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woolwich lifetime tracker mortgage
Whilst I am very happy to have a Woolwich Lifetime Tracker at 0.18% above Barclays Bank base rate last autumn, I am surprised at some of the features of this product that were not stated in my Mortgage Offer. The problem areas are (1) although the interest rate charged changes on the first of the month after a Barclays…
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Base rates
The current financial crisis makes no sense at all to me. 3 months ago everyone was talking about how high interest rates were (BR around 5%) and now repossessions are rising fast with BR dropping monthly. With the current borrowing plans that the government is planning to boost spending, surely all they are doing is…
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Halifax SVR?
Just a quick question. I've just finished on a capped rate with Halifax and had a letter to say I'm now on the SVR of 5%. Is this the SVR after both of the interest cuts ie the half percent and then the subsequent 1.5% or is it likely that the 1.5% hasn't come off yet? I've looked at their website but to no avail. Thanks…
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Re-mortgage dilemma !
Hi I finish a ten year fixed next month (5.69%) and have paid First Direct £400 to secure a 2 year fixed at 5.25% (with a £400 closing fee when I take it) I've got 71K left outstanding on a house worth (this week) 220,000 (In London) I want to borrow an extra 26K to build an extension taking the total to be borrowed to…
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Mortgage Options - relationship breakdown
I have just split up with my ex partner, and we are both named on the mortgage. He has said that he wants to transfer equity into his name, but has so far made any movements to do so, and I want off the mortgage asap incase he defaults on future payments and the house is reposessed (he is not clever with his finances at…
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First time buyer advice - near 100% mortgages?
Hello, we are first time buyers ideally looking for a 100% or near as dammit! 100% mortgage as a repayment. Any pointers from recent experience? Really looking for a 2/3yr deal initially where there isnt extortionate deals. Looked at a few and the arrangement fees etc were quite high!
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HSBC Revised Mortgage!!! HELP!!!!!
Hi, I want to purchase a new build apartment with a selling price of £141,995. I have then got an incentive price after a bargaining session form the developer of £120,000. I have a £20,000 deposit and I needed a mortgage for £100,000. The actual purchase price will be £141,995 but i will only pay £120,000. I have got a…
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trying to get off a joint mortgage
Hi all, bit of advice please? Me and partner split up, he wants house, I dont, hsbc say they wont let him take the house solely on, I want out. Is it worth pleading my case to hsbc, saying im no longer living there, and I want out, or will it just not make any difference? Its about 90% LTV at present. I just feel so stuck…
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mortgagesd plc
anyone know what the svr is on mortgages plc? thanks
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getting out of fixed rate just taken?
At end of oct my fixed rate expired and I verbally agreed new rate of 5.74 for 2yrs( i had been closely monitoring rate for prev 3 mths) with existing lender which is due to start beginning of december. Then rates were cut and they are now offering 4.34 and this would save me about £150pm. I have rang them and the say only…
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2yr fixed mortgage coming to end march 09
My fiance and I have a 2 year fixed mortgage with nationwide for 170500 which is at 4.98% and costs us £994 per month. We're looking at deals at the moment for a remortgage but there seems to be very little available. there is apprx £162k left on the loan and our house is worth £230-240k. The base rate dropped by about…
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Advice on paying off a bit of my mortgage.
Looking for some advice on which way to go please. I've got roughly £5000 coming back through the Iceland bank fiasco and I've decided to pay off some more of my mortgage instead of investing it back into savings. Here goes I have a two part mortgage consisting of £26,000 interest only and the repayment side is down to…
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To pay or not to pay
Hi Guys, Quick question ... We have about £42k offset mortgage with C&G, about £30k savings in accounts offset against the mortgage. If we have extra cash each month do we .... overpay the mortgage and reduce the actual capital ? or save it in an offset account and not pay interest on that amount and therefore overpay the…
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Mortgage advice fixed rate due to end Jan 09
Hi to you all Hubby has a mortgage with Leeds Building Society. He took it out Sep 06 - fixed rate of 4.940% until Jan 09. Its a Capital and Interest mortgage. We pay £475 per month. Now we are going on a DMP - we have defaulted on a few accounts. So our credit rating will be shot to pieces. We did miss a payment the other…
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New deal - Tracker, Fixed or other
My current deal is up at end of December I'm currently on a tracker +.69 above base rate with C&G, balance of the mortgage is £90k (house value approx £200K) and currently making monthly payments of £1000 I dont mind looking for a new deal in a couple of years, the cost of the current deals are putting me off, especially…
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remortgage/100%/value of property
when we took our mortgage (nearly 4 years ago in april) on a 5 year fixed deal, we paid 89k for the house and put 25k of other debt into the mortgage at that time as it was the only way to get a mortgage. what we have left is currently about 100k in total. the value of the property is about 105-112ish (at present). the…
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Lenders and the rate cut - a call to Martin
It seems to me that our beloved leader has sufficient public profile and clout such that he could - and should - be taking up the cudgels on behalf of struggling mortgage payers in the same way he was keen to champion the anti-bank charges cause. I'm aware that some lenders are making the case that their rates would not be…
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Mortgaging Advice
Hi, Wondering if someone can give me some wisdom on mortgages / home buying. We currently own a flat which is 100% ours and is expected to get £165K on the market. We would like to buy a house and we currently have our eye on one that's a big project and would expect to get that for around £280k. We'd need to do a lot of…
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Whos Mortgage has actually dropped out there?
Hey. Just a quick one really. As many know there has been a 2% rate cut over the last couple of months and I wondered - 1. How many peole have received the full drop and therefore a decrease in mortgage payments and what is their new rate. 2. What type of mortgage you have and who is your lender. I ask because I cant…
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Hsbc - Svr ?
How do I find out HSBC's current SVR? Do I have to phone them? Are they required to 'advertise' it anywhere, ie on their website - as I can't seem to find it anywhere?