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How silly & possibly misleading is this:-
Pasted from a messgage rec'd from a major lender today ( whose fees generally appear higher than most) " Our Valuation Fee scale is set out in our Mortgage Update and currently includes a £250 administration charge payable to Northern Rock. With effect from Tuesday, 28th June 2005, we will be making the following changes…
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Info On Business Mortgages
Hi. I think that my parents and I will be looking for a small business to buy. To do this, we would be looking for a business mortgage, and so i came here to seek the advice of the sages!. Can anyone recommend anything better than huge lists from Google, or the findit search engine here?. Have any of you organised a…
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is 5.65% the best btl remortgage around?
hi im looking to remortgae my btl property. i am currently with the coventry and they have offered me a discount rate of 5.65% (1.14% off normal variable rate) ( oops, forgot to write down how long discount period lasts for) the ltv is approx 60% downside is arrangement fee of £725 and tie in until 2008 but no legal or…
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Help completing Which? template for endowment misselling
Hi I need some advice regarding the Which? endowment misselling letter template. The template asks for the details of the company who sold the endowment but although my endowment was sold by Provident Mutual the company that now holds my endowment is Norwich Union as PM were sold on to NU a number of years ago. Who do i…
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Do I need to get a buy to let mortgage?
Hi, this is my first posting so please be patient if I don't get it right! I am receiving some money in a divorce settlement, plus a house divided into three flats, a three bedroomed house all with tenants in situ and a four bedroomed house that is my primary residence. Up until April of this year I had tenants in the four…
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Mis-sold Endowment - Doin my head in!!
I have recently written to Standard Life complaining of a mis-sold endowment. They have replied stating that it was an IFA who sold me the policy and I'd have to claim through them; however, the IF firm have gone out of business with no passed on responsibilities. I have spoken to the FSCS who can not help because the…
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Do mortgage lenders find out how much I owe?
I am about to apply for my first mortgage and I was wondering if mortgage lenders can find out how much I owe or what the monthly payments I make are. The reason I ask is that a family member used my credit card to buy her car (£5000) and although it is officially my debt, it is not something I have to pay back as she is…
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Advice on Selling you house & renting back
Hello, My Mother recently showed me an article from a newpaper about selling your house to a landlord & then renting it back. Does anyone have any advice or experience of this kind of scheme? Thanks, Jason.
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Extra payments.
I have a mortgage with Nationwide and with extra payments could pay off in 10 years. However if I do this I would not at the moment in time be able to pay extra into my companys pension scheme. The mortgage rate is 4.89 percent fixed for 10 years. Any advice appreciated.
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Fix Now or Not?
I am sure this is the question on a lot of people's minds as those cheap fixed rates end. Mine is a 3.79% with Nationwide expiring 30th June. Looking at the Bank of England minutes from their meeting last month and commentary, there appears a strong possibility of base rate coming down in July/August. Also there is the…
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looking for a business mortgage
we are looking for a business mortgage for around £200,000 for a boarding kennels -- can some one point us to a site / company thats above board and not a shaddy outfit like you find in doltons kind of mags.
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Buy to Let Mortgage
Hi guys Just a quick enquiry, if i was to go for this sort of mortgage (buy-to-let) would my current loan which stands around £12,000 have an sort of impact into the amount that i wished to borrow? As i might have an avenue into this as my mother is seling her house and moving down to the coast which is going to leave her…
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Am I being Mislead as well as Missold
I took my Endowment out about 12 years ago and received a letter saying there was a shortfall. When I went back to the adviser, he told me that the original company had closed down and that he was a new company now on his own and limited. He then suggested that I seek out his old partner and claim from him, but the trouble…
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Selling Endownments
Can anyone help I have had an endownment with my mortgage for 9 years but It is no longer needed as the house is up for sale and I am getting divorced. I know if I just cash it in I will lose out which I don't want as it is getting split with husband, does anyone know of the companies who buy them?
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Are Abbey locking me in unfairly with their tracker mortgage?
Hi there Looking at the FSA website, I am now choosing between the following mortages: Alliance & Leicester 4.75% (1yr) then 5.30% Abbey 5.25% for full term (all of these rates track the base rate +/- a margin.) The Abbey mortgage is the more sophisticated of the two - it allows you to draw down extra funds as and when you…
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Deposit by credit card cheque?
I'm sure i'll get flamed for even suggesting it, but is there any possibility of paying a 5% deposit by credit card cheque? Would the lender know about this, and therefore not allow the mortgage at the last moment? Before you tell me how ridiculous I'm being, it's basically a timing issue... I'll be able to pay off the…
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Buy to Let mortgage advice please
I currently have about £180K of equity in a buy to let property and I want to realease some of this money in order to buy another buy to let property for £250K. I would like to make both mortagegs interest only and I don't really want to be locked in for a long period of time. Given the nature of my business I don't have a…
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My wife is desperate for her own house but..
My wife is desperate for her own house as we are renting at the moment. However I really feel we are in for a crash of some sorts. All the signs are there. EA we talk to are now having a difficult time. One I spoke to in Huddersfield now has 220 properties on their books compared to only 40 at this time last year. They…
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Alliance & Leicester remortgage advice?
I am looking to remortgage and have contacted London & Country after Martin's recommendation and their no fees. They have been very helpful and come up what seems to be a very good deal which is only available via themselves. The mortgage deal they have found is with Alliance & Leicester, I have never dealt with A&L having…
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Endowment Complaint Letter
A friend has decided to finally complain about being missold her endowment and is looking for a sample complaint letter. I did see one on here months ago but I can't find it. Can anyone help?