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Loan interest
Hi, If you needed 5k and the rate was e.g 5%, yet the rate for 15k was 3.5%, could you borrow 15k, put 10k in a savings account (such as Santander 123) at 3% interest and then you're only paying 3.5% on the 5k and 0.5% on the 10k. Would that work?
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Loan for deposit?
Hi, What are the risks, pros/cons around borrowing to increase the deposit for a mortgage? Circumstances in this instance are: We're currently saving for a deposit for a house at say 170k; currently got about 6k saved and trying to scramble together 10%, but not looking likely anytime soon so more realistic is to use the…
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Change loan
Hi, I have a personal loan with HSBC for a year now with an APR of 9.9% They changed my current account for the HSBC Advanced account and they offer new loan at 3.7% Is it possible to change loan? I am afraid to apply for a new loan to pay the old one but being refused and have my credit score changed. What is the best way…
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Help Please trying to finance mother
Hi I want to help my step mother to release some kind of finance for her. She is 84 She owns a bungalow valued about 200k. Has no mortgage and no debt. I have heard she may be able to get interest only loans. She is only looking at about 5k Can anybody advise how she should go about this. Many thanks in advance for any…
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Employment Status for Loan Application
Bit of a technical issue - I work through a limited company, of which I am the sole Director. I am an employee of that company and receive a salary plus dividends. The salary is very low £8k, but with dividends & other income, total income is around £52k. I need to apply for a personal loan of £10k, but unsure of what to…
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Loan in ex mother in laws name
Hi can anyone give some advice with this situation. In about 2001 I met my now ex wife. In 2002 My ex mother in law took out a loan of £5000 to help us try and get on the mortgage ladder. We couldn't get a mortgage so my ex mother in law said keep the money and build for the future, there was no written agreement between…
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Pcp car trouble. What are my rights?
I had a car which I part exchanged at a citroen dealership. They gave me 2k for my old car and a purchased a citroen ds3. having nothing but trouble with that car so many trips backwards and forwards they offered to put me into another citroen ds3 higher up model. I decided okay after I was fed up with the trouble. I now…
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Advice on best APR
Hey guys, Wonder if you can help? My partner and I bought a home together in December. We needed to do some work on the house (a lot of which I have done myself) but now need to get the builders in! Anyway, we wanted to get a loan of £10K to support this. The mortgage is with Santander so we applied with them about 2/3…
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Debt free:Moving to China
So as title says will be moving to china soon, no intention of comming back. I have no debt currently...But I have an evil genius idea. Since I got some time before i move out the UK....I was wondering If I for instance got as many payday loans and anythign else I could find below 10k before I leave.....and live in…
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Blackhorse Loan PPI Mis sold at Garage
Please help. . . I bought a motorbike at a private garage in 2004. . . The loan was through Blackhorse, and the PPI was sold as part of the loan agreement. . . I was mis sold the PPI at the garage, as I was told the PPI had to be taken out with the loan. . . When I complained to Blackhorse, they said they 'were not present…
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Apply or Wait???
Hi, I'm looking for some advice on when really would be the best time to Apply for an unsecured personal loan of between £20-£25,000. I've recently just had a mortgage offer from Nationwide for a new build property which is due to complete around October time the offer is valid until November. The property was £290,500 i…
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Equity Release - Misinformed
My mother took out an equity release loan to improve her home. A non profit middle organisation arranged the loan with an equity release loan company. The non profit organisation said that a government department would pay the interest on the loan as she received pension credit. They failed to say that the government…
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Returning from overseas
We are UK Citizens who have recently been overseas in New Zealand for 3 and 1/2 years. We kept the same UK bank account whilst abroad which we have now had for 10 years and the same UK credit card which we have had for 15 years. Before going to NZ we had a UK mortgage and excellent credit rating. I worked full time in NZ…
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PPI Mis-sold, Small claims court if FOS Say No??
Hi; I took out a loan with Loans.co.uk as the broker back in 2003. Usual stuff.... pushy sales over the phone, PPI added despite me having reservations about it, and the paperwork arrived next day via special delivery, with the box already ticked, and then sent back and money in account next day. Such an idiot that I was,…
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Will I stop my husband from getting a loan?
Hello, Can anyone answer my question?? If I have a high level of unsecured debt :(mad:30k) that I am paying regularly and am not in arrears but my husband isn't in debt apart for with one credit card. would it be best for him to apply for a personal loan of 8k himself? Would the bank check my file? We do have a mortgage…
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Better acceptance rating at different addresses?
Hello, I've been using the eligibility calculator to determine how likely I am to get a loan of £5000. I've been living at my current address, a rented property for 2 years now. I'm on the electoral role here, but I forgot to update my bank address until a few weeks ago. My previous address was my parent's where I lived…
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Consolidating ALL debts to Loan.
I am currently thinking of consolidating ALL debts to 1 single loan monthly payment, would this be possible not being a home owner. Although currently low income (looking for more work) I have a secure income. My debts are £6000 business loan 13% Personal Credit Card £4800 HSBC (£10K limit), £4200 Barclay (£10k limit) ,…
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loan or equity release or???
Hi all. My father in law inherited a bungalow about a year ago. It's worth 130...140k roughly. Been on the market 10 months isn't selling in its current condition. It needs 20k spending on it which is what he has been quoted go do it up. He's 69. What is the best way to get 20k if any please. It's mortgage free. Thanks
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No loans for disabled people....
Hi I am writing this rather than getting angry with the world. It would appear that this draconian government has now decided that people on DLA and Employment support are no longer able to take out a loan. 2 years ago these benefits could be taken into account not now LLoyds have informed me that these benefits can not be…
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Mis-Sold HP Agreement
Hello, Please can someone help? Approximately 10/11 years ago, I purchased a car from a local dealership under a HP agreement through Blackhorse. The car was not for me, but was purchased for a partner (now ex-partner) of mine. When we went ahead with the agreement, the sales advisor did know full well that the car was not…
