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First Time Buyers but Partner has debts
Hi, im hoping someone might be able to help me and my partner out - we are both young professionals (mid 20s) and have been renting together for over 3 years now. We have both been talking about looking at buying our first house but neither of us have any clue about anything to go with mortgages and such. Now we have a…
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Mortgage Payment Holiday
We can take 12 months payment holiday on our mortgage and was thinking of doing this when I go on Maternity Leave next year. Does anyone know how this will effect our mortgage in the long run? We currently have 18 years left. Thanks
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AIP - London & Country
Please help my partner and I have had an offer excepted on a property. We are currently using London & Country who have found a mortgage for us and the application is going through. Our issue is that the agreement in principal which was given to us did not show the mortgage company or mortgage amount. We took this into the…
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FTB Mortgage... Any advice please!
:confused: Hi, We've put an offer in on a house and today spoke to an adviser at L + C about mortgage ... (we have been there before with mortgage offers through brokers but both deals fell through) This time we had been advised to hold off on looking for mortgage until we'd had an offer accepted and today have been told…
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Mortgage Advice, please?!
Hi :hello: Newbie here, hoping someone would be able to offer a little advice. My partner and I are looking to move home, we had a baby last year, and obviously need more space! We applied to Direct Line for a mortgage, we had the offer agreed in principle over the phone - that was after telling them I was on maternity…
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Paying off mortgage
Hi I am in the very fortunate position where my father is offering to pay off my mortgage of £38.000 but have been informed that it is not that simple and that he will have to pay tax on it? Can anyone out there possibly give and advice. Thanks
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Extra Borrowing for Business Start-up?
Hello all My husband needs £10k for a business start-up. After looking at other options, we've decided to borrow from Natwest and add it to our mortgage - 6.59%, but it can be paid back sooner than rest of mortgage, according to their website. He's looking to repay it in the first year. We've got approx £90K equity in the…
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Can you please tell me what to do?
I currently have a 50% share ownership property in my name - paying £421 p/m on a 6.49% fixed until 05/10 – about 20 years mortgage years remaining. My partner and I have a joint income of £57K and want to buy the other half from the housing association. The property was valued about 18mnths ago for £166K - 83K for the HA…
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Banking Crisis - Bear Stearns (US's Northern Rock Scenario) impact on UK
I was wondering what the motive was for A&L offering a 10% ISA and other high savings accounts and thought that they are desperate for peoples savings as they are desperately short of cash http://www.alliance-leicester.co.uk/savings/index.asp?page=home&ct=primarymenu With the bank crash in the US in the last 2 days…
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Here's our situation... advice please!
My wife and I own outright our 1 bed flat in Brighton, valued at £190k. No mortgage. In 2 years time we'd like to move to a house. By then our cash savings will have reached £95k. My wife and I each earn £30k pa (though that's with both of us working full time, which wouldn't be the case if wife went part time). Ideally,…
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Endowment Surrender Help
Newbie Alert! - apologies in advance for my lack of knowledge Stumbled across this site the other week when trying to sort out my mortgage finances - some excellent tips and advice found so far:o . My situation is that the OH has two endowment policies that are now 'managed' :mad: by Phoenix and due to their poor…
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First Direct Mortgage questions
I'm in the market to Remortgage- got to get something sorted for the start of May, so not long left (6 weeks) The First Direct 4.75% fixed rate for 2 years looks good- even with the £1,500 fee. I have a few questions that don't seem to be answered on the website:- 1) How much is the valuation fee likely to be? 2) Is there…
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Interest only mortgage with no endowment
I currently have repayment mortgage of around £85k on house valued around £160k with about 16 years left to pay. Wife and I want to move to a bigger house which is valued about £250k. From our combined incomes we could just about afford the increase in mortgage repayments if we extend the term & pay off c.c. and car loan…
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Mortgage Deal - Does this make sense?
Long time lurker, first time poster! I'm having difficulty selling my home, despite reducing the price. My current home is valued at £100k with £65k outstanding on the mortgage. The home I want to move to is valued at £115k. I have no spare cash for a deposit. I have spoken to a mortgage broker who has proposed the…
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Equity release boom on its way
This looks like it could be a major beneficiary of the 'new environment'. -Interest rates now lower than conventional mortgages -ER now avaulable on BTL and holiday homes -More sophisticated drawdown arrangments -Morre flexible redemption arrangments -Rollup ownership with home reversions -Min age down to 55 Good to see…
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Will I struggle to get a mortgage ??
I have posted some time ago but lost my sign-in details. :mad: Anyway hope someone can advise. I'm 50 years old. Self employed last 18 years. Property price @£200K - 210K. Would be able to put down @£70K deposit. Would like a mortgage over 25 years, bearing in mind I'll be 75 by then, but I should be able to pay it off…
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Britannia rewards
Hi, I wonder if anyone can comment on this. In previous years I've had all the Britannia reward money come to me (I am the first named person on the mortgage). At the end of 2006 we switched our mortgage product. This time some came to me and some to my husband. I got more because I've been a member longer. Does this sound…
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Mortgage Application
Can anyone tell me I have applied for a mortgage with the abbey through a broker. He has spelt my surname wrong by one letter at the end. When I check my credit file on experian I see that the abbey have checked my credit file under this mispelt surname. I contacted the abbey who have told me the broker needs to amend…
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Looking to move, again.
Hi All, My Partner and I bought our first house last year when we were both on a far lower wage, £14K for me and around £16K for her. We have a mortgage for £100K with the house on the market for £115K this time last year. We would like to move to a house on the market for £150K as we are now both on 23K. However based on…
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Remortgaging w/ Credit Card Debt
We're looking to move from our current Nationwide tracker mortgage to an offset mortgage asap to cut our overheads. Some details:* Mortgage Capital: £110,000 * Combined Credit Card Debt: £12,000 We are aggressively paying down our credit card debt and aim to be rid of it inside 1 - 1.5 years. My question is, would it be…
