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Help......need to find a lender!
Hi, Wondered if anyone can help me. I'm a first time buyer, buying a property worth £135,000 to have as a holiday cottage to rent out. My salary is £40k and I'm looking to be able to rent it out asap, because I need to get some money back! (I live in rented accommodation) I think a fixed term mortgage looks to be the best…
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Mortgages for people with a large deposit
Do lenders offer mortgages at preferential rates for people with a large deposit? For my own situation, I am potentially looking at being able to put down a 40% deposit.
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Low Cost Endowment Payment
I have a twenty year low cost endowment policy (with AXA) maturing in a few month's time. Has anyone had a recent payout? What was the shortfall (if any)? Thanks.
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Standard Life publish 'proposal for members' - inc. FIXED shares estimate £444 - £536
Announced this morning that all Standard Life members will receive a FIXED allocation of 185 shares. ESTIMATED range is 240p to 290p so this works out at £444 to £536. In addition you'll receive variable allocation based on size of with profits investment and length of time. Full details are on https://www.standardlife.com
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I'm moving out and renting out...
...and I currently have a two year fixed rate mortgage with the Alliance & Leicester. I expect that I can let the existing mortgage run to the end of the fixed term before changing to a buy to let....but do I have to inform the lender about my change of circumstances? Please also correct me if I am wrong about being able…
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Northern Rock Calculations
Hi all! This is doing my head in! I have taken out an interest only mortgage with Northern Rock at 4.69%, but I can not figure out for the life of me how they calculated the amounts I need to pay each month! The money was transfered to my solicitor on 8 October 2005 which amounted to £62500. I was told I had to pay an…
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Mortgages for high-rise flats...
This is something I was completely unaware of so I thought I'd bring it to people's attention, especially first-timers like myself: I'm buying a new build flat in the 4th floor of a 9 storey building and whilst researching mortgage deals I found out that the number of storeys in the building meant that not all mortgage…
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Bad Morgage advice on a buy to let
Hi All I'm new to this and looking into the mis-selling of Endowments and wondered if anyone could give me some advice on mortgages as well. Almost 10 years ago my partner and I moved in together. I lived in a mortaged property I had previously lived in with my ex husband and he had his own flat with a mortgage. When we…
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Thinking of moving home to bigger house, can someone help with what happens..
Hi all, Sorry for sounding a bit dumb but wouldn't mind a bit of help regarding finances and how if would effect going for a new home. We were first time buyers 5 years ago and bought a 3 bedroom semi for £82000, we currently owe £76000 on it. We bought a new car in November via a loan for 5 years and owe £15000 on it. We…
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mortgage deeds adivce needed plz
hi all, My mum is in need of some advice and i was hoping someone could help as it stands my mum owns a property and has sole ownership after transfer of deeds to her name, as agreed by her ex husband. The mortgage was taken out 16 years ago in joint names but was soley obtained on her wages. 2 years later (14 years ago)…
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council tax bands
can someone help me out here i have been looking at houses and i dont think i understand the tax bands. for instance my mum lives in a band B area and according to the web she should be paying @£700 but after speaking to her she said she pays £147 a month can someone please explain this to me or how me a website that tells…
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Mortgages for Over-Fifties
Hello, this is my first post and I am wondering if someone would be kind enough to give me some information or advice. I have a £60,000 endowment mortgage originally fixed interest now at standard variable rate which is quite high. It has 19 years left to run and I am 57. I wish to switch to a new fixed interest mortgage…
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interest rates
out of interest, do you think interest rates will come down
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LTV and price renegotiation help needed
Hope you guys can help - have really confused myself and starting to panic. We're hopefully buying a property that was on the market at £209,500 and offer accepted at £205,000. We've applied for a mortgage with Nationwide for £184,500, so 90% LTV. We've 'booked' this and paid arrangement fee. Our equity from current sale…
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Morgage with no desposit?
Is it possible will need a morgage for 90k to buy a place got a long term job which is contracted. Earnings at mo is just over 15k a year with option of earning more regularly is it possible?
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2 mortgages on same house ?
I currently have an interest only mortgage for £39,000 and I'm planning to have an extension built summer of next year which will cost approx £40,000 which will need a mortgage to pay for it. I'm currently paying 6.5% interest (£211 per month) which is high by current rates. If I remortgaged now I could save about £50 per…
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Should we sell up?
Hi there, this is my first post here, hoping for a bit of advice! I have 5 standard Life endowments which are no where near on target for maturity. I reckon we'll be lucky if they are worth half of what they were supposed to be. Over the years we've topped up the mortgage to the extent that we can't afford to convert it…
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tied into mortgage until aug 07
My brother recently died unexpectedly. he had an interest only mortgage with GMAC/RFC we are trying to sell his house but dont know ifwe would have to pay the mortgage release fee of 5k as he was tied in until aug 07. Does anyone have any advice. My dad is still paying the mortage as he didnt have any cover. Would the…
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A difficult one but it is it impossible?
Due to my excesses in motorsport and a rather unfortunate crash that left me in a precarious position financially, I decided to put my house up for sale to use the equity to pay off most but not all of the debt. The house has sold quickly but has now left me in a situation. Due to me changing jobs 12 months ago I am now…
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Let to Buy Mortgages
Hi all we're trying to complete the sale of our house to move to another property locally. However, our buyers are being difficult and we're tired of their games so we are going to investigate let to buy mortgages so that we can break the chain and let out our house as an investment. Has anyone done this and can anyone…
