Author Topic: Mortgage Escrow account  (Read 1334 times)

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Margo

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Re: Mortgage Escrow account
« Reply #15 on: June 05, 2014, 04:42:14 PM »
you just revert to your lender's standard variable rate. At the moment, interest rates are both low and stable, so being on the SVR isn't necessarily a bad thing.

Snooks

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Re: Mortgage Escrow account
« Reply #16 on: June 08, 2014, 11:54:59 AM »
I don't think council tax is equivalent to property taxes because the resident not the owner is responsible for council tax.

paintpots

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Re: Mortgage Escrow account
« Reply #17 on: June 09, 2014, 07:26:35 AM »
Do you have anything like stamp duty? In the UK over a certain threshold, you have to pay stamp duty tax, which is a percentage of the purchase price (e.g. 1% on properties 125k 250k, 3% 250k - 500k etc.). It's a one off fee which you have to pay on completion.