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mortgage company saying i have default!!!
hi,im new to this and dunno if im in the right place or not! ive applied for an agreement in principle from nationwide for a mortgage. Before i did this i check my credit report though CREDIT EXPERT(which im told id experian?) and no defaults,only two missed payments and overall a fair credit rating. But im mortgage…
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Remorgaging with partner?
Apologies if this has been asked before, i've been searching for a while but can only seem to find information on people buying out partners rather than the other way round! I currently have a morgage on a house on my own. I've had it for a few years, but now my partner is thinking of moving in. How does it normally work…
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One Account - SVR only up?
Hi, As a One Account holder I have seen the interest rate charged on my mortgage go up inline with the BOE base rate and swap rates pretty much within days of them happening. On the flip side as the BOE and swap rates have come down I have seen my mortgage rate stay the same. I'm aware the product does not promise to be a…
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Mortgage Charges
Hi. My dad has just found out that he has over £5K worth of charges on his mortgage which he was looking at paying off. Is there a way (in very similar manner to reclaiming bank charges) where i can look to investigate these charges further and see if any of them can be reclaimed? If so are there any templae letters to use…
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Mortgage - max LTV
We have a Nottingham BS mortgage fixed at 5.6% for 3 years due to expire in 2011. However, we are seeking to move and are looking at a new build at £170k but the Nottingham will only offer us x 4 of our salary. I have recently become self employed but am working at present also - our joint income is £34000 as the wife just…
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Remortgage now or hold out a bit longer for a better deal?
Our offer period ended in July and the mortgage is now on a tracker at 0.99% above the base rate for the term of the mortgage. At the time I researched online and spoke to L&C and couldn't find a good enough deal for it to be worth changing. The lender could only offer us fixed rates at about 6.5% and then going up to an…
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Buy To Let or Residential?
Hi, I own a house, which is currently rented out - there is no mortgage as I inherited the property. I have been to see a Mortgage Adviser because I would like to release some equity (25K). He has said I would need a Buy to Let Mortgage but because I do not have a mortgage of my own it might be possible to do as a…
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Fixed Rate to Variable Rate Question
I'm just over 1 year into a 2 year fixed rate mortgage with Nationwide, then I'll go into a standard variable rate. Since we booked the mortgage, interest rates have fallen by about 0.75%. Just to make things simple, say our variable rate was booked at 6.5% What I would like to know is - Is the variable rate affected by a…
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Mortgages In Divisas
This type of mortgages seem to be quite popular in Spain at present. Does anybody know if they are a good option? Which banks offer the best deals in the UK?Many thanks
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Government loans for first time buyers
Can anyone enlighten me as to what these loans that were announced today are all about. there seemes to be a lot of info on the stamp duty increase but not a lot on this. Me and my partner are desperate to buy and earn a combined income of £35K, i am a graduate and a keyworker (however there is no keyworker scheme in the…
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Bank of England Base Rate remains the same.
Bank of England Maintains Bank Rate at 5.0% 4 September 2008 The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%.
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changing from capital and interest to interest only
Hi, I have just come to the end of my second year of a three year fixed rate mortgage and am starting to struggle.... Are my bank likely to allow me to go from a 'capital and interest' mortgage to an 'interest only' mortgage to help me out in the short term (6 months to one year)? I would prefer to continue paying the…
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Desperate
Hi guys, im new here! Just thought id jump straight in with a question. How easy is it to switch my mortgage from a repayment to interest only and how long will it take to do this? We have no arrears with the mortgage company although our credit rating is bad due to not paying our creditors when attempting to go through an…
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Remortgaging Advice Required (Northern Rock)
Hi, My wife and I are in a bit of a 'mixed bag' situation, with a mixture of worrying bad points and positive good points. We'd therefore really appreciate some advice! Here's the facts... We have a £148,000 repayment mortage (100% LTV) with Northern Rock, over a 30 year period, which we got in October 2006. 10% of this…
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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…