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Another Remortgage Question
Hi All, I'm hoping someone could please help me with a couple of questions. We are on a 2 year fixed rate of 6.34% with SPML/Capstone after being referred to them by A&L. This deal ends on 31 March 2009. Last month, OH enquired with London and Country about remortgaging. To our surprise, we were told that we qualified for…
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First Direct Offset mortgage usage... help required!
I've just opened an offset tracker with FD, linked to my current account and savings account. Once I move my money out of my ISAs and into my FD savings, I'll be using it to (what I believe is) it's best. However, is there any value in changing my direct debit dates? I am paid on the 27th of each month, and my 'interest…
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Help please on max borrowing!
Due to a separation I need to try and borrow around £140 to £150k on my own. My property is probably valued at £220k now. I have a basic salary of £20,500 and have earned an average of £27k inc commission for the past three years. Any ideas which lenders will help and offer best rates??? I have a meeting with Natwest on…
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Standard Variable Rates
Can any kind person tell me that when LLyodstsb take over Halifax , whether or not the SVR for mortgages will be the same , ie Halifax is 4.5% and LLyodstsb is 3.5% at the moment. If not , then they should be. :A
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100% mortgage fixed rate about to expire
Hi, Not sure if this has already been asked, but our fixed rate mortgage is due to expire in September, and we are hoping to get another fixed rate. However, out original mortgage was 100%, and since they have abolished 100% mortgages, how will I be affected?? Thanks for your help :confused:
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Rate my chances of getting a mortgage
Could someone who knows the market put my mind at ease here. My situation is as follows. My salary is pretty low, just £23,500. Back in 2001-2002 I picked up several defaults due to a financial crisis caused by a period of unemployment. None of these appear on my credit report any more given the age of them and anything…
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Expat. Can I get a mortage?
Hi I'm a UK expat living in the Middle East and want to buy a property back home for my son. Can I get one? I'm paid in the local currency and have a good credit rating. I can make a 15% deposit. I don't have a mortgage currently so this will be a first time purchase dor me. I have UK bank accounts. Thanks for any help.
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Mortgage Fiasco!!
I posted on here quite recently about my situation and received some helpful comments from people, for which I'd like to say a big thanks! Unfortunately, after a meeting with a Halifax mortgage advisor today i'm feeling really confused, enormously stressed and in desperate need of a few more commetns if possible!! The…
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Mortgage PPI - do we need it?
As part of sorting the finances out :eek: I have been going through all our paperwork... It seems we have a payment for mortgage PPI coming out every month (from PaymentShield). This was all arranged when we got our mortgage through an IFA 2 years ago. Of course, our money problems weren't apparant then. My question is, do…
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Is anyone an expert in mortgage vs. savings maths?
Hello.. I've got 5.25% mortgage and £25k of savings earning about 1%. Is it worth using the entire savings to pay off some of the mortgage? They would charge me £750 but if the interest rates stay low it might be worth it? Thank you for your maths help..
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Help Me Please!!
Help Me Someone Please Before My Head Explodes Ok Here Goes I Was Looking To Reclaim My Ppi On My Mortgage As I Was Paying £90 A Month!!! So I Wrote To Both Northern Rock And Pinnacle And Both Said They Had No Info On My Ppi So I Said Fine I Am Going To Write To The Finanicla Ombudsman And Cancelled The Direct Debit…
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CGNU With Profits Endowment
Hi, We are not sure what to do and wondered what the experts on here might think and would welcome your views. Low Start Endowment for first 5 years.Premiums started around £60 and rose to £124 20 year policy matures September 2011. Mortgage now paid off so is used as life and savings policy(Joint lifes). Monthly Payments…
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Variable or Fixed?
I have a £46,000 fixed rate repayment mortgage with nationwide and the deal runs out in sept. Before the fixed rate I was on a variable and feel I should go back on the variable rate. I am paying £350 a month over 19 years (paying £50 extra a month) It was originally £30,000 seven years ago but added on £16,000 so its more…
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Removing ex partner name from Mortgage?
Hi All I need to remove my Ex husband from my deeds and mortgage and I want to add my new partner on instead. My mortgage is up for renewal in April so my question is can I start to look for a mortgage with my new partner and then transfer mortgages or do I have to remove my ex's name first before I can do that? Advice…
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Getting through to Woolwich/Barclays on telephone
It is awful! Does anyone else have any problems getting through to an agent? I hate the stupid automated questions at the start (4 mins worth before going into a queue) and then after a further 10 mins I gave up... ...what I am trying to find out is how much I can overpay by per year. Is there a limit, such as 10%? Some…
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Norwich Union Endowment Surrender - help!
Hi all. I've drafted a letter to surrender my endowment policy with Norwich Union but I just don't know if I should post it or keep the policy.... The policy is :- With Profits Started Dec 1997 Matures Dec 2022 Premium £101.82pm Value on Death : £57K Total regular bonus : £2101 I am not relying on this policy as I've…
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Bank England cut jan 09 0.5
0.5% cut to 1.5% Did I get in first ?
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2nd Mortgage. Help and advice needed
My parents currently have a mortgage with about 10 years left. I'm 21 and currently live with them however I want to move out and we have an idea to help. My parents will get a second mortgage to get a second home (but effectively my home). I will live there and pay them, who will then pay the second mortgage. After a…
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Loan onto a Mortgage?
My partner and I are in the process of beginning to look for our first place together, we are in line to receive around £20,000 in inheritance money and are hoping to use this as a deposit when it comes to buying our first home. We are both of the mind that we are looking for something small and relatively cheap, and as…
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How much do we offer on a new build?
We went to look at a New build housea few days ago which is currently being marketed at 500k. We met the owner at the property yesterday & he took us round. Whilst showing us the property he asvised us that he was divorcing his wife, been made redundant & was renting as his catpital was tied up in the 3 houses that he had…