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Remortgaging? Overpayments?
In January my mortgage fixed product ends. It was 5.49%. Should I just revert to the banks 2.49% variable rate or should I be seeking to remortgage? I'm thinking I should just stay with the variable rate for now. Also if I plan to move in 5 years time am I better off now making overpayments on my current mortgage to get…
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Remortgage question
Quick question regarding remortgaging. My 2 year fixed rate is ending soon - if my house value has increased what does this effect? Cheers!
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MSE News: Should you get cheap credit now amid credit crunch warning?
This is the discussion thread for the following MSE News Story: "Those who need a mortgage, credit card or loan have been urged to consider snapping it up now in case costs soar ..." Read the full story: Should you get cheap credit now amid credit crunch warning?
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Buying new house whilst renting out current home
Hi, We are looking to purchase a new house for our ever expanding family, but we can't sell our current apartment as we are in negative equity. Therefore, we are planning on renting our apartment which will cover the existing mortgage repayments and then purchase a new house. After talking to some friends, they have warned…
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vodafone false default refused mortgage help!
I will try to keep this really short because it's a long story... I received an unsolicited text in March this year about a new phone contract and ipad. I rang the number and the goods were sent out. They were rubbish! Under the Distance Selling Regs (Which I know now) I had a 14 day cooling off period. I rang for an…
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Mortgage hopeful
Ok here are the figures and facts, would just like to know if I am being realistic or should we wait etc.... This is where we should be by the end of 2012 Joint earnings - £38k (might go up but not counting on it) Deposit - !0k (budgeted but we don't have this yet) House Price - 80-100k OH History - No late payments, has…
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Mortgage Help
Hi, I'm needing a bit of help about my mortgage. I'm currently 19 months into a 25 year mortgage and I'm going to sell my flat and move into a bigger house, which will no doubt be more expensive. This might sound like a stupid question but what would happen if I sell my house quite quickly and have yet to find another…
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GE Money Base Rate
My mortgage is with GE Money with whom I have had nothing but problems with, but that aside I have been doing some investigations into base rates and their rates. GE Money state their variable rate is 3.39% which is what I am on for my mortgage, however on their website it states if you took your mortgage prior to August…
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Ltv ?
Just have a quick question about the Loan to Value (LTV) ive tried searching about on the internet but still cant find anything to answer my question. Is the LTV rate based on the house price you bought or is it the actual value of the house? I have been looking at a house that has been valued at £125,000 on the home…
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Long term or Shert term approval
As a first time buyer, I could afford mortgage repayments on a 70K property over a 10 year period. Would I be more likely to be accepted if I apply for a 25 year mortgage or a 10 year mortgage or something in between? Thanks
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New mortgage deal - what do you think?
Currently on 4.19 fixed with NR. Just spoke to someone today about new deals and got the following info off them. 20y 7m remaining We are just over 75% LTV so would get the following deals 2yr / 3.49% / £995 fee 3yr / 3.85% / £995 fee 5yr / 4.28% / £995 fee They have said if we overpay £4,200 to get our balance under 124k…
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Mortgage with bad credit but 40-50% deposit?
Just a quick question/request for advice about applying for a mortgage The house I am in currently is being sold by the landlord for £79k and I am thinking that I would like to buy it (I imagine I could get a couple of grand knocked off as he is after a quick sale) Problem is my credit score is pretty poor. I had a CCJ…
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Rejected for mortgage in principle
My OH had an outstanding phone contract debt of £170 which was paid off 2 weeks ago. My credit rating doesn't have any debts etc and this was the only thing outstanding on his report. We are in the process of applying for a mortgage and have now seen a house that we would really like to put an offer in for. We saw an…
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Mortgage Rescue Scheme
Does anyone have any experience of this. Due to depression and attending CBT two days a week, therefore only working 3 days a week and now 4 days a week, CBT down to one day a week, i have been on interest only payments plus amount of arrears for 6 months or so. Now Rooftop Mortgages want me to pay full amount, from…
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Best 85% LTV rates based over 5 years.
Hi, What's currently the best mortgage offers on 85%. I'm asking about total cost over 5 years, inc fees, SVR rates etc. Thanks Dan
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Perhaps a silly question about offers over
Hopefully someone can answer my questions. We are currently looking into buying our 1st home but I need some advice on the Scottish offers over system. Is it still the case in this current climate that you need to add 15~20% on top of the offers over price? Or can you actually offer less than that? For example a property…
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Advice please: do mortgage lenders check electoral register regularly???
I am looking to remortgage and have been looking at 5-yr fixed rate mortgages so I know what I will be paying - however 5 years is a long time, and I don't know what I will be doing that far ahead. I am living there presently and have no plans for this to change imminently, but if I did decide to move in with my boyfriend,…
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Mortgage break - maternity leave? Advice needed please
Hi all, My husband and I bought out (first) house under the Homebuy Scheme (as we had a low deposit) in May 2010. We have a fixed-rate mortgage with Halifax. I was hoping for some advice as our first baby is due next spring. After working out our finances we decided to apply for a 'mortgage payment holiday' with Halifax to…
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Son on ex wife's mortgage
Hi, help needed for my son please. My wife and I split up about eleven years ago and divorced in 2003, at this time I came off the mortgage and she kept the house and all the equity, which was sizeable. She met another guy and they still live together in the house but he was made bankrupt in the past. About three years ago…
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Advice
I submitted my full application for a mortgage last week. Then I check my credit file to see 3 missed payments added for exceeding my overdraft on a dormant account. I had no letters from my bank to inform me I was over my limit so was quite shocked. My question is should I notify my mortgage lender? They carried out a…
