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FTB - deposit questions
Me and my girlfriend have been doing the chat on "getting our own place" my question is whats the current "normal deposit" these days for a FTB, prob looking to buy something way at the bottom end of the market, im renting a flat, she is with her parents, between us we have around 10k in savings to date would saving for a…
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Mortgages & past debt probs - advice please
Well, where do I begin??? The bottom line - we have a mortgage of £110k on a £140k property with 19ys remaining. We owe £24k on the old credit cards & have been going through the CCCS since Nov '05 to repay the creditors. We are NOT behind with the mortgage, council tax etc. We have 3 children under 4 (so I can't work) &…
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Want to move business into home
I hope this is the fight place for this. I currently have a house worth about £70-75k with an outstanding mortgage of around £50k with about 16 years left. I pay just under £400 a month. I currently rent a factory unit for my business and pay just under £400 a month rent along with about £70 rates. I am thinking about just…
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Mortgage Calculator
Can anyone point me to a user friendly repayment calculator that will do a mixture of repayment and interest only ? thanks
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Advice please
Our current fixed rate with the Halifax is due to expire 30/9/06. It comprises of part repayment and part interest only (split 40/90). At some stage in the coming months (which will be after this date) I am likely to be made redundant with a pay off between 20-25K.My question is two fold. Firstly, is it always advisable to…
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can you calculate my daily interest please
On £58,500 mortgage on daily interest at 6.5%. How much interest would I be paying a day please? I would be grateful if anyone could work this out please.
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First-time buyer - mortgage help/advice
Hi everyone, Thanks for taking the time to read my post. This is my first message on here so please be gentle! My girlfriend and I are looking to buy our first flat together here in west London. We have been looking for over a year now and we have mainly been looking at Shared Ownership properties. However, we have been…
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Endowment question
I have an endowment with Norwich Union of which i pay £66.40 per month and have done for 8 years as of June this year (maturity date 2023) Guaranteed sum assured is £15300. Bonuses £1949.30 Surrender £5381.58 Projected maturity values - getting back to be although growth of 6% was a mid figure in last years paperwork and…
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my remortgaging - deeds not transfered
Hi I am now in the process of changing my mortgage over to another Lender for a better interest rate, but they have told me that my property is still leasehold and hasn't been registered as freehold. last year I Remortgage my house with another solicitors firm but they have not got the deeds transfered to freehold. I have…
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Halifax are annoying !!
Hi this is my first post although I have been facinated by the site for ages! Anyway, my 2yr fixed rate with Halifax is due to end soon and thought I'd give them a call to see what they could offer in the fixed rate department, to my annoyance new customers get a much better rate (fee free) than I would get. They tried to…
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Indemnity Insurance - No Planning Permission - Converted in the 50's
We are buying a flat that was converted in 1950, originally a house but converted to two flats, as it was so long ago there was no need for planning permission. We have had mentioned we will need indemnity insurance, but when we ask for what this is, both solicitors go quiet and won't commit to how much this would be or…
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Need to re-mortgage - advice please? :)
Well we need to remortgage and as much as we don't like it we are going to consolidate our debts into the mortgage and also finish off our extension. We need a mortgage for 120,000, still relatively small I think in this day and age. Ideally looking for a fixed rate for either 5 or 10 years so we know where we are going…
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Clueless - but I know you know!!
Hi All, I'm in the middle of selling my flat and buying a house with my girlfriend but everything's gone wrong in the last day. The buyer of my flat has pulled out at the 11th hour after we've spent 12 weeks getting to the position of where we were about to exchange, and at the same time we were about to exchange on a…
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Too late?
I wasn't sure whether to post this query here or in "House Buying". I am in my mid 40s and have lived with my partner for the last 17 years or so as a non-owner, and it now seems quite likely the relationship will come to an end and I'll have to move out. During that time of course the property prices have rocketed, and…
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Need help from 'whole of market' brokers
Please can someone advise me: My situation: mature student income from student loan £5100 per year Deposit of £25K from sale of existing flat (co-owned with ex partner) could have another 2K more Want to buy a flat (dont fancy sharing, or halls of residence) for £110K Will anyone even give me a mortgage, and if so what…
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Feasibility of partial property purchase from parent?
Hi all, This site's been a great help to me recently but I've got a bit of a specific question I'd like to see if anyone can help with? I've just graduated university and have been working full-time for about 8 months. For the last 3 years I've been living in a flat completely owned (i.e. no mortgage to pay) by my mum.…
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Self employed mortgage help
Would anyone know as a self employed contractor with less than 3 years worh of audited accounts, if it is possible to get a full status mortgage rather than going the self-cert route?? Thanks in advance Phil
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Sub Prime lenders
Many people today find themselves having to take a mortgage with a sub prime lender. Not many people understand the difference between prime lenders and sub prime lenders. Most sub prime lenders advertise or imply that they are comparative to normal high street prime lenders. Repossessions or applications for eviction…
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Endowment after retirement
Just a thought.If an endowment was sold to a couple and it extended beyond retirement would it be deemed mis sold if only one of the holders had reached retirement age and the other was still working?
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Opinions on our mortgage amount per month
I am having a hard time getting round our possible mortgage increase. Having nothing to compare this too, (as you don't tend to ask people how much they pay per month!) does £1100 a month for 25 years make you stand back in horror? Here are some details I am 34 and husband is 35. Selling our house for £290k Buying for £375…
