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Best fixed rate ?
I'm going to be looking for a new deal. Rough figures are as follows House worth approx £125000 Mortgage outstanding £80000 I want to borrow around 20K-25K to extend and improve,so I will be looking to borrow around 100K-105K,which is around 85% of the estimated value of my house. I do like fixed rates as I like to budget…
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SELLING SECOND PROPERTY TAX IMPLICATIONS
I am about to sell a property which is off plan and completes in two months. I own another property that is rented out and live in a rented home myself. Are their CGT implications in selling this off plan property?
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Buying property
Hi, I live in the Sheffield Area, and i have been trying to purchase a property for the last 5 months, this has proved quite difficult due to the recent climate, even so i have just been offered a house in which i placed a bid on about 6 weeks ago, this is because the orginal deal has fallen through. But now due to the…
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Sold S.T.C...can I still make an offer?
My house has been for sale for just over a week, and I received a good offer for it yesterday. However, a house that also came on the market last week that we viewed & thought was perfect has been s.s.t.c. on saturday..grrr! I would like to still make an offer, but I'm not sure if I am legally allowed to now. Are the…
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The pitfalls of owning 2 properties?
My nan is currently in the process of buying a bungalow as she can no longer get up the stairs in her house. She is in the fortunate position to be able to pay cash. Her best friend of 60 years is lending her some of her savings to enable her to do this. My nan doesn't want to sell her current residence immediately as she…
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Can I really remortgage at v.low cost
??? I am currently with HSBC and have a 48k interest only mortgage (20 years left) and a 12k equity release loan (10 years left). however, the ERL alone is costing me £50 a month in interest. i was hoping to re-mortgage but wanted to do so at low cost, i.e. all survey and solicitor fees paid. I dont mind paying a couple of…
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Help please
Hi all Im new to this forum so hello all ;D ;) I am after a bit of advice regarding getting a mortgage. I started my own Ltd company a couple of months ago as a joiner. I pay myself a small wage and want to buy our council house. The wage i pay myself is only £160 net a week. My wife is on incapacity benefit and we want to…
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Government property auctions, priv auctions
Hi, im new to the board, did a search and did not see this already asked so..... Does anyone know any auction sites, private and government for the Yorkshire area, also has anyone ever bought from auction, is it true you need to pay 100% of the end of auction price within a month of winning any auction ? Thanls andy
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Remortgage to get extension
Our current fixed rate deal runs out next month and we would like to release equity to extend the kitchen/dining room and get the driveway done. Some rough figures are as follows. Property value approx £125000 Amount of mortgage £80000,(split between interest only endowment of £63000 and the balance on capital and…
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Mortgage multiples
My wife has recently given up work to look after the children. I am looking to consolidate of all our debt to reduce our outgoings while my wife is out of work. Only problem is that now we are down 1 salary in the household the standard 4X my salary wont cover what I would need to borrow. Do you know of any reputable…
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To pay or not to pay off our mortgage?
We're in the fortunate postition of having enough to pay off our mortgage - just £9000 left now. It's currently on a variable rate interest only mortgage (currently 5.75%) with the Halifax. Our savings have been making around 3.5% in Fidelity PEPs. Is there anything I should know before we take the plunge and say goodbye…
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6.34% Rate for 10 year fixed
current fixed rate mortgage with the abbey is up end of this month. Just called them to inquire rate options they would have for us and they have offered a 10 year fixed rate of 6.34% with £199 booking fee. We have a 38,000 mortgage on a house worth £250,000 so lots of equity etc... Is this a good rate taking into account…
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Property abroad
I'm looking to invest in a property development deal in southern Turkey. I have numerous properties in the UK, and want to find the best rate of borrowing on them for this venture. Can anyone advise? thanks, Stuart PS Should I set up an offshore company to handle this for tax reasons?
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Fixed rate ending - what next?
The fixed rate period of my mortgage is coming to an end and my current lender is giving me 3 options. 1. 5.59% fixed for 2 years with £100 arrangement fee 2. 5.79% fixed for 5 years with £100 fee 3. 6.49% discounted to 4.89% variable for 2 years with £100 fee. What does popular opinion suggest is the best course of…
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Fixed or Discount Rates
Hi All, I'm a First Time Buyer. With the current sitution of the Market, the only way I can get my foot on the ladder is the joinly purchase a Flat with my brother. The max. purchase price is 180K. I know he has a mortage on his property (approx 7 year left on borrowing 60K), so I won't be condisered as a FTB. The deposit…
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Raffling your home
Has anyone successfully raffled off their property? I recently read stories online about a couple who are currently doing so in Canterbury via a website they have set up (https://www.winahouseforafiver.co.uk) and it got me thinking. You simply have to answer a multiple-choice question and then pay £5 to enter. We have been…
