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Guarantor mortgages
Struggling to find an answer to a simple question online, so perhaps one of the many mortgage advisors on here might be able to help. How much could I expect to be able to borrow on a mortgage if it were to be guaranteed by my parents. My partner and I have an approximate gross income of £62k, my parents' joint income is…
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A little help please????
Hi, I have just started a ten year fixed rate offset mortgage with first direct at 5.49% and owe £80000, which I am happy with, My problem is: I have £6000 saved and its in an account paying 5.5% tax free, I also have a home improvement loan which I took out a while ago with Northern Rock, of £6000 and the interest rate is…
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Vendor/builder gifted deposit
My husband and I want to get on the property ladder but have found we have a default on our credit history. We were told we would not be able to get a 100% now but could try for a property with a vendor/builder gifted deposit. As we dont have savings and with little means to save with a family, how do we go about looking…
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Nationwide self build
I am currently beginning the second year of my 5 year fixed rate with Nationwide. Last year we had no idea that a plot of land would become available. To be honest we had given up hope. Now we have been able to buy a plot and are selling our house. Profits from the house are going to but the plot ONLY. I am kinda tied into…
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Remortgage to raise equity in Trust Deed
Hi, Have jsut signed TD, and am waiting to hear if approved within 3 weeks. However, as part of TD, need to release 22K of equity in house. When this is done, TD will be completed. Mortgage currently with Kensington, and has to be self-cert. Does anyone know of companies who specialise in this type of thing please? Thanks
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Changing to interest only?
Hi there, We currently have a mortgage on a second home. We have decided we can no longer afford to keep the house and will be looking to sell it within a year or so, when we have completed some work on it. The mortgage is currently a long term tracker with A&L at 6.24% at the moment I think, which isn't too bad. I don't…
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100% staircasing on Shared Ownership
Sorry if these are dumb questions! I currently own a 40% share of my Shared Ownership property, on a Nationwide repayment mortgage. If in the future I decide to staircase to a 100% share - whether or not I do this will depend upon market conditions and my personal circumstances at the time - will I then have access to a…
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Mortgage nebie need help!
Hi, im thinking about buying my first house, and am trying to get my head round things. I am on just under 19k/month - 314/week after TAX, plus I give private lessons (200/month after TAX - I am registering as self-employed for this tomorrow, so cant officially put it as my solid income? can I?), and I am looking at…
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Moving and early repayment charges
Hi all, I have a mortgage with The Woolwich (now part of Barclays). This mortgage started in October 2004, and has a discount rate until October 2007, at which point it reverts to SVR. I have quite large early repayment charges (3% + £500). This mortgage is in my name only. I therefore still have 6 months before I'm free…
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Std Life: Surrender or Keep?
I have a with profits Endowment with Std Life...I am now considering whether I should surrender and invest, or simply continue with the policy - can anyone advise if I am missing factors during my consideration - :j Thank you (Policy Dec 1987 - Dec 2012) 01/02/07 Policy Statement Info: ~ Current Value £17,422.35 Final…
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Endowmwnt and divorce
Can anyone help I am in the process of going through a divorce and we have a endowment started in april 1988 and finishes in april 2008 from jan 06 my ex has not contributed to the monthly payments saying he is not paying this anymore in may 06 I obtained a surrender value of just over £24k in the finalcial package i have…
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Applying for a mortgage TODAY!
Hi all, Today I plan to apply for my mortgage - signing up to possibly the biggest debt in my life, of around £75000. A few things concern me however. I have spoken to three mortgage advisors and they have given me quotes and illustrations for separate mortgages with a few different banks. A fee will not be charged for…
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Problem with Mortgage, Solicitor and interest.
Hi All I got my 1st mortgage on Friday and am very happy. However, the problem is that I have been charged interest which I think is unfair. I had to get an adverse credit mortgage and both my mortgage advisor and mortage lender were aware. My complete date for the purchase was supposed to be Tuesday 10th April. Due to my…
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£32,000 Mortgage left, trying to find new deal! Help
I have a £32 000 morgage & 10 years left on it. Mortgage has now gone onto variable rate of 7.25! Have been looking into offset or fixed rate mortgages, but need some guidance. Would love to be able to pay it off early, but who wouldn't. Woolwich currently have tracker at 6% & the there's the One Account which appears tobe…
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Paying off mortgage using credit card?
Hi All I have been reading the posts here regarding finishing off your mortgage early and is something I want to have a go at. A colleague at work was explaining to me that it might be an option to use a credit card to pay off a mortgage. They were talking about transferring £50,000 onto a 12-month interest free credit…
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Im Starting To Panic! Help!!
me and my o/h have a one account martgage at a rate of 6.55%. we are now starting to get itchy feet over going back to a fixed rate, whilst the rites keep increasing, we have only been with the one account for about 8 months but im sure there is no tie in. with all the media saying that banks are starting to pull fixed…
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Second Buy to Let?
Hi, am pretty new on here, been reading through some of the post and thought I would be cheeky and ask a question regarding BTL. I have just purchased my first, should complete in a couple of weeks - £158k, rental income approx £750p.m mortgage approx £590 p.m I have put a £24k deposit down. The thing is I want to purchase…
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MY fixed rate ends July this year, what can I do now
My current fixed rate deal ends in July this year (5.24%) Is there anything I can do now to sort out another fixed rate or do I need to wait till a bit nearer the time. Only really started to benefit from the fixed rate deal in the last year, and now when its due to end most of the fixed rates are way above my current rate…
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Best buy to let mortgage deal
Any tips or best deals seen around?
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Mortgages and Credit Rating!!!
Hi, My partner and I are going to be looking for a mortgage around August this year (FTB's). I wanted some advise please. I defaulted on a credit account (catalogue) in 2002 but didn't knew anything of it until Jan 2007 when i immediately paid it off. Other than that i have 1 or 2 late payments on a credit card but that's…
