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Capital Gains Tax on second property
My wife and I have a second property that we presently rent out. I believe that in the event of us separating, if one of us should use the property for a certain period of time as their main residence, we can avoid CGT on the property should we then need to sell it. Am I correct, and what is the period of time? Any advice…
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Remortgaging
Hi all, I'm looking for some advise really. My wife is starting university mid September and I want to change my mortgage and see what I can do with a loan I have. I have no redemption penalties to pay and my mortgage is with the Halifax and interest is worked out yearly. I took out this mortgage in 2001 for 25 years. The…
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where to get a mortgage
hope someone can help - where to start :( I'm a single parent, 2 kids aged 17 and 14 both still at school. I work part time and my salary is £10000 per annum. I receive WTC and CTC of £5000 per annum and child benefit of approx £100 per month. I live in Northern Ireland and bought my detached bungalow in March 2001 and…
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Mortgage or loan for asset rich, cash poor?
Hi, Not sure if this should be posted under mortgages or loans. My 72-year-old mother has a flat worth around £60000. She needs to spend around £3000 on chimney repairs and to have a low-maintenance garden designed. What is the best way for her to borrow this sum? Would she be offered a secured loan or a mortgage (I can…
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ENDOWMENT COMPENSATION
my mother in law has just been offered compensation for a mis sold endow. she is retired and the endowment went well (13 yrs) into her retirement the compensation amounts to premiums paid plus intrest but no additional compensation for the mis selling and anguish is there any point in persuing this with the ombudsman? she…
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Advice buying abroad?
Ok i have a house in the UK with a mortgage of £88,500 the house is worth about £120,000, So £31,000 equity i would like to use some of this to purchase a property abroad can anyone advise me of whats available to me, any info please..
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getting a mortgage if you are on St. Benfts
Please could anyone help with my dilemma. I work FT and my wife is on DLA and Incapacity Benefit plus she recives a small ill health retirement pension. Does anyone know of a mortgage co. which would take her Benefits into account when looking at our income to offer us a motgage? Otherwise we cannot raise a big enough…
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Q- If Houses Crash- Mortgage them or Rent Them?
One thing is certain for the future: Everybody will need a place to live- housing crash or none. Here is my theory, its based only on my circumstances, and my financial situation...so this is open to debate (once again) before it can apply to the majority of people- or indeed before its proven as a failsafe option…
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Surrender value going down? - it gets worse
Can anyone advise? I got an (25 year, with profits) endowment mortgage 11 years ago. In Sept 02 (when I knew I would be selling), I got a surrender value of approx £4,000. I'd paid about £3,800 in premiums, and it had earned bonuses of about £3,000. I was told I couldn't freeze the policy when the house was sold, and…
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Mortgage change and Tax
Hi, Our current mortgage deal is about to expire (Alliance & Leicester) and we wish to move to Nationwide. We have already secured a deal (5.19% fixed for 2 years) by submitting a cheque covering the setup fees. Our problem is that our mortgage is a guarantor type mortgage (I'm the guarantor for my wife). When we bought…
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Shared ownership
Mortgage and housing experts... what are your views on them? My mate who i rent off is looking to move and find a bigger place but he weill have to sell the house i live in to be able to. Would you reccomend a shared ownership for a first time buyer or advice against them?
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Help with some mortgage sums needed please!
Can someone help me here. I have being the sums on this little teaser but I can't work out the answers. Ok- here's the situation: I have a £67,000 mortgage that I took out in June 2003. It has a term for 10 years. It is repayment (ie capital + interest). I have 3 years fixed at whatever - therefore I am just ober a year…
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95% Mortgage plus 25K Loan???
Hi all, First post so please be gentle! I am going to be as open and honest as I can, and I do need some help. I am 28, live at home (yes i know) earn good money £34k/yr and have loans of £25K, this is due to two reasons, ex girlfriend did me over for £15k and £10k on a pilots course for me, I just had to do it! So now I…
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Interest only mortgage to save and buy house no2
I want to get an interest only mortgage on my one bedroom in london flat (mortgage 146k) - so I can save a desposit in order to move out of london, and buy another flat which I will live in and then rent out the flat in london. The idea being is to keep the london flat for ever, so I have an investment for when I retire.…
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Property Investor Required
I am looking for a property investor to join me on a renovation and conversion project. Does anyone know where I can post for one?
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Temping - need mortgage advice
Hi, am in a real situation and need some advice quickly. If anyone can help I would be more than grateful. I currently have a 60 grand mortgage on a property valued at £125,000. I left my job in Dec 03, went self employed, have now gone back into work but I am working through a temp agency for 3 months before I sign my…
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stamp duty
I know that when buying a house etc below £60,000,there is no stamp duty,so when buying one for say £65,000 what would the duty be?Is it per 1k,or is it in bands?
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Become a landowner for peanuts!
Hi, A while back a friend of mine told me of a way of becoming a landowner for almost next to nothing. He got this from a book you can buy (not Martin's - sorry!). I may not have the facts all straight but it goes something like this. 1. Find a pice of land that you "assume" to be council owned or derelict. 2. Spend a…
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mortgage advice needed
we are in need of some advice regarding our mortgage. we have a joint mortgage with the dunfermline bs and are free as of now to change.we have a £63,000 endowment mortgage with 10 years left to run and currently pay £390 (6.49%) which is the best mortgage for us? repayment or interest only?do we pay extra into it per…
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Assured Shorthold Tenancy Agreement
Hi everyone I was hoping someone might be able to e-mail me an 'Assured Shorthold Tenancy Agreement - for letting a residential dwelling house' PDF document. Can anyone help? kind regards Alex