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Help own flat but have to pay management fees
Hi hope some people may be able to help or direct me to a site dealing with this type of thing. In 1999 i bought a flat. The flat is leasehold with the freehold being owned by a person who uses a managment company. The management company operate from London and charge annual fees. The fees currently are running at £900 per…
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advice required
hi, b/f has a 3 yr capped rate with northern rock, he is 2 yrs in. fancies remortgaging, but I imagine he is tied to the northern rock.(?) he phoned and they are willing to increase his mortgage without another survey, or even someone checking the house, as the reckon house prices have risen. he needs the extra cash as he…
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equity release
new to this forum so apologises if this has been covered elsewhere. i've 2 elderly parents who want to realise some capital from the value of their house. would anyone know what products are available ? thanks, paul
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endowment mortgage compensation
We have been offered compensation from our endowment co.which we feel is inadequate and wonder if anyone else has had the same exp. and how did they resolve the matter.We ahve been offered the amount we ahve paid in over 13 yrs +£1000.Should we accept this offer as if we continue to pay this premium for another 12yrs we…
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Transferring mortgages
My girlfriend and I currently live in a flat owned by her parents. We want to take over the mortgage but are not sure on the most tax effecient way to do this? Is it by her parents selling the flat to us at a knock down price and pay the capital gains, them giving some of the flat to my girlfriend as a gift in kind or some…
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Does a mortgage have to be 25 years?
Is it possible to get a mortgage over a lesser period than 25 years? that will allow overpayments as well. The amount to borrow would be either £25,000 or £27,000,after deducting discount.We are basically being forced to buy our council house on right to buy.Purely to get on the housing ladder as we have been priced out of…
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Re: Land registry charges against a house
I can't help you with your question but i can help you get answers.. A lot of people won't bother helping if they read it because of the refusing to pay the CSA and wanting to sell the house to avoid them.. You might be better elaborating a bit on it so people can see why he needs to do it and depending on the reasons you…
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Pay lump sum off mortgage or not?
Am wondering whether to pay a lump sum of £15k off my £45k mortgage. The £15k is with Cahoot (5.5%), the repayment mortgage fixed rate of 4.25% for 2 years and in it's first year. Now I realise that I'll be paying more mortgage interest than I'll receive in savings interest so it probably makes sense to pay off a chunk.…
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Remortgaging
Hi all, I'm looking for some advise really. My wife is starting university mid September and I want to change my mortgage and see what I can do with a loan I have. I have no redemption penalties to pay and my mortgage is with the Halifax and interest is worked out yearly. I took out this mortgage in 2001 for 25 years. The…
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Shocking Offer...
Can anyone help me here.... I have been trying to get our freeholder to sell the lease to our flat. She has been difficult and generally uncooperative. However, she is now willing to sell the freehold to us for £8k ( 16K for the two flats) +costs.There are 80 years remaining on the lease and we pay a ground rent of £30 a…
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Savings..If a Bank collapses???
I understand that only £31700 is payed out to savers if a bank collapses....should I now move any money in excess of this somewhere else??I have much more than £31700 in an internet account.. any ideas where would be best??? Ta Ian
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where to get a mortgage
hope someone can help - where to start :( I'm a single parent, 2 kids aged 17 and 14 both still at school. I work part time and my salary is £10000 per annum. I receive WTC and CTC of £5000 per annum and child benefit of approx £100 per month. I live in Northern Ireland and bought my detached bungalow in March 2001 and…
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ENDOWMENT COMPENSATION
my mother in law has just been offered compensation for a mis sold endow. she is retired and the endowment went well (13 yrs) into her retirement the compensation amounts to premiums paid plus intrest but no additional compensation for the mis selling and anguish is there any point in persuing this with the ombudsman? she…
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Capital Gains Tax on second property
My wife and I have a second property that we presently rent out. I believe that in the event of us separating, if one of us should use the property for a certain period of time as their main residence, we can avoid CGT on the property should we then need to sell it. Am I correct, and what is the period of time? Any advice…
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refused mortgage
my friend has asked if she is refused a mortgage loan and then applies to another lender are they aware she has been recently turned down for a mortgage
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Advice buying abroad?
Ok i have a house in the UK with a mortgage of £88,500 the house is worth about £120,000, So £31,000 equity i would like to use some of this to purchase a property abroad can anyone advise me of whats available to me, any info please..
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Buying and leasehold
Folks, I would be so grateful for your advice/opinions. ::) There is a property that I am keen on which is on the market for below market value. The problem is that the leasehold expires in 8 years. To buy an extension the price is £180,000 and would have to be paid for within 2 years. I can easily get a mortgage to pay…
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Q- If Houses Crash- Mortgage them or Rent Them?
One thing is certain for the future: Everybody will need a place to live- housing crash or none. Here is my theory, its based only on my circumstances, and my financial situation...so this is open to debate (once again) before it can apply to the majority of people- or indeed before its proven as a failsafe option…
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getting a mortgage if you are on St. Benfts
Please could anyone help with my dilemma. I work FT and my wife is on DLA and Incapacity Benefit plus she recives a small ill health retirement pension. Does anyone know of a mortgage co. which would take her Benefits into account when looking at our income to offer us a motgage? Otherwise we cannot raise a big enough…
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Shared ownership
Mortgage and housing experts... what are your views on them? My mate who i rent off is looking to move and find a bigger place but he weill have to sell the house i live in to be able to. Would you reccomend a shared ownership for a first time buyer or advice against them?
