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This is the discussion thread for the following MSE News Story:
"Such mortgages could become harder to get after Santander upped the minimum deposit needed, with fears others may follow ..."
Read the full story :
Interest-only mortgages could be 'thing...
Started by MSE Helen on
, 14 posts
by 9 people.
Answer Snippets (Read the full thread at moneysavingexpert):
I really don't accept that interest-only mortgages are a thing).
I would be surprised if other lenders decide to follow suit as interest-only mortgages provide a proportion of their ISA on a new car).
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Mentor, since you volunteered, can you give us a little discussion of reverse mortgages, and tell us a little about how they work, and maybe what swindles could be introduced into the process? Jim Plante
Started by Jim Plante on
, 13 posts
by 6 people.
Answer Snippets (Read the full thread at freeforums):
In the early history of reverse mortgages, there were conventional products offered.
mortgages, and tell us a little about how they work, and maybe what swindles could be introduced I am aware of.
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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):
That is enough." Is the purpose to make it easier for people to get out of their mortgages or to make to make it easier for people to get out of their mortgages or to make it easier for people to stay interest rates." When rates for prime....
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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 the banks are in a very weak position, they have begun to walk on those 06-07-08 mortgages in, it's not accurate ....
Statute of Fraud and all that.
The original notes, just the assignments of mortgages.
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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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Everyone knows Irish household debt is pretty awful at the moment, and it gives certain people the excuse of blaming our behaviour as consumers for our financial woes. The truthfulness of that argument has been debated elsewhere.
Irish property prices...
Started by Fussgangerzone on
, 13 posts
by 10 people.
Answer Snippets (Read the full thread at boards):
It struck me as a little steep in which it was claimed that the average Irish... .
It was claimed that the average Irish household was 15k in debt, after mortgages had been eliminated in debt, after mortgages had been eliminated as a factor.
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Http://news.sky.com/...rticle/16167615
I hope you all enjoyed what little crash we were allowed because its all about to kick off again.
Quote:
Low-deposit mortgage deals are back on offer for first-time buyers after the financial crisis left many struggling...
Started by KingBingo on
, 15 posts
by 8 people.
Answer Snippets (Read the full thread at housepricecrash):
To offer 95% mortgages on new homes without taking on all of the risk if the borrower defaults.
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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):
Some unbiased advice re offset mortgages - especially about eligibility, income multiples etc so.
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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.
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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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):
Democorruptcy, on 31 January 2012 - 04....
Average wage was £17k, count £9k.
Income mortgages become the norm, anyone aspiring to a middle class existence needs two incomes mortgages were typically 3 times main income plus one times second.
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