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Mortgage for over 65s
My mum owns her own house outright. She also owns outright a flat which she lets out. The two together probably just fall under the IHT limits. She could really do with some extra cash which she could save from the rent on the flat she lets out. Some of the cash she wants for herself and some she would like to be able to…
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Endowment with LINCOLN cash in or keep?
Please could someone work this out for me. I would like to know if it is worth keeping or should I cash in. It is a Unit linked endowment policy with Lincoln financial group. There are no bonuses. Taken out Dec 1988 ends Dec 2013. Sum assured £30,000 Monthly payment £43.52 Surrender value today £11,552 Maturity projection.…
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Double Mortgage: How does this work?
I am a newbie here and FTB as well. But, I have gone through most of the details that Martin has provided and have read through the posts as well. I have a question if somebody can guide me. I have just seen two properties: around 150K each. I would like to buy both. I can afford a mortgage of 300K based on my earnings. I…
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Why do brokers rarely recommend long term fixed rates?
I regularly see posters asking for opinions on these and many brokers respond negatively about them, which given the limited price differentials between 2 , 5 & 10 year rates, I find hard to understand. The reasons are usually along the lines of - 5/10 years is a long time - Indeed, but most under the age of 45 will have…
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deed despatch fee refund
Paid off my mortgage and got my deed despatch fee back from Halifax,told them that it was now electronic and their fee was not proportional also others are returning deeds free,just kept pushing ,spoke to team leader in Liverpool customer relations
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2470 Standard Life shares keep or sell?
I've discovered today that I'm to get 2470 Standard Life shares. I'm abroad at the moment and don't know what to do!! My form to fill in and return to SL is in the UK and I'm in Spain and will obviously miss the deadline. I will be ringing SL first thing tomorrow morning to find out my options but having read a lot of…
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Single Salary Interest Only- a safe option?
Hello, I would be really grateful for some advice. I have recently split up from my partner. :confused: We own a house together which we bought for 130K and is now valued at 145-150K. We have an outstanding mortgage of 123K. I am now faced with the option of trying to get a mortgage on my single salary of £22K. I know some…
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Remortgaging when Self Employed
I am new to this site, but have been reading a lot of good advice from you guys for a while. So now its my turn to ask a question and hoping that you can help me out. I am currently employed and have been with the same employer for 4 years. My husband is the main breadwinner and has been with his employer 21 years. From…
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Getting a mortgage whilst moving jobs
Hi all OH and I are in the process of re-locating to another part of the country. I've got a new job (almost!) lined up and OH is very good at getting work via agencies (we've moved before). However, this relocation will be for good and, as a result we're looking to buy for the first time. However, how do we deal with OH's…
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Cashing in an Endowment
Hi I'd like to get rid of an endowment. It was meant to cover the mortgage of a home I moved from and sold, so I don't need it for that purpose anymore. I've carried on paying it but don't want to anymore. Would rather get the money. What are the options. Can I just redeem it? Can the policy be sold on the open market?…
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Mortgage Shrinker
Hi MoneySavers, I have been looking online for ways pay off my mortgage faster as it is effectively the largest loan I will ever have, one thing I came across is a mortgage shrinker, you use this company for your current and savings accounts and it helps offset your mortgage interest. The calculator says that at my current…
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Surprise Surprise!
Surprise, surprise, I want to save some money! We have an 82k mortgage, take home just over 3k a month, have high outgoings due to private nursery fees, have 2k saved and regularly save 100 a month. Our mortgage is around 550 a month with HSBC on their variable tracker. Is the one account the way forward or something else?…
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remortgage or loan?
hi there i am getting a loft conversion(hopefully) and hope to borrow 25 k from my mortgage.I am with the chelsea and they have offerred me a tracker mortgage over 2 years at something like 4.75%. I have an interest only mortgage and i would pay 38 pound a month extra OR if i want it on repayment it would be 138.00 a month…
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when to look for new mortgage,present fixed ending 31st oct
as the tittle says my present deal ends on 31st oct 2006,when u should i seriously look for new offer i will be after an offset mortgage
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morgage offer in writing
One I receive my mortgage offer in writing is will it mean that I have definately got the mortgage and that all financial checks have been done, I know the surveyor has been out to look at the property and has hinted to the seller that that is nothing to worry about. thanks marion
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but to let rates?
Whats a good interest rate for a buy to let mortgage at the moment for a 105k mortgage , I have been quoted around 5.2 fixed for 2 years no set up fee. Just want to check around before signing.