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mortgage advise needed please .......
Hi Sorry i always seem to be writing silly things on here but i am very confused!!! I am looking to sell my flat but have a fixed rate mortage until 2008 and if i make an early repayment there is a £4200 charge. In the future i am looking to rebuy but a property that is cheaper. The property has gain about 18000 since i…
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Mortgage Genie - Recommendation
Thanks to this site I discovered Mortgage Genie (https://www.mortgagegenie.co.uk). Having just been through a remortgage with them I thought I should share a note of recommendation. Despite my case being a little non-standard (I'm paid in Euros rather than £) I received great service. I had to send in my driving license,…
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Phoenix/RSA policy – should I surrender policy, freeze it or keep going ?
Hi and thanks for reading ! I initially took out this policy to pay of mortgage of around £53100.00 Policy is “with profits” Started: 15/12/1998 Due to end: 15/11/2023 Monthly payment of £99.77 At 31/12/2005 Existing Bonus: £1653.46 Annual Bonus: £64.36 Total Bonus: £1717.82 Bonus Rate: 0.250 % Sum assured £24 092 with…
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Urgent Advice Needed! - Getting a mortgage after a divorce
I really need to ask your advice on behalf of my partner. Current situation: Partner is in final stages of divorce, so finances are being sorted. It looks like the ex is going to get 100% of the equity in the former marital home. They took out a joint mortgage on the property and it looks like she will only need to use her…
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How do they decide who to give mortgages to?
I know the conventional answer to this as I have read all the property books! When I look at friends who have mortgages or who have been refused mortgages it all looks a bit strange. Basically I spoke to a couple of people about the possibility of a mortgage (person in bank and person in building society) and they said I…
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advice for a first time buyer
Hi there just after a bit of advice. I'm intersted in purchasing a property in the next few years either outright or as part of some kind of shared ownership deal(if I can find one). I currently earn 22,000 and have an outstanding loan with natwest of 19,000 which i've got another 4 years to go before it's clear(been…
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FIMBRA Clause
Hi, My friend was speaking to her financial adviser last week about complaining about a mis-sold endowment. She was advised that because her endowment was taken out in 1995 during the time that FIMBRA were regulating their business she wouldn't receive any money from the mis-selling of her endowment as FIMBRA are no longer…
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Letting on a Nationwide residential mortgage???
My wife and I remortgaged in January with Nationwide on a five year fixed rate. We have now decided to move, have found a house and are applying for a fast track mortgage with Bristol & West. We would like to keep both properties and let the one with the Nationwide mortgage. I spoke to Nationwide and they said I will need…
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Help with how my nu policy is doing please
I have a Norwich Union policy which I am trying to decide if I should keep or surrender. Not sure what details are needed but will supply what I have got:- this is my yearly statement prepared july 2005 showing 2004 bonus start date 13/7/1988 end date 13/7/2013 minimum life insurance amount £10,718 regular bonus added…
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LloydsTSB MPPI lock-in?
My MPPI with Lloyds TSB is called MortgageSure and I have had it for 14 years.I can't move to cheaper insurance because I have a medical condition(angina).However, I would like to move my current account but TSB 's leaflet states I must have a cheque account with them to maintain the MPPI policy.Has anyone heard of a…
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2,3 or 5 year fixed term mortgage
Moving up to a bigger mortgage (eek), and new home, and have decided on a fixed term mortgage. Now need to decide on 2, 3 or 5 years? I've been offered 4.34% on 2 years and 4.79% on 5 years (16-17 year mortgage). £10,000 is interest only for 3 years...based on a v conservative estimate of an endowment with Norwich Union.…
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Renting, want to buy, FTB, need advice!
Hello there.. I wanted some advice really. Currently me and my boyfriend have a flat in Kingston, Greater London. He earns £28000 and i am going to be starting my first job after uni on 5th June, earning £16000. Currently, we pay £700 a month for a small one bed flat, but with all bills it amounts to near £1000 every…
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Best Mortgage Deal for FTB Self Employed?
Hi My brother is a first time buyer and is looking for a good rate fixed term mortgage over 3-5 years with no extended redemption penalties. However he is self employed with 3 years worth of accounts and will be able to deposit 10-15% of the asking price, does he have to arrange a special type of mortgage a 'self…
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Possible to get mortgage offer on basis of job offer
Currently on £27000, offered job for £52000 - clearly this would make losts of difference to what I can get a mortgage on. But I don't start the job for 2 months. I'd like to get a move-on - will lenders take a future job into account as they would a present one?
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Where to go?
Hi - time to re-mortgage - what are the best deals out there please? House worth £165k Current mortgage £80k New mortgage required £120k I earn £5789 (will be going UP next year when I return to work full-time as son will be going to school) Partner earns £26800 with 2 £1000 bonuses a year (his P60 shows earnings of…
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How much will I be able to borrow?
I am separated from my husband and in the process of selling our house. I will probably end up with about £40k deposit to put down on another house. My salary is £15800 per annum including working tax credits how much do you think I will be able to borrow?
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To Fix or Not to Fix?
I have just applied for a 2 year variable tracker mortgage with Alliance and Leicester at 0.06% below the Bank of England base rate. I did this because I had thought the expectation was that the BOE Base Rate would be more likely to go down than up in the near future. Now I have heard today that there may be an interest…
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Broken Interest
Hi, I'm looking at remortgaging to get the best rate over the next two years and have seen the Britannia BS offer where you only pay the £99 arrangement fee. On doing an online mortgage illustration it has 1st payment that includes "Broken Interest". Does anyone know what this is? I'm going to ring up when I get a free…
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Who do I complain to?
I have an standard life endowment sold to me through HPS (halifax property services) an appointed representative of standard life. To whom should I complain? I can't find HPS any more so who do I complain to, standard life? EDIT: It should be HPS financial services not halifax property services.
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Mortgage Help
Hi Me and my partner are splitting up (not married). He's in the process of getting me removed off the mortgage and I should have a good 20k to put down as a deposit, any remaining I want to pay off my debts. I presently have about £3500 overdraft and £3500 credit card but he's agreeing to pay off most of these as these…
