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when do I actually need to have all my deposit in one account?
Hi We are first time buyers.We have put an offer in on a house at 85,000 and it has been accepted. We have 21,250 deposit (25%). We have had a range of mortgage appointments recently and have one on Monday with Nationwide which we hope to go for. The thing is that the deposit is currently spread around 4 regular saving…
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Finishing Mortgage
Hi My mortgage is due to finish in November of this year. During the past 24 years I have moved house 3 times and my method of repayment consists of 3 Endowments an ISA plus savings of around £21000. (Due to endowment shortfall) 1 Endowment has finished and another will by the end of this month. On average the ISA is only…
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trying to get my head around BTL idea
İ own a flat worth 175k in the uk with an İO mortgage of 55k mortgage and i am looking to raise a further 40k to buy a further home where i live abroad. Currently it is empty but its rentable value is 800pcm.-in the uk i have a small occupational pension which pays me 650pcm net which pays all the outgoings on it now but…
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How to avoid the hard sell...
Hiya, We had our mortgage application interview yesterday. Sorting out the mortgage was quite simple and only took about half an hour but then for the next hour and a bit we were given the hard sell on home and building insurance, life cover, critical illness cover, MPPI etc etc. Having read a lot of information on here…
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Buying Mum's Home As Our First House
Hi, Me and my boyfriend have been saving for a mortgage since about December now. We have £5,000 which is about half of what we wanted so we are doing well. My mum recently put her house up on the market at £110,000 and moved to another. I know that the house is in sound condition and all it needs is a bit of redecorating…
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Pay money towards mortgage or save?
Hello everyone, We have a 2 year fixed mortgage with Northern Rock at 5.39%, coming to an end this December, which allows overpayments. I believe it is 85% LTV. We have our first baby on the way, and £11.5k in savings. My question is a) would it be worthwhile to put some of this £11k into the mortgage and b) how would we…
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help needed - unsure of what to do
Hi I am hoping you can help me and I have posted this on the right place! I am looking for advice as to whether or not I have the right to complain at my bank. I received notification (whilst in doing regular banking) in November that my fixed rate mortgage was ending in February 2011 and was asked whether I wanted an…
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Help needed to solve property and mortgage during the separation!!!
Hi all! I and my husband (still) are married for over 8 years and bought our first house 7 years ago. We have a 4 years old son. The deposit for the first house was paid by me from selling the property I owed abroad before the marriage and I have paid every single mortgage payment since! My husband started to drink heavily…
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Possible remortgage (home insurance)
quick question, a family member is looking to remortgage his property he wants to know if he needs to have his building insurance in place prior to the remortgage completion?
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Nationwide - self employment
Hi, Just looking to take out a further advance with Nationwide. I am employed, but my wife is self employed. Does anyone know if they will they accept proof of income from her in the form of self assessment tax returns? She is a low earner and so we don't use an accountant. Thanks all.
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Can i get a mortgage with a default?
hello, I am after some advice if possible. Heres the situaution. When I was 17 I took out a loan with HSBC for £15,000. I then defaulted on the load in 2005 owing £11,000. They have passed the debt onto a third party and I am paying £50 a month back. It stands at just over £9,000. It took me a while to gain credit but…
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Northern Rock 125% Mortgage
Wondering if anyone help or advise me on 125% mortgages ? My daughter and son in law are looking to try and save money on their mortgage but the loan part of their mortgage prevents them changing lender. Northern Rock will triple the interest if they try to move companies. Are they allowed to do this? and is their anything…
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mortgage employment insurance cover
We are first time buyers.Just wanted to know what employment insurance cover hubbie would need to take out,just sickness or sickness and unemployment. Had some quotes,just sickness is about £8 per month,sickness and unemployment £16 per month.Is it worth taking unemployment cover as hubbies in a stable job, and is there so…
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Obtaining a mortgage post bankruptcy, advice please.
Hi. Due to loss of a major contract my business failed and I had to declare bankruptcy over 3 years ago. I now have another business which has been running for just over 7 months and is going well. My eggs arent in one basket as I can source my products from numnerous places/organisations and still make a tidy profit. My…
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Endowment matured, avoiding US tax liability
My 25 year endowment is due to mature next month, but I'm advised that, as a US resident, any profit will be liable to federal and state tax, despite it qualifying as tax-exempt in the UK. The profit is assessed as the difference between the final payout and the cost of premiums over the term. Does anyone know if I can…
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Get a £30 shopping for helping Shelter research into repossession after mortgage debt
[title=http://images2.moneysavingexpert.com/images/dp/wtd_underline.gif] What's this all about? [/title] Shelter, the housing charity, and the National Homelessness Advice Service (NHAS) have asked researchers from the University of York to find out about mortgage borrowers’ experiences of leaving homeownership because of…
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Interest only mortgage, but no endowment policy !
I had a endowment policy many years ago and cashed it in after not being able to keep up the payments, but I continued with the interest only mortgage, it has 11 years left to run, I am 49 years of age and self employed on a low income, I have never been in arrears and the mortgage balance is around £35.000, do you think…
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financial adviser or not?
Hi, I'm looking at moving home and I'm weighing up the option of getting a financial adviser or not? I'd like to here the pro's and con's for it? Thanks extra detail Con's They'll only look at lenders that will give them commission, so not the best deal on the market... is this true?
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Can I claim any money back?
Hello all, not really sure if this is money saving but if I get any back then I guess it is!? I tried and failed to sell my apartment over 9 months but had already put a deposit down on a new build (silly I know, but everyone was telling me it would be easy to sell it) When it came to 6 weeks before I was about to get…
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Help with Selling my Endowment
Hi All. I am thinkng of selling my endowment policy five years ahead of its maturity date as I have come into some money and no longer need it to cover my mortgage. Does anyone have any advice in doing this and any recommendations on where to find the best payers? Thanks TG
