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URGENT! Barclays tracker mortgage holders! You Have to REQUEST drop in mortgage!
:mad: We have a Barclays tracher mortgage that follows the BofE rate. We have been trying to get through for two days to find out how much our mortgage payments would drop to. Eventually got through to be told "no change"...why? Because we hadn't formally rung up to request that our rate drop!!!!!! :mad: Am I wrong in…
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Mortgage rate increase by 0.45%!!!!
Dear All, Unfortunately, I have a mortgage with a complany called Redstone. Two years ago they were the only ones who would entertain me. I had then a fixed rate of 6.800% for two years. I have tried to find out what will be my new payments as of 1st march 2009 as the fixed rate runs out 28th Feb 09. They won't quote or…
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Repayments on an 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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Fix rate ending May 09 When to look for a new deal
Our fix rate (4.99%) is ending at the end of May 09 and we are currently with HSBC with a 100% interest only graduate mortgage. We are due to be switching to repayments at the end of the fixed rate. Currently we are due to go onto the SVR which I believe is going to go down to 3.94% on the 6th of Feb, but obviously don;t…
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Some advice, fixed rate finishes in July maybe have some foolish ideas
Hi, I would like some advice on what I should be looking at doing when my current fixed rate finishes with BM in July this year. Our current mortgage has £236,270 remaining as of now, currently we have 24yrs 7months remaining (i'm 30 and wife is 32) and the monthly payment is £1486 Using the online house price calculator…
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Fixed Rate Mortgages
With the likelehood of a further reduction in interest rates imminent can anyone tell me why the Government is not also helping those who are on a Fixed rate mortgage. I appreciate that you commit to this when taking out a FR and their is of course always the chance interest rates can go down but in the current climate…
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Egg - Identity Fraud Problem?
(re-posted this with more sensible title for users) Just wondered what money savers thought about a little problem that I have just discovered with my mortgage company, Egg Had a Variable Rate Egg Mortgage since 2000, overpayed £100 per month and was was quite happy with them. When the interest rates started to drop we…
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Lloyds TSB Staff Mortgage Rates
Hi there. Just wondering if there are any Lloyds TSB staff out there who can let me know whether they offer any discounted rates on C&G mortgages to staff. Thanks!
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Should I Take the hit on ERC for better deal?
Hi all, First post so bear with me. Just looking for an opinion. I have a Natwest mortgage on a 5yr fixed at 6.45% ovr 35yrs I am into this mortgage by 13months ERC is charged at 5% 1styr,4% 2ndyr.......and subsequently till end of 5yr fixed term. Since the "Credit Crunch' the fixed rate deals have changed They now offer…
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stick or switch
I am currently on a fixed rate mortgage paying £910.00 a month. HSBC have offered a tracker at £586.00 per month. I have 18 months to go on my fixed rate and really want some advice on if it would be worth switching. To get out of my fixed rate would cost £2900.00. Please could someone give me some advice please!!!
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Cashing in with-profits endowment
Hi, I have a with profits endowment with Royal London that has been running for nearly 10 years and i am thinking of surrendering it. I only pay £40 a month into it and in 2005 the surrender value was £2460. I am hoping that the surrender value today may be worth around £3500 or more?? I can see from the previous surrender…
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Help? Facing redundancy - unsure about mortgage!
Hello everyone! I could really do with a bit of advice! My partner has our home mortgaged (with northern rock) in his name. We took it out 2 and half year ago. He is now facing redundancy and its looking like he might go. We thought our mortgage payments would be covered if he got made redundant. We were sure we took…
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Egg Mortgage - letters sent to old address
Hi Just wondered what money savers thought about a little problem that I have just discovered with my mortgage company, Egg Had a Variable Rate Egg Mortgage since 2000, overpayed £100 per month and was was quite happy with them. When the interest rates started to drop we decided to overpay more per month so contacted the…
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ISA to Offset mortgage?
Hi I have about 5k in an ISA now earning 1.5%. Is it worth transferring it to my First Direct Offset mortgage and offsetting it as it seems like it will earn more for me there. Thanks
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A&L Plus Mortage, Fixed Term End, Negative Equity, What to Do!!
I currently have a 2yr fixed rate interest only mortgage 7.080%, the fixed period is coming to an end, and i would like some advice on what to do. The mortgage was a 'PlusMortgage' taken out with Alliance & Leicester, the property was bought for £112,500. The mortgage was for 95% of purchase price £106,875 and an…
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Help - Working out an equivalent rate from 2 seperate products
Morning all, I found out yesterday that part of our mortgage is dropping to +0.99 above BOE base come March (thanks to MSE for prompting me to ring and check), and the other part is dropping to the lenders SVR come May. This appears to be beyond any shadow of doubt better than any deal i can get at the moment. My questions…
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Possible BOE discussion
Hi, I'm new to the forum but do read regulary and it is a great place for info. I thought I'd ask your opinion and would like to speak in laymans terms (although I appreciate the subject is very much more complex than I see it). If the interest rate is so low, so people are not getting as much interest on their savings,…
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Locked into Fixed Rate Mortgage
HELP! I had to renew my mortgage in August 08 and kept with my current lender - the best fixed rate I could get (3 years) was 5.89%. However, with the reduction in base rate since August I could now expect to get 3.5% - 4%. Having spoken with my lender they advise that I am locked in at the 5.89% rate for the 3 year term…
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Mortgage novice help! Coming off fixed rate...
Hi, in 10 months i'll be coming off a 3 yr fixed rate with BOI mortgages. My mortgage is for 218k after my 10% deposit of 24k was taken off. I'm currently interest only at 5.5% and make small overpayments a month - i've in fact paid off another 6k. I'm sure when the fixed rate ends it goes up above 7% What is the best…
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Mortgages for very small amounts??
Hi, with the latest rate cut, I thought it was time to ring my bank and double check when my fixed rate ended, and what other deals were available, in case it paid to switch sooner. What I learned was, as my mortgage is now below £15k, and their new minimum is £25,000, they would no longer be able to offer me ANY kind of…