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Help with Lease Options
Hi All, Please help! My wife and I have been trying to sell our house for a couple of years. We recently contacted a local sell-it-quick company (a two man band by the looks of it). The man came round and went through some basic figures with us, and said that based on the figures he would not be able to help. A week or two…
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Fixed Rate Mortgage - question
Hi Just wondering, if you have a fixed rate mortgage I'm aware that the rate is fixed. However as I keep hearing mention of 'gives you the security of knowing that your payments will remain the same...' about them, does this mean that the payments will remain the same throughout the life of the fixed rate deal. Or, do the…
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SVRs - question
I keep seeing postings by people who may be dropping onto their bank's SVR once they reach the end of the mortgage deal. I kind of know what an SVR is but is there a list of all the banks and their SVRs rates so I can compare them with my own banks (Sanatanders) - I've tried looking for a site online that does this? It's…
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Higher deposit or pay off loan?
I am back to saving for a house now and wanted a quick bit of advice on the best way to proceed. I recently got a £10k loan and now can only get a mortgage of around £70k (last time I checked) with the £10k deposit that leaves me looking for a property of £80k which isn't really viable. Before I got the loan I was looking…
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End of Fixed rate, complete mortgage airhead needs advice please!
I am not very good with money/mortgages/maths in general and would appreciate any advice that anyone may have. We are coming to the end of a 5 year fixed rate deal repayment mortgage 4.79% with C&G, we will automatically revert to their standard mortgage variable rate which is currently 2.5% (paperwork states it is capped…
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Legal Charge For Loan - Your Guidance Please
We've been rather silly and built up substantial debts on our credit cards. The banks are now killing us charging 25% interest (let's have the discussion some other time on the morality of this). Very luckily a friend has come into some money and offered to loan us enough to zero the credit cards. Quite reasonably she…
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Right to Buy mortgage
Hi folks, my first post! :D ok here goes... I want to buy our council house and have been offered a 50% discount on the property value. I have no savings whatsoever for a deposit. Can I get a mortgage for more than the purchase price considering its a right to buy property? cheers Mark
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Mortgage AR or Introducer ?
I have my CEMAP and am considering becoming an AR for a morgage network. I have some experience of introducing clients to mortgage brokers, but not of arranging mortgages, as that entails FSA authorisation. I am confused as to the requirements necessary to join a network as an AR, whats the best network to join, and what…
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Mortgage advice needed
Having just made the final payment on a 25 year endowment policy, which has a short fall despite winning a claim for being misold, im told by my mortgage lender that i still have another 8 months left on my mortgage. This i knew, as the mortgage has two sub-accounts, one interest only, for which the endowment that has just…
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Gifted deposit from a partner
Does anyone know whether a mortgage lender will accept a gifted deposit from a partner provided that they are happy to declare no interest in getting it back? My boyfriend has money from the sale of a property and would like to give some to me to help me buy a house but I'm worried that, because it isn't coming from a…
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Please help, very frustrating situation
Good afternoon, I have just signed up and hoping to receive some good advice, so hello to you all. I am in a very frustrating situation. I am looking to move house as my current has just sold (so not a first time buyer) and have a deposit ready and waiting of £50,000 for the next property. I am in a secure public sector…
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MSE News: UK economy returns to growth with mortgages up, too
This is the discussion thread for the following MSE News Story: "Millions of users have been warned their personal information, including credit card details, may have been stolen ..." Read the full story: UK economy returns to growth with mortgages up, too
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Remortgaging having just changed jobs - Will anyone lend whilst on probabtion?
Our property has been for sale for some time and we have just received an acceptable offer, however I have just moved jobs (within the last month) and am currently working a 3-month probationary period. Despite having more than 25 years of unbroken employment and no mortgage payment issues ever, my current lender will not…
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Interest Only Morgages
Hi, I currently have a Woolwich lifetime tracker Interest only mortgage which tracks the BBR +.29%. Therefore the current rate payed is 0.79%. I would like to overpay is this possible or what other options do you suggest?
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Define a First Time Buyer
Now I know this sounds like a stupid question however, what do you define a First Time Buyer as? The reason I ask is that I currently have a mortgage on a house (my first home). I am in the process of selling this house as we (me and my fianc!) are moving away from the area due to work and we have decided to rent for 3…
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Keeping First Direct Offset open for cheap credit?
Hi all, We are in the process of agressively paying off our FD Offset and with a bit of hard work may finish as soon as in the next 6 months. However, with our son headed to uni this year and daughter possibly off to uni after that, the thought occurs that access to cheap lending (currently 2.49%) by way of the FD mortgage…
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Mortgage Age Limits
We want to use the equity in our house to finance the purchase of a property abroad. A few weeks ago I rang HSBC, with who we have a small mortgage that is fully repaid next year, to see what they could offer. When asked, I said that we planned to retire at the age of 68 in 11 years time and received a quote/mortgage…
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Where does a mortgage come from?
Hi all, I am new to the forums, although have been following Martin and his MSE site for some time now. Having yet to enter the world of mortgages, and soon thinking of looking to buy rather than rent, i am curious to find out how exactly the mortgage process works - in particular, whose "money" is loaned to you to buy…
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End of fixed rate preparation
Hi Guys, Jan 2012 my current mortgage deal ends. I'm currently on a 5 year 5.49% fixed rate interest only deal. LTV was 95% in 2007. I've made no payments in that time and the balance is £141500. I expect the house could sell for 3-4K more than I purchased it for so about £152000. I've called my current lender, Standard…
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Converting a buy to let mortgage to a residential one?
Hi, We have found a house we love, and are about to put our house on the market in the next two weeks. The vendors of the house are in a hurry to sell as they too have found somewhere they want to move to, so put their house on the market last week. I know for a fact that there is a cash buyer also interested, who we…
