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Using a ISA to lump sum at re-mortgage...
I am soon to be coming out of my 5yr fixed mortgage of 5.69%. I was a first time buyer with a £95000 loan over 25yrs, I have managed to overpay and get the balance to £72500. I now have 20 years left but I have a few options to play with and I cannot decide what to do, I'll pitch them for your opinions... 1) I could leave…
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Ex partner still on mortgage
Hi - my brother in law is looking to remortgage but his current mortgage is still in the name of himself and an ex partner. When they split there was no financial issues to resolve as although her name was on the mortgage her contribution was very limited. They now have no contact and he wants to remortgage in his own name…
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First Time Buyer Mortgage Advice
Hi there, We are looking to find a mortgage to buy a shared ownership property although we would be buying the full 100%. The property is valued at £110,000 although we will be getting £9000 discount, so the total would be £101,000. We could put down £35,000 deposit, but would really like to keep £10,000 of that to update…
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Buying second mortgage with parent - help please
Hi I need a bit of help with buying my parents house. I've just found out that they opted for an interest only mortgage instead of a repayment mortgage, then when trying to apply for a repayment mortgage, they found out my mum is too old to get the term they need/can afford. They now have 2 years left of their current term…
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mortgage and separation
My wife left me 14 months ago after 3 years of marriage. We bought a house after being married for a year. The mortgage is in both our names. The separation is currently amicable. I supplied the deposit from the sale of my house. She still has her original house. Here's our problem. She needs to be taken off the mortgage…
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Buy to Let for my mum
Hi all, this is my first post, so I hope that somebody can offer some help? My mum moved back here from a European country last year, having sold her house. She does not have enough equity to buy a property here outright, but she has a significant deposit to put down. Unfortunately she is over 75, so she cant apply for a…
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Scottish amicable muturity terminal bonus
My Scottish Amicable endowment policy with bonuses is to mature this May. I have consistantly received the green letter saying that my final payment is to meet the sum assured. My question is that although I have received statements each year detailing added bonuses etc ther is no mention of the so called 60% teminal bonus…
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Mortgages and Money Saving
I have what I hope isn't a stupid question about mortgages and savings and such like. The Mrs and I are about to come into a bit of money when we sell our current place. This could mean that we could buy our next place out-right. My question is... if, in the future, we decide we want that money for something (to buy a…
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remortgaging advice wanted
We have a mortgage with its fixed rate period finishing in May this year and £44000 still to pay. Our separate (unlinked) endowment will pay out in Oct 2015 and might be enough to pay off the mortgage but being more cautious will pay off 75% of it. So is there an obvious choice for a remortgage. I know enough to know we…
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First Time Buyer - need some advice please!
Hi there, I was wondering if you guys could help me. My girlfriend and I are looking at getting a mortgage over the next few months, but have a few problems. I'm currently living in rented accommodation and I'm a Primary School teacher (on 25k a year). She is starting her job as a trainee solicitor (on 22k) rising next…
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Is the house I want to buy considered habitable?
I am a first time buyer looking to purchase an empty 3-bed semi that needs money spending on it upfront - namely on a full rewire, new central heating system, guttering and completing an outside extension. We have had a builder inspect the property and have been quoted £10,000 for the work that is needed and we are unsure…
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Financial Difficulties Pack
I am looking to extend my present mortgage with Barclay / Woolwich but have been asked to complete a Financial Difficulties pack - they assure me this will not have any effect on my present ( 100% ) credit rating and record - but I am not so sure - especially as every different person you speak to in Barclay comes up with…
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Remortgage advice please.
Hi all, I'm hoping you lovely people can help me out! Our current situation - we own our home outright value of £160,000 (it's worth a bit more but would rather under estimate ). We will shortly be building a new home, total cost of build and furnishing is £195,000. What do you guys think is the best solution? We are…
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Mortgage Application with Defaults
Hi My self and my partner are looking to buy a home together this year, my partner has a mortgage on the house we currently live in. We want to move and buy a house together but i have a poor credit history. I have three defaults on my credit score two are due to drop of in October this year and the other January 2014 all…
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Quickest Mortgage Provider ?
I was using the post office for a mortgage but it looks like I am going to have to abandon my application due to their insistance on me using their In-house solicitors. Question is, who else in the market place is quick at processing mortgages ?
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Mortgage About to Fall Through ??
I've applied to the post office for a mortgage. However the solictor they recommended for me, has a very bad reputation and I've read enough online to know I don't want to use them. However it appears the PO are trying to coerce applicants to use this firm by not providing a list of solictors who are on their panel. Anyway…
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Two mortgage applications
Practical query - we've been two see two building societies today as first time buyers. Building society 1 expressed concern about a mortgage as I'm on a fixed term contract and and therefore offered us an agreement in principle based on my fianc!s salary alone. The advisor said that they would need to refer the…
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if you rent out the property yourself do you
still have to put the property in with the dps for the deposit and how does this work if you do this privately rather than through an agency. thanks in advacne. also what are the options on referencing the tenants? thanks
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First time buy scheme 2 years ago, now what?
It's my first post on here so hello all. I am two and a half years into my first but scheme where I borrowed 125k off the Halifax and 32k off Bovis. I am on Halifax SVR and the Bovis loan is interest free for 5 years and then they add 3% interest for a further 5 years by which point it should be paid off. To do this I was…
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can anyone help me where to start.. need help
hi im really stuck trying to get on the housing ladder.. we are looking to get a mortgage but cant get one anywhere... we have 3 applicants and 3 incomes but cant get one.. my mum has a house she is going to sell which will get us around 10k deposit after all depts are clear, so she will be moving in with us...(shes still…
