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Bank of Ireland Mortgage - Which Surveyor?
Hi All Can anyone tell me which Surveyors the Bank of Ireland use. Do they use the big national surveyors (Colleys/Countrywide) or will it be passed to a local surveyor?
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16% rates - were they added on to fixed mortgages?
I'm sorry if this is a silly question, I'm just a young'un and don't really know much about what happened in the past with the huge rate hikes under Thatcher. But my dad told me they were on a fixed rate mortgage when it went up, and they owed around £60k or something, then when their rate ended they were told the…
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3 or 5 year fixed ?
I'm getting my first mortgage in 10 years, and can have 4.17% fixed for 3 years or 4.99 fixed for 5 years. The gamble it seems to me comes down to what products will be available at the end of the fixed term. I'm worried that the market will be an unpleasant place in 3 years and that 5 is a better idea. But wondered if…
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Mortgage Direct Debit - How long after completion?
I have just bought a house and completion was last Friday 28/01. I am checking my account everyday, but the Direct Debit has not been setup yet. I have opted for payment on the 15th of each month, so just a week and a few days away. How long does it usually take for the Direct Debit to appear on my account after completion…
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Remortgage Advice
Hi, After a bit of advice if possible. I am coming to the end of my fixed rate deal and want to remortgage for another 5 years for security. At the beginning of last year I was unfortunately made redundant and had to live away during the week for a large portion of the year. This meant that I couldnt pay off my debt and…
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Overpayment v part repayment??
Please delete posted twice sorry.
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Overpayment v part repayment??
Hi, We've 7 years left on our Mortgage and have been looking to set up a new 5year fixed rate when our current one ends in May. We're happy with the rate offered by our current lender, no set up fees etc so a simple change over. If we change £8000 to repayment (£51600, on interest only at present), this would increase…
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Is it really a Minefield??
I am currently in the process of looking to buy a house. What will technically be my first as far as the FTB mortgages and stamp duty are concerned. I am buying the house with my girlfriend, but hope not to have to use her on the mortgage, as she currently has one, and therefore I will be free for stamp duty up to the…
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A slight disagreement on mortgage arrears
Hi Sorry, this is a bit of a long vent. Summary version: Have I got a hope in hell of getting any joy out of a written complaint to Nationwide about arrears charges that were really my own fault out of ignorance of the rules, but that they let build up for 6 months without contacting me (in fact they never contacted me, I…
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Mortgage decisions - advice required
LTV approx 93% ish. Wife due a baby in July and planning on moving next year to a bigger property. We're on interest only with the N Rock srv of 4.78% and are taking a bit of gamble as they rates could rise any time. We do overpay each month and could comfortably afford should the rates rise by a few %. We do have savings…
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Broker % higher
We have recently met with a whole of market mortgage broker who advised us on a fixed rate with nationwide based on our circumstances. After having the meeting, i have been on the nationwide website, and it looks as though the interest rate is lower than he advised.... The broker will be charging us 1% on the amount lent.…
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Mortgage Experts::: Is this possible??
Looking for a bit of advice. I earn £25k per year, have a current mortgage of £58k house now valued £72k. I work in the Financial Services therefor can borrow 4x my Salary. I have seen another house for £55k i would like to buy and live in whilst i rent my other house out to cover the mortgage which is £269 per month. I…
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Mortgage choices for 66 yr old
Hi, a family member has recently fallen ill with heart problems that means she can no longer work. She took out a mortgage about 4 years ago over 15 yrs I believe. She has been told she will get pension credits and has applied for carer allowance but is looking at possibly only £140/week income. Her outgoings are about…
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When does the Bank of England meet to set interest rates?
Hi all, I've tried researching this but can't find a definitive answer so maybe someone here knows. When does the Bank of England meet to set interest rates? I saw it suggested the first Thursday of every month, and announcement the following day at 12pm? Is this correct and are they meeting tomorrow? Also, do the banks…
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FTB Advise needed
Hi All, Myself and my partner have had an offered accepted for a flat for £142,500 and now we have to go about getting a mortgage. We have a 20% deposit and a combined income of £56,000 with potential to earn more through bonuses. No children. Both have clean credit histories and no debt. Can anyone please advise on what…
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Re-Mortgage while on Benefits. LTV54% HOW?
I'm on Sickness Means Tested Benefits, Single, Minimum House Value £275,000. Re-Mortgage needed £148,000. Good Credit Rating, Never missed a Payment, I have a small Overpayment reserve. I keep getting turned downed everwhere. My DWP Interest-Assist Payment covers my Present Mortgage Interest. I'm coming to the End of my…
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Will I get Approved?
Hi all. I have recently had an offer accepted on a house (I am a FTB), and chose HSBC to try and get the mortgage from. They had the best rates by far on 90% trackers which is what im after. Originally I had the DIP, and then I went through to the telephone application. Took about an hour, and all seemed to go fine.…
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Halifax PEP help please.
Hi, first-timer here. I took a 25-year PEP through Halifax in 1997 to cover a mortgage of £33,250, but have received a couple of amber warnings over the last couple of years. I was told by somebody (can't remember who, but I trusted them) that it was often the case to receive these warnings even if it was on track. When we…
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FSCS and Offsets
Hi all, My wife and I have an offset mortgage entirely offset by our savings. The total is well over the £170k FSCS joint threshold. Given the changes at the start of the year to "gross" payments if the BS goes bust, can anyone advise what the situation is regarding the money in the savings account over £170k? Accord (the…
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First time buyer questions
Hi I have found a house i like, and have been to an independent mortgage adviser, my big problem is fixed or variable? Fixed rate is for 2 years at 5.8% while the variable is at 4.58, means lower monthly payments at the minute but what are the chances of interest rates rising and by how much? Please let me know your…
