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Buying houses for cash
Hi everyone, this is my first post to the forum, but I did look quite extensively for the answers to the questions I'm asking prior to posting - there just wasn't exactly anything I could find that answered them all. I'm looking for some advice on buying my first buy-to-let property. Basically, I now may well be in a…
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Keeping the old mortgage and taking out a new one as well?
We are moving house and the financial adviser mentioned the possibility of keeping our current mortgage (£65,000), which is on the SVR of 3.5% and just porting it to the new house. He said that we could then take out a "product" to cover the difference - around £50,000 - meaning that we only pay the SVR on most of the…
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HomeBuyDirect - New House
Hello, basically, me and my girlfriend are currently in the process of buying a new build Barratt Home in Brough, East Yorks with the Government backed HomeBuyDirect Scheme. The house is priced at £167995 with the house builder and government each paying 15% each of the deposit,this means we do not have to put down a…
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holiday home
I currently have a house which is mortgage free and i am looking to buy a holiday home, but i am unsure on the best way to finance it. Do i need to get a buy to let or can i remortgage my current home, just get a loan?
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Contractor Mortgage advice
Hi, I was hoping someone could give me some advice please... I am a first time buyer and also a contractor in London, I have been a contractor for 18 months and have saved a decent deposit. I was wondering what my best option is for a getting a mortgage and if someone could suggest a good place to go? Any help or advice…
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Which path to follow:
Hi, Should one pay off their debts (£2,500) before applying for a mortgage or after?? The only con is the fact that my bank balance will reduce by half and the bank might take note.
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remorgage help
Hi people, I am very confused about all the options available to me and my partner. Our current morgage ends on 31st January 2010. We are paying £747.63 a month on a 5.18% 3 year fixed rate. We are also seeing an advisor this Friday, but what is the best sort of morgage we should be looking for? what rate and how much we…
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Halifax Early Redemption Charge
I wonder if anyone can help me... My partner and I had a mortgage with Halifax and we were in a Fixed Rate. We decided to sell our property and we were lucky enough to sell quicker than what we planned so we had to move in with my parents for a few months whilst our new house was being built. We have always had our…
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Mortgage free but want a mortgage!!
We are currently mortgage free having completely down-sized life, jobs, income and moved location... We have managed for last 4 years, however life is getting quite hard financially (as it is 4 everyone I know) but with 3 ever demanding children, 2 decrepit cars and a hard working husband to maintain, I'm wondering whether…
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Quick Question
Just a couple of questions as I'm considering when to buy my council house, After my discount my house will cost me 30k, I have 1 default that has been paid in full and due to come off my credit file in 2012 rest of my file is fine from 2007 onwards, only three individual late payments markers. Do I wait till 2012? Can…
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New Morgage Advice
Hi there. This is my first post so sorry if I'm not doing it right. My partner and I want to buy our first house. I have a good and regular teacher's salary. My partner works supply and does well but it's not regular. We are also saving for our wedding. Can anyone advise on a good morgage option which has a minimum of…
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FTB valuation advice
Hi, Just wanted some advice/information on lender valuation. Have been offered a FTB 90%LTV from Halifax. Had an offer of 95K accepted on a property which was selling for 100K (reasonably priced due to beneficiaries of deceased wanting a quick sale). My mortgage offer was for 85K (excluding deposit) subject to valuation.…
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90%, 5yr fixed, mortgage survey!
Hey guys, Just a quick survey to all the newly first time buyers who've taken out a 90% LTV mortgage, fixed for 5 years BEFORE the house market crash... What sort of rate did you get?? Just wondering how the 6.39% rate i've applied for weighs up to recent months/years. Thanks in advance
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NU have overpaid me and want their money back!
Hi I am new to this, so hopefully I have entered this correctly. I was desparate for money do decided to cash in my endowment policy with Norwich Union which was due for payment In November 2010. The policy was surrended in April 2009. I was told an amount and then paid this. But the money which went into my account was…
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Advice needed
Hi This is my first post and I am not terribly clued in when it comes to mortgages so please be gentle. We currently have a fixed rate mortgage @ 6.6% with the RBS (over 2 years) which is to come to an end on 31/01/10. We have £154,839.93 outstanding and the mortgage is interest only. We have just been given new figures…
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Northern Rock Payment Holidays
My husband and I have had a NR Together Mortgage since Oct. 2005. We took out a mortgage of £127,000 and an unsecured loan of £13,000. Our most recent statement says that we still owe £140,000 all in all. We've used several payment holidays and had a 4 month mortgage break when I went on maternity leave. I know that the…
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mortgage advice for someone having a baby
hey guy's and gal's, after a bit of help really, will give a bit of info first, we bough our house about 4yrs ago, for around £108k we had a small deposit so got a mortgage of £103k, this was fixed for 2yrs to find our feet then we moved at the end of the term to abbey, where we also took a little money ontop to fund our…
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Interest only mortages and overpaying?
We are about to buy our first house and an IFA has suggested that we go for an interest only mortgage but overpay (the product he is suggesting allows 10% overpayments). His reasoning is that for the first few years of a repayment mortgage you're only paying off the interest anyway. This sounded a bit odd to me so I called…
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stamp duty query
hi does anybody know if stamp duty is definately coming in on 1st of january? be just our luck as were currently going through moving but people taking there time so we will probably be moved 2 or 3 days after new year. any help would be great thanks rebecca
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I need help getting my money from the Abbey and Phoenix
We have an endowment policy with Phoenix which matured on 11/10/09 to pay off our Abbey National mortage. We only owe just over £6000 on our mortgage and the endowment payout is £22,500 but the money has to go via the Abbey as they have an interest in it. One month later the money is still sitting in an account with the…
