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MSE News: House asking prices dive by 3.2%
This is the discussion thread for the following MSE News Story: "Sellers knocked nearly £7,500 off their asking prices during the past month as the market continued to stagnate ..." Read the full story: House asking prices dive by 3.2%
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what mortgage do i need
hi all i am mortgage free and want to buy another main house i am very lucky to have a full deposit and cash to spare for refurbishment ,i intend to sell my current house as soon as we move in and pay off the mortgage we borrow but can someone tell me which is the best and cheapest option for us ,we have saved very hard…
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Mortgages & Personal Loans
I was thinking of taking out personal loan for the car and using the deposit I have already as a mortgage deposit....this is effectively like getting a loan for the remaining deposit. I can afford the monthly repayments of the personal loan and the mortgage. Would this effect the interest rates much or the amounts that I…
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mortgage dilemna
Hi all i have a joint mortgage with my nan on the house which is ex council house and where i used to live. I have always paid the mortgage and always will. Could i change the mortgage and deeds solely into my name, my nan will still live there rent free, she has no problem with this, just wondering is it straightforward…
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Financial status question - can we switch away from Accord?
We have been with Accord Mortgages for 4+ years and two products with the latest having 18 months to run. We started as Self-Certification customers but we now have it in black and white from Accord that they will be treating us as full status prospects for the purposes of any future product with them. I anticipate that,…
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Can I remortgage / borrow on joint mortgage
Hello, If one was on a joint mortgage (50/50) would one be able to borrow and/or remortgage their share of the property without the others permission? I.e. if one refused to sell to the other could the other just borrow on the half they already own or would both parties need to sign on the dotted line so to speak. J
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Debt after Death
A married couple jointly own a house. A mortgage is outstanding on the property but there is £100,000 of equity. The man has £30,000 of debt, all of it unsecured, all of it solely in his name. The man dies. Does his widow have to sell the house to pay off his debts now that she is the sole owner of the property?
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Mortgage Question for a Novice
Hi apologies if this is a stupid question - I think I know the answer but would just like some confirmation!! I currently have a new build property that I own 100% but have a second charge on for 20% of the property (ie a builders interest free loan for 10 years) and the rest is mortgaged in my name. I have checked with…
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equity release or mortgage
This is my first post on here so firstly i would like to say hi to everybody I own a property and have no mortgage, we are looking at having extensive work done on the house, my question is as im very new at this is it better to get a mortgage or Equity release, or is there no difference. And the best place to go for…
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mortage drawn down and WTC
hi does anyone know anything at all about taking an extra amount on your mortgage (to purchase a property) and how it might affect a claim for working tax credit.? thanks molly
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Shared Mortgage - Legal advice?
Where do I stand legally? Since my wife and I split, I pay the full monthly mortgage and secured loan on our property. She has refused to pay a penny since March/April. We now both live in seperate rented flats and the property has been on the market since we split. There is no equity in the house. I have dropped the…
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Remortgaging LTV query
Hi, When remortgaging, is the LTV calculated with the price you bought the house for, or the current market price of your house?? I have the feeling it must be the current market value? Thanks Xinpei
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joint ownership or tennants in common?
Please help! Just taken out a mortgage in joint names with my partner of 1 year. I'm footing the deposit of 16K and I've agreed that when we sell, my partner can pay me back half = 8K, assuming that we are still on friendly terms if we should ever decide to go separate ways. I understand that under 'Joint Ownership' the…
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Nearly time to remortgage
Does anyone know if mortgage lenders require completion certificates if you have had building work done?
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Two questions regarding income multipliers
I'd be interested in having answers to the following. Before applying whatever multiplier(s) they use: 1. Is pension income from e.g. private or professional pension considered by lenders as the gross amount or net of any tax which an individual's circumstances may inflict on it? 2. Will lenders accept rent from property,…
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1st Time Buyer ...Help
Hi I would like some advice, I got a mortgage promise from the Halifax for 92k and I saw a property and the offer got accepted at 89k I have a 10% deposit The property is a flat on lease hold with 99 years left on the lease, the estate agent advised me to go see their financial advisor who said they could get be a better…
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Mortgage Adviser News-revised qualification and new mortgage adviser types proposed
The Financial Services Authority plans to require all mortgage advisers to hold a level three qualification and will apply the 'independent' and 'restricted' labels to all mortgage firms. The FSA has outlined a series of requirements for advisers in its consultation paper on the mortgage market review. The proposals…
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Nationwide mortgages - how quick?
I've applied for a mortgage with Nationwide and just wondered if anyone has any idea how long these things usually take. I realise it is a how long is a piece of string question but thought someone may have used them recently. The property I am buying is a repo so I am hoping the broker pushes it through and keeps on to of…
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Moving-two possible Mortgage Offers-Help!
Hi All, we've sold our house and had a mortgage meeting and would appreciate everyones help with the following conundrum! We have 87K on a fixed rate at 5.28% with just over a year to run. We are looking to borrow another 80K, we have two options:- Option 1: keep 87K on existing deal at 5.28% with just over year to run,…
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Please help us ASAP :(
Thanks alot guys, hopefully we'll get it sorted