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Please help.. My Mum's last chance at getting foot back on ladder.
Hi all, Need your help.. PLEASE! Time is running out. My Mum came out of a long term relationsip a while ago and her solicitor has forced the sale of the they shared and also put something in place which means that when the sale goes through that the solictor will actually divvy up profits to and joint creditors they have,…
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Halifax - Talk about slow.
Recently it came time to remortgage, and according to my financial advisor, he recommended Halifax. This was started way back in the beginning of Nov 04. All paperwork ws filled in and sent back to the FA. Because of the way Halifax now processes applications, he had to sent it in electronically. This would be fine, IF the…
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Mortgage while on Benefits
Since taking out my mortgage, my circumstances have greatly changed. I am now on IS and HB help with mortgage. I'm hoping this situation will change in the next 6 months and I can return to full time work. My question is: My mortgage was fixed rate for 2 years with Abbey. I'm not sure what to do now. Do I stay with them as…
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2 year fix that doesn't last for 2 years
Hello, I'm after advice/opinions on my mortgage. On 20th June 2003 we took out a 2 year fix with Abbey National. I've had this date etched in my mind, and planned to start looking to remortage in about April, 2 months before the 2 year fix ran out. Today, by chance, I came across my most recent mortgage statement. Although…
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Transferring House from my Dad to Me?
Hi, Unsure if this is the correct board for this problem? My father is now over 60 and is looking to transfer his house (the mortgage was paid off years ago) into my name. The main reason being was that if he had to go into care he would have to sell the house (his only asset) to finance his care costs and he does not want…
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Separating from partner. Need advice
Hello, Unfortunately I think my partner and I are going to separate. We bought a flat together in June last year. If the worst happens, I'm considering trying to buy her out. Does anyone have any experience or tips about the logistics of this sort of thing? Although I would be stretched, I think I could afford the…
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Norwich Union Endownment £4k deficit at mo...is that a lot ?
Hi, I took out an Commercial Union endownment in 1993 for £38k and am paying £47 p/month. A few years ago Norwich Union took the policy over and they have guaranteed that the deficit that is actually outstanding is more than the £4k quoted (approx £7K). Is it worth me complaining to the FSA or should I count my lucky stars…
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Mortgage Query - Need Help With Numbers!
Hi, I need some guidance with regards a mortgage query. Basically me and my girlfriend bought an apartment (new build) in summer 2003. Now being a new apartment, we pay a monthly maintenance fee to a company called Peverel. This amounts to roughly £100 per month. Now our mortgage was for £85,000 (25 years), and our…
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New doctor wants to remortgage and debt consolidate - any suggestions?
Hi, I qualify as a doctor this summer (mature student of 31) and start on £36,500, my husband earns £24k (teacher). Our house is worth £180,000 and our mortgage (interest only with the hateful Halifax/Bank of Scotland) stands at £99k. We have loans/debts of c. £38k which we wish to incorporate into a new mortgage and we…
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Switch to repayment, pay off lump sum from surrender
Hi I had some fine financial help on these boards for my sister last month, now I would like some advice for myself if possible please...... I have a mortgage of £36500 and my property is currently worth £105,000. I have an endowment mortgage @ £50 per month and I am paying a fixed rate to Barclays until June this year for…
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Nationwide - high lenders?
Hi there, Been looking around for a suitable lender for me and my partner and seeing what kind of amounts we can get - our combined salaries are £45000. Most offered about £110k but using Nationwide's 'One Minute Promise' it said we would be able to borrow 'upto £142322' even though we entered the same salaries and monthly…
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Buying my mum's house-advice please
Hi, I am hoping to get a couple of opinions on this problem. My wife and I are currently living in a house owned by my mum. It is worth about £55k - £59k. My mum has offered to get us a help on the property ladder and said we can get a mortgage and she only wants £10k for it, no matter how much we get a mortgage for. Why,…
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Self-employed, not very impressive accounts. How do we go about getting a mortgage?
Hi folks, Ta for any advice :) .
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non recourse mortgages
As i understand, typical UK mortgages are recourse in that if once your property has been repossesed and sold and there is money still owing, the lender can come after you personnaly. Does anyone know of companies offering non recouse loans for property investment?
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Looking to buy to let
I am looking to purchase a 2 bedroom flat for 40,000, i currently have a 10,000 deposit for the property. I am looking to buy now as I don't want to be priced out of the property market. Lucky I live in the North East were prices are not as high, but are contunuing to rise. I don't want to live in the flat just yet, I was…
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First time buyer may let property eventually?
Hi, I'm a first time buyer. Currently I live with my GF and she has the mortgage on the property which we live in. After a number of years of this I've decided I fancy some security and I have decided to buy a house (on my own as she doesn't fancy moving). It's a little bit nicer than the one we live in. The theory being…
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Affordability - moving up from 2 to 3 beds.
Me and my wife desperately need a bigger property now we have a baby. Does anyone know whether banks are willing to lend on what you can afford to pay other than just the usual 3x salary. Having had a baby, we are rapidly outgrowing our lovely but tiny 2 bed cottage but as my wife is now part time 3 or 3 1/2 times our…
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Is best rate rotation possible?
If you have a particularly large mortgage for example, is it possible to make use of introductory rates from lenders who allow fee free remortgages and also allow you to take your mortgage elsewhere without penalty? I'm thinking of Egg as a starting place. 4.24% for 6 months then where to? When would be the earliest Egg…
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Had endowment offer re;mis-selling but need advice....
After following the excellent advice on this site I sent a letter re my 1987 Halifax Standard Life Endowment and have had a letter saying they will ofer me financial compensation and I have 2 choices. 1 They can calculate the difference using the Halifax Standard Variable rate over the term of the mortgage. 2. They can…
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Bridging Loan
What is the best way to finace buying a new home before selling my own. I will have about a two month period between completing on my new home and handing the keys over on my current home. My understanding is that bridging loans are charged about 2% above base rate and have an arrangement fee of 0.5-1%. Is this about…
