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Nationwide Mortgage Holiday
Took out mortgage just over 12 mths ago, on a new home, we had undertaken alot work over the past few months, and original budget for improvements were insufficent. I approached my mortgage lender (nationwide) at branch to ask what options are open to me. LTV on my property is 65%, but mortgage provided is maximum my…
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Title Deeds
My daughter has just received the title deeds of her property through the post. She has only lived there for 5 years and still has an outstanding mortgage. Should she hold on to these?
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house undervalued
im trying to remorgage my home and add £25k on to build a double garage on my drive, pay off credit card, im with the woolwich. i have heard from them today and they have valued my home and it doesnt cover enough for the amount i want to borrow, i feel and so does my morgage advisor they have really undervalued my home and…
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Mortgage Application and Car Credit
HI My Husband and I both lease hire our cars from UK leasing companies. How are the payments viewed compared to car finance or a personal loan - or as its a regular payment is it treated the same. I have 12 months left on my lease and he has 16 months on his. Wondering if mortgage companies look as these kinds of lease…
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Bad Credit Mortgage/Guarantor Mortgage
Hi, Just a quick question, looking for a bit of advice. Can anybody recommend a mortgage lender that will deal with a guarantor for a mortgage? Or, can anybody recommend a mortgage lender that deals with bad credit? My partner is looking for a mortgage but has defaults on unsecured credit but her mother is willing to go as…
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Northern Rock SVR Help
I have read through the posts but wanted a little more advice on what to do. Currently our mortgage with northern rock runs out in oct of this year after taking out a 100% mortgage fixed for 5 years at 5.99% for £140,480. This means our mortgage is £800 a month which i doubt we could afford more than. Our original aim was…
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Mortgage Audit
I would like to have my Mortgage Audited, where may I find a buisness/profession that would do this? Its in its final year and I note some odd costings and have little faith in their assurances! Thanks in advance...:)
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Wanting To Move Help Needed
Hi all, Looking for advice we are currently looking to move to a new build property and will have a 10% deposit available for the mortgage.My current mortgage provider will except 10 % but Iam looking to compare with others also any advise on getting accepted been knocked back over a year ago and nervous this will happen…
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Buying a new house?
I am on a fixed rate mortgage until July but I want to buy a new house...what happens to my mortgage???
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cashing in Endowment v repayment part & part
Hi all, I have been dwelling on a conundrum for far too long now.... I have a mortgage (just in my name for last four years) at first I was horrified to be handling a mortgage that me and then partner were always thinking a burden (we did spend more! - living to means) since then I have been really frugal and managed to…
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Question about applying for our first mortgage
This will be our first mortgage. We are looking to buy a house around £150,000 with a 10% (£15,000) deposit in around 3 or 4 months. My salary is £85,000 and my wife works part time and her salary is roughly £8,000 per year. My questions is , we have 2 credit cards in my name, totalling £14k and 1 in her name totalling…
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redundancy in 6 weeks and mortgage due for renewal
I have been told today that my job will be made redundant and my mortgage is due to be renewed and I have an appointment with my mortgage man in a weeks time. I wont have a problem getting a new job and paying for the payments but I just want to know where i stand. I guess I will have to tell the mortgage company that i am…
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FTB with a couple of questions
myself and my partner have found the ideal house at a very good price but we only have half the deposit so my parents are willing to lend us the rest of the money with no rush to pay it back. we have done an online search for quotes and britania have come back with a competetive price and very good fees compared to others.…
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Advice Mortgage v Job Security
Hi, Currently have a 5yr fixed deal which is coming to the end in Aug 2011. I would like to get another fixed rate for 5 years currently about 85 LTV, but in the current situation (wife works for council and my job could also be at risk) I've been contemplating a Interest Only 5 year deal with the ability to flex the…
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Help - First time buyer
hi i'am hoping to recieve some advice on what to do after having our first mortgage application as a first time buyer declined. we applied for a HSBC fixed rate mortgage for 2 years. the application has been declined due to not reaching a high enough credit score. although the MA from HSBC could not give exact detail as to…
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Nationwide mortgage in 2 parts??
Hi, We have an exsisting fixed rate mortgage with Nationwide which is due to expire end Apr 2011 and there's a possibility we might need additional borrowing before then due to a house move. Called Nationwide who said it was possible but I'd be on two different rates (that's fine) but once the end of April comes we can't…
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Endowment shortfall
Hi There, Just joined the Forum, and I have a few questions. We obtained a £25K endowment in 1992, it was obtained directly with the biggest lender at the time and direct, no 3rd party. It was the " with profits " that attracted us. Mortgage is due at end of year, and they predict with an 8% fig we should get £25.5K.…
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Endowment terminal bonus
Hi all I had an endowment mortgage that ran for the full 25 year term, however in 2002 (approx) when it matured the Co-0p / CIS stopped paying the terminal bonus which meant I got significantly less money (some £25k plus). I had been advised by their representative in 2000 when I did I financial review with him that…
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Is this correct?
Hi, i'm just checking that there really is no other option for us other than waiting and saving. We owe £108,000 on a property that is worth around £135,000. Up to now we only have 5k saved. The way the mortgage market stands at the moment, we obviously require at least a 20% deposit on any property we choose. Does this…
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Seeking advice and opinions!!!
Our 5yr Fixed rate with A&L ends on 31 May, reverting from 4.84% t0 0.99% above base (currently 1.49%). We have 120k outstanding, house worth 140k. 20 years repayment left. We have a joint income of 50k, no loans, no credit card balances and have will have in the region off 10-15k cash available to pay off some of the…
