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btl insurance advice
Just a quick bit of advice needed Am renting my house out at the beginning of March (buying a further residential property) and am looking for btl insurance. Is a 3 bed house being rented out by the room (two of the bedrooms being rented by a couple with the smaller room being their study) and a third seperate tenant. All…
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Adverse Credit Mortgages? 10% deposit...
Hi, I wonder if anyone 'in the know' could offer us some advice please? My partner and I have been renting a property since May 2008, but would now like to buy a house and have about £20,000 deposit to put down. The properties we have been looking at are priced between £185k - £200k. Both of us have had problems with…
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Advice on porting mortgage - does it require credit checks?
We have a portable mortgage with A&L. If we port our mortgage to a more expenseive house but don't want to borrow any extra, will this usually require credit checks etc? I ask because I have two late payments on my credit report and one arrangement to pay (which is seriously incorrect and i'm fighting at the moment). These…
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endowment - should I continue paying or cash in now?
I'm dithering again about my endowment policy with Countrywide assured. We've held the policy for 12 years and total paid in is now £20987.93. I rang today to ask what the surrender value would be and its £19,532.49, so if we were to cash in today we would lose £1455. We're not exactly flush but don't desperately need the…
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Are brokers as useful to FTBs in today's market as they were 3 years ago?
With the number of lending products available being a fraction of what they were in 2007, is it as beneficial nowadays for a FTB to go through a broker? Comparison websites make it easy to sort based on a number of factors. Plus whenever a lender releases a new leading-rate product, readers of this site soon get to hear…
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remortgage advise needed !!
I have been on a mortgage for 3 years with Derbyshire home loans - i wanted to remortgage after 2 years with them (last year)but fell behind with payments - they took to me court and i agreed to re start paying the mortgage plus an aditional £500 to help clear up the arrears. I am now back up to date with the repayments…
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Mortage coming to end!
I could do with a little advise. Our mortgage is due finish in Oct this year and we have 50% repayment and 50% endowment (split equally between 2 policies) obvously the repayment side is taken care of but the the endowment predictably is not going to perform (I know I know we should have done something before now but we…
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Mortgage broker/Financial adviser needed for shared ownership mortgage-bad credit
Hi there, I am looking for an advice on re-mortgaging my shared ownership flat. I have 2 secured loans on it plus mortgage and housing association rent. The reason I want to re-morgage is to consolidate all in to one. Payments are becoming very difficult now for me and if I am unable to reduce it. I have to sell it if…
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Mortgage borrowers vigilant as future of interest rates uncertain
An often asked question on this forum is whether to fix or not, and where are interest rates heading. http://www.citywire.co.uk/personal/-/finances/mortgages/content.aspx?ID=376441&re=8098&ea=237867&ViewFull=True
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MSE News: The first-time buyer mortgage conundrum
This is the discussion thread for the following MSE News Story: "First-time buyers (FTBs) who've got on the housing ladder are spending less of their income on servicing mortgage debt but many other wannabe homeowners are still struggling ..." Read the full story: The first-time buyer mortgage conundrum
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Need to Get out of Current Situation - Advice Please
My partner and myself want to move house, mainly because of idiot noisy neighbour but also because we need a bigger place. The current house belongs to my girlfriend (I moved in after she bought it). I've never had a mortgage. Our thoughts at the moment is that we will put the house up for sale, and rent somewhere to get…
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Help with mortgage repayment calculation.
Hello everyone. I hope smeone can help me calculate the length of time taken to repay a sum of money (basing it on a fixed rate of interest for ease of calculation). Borrowing £110k initially over 15 years at 2% year (this is an offset mortgage at 0.95% above base rate) but will use a flat 2% to cover any near future rate…
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can i borrow 75% ltv ?
hi quick question, can i borrow 75% ltv on my house even if my salary multiple doesnt allow me to? or does having a 25% deposit have no relevance if i cant afford it? i mean i can afford it but when it comes to the lender, who may say, 4x my salary, and if my salary is saY 25k then times 4 is 100k, does that mean i cant…
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What % deposit do i realistically need to get a good interest rate?
as above really, obviously a 95% deposit would be good but not really realistic today, what % am i looking to need to get a decent fixed rate offer? Thanks in advance
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Avoiding Inheritance tax and capital gains tax
My parents are seperating and are looking into signing over the house to me. The house (worth below £100,000) will be a gift and my parents will move out. My dad within the first 6 months once he has found another place to live. am i exempt from IHT because its below the threshold of £320,000 providing they both live for…
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Nrock asset management - exit fees
Thought I was a "good" customer but just been notified my mortgage is owned by the "bad bank". I'm not toxic! House worth 350k+ mortgage less than 100k & collateral to pay that off. Problem is I can't extend amount (e.g. to upgrade/extend property. I reckon this is restrictive practice, especially if exit fees apply.…
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Highest mortgage amount we can borrow?
Basically myself and my partner are looking at selling both of our properties, and purchasing a new house together with a joint mortgage. The property in question is valued at approx 275K, the sale of our properties would result in a cash deposit of 81K, having already deducted 8K for stamp duty. Combined we earn a gross…
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HSBC Mortgage Portability?
Hi All, My Husband and I took out an HSBC mortgage back in 2006, on a 3 year fixed rate. The rate matured and it has now been on the HSBC Standard Variable Rate for nearly a year. We are now looking to move house and the Variable Rate we are on is a decent rate compared to what we could get elsewhere. However, we have been…
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No booking fee, or lower intrest rate?
I am a first time buyer borrowing £80,000 over 25 years and have decided to go for a 4 year fixed rate mortgage. I have the two options below from Alliance & Leicester: 4.84% (£995 booking fee, which I will add onto mortgage) or 5.09% (no booking fee) If I have a booking fee, I will need to add onto my mortgage and it will…
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Mortgage Advice - Complicated Situation!
Hi All, This is my first post so please be gentle. It’s a bit long winded but any help will be greatly appreciated. About 4 years ago I bought a house with a friend to get on the property ladder (no deposit but seemed like a good idea at the time) and whilst not exactly in a bad position (I have read many of the other…
