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Mortgage calculator? endowment quandry.
Is there such a thing as this that will give me a "rough" guide of how much I would pay on a certain value mortgage? We are hopefully moving to Spain within the next 6 months and would like to pay off some of our mortgage so that when we rent the house out we have an income from it "just in case". Also, we are on a…
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Surender Values
I have a Pru (ex Scot Am) endowment to cover a mortgage of 26k with just over 4 years to run. About 6 months ago I contacted Absolute Assigned Policies with a view to selling it and they were not interested. However, this week they wrote to me offering 19k plus for it. I contacted Pru who gave me a surrender value of about…
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Am I just Unlucky?
I started my complaint to my endowment provider (Scottish Equitable) in March 2005. I was told that my Independent Financial Advisor had gone out of business and that I should write to the FSCS. This I did. My reasons to complain about mis-selling included the fact that my endowment continues well past my retirement date…
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Just like to say thanks...
After a lot of reading on these forums I put in a claim for a mis-sold endowment from Pearl (Homebuilder). Using the Which letter as a guide. Today I recieved a letter from Pearl offering me all my previous payments plus net interest (£6497) and a compensation payment of £4295. I was a little apprehensive about tackling…
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nationwide taking for ever????
i posted last week to say we were changing from virgin one to nationwide. we have a house £190k mortgage £98k income £42k when i phoned to say we would go ahead with their then 5 year at 4.74 %which is now 4.94!!!!!! they did a credit check & because at the time we had £20k sitting on 0% credit cards instead of being on…
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Cheapest two year fix ends
For a few weeks Britannia has been clinging on to its 4.34% two year fix - which I think was the cheapest on the market. That's ended now - back up to 4.54%. Anything left out there that's cheaper?
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95 per cent mortgage - presumably this is the 'norm'?
hi, just need a quick straight-forward answer. i know there is a lot of talk of 100 per cent mortages. this i am not interested in. what i would like to know is, historially speaking (before this housing boom madness) what used to be a 'sensible' mortage ratio - as far as i know it was 95%. is this right and what does it…
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higher borrowing than 3x needed
My daughter (first time buyer) wants to borrow around 100k over 25 years, for property approximately 110k. She has 10k for a deposit. Her annual salary is 24,600. She would be sole mortgagee. She has suggested going for fixed rate for at least 2 years. Are her plans feasible? Would be grateful for any advice and…
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buying abroad
I am looking at buying a property in Austria as a holiday let. I will need to borrow approx half the value of the property and don't know whether to look for a mortgage here in the UK or over in Austria. Does anyone have any tips on the best deals?
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SOS - Endowment Catch 22 ??
Apologies for the length - don't know whether to laugh or cry really :rotfl: I complained to an IFA (now named Charteris Treasury Portfolio Managers, of Exeter) about the mis-selling to me of a Norwich Union endowment policy, on a number of different grounds. The company took a year to “investigate”, despite frequent…
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buy new home + rent out current one
We own our current home (nearly) outright and would like to move. Rather than selling the current home, we'd like to rent out the current one, and buy a new one. Our salaries are not high enough to get the required mortgage on the new property. All building societies, who we spoke to, said they would only be able to lend a…
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Paying off mortgage early..
Hello, All. Advice please (apologies if this has been covered elsewhere. I've had a brief look...) I'm pleased to say that I'm very close to being able to pay off my mortgage. Question is: what is best to do? Pay it off completely or leave a small mortgage? (and hence leaving the deeds etc with the mortgage lender..) I…
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Help Please!royal/sun/phoenix
Hi and thanks for reading I have two endows. with RSA/PHOENIX and I need some advice about my options.I hope somebody can help me? 1. Endowment Homebuyers Started June 1988 to cover 27000 2.Surrender value 10979 3. Monthly payments 44.60 B.1. Homeplan started May 1998 to cover 6000 2. Surrender value 1,312 3.Monthly…
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Own Bank Said I Was To Old !
Hi IM 49, WIFE LEFT ME AFTER 18 YEARS SHE PAID THE MORTGAGE AND I PAID EVERYTHING ELSE INC RUNNING TWO CARS (PLUS I DID ALL THE COOKING DECORATION AND HOUSEWORK, CAREER WOMAN YOU SEE) ANYWAY MY POINT IS THIS. I NOW HAVE TO START AGAIN, WHEN I GET MY EQUITY AND AFTER I HAVE PAID OFF MY OWN PERSONAL DEBTS I WILL BE ABLE TO…
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FOS Response
Hi, Does anyone know roughly how long it takes the FOS to respond to a mis-sell complaint? I've received letters apologising for the delay, but I started this all in October last year. Anyone else having the same delay or is this normal ? this is my 2nd attempt to post - must be doing something wrong so here goes !
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Possible to negotiate mortgage rate with lenders?
Having been inspired by the Apprentice the other night I started thinking abut whether it would be possible to negotiate the advertised lending rate with lenders. So say for example I phoned up First Direct and offered to take out one of their mortgage products but at a slightly reduced rate then what's they're…
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joint or buy to let?
Daughter wants own home but can only get mortgage for 50%. We can extend current loan for other 50%. Other option is we get bigger loan and buy property in our name and rent to daughter. This way rent would be income but I assume we could claim some tax relief against related costs. Therefore question is joint or buy to…
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Mortgage / cash combination & joint purchase
Hello all, :money: My partner and I are hoping to start looking to buy a home soon. We are in a fortunate postion in that my partner has approximately £200k in cash, from which she currently draws about £600 a month in interest - either to be re-invested or support herself day-to-day (she chose a less than lucrative…
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Buy to let or Commercial mortgage required?
Wonder if anyone can help? I have a shop with a 2 storey maisonette above - it's on a commercial mortgage charging 2.5% above the BOE base rate. Obviously, a buy to let product would be much cheaper - I read something about the FSA relaxing rules on this if the residential part is 40% or more of the dwelling. Does this…
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Intelligent Finance offer??
Hi I hope someone might be able to point me in the right direction. I have a discounted mortage which ends in July. Intelligent Finace are my lenders and i have just had an letter from them saying that: The good new is that you dont need to go anywhere else to get a great mortgage. We have another great mortgage deal to…
