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Mortgage Statements
Hi All, OH and I took on a mortgage last year and do not receive statements or see them on internet banking. Do I need to contact the bank to arrange this? How do you guys see keep track of your balances? Thanks,
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Switching debt managment companies.
I have been with my company for getting on for two years now, but I am thinkin of switching. How easy would this be? At the moment I am with churchwood finance and pay £200 a month of which they keep a certain amount, which I am not really happy about. Also I have other debts which I decided to manage on my own rather then…
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Am I doing the right thing? Offset mortgage.
Hi I'm new to these forums but am finding it very interesting reading. We're about to renew our mortgage as we are coming to the end of a fixed term deal. I am with First Direct and am hoping to get their 5.29% 5yr fixed rate deal, Offset. We are happy to pay a little more fir a 5 yr fixed rate as we prefer to know where…
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Is there any way I can make £200 a month without a job?
Hello - been reading the thread with interest, and wonder if you could help. I am due to give up work in June because we are having a baby. Maternity pay will last until March next year, but most of that money will be ploughed back into our new house. We live on my husband's salary and it covers us for living expenses, but…
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Want to pay more off my mortgage?
Hi I have three accounts on my mortgage with Nationwide. One is for £6,431, one for £11,813 and one for £28,047.62 total of £46,000. Its fixed until 2009 at 6.13%. Now I will be unemployed soon but got money to pay myself and my child support agency payments will be reduced from £33 a week to £5 a week. So I want to reduce…
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Overpayments: Reduce terms or payments?
Hi I've been making some overpayments to my mortgage. I've only just discovered though that mydefault/minimum payment stays the same - thus the terms is reduced, rather than the required monthly payments. Is that ok do you think, or would it be better to get reductions in payment instead, with the same term? Presumably now…
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Working out what my balance will be?
Hi, I am trying to find out roughly what the balance of my mortgage will be when our fixed rate ends in May 2012, we are nearly at the end of our first year which is 5.44% 5 year fixed with Nationwide. We currently pay £414 a month plus overpay with £200 a month. When we remortgaged last May our balance was £60500 give or…
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Re-mortgage early? BBC Breakfast warning to act fast!
Hi All Long time no see! We're still MFWing though recent high expenditure on CCs has seen far too much of our income going on purchases rather than saving or the mortgage... :o But anyway, I am getting a tadge concerned about the re-mortgaging. On BBC Breakfast they were saying that a lot of the remaining deals are…
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Barclays Additions plus Account
Hi Friends, What are the latest thought on the Barclays Additons plus account. It seems to cover a lot of things which one would need Free worldwide travel for family (£150 pa estimate) RAC comprehensive cover (£100 pa estimate) Emergency repair (£80pa est.) Will writing for joint (£150 one off est) Legal advice (£?) These…
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Dear lord, I'm so sad...
This MFW thing is getting me good... I decided to start saving £2 coins, along with our usual chuck the contents of yer pockets in a change jar. Well I'd only managed one coin so far, but today we went to a local farmers market and we got a £2 coin each in our change! I was itching to get home and get them in the piggy…
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Invetment and finance
Hi everyone! I am interested in investing in property. I have been advised to start from a fix and sell property. The problems is what size of fund i should be thinking of before starting and how this coud be raised. Can anyone pls tell me what sort of capital could be needed for starting from property like £100k. I have a…
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MSE and future mortgage rates
Mortgage rates are going up because banks won't lend to each other and are more reliant on retail funds from you and me. MSE regularly publicises the best rates :) from foreign banks, even if they don't lend to homeowners in the UK. Perhaps MSE is adding to our collective credit crunch problems and increasing our…
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Asking the mortgage advisors
I have been in technical sales all my life but the sector in which i work is currently on the floor.I am thinking of a late in life career change and today saw an advert from a company willing to train applicants to the required qualifications to sell mortgages. Having an interest in financing,I wondered if,current markets…
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Do I pay off Interest only mortgage?
I will shortly be in a position to pay off my mortgage.It is approx £35000.The normal maturity date is Jan 2012. Do I pay off or invest that cash?
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Help me MFWers
Hey folks Can somebody tell me if I'm being dumb or not :confused: I took out a graduate mortgage a couple of years ago on very generous terms (the main one being 100% mortgage :eek: <--- I know but it was before I found MSE). Now a couple of years down the line and thanks to an equally generous discounted period I haven't…
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Minimoocow's 2008 MF Journey
Hello all, I have been wanting to post stuff over the last few months but haven't as I've not been sure the MFi3 thread is really the right place for it! It was only when reading TallGirl's new diary that it occured to me I could start my own thread for my random ramblings . . . so with apologies to TallGirl for borrowing…
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How much to save before overpaying mortgage?
Hi. We are about to change from an interest only mortgage to a repayment mortgage and would like to overpay it. Not sure which mortgage or what rate yet. My question is how much do you think people/we should have in savings and accessable before overpaying and locking away the money? Do you all have quite big savings…
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i need help with this calculation guys mortgage - savings
I have an offset mortgage of about £70000 with between £2500 to £5500 offsetting savings, ie it varies but it is not a lot considering the debt. The mortgage interest rate with my mortgage for comparison it says is 6.2%. But I have been putting money into stocks and shares since 1992 with not much sucess in the beginning…
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Interest only vs Savings
The mortgage is 125K/5.49%/10 yr fix - 21 yr term. If Interest only payment = 573 pm / repayment style = 840 pm Difference of 267 pm. If the 267pm got a return of 6% over the 10 years what would the benefit be? Also is there a calculator out there that can compare these types of scenarios. People always say if your…
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0.25% cut in BoE base rate
another £20/month towards the overpayment.... thanks Merv.....