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23 yr old....wants to buy own place.
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What do housebuyers have to pay into to secure the mortgage if buyer dies?.....we had an endowment...later a PEP.....we ended up with a shortfall!0
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I also understand your sentiment about the cart before the horse ... but if he had left it till after he went travelling he may have come back to much higher house prices ... this way he got a good house at a cheap price
Given what has happened to house-prices over the last five years, I find this a ludicrous assertion. He could very well have come back to the UK and found prices 20% lower. That could be a lot of mortgage-interest, council tax, utility charges, repairs and maintenance costs down the drain. But my crystal-ball isn't working so well right now.0 -
Hi...with a repayment type mort. does he have to pay into a savings plan to pay mort. off at term ( as in an interest only type) ?
would a mortgage broker be a good idea ?....independant?0
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