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MSE News: Property asking prices down 3%
This is the discussion thread for the following MSE News Story: "House sellers slashed asking prices during the past month in the largest December drop for three years ..." Read the full story: Property asking prices down 3%
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Early repayment?
Hi All, We took out our first mortage in April this year (£162k) and we can overpay 10% a year. Our initial deal lasts for 2 years and I'm after a bit of repayment advice. I'm in the fortunate position to be able to pay that 10% chunk of my mortgage for the next couple of years, the reason being is so that when the offer…
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Buying under market value then re-mortgaging?
Hi Everyone Newbie poster on here so pls go easy on me! And its pretty complicated so bear with me! My partner and I have been renting for the past yr in SE Ldn after selling my small studio flat in Nth Ldn last Feb. I broke completely even in the sale. So we have a 10% deposit to put down somewhere else. We've been…
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Best 80% LTV for Me?
Hi, me and my partner are FTBs, i'm in the RAF and was hoping you guys would be able to point me in the right direction here. i'm looking to buy a house for around £150k (actually have one in mind already) and have 36.5k available to me for a deposit, fees etc. the deposit money is made up of: 25k from the old man 8.5k…
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Halifax Standard Variable problem
Hi, I was wondering if someone can help me. I took out a 2 year fixed tracker mortgage in august 2008 with Halifax At thee time the standard variable rate was 2% above the base rate. The bank of england base rate was 5%. So the overall interest repayment was 7%. However my tracker mortgage has come to an end and all of a…
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Can I get a off set mortgage
Complicated one but here goes I am fortunate enough to have just sold my business for £150.000 the current outstanding amount on my mortgage is £150.000 Now for the complicated bit.We recently moved to a new country due to my wifes ill health so obviously we are not on the electoral register.The tenant in our house covers…
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selling flat with short leasehold
Hi! My flat has 73 yrs remaining on lease and a buyer has put in an offer which is £20k less than asking price based on their having to extend lease, pay for valuations, etc. My estate agent has advised me to take offer and I'm thinking of accepting, however, if the buyer wants me to assign the right to apply for an…
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how do i work out my mortgage repayments
Does anyone know how i would work out my monthly repayments using the current intrest rate of principality my mortgage goes onto a vairible rate next year and i would like to canculate it to see what my monthly repayments would be. Is there a sum to do it?
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Bank sent personal docs to wrong address
Hi, We are currently in the process of buying a new house and have got our mortgage approved and are just waiting to exchange. We sent our original marrige certificate, payslips and bank statements to our bank and having not received them back chased this up. It turns out they were sent back to us in September but sent to…
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Less than 50% LTV Mortgages
I have just found out I'm going to be in the lucky situation of coming into some money in May next year which will bring my mortgage LTV to about 44%. Loan value will be about £128000 with a property value of £290000. Mortgage LTV is currently 76% and is at 35 year term. I plan to reduce this to a 25 year term. Currently…
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Doable or Unrealistic?
I've managed to sell my current property and my gf and I are considering if we want to buy now or rent for a while, save more deposit and look again in 6-12 months. Gross earnings between the two of us are £62k and we're looking at a £245k purchase price. Only have the dreaded 10% level of deposit at the moment and would…
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Would like some advice about mortgages
Hello, New here and would like some mortgage advice. Me and my husband are in our mid to late 30s with 2 kids and have been renting for ages in London. We are now thinking about buying as sick of spending so much money renting to pay someone else's mortgage and we want a place of our own. Wre have managed to save approx…
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Joint owners - relationship breakdown - what are my rights?
Hi all, I have a joint mortgage with my ex. It's an interest only mortgage, and he put down the deposit. I have paid for things such as furniture, home improvements, decking etc. We haven't signed a declaration of trust in regards to deposit. Both our names are on mortgage, land registery etc. The house is currently in…
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which type of mortgage ?
Hi Everyone, i am new here and looking to learn more about property investment. I am looking to buy a 3 story house that has recently been converted into 3 self contained flats, however the whole property is under one title deed. I have been told that i would require a commercial mortgage to purchase this property, but i…
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mis sold endowment
I'm new to this lot and am trying to reclaim anything I might be entitled to. I was sold an endowment policy on 17th dec 1991 with Scottish Life, the person who sold me the policy was Mr Iain Alcorn, Premier Park Financial Services, for £48 to cover a £51000 mortgage, I didn't hear anything from any company until January…
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pension deductions and income multiples
my pension deductions are taken from my gross pay as salary sacrifice, in the same column as my bulid up to gross. will these reductions be subtracted from my gross pay before the income mulpiple is applied? it is likely my lender will be halifax. thanks kevin
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Will I get a mortgage?
OK, more to the point, what should I do? My situation is we've been in our house 4 and a half years, 35 year mortgage which was a together loan from Northern Rock - £115k mortgage and £30k loan at the same interest rate. Last statement said we owe £112,145 secured and £29,042 unsecured (depressing). House was £121k but now…
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Overseas mortgage for self employed?
Hi, Anyone on here self employed and managed to get a mortgage on an overseas property. I'm newly self employed (last 9 months) and French banks seemingly won't even look at me until I've got 2 years worth of records. Used to be employed in same profession (chartered accountant) but now contract - if I was applying for the…
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second home
hi everyone, i'll try and keep it simple and easy. I have a house approx. value £220,000. Left to pay on current woolwich mortgage approx. £44,000 - 17.5 years. Age 35 Salary approx. £41,000 inc bonuses etc cash savings £22,000 no debts, bad history, or ccj's etc - all clean. potential rent if let out £850-£900 p/m The…
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Britannia overpayment
We made a overpayment on our Britannia mortgage which we asked to be taken off the term rather then the monthly payment. I am confused by the letter received from Britannia. First part states balance has reduced and monthly payments recalculated from £450 to £425, then states as requested payment is fixed at £450 so…