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Is now a good time to get a mortgage or not?
Just wondering, given the state of the economy in America and the Eurozone at the moment, who would consider taking out a mortgage now if they didn't have too? Our situation is that we have a perfectly nice house in a good area that we have paid off the mortgage on. This was done through saving and being MSE wherever…
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Mortgage Endowment
Hi Wanted to get some unbiased thoughts on this. We have part of our mortgage as repayment and some from our early years on endowments. One of the policies is due to mature in two years time. The policy is with Friends Provident for £19k. I'm currently paying £30 for the policy. The latest statement shows a minimum…
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Ditch to a new fix?
Hi, My wife and I recently fixed our mortgage a few months ago to a 5yr interest only fix with Santander at 4.79%, as everyone seemed to be thinking that interest rates were due to go up this summer and in-turn the mortgage deals available from lenders. We'd been floating on a variable rate with SPML at 2.65%, and I…
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Mortgage to convert two houses into one
Hello, I need some advice - I am struggling to find a mortgage company who will lend us the money to convert two houses into one, and then modernise. I think there are concerns over the title deeds and other potential complications. Any thoughts/suggestions?
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FTB advice:Is a longer term mortgage a sensible way to reduce monthly repayments?
We had planned on taking out a mortgage with a view to paying it off asap, (15 years). However it's looking like we'll need to borrow more than originally anticipated to get the house we want. Would taking out a larger mortgage over say 25 years make sense financially? and reduce our monthly repayments to an affordable…
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ERC - Early Repayment Charge Negotiation?
I fixed in 3 years ago at 6.29% and my ERC charge has just reduced to 3%. I borrowed £162k and am now down to £141.5k as we've been paying overpayments where we can. I was wondering if anyone has had success in negotiating their existing rate with their provider WHILST in the middle of a fixed in deal (without paying ERC)?…
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FTB, Repossession, declined HSBC mortgage
Hello I'm after a little advice. We've recently had an offer accepted on a repossessed house, had an agreement in principle with HSBC but after the formal application we were turned down, despite being comfortable able to afford repayments. House value 87500, deposit of 10%. What I am wondering is, what are the chances of…
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paying early redemption fee question
hi everyone i have been having a lot of trouble and hassle with santander. i have a mortgage fixed at 5.64% untill july 2012 i am moving so need to port over my mortgage mortgage is £130.000 they will now only borrow me £113.000 due to changes in policy to port my mortgage will cost about £1100 + £600 redempion charge for…
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Future mortgage interest rate
Hi everyone. I was a FTB just over 2 years ago and took out a fixed rate mortgage with santander. Now the deal has finished and my LTV has crept under the 60% mark i've searched online and found deals are alot cheaper than what im currently paying with my 4.25% SVR with santander. I gave them a quick ring to see what deal…
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Confusion with Virgin One Account decision
Hi, In 2001, whilst working full time with police, I changed my mortgage to this current lender. I am 54 and a divorced female. Unfortunately, in 2003 I suffered a stroke and was unable to return to work and was therefore sacked in 2007. Received some extremely poor legal advise and because of that, tribunal application…
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Switching to interest only for a short period
My wife is due to give birth to our first child in a month or so and with me having had to take a much lower paid job due to the firm I was at closing its operations base we are finding things a bit of a struggle. This being the case after having looked into what government help there may be available to us (very little it…
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Help with mortgage application please
Not to worry all sorted now!
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My partner's house
Hi guys, new poster hoping you guys can help me. My partner was in a relationship with her ex fiance and got a mortgage on a house together. After the split, she moved back to her mums and he moved back to his mums which equals one empty house. The mortgage is in her name and he was making half the payments also, by…
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Natwest Exclusive Mortgages
Hi All, A quick question for anyone in the know. I have a Natwest Private current account and a Natwest mortgage which is one which is "Exclusive to: Private, Business, Advantage Private, Advantage Business, Advantage Gold and Black Account customers". I have been through all the documentation and can't find an answer to a…
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Endowment surrender in current downturn
Hi guys, I got a quote about 2-3 weeks ago on a surrender value for my endowment. This was when ftse was about the 6000 mark. If I go ahead with it now with the stock markets in turmoil again, ie FTSE currently sitting below 5200, would I lose much money If I go ahead with cashing it in just now? cheers, steven
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Charge on a property left in Trust (inheritance issues)
My mum and dad bought a family house back in 1990 and it was in their names, 50:50. Then they got divorced and created a trust so that when my mother passes away, then all 3 of the siblings (including me) will own a third equal share of the property. I haven’t lived in the house for 10 years, and recently moved back for 1…
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Advice on additional borrowing via Barclays
Hi I have an appointment at my local Barclays branch on Friday to discuss maybe borrowing some additional money. I want to borrow about £15 - £20k. Our mortgage at the moment has £63k left to pay over 20 years. Our house is worth £190k and we brought it for £169k. We had a large deposit from the sale of my flat which was…
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FTB needs help
Hello. I am planning to apply mortgage in next 6-8 months. I have been at my current residence since last 15 months and it looks like i might have to move to another rental property. I would like to know if this will affect my credit score and mortgage application if i have been at my new address only for 6 months before…
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Morgage Advice and Borrowing
Me and my husband are currently looking to buy my parents house and I am looking for some advice. We have only to pay my parents what is left of there morgage which is £21000 (so a very low morgage) but does anyone know if we will beable to borrow say £10000 for home improvements on top of the £21000 or will the effect our…
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Remortgage problem
Hi, wondered if anyone had any advice on my situation. We have been building a house and have a mortgage with Skipton who were releasing funds as & when we needed them for different stages of the build. We are now just £15k off completion but Skipton have stopped lending on non standard mortgages. We have approached other…
