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How much can I remortgage for?
I'm on a rough deal for another year and three quarters (5.3% fixed) but I've done the sums redemption penalites don't make it worth moving. At the time we accepted whatever our current lender would give us as we weren't in a position to shop around. And even then we were lucky enough to be able to shift even more to…
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Remortage under difficult circumstances
Hi there, this is my first post so I am hoping for some positive feedback. I currently have a £100K mortgage with GMAC-RFC. We got this mortgage last year after having a very expensive one with another company. We have had money problems in the past which we have now sorted (over 2 years ago) although obviously our credit…
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How do mortgage lenders know you have a mortgage??
Hello, This may seem a slightly odd question, but... I have a joint mortgage with another family member, which is currently nearing completion. During the progression of this mortgage application, we made enquiries regarding a BTL and applied for another mortgage (which we did not proceed with). Within a couple of days of…
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Is it worht paying off mortgage early or get another house??
Hi all, Before I start what an excellent website ;-) I’ll keep things nice and simple for you all the form is as follows – work is going well and I have extra cash available which I want to put into either my mortgage or a 2nd home to put on lease….. The form is as follows: • House value = £185000 • Mortgage value = £65000…
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Independant broker sold endowment in 1986
i tried complaining directly to com union (now norwich union) but they say i have to complain directly to the independant broker who sold me the policy. they are not registered and the patnership it was has split. Also someone told me that an independant broker stands to loose a substantiall amount of money just to…
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Out of Time for claim in Endownment
Hi there my parents bought their house 10 years ago and used an endowment mortgage to do so then 5 years ago they discovered the shortfall they have since paid off their mortgage. i understand from reading about this it has to be 6 years from date mortgage taken out or 3 years since cashing it in. Are there any loopholes…
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Advice on re-mortgage mis selling
My special rate with my mortgage provider (Portman) is coming to an end soon, so my financial adviser recommended I change to Scottish Widows who are giving a better rate( 4.69%). I followed his advice and went through the process and sent Scottish Widows a non refundable cheque for £295.00 process fee. In the meantime, I…
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advice wanted on endowment
Hi. I wondered if anyone could offer me any advice on my endowment situation. We took out an endowment with countrywide assured in 1992 to cover a mortgage of 52100:- Sum assured 25775 maturity date 2013 monthly premium 60.19 This endowment was supported by another one from Standard Life for 26325. In 1998, we sold this…
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Endowment Policy
In a joint endowment policy, I would like to know if you can remove one of the policyholders and replace it by adding a new policyholder during the endowment policy?
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Bank of England base rate.
Hi all, just checked on the BOE website and after the meeting today they have decided to keep the base rate unchanged at 4.5%. Looks like I will have to bit the bullet and remortgage now ;)
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Mortgage True cost
I've just got a quick question. When you use https://www.moneysupermarket.com to compare mortages, you are presented with a field called "True cost". I'm guessing that this true cost is calculated taking into consideration any cashback and any payment made upfront and/or added to your mortgage? Is this correct? Cheers…
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Mortgage Expo May 2006 Manchester
Any brokers going to this? I will be going, I know Andy Smith is going too.... If anyones interested I'm a native Mancunian and know a few decent chill out bars for the evening. Lisa
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Mortgage provider boosting lending power
Hi there all. My brother-in-law has had an offer accepted on a property, and was going to join forces with a friend to cover a mortgage he can't manage on his own. But friend is having second thoughts, leaving him in limbo. At a guess, I'd say he's probably about £30-£40k short. He's now wondering if it's ever possible…
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Standard Life Again
I too have just received the yearly statement from Standard life for my 2 endowments taken out in 1984, both end in July 2009. The staterments have left me worried as now the policy is stating red alert and a high risk of a shortfall. Even as late as 2003 projection were showing a surplus to both policies but now I face a…
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Endowment Mis-selling Cashed-In
When we got our letter telling us about our projected shortfall, we switched to a repayment mortgage, cashed in the endownment and paid it into our new repayment mortgage. can I still make a claim? and when is the deadline? Thanks
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Self build properties / finance
Hi guys, looking for a wee bit of info on the above. Currently in a 120k flat with roughly 30k of equity in it, along with a salary of 25k and no other debts or history of bad debts. Theres a plot of land currently in my family held within a personal self admin pension scheme of which my dads a trustee and sole…
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thanks!
Just recieved letter saying will get just under 3500 compensation.Still waiting to hear on 2 other policies but good result so far.Would not have done it without this site.Was worth all the swearing as I sat with 18 years worth of paperwork trying to fill the complaint questionnaire in! ;)
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Student mortgages - con?
Hi all.... Fairly new to this business but.......... I'm away down to london at the end of August to study a post grad professional qualification. Looking at property, it seems ridiculous that i'll be paying 400 - 600 a month on rent, when I could be putting the same towards a mortgage for my own place. Now, I know I'm not…
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How much mortgage
I know this is a really basic question but I don't seem to be able to find the answer in any of the obvious places. How many times your salary will mortgage lenders lend you?
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Surrender Endowment Question?
Can anyone advise me if i can sell my Friends Provident endowment - it's 50% with profits and 50% Managed (whatever that means)? I don't think i can but maybe i'm wrong. Thanks Leona
