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Equity release surveyors!
I will try to keep this very short! Two years ago we applied for equity release and a surveyor was sent to value the house. He stayed for an hour, asked us what we wanted and took photos of inside the property and the garden. He commented that we were on an acre plot. The property was valued at £365,000 We had the…
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HMRC and loan agreements
Does HMRC accept loan agreements from templates that you can download from the internet, if, say, the signatures are witnessed by a solicitor? My sister and I want to lend our Dad £180,000 to fully buy out the proportion of a property he's currently renting until he sells his main home. We need to prove it's a loan so we…
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Borrow against German property
Hello, I have a property in Germany and live in the uk. Does anyone know if it’s possible to realise equity or borrow against this property from the UK? Thanks Lee
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Unlikely to get a loan despite excellent credit and no debts
Hi all, I am looking to take a personal loan out to buy a car (£8k). My aim is to fully own in 24 months. I earn £55k pa, and have no debts. My wife earns 22k and has no debts. I pay off a credit card each money - it’s never more then £200 and it’s to accrue points. I tried to take a loan out and was shown as unlikely. I…
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Loan after mortgage
Hello everyone hope your all well, I have just completed this week and got my keys on Tuesday , I was wondering how long I should wait to apply for credit ? I’ve seen this present I want to get on goldsmiths which is with v12 finance group , and was just wondering when I should apply for it ? It’s £5500 in credit , but…
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New car? it's a lot of money....
Hi, so I start a new job next week and should be able to save around £800 per month?! I'm thinking, should I buy a car.... Then I thought, a bank loan would probably be best as then I'd own the car and would be able to sell it if I lost my job and pay the loan off I'm a bit scared as I'm thinking about borrowing £25000…
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Student loan - other dependents
Re posted as there seems to be more traffic here I'm trying to understand how student maintenance loans will work in my circumstances, Currently my partner is in yr 2 of a 4 yr degree course and get the maximum loan, in part to my income and him having children - happy with that. Next academic year child 1 starts uni,…
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Student Loans / Parental Contribution
As parents we work hard to support our children and then if lucky enough, they get into University and we still have to contribute once they are adults. Has anyone ever asked why this contribution that we have to make is not taken off before we pay our income tax or national insurance contributions?
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Sainsbury’s Loans system change
Hi everyone, I want to get peoples advice/experience/opinions on whether my recent experience of requesting a settlement for my Sainsbury’s loan taken out in 2016. It’s a bit complicated so bear with me. I borrowed £10,000 and was offered the loan with £3500 interest which I agreed to and then started making monthly…
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Loan settlement figure much higher than original amount - surely can’t be right?
Hi everyone - apologies for the clickbaity title but hoping you can help! This all looks a bit fishy to me but I could be totally wrong. So I’ve been quoted an early loan resettlement from Hitachi which is much higher than the initial loan was taken out for. I’ve fallen foul of the ‘buy now pay later’ element I think. So…
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Home Improvements
Hi, I own my property outright and would like to make some home improvements - at present, I've been saving and then doing 1 thing a year - however they have been minor costs. The improvements I am now looking at are going to cost approximately 15k-20k. Firstly - I am over paying on my debts and should be debt free within…
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The Government will at last tell students in England about the university ‘parental contribution’
The universities minister for England has agreed to MoneySavingExpert.com founder, Martin Lewis’s, call to be upfront with students that their living loans are reduced – often by £1,000s – due to family income, and parents may need to fill the gap... Read the full story: The Government will at last tell students in England…
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Santander loan high interest rate
Hello, I have a Santander loan which is £2250 over a period of two years. When I applied the interest rate being advertised was 17% but I'm actually paying 24.9%! Can anyone advise me on why it's so high? I've been with santander for twenty years but also have had two previous loans with them. I have never missed a payment…
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Car finance voluntary termination and covid payment break, help please!
Hey, Just looking for some advice prior to contacting the finance company (money barn). Recently voluntarily terminated a vehicle as more than half of the balance was paid. Car was in immaculate condition and had less millage than expected. Car was collected and all seemed well. I've now received a bill through the door…
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Struggling to get help from Moneyboat after making them aware of impending redundancy
I made a terrible mistake of taking out a Moneyboat pay day loan a couple of months ago. My credit is fairly poor and it was my only option at a time that I thought my job was stable, meaning I thought the loan was affordable. My credit is poor due to historic debt, but had been improving until last July when I was made…
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PCP Car Finance Mis-selling
Recently commenced an enquiry on PCP mis-selling, 'owned' a certain German manufacturer's car since 2007 renewing every 3-4 yrs on PCP which always bothered me in terms of charges, mileage etc. I have been told that I am owed aprox. £13k on 2 agreements (you can only go back a certain time) which are made up of 1. unfair…
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What's the best thing to do with redundancy money?
I have a car loan of just over £10000 but also really want to buy a house. My redundancy is nearly £21000. Should I pay off my car loan which finishes in 3 years or keep the money for a bigger deposit on a house?
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Credit Score Causing Problems
Hi folks, So I need some help with my credit score via Experian its classed as 'Fair' and as such I cannot get a loan anywhere - no matter how small and its insane - I'm pitching for £5k. I have more than I want to borrow spread across various bank accounts (all with Halifax) but I'd rather have that money work for me and…
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Recommended guarantor loan - something like Amigo Loans?
My son (25) has always been self employed and never had a credit card or any sort of loan.He now needs a loan of circa £6,000 for musical related equipment - not work related (yet!)I know amigo loans offered a service where a parent/friend could be the counter signatory on a loan and this helps him establish a credit…
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Santander Loan
Last month I requested my settlement figure and than paid the figure I was told. My account showed zero left to pay and I have been waiting for the account to close. I logged in today and it still hasn’t closed but my settlement figure has now stated to show a figure again. Has anyone else experienced this