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Advice Please!!!!!!!!!
Hi Am looking for some advice please I have had an offer of £60000 accepted on a property and applied for a mortgage with C&G for £54k. When I put the offer in on the property I was aware it needed a lot of work doing to it hence the low price. I had a homebuyers survery undertaken and it came back requesting additional…
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Declined for mortgage & links to credit rating
We applied for a mortgage online last night. When the application was completed the site ran some credit searches and came back to us with "referred to underwriter" which I thought may just be a precaution on the banks part based on the current economic climate. When I checked the outcome this afternoon, it said that we…
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Question about borrowing money on the mortgage
Hi, I need to get hold of £10,000 for some home improvements & to pay off some other small debts, I quite like the idea of adding it to my mortgage and have been told by a colleague that adding about £10,000 would be about £20 a month on top of my existing payment...which I can easily budget for. I have 19 years left of my…
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Northern Rock - Not passing on full cut
I see they only passed on 0.5% following the decision last week - Boo!
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Britannia Remortgage - questions for existing mortgage customers
Hi - was wondering if anyone going through a Britannia Remortgage as an existing mortgage customer can tell me what the process is? The website has fixed rates up for existing borrowers that aren't broken down by LTV ratios so I assume that LTV is not taken into account hence I don't have to worry about a valuation? Also…
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Abbey National Tracker rate
Hi there I was wondering if anybody can help me with the following: I took out an Abbey National Tracker mortgage at 5.0400% above the base rate 2 months ago, with the 1/2% BOE rate cut in November my payments only came down by £44.14, but by my reckoning they should have come down by £63.75 I have worked this out using…
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Need A Fixed 10 Year Mortgage (Help)
A need a fixed 10 year mortgage for £35,000, can somebody point me to a bank that can offer me this,and what would be the average rate for this be, Nationwide offered me one at 6.29 last month but has since pulled there 10 year mortgages of the market. Thanks For Your Help
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Woolwich / Barclays Base Rate
Hi, there seems to have been a lot of confusion over what the BBBR is. Attached to my mortgage offer when I took is out was a sheet named "Supplementary Mortgage Conditions". Point 9 of there conditions states "Interest on tracker rate mortgages is charged at a set margin above or below or equal to the Bank of England base…
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interest rate reductions
I am with "Intelligent Finance" part of the Halifax and they are witholding the 1.5% recent reduction till January- most mortgage providers have allowed us to benefit in December and not made us wait until January ( I asked around in the office !!) I dont suppose I will see the latest 1% ever...? NAME AND SHAME INTELLIGENT…
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How to find out value of house before re-mortgaging?
Hi all, what happens if I apply for a remortgage deal which has a max LTV (say 75%), pay for a valuation and discover it does not meet the LTV criteria? DO we forfeit the valuation and/or product fee? we bought our house less than 3 years ago but I have no idea how much it is worth now as there are no direct comparables…
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Sell Endowment to Pay off Loan?
I started this thread in DebtFreeWannaBe, but with hind-sight, it might have been better here, so apologies for repeating myself.....
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Fixed-rate fud - what to do?
Hello everyone, I'm after a wee bit of advice. My current situation is; Bought a flat for £57k just over three years ago, Remortgaged one year ago to a 10 year term, fixed for the full ten years at 5.68%, monthly payments £492. Early repayment fee of approx £1350 I am a higher rate tax-payer, £17k in an INGdirect (ex…
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Whats the best way to over-pay?
I’ve currently got a tracker repayment mortgage with Abbey and I want to start making overpayments with a view to paying off my mortgage within the next 10 years. I am however, confused as to the most effective way to do this. I understand that I have two options as to how I can invest my overpayments, which are: * Reduce…
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thinking of downsizing
Thinking of purchasing a 100k property with first direct tracker capital repayment mortgage. Its a 1BR/1BA house. would let out my 3BR/1BA House whose mortgage is with HSBC as interest only., Now if I let my 3BR (180k) house - and inform HSBC , by how much are my interest only payments going to shoot up (I am on 3 yr fixed…
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Remortgaging from IF to First Direct shortfall
Morning! Sorry - another remortgage question for anyone in the know, I'm afraid... We were lucky enough to get accepted for the First Direct .79% tracker after remortgaging from Intelligent Finance (never actually thought it would happen!). We were hoping it would all have gone through by 1 December, as this is when we…
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Go part and part OR extend term mortgage
My lender has offered us a new mortgage fixed at 5.29 for 3 years. We are currently on SVR which has just dropped to 4.5. Our mortgage is 106,000 interest only and we have no repyment vehicle. They have offered me a part and part mortgage with repayment on 30k of mortgage with term of 22 years. Since we have no repayment…
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Halifax 3% collar confusion
Hi All I am somewhat confused as to what Halifax are passing on from the latest 1% BoE Base rate cut. Firstly they say they are passing it on, then it turns out they are only going to pass on .25% of it. then yesterday I read in the news how they are going to stand firm against Gordon Brown and not pass on anything. Then…
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Need some advice on what to do.
We currently have a fixed mortgage with GE money at 6.99% monthly payment £709.84 current balance 96,659. and a seperate secured loan at 11.75% monthly payment about £130 balance remaining 13137.22. I have received a letter from my original broker as outr fixed ends on 9th Feb. I have spoken with ge money and they have…
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Halifax Tracker Advice needed..
Our mortgage with Halifax at 5.19% 2 years is coming to an end in February. Broker recommended tracker for 3 years at base rate + 1.79% with arrangement fee of £1500 (with Halifax) - which will currently be 3.79%. I'm not sure if this is a good deal at the moment considering the high arrangement fee, but broker was saying…
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Co-operative Bank - collar or floor?
Does anyone know if the Co-op bank operate a collar or floor on their tracker mortgage products? Can't see it in the small print but there are about 10 pages of said small print so I might be missing it? Anyone know for sure? Thanks