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How much do u need to be earning to get a £250,000 Mortgage?
Hi I have been wondering for some time on what basis do banks calculate the amount u can lend. Is it 3x your salary? Or is that the 'old way' of doing it? If u wanted to buy a property in London for about £250,000 what should ur earnings be? I'm new to this, so forgive me if this is a stupid question! Thanks!!
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Buy to let morgage on sole property?
Hi, I'm confused! :confused: -I have one flat I rent out as I live with my boyfriend. I believe that because it's my one and only property I don't need a buy-to-let mortgage as I'm not reliant on the rent to pay the mortgage, I can cover it myself if need be. I spoke informally with a mortgage marketer who agreed, yet when…
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addresses for standard life and allied dunbar
Can anyone help me with the addresses for the above companies as I'm sure I read that allied dunbar has changed hands How long do I wait for them to reply and what do I do if they don't? our policies were surrendered 3 and a half years ago is this too long?
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Raising funds from house?
Hi We have a 50k mortgage on our property which is currently let out, the house was recently valued at 150k Is there a way of releasing any money from this as we would like to buy a narrow boat, or are we going down the wrong track? Basically we are looking at the best and cheapest way to raise 40k. We have Clean credit…
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Blair and getting a huge mortgage by
Cheltenham even though he has not enough income... read the story in Saturday's papers and thought it horrendous that banks turn down individuals but someone like the PM who (apart from his contacts) can get huge mortgages even though they do not earn enough for it based on potential book contracts of 20 million when he…
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mortgage for purchasing in USA
can anyone pointme in the right direction for buying in States? ie mortgage here in UK or there in USA. Thnxs.
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Scottish Solicitor - Selling Agent
I have contacted my M.P. my M.S.P. the F.S.A. and also the Law Society for Scotland but it seems because I was sold my Endowment by a solicitor in Scotland I have no claim.:mad: :mad: This is a summery of my Endowment Mortgage situation:- I believe I was mis-sold my endowment policy. After writing to the policy holder…
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Government Help
Folks, In Martins section on MPPI he quotes "State help to cover mortgage repayments is limited, especially for anyone who took out their current mortgage after 1995. Then it only kicks in after nine months and covers the interest cost on the first £100,000, but not any debts consolidated into the mortgage (although those…
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Solicitors Fees
Hi everyone, Just wondering if you could help, we are looking to moving house. I was just wondering how much solicitors fee's would be, I've got a list of all the other fees so I know what to expect but haven't a clue about the solicitors fees. I know some products offer free solicitors but just incase the one we go for…
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CEMAP question
Hi there, just a wee question about something in the course. I am revising just now for the first module and i am reading up on wills.. So if someone dies and they dont have a will, their assets will go to parents/brothers/sister..etc.. but where do there assets go if they have no next of kin? Does the government take it??…
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Will I ever get a mortgage.
Ok, I know I am not in a position to be getting a mortgage at the moment. But I am on my way to clearing my debts. Once I do this will the fact that I have been in debt stop me from moving on and buying a house? I have never had a default or ccj, late payments are the worst, but I know this will have shot my credit…
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Mortgage Deal Due To End...What now..??
Hi, First post on here so here goes... Our mortgage is due to end on the 2 year fixed deal with Alliance and Leicester, the current rate we are paying is 5.06 %. We owe 81,000 pounds and i'd prefer repayments over 15 years as this is when i can retire mortgage paid etc..( long way off i know but not soon enough, government…
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FTB mortgage?
following on from my shared ownership thread which we have decided against as we cannot consolodate our existing debt into the mortgage i am looking at the northern rock together mortgage or coventry bs product. the reason is we have a loan outstanding for 9000 and a car loan for 3800 so at the moment were paying out 890…
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New Mortgage - Where for Best Rate ?
We are currently comming to the end of our fixed rate period on our current properly's mortgage with HSBC. However we are looking to move and take advantage of our property's appreciated value (which we don't believe it will move beyond). We need a new mortgage for £160k (~£24k deposit) - ideally a capital repayment if we…
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What will my new mortgage provider ask my existing provider?
Hi, We have a mortgage on a residential property; looking to purchase a buy-to-let property with a different provider. I realise the new provider will contact the existing one; any idea what form this takes, what they'd ask for, etc? Just wondering... thanks.
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Mis-selling endowment query
Hi. I bought my Standard Life Endowment policy in July 1987, sought compensation in 2004. Unfortunately the Financial Ombudsman advised that no compensation could be paid because I bought before April 1988, the Financial Services Act. This seemed terribly unfair on those of us paying longer and no compensation. I've…
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The best date for Direct Debit etc - Offset Mortgages
Hi all I posted this on another section but never got any response so i'll try here: Me too like everyone else wish to pay my mortgage off ASAP .... I'm with the one account (i know the interest rate is a bit high but i have a fair bit of saving being offset). Anyway - i have 51K remaining and the monthly interest is…
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Help! New job and need a mortgage
Hi all! Just reserved a one bedroom new build for me and my partner. Details are... £150k property, got £20k to put down, leaving £130k mortgage which we'd like to pay off over 15 years. Partners wage £23k I left my £29k job in December (of 7 years) and start my new job on £28k, next week. I am concerned that there is a…
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Early redemption penalties
Can anyone help? We are selling our house due to debt problems. A mortgage broker remortgaged us 18 months ago with Rooftop mortgages. It took 10 months to arrange due to technicalities with paperwork (that was their excuse!). By the time the mortgage came through we would have signed anything due to our worsening…
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Abbey mortgages
I just has a quick play with the mortgage calculator here. Do they really loan that much?! That puts a whole new spin on things. I'm trying to decide whether to move to a more expensive house or not. At that rate I could buy a small mansion :eek: :confused:
