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Mortgage advice
A decent house in a decent area of my home town costs about £140,000. My parents are willing to give me £10,000 to help with a deposit, could my financing listed below support a mortgage of £130,000 ? Debt to parents £2000 Tesco CC owing £700 0% till January 2007 than 16.9% Alliance & Leicester loan £7500 9.9% £157pcm, 52…
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One person - TWO mortgages??
Hi. Can anyone give me an answer on this one? I'm separated from my husband who has remained in the family house and who alone has paid the mortgage on it for several years, despite the fact that said mortgage is in our joint names. We are on amicable terms, I wish to stress. Having rented for some time, I now wish to…
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Interest Rates
I know these have been talked about to death, but am now worrying myself (hopefully over nothing). I've looked at interest rates historically and they don't seem to jump from say, 5% to 15% overnight, there always seems to be a couple of years for this to happen. I have a fixed rate which is up in 17 months, so all these…
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Self cert mortgage!!!!!
This goes out to the more financially apt people here. I am currently apply for a self cert mortgage. Im buying a house for £125,000 on single ownership. my income is £18,000. I am sub letting 3 room to friends to help the repayments. Brings in £660 a month. Had to take the self cert option as was the only way i was ever…
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Help Needed!!! Which Mortgag to choose?
Hi Guys, Newbie here but a big fan of the site!! :beer: :beer: I'm about to move house and struggling to find a good mortgage deal through all on offer. Here's the facts, Looking for a 3 or 5 year fixed mortgage Looking to keep up front fees to a minimum (obviously) Salaries of applicants 28k + 12k Home Value - 146.5k…
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Help selling Standard Life Endowment policy
Hi, I wonder if you lovely people can help me. Me and my husband have had a with profits standard life policy since 1993 it was supporting a small mortgage at the time. We moved house in 1999 and converted our mortgage from endowment to repayment. This policy now is just life cover and a savings plan which we pay 50.00 a…
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grrrrrrrr
:mad: I am currently in the process of selling my endowment policy to a certaion company.i have signed all the papers agree to a figure and sent them my policy last week, when i wa assured by phone that they would send me the cheque within a week or so.I rang them this morning to see if they had recieved my policy and they…
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Morgage - Flexi Or Standard?
Hi Next year I am selling my house and should end up with about £65K profit. I am going to put this into my partner's house to reduce his mortgage (we are riding off into the sunset..... ) However there is a sting in the tail. He currently pays the CSA £600 a month for 2 kids and he comes under the "Old" rules whereby his…
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European Mortgage
Hi everyone, I know you can get a mortgage which is related with the USA interest rates but was just wondering if you could get one for one of the European countries like Spain or Switzerland as heard they are very low and how you'd go about it. Also after advice if people think this is a good idea or not. Thanks in advance
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Peppercorn Rent...do I Have To Pay It?
After owning my home for 12 months I have received a letter from a parasite demanding ground rent. Although my house is freehold apparently someone else owns the right to charge me ground rent. I checked with my solicitor who confirms this. However they told me that I could buy the ground rent for 10 times the yearly…
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First direct fixed rate
I am on a variable rate so have just had a rise, but when speaking to First direct their marketing dept went to town on me, suggesting that i should move to their fixed rate, giving me 0.5 % less payment now. They tried redirecting me 3 times to the sales team. Why are they so keen? is it to tie me in for at least another…
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Joint ownership -> Single Ownership
Hi, recently I have been given a slight shock from my parents and was hoping that some of the experts could give me some advice. Approximately three years ago I moved out of my parents house and bought a flat of my own. At the time I was still a trainee and therefore was earning a fraction of what I do now (thankfully!).…
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Using profit to pay off loan or consolidate?
Hi guys - first post! Sorry if this is in the wrong section, it was either here or the loan section. I was wondering if you could help, first I'll explain my situation; I currently pay around £600 per month on a £115000 mortgage and £300 on an unsecured personal loan, which was taken out at the same time as the mortgage to…
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Expo
Anyone going? I will be there Thursday if anyone wants a beer and a natter? Andy
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Help with Endowment claim please!
Hi all, I have tried to claim (on behalf of my stepdad) for his mis-sold endowment, however i have received a reply back from Phoenix today and am confused as to their figures and the intent of the message, can anyone help? They seem to be saying that if Bob had chosen a repayment mortgage instead of the endowment (even…
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What % Mortgage to Income
What would you say is the highest % Mortage payment you should have compared to your income?
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Will Nationwide be raising their fixed rates soon?
Does anyone know if they'll be raising them, and if so, what to? I'm particularly interested in the rate for a 3-year fixed with 10% deposit, paying a fee. Thanks
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Credit Issues and First Time Buyer
Hi All I am after some advice... My wife and I wish to buy a house next year we have around a £48000 deposit and our income is around £36000 for me and £25000 for her. We are looking at a house price of about £150000 tops My problem is that I have a default on my credit Reference for £730 which is satisfied and will…
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How much hassle to remortgage?
I've had my mortgage with/through the Woolwich since Adam was a lad, so I haven't had the inconvenience of moving lender - ever. But now, with interest rates rising, I feel like I really should get myself organised with a fixed-rate mortgage, almost certainly with a different lender. So, how much hassle is it to move? I…
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First Time buyer mortgage needed!
Hi, I hope that someone can help! I need a 100% mortgage for a £248,000 house that I would like to buy with my boyfriend. He earns 46k, but I have recently set up a small business and am not able to pay myself a salary yet. Although I do not have a salary, I will have a lump sum of £60,000 approx. I am hoping that we can…