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Feeling very vulnerable
Hi all, just after some mortgage advice. We live in a three bed semi in surrey valued approx. £500k and our mortgage is approx. £273k. We are on the standard variable rate. The mortgage has two sub accounts: Sub a/c 1 - £200k tracks 2% above base rate Sub a/c 2 - £73k tracks 3.49 above base rate Monthly payment approx.…
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Help from parents during separation
Hi, I've separated from my wife and we have sold the family home. I'm now renting on my own and wish to buy ASAP to avoid the high rental payments. In order to buy, my parents will have to help me out, however my solicitor has advised me that this help needs to be protected in order for it not to be "in play" when we go…
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Mrs Conn
We are looking at stair casing our 50% shared ownership to to 100% ownership however when searching for a Mortgage via the web there isn't anything to select for stair casing, the mortgage we originally had to purchase the first 50% was paid off 10 years ago and therefore we don't have any outstanding mortgage on the…
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Remortgaging with another person and CGT
Hi everyone, I am looking at some scenarios with re-mortgaging and was wondering if anyone could help me shed some light on the possibilities. If one person owns a house that is let out but has been their home, I understand the CGT relief for PPR and letting. If a house is worth say £300k with a £150k mortgage. Would it be…
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1 Default and First time buyer
Hello and thanks for reading. Any advice would be greatly appreciated! Me and my partner will be looking to buy our first property next year. However I have a poor credit history which I've worked hard and paid my debts off. I have a CCJ which falls off my file next month, I'm unsure how long after this falls off until…
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Nationwide PPI?
Hi ,all, nback in 1995 i took out a joint mortgage with Nationwide, which is still active. At the time we requested to take out mortgage protection with them. We were told that wasn't possible and to arrange it independently. This we did and still have the monthly policy. According to the Nationwide website, it appear to…
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Who do I speak to for advice on renting current property and buying another...
Apologies for what is probably a stupid question but who should I speak to for advice on renting out our current property and buying another? Would it be an independent financial adviser or should I approach my mortgage lender first? Very early stages but would like to speak to someone to get advice on our actual figures…
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remortgages or stay as i am!!!
right just looked at 2014 mortgage statement. as of the 1 january2014 i am on 2.50% interest only.!!!total £90,000 think i have 14/16 years to go. my deal came to an end back in 09.just befor the crash. its a big minefield. i have been told to stay as i am. just over pay,which i do when the cash is there. so wot shall i…
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Guest House
Hi all, I noticed an old thread on here regarding a 'bed and breakfast', I have lived in St Ives, Cornwall for almost 2 years and I have a residential mortgage. What would I have to do to legally run my house as a guest house? It has 6 rooms and we'd like to rent out 4 of them. Or is there another forum that can better…
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Fees on Mortgage Transfer (staying with current lender)
Hi Our mortgage with Santander is coming to the end of the fixed period and we're looking at new deals. Santander are looking competitve but we've noticed they are doing the usual trick of offering us higher rates than they would offer to new customers which we've seen on the comparison websites. Has anyone managed to…
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Self employed mortgage
Hello :) I am self employed though subcontract solely to one company and have done for the past four years. My position with the company I subcontract for is very secure and a long term arrangement. I have bank statements to show a regular monthly payment from this company that has been consistent/increasing over the time…
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Mortgage woes shared ownership
Hi hope this is the right place to post. Me and my boyfriend have applied for a shared ownership house which we have reserved. We are getting our mortgage (hopefully) with the Woolwich. Im soooo worried though because its going to be in my boyfriends name but me and my mum from her business are going to separately gift…
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Sorry if this has been asked a million times
We have our house on the market and are close to selling. We have been looking at various properties with a view to purchasing one. Our question is : There is a house which we like in an amazing area where we would like to live but needs a lot of work and we have been told that the sellers are quite flexible with the…
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Other city mortgage
Advice appreciated. If I work in London will I be able to secure a mortgage on a property in my home town. If this will be my only property and not a buy to let. I would go home to it every weekend and my partner would be living there. I assume it would be as simple as factoring in the expense of living in London during…
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Equity Release
After some thoughts if possible please on equity release. I've just found out that my father and partner took equity release on their bungalow in 2004. Having read previous posts I really don't need the accusations of only being after the inheritance etc, but I have some serious concerns about the way they were sold it…
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To Remortgage or Not.. Advise Please
Hi, I've got around £95,000 remaining over 32 years & 2 months at 4.79% APR. My current deal ends Jan 2018. There is an early repayment charge of 5% at year 5, 4% at year 4 etc. So, if I were to remortgage in a couple of months time once I have 32 years remaining - it would be a 2% fee. Due to the high APR along with the…
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Bank of Ireland. Overpayments not being applied or backdated - what can I do ?
Hi I have an interest only mortgage with the Bank of Ireland and I overpay £150 per month. I received a letter this month telling me I was £603 in credit and did I want this applying to the mortgage ? Well of course, that's why I have been overpaying (I did tell them this when I started overpaying a couple of years ago). I…
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Do possession orders transfer with sale of debt. Black Horse to Skye loans.
Morning Guys, The second mortgage on my mothers house was with Black Horse who sold their portfolio to Skye loans earlier this year, there was a possession order on the house held by Black Horse did this transfer to Skye. The agreement that was set with BH was that additional money would be added to the monthly payment to…
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Offset Mortgage advise required
I currently have 180k equity in my property and are considering buying a property abroad for 120k. I also have a pension lump sum of 130k due in 7 yrs time. I am looking to pay the property abroad off on receipt of my lump sum. I have been advised to look at a offset mortgage which appears great, but does anyone know of…
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Urgent Help Needed - House to be repossessed
Hey guys, I thought I could solve this myself but it's proving to be harder than I thought. I'll try to make it as simple as possible but please let me know if I miss anything out. * My mum owns a leasehold property * It's a 4 bedroom maisonette, 3 floors and part of it is over a "commercial property" (corner shop) * There…
