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Adding partner to mortgage/house whilst avoiding fees...?
Hey all, thanks for reading :) I am the only named person on the mortgage to the house i live in with my partner of 5+ years. The 5 year fixed interest rate deal at 5.15% ends this August & together we think we'll have the funds to pay this mortgage off in full at this time. I would like my partner adding to the mortgage…
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Friends Provident Endowment
I have a Friends Provident unit linked endowment, which I am considering surrendering. Am I doing the right thing to cut my losses now? There is no guaranteed sum assured as it is a unit linked endowment, invested in with profit 4 fund. The current surrender value is £15,200 Declared bonus... not shown on recent statement.…
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Really need some advice, in some trouble...
I have a flat with my ex-girlfriend – we broke up about a year ago, tried to sell the flat, had it on the market for 6 months but couldn’t sell it. Money was getting tight, us both keeping up the mortgage payments, so we decided to let it out (this does not cover the mortgage payment), thinking that hopefully the market…
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should i pay off mortgage ?
:cool:have savings of 51k, and mortgage of 50k,and a standard life endowment latest current surrender value £14845 ends in 2013 this was to cover£ 32000 interest only mortgage but current predications are £18200 £19800 £20900 pay £42 amonth ive already got life cover.the rest is on repayment my mortgage rate is 4.69 and…
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Mortgage - Credit Rating? - Advise please
Hi All, I had a defaulted credit card about 2 years ago which was settled in Nov of last year, Myself and my girlfriend are looking into a shared ownership of a house, The house cost in total £182k, However we are only wanting to borrow about £48k (Which is less then our joint income in 1 year before tax) We have booked…
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Convince me that Rates are not going to the moon...
Hey Everyone, This is my first post here, It's been quite the struggle to find an informed UK based money forum, so I'm glad to have found you. :D This is in no way Tin Foil/ Conspiracy or Political. Given the amount of uncertainty rammed at us by our media, and a good deal of apparent panic by those in power, I am…
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Convince me that Rates are not going to th moon...
Double Post Sorry :(
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Own home scheme
Hi Does any one know any more information about the 'Own Home' scheme run by Places for people and housing options. As I understand it in terms of property it works in a similar manner to Mychoice homebuy, when you can find a home yourself. My situation is that I would like to buy a 50% share of a my partners house from…
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Another question re coming off a fixed rate - wording in the A&L mortgage offer
I am currently on a 3 year fixed rate with A&L of 4.74% which expires on 31 May. Looking back at my mortgage offer letter it states 37 payments at a fixed rate of 4.74 then payments at a variable rate, currently (then) 5.49%. However, further on under Description of this mortgage it states: How your mortgage works after it…
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Question on Charging order.
Hi, Not sure if this is the best place but here goes. We got into some difficulty and ended up remortgaing with preffered mortgages. The money we released paid off 2 debts and left us with 25k with egg but have always paid the agreed amount through a 'middle man'. The loan we took out was unsecured but they have put a…
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Reducing Term with Halifax
I am going to reduce my term by 10 years with the Halifax as I have now over payed my maxium 10% for this year. Slightly worried that in the event I loose my job and need to increase the term back up to make the payments more affordable they will tell me I can't? Any views, comments or examples? Thanks again.
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Really seek advice on best option!?!
Hi. Im in a situation where i have a few options available to me and im looking for some advice. I will start from the top. I bought a house 20 months ago on a 100% mortgage for £90000. its £540 a month on repayment. at that point we had 2 children. Now we have just had our third and final child. the house is 3 bedroom…
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Want to move house/extend property
Hi, we are looking to move house this year. We have a mortgage and last year got an additional mortgage, both with Abbey, which we said was for home improvements. Half of it was, and the other half was a deposit for a house for my sister to live in, which my other half and my mum went in on together. All my payments are up…
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CeMAP Vs CertMA
Hi I was wondering if someone could advise me on what the main differences are between the CII CertMA and the IFS CeMAP qualifications please. For example is one more expensive than the other, do they both take around the same time to complete, is one more respected than the other, which is more popular etc etc. Thanks
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HSBC Mortgage Query
Hi All :) I'm a newbie in these parts with hopefully a simple question that I hope you can help me with. I have had an HSBC mortgage for a few years, taken out in my pre MSE days for 100% of the property value. It was a homebuyer mortgage discounted for the first few years and then put onto SVR. Earlier in the year when it…
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Remortgate to benefit from rate cuts
Hi, We purchased a terraced house in Sep 2007 for 198000 and took out an offset mortgage with Coventry at 5.99% for 150000. The mortgage is fixed for 5 years and there is an ERC of 4%. As of Jan 2009, we have managed to reduce the mortgage balance to 115000 by making extra payments. Looking at what has happened with…
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Help please!Advice on Libor Rate and Self Cert Mortgage
Someone please advise me if you can. I took out a self-cert mortgage on 2yr fixed which ends in August which follows the libor rate plus 3%, its interest only and for £220,000 however the house is worth approx £200,000 now. I can currently just manage the morg payments although since taking it out my debts have spiralled…
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I Have Inheriated Grans House, Please Help
I have inheriated my grans house Its worth approx £140,000 I dont want to sell it but keep it as an asset and also in family My friend is going to live there and pay me a nominal fee, i trust her I will eventually let this out properly but not at the moment, too soon after her death, ( 8 weeks) I want to get on the…
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Getting Mortgage - 1 Salaried Job, 1 Freelance Worker
Hi everyone, My wife and I want to buy a house in summer and will need a mortgage to do so. She will start a new job in a salaried position, and I will be working freelance. Now, I have already researched self-employment mortgages and self-certified mortgages, but could we get a mortgage using a combination of her and my…
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Due to remortgage. What should I do?
Hi All, I am at the end of a fixed rate and I'm really unsure if I should wait to get another fixed rate as the interest rates are so low or grab what I can now! My mortgage is £99,900 and I cant afford a repayment mortgage so unfortunatley I'm stuck with interest only. :mad: All feed back will be very gratefully received.…
