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Booking Fee Question - Rate Change
We are moving our mortgage at the end of the year to a FD offset mortgage. We had paid a booking fee to secure a rate of 6.19% for a 10 year fixed rate offset, were accepted and have the paperwork to sign and complete The rates have now come down to 5.95%. Can we phone them and get out on the lower rate without having to…
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Name On Mortgage
Hi, My wife's parents want to apply for a mortgage which they simply can't afford. They however believe they can and are going to do additional things to help pay for it, they have asked her to place her name on the mortgage so the bank will then give them what they are looking for. I feel this is morally wrong but they…
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Need Advice for 3rd Mortgage
Hi, Me and my wife both work full time and our household income is around £72000. We have a residential home with mortgage of £239000 and the property was valued at £285000 by bank last month. I have another Buy to let property with £232000 mortgage and property value approximately £275000. As my family has grown i need a…
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Self-cert with old adverse?
Hi, My partner needs to have a self cert mortgage (contractor), our broker tried to place us with GE Money not self cert, however this appears to be falling apart. His income stacks up and we have 15% deposit on a purchase of £175000, however four and half years ago he has a default for £4000 approx (due to marriage break…
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mortage fees,costs
hi,,just a quick question about mortgage fees,costs. Is it best to pay them up front,,or have them added to the mortage loan,,,or would the money that would be used to pay up front be better put in to a cash isa,,say paying 6.25% thank for any clarity or advise,,,much appreciated :)
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mortgage missed payment advice...
Hi, I'm looking for advice on mortgage payment defaulting if anybody has ever done this before?? I basically set up a standing order for my mortgage payment because Northern Rock will not accept a direct debit on any other day of the month apart from the 1st. (I didn't want this set up on the 1st because it would be the…
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How to mortgage the un-mortgable-able
Hi all, I am looking at a massionate with 2 kitchens in requirement of cosmetic touching up, which makes it fail lending criteria for every lender at the moment. My question is kind of two fold: * Is it possible to get a refurb mortgage on this instead of a traditional residential or buy to let? . So idea is, borrow a…
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Government mortgage rescue package
Following the Governments announcement yesterday regarding a mortgage rescue scheme, does anyone know what it involves, or are the details to be announced? I did find one link, but it only mentions about it being available in England? We are in Scotland. Any info would be greatly appreciated Thanks
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Shall I stick with the endowment?
This appears to be the place to get good advice on endowments. Mine was with Scottish Amicable but now with the Prudential who took them over in the 90's. It is due to mature on 1/9/2014. I got a surrender value of £16169.00 as at 3/9/08. Projected maturity values at 4/6/8% are £22200/ £24600 / £27300. As yet Prudential…
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what is a fixed rate offset Mortgage
i dont get what these are - i know what a fixed rate is, and i know what a tracker is - what the hells a fixed rate offset mortgage? thanks!!!
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Stupid question - relocation
Hi guys, new to this board, hoping you can help me. I'm think of relocating to Devon but being able to find a job and tie this into selling and buying a new home is going to be tricky. Ideally I would like to sell my house, move to rented accomadation and then buy a new house once a job had been secured. My only issue with…
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First Direct 10 year fixed withdrawn
Looks like FD have pulled their 10 year rate - http://www.firstdirect.com/mortgages/rates.shtml. To all those like myself who took the 6.19% deal and were considering dropping down to the 5.95% deal, looks like the decision's been made for us!
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Self cert mortgage
As a sefl employed couple, we need a self cert mortgage - what is the maximum LTV we can get on these and what are 'likely' rates?
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Fixed Rate Mortgage 2yr or 5yr
We are due to remortgage in october and cant decide whether to go for a fixed rate for 2 years of 5 years. The broker has advised us to go for the five year deal but we're unsure. I would appreciate your advice:confused:
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Combining 2 mortgages
Hi there, first time poster to the site and hoping someone can give me some advice! Myself and my wife bought a new house 18 mths ago so we had to take out an additional mortgage to finance the purchase, this was a 2 year interest only fixed rate (5.29%) that ends in November 08. Total 90k. Mthly repayment £401. This was…
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Mortgage - Transfer and Addition of Names
Hello All, What are the steps and likely costs involved in the following -? -Transferring a mortgage from someone to another person -Adding an extra name onto a mortgage. The reason I ask is because I have a relative who is really struggling to meet his repayments (interest only). Getting a lodger is an option but won't…
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Buying out advice
Hi, I'm posting this on behalf of my friend. Last year she bought a flat with her boyfriend. They have now split up. She wants to buy him out and keep the flat. How does buying out work? What would she have to give him back? They've paid 50:50 on the deposit and all the mortgage repayments so far. They bought the flat for…
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Mis-sold endowment as a young greenhorn
Need your help you wonderful people... sit back and read on Back in 1987, I was buying my first house for £43,000 with my fiance and the financial advisor at the estate agent we were buying through told us this wonderful tale of how in 2012, we would have our morgage paid and approx £20 in our pockets... never once did he…
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Wannabe 2nd time buyer - advice needed
Hi all, in 2005, I went on a shared ownership scheme and purchased 40% of a 2 bed flat at the time selling for £195,000, meaning a mortgage around about £76,000 at the time. Each year the rent has been creeping up, and now my 3 year fixed rate is coming to an end imminently - that combined with a couple of other factors…
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smallish mortgage
i have seen a house we really like for £91,500. we weren't intedning to buy for another 2-3 yrs so have no deposit. also, credit wise we are not perfect, no ccj's though but missed payments etc. i earn 25.5k, ote 37k, my partner earns 21k. what is thelikelihood of a: 100% mortgage, or b, 95% mortgage and 5k unsecured loan?