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First Time Buyer - Bad Credit Rating...
Hello! Im 24 and been working full time now for a year since University. I have been renting in the last year also and now thinking about getting a mortgage as it seems silly to give your money away when I could at least put it into my OWN house. Back at University I was a bit silly with money. I dont have any CCJs against…
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Help - Newly self employed / Moving house / Remortgaging
Hi, advice would be greatly appreciated, I am currently awaiting a call back from London & Country (tomorrow) but cannot stop thinking about this. Our Situation - Had offer on house for £137K, Mortgage left £37K, House looking to move into £177K, so would need a mortgage for approx £80K, we are currently on SVR, special…
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Remorgage
Can any 1 give me a idea how to remorgage my house?:beer:
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Ex-Portman now remortgaging with Nationwide - Insurance Cancellation???
Our Portman Fixed Rate has just ended and we want a new rate without having to switch lender at the moment. I presumed we were Nationwide customers but we have been told that our Buildings & Contents Insurance and Payment Protection Insurance will be cancelled. This will mean starting from scratch with the Payment…
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Re-mortgage fees- are they legal?
I transferred my mortgage with Nationwide to a tracker account in July 2006 and had to pay £399 to change over. When I went to see about increasing my mortgage last week, I was told that Nationwide no longer charge a fee fto change to the tracker account. The advisor said, "Sorry about that." Do we have a case to reclaim…
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Pitfalls to avoid?
Hi all, I'm looking for some general advice if anyone can help? A bit of background info... I have a £24000 mortgage with Nationwide, currently over 13 years. I want to reduce the term and the interest rate I am currently paying (6.74%). I've asked Nationwide what I can get with them as an existing borrower an I can have a…
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Rates cut next month ?
http://news.bbc.co.uk/1/hi/business/7314127.stm
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Mortgage or Pension? Where should I make additional payments?
Hi I am in the process of remortgage (£45K), and moved to a tracker. My initial plan was to pay additional sums per month to reduce the term and not pay a few thousand pounds of interest. However I have a friend who says that a better plan would be to put 'that given money' into my current defined contribution pension . (I…
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Buying from family member - maximum allowable ?
Morning all, I've got a query on buying property from a family member, we've got the opportunity to buy house from mother, needs a lot of work doing to it however given a value of £150,000. We've agreed we'll buy it for £35,000 so the question is does anyone know of lenders that will accept such a large 'deposit' from the…
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End of fixed deal
Hi Help needed, just finishing 5 yr fixed deal with RBS - originally in letter in feb they offered me 5.85 on fixed for 5 years - at £699 arr.fee,then today i phoned and it had reduced to 5.65 - the guy on phone said they were waiting for new rates and to ring back in a week - after much consultation with others I have…
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Should I bother with Mortgage Protection Insurance?
Hi, I have had a mortgage for over 10 years and my existing mortgage is a staff mortgage. My mortgage is under £100,000 and I pay extra on top of my mortgage for MPI. My company has an excellent sickness benefit scheme but separately I have a life insurance policy; I pay an accidental and personal injury insurance policy…
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Restructured question
OK. I'm sorry for getting a little agitated. I have clearly asked the wrong question. The following gets to the crux of the matter. I hope! I have a 3 yr fixed deal lined up -- I really like it in the current climate in particular. (5.39%) But I'm wondering what's going to happen in 3 years. I could go for a 5 year fixed…
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Principality Dilemma
The rate from the Principality is good, 5.19/5 yr. I want a mortgage where I can make overpayments. They have said that they have a "gentleman's agreement" between customer and lender whereby the customer can make 6x overpayments. This is not written in black and white anywhere. Should I trust what they say? Or run for the…
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First mortagage - end of fixed term - what happens?
Hello, Just looking for a bit of advise. Myself and partner took out our first mortagage as FTB's last summer and our 2 year fixed term comes to an end next summer. We took a 100% interest only mortgage, and I was just wondering what happens at the end of the fixed term. I know that if we just left things, we moved to…
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mortgage guidance for my parents!
Hi everyone, my first post on here after lurking for a long time. Anyhow need some input. Parents are comming to near retirement and have a small mortgage thats up for renewal in june. they owe 19k have about 5k in a endowment which they could cash in? house is worth about 225k they are looking at paying it all of in about…
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Mortgage worries, looking for some friendly advice
Hello all, My partner and I have just came to the end of a 2 year fixed rate and our mortgage has jumped from 500 - 570! We tried to remortgage and found out that I had a CCJ (is in the process of being removed) We really cant afford the 570 (500 was a struggle). We can get another mortgage but the fixed rate is £570 with…
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Splitting up - getting another mortgage
I am splitting up with my partner but the joint mortgage is a problem. It is a fixed term and finishes this August. We owe about £24K and the house is worth £65K. My annual earnings are £25K. Would it be possible for me to get another mortgage for a second property whilst this one is still running? It just doesnt make…
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shared ownership 80% / 20% with fiancee, how is it done legally
ill try and keep this short, me (bloke) and my fiancee (woman) are moving to a new build, my equity and earnings for mortgage will cover most of the house price. She has some equity and small mortgage on her dads house she cant afford to pay a great share of the new house. i want to protect myself should things not work in…
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Re mortgaging a shared ownership property
Does anyone know of a lender that will allow me to remortgage a shared ownership property of which I have a 50% share. The property is valued at £180000 and I have a mortgage of £29000 and wishh to borrow another 27k to clear my debts but there do not seem to be any lenders apart from a few that seem dody around, Any clues…
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Buying Someone Out??????
I've recently split with my fiancee and we need to sort the house. After unsuccesfully trying to sell it (3 viewings in 8 weeks!!) I've been made an offer by my parents to buy my ex out of the mortgage and then we'll rent the property. My trouble is; how much is it worth and how much should she get? We were told by the…