlfriend is still stuck living with her ex partner because he wont move out. He says if he goes he will stop paying his half of the mortgage and be blacklisted. She cant afford both payments and is terrified of becoming bankrupt because of this. She has looked into this and even if I help her out she has to pay £1000…
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Buying out an ex spouse
My mums mortgage finishes in 18 months time and £79k is payable when it does. My mum married in 1988 and bought the house she lives in now in 1989/90 My stepdad didnt hang around long and moved out in the early 90's and hasnt paid anything towards the upkeep/improvements towards the house/mortgage or even child maintenance…
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New mortgage
Can anyone tell me where I can get a 25 years mortgage i am 47 years old and have a mortgage just now. selling property and have a good deposit for the next purchase.
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Interest only mortgage??
Hi all,i have a 130k mortgage over the next 18yrs the house is valued at 300k...I`ve been paying interest only for a yr as my wife has been off looking after our 1st child....She`s now back at work for 3 days and our monthly payment is 170 pounds,,,if i revert back to repayment it will be 700...I`ve recently lost two young…
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First Mortgage...First Problem
Hi All! I've just had an offer accepted on a £177k house...got all excited, and then realised that was the easy bit. I've spent the last few days biting my nails off trying to figure my way around the mortgage market. I've had a financial adviser look at mortgages a few months ago, but my case is abit complicated and I'm…
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Fixed rate ending soon
Good evening This is my first post. Hoping to get a bit of information on the best way to go. ( I do know that the question I am asking is a “how long is a piece of string”) But wondering if you can advise some options. Took our first ever mortgage out in 2006 (fixed rate mortgage for 5 years), this is ending in march…
