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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…
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Now til 2012 - Hell on Earth ???
HELLLLP I have just pulled out my mortgage docs. to see what my rate will go to when it expires, i would have sworn that i had a 2 year deal which expires May 09 but i have just discvered it is a 5 yr deal which doesnt expire until 2012 5Yr fixed 5.49% interest only Loan amount £204,000.00 Monthly repayments £933.30 Early…
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Doe my motgage lender have to pass on the interest rate cut?
Can anyone enlighten me? I have a tracker mortgage, with as far as I can tell no collar. Does my lender have to pass on all the interest rate reductions? I believe I have a "signed contract" to that effect.
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First time buyer...how much to spend?
Hi all...I'd be very grateful for some pointers as to how much I should borrow for my first mortgage. I am currently looking to buy my first place in the next 12-24 months in London (obviously I will only buy if I can negotiate a massive discount to protect against potential future falls - I will be a hard nosed…
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Remortgaging for extension
Hello, Having thought about an extension for three years, we think we are almost in a position to do it. Very kind relative is giving us £40,000 - my question is: would it be better to use this to reduce our fixed rate deal (fixed till Jan 2011), then remortgage with someone else. Or, would it be better to remortgage,…
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Re-mortgage or suck it up?
I re-mortgaged in June last year through a mortgage broker, who advised me at the time to go for a fixed rate deal. I ended up with Halifax on a fixed rate of 6.79% for 3 years (interest-only). Since the interest rates have started going down I have begun to feel pretty sick about this! I wondered if anyone could give me…
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Please Help Ftb
I am most of the way through buying my first house but am now very confused about what to do about a mortgage and need good advice so please, please of you can, help! I am almost in tears as I am writing as I am so confused. Nationwide have offered me a mortgage, 3 years fixed at 6.68% with a £299 fee. When the interest…
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Can you negotiate early payment charges on a fixed rate mortgage?
I have a fixed rate buy-to-let mortgage with Mortgage Express which is set up 6.59%. I believe the variable rate is 3.75% with them at the moment. I called to see if they would negotiate a lower early repayment charge if we went on to a variable mortgage and they said "NO"!! Is there any way you can negotiate this in this…
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Endowment Shortfalls - again?
Due to the recent unrelenting interest rate slide does this mean that I will be receiving more 'red warnings' relating to the endowment policies covering my mortgage capital? These should 'mature' in less than 3 years time - but are they better being cashed in now and paying off part of what is a part repayment/part…
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Mortgage Help
I really need some advice but have no idea who to ask. Its a complicated problem but i will try my best to explain and hopefully someone can give me some advice. I live in a house in Deal with my missus. She, bought this house for £160,000 with an ex. They have (obviously) split up and she is now my fiance. I really want…
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Odd situation - would like some advice.
Hi I know that this situation is of my own making - so please don't be too critical. I brought a house in 2005 on a 100% mortgage. In 2007 I was relocated for work at very short notice and I decided to rent my house because it was quicker to arrange than a sale. By now I had some savings, not much but enough for a 5%…
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New offer
Hello,i have a lifetime 0.5% above base rate tracker and have been offered 2.25% fixed rate for 2 years with no fees, reverting to variable rate with present lender.I will be in a position to pay off mortgage in 3 years.I would be grateful for any advice. Thanks. .
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ge money mortgage - Ends aug 2010
Hello, just wondering if you can help, we now have 1 1/2 years left to run on our 3 year fixed mortgage. We bought the house for £108k on interest only and 100% :eek: Bad i know, so we had the house valued and its worth £120k, so when it comes to remortgage we will have £12k equity. How does this work, when our fixed rate…
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Mortgage overpayments or place in savings account?
Hi, I am currently on a BOE tracker (+ 0.79%) with HSBC, with the latest rate cut to 1.5% it brings me in at 2.29%. Does it make sense to continue overpayments this year or is there a consideration to be made on using higher rate savings accounts (perhaps fixed rate) and pay a lump sum at a later date? I am a higher rate…
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How to calculate new monthly payment
Hi, I am currently on a fixed rate of 5.49% until April 09, My mortgage documents state that at the end of the fixed rate product my mortgage reverts to Bank of England Base Rate + 1.1% Can anyone give me an idea of what my repayments will go down to on a £70,000 mortgage over 11yrs? or how to work it out? This is a…
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mortgage fixed rate...coming off it
hi we currently have a fixed rate mortgage of 5.09% which runs out in just over 3 years with c&g. our outstanding mortgage is around 116.000 the payments per month are 668 but we are paying 900 per month (overpaying).my question is this would it be worth our time paying whatever the penalty charge is to come off the fixed…
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Need to ask a question re payment holidays
Can someone explain this to me please. In november, following my husband having an operation and looking at quite a long time off work, we phoned Halifax, our mortgage lender, and requested a payment holiday of 3 months. It was explained to us that in doing this we would still be charged interest on the mortgage amount…
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Mortgage Help..
Hello Everyone Just wondered if it was possible to get a mortgage on a house where a kitchen has been ripped out? It was a repossession and the people have taken literally everything but the fridge and the pipes!! Its only £90k and we have £30k saved so would need 60k. If not, how do you get round it, or do you just need…
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Fixed rate ending, which SVR?
Hi there folks :) Our two year fixed rate mortgage runs out in May (rate of 5.4%). When we fixed the mortgage two years ago we were told that at then end of the period we would go onto the SVR of 6.1%. What I want to know is, will they put us straight on to that rate or will we get their current SVR which is alot…
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when can i get one
just cleared bad debt from credit file £1350 I paid up in full i did have a default on my file from 2004 regarding this. I have a 15% deposit for a mortgage but when will lenders start to look at me