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Is it still possible to use equity?
My partner owns a property recently valued at £265,000. It is in an area that has bucked the downward trend in house prices. He owes £146,000 on a repayment-only mortgage with Natwest. We desperately need to release equity - even just another £10,000 - to help us through the first year of a new business. We've been to see…
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Online v Bricks and Mortar
Could anyone suggest whether it is better to undertake a first time buyers mortgage application online or at the actual branch once you have found out the cheapest deals online i.e. is it better to deal with any questions/issues face to face if you want to be successful? Any help would be appreciated. Thanks.
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Joint Application on remortgage
Currently paying an interest + repayment mortgage with A&L/Santander on SVR @ 4.99, so I know I can get that down. Looking to remortgage, owe 100,000 in mortgage + 6K in a mortgage loan at same rate, house is worth roughly 160K. I pay 700pcm for the mortgage + loan. OH has been out of work since june '09 and is now 6m…
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Woolwich openplan: should a lump sum be paid in
A mate of mine has one of these and Im not sure on whether he should do the following or not: He has approx £35,000 os over 8 years, on a rate of 1.25%, paying about £600pm. He has got a lump sum inheritance and was wondering whether to pay the mortgage off. if he out £35,000 into the Openplan account what would that mean…
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new mortgage seeker
Hello there, My first post. I am applying for a RE-MORTGAGE with a high steet lender. My mortgage has been approved in principle but not yet drawn down. I have now been served a notice of termination from my employer to finish in 3 months. My application is almost approved and if I don't tell, it will go through. Even if…
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Remortgage needed in June 2011
Hi experts! Could anyone tell me when we should start looking at deals for our remortgage, due in June 2011? I remember it taking quite a long time last time (c.4 months?) but not sure how long a deal would be available for? Should we start looking now, or wait until Dec/Jan? Thanks
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Cemap 2 and 3 Past Exam papers Wanted
I am currently studying for CEMAP 2 and 3, anyone got any IFS official specimen exam papers? I have got the Cemap 2, June 2008 A,B,C and Cemap 3, June 2008 A,B, so any others would be greatly appreciated.
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if you want to port your mortgage from your current
one to a new one - are there any costs involved or what shoudl we be aware of? thanks
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Paying Mortgage v Savings
I have moved in with my bf (who has debts of £20k+) and have rented my flat out (which I should get extra income of £550-£575pcm). My dilemma is that I only have £16,595 left on my mortgage on my flat at an interest rate of 1.49%. My bf has a £96,000 mortgage at a higher interest rate. I also have an ISA with almost £2,000…
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joint mortgage split with child involved.
Hi My ex left 18 months ago and immediately stopped paying his half of the mortgage and all bills. (He also left me with a car loan and no child support). We have a joint mortgage and one child (who he chooses not to see). He knows that I have a new boyfriend and am co habiting and has decided he wants me to buy him out or…
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Anyone with ING Direct?
Hi there I am trying to decide between two different mortgage offers for our first house purchase. Looking for a 120k mortgage for a purchase of 160k One has been recommended by a reputable broker, 3.69% 2 yr fix Since that quote I found ING Direct have a 2 yr fix with similar fees etc at 3.09%. Our income multiples may be…
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Consent to let & other hairy issues
Hi I'm hoping someone on here can help me. I own a flat (in my name only) which I share with my husband. We are remortgaging this flat to help us pay for a new house as we need more space. We don't want to sell the flat just yet as the 4 estate agents we have had round to value the place have said it's not a great time to…
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Mortgage Payout to Ex Partner
Just wanted some advice into where i stand legally. Background: four years ago jointly bought a house with my ex partner. We both paid the deposit, though she paid 4 thousand more than me. Since moving in i paid all the mortgage payments every month and some bills, and she paid bills herself. Present: The house is…
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2nd mortgage Questions
I currently have a property with a £55,000 on it. My girlfriend and I would like to purchase somewhere else and keep this property to rent out as renting would cover the mortgage and more. I have been in debt previously and still cannot get a decent credit card although I'm only owe £1000 elsewhere now. What would the…
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Cannot repay interest only mortgage at end
My friends have an interest only mortgage and are unable to repay the mortgage which is due to finish in a few weeks. They have not been able to find a mortgage with another company as so I am sure will be facing repossession. Can anyone shed any light on this - they owe about 100,000 which they are unable to repay. I…
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Halifax mortgage not lending existing mortgage and porting
Hi, This is my first post on the site and any info would be greatly appreciaited. I have quite a healthy mortgage on my current property. We have been with the Halifax since 2004. Last year we reverted on to their SVR. At the beginning of the year I called the Halifax to ask about their tracker rates. I confirmed with them…
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Removing name from title deeds and adding my name.
Hi, My girlfriend and her Dad bought a property in 2006. I am considering buying her Dad out. We would need to replace his name with my name on the title deeds and the mortgage. Does anyone know what the process is and what tax/stamp duty implications there are? Also, would be better off refinancing or getting a further…
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Mortgage fraud victim - help needed
I took out a mortgage in Dec 2006 with my now ex partner. As my ex was self employed we decided our best option was to take out a self certified mortgage, I completed and supplied all the information for me, and she did likewise for herself. We split up several months later as the relationship kind of fell apart when I…
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Fixed rate mortgage coming to end. what next?
I bought my house via the right to buy scheme five years ago. My current fixed rate mortgage with Nationwide is due to expire in September. Don't know a great deal about the mortgage market so would appreciate some advice.
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Applying for a mortgage direct and a few other mortgage questions..
Hi, I need a few questions answering from some people in the know so if people can help I would really appreciate it. I am currently living in a rental property which is up for sale and we are going to buy as soon as it sells - so could be 2 weeks could be 12 months?? We are going to see a mortgage broker but I think most…
