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Buying off Plan
As a complete novice in the property market, a friend suggested that I buy off plan. Trouble is, I don't know much about the pros and cons - would welcome suggestions. I don't need to live in the house for another year or so there's no rush. Have agreement in principle for mortgage.
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Endowment shortfall query
Hi - hope someone can help me .. I was sold a N.U. endowment policy in 1990 by Leeds Permanent B.S. Q1 - I'm assuming if I want to complain of mis-selling, then it'll be through Halifax? Am I too late anyway? - I moved to a part repayment mortgage in 2002. I've been aware of a shortfall for years, but last months letter…
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Any advantage of having a mortgage when kids go to college/university?
We are hoping to get shot of our mortgage in the next year or so if all goes well. But our eldest is coming up to leave school & has the ability to go to college & onto university if he puts his mind to it! We were wondering is there any advantage in having a mortgage when putting your kids to college or university from…
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Will having a few credit cards (no debt) affect FTB mortgage?
Ok so this might be a daft question, but has got to be asked for me to try and get other people's opinions. I have around 10 credit cards, 2 of which I use on a regular basis and 1 I have a 0% interest been paid on it, I have no other debts on these cards and pay my regular ones monthly in full. One is a cashback card too.…
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What mortgage for my situation?
Hi all, My brother and i are house hunting at the moment, we intend to share a mortgage (been renting for years). We are looking at 3/4 bedroom propertys with the intention of renting out any spare rooms . We would like to spend around £140000 max on a property but we are only able to lend about 80k according to the…
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Mortgage Abroad
Hi Can anyone help? I have a couple of queries actually... 1. I am hoping to buy a place in Spain within the next 2 years - I am aware that I need at least 20% deposit . I have been told that the interest rate in Spain is 3.5% and is more stabe than the UK - Do you agree? and b) One of the reasons I was going to get a…
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nationalguarantee.com
I am certainly not promoting this site as I do not know anything about it. But, does anyone else? http://www.nationalguarantee.com/default.asp We can see its cheaply put together thats all? What is it meant do and who are involved?
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Part repayment mortgage
Hi Hope someine can help . I took out a mortgage Dec 2002 for £63,000 over 13 years of which £35,000 was interest only, leaving £28,000 repayment. The monthly payment was £377 while fixed at 4.69% for three years. How come I still owe around £59,000 after three years ? I would have expected to have paid off more. Is the…
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What's best, pay off or not?
I'm new to this, so apologies if I'm going over very old ground. Should I pay off our interest only mortgage (6.590% - Woolwich) of £50500 now, or should I let it run its course for just under another 10 years? Our endowment will pay out a year before the mortgage is due, but will not clear the debt. (No compensation due).…
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Mortgage 'Bridging' loans
Hi, Does anyone know how you go about raising money for a house before you have sold your previous one? We own our property worth around £130,000 - with no mortgage. We are buying a new property at £190,000 and the lady that is selling wants an immediate sale (well, within 6-8 weeks). We need a £70,000 mortgage for the…
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FTB - Advice on a Buy-to-Let please!
I am in the process of trying to obtain my first mortgage with some difficulty. At the moment my salary is low as I am training (solicitor), but it will go up in less than 18 months. Fortunately I have a deposit of £25k. Even so, with a conventional mortgage the max I could borrow is 4 time my salary. Property prices where…
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Feel ripped off by Connells...
I recently tied up a quick (perhaps too quick!) mortgage with a mortgage advisor with Connells - I dont have a tight fanancial situation, and I didnt need to borrow to my limit either. I specifically asked if there were no early redemption fees and if it would be totally cost-neutral to me (compared to getting the same…
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Morgage repayment Help!
I am looking to get a mortgage for the first time. Can you tell me how your debts are deducted and worked out from the amount that they are willing to lend you against your salary. My salary from this month will be approx £24,500. I have approx £5,000 credit card and paying £145 loan each month finishes Sept 07. Any help…
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Will they give me a Mortgage?
Hello all Hoping i can get some advice, the situation is as follows: I currenlty live in UK, but i own a piece of land (own it outright, no mortgage, loan etc) in N. Ireland. I am currently renting in UK, and do not have the greatest of credit histories. I have never had any CCJ's etc, but did have some late payments and…
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cancel an offer
I made an offer on a property the 25/04 and it has been accepted on the 27/04, I did no sign any paper but had to find a solicitor.The survey hasn't been arranged yet. I am thinking about cancelling my offer, is it to late? do I have to pay anyone?
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Virgin One
Hi I am thinking of taking out a Virgin One mortgage, can i have some feedback from people who already have a mortgage with Virgin One. Thanks
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Re: Can We Afford This Property?
Hi, we have been house hunting all weekend,as we are on a company relocation. We have viewed a dream house, with an asking price of £410k! The GSP on our house ( guaranteed sale price from relocation company) is £315k. We do not have to budget for any moving costs, including stamp duty, as this is included in the…
