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25yr Mortgage & Overpay or 20yr Mortgage?
Just had a quick thought as me & the GF will be buying VERY soon... If you get a 25yr mortgage its cheaper per month but more expensive over the long term. If you get a 20yr its more per month but cheaper long term. Is it plausible & worth it to get a 25yr mortgage but overpay each month (within the penalty free limits of…
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Do I need mortgage payment protection - and if so which one ?
Hey guys Have just bought my new flat, and have a £100k mortgage. I have not yet taken out any sort of mortgage protection scheme, incase I lose my job, get ill etc etc. The total value of the flat is £270k, and I put the rest down as a deposit. So in relative terms the mortgage is less than 50% of the value of the house.…
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Endowment compensation offer
Our deficit is about £16,000. We have been offered £3500 in compensation. The offer states we have to accept within 28 days but also that we can apply to the ombudsman if we are not happy. This could take six months, and if the Ombudsman doesn't agree that we are entitled to any more, might we lose the original offer…
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Help with first step
Hi, I'm planning on buying a property with my dad 50/50. He has the funds for his half and will be putting his name on the mortgage with me for my half but I'll be making the payments. We're also planning on letting 1 or 2 rooms in the house as well as me living there. My gross annual income is £12300 at the moment and my…
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Bridging Costs
Looking for a bit of info on bridging costs. My situation is as follows. I live in Scotland (THIS MAY OR MAY NOT BE RELEVANT) and i've sold our house and bought another - both the sale of ours and the purchase of the other house are at present "subject to conclusive missives". However I expect to have reached completion…
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buy without deposit, "vendor gift" too good to be true???
Hi everyone! My girlfriend and I have had enough of renting, and figure we might as well get a mortgage. We have spoken to several banks & independents. We will/have about £3500, which we figure we will need for fees/stamp duty, costs & misc. So that leaves us with, erm Nill for a deposit.. :( Apart from the problem of me…
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Interest Only Mortgage.
Can I please have some advice? I have been told to do a search for competitive rates but I'm not very good on the computer yet. Can someone please advise me? I believe that I can get comparison tables. Is that right? Thanks.
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student mortgage - how to
whats the best lender for student mortgages and how hard is it to find a decent one
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Advice on offer of compensation
Hi I came across this forum whilst searching the Internet for advice on the Mis-selling of endowments.In 1990 and 1992 i took out endowments with Norwhich Union for relatively small amounts for home improvements[young and clueless]and recieved a red letter a while back saying there would be a short fall.I used the…
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Re mortgage.
I need to renew my mortgage shortly as my fixed term with the halifax runs out. Without having to read through reams of infromation has anyone found a good deal lately. Greatful for all replies.
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Yorkshire BS 5year offset mortgage
Just about to take out a 5 year fixed mortgage, but need it to be offset as I have a decent amount of cash which I need to have instant access to. Looking around there doesn't seem to be anything around much better than the 4.74% 5 year fix, offset with free legal and valuation fees with the Yorkshire. Is there anything…
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buying without a deposit...please help!
Hello, I am a graduate from 2002 and currently work in marketing. I am spending about £400 pcm on rent. I would prefer to have a more stability and start to build for the future by buying my own place. I calculated that I could save £400pcm that I currently pay on rent plus rent out a room for £400 pcm. My only problem is…
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'Churning' & Endowment Complaints
One question i can't see answered in any of the 'FAQs' etc that i have read on Endowment complaints is whether you are offered compensation including what you would have lost by getting rid of an existing endowment. Does anyone know if this is taken into consideration when coming to a settlement figure ?
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Mortgage Query
Hi, A friend is trying to get life insurance cover for his mortgage but unfortunately the likes of Bupa and Scottish Life will not insure him because he suffered from mild depression 5 years ago, well thats what his mortgage advisor is saying. He is on medication but its not strong medication like prozac. He has been…
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Mortgage problem
Just wondering if anyone can help?....Here goes. My partner and I are trying to get a mortgage on her mothers house which she is selling to us at a very reduced rate (25k below the value) The problem is we need a 100% mortgage and i find that some mortgage companies won't give us anymore than 90% or others want to charge…
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mortgage offer ???
hi there my friend has received a mortgage offer all payslips and bank statements were returned etc etc but they have just checked their credit report on credit expert and there isnt a search from this company ?? any ideas? surely they cant have given an offer without a credit check? :confused:
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Birmingham Midshires R. I. P.
The Birmingham Midshires Branches are all to be closed or to be changed to the HALIFAX.
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Norwich Union Endownment Policy - Advice needed :(
My mum has asked for help - not sure if anyone has had the same problems: In 1988 advice was given to her by Medical and Executive insurance brokers to take out the policy with Norwich Union - they were not authorised to give advice at that time. Norwich Union paid them a fee at that time. Norwich Union confirms initial…
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Mortgage application question.
Hi, My partner and I have just applied for a mortgage with IF. All seems to be going well, but for the fact that I have to pay the Survey/valuation fee up front (£340). This is refunded when the mortgage goes through. The problem is, that I recently have been having a bit of a legal wrangle with a high street bank and this…
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buy to let mortgage advise
I am currently trying to get a buy to let mortgage for a property next door to a property I currently own and rent out. I am having difficulty as 2 lenders have now told me that they wont offer a buy to let mortgage to me as I also own and rest out the property next door. I get the impression this is due to the risk that I…
