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New House and remortgaging
Hello, first of all would like to say how much i enjoy following this forum and all the great advice being given. I was wondering if anyone could help me with my query. Our current mortgage deal has 20 years to run and we are no longer tied in. we have seen a house that we would like to move to, our new mortgage would be…
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Can we afford this house? Advice/opinions welcome
We have seen a house for £109,950-lovely house-doesn't need anything doing to it. Both me and my husband really want to put an offer in. Issue is that our joint income is £26300 (i work part time). I should be earning more really (but thats another story) and will be in a few months. Anyway, need some advice-can we afford…
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Legal req on Endowment Information
I have searched the forums and have not seen any information on this topic. What is the requirement for an endowment company to update a customer about their investments? I have had an endowment with crusader /alba /britannic /Phoenix for about 17 years and have only recently received any information on how my policys are…
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Help - First Time Buyer Advice Needed
Hi Guys, I need advice;:confused: Me and my partner are looking to get on to the property ladder and have found a house in which we really like the house is located next to a family member of mine and they are currently in the process of putting the house up for sale with the Halifax for £109,950. The house will be going…
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Annual income?
This is possibly a stupid question but OH is a lorry driver and receives extra money for nights away from home. This is not taxed so doesn't appear on his P60. Therefore his annual wage on his P60 appears as £22,500 but the total gross income on his final payslip of 2006-07 financial year shows gross yearly earnings as…
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Hate Buy 2 Let
Am i the only person who hates buy 2 let and all it stands for? I firmly believe this is the sole reason for the property boom forcing young people to no longer be able to purchase a starter home thus further fuelling the buy 2 let market. These days things here seem to be going back to feudal ages where the rich get…
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Best company on buying endowments?
Any suggs on the best company offering the best prices for endowments with profits policies please. Mines worth 26.5K been ofered nearly 21K and 18 surrender.................i dont think so Mr Pru.
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Do brokers get better deals?
Hi I am quite internet savy and have been looking at trying to get a new mortgage deal when we move house (currently with coventry and need to pay redem fees of about 1k if we leave. Was going to stay with them but chain fell through TWICE and mortgage offer just expired now.This was a good deal at 5.2% capped rate but…
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What would u do?
We have a mortgage of £119500 costing us £680 a month £40000 of it on interest only i have an endowment which is due to mature in 2014 present value with bonuses is 26.5k its obviously gonna fall short hopefully will make 35plus full term. I have been offered 22 by a company to purchase it. I have unsucessfully tried to…
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Deposit Question
Hi, I'm buying a Shared Ownership property and am getting a 100%mortage on the 50% that I'm buying. My mortage lender is Barclays This morning in the post I recieved a letter from Solicitors asking me to sign the purshase contract and SDLT form which is fine. The bit that got me was.. 'Please arrange to telegraphically…
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Advice Sought On 2nd Mortgage ..
Hello My partner and I have a total yearly wage of £32,500 We currently have an outstanding mortgage of £95k ; the property we live in has £35k equity. Our monthly mortgage payment is £491; we currently make overpayments of £500 / month comfortably. I am looking into the possibility of purchasing a second property; either…
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Mortgage Chances?
Hi I have the chance to buy a 2 bed council flat (market value £63-65k) for approx £43k. I have a brilliant credit rating and no debts etc (apart from my student loan) but the problem is I'm a single parent just out of University and only just in employment My pay is poor but with wages, child tax credits and working tax…
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Self Certification Advice Please
Hi all, my question is this, how do I work out my income for self certification purposes? My husband is employed so we can provide proof of his income no problem if required. I am self employed but work on a self employed basis for 3 companies as well as working for myself in a completely different field. I do not want to…
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Chances of a mortgage
Hi everyone. Looking at buting my own place in the new year as a FTB. There is a new development coming up where I live and the 1 bed appartments are looking to be around approx £120,000 - £125,000. Now at the moment I earn £22,000 p/a plus on average £200.00 per month expenses and 'have' an on-call allowance of £104.00…
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Late with mortgage repayments
Hi everyone, I'm new to this and I hope I have posted in the right section. My partner and I have been having trouble with our mortgage repayments since September. We were 3 months behind and his mum lent us the money. We are now 2 months behind. We had our house valued on tuesday and we have 150,000 tied up in it, but…
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Tax benefits from mortgage ?
Are there any tax benefits from having a mortgage ? Such a deductible part of the income which wont be taxed if you are paying for a mortgage ? Initial googling seems to indicate there is not, but I am sure someone mentioned something of the sort to me a few months ago.
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Finger in air - how much can I borrow ??
Hi Guys, Just a rough guestimate please .. Got a £90k mortgage.....20 years left on it...value of house currently about £160k Regular job on £33k a year...... What's the ceiling property price I can look at ??? Cheers for any advice Simon
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No Mortgage/Moving area thinking of renting short term to find dream home?
We have nearly paid off our home which is valued at around £240K, we are moving areas and as so hard to find a home and with chain etc, we are thinking of selling the home then renting and putting the £240K in a high interest account, which will then pay for the renting accomodation until we find our dream home. Just to…
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what is a first time buyer?
My wife and I are about to get back onto the property ladder after 4 years off it. Will we qualify as a first time buyer or will our previous mortgage make us exempt from any of the first time buyer perks?
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Selling Endowment on
OK, this all seems a bit too simple to me so I've probably got things wrong. I made a claim for mis-selling and have been offered two choices by my ins.co A) reduced offer of £1,727 and keep my policy or B) Total offer of £27,213. and cancel policy. I had decided to take the 27k but I went on line to APMM which I found on…
