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Debts after death...
Hi My father died last year and has left a messy financial situation. He owned a second property with an outstanding mortgage of £85K which has been repossessed, but will be unlikely to get this value at auction. What happens to the shortfall? He owned my parents home in his name solely(?!!!) so my mum is desperately…
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Mortgages for over 70's
I am 66 and in full time employment with no leaving age limit. I earn £24k per annum plus £4k anualy from private pensions plus £7k annual state pension My wife who is 47 earns £15k pa I owe 120k on a 160k property and my mortgage expires when I am 70 as my lender does not offer loans beyond that age This means I will have…
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Income multiples
Hi, Am I right in thinking the average income multiple for a mortgage is 4x? Do you think this will ever go up again? I'm in a situation where my husbands and my income is fairly low (19,000 per year) so we are nowhere near the level to buy a house in this area, but we are so very careful with money we rent a house for…
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Mortgages & Benefits?
I have posted this in benefits forum too, and i apologise if this is wrong but I really, really need some advice - please! My fiance and I have been together for about 11 years. 6 of which I have had numerous health problems which have made me unable to work. I am still offically employed by my employer, and through a…
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When will i need to pay deposit?
Hi, Just had formal mortgage offer in the post from YBS. It explains all except when I will need to pay the mortgage deposit. Does this all need to be paid to the solicitor before completion, or will it only need to be a certain percentage, or does this vary between banks. If it does not all need to be paid before…
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Mortgage for Director of non-profit social enterprise
We are first time buyers in London. I am employed but my boyfriend is a Director of a non profit making social enterprise. We're very new to understanding mortgage applications but I'm aware that my boyfriend's work status could complicate any mortgage applications. Does anyone know what type of information lenders will…
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Income multiple issues
Hi everyone, I'm wondering if anyone knows of a lender that will look at our incomes as a whole. For several years my wife and I have been trying to get our business up and running. Whilst it's taken 5 years in all, we are now both full time and earning £60K+ combined. Our income over the last 5 years hasn't dipped below…
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paying off part of mortgage
hello one of my endowment polices has matured and i am looking to pay off part of our mortgage on our present house. when is the best time of the year to do this?
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Selling a piece of land with a mortgage
Hi everyone. I am 23 and have a mortgage on a property with my partner. We have lived there 2 years, We have been approached by the neighbour who wants to buy a piece of my garden. Long story short, the piece of land used to belong to the people who lived in the house before him but the people who lived in my house bought…
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Getting a mortgage after debt defaults
I'm about to try and get a mortgage after having debt issues. I have one default still showing after clearing all my debts up, but that should disappear soon. Will I be able to obtain one or am I barred?
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Halifax - pure greed !!
Well, Where Do I start !! Has a Halifax Repayment Mortgage, Had it over 2 years, ALWAYS paid it when due. Wife became redundant in January, We consulted the Halifax STRAIGHT AWAY. Now to cut a long story... They are commencing Legal Action because we are in arrears of 2,000 + We have liaised with the Halifax at EVERY step,…
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Help again, stressing over chosing a mortgage
Hi i know i have previously asked for help, but very quickly we have sold our house and we have offered on the new house and been accepted. So i need to proceed with an application for a mortgage. Purchase price 180000 Deposit 40000 LTV 78% I have considered over 25 years Hsbc No fees Tracker at 2.99% Coventry who is my…
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can anyone help with a quick definition of fixed and tracker from RBS calc
http://www.rbs.co.uk/personal/mortgages/g4/comparison-calculator.ashx For Capital and Interest i.e. say £100,000 Mortgage over 25 years Initial deal Follow-on Overall cost for comparisonMin depositProduct feeMonthly repaymentsRateTracks Bank of England Base Rate UntilRate (variable)2 Year Tracker Rate Available to:…
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mortgage protection
Hi all Is it true that I need to take out critical illness cover before I can take out a mortgage? will standard life insurance not do? my lender is saying it must be critical illness, but just wanted to double check. if I do, I'm assuming I don't have to take it out with them and I can do it with someone else? cheers
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Bank of Ireland giving my details to mortgage brokers
Found this a bit odd but I was making an overpayment today and the chap I was speaking to asked me if I minded them giving London and Country (mortgage brokers) my details so they could have a look at the market and see if they could offer me any better mortgages anywhere else.... I asked them why they would want me to go…
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Whats the Highest % Mortgage You Can Get?
Hi All Simple question really as in the title. I currently don't have a mortgage and was thinking of getting another house. I did have one which I paid up when I sold the house back in 2008. My (now) wife and I moved in with her parents while she went back to Uni. We've since got married and consequently have no savings…
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Urgent help/advice needed regarding mortgage
hi guys, I'm hoping someone can urgently help one of my friends. She took out a 2yr fixed mortgage with a company called TMB (part of halifax/lloyds group) about 5 years ago. After the 2yr fixed period ended in approx april 2008, she got another offer to fix her rate for 5yrs to 6.85% until 2013 and she took this offer…
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Newbie seeking help for mortgage with defaults ..
Hi all, This is my first post ... so hope I do things right. I currently have a mortgage with Halifax - and due to come off my tracker deal in about 18 mths or so (was a 5 yr deal). I would hope to remortgage at that time, if they dont have any good deals for existing borrowers - but the fly in the ointment is I have…
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Mortgage Advice
Hi, sorry about this dumb question but Im not that great at financial matters. We are looking at houses in the region of £250K We have our home that is mortgaged but has approx £70K of equity My wife has a rental property that is mortgaged and has approx £70K fo equity We would like to keep our home as a rental property if…
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Query re mortgage/marriage split
Hi, hopefully the right place to ask this but apologies if not, basically splitting from my wife and moving into my own (rented) apartment next month. We have kids and the reasons are complex but it's very amicable, idea is she carries on living in the house and once the kids are old enough and left we will sell and sort…
