lovemoney.com - Q&A - All questions http://www.lovemoney.com All questions from Q&A on lovemoney.com en-gb Copyright 2008-2014 lovemoney.com. All rights reserved. http://www.lovemoney.com/Images/Global/HeaderLogoOnWhite.gif lovemoney.com http://www.lovemoney.com 300 50 <![CDATA[Worth moving to interest only in a high capital growth area?]]> Hi guys.

My 2 year fixed repayment mortgage is about to about to come to an end, and we're putting our flat (in London) on the market (hoping to move to a slightly larger flat).

Now, I wanted to ask.

I've always looked at 25 year repayment mortgages, however, as we've enjoyed a nice boost in capital growth for our flat, I'm starting to wonder whether a longer term mortgage (30 years) alongside interest only is the way to go.

For instance, rather than spend a significant amount on monthly mortgage repayments. If we're confident that the property will at least hold it's value, if not rise by £20-£30k in two years, then isn't a 30 year mortgage the better bet?

The reason I ask is that the lower monthly repayments can then be invested in savings or other investments.

Am I mad to think this?

Or is there sense in trying to reduce my monthly mortgage payments to as little as possible, and then relying on capital growth?

(note: we'll stash any monthly savings).

Thanks again. I'll look forward to what the community have to say.

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<![CDATA[VAT for Boiler installation and annual service]]> I have installed a brand new combi boiler (Worcester Bosch Greenstar 25si) in 2012 and since then have serviced by paying an annual service charge to a local boiler installation and maintenance company. They have charged 20% VAT for the installation and for the annual service and I have the bills. Is it true that they should only charge 5% VAT rather than 20%. And If yes then what should I do now? What are my options to claim back the money? Should I also talk to HMRC or OFT or Citizen Advice Bureau etc.

Any advice will be appreciated. Thanks.

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<![CDATA[how much do one need to start a proprty bussiness]]> <![CDATA[What can I think about this company?]]> I have uploaded a legal document for translation at a certain company website. They sent me a quote with bank details having a specific name as a company name, ending with LTD. I searched this company name in two company registers, where it came up as dissolved. I have played a ping-pong with the person via e-mails who was ensuring me that they do trade and as a proof sent me a document for a company of the same name but with LIMITED at the end. These two companies showed up in the company registers next to each other, where the LIMITED is active (but their account was listed as dormant). This LIMITED one resides in Ireland, whereas I initially asked for the services in England. What is more, this LTD company appears in the document for the LIMITED one as c/o, with the same name of the director... now listed as dissolved, and this LTD also has an address in Ireland. For the address in London, which they have on their website, nothing comes up in any of the companies or the ICO register.

Moreover, the website where I found these services and contact in London has the copyrights up to year 2012, so nothing new that the ICO would not know about them for being a new thing.

None of these LTD or LIMITED companies appear in the register of ICO, despite they seem to operate with personal data of people (translating legal documents) - but I may be getting this detail wrong.

This is the first time I am dealing with such a thing and I may be overly suspicious and I certainly am confused by now, but I just want to avoid paying to someone who will not do the service for me as there are a lot of scammers that seem genuine on the first sight.

This company is offering me a very low quote in comparison to others, too, which just adds to my suspicion (£22 for one page whereas others priced it over £40 and one even over £70).

Can you help me out?

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<![CDATA[Wolf International]]> I received a personally addressed email from invest@wolfinternational.co.uk this morning offering 20% return on my investment. Company is Wolf International, a 5-month old recruitment agency based in London, run by 28-year old Matt Scott from Telford, who appears to have at least one failed company to his name already. Looks extremely dodgy to me?

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<![CDATA[Looking to buy a new 39-42 inch HD TV with a budget of £350. Any recommendations?]]> My old TV has broken down. I am looking to purchase a new HD TV within a budget of £350 but am a bit confused with all the technical terms like Smart, Freeview, 3D. So would be grateful if someone with knowledge could recommend.

Thanks

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<![CDATA[Should I move from a DB scheme to a DC scheme after the budget changes]]> I am 49 have been in my present DB scheme for 18 years, I have the chance to move to the new company DC scheme, would this be a good idea i light of the budget proposals to allow almost all the DC fund to be taken as a lump sum. My DB scheme costs me 14% company pay 13% and pays out at 1/60th, the DC scheme has a scale of payments the highest being 6% from employee matched by 12% from company.

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<![CDATA[Should I move from a DB scheme to a DC scheme after the budget changes]]> I am 49 have been in my present DB scheme for 18 years, I have the chance to move to the new company DC scheme, would this be a good idea i light of the budget proposals to allow almost all the DC fund to be taken as a lump sum. My DB scheme costs me 14% company pay 13% and pays out at 1/60th, the DC scheme has a scale of payments the highest being 6% from employee matched by 12% from company.

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<![CDATA[Buying off plan and mortgage risk]]> Hi,

We are a couple who are looking to buy off plan.

The concern we have is related to the mortgage borrowing.

From a deposit perspective we would be able to raise enough for a LTV of 72%

Targetting a mortgage of about 400k

Our concern is how likely we are to be able to get a mortgage for that amount:

our combined wage today is approx 74k

We have a 2 year old child.

if my wife went full time our combined wage would be approx 87k

The we have more than 1 and a half years before the property would be ready.

In that time we would sell our property and move in with relatives for no rent.

We have been flip flopping on this for ages as we are extremely uncertain about the mortgage lending situation.

According to brokers we speak to by todays criterias and future income, we should be able to borrow enough (subject to credit check etc)

But thats not something they can guarantee in 1-2 years time.

We are extremely confident the property will not go down in value, but just have a lack of confidence in terms of getting the mortgage approved when we will need it.

Any advice would be appreciated.

Thanks

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<![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]> <![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]> <![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]> <![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]> <![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]> <![CDATA[DPS Scheme my landlady only registered part of my deposit in 2009, 150 pounds was paid end of 2009 for balance shortfall of £500. the 150 was not reg]]>