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24 hours to decide on Nationwide URGENT HELP
Hi all We have been offered a mortgage of 194k over 25 years from Nationwide. Its a five year fixed at 3.24% then its onto the Standard Variable Rate (SVR) whatever that will be in five years time. Nationwide do not use the bank of england base rate but set their own rates. God I dont know if this is too risky. Their…
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Employee reference
Hello everyone - sorry if this has come up but i'm a bit of a worrier and just wanted to know if anyone knows what Nationwide ask for in an employee reference? Does anyone also know if they count bonuses when asking for salary details? my mortgage guy has gone AWOL this evening and i'm beginning to wonder why they are…
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Mortgage application
Hi there. I've seen a reply to a post on here before about mortgage applications being classed as A B or C. Can anyone tell me what that means? We only been asked to supply 1 months wage slip and 1 months bank account.
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First time buyer buying from Dad
I am a first time buyer and my dad has purchased a house which me and my partner are buying off him after extensive renovation. The property is worth £117000 and we need a mortgage for 105000 the deposit is gifted from my dad. We both have full time jobs and good credit. Are there any company's that will do this mortgage?…
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Bank or Ireland - Increase of "differential" !
Back in 2004 I took out a Bristol & West Base Rate tracker mortgage at .89% over the Bank of England Base Rate. In 2004 .89% was a high rate as I was self employed and had to pay a premium rate. The deal was that that rate was for the life in the product, in my case 23yrs. Today the Bank or Ireland letter, states that…
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Contractor Mortgage
hi I approached a main street lender looking for a Mortgage for about 175K on a 400K property. I explained how I am co-owner(50% shareholding) in a company with Gross profit of circa 190K. significant retained profit and two years accountant generated accounts. Additionally I have existing contract's for at least the next…
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Bank of Ireland tracker mortgage % increase
Has anyone received a letter from the Bank of Ireland recently informing them of a MASSIVE interest rate rise on their buy-to-let 'tracker' mortgage? My letter this morning notified me that my interest rate would rise from 2.25% to 4.99% as of May 1st. I have had the mortgage for 8 years and never defaulted so this isn't a…
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Poor Mortgage advice
I took out a mortgage with Abbey National in 1988 which is shortly due to come to the end of its term Around 1995 I went into a local AN branch to request that the mortgage be converted from interest only to repayment. The branch manager took me aside and went through figures with me. She talked me out of converting on the…
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Panicking due to Purchase issues!
Please help! Me and my partner are currently in the process of selling our 2 bed mid terrace which has a mortgage of approx. £100000 left to pay. We want to buy a house which would need an additional £105000 mortgage. This has been confirmed and the purchase was going ahead on the basis that our first mortgage is ported…
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Remortgaging
Our fixed rate mortgage with Halifax comes to an end on 30 April this year - when are we able to sort out a new fixed rate?
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Re-mortgage after Trust Deed/IVA.
Hi, Has anyone had any experiance of remorgaging after an Trust Deed/(IVA in England)? How soon is possible? I have been told 12months minimum. All I get told are guesses from Brokers not from anyone who has actually done it. Ian.
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Bank of Ireland rate increase scandal
JUst got a letter that my base tracker rate is going up from1percent to 4 percent due to special conditions. These special conditions are not written anywhere within their rules. Can they do this, the guy on the phone said it was due to having to hold funds in the bank as per the government requirements but cannot show me…
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overpay OR save for next deposit
Hi All Bought a house last autumn on 2 years fixed mortgage at 5.6%. This year we can overpay our mortgage on a monthly basis. But, we are planning to move to a bigger house, hopefully next year. So, should I over pay existing mortgage or save that money for the down payment of the new house to get a better interest rate…
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First payment
Good morning, I've done some searches on here and on the internet but can't seem to get a definitive answer. My mortgage is with Yorkshire Building society I'm due to complete on March 27th but I'm not sure when my first actual mortgage payment will be. I'm aware that I need to pay for the daily interest accrued from the…
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Gambling and mortages
Hi i have been accepted for a mortgage but now they want 6 months bank statements i am a little worried as i do a bit of gambling which will show on there, there is quite a few £10's that go out of my account but there is also money that sometimes goes back in from them will this affect my mortgage when they look at my…
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Mortgage Free Me
Please delete. Wrong forum. Can't find delete button.
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Can I keep current Mortgage if Let out property?
Hi, I've been trying to sell my property last 6 months with no luck so far and I potentially need to move for work in the next couple of months. I have a mortgage with Nationwide that was a 5 year fix that expired last year and is now at a favourable BMR %. I have a sizable overpayment fund on this mortgage that should be…
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Open Credit when applying for a mortgage
Hi everyone, Hoping someone can help me! My husband and i are about to apply for a joint mortgage with my husband already having a mortgage and me being a first time buyer (he own our house and we are selling to purchase jointly) hope that makes sense my question is, we have around 10-15 credit accounts open, in various…
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Ing direct changes after barclays took them over
Hi I have a mortgage with Ing direct uk for a uk property in which i originally lived but then moved out as i was posted abroad. Ing then levied a 2% increase on the interest rate i was charged. I have just noticed that this levy was now cancelled as i am now charged the old rate but don't know why. I assume its due to the…
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Endowment matured
So, the 25 years are finally up and the endowment policies have produced enough cash to pay off the interest only mortgage. However, there's actually few months before the mortgage end date. The mortgage interest rate is a crazy 0.25%, and the money sitting in my holding account waiting to pay it is earning 2.25%. The…
