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Equity release?
Firstly im not sure where to post this but I really need some help. My in laws have a house worth about £550,000 they invested heavily throughout their working lives in many pension and insurance investments , they have had their home on the market for about a year now and had no luck at all but now they need to raise some…
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lots of problems!
This is a bit of a long winded problem with lots of questions so I hope someone can help. My mum is wanting to portion off a piece of her land to give to me. The land doesn't have planning permission on it at the minute, so it should be valued as below the capital gains tax band, however, I am wondering if I go ahead and…
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tax on endowment cash in
Hi. I also have an endowment policy and unfortunately due to redundancy at the end of the month i have no choice but to cash it it. It was a 15year policy so it run for almost 13. I have been told its worth 44000 and 28000 of that is my payments in. Im a higher rate tax payer at 40% so am i right in thinking i have to pay…
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Trying to buy a council house.
I am trying to buy my coucil house I share with my Mother and Father. As all 3 are on the tennancy agreement we all have to be on the mortgage according to the council. The problem being is my Mother is 73 and Father 74 and no one will give us a mortgage in there names. I have been informaed by many banks they will give me…
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Slowly Getting there
Submitted full application with Nationwide on the 26th. Had the valuation done on the 2nd, and they recieved the report today saying all is good. My file has now been sent the underwriter, but there is an 8 day backlog. As they havent asked for any additional documentation before sending it to the underwriter is this good?…
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Remortgage Advice
Hello I am currently with Accord mortgages and my 5 year fixed finishes in september 2012 and I have been informed their SVR is 6%. I have been offered a 3 year fixed at 5.29 with a LTV of 96% from them. I have questioned the LTV and was informed they use the halifax price index which has valued my home at £123k. I have…
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Self employed mortgages are possible!
This is a bit of info from my own journey to getting a mortgage (and then a remortgage) as a self employed person. With tips on how I managed to get the best deal. Go Ltd - It's more tax efficiant, you can register for voluntary VAT on their incentive scheme which pays back a percentage, you seperate work and personal…
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new mortgage
Does anyone know if there is a new mortgage coming on the market not based on income, but they will lend 50% of value of home?
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Can I hand keys back of 2nd property? Will I lose my Home?
Hi, We have a 2nd property (Rental Property) but cannot get a tenant. The property itself is in £30k negative equity. If we 'walk away' from it, will the bank take our main property - our home? The stress is killing us. We just can't afford two mortgages. Please has anyone got any ideas?? Thanks.
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Help for a first time mortgage holder
Hi Everyone, Forgive me if this seems a silly post but I would like to ask a few questions about what happens after the initial period of a mortgage. I took out a 25 year mortgage 3 years ago, with an initial fixed rate period of five years. I have been overpaying 10% per year and hopefully will do so again for the next 2…
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Re-Mortgaging with a 1 year Consent to Let
Hi, I currently have a 2 year tracker mortage with Halifax which expires in 30th Sept 2012. With this residential mortgage, I also have a Consent to Let which expires the same time. The property is currently occupied. My issue is that i'm getting a 5 year residential fixed rate mortage with HSBC at 2.99% but i'd still like…
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Really confused.Life insurance.Please help!
We had a meeting with the mortgage advisor from our Building Society yesterday. All was going swimmingly until she brough up life insurance (which my husband has through a work scheme) then the tone of the conversation turned to pretty patronising and rude. Saying that we probalby didn't have enough cover etc etc. We were…
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Recovering HSBC ERC after porting
Hi, I recently ported my mortgage with HSBC to a new house (taking on some additional borrowing resulting in 2 mortgages). As part of the Ts+Cs we were required to pay a (very substantial) ERC on our original mortgage which should have been refunded to us however my advisor at HSBC is basically denying that we paid a…
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Should I go for another 2 years fixed rate offer?
The fixed rate term on my mortgage ends in November this year. I'm paying 3.19% at present. I've been sent an offer for another two years fixed rate at 3.79%, a bit more than i currently pay but less than their SVR of 4.24%. They say this offer is valid for the next couple of weeks. As I'm currently unemployed, I don't…
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can you protect a gifted deposit
Hi just a quick one everyone me an my husband are in the process of buying a propoerty we have had an offer accepted on a house for £112500 eveything is in place heres the fly in the ointment My mum is giving us a gifted deposit of £60000 we have £10000 saved an i am gifting my husband £10000 an a mortgage of £32500 an…
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Mortgages /divorce
Hi, Im new here, I'm looking for some advice about mortgages. My OH is trying to get his divorce sorted, it's all amicable as he's take on all the payment for the joint debt etc, but I'm worried about the mortgage. We live in the home and his ex rents, and we need to put the mortgage in our joint names, rather than…
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own house with ex-wife, but want to buy my own
I am stuck in a rut. Me and my wife split up last year and my wife resides in our marital home of which I own a 40% share. We have no mortgage and the house cannot be sold for another 7 years until my youngest child is 18 (my wife is disabled and refuses to budge). I am currently in rental accomodation and have no chance…
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Do I have any chance of getting a mortgage?
Hi Quick question what are the chances of getting a mortgage as a ftb in my situation. I have a default leaving my credit file in november and I am currently raising my credit score with a credit card and catalogue buying on it and paying back and my oh has a settled ccj. He has 3 years left for this to come off his file…
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Mortgage - Partner started job 6 weeks ago...
Partner started job 6 weeks ago... Are there any lenders who will give us a mortgage for this? She has her first months payslip. I have been in the same job for 30 months but she changed job on the 26/6 and is earning a lot more than she was in her previous employment. She is on a permanent contract and doesn't have a…
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Multipliers or Affordability?
We're looking to sell our house shortly, and then rent for a bit whilst we look around for something bigger/better. Been on various "how much can i borrow" calculators on the internet and they all seem to give wildly different estimates/ranges of what we might be able to borrow. Based on income 1 at £40,000, and income 2…
