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First Time Buyer....I don't have a clue!
Hi All, I am new to MSE so applogies if I say or ask anything out of line! I am 25 and looking to buy my first property with my partner ASAP due to ongoing family issues! We want to spend around £175,000 and have looked at mortgages available and all are around 6.50% plus....and all say fixed for the term of the mortgage.…
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What should I do at the End of my Fixed Rate Mortgage?
Any help would be much appreciated! I currently have a 2 year fixed rate 95% LTV mortgage. This deal is due to end in the next few months and I'm just wondering what I should do. I currently do not have any capital to invest so I'm concerned as to what will happen when my fixed rate ends. Will it be OK to just go onto my…
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Bristol and West not taken monthly payment..!
2 days overdue now! It's interest-only, so I shouldn't lose out at all as interest would just accumulate whatever happens. Wondering whether to phone...
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another lost soul
Hi everybody. loving this site and all the information and helpful people out there. we owe my parents 165000 as they remortgaged to help us buy our home. they want there money back. our ltv is 50-60 % so its been a good move. Do we go interest only on say a tracker or svr for a couple of years and try to save into a isa…
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SVR mortgages????
Is anyone actually offering SVR deals at the moment?? i know nationwide used to and they all dropping the svr rate but thats no good if no one can go in and jump on the svr rate. Ive just looked at northern rock and their svr rate is 5.84, but no one can just go onto that deal they have to go on to something called a flexi…
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Stay on Variable rate & overpay?
Hello. We came off our fixed rate with Cheltenham & Gloucester a year or so ago. I did think about doing a new fix and spoke to them on the phone about asking for a home DIY loan at the same time, but was put off by charges etc. Anyway, we stayed on the variable rate and while it did go up at first it is now climbing down…
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HELP! - Need some advice
Hi, Im a FTB looking to get onto the property ladder, i know its not the best of times to be looking to buy and it would be better to rent and save at the moment but i've come across an offer that might be worthwhile. Basically, some new houses were built and were supposed to be on the part rent part buy scheme, but…
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Which sub prime lenders are bribing to leave?
I've heard that this is happening in some cases and would be interested in knowing who is doing it and how much the so-called bribes amount to.
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Whatever happened to all the brokers on here?
This forum used to be a regular hotbed of 'em. Something tells me they've taken fright.
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Help! Mortgage calculators say we don't earn enough!
Hello! We're in a bit of a pickle in that we are first time buyers wanting to buy in the shockingly high South East housign market (yes a nightmare!). We have inputted our details into online mortgage calculators and most say we won't get more than about £160,000 for a mortgage- which is peanuts compared to the house…
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Best Buy Mortgages
I've been searching the website for a list of the best mortgage offers, you know like Martin has compiled for credit cards, savings accounts etc. But I can't find any. Maybe it's me? Can anyone help? Specifically looking for 2/3 year fixed rates and trackers. Our fixed rate offset comes to an end this month and since our…
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Best Tracker Now Available ?
What is the current state of play, what's the best tracker rate at present or are they allworth avoiding now ?
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Right to buy advice
Hi My aunt wishes to buy her right to buy home, but will not be able to get a mortgage, the housing association have basically said it doesnt matter where the funding comes from as long as the actual house is in her name and the right to buy scheme is applied for just by her, so can my husband get the mortgage for her and…
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Should I port my fixed 5.58% fixed rate or just pay the charges?
Hi, I am selling my house due to splitting up with my partner and have just accepted an offer from a cash buyer. The only downer is I took out a 5 year fixed rate mortgage at 5.58% with Abbey in April 2008, which means we will be charged around £6400 to be released. I have been told by Abbey that I could keep on part of…
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2 mortgages - 1 for the elderly
Hi, I have a problem. I bought my parents house from them in 2005. I did it so that i can help them with their debt. Unfortunately i now want to get my own house and do not know what to do with my parents. I cannot leave them but want them to live some where close to me. My parents have gone to Birmingham City Council and…
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Fixed Rte Mortgage. Change or wait???
I am currently at the end of my tie in period and have been told that my Abbey mortgage has risen to 6.98%. After speaking to the Abbey and discussing their deals this will decrease by 1.5% due to the base rate cuts. I wabt a fixed rate deal which is curently 4.99%. Shall I sign up for this or wait and see what the cuts…
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change to new fixed rate deal with negative equity???
Hi After hearing about the drop in interest rates today I have a question. My current two year fixed rate of 5.79% expires in June 2009. If I want to go for a new fixed rate deal next June what effect does the negative equity in my house have (bought June 2007 :mad:)? I don't want to move I just want to know if the lower…
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self build mortgage rate?
Would anyone have any ideas of the rates for a self build (in N.I) Would have the house site from family. Would just need build costs. Have no idea about rates though
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Future Mortgages
I am just wondering if anyone knows about Furture Mortgages. My fixed rate deal is up in April 09 but apparantly they have folded. Information is very difficult to find and I am worried what is going to happen in April. Do they have a variable rate and if so what is it? Any help would be much appreciated. Thank you
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Paying off mortgage with inheritance - advice appreciated!
Could anyone assist with advice regarding the benefit of paying off our mortgage? We've recently sadly had a bereavement but this means that we will be due an inheritance of around 110K once everything is settled. Our mortgage is currently just under 70K but was fixed unfortunately in August at 6.2% for 5 years when the…