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Worried about NRAM SVR - can I move?
I have a NRAM together mortgage of 149k with an unsecured loan of 20k - the NRAM SVR rate is 4.79 and in total we pay 977 per month. Our rate came to an end a couple of months ago. Rather stupidly we had around a year on interest free and also a year of payment holidays as we had two chilldren - it all seemed like a good…
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Sub-letting our flat when the bank says no
We'd really like to sub-let our city centre flat so that we can get a second mortgage on a house out of town. It's the best solution for us at the moment as we'd be in negative equity if we sold. The mortgage provider have told us our mortgage product doesn't allow sub-letting but I'm told they will back down on this if we…
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National Counties BS mortgage
i'm coming to end of my tracker mortgage with NCBS. I've got choice of 3 yr tracker at base +2.69%(3 yrs) or SVR -1.7%(2.99% , 5yrs). i fancy the discount because its longer term. Obviously I'm concerned at the SVR hikes. I thought thye followed base rate more or less. I haqvent seen anything about NCBS doing a hike. Their…
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Which Mortgage?
Borrowing 225k HSBC 4.89% 5 year fix with approx £700 fees First Direct 4.99% 5 year fix fee free I think that they are almost identical over 5 years. Any advice as to which is better? Anything else I need to think of? Current SVRs are almost the same
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MSE News: Government house buying scheme launched
This is the discussion thread for the following MSE News Story: "The NewBuy Guarantee scheme could help 100,000 people buy a new-build home with a deposit of 5% or 10% ..." Read the full story: Government house buying scheme launched
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B&B/MortgageExpress deal ending
Hi, we started buying a house in 2007 with a 100% mortgage from Bradford&Bingley/Mortgage Express. Our 5 year 5.99% fixed deal comes to an end in August. I think the mortgage side of B&B was nationalised so is now owned by the government? What rate can we expect to pay after August?
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Equity Release Early Redemption Nightmare
My mother is in the process of down sizing to pay off an equity release that her and my late father took out in early 2001 with Norwich Union/Aviva. I've just been informed that the ERC for this will be £14,000! This is over 50% of the original £26,000 loan and seems highly unethical. I understand that Aviva has since 2004…
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first time mortgage
Hi Looking for some advise on first time mortgages. Myself and partner are looking to get our first house. We're looking at getting a deposit for our first house of about £10,000 from savings and with help from families. Probably this time next year hopefully we'll be there. Both of us are employed full time and earn circa…
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Chances of getting a decent mortgage following two late payments
Hi all I have recently (and stupidly) had two late payments on a credit card due to traveling and not realising I had missed a payment. I called and paid the first month thinking I was up to date but this only paid the late payment and did not include the current months payment. My partner and I are looking at moving in…
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first time buyer appointment with countrywide mortgage advisor
Hi im new to this forum, but my partner recently saw a mortgage advisor who is based within an estate agents but is employed by countrywide. I could not attend the appointment. She had a first time buyer sales pitch. During the process the mortgage advisor asked personal details relating to her income, and also asked for…
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Mum wants to give me her house for the remainder of the mortgage
Hi I am looking for some advice as I do not know where to start. My mum owns a house recently valued at a 180k she has 95k left to pay on her mortgage and she wants me to get my own mortgage and pay for the remaining 95k, and the house will be mine. She does not want anything to do with the house, and only wants the 95k to…
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Partner has recently died...what happens about joint mortgage?
Hi all, in a tricky situation and need some advice please. My partner of 5 years has passed away, we had a joint interest only mortgage. We both took out life insurance to cover full cost of amount borrowed if anything should happen. The difficulty is that he is still married and I have just found out that there was a will…
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Overpay or Savings / ISA?
Now I've got my mortgage offer, contracts sorted and a moving date, my partner and I are thinking of our next step. Most of our savings will be gone with the deposit and fees so we are going to want to start again ASAP after moving. We have played around with the overpayment calculator and it's obvious overpaying is a…
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CEMAP/career in mortgages
Hey guys, I'm looking for some advice at the moment from some of the more experienced mortgage advisors/brokers on here :o At the moment I work for a well-known bank in the City of London, I've been there for nearly 2 years, since finishing university, and things were going pretty well - last year I made just under £30k,…
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to move or not
Just had house valued at £112500 after buying for £100000 in April 2010. My partner earns £34500 and the mortgage is in her name abbey 5.29 + base rate which finishes May. I am self employed books showing £8500 profit for last 2 years and slightly less for previous two years. We would like to move and have started some…
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Porting & Additional borrowing
Afternoon all, First time poster here, but long time observer of the site. I am contemplating a move to a larger property, and just wanted to hear from other people who have maybe been in the same position as me. I currently own a 2 bed terrace in West London, with a realistic sale price of around £210k. My current…
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newbie with a northern rock ppi question ?
hi, by sheer accident i found out i have been paying £25 a month ppi to northern rock for the last 6 years, this is not something i wasnt offered or even told about when we took the mortgage ( and combined loan we took the together product) further to this my partner has pre exisiting condition which means it doesnt even…
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55 year old - are big mortgages still available to me ?
I'm 55 in full time employment. I have £30,000 equity in my current mortgaged property- garden flat. Having started over due to divorce I wish to buy a house priced 300,000 - have I any chance of obtaining a mortgage to do so ?? Does my age become an obstacle ? What does my salary need to be to obtain the required £270,000…
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Mortgage Release Fee
Good Afternoon All I am in the fortunate position to be ending my repayment mortgage with Bank of Ireland, formerly Bristol and West Building Society at the end of April 2012. I have two payments left, one for March 2012 and one for April 2012. Over the past 25 years I have obviously been looking forward to the end date of…
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Endowment bonus
Hi, I have been looking for a while now, to get an idea of whether maturing with profit endowments pay out a terminal bonus ? Anyone had a policy mature in recent times that includes one? Last time on here I was told that they have not been paying these for years, then I read that some have been receiving them, I have no…
