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Shared offset mortgage
I have two friends wanting to pool resources to buy a property together. Both people earn very different amounts and want to buy e.g. 75%/25% of the property. The mortgage is 2-3 times the joint salary. House price ~ £150k Deposit ~ £30k (50% each) The ideal would be an offset mortgage, a mortgage that allows separate…
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Mortgage Repayment Holiday
Hi, I've been thinking about remortgaging to get a better deal and free up some cash for home improvements. Through this site I've found some great deals. But that's not really my question. . In looking at my current Halifax mortgage online it states I'm entitled to 6 months repayment holiday. Is it worth taking this now…
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got one mortgage need another!!!
Ive got a joint mortgage with my wife we got £70000 (over 20y) to pay on it. I am moving back to north of England and want to buy a flat as a temporary measure as i dont want to pay rent and waste £7000 a year. My wife will be still living in original house until next year when she is able to move north and therefore able…
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best place to sell an existing endownment?
Hi, can anyone recommend the best place to sell an existing endownment? I have paid in 12.5 years and there is another 12.5 years to run but I am looking to surrender it. I have contacted the L&G for a surrender value but want to see if I can a better deal elsewhere. Any advice would be welcome
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What do I do now!!
What do I do for the best. For the last ten years I have been saving like mad doing without things I wanted to save up to pay of the mortgage I have now completed this task and have 35000 enough to clear the mortgage, BUT is this what I should do. I have no loans or credit cards ( can't get a credit card as I have never…
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adverse credit mortgage help required please.
3 years ago we got into financial difficulty when I gave up my job in order to bring our child up. We had a very good credit record, no problem getting credit/store cards loans etc, and we had these whilst I was still working and we were fully able to pay them. When I stopped, we started to slip and ended up robbing Peter…
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Remortgage Help.
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OK moneysavers - the big question: where are houseprices going???
I've posted something before about me waiting 9-12 months for a mortgage, and I wanted to see where all the budding moneysavingexperts think the land lies. Let's pretend you are a first time buying couple in London, you currently rent in zone 2 at £650/mo including bills, and - given your combined income - you can get your…
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Sun Alliance - Waiting to be paid off.
NEWBY - Sun Alliance – waiting for the maturity funds to be paid to me from a Low Cost Endowment Mortgage Plan. 25 years ago I took out a low cost endowment mortgage which matured 1st June 2005. Policy documents and my bank details were sent to the company on May 15th. The policy is with Sun Alliance and I would like to…
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Commercial or residential mortgage?
I am considering buying a two cottages, I aim to rent out one I aim to rent as a holiday let. The properties are for sale as one lot. Has anyone had any experience of this type of purchase? The property is on the market at around 400k, is there anyway I can buy avoid stamp duty as well? To complicate matters, I am in…
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mortgages northern ireland versus republic of ireland ??
just got a job offer but require to move to republic of ireland or either commute over the border just was wondering which is better and is it worthwhile moving as enough though i might earn more but the cost of moving homes might prove too costly to make the extra wages count anyone any thoughts on the matter or…
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BTL or self cert mortgage
I have been offered a property that I want to purchase in addition to my PPR. The purchase price is £300k. Its a freehold terrace property in England. I have a deposit of £45k available. The monthly rent is £2166. The vendor is willing to entertain canny ways to finance this. I have no proof of income. I am looking for a…
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Another Overpayment Question
Hi there, I am in a bit of a qunundrum about overpaying a mortgage on a house I let out. Sorry, this might be a long one. Basically prior to letting the house, I increased the mortgage from 67,000 to 84,000. At present, the money is sitting in 2 ISAS (£3,000 last year & £3,000 this year), the remainder is sitting in a…
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Mortgages for Teachers!! HELP REQUIRED!
Having recently parting company with my other half, I am now wanting to get on the property ladder on my todd! Have searched TES website and used Google to find specialist offers for Teachers and other professionals. Does anyone have any advice as to who is the best,who to avoid, etc. It's all new to me!!! Me and the other…
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Moving House - Still tied in to existing mortgage.
Hi, I'll probably be moving house in the very near future. Thing is, I am likely (fingers crossed) to make some cash out of the deal (downsizing in a way). However I remortgaged in october last year on a 3 year discounted rate. There are penalties for early redemption, though I assume as has been the case in the past that…
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should i pay more on my mortgage than needed ?
as title, im thinking of making regular overpayments (monthly), is this a good idea, would i be better making lump sum payments, my mortgage is with natwest and i pay £460 a month, was thinking of adding £100 on top ? many thx shaun
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Amalgamating 2 mortgages into 1
Hi I was wondering if anyone can help with any advise/experience on the following: My girlfriend and I both bought seperate houses 6 years ago (starting the mortgages within weeks of one another). Both mortgages are with different lenders. We are now looking at selling both houses and buying a bigger joint house (but…
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100% Offset Mortgage?
Hi all you experts on MSE. I need your help more then ever. Thinking of buying a house as a 'Buy to let' (student let) and need to raise all the purchase price. I have seen a place for £111000 and I am very interested. Therefore I need to find a company that will give me a 100% Mortgage. Can anyone suggest where I can go…
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Buy to let mortgage rate
Wrong eaxample - see below - this one has early repayment penalties. Been offered a buy to let through themoneycentre.net. interest only 5.45% interest rate per annum fee £495 Monthly interest will cost £ 1,202.25 There's valuation on top of that. That's on £ 264,715.00 including fees (on a £400,000 property). I would…
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Endowment payment - is it taxable?
Hope this doesnt sound too thick, but I think we have an agreed settlement from our endowment company at just less than 30k. Are there any tax liabilities for this (Its a joint endowment)?
