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Fixed Rate Mortgage wrongly advised
Please could someone assist us what we can do. We were told by a Financial Advisor to re-mortgage our home when our fixed rate mortgage ran out in 2008 and we were told to change mortgage for a fixed rate for 5 years. Our fixed rate does not run out until 2013 and we have been paying a mortgage at a high interest rate ever…
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Currently with NRAM... Renting options?
He all... I posted a while ago wanting some advise about my best options... I was advised basically my only option is to try and overpay to reduce the loan and then have the option of getting a new mortgage deal elsewhere. Basically 4 years ago at the age of 21 I bought my 1st house for £120,000. Basically walked in to…
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Remortgage with Nationwide or someone else...
I am just in the last 3 months of a 5 year fix with Nationwide at 5.08%. I currently have around 110k left to pay and the property is worth 230k. I make an over payment every month of between £200 and £500 on the current mortgage and have done so every month since taking it out and this is a feature I would like to keep. I…
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Morgage
Hi, Can anyone help, i just want to know if i can change my mortgage to interest only from repayment.
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Advice re: when to get house valued - before decoration completed or after?
Hi Simple question - I'm about 4 weeks or so away from house being fully ready to go on sale - I have some decorating to do and I also need to sort out lawn - very patchy! Should I wait until all done for agent to value or will they truly be able to look beyond this? I'd like to know what the possible sell price might be,…
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A question about making offers when own house not sold
Hi We have decided to move house. Our own house is not on the market yet, probably about 5 weeks away at best. However, my wife is already looking! My instinct is that, at the very least, until our home is on the market, there is little point in my wife finding the perfect home. I think this as I believe that no-one will…
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Help my old mum with mortgage
Hello Everyone, New to this forum but I need to get straight to it as time is the essence. My mum has been really struggling financialy She was sold a mortgage some years ago which asks for payments after retirement age (80 yrs old) It was sold with PPI and through a broker I believe. She was told her 'insurance' would pay…
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Mortgage offer - Leasehold length incorrect??
I am in the process of buying a share of freehold property. The flat obviously has a lease of its own but we did not enquire as to the length of the lease as we were buying freehold. The mortgage offer has come back from nationwide with a leasehold length of 70 years. This was a bit of a shock as we had hoped for longer.…
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Complaint letter to Santander
Hi all, Alliance & Leicester has lowered its SVR from 4.99% to 4.24% for new customers, the move followed court approval for the legal transfer of Alliance & Leicester to Santander UK on 28 May 2010 bringing it in line with Santander’s SVR but has not adjusted the rate for existing customers. WHY??? I do know why it’s…
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Coming off the ladder-bad idea?
I have just had my first baby and want to spend some more time with her (i.e not work full time). We have decided to move back in with my parents and sell the house. While we are here we will save save save, add this to our funds from the house sale and hopefully be in a very good position to buy something decent in a year…
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URGENT HELP PLEASE! Mortgage Payment Holiday?!
Hi, I am sorry if I write this in the wrong place! Not sure where to put it really? My husband is just going bankrupt, as is his business. I was employed by him, but of course lost my work last month! We are on top of this separating; I think its all too much for us both! However, he asked The HSBC who we have our mortgage…
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MSE News: Lenders expect to sell more mortgages this year
This is the discussion thread for the following MSE News Story: "The Council of Mortgage Lenders predicts mortgage lending to increase for the first time since the credit crunch struck ..." Read the full story: Lenders expect to sell more mortgages this year
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Remortgaging - ex has charge on property
Hi, I am looking to remortgage and just phoned First Direct. They said they don't lend unless they have the first and only charge on the property. After divorcing, my ex owns 17% of the house (40% of the equity at that time), although can't claim it until all children have finished FT education (my youngest is 8). Is this…
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Question - what is the benefit of overpaying on a Fixed Rate Mortgage?
Hi Just wondering how it works if you make permitted overpayments (as in ones that won't incurr an ERC) on a fixed rate remortgage deal of say 5 years? Obviously the monthly payments will stay the same? Does this mean that at the end of the 5 year deal your new deal will take into account the overpayments you've made when…
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How much deposit
Does anyone know how much (%) you need for a £250k house?
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Joint Mortgage Help
Hi I have a joint mortgage on an investment property, and I have been paying 100% of the payment for some time now. The other person involved is refusing to contribute. Whilst I understand my commitment to the lender, I was wondering what my legal position was with regard to getting the non paying party to pay.
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Discounted Variable Rate Mortgage
We're currently on the Halifax variable rate, our deal ended and at the time the fees to remortgage out weighed any benefit gained. I've just found the HSBC discounted variable rate mortgage. It will save us nearly £100 a month (excluding the first month as there's a £99 fee). My question is does the bank variable rate…
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Can my 'moving around' effect mortgage chances?
Hi all, Over the past 4 years I have rented 4 different properties due to relocating for my job and other factors such as landlords selling up. Could this effect my mortgage chances? I would be buying with a parner who has not moved around like me. Thanks in advance :p
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Northern Rock Arrears
Hi, Im hoping someone can give me some advice regarding my northern rock mortgage and debts. Long story, short version. Soon to be ex husband did a bunk over 2 years ago leaving me with the house and all the crap that comes with it. We have a together mortgage ( yes i know bloody stupid ) and Northern Rock have been great…
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Acenden/Capstone Fury!!!
Hi All, First time I've posted here, but I'd really appreciate some advice if possible! I'll try and keep this as brief as I can. I've had a mortgage with SPML/Capstone/Acenden (whatever their latest name is!!) since 2006. I had some difficulty a while back when I lost my job and ran up quite a bit of arrears! Anyway... I…
