How much of a mortgage can I afford?
Q Could you tell me what price of house I can afford for ?1,000 a month repayment? I would require a 100% mortgage, if there is such a thing.
PN
A I can't I'm afraid b...
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Mortgage endowment customers hit as Standard cuts bonuses
Standard Life has dealt its 2.4 million with-profits policyholders a fresh blow by cutting payouts by an average of 7%, slashing bonuses and warning more bad news is to c...
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Rise in mortgages is a false dawn, say experts
A recovery in the housing market remains months away, despite the first increase in the number of new mortgage approvals for seven months, City economists said last night...
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Mortgage lending 'crept up' in December
Mortgage lending increased slightly in December with the first rise in the number of loans approved since May, according to figures published today from the Bank of Engla...
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Bargains galore as offers flood mortgage market
Mortgage deals are looking attractive following a quiet period at the end of last year. But advisers are warning borrowers to watch out for hefty fees, which may make the...
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Mortgage providers still using confusion tactics
Endowment mortgage providers are still attempting to bamboozle customers who complain of being mis-sold by using arcane language and giving disingenuous responses, warns ...
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Mortgage lending drops by 38%
The number of mortgages approved for people buying homes dropped by 38% in December, compared to the same month a year earlier, figures from the British Bankers' Associat...
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Should I get a mortgage or a loan?
Q I'm looking at sorting out our debt as I'm planning to retrain as a teacher. This will mean a significant drop in our joint income so we're looking at ways of clearing ...
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First rise in mortgage arrears since 1998
Further evidence that the housing market is faltering emerged yesterday when the Council of Mortgage Lenders said the number of homeowners who had fallen behind with thei...
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Do you need UK citizenship to get a mortgage?
Q I am a UK citizen and my wife is a Filipino citizen who is on a spouse visa which allows her to live and work in the UK. Currently this visa is scheduled for one more y...
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Mortgage lending 'remains sluggish
Borrowing on mortgages is still subdued, while people are saving the highest amount since 1997, according to figures released today.
Mortgage lending grew by ?5.7bn in ...
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How do I get out of a shared mortgage?
Q I have a joint mortgage with two other people - we have an equal share each and all live in the property. I would like to leave in the next six months and need my shar...
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42-inch plasma TV - comes with mortgage attached
It is not unusual for lenders to throw in extras to entice borrowers to take out their mortgages, but yesterday saw the launch of the first home loan to come with a free ...
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Will my mis-selling claim fail if I clear my mortgage?
Q I am currently pursuing a claim for endowment mis-selling. Will it jeopardise my chances of winning compensation if I use my savings to clear the mortgage?
MC
A A...
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Buyer beware of 130% mortgages
Consumers were warned today to be wary of a new mortgage deal which allows people to borrow 130% of the value of their home.
Max 130 has been launched by Mortgage Expre...
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Should I use my savings to clear my mortgage?
Q I have a repayment mortgage with Bradford & Bingley with an outstanding balance of ?45,000 on a one-bedroom flat worth approximately ?180,000, and savings of around ?60...
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Should I use my pension to reduce my mortgage?
Q I will be made redundant in January. I am 54 and married, and have a ?57,000 mortgage. ?20,000 of this is a repayment mortgage and ?37,000 is an endowment with a short...
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Mortgage lending at lowest for 10 years
Mortgage lending fell to its lowest level in almost a decade in November and is dropping faster than during the housing market crash of the early 90s, official figures sh...
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FSA urged to act over 'risky' mortgages
Mortgage lenders must ensure that borrowers taking out 'self-certified' home loans, where no proof of income is required, are not putting themselves at risk by exaggerati...
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Help - I need a new mortgage
Q I have just finished a seven-year tie-in mortgage with Britannia (never again). During this time I divorced and am now looking for a mortgage with a fixed rate over two...
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Gloomy forecast for 2005 as mortgage approvals slump
The British Bankers' Association today gave further evidence, if it were needed, of a creaking property market. The number of mortgages approved for people buying propert...
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Can I escape an early repayment mortgage penalty?
Q As I have recently become a single mother I have just sold my house in Edinburgh to return to live with my mother, partly for financial reasons.
The mortgage I took...
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Can I get a decent shared ownership mortgage?
Q I am the proud owner of a 50% shared ownership property in Cambridge, the other 50% being owned by a local housing association. I've lived there for nearly two and a...
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Can the Halifax change my mortgage terms?
Q In 1993 I took out a 25-year mortgage with the Halifax for ?43,500. Initially it was an endowment mortgage but I changed to repayment around 1996.
From 1995, I was ma...
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Rent outstrips mortgage costs in many areas
Renting an "affordable" home from a housing association is more expensive than buying one of your own in 13 areas of the country, according to new official figures.
In s...
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How can I get a mortgage at 80?
Q I am a life tenant in the house of my late wife who died at the end of last year. I turned 80 last July and have found quite recently that, although I have good neighbo...
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Should I buy a house with cash or a mortgage?
Q I am due to inherit a large sum of money in the near future. I am also
looking to purchase a house. Should I use the capital to buy the house or invest the money and a...
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Mortgage lenders push ministers for extra housing help
The government could help five times as many people as it currently assists to own their own home by backing a new loan scheme being devised by lenders, it was claimed to...
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Mortgage approval falls 35%
The number of mortgages approved by banks fell again last month amid continuing concern about the property market, according to new data yesterday.
But buy-to-let mortg...
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Weak market fuels mortgage competition
Homeowners are taking advantage of the slowing property market to negotiate better deals with lenders as competition in the mortgage market intensifies, the British Banke...
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