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Moneysaving -Move to static mobile home to release equity in home!!!!!!
My husband is due to retire when he is 51 as is a police officer - lucky so and so. He thinks we should sell up then and buy a luxury carvan in North West. probably Southport way which is about 20 mins drive from were we live. He has worked out that our house is worth £250,000 and that a luxury caravan would cost approx…
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Legal and General...they say NO!
Just got a letter back from Legal and General saying that I was not mis-sold.I disagree.I phoned the ombudsman this morning and they are sending me a form to fill in.Just wondered if anyone had any advice, success stories etc to share with me, thanks...
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Remortgages In the Isle Of Man
Hi I am hoping that someone knows whether a UK based lender would remortgage my property on the Isle Of Man? I have tried looking through some of the main lenders and can't really find anything. The property is a converted flat and we only have one lender here who is willing to lend on this type of property. Hope you can…
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Endowment Compensation Received - What Now ?
Thanks to advice on this site I complained about an endowment my wife and took out for our first property and have been offered compensation of £7,369, which is very nice. However, like many others, I'm a bit unsure on what do to next, invest the money or use it to reduce the capital on the mortgage and what to do with the…
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FTB Using MOAT Open Market Homebuyer Scheme....
As above, I'm completely new to Mortgages and trying to educate myself. I've applied to MOAT and the last thing to do on my list to complete the application is to obtain a Mortgage in Prinicpal Offer, which I assume they use to decide how much assistance to offer. The scheme offers: Open Market HomeBuy – this offers an…
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Tracker or not Tracker
Hi peeps, I'm in the throws of looking for a new mortgage to move house with and I'm contemplating a 2 yr tracker (with pens for the 2 years). Its a good enough deal however, I'm not bang up to date on the bank of England base rate stuff. Essentially does anyone think that there will be rises in the rate over the coming…
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Mortage Redemption Draft Letter
Hello there, Are there any Bog Standard Draft Letters out there? I could use to send the bank asking them for Mortage redemption quote, including fees ect ? Because, I just dont have a clue what/how to word one ! I also want to ask them if they will give me a new Mortage offer, I just want to sound like a professional and…
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Should I cash in my endowment?
Hi there, I have a question. I have an 82k mortgage and an underperforming endowment which costs £144.50 pcm. If I cashed it in now I would get about 3.5k at a rough estimate, which if I did so I would pay off a CC as I am aiming to be CC free. Don't use them a lot but there was a patch in the past when i had no other…
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Endowment Complaint
I recently complained about the mis selling of my endowment mortgage from 1991. I sent them the letter from the which website. I got a letter saying to fill in the questionare which I returned. To my suprise they then sent me another letter with another questionare it is just a pain to keep sending this stuff all the…
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Buy to Let Mortgage Survey question
We are currently trying to save our purchase as our sale has fallen through. The house we're selling is empty as were renting in another part of the country. We've just sent off mortgage application to Northern Rock who I understand will do the survey within the next week. Is it a different type of survey for 'buy to let?'…
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endowment success
Thanks to the article on missold endowments, I received a payout of just under £2000 which is great news!! The bank now states that i am now in the same position I would have been if I had taken out a repayment mortgage with them. My two questions are, would selling the endowment to the my bank where I bought it from be…
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Part Repayment/Interest Mortgage
Please can anyone help me out trying to come to terms with the best mortgage available to me with the following details: House Purchase Value: £340,000 Present Mortgage: £60,000 Interest Only House Value (Present House): £215,000 I therefore have made approx £140,000 on present house. I think I need to get a Part/Part…
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does a pension mortgage=an endowment ?
hi Natwest set me up with a pension mortgage 14ish years ago that was supposed to provide me with a pension at 55 and pay off my mortgage with the lump sum. I was supposed to get yearly "check-ins" to review how things were going but these trailed off and when i checked up to see how things were going it was plain the…
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ISA Based mortgages
Hi, 5 years ago I took out a 25 year ISA based mortgage (originally on the advice of an indepepndent financial advisor) with a building society - the interest only payments are now transferred to Northern Rock whilst the ISA part is still with Legal and General. The statements from Land G over recent years have all said…
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Tricky Situation
Hi i'm just after some advice?? I'm twelve months into a 2 year fixed rate mortgage on a flat i purchased with a friend of mine on a "tennants in common" basis. Since i've purchased this flat i have moved out and i'm living elsewhere. I currently rent my half of the flat out which pays my half of the mortgage. I've not…
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Fast track mortgage application...broker needed?
Hi, I'm new here and just after a bit of advice. My partner and I are remortgaging and doing a transfer of equity (to put me on the mortgage). We originally went to our current lender (Nationwide) but they don't deal with transfer of equity and an outside solicitor will cost us between £400-£500 fee. Anyway, as I was…
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Ethical Lenders
Does anyone know of any ethical lenders i.e. - those that are not involved in animal testing, meat trade, sweat shops, fag firms etc thanks G
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Selling endowement/compensation
Hi All, I've just started to contact various companies regarding selling my endowement policy, which i started in 1993. A company has contacted me saying i might be able to claim compensation, Will i be able to sell my endowement and still claim for mis-selling, if so would selling reduce the compensation i might recieve.…
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HSBC Graduate Mortgage question
I noticed the following in the terms and conditions for applying for an HSBC graduate mortage: Does anyone know how long you have to pay your salary into this account for after getting the mortgage? I currently have one but want to change my current account, so need to find out if I am allowed to do this under the t&cs.
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Interest calculation error
I recently took out a self certificated mortgage with Mortgage Express, in September 2005 to be exact,today I received a letter from them stating that they had made an error in their interest calculation,resulting in an underpayment. They say that they have no intention of trying to claim the money back as it is their…
