Mortgages & Endowments

A question about : Stamp Duty

Question for you all.

My parents house is currently for sale at Ј320,000. It is now out of contract with the estate agent.

Are they legally allowed to sell it to me for Ј249,995 and therefore leave me paying 1% stamp duty?

Finally would it be legal to give them a tax free gift (Ј10,000?) once a year for 7 years?

Any thoughts on doing this legally?

cheers

Mark

A question about : Abbey/Santander application

Is anyone else experiencing a delay to a decision on their mortgage application with Abbey/Santander?

A question about : MSE News: Mortgage blow as building society hikes SVR

This is the discussion thread for the following MSE News Story:

Skipton will up its standard rate by a whopping 1.45 percentage points from March, leading to huge repayment rises...

Read the full story:
Mortgage blow as building society hikes SVR

A question about : stateside tracker

is there many on this board who have a stateside tracker mortgage. I was considering skiptons stateside. my mortgage is small 52k, and I think the risk would maybe be worth taking. I would consider much more if my mortgage was much higher, in your expert opinion, what could the rates rise to, and do you think they will rise. I do not know the historical rates and I am asking for an educated guess I suppose.

regards

A question about : Direct Mortgage Solutions

Hi,
I trust this is the palce to have a good rant about the service I have had recently from a Mortgage Adviser.

The mortgage adviser concerned is:
Ray Skipper @ Direct Mortgage Solutions in Downham Market in Norfolk. (the owner of this so called 'mortgage 'solutions'

A question about : LIBOR still dropping...

There has been a bit of mild panic about good fixed rates drying up over the last week or two and I can't really see why.

It looks to me like the LIBOR is still dropping day by day, the economy is nowhere near recovery and we're probably not really seeing the full effects of the quantitative easing yet. Other than banks trying to push the idea of the best fixed rates disappearing...grab them quick, is there really any hard data to justify this idea?

RG

A question about : Bank of Ireland tracker mortgage % increase

A question about : MSE News: Thousands of Santander mortgage holders could get payouts after blunder

Santander failed to clearly notify 270,000 Abbey customers it was hiking the cap on their mortgage SVR in December 2008...

Read the full story:

Thousands of Santander mortgage holders could get payouts after blunder