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Self-employed paranoia
hello all, My girlfriend and I have a joint mortgage for £61k on our flat (valued at £95k 18 months ago) which we started in March last year. The deal (4.59% fixed) finishes at the end of September ths year. The lender has sent me details of new mortgage deals (which I don't entirely understand, but that's another…
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Unofficially converted flats & Buy to Let
I'm looking to buy a whole building including the freehold. The building has been converted into two flats unofficially (Council has not been told). Tenants have been living in them for the last year and a builder has checked that the structure is sound. I wanted to know who would give me the cheapest 5 yr fixed interest…
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Cheshire 4.56% fixed for 5 yrs - any opinion?
Cheshire are offering this 5 year fixed rate, arrangement fee being 395 and no valuation fee, but you have to pay your own legal fess.... I have no experience of this BS, any opinions? Thanks in advance!
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Mortgage through an IFA:What tricks are there?
Hello!! I am looking into all the options and possible routes for getting a mortgage. This week's "assignment" is to look into the pros and cons of going through an IFA. Went to one recently for an hour's "fact-finding" session which thanks to the vast amounts of regulation by the FSA cost me nothing! The financial adviser…
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short term loan
Looking to be pointed in the right direction by someone . . . . our house is currently on market for sale with a couple of noted interests but we`re looking to buy a plot of ground within next few days . i.e. before sale of house is complete . Whats the best way forward ? I reckon we`ll achieve approx £40k equity but site…
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comparing mortgages please help
Looking to remortgage and I'm hopeless at maths. Could anyone tell me if 4.56% fixed over 5 yrs with £395 fees [cheshire b.s.] is better than 4.70% with no fees [portman b.s.]The mortgage is for £34000 and we have 10 yrs left as it stand [with Britannia at present] Thanks
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4.44% fixed for 2 years, 95%LTV with no HLC - Woo Hoo!
Hello all, I'm feeling quite pleased with myself today after securing a 25yr repayment mortgage with Yorkshire BS for £131k + 5% deposit (i'm a FTB'er), 4.44% fixed for 2 years and THEY pay the HLC. They fee is not a problem and way way cheaper then having it added to the mortgage as other lenders offer. The real terms…
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Payment Holiday
I have a mortgage with Nationwide. I understood this mortgage to be a 'flexible' one there by allowing me to take payment holidays. I have contacted them to ask if I can take a payment holiday next month to be informed I can take a minimum of 3 months and a maximum of 12 months. I DONT want or need 3 months.... I only want…
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MPPI - mortgage payment protection insurance
Hi all, I've read Martins Aticle on MPPI but it's a while since it was written (Feb 2004) and may be a bit out of date... As a few may be aware I have just arrange my mortgage with Alliance and leicester and I now have to look at protecting my payments. ( I have a quote coming from them) I work in the aircarft industry and…
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Endowment Bonus query
I've just been checking my endowment policy 'Annual Bonus' declarations (wondering if I'm too late to complain about mis-selling - it's so confusing!). Anyway, I've a policy with Scottish Life (now a division of Royal London since 2002-ish), and I've noticed that my 'New Declared Bonus' has dropped dramatically from around…
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Can I help my mum and dad?
Hiya, Well I was lookig at a buy-to-let but i have changed my mind for now, at least. I have just found out that my parents are really really worried. The situation the best i know it is, my dad is 59, worked for 40 years in the same job and took early retirement due to stree. He now works as a cleaner and with all the…
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First time buyer borrowing help ?
Hi all i have a question i hope one of you guys can help me with ,i am wondering what my total potential borrowing is on a property, my details are as follows: Income - £19500 Deposit -£ 30000 The main reason i ask is because obviously my income multiplied by 4 doesnt add up to much for a property, but i have been told by…
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Mortgage protection plan with critical illness benefit
I was wondering if anyone could help me please: I took a mortgage with HSBC 3 years ago for 64k and when I did it I had to get the above named insurance policy which costs £11 per month. Later on when I had to get a new roof etc I borrowed a further 11k and they made me take out a further policy for and extra £6 per month.…
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Standard Life WP Endowment Mis-selling Claim
I recently asked much of the following in the middle of another thread but it seemed to have got lost as no replies were forthcoming - does anyone know the answers ? 1. Is there still a case for mis-selling of a WP endowment policy if no advice from a third party intermediary was asked for or given ie an intermediary was…
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Endowment Questionnaire
I have received my Endowment Questionnaire from the bank in relation to our complaint about our policy. It asks if we are smokers. Just wondered what is the significance of this ? Why do they need to know ?
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Endowment what to do ?
:confused: Hi I wonder if someone can give me some advice on my endowment policy, I started the policy in July 1986, it is a progressive build up plus plan 25years £25,000 endowment assurance with profits , with L & G. I don't know wether to cash it in or not I pay £63.60 @ month (£763.20 a year) and the new annual bonus…
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Mortgage query
I have found a property that I wish to buy,but my property remains unsold so to avoid losing the house I want, I would like to borrow the value of my property and then repay the difference when my property is sold. I'm sure this is not an unusual situation, but are there any pitfalls to be careful of i.e. redemption fees…
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5 Year Fix: Portman 4.7% or Yorkshire 4.54%?
Need to remortage for 120K as soon as possible and would really appreciate any advise... I have shortlisted to two mortgage products: The first one is 4.7% fixed for 5 years with the Portman building society. The biggest plus point of this is that there is no fees at all, apart from a total charge of £65 (£25 for not…
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Help! F.T.B with existing debt.
Hello everyone. I am a first time buyer looking for a joint mortgage with my partner. We both have a combined income (before tax) of £37500. (me £26000 her £11500) if it matters? Unfortunately I have a debt of £15000 (1 personal loan of £10000 and 2 credit cards £2500 each). we have saved £2000 for fees and £10000 for a…
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Lowest Offset Mortgage rate these days
Does anyone know which product has the lowest rate these days? Is the Clydesdale 4.65% (2yrs) still available ? Assistance most welcome :)
