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Quick question about splitting up
Hi, At this time we have a 10% mortgage and we own 90% of it. That is £30k and we own £300k now we are about to split in the next couple of months and we have agreed to go 50/50 and i give her a extra 30k and i take on the mortgage, Now she will get about £180k and ill get £150k but as we are still legally married and I…
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Bank heavily pushing equity release on parents - help !
My parents mortgage has just become unfixed, it now sits at about £13,500, they have both retired so money a bit tight, their Bank Manager heavily trying to steer them into equity release :eek: but they aren't keen, due to bad press, any ideas on a better way to fund this ammount considering they are on a tight budget and…
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Mortgage Co won't write back
I've written to my Mortgage lender asking them to tell me whether or not they feel I qualify for the government help scheme, 'Home Owner Support', but after several weeks they still haven't replied. Previously we were told over the phone by a company rep (no name given) that we had the wrong type of mortgage. But I've…
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Wage Inflation / Mortgage Term
When you punch figures into a mortgage calculator, say 100K over 20 years @ 5% = £668.68pm Does this mean if the interest rate stays the same for the 20 years you will pay exactly 668.68 every month for 20 years? What Im trying to fathom is to what degree wage inflation impacts the affordability of your mortgage. Say your…
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95% mortgages
my girlfriend and I have been offered a really good deal on a new build, but it won't be ready until this time next year. We both have houses; she is only likely to sell hers for what she paid, but mine should make £2-3k (minimum as they are selling quite quickly at the moment), possibly more. I can save a 5% deposit, but…
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Question about Northern Rock Together Mortgage
Hi, I'm hoping someone can help me with this. I'm clearing out some old docs, and I found my original agreement for the unsecured part of my Together mortgage. I had a quick scan through it, purely for something to do, and I noticed the following: The Interest Rate is: a) the rate stated above which is fixed until…
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forcing someone to take their name off a mortgage
just a question hope someone can help: My friend and her Partner got a mortgage together about 3 years ago, they had a child together and then he walked out after a year, so she has been paying the mortgage at intrest only for almost 2 years. He has walked out with no contact and is not paying any money towards the…
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Best Mortgage Deal for FTB
Would highly appreciate if someone could guide me on the best deal available for an FTB with 40% deposit. I could consider Fixed, tracker or offset mortgage deal. Property Value: 300K Many Thanks, Colin
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Deposit on a Credit Card
Ive seen a dirt cheap 1 bed flat in my town up in Scotland for only 40K. The place needs a complete overhall which explains partly why its so cheap but I think the layout doesnt do it any favours either hence the low price. The lounge however is massive and could be split into two bedrooms. The existing bedroom is big…
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IF.com - Offset - No longer transportable....
Hi all, I have an early Offset Tracker (BoE +0.74%) with no lower collar which is working very well for me at the moment. Just as I'm about to take the plunge and move up in the property market, IF write to tell me that my mortgage is no longer portable and I can't borrow any additional lending. Can they even do this? I…
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Woolwich Mortgage
Hi There, Do The Woolwich accept a credit card for payment each month as I would like to get the cashback/rewards that many cards offer. Thanks
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First Time Buyer mortgage
I'm in the process of finding a mortgage. I have a mortgage promise from Halifax for 5x my salary and some other offers for slightly less from other providers. The main problem I'm having at the moment is deciding between fixed and variable rate. In some ways fixed is great as I'd know what the repayments are and with a…
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New Mortgage required....anyone got some money :)
Hi, I'm saving at the rate of 500ish at the moment with currently about 10 months worth of save, got a bit of credit card debt but at the rate i am saving could go in a few months. I really want to capitalise on the lower house prices and get a nice place before the prices shoot up. Issues are that the deposit at the rate…
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Can anyone help me get a mortgage?!!
I have recently married and my husband has bad credit - a CCj was awarded in June which we are appealing but it doesnt look promising. My parents currently own the property we are in but will give us the profit they make on it when we sell, so that we can use this as a deposit- probably about £17k I earn £18k, my partner…
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Removing myself from a mortgage or transferring it to someone else
In Dec 2006 my brother and I took out a £145k 3yr fixed rated (4.99%) mortgage with C&G for my parents and using the equity from the old house purchased the current property. At the time my Mum was out of work due to a knee operation that went wrong and my Dad wasn't able to get the full mortgage amount solely. My brother…
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Employment contract will never be permanent?
I left a permanent job that I hated for one that I love The new company I work for do not give out permanent contracts only yearly ones. How will this affect my chances of a mortgage? (I applied for one whilst in my old job and I was accepted) My credit rating is excellent and I have very little debt which will be paid off…
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Mortgage holidays???
What are the pluses and negatives of having a mortgage holiday? we are struggling for extra cash for Xmas and a 10 year anniversary break for me and the wife, so was thinking about approaching the Nationwide and asking them for a month off paying to free up some extra money is this a good idea or would we be better off…
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Fannie Mae - Chinese conspiracy
Fannie Mae is a actually a Chinese spy sent in by Beijing to single handedly bring down the housing market of the USA and hence causing the world recession.... The only country seems to be benefiting from the recession is China with all that cheap Chinese stuff being churned out into the market...mmmm....you see that? just…
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Trying for a new mortgage but in a 'potential redundant' situation
I have tried to get a fixed rate mortgage off the internet but as struggling as am being made redundant in December and so it would seem no one will touch me. Currently I'm on a staff rate mortgage which will shoot up when made redundant, so i am looking to fix the mortgage so at least I know my out-goings for this. Any…
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Mortgages for Sole Traders
Hi, I have been a sole trader since Apr 09 and business is good. We have seen a house we really like but as I do not have 2 years of accounts the mortgage appears to be a problem. The house is 229,000 and we are looking to put down 23,000 and my wifes salary x4.25% = 175,000. During the last 7 months I have a turnover of…
