Monthly Archives February 2008

Mortgage Balance Calculator – What’s Left on My Mortgage after the Fixed Rate Offer Ends?

Here’s an interesting tool I found while trying to find out which mortgage product reduced the overall debt by the most over a certain period. > Mortgage Balance Calculator < How to use the calculator: This calculator produces ‘amortization’ tables for the mortgage which show the remaining balance at the end of each year. If you are looking at a 5 year fixed offer, you must put in the entire term of the mortgage eg. 25 years then look at the tables to find the end of 5 years. The rate you input is used for the entire term but if you
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Man Keeps House after Lender ‘Delays’ Repossession

Squatters rights in the UK allow someone to apply for possessory title after 10 years and provided the registered owner does not object in the following 2 years the squatter effectively becomes the owner. But what happens if a mortgage lender ‘delays’ repossession proceedings for 15 years? Well, a High Court ruling has recently allowed Mr Djabar Babai of Heaton Mersey, Stockport to keep his house after being declared bankrupt in 1993 and having not made any mortgage payments since. Natwest ‘delayed’ proceedings for so long they could no longer repossess the property! ‘because 12 years had elapsed so the deadline for
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Snowman and The Bandit Ride Again

Would you attempt to drive 1500 miles across Europe in 4 days in a car worth under £500? If it was for charity, of course you would! Wouldn’t you? Well that’s exactly what a couple of my friends are doing from April 3rd to 7th in a Nissan 100NX dressed up to look (a bit like) the car from Smokey and The Bandit. To add authenticity, one of them (The Bandit) has been growing his moustache and will be dressed in a full ‘Bandit’ regalia for the entire trip! Their route will take them from Calais to Paris then on to
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