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My daughter is wanting to move home. She has an existing mortgage on her flat. She has seen a fixed price house she really likes and would like to buy it before it goes. I have told her I can help with the deposit until she gets her flat sold.
She contacted...
Started by borders on
, 15 posts
by 5 people.
Answer Snippets (Read the full thread at moneysavingexpert):
I did consider buying her flat to let....
I thought if both the mortgages met their requirements matched.
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Some interesting facts and figures (from a survey on debt and deleveraging just published by the McKinsey Global Institute - see link below) on the great 'pretend and extend' policy scam, which, in addition to shafting savers with negative interest rates...
Started by detached on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at housepricecrash):
What I would really love....
Moreover, around two-thirds of UK mortgages have floating interest rates, which
may create distress if interest rates reminder.
A
similar level of mortgages in some degree of difficulty as in the United States .
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Possible Funds Coming Your Way - Underwater & Foreclosed Mortgages
Man this would be a big boost for my finances if I'm in the settlement pool - and would help many of you as well.
I'm about $15,000 underwater - and imagine many are worse off than we ...
Started by DaYooperASBDT on
, 21 posts
by 8 people.
Answer Snippets (Read the full thread at motownsports):
Who is actually getting the money in this? If the banks did wrong and home owners got hurt getting the money in this? If the banks did wrong and home owners got hurt by it, then yeah...that is enough." Is the purpose to make it easier for....
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Ask your Facebook Friends
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60 Million Mortgages Potentially Off The Hook
Quote: :
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan...
Answer Snippets (Read the full thread at warcraft):
Deficiency judgments to realize that....
Statute of Fraud and all that.
CMHC the original notes, just the assignments of mortgages.
This money goes into a big pool and is used to guarantee mortgages.
Of the purchase price of your home.
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In 1998 mortgages were typically 3 times main income plus one times second.
Average wage was £17k, count £9k for second income = 3 x £17k plus 1 x £9k = £60k
The average house was £60k.
Since then banks have persuaded people to take on more debt because...
Started by Democorruptcy on
, 15 posts
by 12 people.
Answer Snippets (Read the full thread at housepricecrash):
Is there any identifiable benefit to anyone other than to those who make money from lending? Always mortgages were typically 3 times....
Income mortgages become the norm, anyone aspiring to a middle class existence needs two incomes.
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AFAIK at least 40pc of mortgages outstanding against UK domestic property are interest only, with nary a repayment vehicle in sight.
Santander is now insisting that prospective home owners need at least 50% down if they want an interest-only mortgage....
Started by zugzwang on
, 15 posts
by 11 people.
Answer Snippets (Read the full thread at housepricecrash):
The chart is saying that 33% of all mortgages in 2008 were IO with an IO with no formal replayment vehicle....
Zugzwang, on 08 February 2012 - 04:18 PM, said:
AFAIK at least 40pc of mortgages outstanding, on 08 February 2012 - 04:52 PM, said:
No.
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Hello.
What is needed to qualify for offset mortgages? Are the LTV's (and income multipliers) similar to other residential mortgages?
What lenders are best for offset mortgages at the moment?
Many thanks!
Started by Ray111 on
, 8 posts
by 6 people.
Answer Snippets (Read the full thread at landlordzone):
Http://www.independent.co.uk/money/s...s-2370893.html Good article.
Some unbiased advice re offset mortgages - especially about eligibility, income multiples etc so, I hope it is of some use to you.
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Guys,
I'm looking to get onto the property ladder, but I have zero deposit, and realise 100% mortgages are a thing of the past. The only thing that makes my situation (slightly) different to many others in the same boat as me, is that I've now secured...
Started by jpowell79 on
, 20 posts
by 13 people.
Answer Snippets (Read the full thread at moneysavingexpert):
Interest payments on mortgages are equally as dead to £22,500 in RENT for....
money argument.
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This comes up from time to time on askaboutmoney so I am compiling all the information in the one Key Post and hope to keep it updated if the situation change
Some people claim that the lenders are doing deals
Here are some of the claims on askaboutmoney...
Started by Brendan Burgess on
, 20 posts
by 12 people.
Answer Snippets (Read the full thread at askaboutmoney):
I would guess that a borrower who has money Bank are offering discounts to pay off trackers early?
I have recently come in to some money, so we've put the money in an An Post....
They will presumably sell them at a fairly big haircut .
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If you haven't already heard, BMO was the first to offer a 2.99 percent 5 yr. fixed mortgage and while this "sounds" fantastic, I urge people to carefully look at all the details ( especially if you're re-financing)
The POSITIVE side is: if it's your ...
Started by MortgageQueen on
, 15 posts
by 7 people.
Answer Snippets (Read the full thread at smartcanucks):
If you break these....
What do you.
They would need to make sure that they have money to cover emergencies and bills before paying extra that they have money to cover emergencies and bills before paying extra on the mortgage, IMHO.
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