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Remortgaging question
Hi, My mortgage is currently £202k, house worth £300k, orig. mortgage £245k 5 years ago.. My wife earns £32k per annum plus £5ish bonus. I earn on average about £50k per year. I want to shop around for a better mortgage but as I temp workwise for different companies my job record stands against me, my wife however has been…
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buy to let
can anybody recomend a lender with a better rate than 4.74% thanks
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Documentation - what do I need to keep?
One thing that is clearly evident from reading mortgage threads is that people are disadvantaged and their probelms exacerbated purely by the fact that when they "hit" a problem they do not have sufficient documents and information available to summarise and review their situation. Just read some of the posted comments!…
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Leeds BS direct tied
hi all, Looking on moneysupermarket I've found a pretty competitive offer by Leeds BS, however this is marked as "(Direct) Tied" and it does not appear on their website but only on moneysupermarket. Does anyone know what that means? How could I apply for that mortgage? Thanks
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Taking on parents' debt V equity release
Hi all - advice and opinons would be greatly appreciated. We have just discovered that OH's parents have a mortgage of almost £40,000. They took this out when they were 65 & 63 over a 10yr repayment period and this still has 7years to run and the 40k is the outstanding balance. I'm assuming it was a ridiculous interest…
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Mortgage and Life Insurance
Question on insurances. I already did a quick search on these forums and found a similar situation (the mortgage was even with the same bank Northern Rock). My father has a mortgage and both home and life insurance. All packaged by the financial adviser who helped him get the mortgage back in 2004. I actually do belief my…
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When to apply for re-mortgage?
Hello, our fixed rate redemption charge runs out on the 31/03/2013. When should I apply for a new mortgage? Does it have to be within 30 days of the end of our current mortgage? Ideally we would like to run with a new product from 01/04/2013 Thanks Romald
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Applying for Mortgage & Childcare Costs
Hi, I hope someone can advise me on the following: I'm planning to buy a flat with a shared ownership scheme as a single applicant. However, I am married, but my husband has a bad credit rating hence I wouldn't want to include him. I also have a 10 months old baby who goes to nursery. My husband will cover the nursery fees…
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Interim charging orders on deeds
Hi i am hoping someone on this board can help urgently in pointing me in the right direction. My Aunt has just died leaving my uncle unaware there freehold joint property had 2 restrictions entered on the deeds (interim charging orders) against aunt in 2005 and 2008. He knew nothing of any debts she had and certainly not…
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Selling home - not buying another, what happens??
Hi guys I'm selling my flat but we are not moving into another purchased property - we are going to rent instead as haven't found anywhere just yet. The initial deal ran out a year ago, am I correct in thinking there shouldn't be an early repayment fee levied? That instead I can just pay off the mortgage at its 'settlement…
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remortgage advice - open market homebuy shared equity
I bought my house in April 2008 under the open markey homebuy scheme with an equity loan from tower homes (now l&q) and and interest only top up with the mortgage from yorkshire bs. Now my 5 year fix rate is coming to any end i am trying to find the best deal to remortgage. Any one have any ideas so i am left with a…
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Remortgaging: Currently on Bank SVR should I think about fixing?
Hello all! So we have 85% LTV and are currently on Nationwide SVR rate (3.99%) since our product finished last April (This was 4.63%) There is a deal with the COOP where we can fix for 5 years at 3.79% with no upfront fees, which is tempting. My question is, should we be thinking about fixing or is there a mortgage rate…
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Loughborough Building Society
Just wondering if anyone has anything good or bad to say about the Loughborough Building Society? We've just put our house on the market so I'm looking around for our next mortgage. We are looking for £240,000 and we have a £30,000 deposit. Joint household income of £62k, no bad credit, late payments, loans. All credit…
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First and second home Dilema
Right boys/girls Here is my story so far ..... I seen a reposed prpperty last year ( November ) and wanted it for letting purposes , as it was a repossession I had only a month to exchange contracts , ad in the fact the house was below £50k and I was a first time buyer my mortage options were limited . I managed to get a…
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Am I being charged Interest on Interest with my Mortgage
Hi, I hope someone out there can help! I've just had a annual Mortgage statement through and have some questions as to what is the correct way for a bank to calculate the mortgage interest each month.. The main reason is that my bank seems to be calculating interest on interest each month... This is for a Fixed Rate,…
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Basic Mortgage Advice for a FTB please!
Hiya I'm looking to buy my first property ASAP. I'm 34 with 3 dependant children. The mortgage will be in my name only. I earn £9k a year working part time although my total income (from child benefit / tax credits / disability living allowance) totals about £20,000. I have a deposit of £100,000 and I'm looking to borrow…
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nram morgage query
Hi i am completely new to here and was wondering if someone could give me some advice,i have a morgage with the now nram,i am just under 2months in arrears after having financial difficulty due to my partner being self employed,i was told by nram that as long as i continued to pay my morgage and not let it get to 3months i…
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Mortgage over payments
Just checking this is right I have a mortgage with nationwide fixed 5 year @ 5.7% and just coming to the end, I have made over payments of £6700. My rate goes down to 2.5%. I want to take the money out . Now I know I get the £6700 but will I have got interest on it .
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Home Buyers Or valuation Fee ?
I'm applying for a PO mortgage, and I need to choose either a Home Buyers report or valuation fee ? which is best, especially as it's not refundable. FWIW, I plan to pay for my own full monty survey at some point.
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MSE News: Top mortgage rates tumble again
"The Post Office and HSBC have both launched the lowest ever two and five-year fixed mortgage rates ..." Read the full story: Top mortgage rates tumble again Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
