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how to calcualte endowment compensation
i have recently received info from abbey national that i am to receive compensation for endowment mis-selling, which is great after what seems like ages to finally get something even though its only 3,618.35 quid, its better than nothing, plus i have been offered 7,698 to cash in the endowment as well. Ive looked through…
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Remortgage to get money to train as a pilot!
Hi, I need some help if anyone out there is kind enough! Basically I want to remortgage my house to pay for a Commercial pilots licence. I need £20,000. I currently own 75% of my house. (the other 25% is owned by a housing association.) I have an outstanding mortgage of £74000 and my share is worth about £104,000 or more…
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Mortgage Question For Mortgage Man & Payless
Hi, Myself and my boyfriend have just had an offer accepted on a new flat and are about to sign off our Mortgage. Before we complete our Mortgage applicant, we would like to know if you know of any better deals with any mortgage lenders? My boyfriend has just started a new job and is on the standard 6 month probation which…
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Endowment novice seeks help... please!
Hi, My first post here and I hope someone can help. I’m a member of HM Forces (ARMY) and currently …….. ‘abroad’ shall we say. I have no access to a financial advisor where I am and won’t have for quite some time! So I’m looking for some advice from here please. When I was new to my job I started a couple of investments…
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Offset Mortgage Vs Savings
Question ??? Is it better to keep savings to reduce offset Mortgage or is it better to pay off a chunk of Mortgage with the savings??? ok addition to post Mortgage £44k Savings £10K
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remortgagingat end december. please help
Hi there need some advise here. We are currently on a 4.8% fixed rate mortgage with the halifax and the special rate ends on 31/12/04 and goes up to 6.75% variable. We are currently paying £293 per month on a £50400 mortgage. The amount we have left to pay is £49007 and our house is worth 95000. We will have been on the…
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THe FSA and Mortgage Brokers
The FSA is to regulate Mortgage Brokers. The IDD, Initial Disclosure Document, will tell you what fees the broker charges. The broker can claim to be "Whole of Market" , i.e. To choose from the whole marketplace, even though he does not choose from the whole of the marketplace. If the broker uses a panel he is not obliged…
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Clerical Medical Endowment policies
I had the misfortune of taking out a low cost with profits Clercial Medical endowment policy in 1989. I have been paying in £600 a year for the last 15 years and up until the last 2 or 3 years, received reversionary bonuses of between £300-£400 per year. Last years bonus was less than £200. This is supposed to be clearing…
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New A & L 5 Year Fixed Rate 4.99%
Alliance and Leicester have launched a new 5 years fixed rate mortgage off 4.99%. 10% overpayment allowed 95% LTV £395 arrangements fee There are some downsides 6 months interest early redemption payment and interest is calculated monthly not daily. A good deal if you need to be certain of mortgage payments. Newcastle…
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Is my endownment under performing badly
Hi everyone, Recently doing a review of my finances and wonder whether my endownment policy is under performing. I took it out in 1997 to pay for a mortgage (bad move), but changed to a repayment mortgage some years ago and decided to keep the endownment going to earn me a few bob after 25 years. I have compared, what I…
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Discount code for property information
Hi everyone, My pc has a link straight to the "discount codes" forum and I totally missed this property forum until now. If anyone is interested in property investing/buy-to-let, then I have a discount which gives you 50% off the normal price of subscription for a well know property website: aa1 The website is…
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advice on releasing equity in property please
Hi all Please be kind as this is my first posting and my heads throbbing with searching the site for an answer. Situation is: My parents (both mid fifties) own a property, no mortgage on it and last valued at 100,000. My father is now disabled and they live on benefits and my mother has a small part time job, but they…
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What are my Remortgage Options
Hi All, found this site after purchasing the Money Diet book. Which I am steadily working through. I am looking to re-mortgage to save some money but have the following dilema. Since Purchasing my house with my partner 3 years ago we have both been made redundant, have new lower paid jobs and now have a baby. Our Income…
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> Mortgage tart < Wanna help?
I'm the defacto Mortgage tart and I thought it'd be fun to tart it in public this time. Just after Christmas my current discount runs out, it's an intrest only BOE base -0.75%(IIRC) for 2 years without overhang. It's saved me about £150-200 a month over the last 2 years. I'm happy to surf the discounts every 2 years so can…
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First Time Buyer Help !
Hi i am a first time buyer and could do with some help/advice. Me and my partner are looking to purchase a house for 49,000 but it needs a lot of work doing to it ie. central heating, damp proofing, double glazing. So we were looking to take out an extra 10,000 - 15,000 on the mortgage but we were told we couldn't do this.…
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Get out your crystal balls
I read a report last night on Teletext that the BOE thinks that interest rates may have peaked. What does everybody else think will happen in the next couple of years? Do you think rates will go up more and if so how far? Do you think rates will stabilise at their current rate? Do you think rates will fall again and if so…
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mortgage for defective property
Hi i have a bad credit rating and want to buy my council flat the problem is that its classed as defective, being of cornish build, its a lease hold, will it be possible to get a mortgage on it. any advice much appreciated.
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remortgage HELP
I am not very good with money but what I have I try and keep hold of. I am self employed (self Cert) had a 3 year fixed rate mortgage which finishes end of this month. Its for £57,204 I want to borrow 8 to 10,000 more for house improvements. I bought the house for £70,000 houses in the road now worth £150,000. My mortgage…
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Buy to Let and protecting existing Mortgage
We are considering buying a 3 bed semi detatched house on a buy to let investment basis. The property is worth 118000 to us as it needs attention, and will require a spend in the region of 12000 to bring it up to a suitable standard. We are searching for an arrangement whereby the current mortgage on our home (valued at…
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Group mortgage
Hi Can anyone help me on this matter? I obviously know about mortgages and joint mortgages between couples etc, but is such a thing as a group mortgage possible. It might seem like a strange scenario but i was wondering what income the mortgage lender would take into account if say 5 people wanted to club together and buy…
