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IFA Out of Business- Mortgage Compensation
I was sold an endowment policy in 1986 by and IFA. The company has since ceased trading. I feel I was mis-sold the endowment policy, but I cannot find any organisation to put my claim in against. Any advice?? BTW I live in Scotland. Joan
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Mortgage Question
Hello, I am hoping someone here can offer me some advice. I am a first time buyer and have at the moment got an mortgage promise thing from Nationwide (i.e. I pay £400 and they reserve the mortgage for me) Anyway the house that we were buying initially fell through but through some renegotiating we have managed to come to…
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New House... New Mortgage
Hello Money savers This is my first post on this site so hello everyone. I am in the process of moving at the moment. We have found the house we like and our's is up for sale. The house is a new build so we know the price. My situation is i'm a bit confused over the best route for me with my mix of mortgae and personal…
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Standard Life and Royal and Sun Endowments
Hello, this is my first post, although I visit the site regularly. I have just moved my mortgage to repayment (actually before I got the booklet that Martin wrote) and now have two endowments £15k each with Standard Life and Royal and Sun Alliance. Standard Life is 14 years into a 25 year period and is an "L with Profits"…
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Repayment Amount
Hi I cuurrently have a mortgage running at around 3.84% interest with monthly repayments of £1000. Can anyone tell me what my repayments would be if the interest rate went up to 5% ? I am looking for a ball park figure, doesn't have to be exact. The outstanding mortgage is £190 000. Cheers
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frustrations with mortgages and money
hi everyone i'm currently doing a research project into what people's frustrations are when they need to buy any type of financial services or take advice. i'd appreciate any feedback to a question: what are YOUR main frustrations when sourcing the right info for you? and could you describe the ideal service or source of…
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Endowment problem
We just got a letter today to say that your endowment is at high rish of not meeting the target amount. We have had letters like this before, although not high risk I don't think, and were told not to worry by the financial advisor. What can we do? We cannot really afford to put away a lot of money each month nor take out…
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direct line has changed my morgage! what can i do
when going with direct line for my morgage i purposly made sure that the morgage was portable as i intended moving. now they have changed all there morgages including mine to non portable. now i want to move im gona have to pay all the set up fees again either with direct line or another morgage company. have i any way to…
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mortgage subsidy new house
My sis is buying a new house from Barretts. As an incentive,they will subsidise her mortgage down to 3.99% (from a max of 5.5% i think). Can anyone suggest a good way of exploiting this?. She will need a mortgage of about 120k on a 175k house. I was thinking of a cashback mortgage .The subsidy is for 3 years. Any other…
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Overpayment??
I'm sure that this is a really dumb question, but here goes......... I have the option of making overpayments on my mortgage up to £500 per month. I have not considered doing this before as I wanted to put any 'spare' money into a savings account in case of emergencies. I am now happy with the amount I have in my savings…
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Getting a buy-to-let mortgage
I wish to purchase a buy to let property as an investment, I am looking to buy 4 flats in one property for £175K, would need £150K Interest Only Mortgage. I have £100K in my own house equity and earn around £30K per annum. The income from the property would be about £16K a year. Would I get a mortgage ? I did try one and…
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admin and setting-up fee query....
Can anyone help? ..... the six-month 'offer-of-advance' period on my current mortgage is coming to an end. I have been warned by the mortgage company that we'll have to pay a new set-up fee (£349) and admin fee (£100) to arrange a new mortgage. Although this will save us money (because the fixed rate we took out 6 months…
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buy to let morgage
I have just bought two flats off plan both 115,000 I have paid 10% deposit on both and on completion should have another 10% they should be ready spring 06. Does anyone have any advice on buy to let morgages or interest only morgages or any advice at all re the morgages required. thanks Loubop
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Halifax new product problem
Hi all, my first post, so go gentle :) Ok, I took out a 20 year straight repayment mortgage 5 years ago (last November), I had it fixed for 5 years. Once the fixed rate ran out I contact them and I had the term reduced to 10 years and to be fixed for that amount of time (i just want to know where i am with the payments).…
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Equity Release
My mother (73) is looking to release some cash to make her life a bit more comfortable in her final years (hopefully there will be many of them). The only major assett she has is her home which she co owns with my father, who after several massive strokes is permenantly in a nursing home. She is looking to sell part of her…
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Help wanted re becoming a mortgage advisor
Not sure whether this should be on this board, but thought that this was most relevant place to put this question as there seem to be quite a few mortgage advisors about on here. My husband is 40 this year and is currently reflecting about his career and where it's going. He works in the pensions industry (administration…
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replacement for endownment policy
we have not long sold our endownment & repaid a sum off our mortgage, however we still will have a 22k amount left to pay after 7yrs has anyone got ideas for us to join some savings plan to get what we will have left, our mortgage is on interest only. We cannot afford repayment !!!!. We have also let our daughter 24k out…
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MSE L&C Re-Mortgage Guide 1st Impression
Received my copy of this guide last night. It is excellent and comprehensive hat's to MSE. It clearly is independant and L&C must be totally confident of their services. I was going to use L&C to re-mortgage as they are the MSE recommendation, and I have saved so much following the other MSE tips. One type of mortgage not…
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Help Wanted With Re Mortgage Problem
I want to move within the next few months but am having problems with my mortgage. I am tied in for a few more years and just expected to re negotiate. I have now found out that the bank no longer offers new mortages. I can pay a large redemption penalty or re mortgage through their broker and pay a high percentage in…
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Mortgage applications and credit searches
Hi all - I'm new to this website having just finished reading Martin's book. I was having a discussion with my mother-in-law (no, it was very amicable), and I have a question, which perhaps someone out there could answer. My mother-in-law and her new husband currently rent a council house, and they are considering buying…
