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Self-employed mortgage help
Hi, I'm been self employed around a year and don't have the best credit history, (a few missed personal loan payments and occasionally overdrawn). Is it possible to get a mortgage with little proof of income? I have a 75% deposit and require a relatively small mortgage. Thanks for any help.
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I want a fixed rate
Currently enjoying my collarless, lifetime trackers which are: 1. residential at +0.74% 2. BTL at +0.89% LTVs are low. I'd like to move them to a fixed rate. Clearly, in the short term, I will be paying more and for this reason I feel I should be offered something better than Joe Public. If I was offered a no fee 3.5% deal…
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First Direct SVR customers
Response from First direct regarding yesterdays 0.5% BoE drop " We are currently reviewing our Mortgage Standard Variable Rate in light of yesterdays Bank of England base rate reduction. Once a decision has been made we will notify customers who are on the SVR. Please contact us if you require anything further." Regards…
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A good deal??
Me and my partner are able to get a mortgage over 40 years paying £500 a month and paying a 15 percent deposit. We have a joint salary of 40K but one of us is in temporary employment. Not sure if its a good deal tho being over 40 years.
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Repayment v Overpay Interest Only
I have a £75000 interest only mortgage which is fixed until August 2009. I had been investing in an ISA to pay it off but I have lost all faith in investing to pay off a mortgae. Next time I remorgage I was thinking of changing to a repayment mortgage which would put me back at square one. However, would I be better off…
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The One Account - Yes or No?
Hello! We're currently looking to move our mortgage as we're moving house and have to pay it off in full, then take out another mortgage because of how the house sale is going - but that's not important. My question is, would we be totally insane to go with the One Account? It seems like quite a good idea, and the…
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repaying offset tracker mortgage
Please can somebody out there assist me. My son is about to move to a First Direct offset base rate tracker for £225,000 My question is this: If the interest part of this is say £350 per month and he pays £1,350 per month does his capital loan reduce by £1,000 to £224,000. This would therefore mean that each month he was…
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Help-mortgage dumped on me!
Hi this is my first post, hope it makes sense. Ex husband has walked away from mortgage on a very rural property we own jointly.He left in 2007 Jan and has not paid a penny since he left for anything, he took lump sum - which he has blown, and I got family home which (luckily) I sold just in time last year. Could't get…
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Come out of fixed motgage? help
Hi all, I got a fixed mortgage at 6.9% in june last year for 3 years just before the credit crunch, Now the interest rates are coming down, is there any way to break free from the fixed mortgage and remortgage with same or another bank with a lower rate?? My currant mortgage is with Bank of Scotland. Thanks in advance Asif…
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Is it worth paying the redemption?
Hi all 60% of my mortgage is currently tied in at 5.68% until 2018, with a redemption fee of £3450 to get out of it. About 3% of it is at 5.88% until 2018, another sizeable chunk has until 30/04/09 until it's off the fixed rate (4.54%, and will cost me £2000 to get out of now) and the remaining portion is on SVR. I'm not…
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mortgage with a ccj
Can anyone help me and give me some info on credit ratings and mortgage? I have a default from 1999 on my credit rating for £10,000 and no other problems on it. It was for a loan I took out for a partner to buy a car. I have a residential mortgage (3 years) without any payment problems. As I have a growing family, I really…
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Quick question on mortgage with Mortgage Express
Hi all, I've got a BTL mortage with Mortgage Express, currently on a fixed rate of 5.35% that runs out in June. I've just dug out the original paperwork to see what the rate will be when the fixed rate ends and this is what it says... Interest rate type and interest A fixed rate of 5.35% until 30/06/2009 A variable rate…
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BBC 1 'Repossesed - Upsetting To Say The Least!
Just watched a 'Tearful' documentery on BBC 1 - Repossesed. Charted 3 couples who ended up in a 'Dire' situation at the hands of their Lenders. Norman, The car salesman who battled on trying to make any money and had days to 'Abort' a repossesion order on his house. Alan, The self - employed worker who had an offer of…
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Will a DMP affect my mortgage deals?
I'm sorry if this is an obvious one..... My fixed rate ends on my mortgage in July 09 (I know, it's a while off yet!) and I have been on a DMP since Aug 08 - will this affect the options for any new mortgage deals? I'm on a 6+% deal at the moment - the number of lenders was reduced due to the type of building and the fact…
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Fixed rate coming to an end...
Our fixed rate mortgage is ending in April. On the paperwork it says that afterwards it will be at a variable rate 1.5% above the Bank of Englands official rate. I know I probably sound a bit dumb but does that literally mean that with a 2% or maybe less base rate that we will be paying 3.5%, thus it isn't a good move to…
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Recommendation for Kent Reliance
Just wanted to post in praise of our mortgage provider Kent Reliance. We have a variable mortgage with them and so far they passed on every rate cut in full. With tales of many banks trying to wriggle out of them I'm pleased with our mortgage provider treating us fairly. We can also pay lump sums and make overpayments…
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Nationwide pass on the full 0.5%
From Mortgage Introducer.
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Mortgage deposits
Hi, I hope someone can help, we are looking to buy a house. We are looking to buy a house and my parents have offered to gift us some money to put towards the deposit. We have saved £10k and are being offered an additional £20k by my parents. The complication is that we have decided to buy their house. Does this now…
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You can't take out a Standard Variable Rate anymore?
Hi, I have a mortgage with the Halifax and have just finished my Fixed rate. I am now on their Standard Variable rate (SVR) of 4.5%. I had seen with the latest Bank of England Rate cut that other companies had lower SVR's such as LloydsTBS at 3.5% and so thought I would enquire about remortgaging to them on to their SVR.…
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SVR - Please help
Please help. I took out a mortgage with GMAC back in 2007 and a few months after I took out the mortgage it was sold onto MAS NO5. Now that I have reverted to a SVR and MAS NO 5 are charging me 4.99% interest which is now 3.49% above the bank of England base rate and they have no intention of brining it down. If my…