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cash in endownments to reduce mortgage or hold off
I have 2 endownments cash in value 10k i don't know whether to cash in and reduce mortgage or keep up. The original is from 1989-2014 and was low start with cash in value of approx 6k the other was flex mort plan currently running for 7 years and company has offered 5k as settlement deal as was missold. I don't know…
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buying house in devon... HELP!
hi guys, im just about to buy a flat in devon for £134k, im morgaged up to the hilt and having to borrow money off my mum and dad. what i want to know is am i doing the right thing? should i wait for a year or two. devon's not like other places as people are always wanting to move down here so teh housing markets always…
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short term mortgage
hi, is there such a thing as a short term mortgage (not a bridging loan)? i want to borrow 60k over 25 years. i want it over 25 years and interest only because i want to keep the monthly payments low i also want a mortgage with no redemption penalties. The reason i want a mortgage with these criteria is that i want to use…
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Inheritance tax
A hypothetical here....... well, OK, not that hypothetical... Parent has property (scotland) worth about £500k, two children. How much inheritance tax would they pay?? ??? Is it a case of halving the total (£250k) to each child, then pay the tax on the inherited amount? OR :-/ Is it a case of the total amount taxed then…
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Best way of buying 2nd home?
(ignore - incorrect)
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Lost First Time Buyer!
I don't get it, whenever you go onto a mortgage site they ask how much is the property that you want to buy! Well if I knew that I wouldn't need to ask anything ::) I am a single, first time buyer and haven't a clue how much I can afford to buy a house/flat, that's what I want the mortgage companies to tell me :P It seems…
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Help please
Hi all Im new to this forum so hello all ;D ;) I am after a bit of advice regarding getting a mortgage. I started my own Ltd company a couple of months ago as a joiner. I pay myself a small wage and want to buy our council house. The wage i pay myself is only £160 net a week. My wife is on incapacity benefit and we want to…
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Is this RBS offer a good deal?
I've received a leaflet from RBS - who I've never found competitive for any financial products in the past - offering what sounds like a good morgage deal. It's Discounted to 3.99% variable until August 2005 then 6.6% APR variable. Is that good? Many thanks
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Offset mortgages with "expense account"?
New to this board, so please bear with me if this has previously been addressed. Recently a broker tried to sell me a CAM mortgage with an expense account. I understand the benefits of taking out such a mortgage with respect to paying off the mortgage earlier etc. However they also made available a 0% expense account. This…
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can you offer advice
does anyone know how long I can have two residential mortgages for before I need to remove my name from one.
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first time buyer needs advice
I'm looking for help in that I have been offered my flat for £20,000 from the council (50 % off) and am needing advice on what mortgages would be best for me. I earn about 23K a year so was looking for maybe a 10 year mortgage for £25,000 ( 5000 for improvements ) is this what I should be thinking any help or advice much…
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Blackpool guest house/hotel - stamp duty?
Hi there Does anyone know please if this would be excempt from stamp duty? Thanks
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Holiday caravan with view to full time living.
We are both retired(on grounds of ill health) and currently live in and eligable to buy the council house. Of late, we have been tempted to buy it but have decided to wait for six months to monitor prices. However, by way of a diversion, we are tempted to buy a what some might say, is a luxury caravan in a holiday park,…
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Mobile homes/caravans
Having had a good old browse through the site, I haven't noticed any thread about purchasing either a holiday home ie caravan or park home for semi or permanent retirement. If anyone can push me in the right direction I'd apprciate it, as we are currently considering this.
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pls help! dunno where to start!
:-[ Ok, I hope someone will be able to hrlp me here! Hubby and I want to buy a small hotel or gueshouse in Blackpool! They go for about £120k, we have a 2 bed flat in Bucks to sell which we are getting valued Monday (we think its worth £120k) and we have a mortgage on it of £75k What next? is it a commercial mortgage we…
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Can I collect rent to pay a mortgage?
I currently live in a student house which my father owns outright. 3 other people live in the house with me year round. I would like to buy the house from my father but I am not sure what kind of mortgage I need. I have very little regular income but if I could collect the rent from the other 3 occupants I would have…
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Royal & Sun Alliance Sell off
Heelo All, I'm hoping somebody with more knowledge than me can point me in the right direction. Basically I have a with profits endowment policy 10 years old with 15 to go. It has a sum assured of 15k and with accumulated bonus' so far has reached 18k With the news that RSA has sold off its investment arm and newspaper…
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6.34% Rate for 10 year fixed
current fixed rate mortgage with the abbey is up end of this month. Just called them to inquire rate options they would have for us and they have offered a 10 year fixed rate of 6.34% with £199 booking fee. We have a 38,000 mortgage on a house worth £250,000 so lots of equity etc... Is this a good rate taking into account…
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formula to work out rebuilding costs?
somewhere on this site the question was asked how to work out rebuilding costs for home insurance anyone seen it or could advise.?
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US$LIBOR Rate Tracker Mortgage - 2 good 2b true
Am looking to remortage and have found a mortgage offered which tracks the us$ LIBOR + 1.99% until 31.10.09. Not sure what this means but it claims to be running at a current rate of 3.29% and I would guess that it will change as the US interest rates change. My house is currently valued at £300k and I can get a loan of…