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Mortgage Shortfall
Hi Peeps, Apologize if this is on the wronge forum but, To cut a long story short, I have been paying a monthly shortfall of my property that was repocessed of me in 2002. They ring me once every year or so and harras me by saying that I should increase my payments by reassessment or pay a lump sum and write the whole…
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1st Time Buyer - No Deposit..
Whats the chances LoL.. TBH im scared to approach anyone and ask without a deposit! And whats the best type of mortgage to go for.. Its so confusing this house buying stuff!
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A& L declined mortgage and won't say why
Hi My sister has jsut applied for an A&L joint mortgage with her boyfriend. She applied over the phone and was told that credit checks etc were ok. She has paid out for a valuation survey and had written conformation that all was going through fine, and then she got a letter sating that they have turned her down becuase…
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question about mortgage fees
Hi, We recently had an offer accepted on a flat. We instructed our solicitor to start the searches, organised the survey and accepted a mortgage offer from A & L. Unfortunately the sale fell through. At this point I thought we had lost £810 because of this (£510 survery + £300 to solicitor). Within a week we found a new…
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Costs and hassle of closing mortgage
My 25 year endowment mortgage ends this month. I had assumed that when it ended the bank (LloydsTSB I'm afraid) would tell me how much is owed and give me a reasonable period to settle, knowing it takes time to get the money from the endowment company (with timings particularly uncertain over Xmas). However, I have wasted…
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Very flexible mortgage?
Hi all. Hoping you can help me wth something. I'm currently on a variable 5.9% (roughly) Northern Rock mortgage costing about £900 pm. I was a first time buyer in April 06 and they gave me the best 100% deal etc. Basically the mortgage was for £157500 over 35 years. My circumstances have now changed considerably. Buy the…
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Endowments - are they that bad?
Hi, Before we start, I should say that I really dont know that much about mortgages, this is all from memory and I can provide actual figures this evening when I get home from work. I have an 85k endowment pollicy with a 2% discount with Alliance & Leicester for 18months (might be 2years, cant remember), I am about 6-7…
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Sorry Double post, please delete
Sorry Double post, please delete
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Mortgage, Remortgage or Virgin ONE/ IF mortgage?
Hi there I have a friend who has a problem that I think could be solved on here. She has her own home worth about £300k which only has about £18k left on the old mortgage which is around 15 years old. She needs to raise £200k to buy some commercial property, some of which is in bad repair but the price is right and she…
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Endowment Performance
Does anybody know how the endowment market is performing now in general with view that the stock market has semi recovered from the lows of 2001/02 .:confused:
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Yet another endowment Q, quotations attached.
Good Morning I have had 2 quotations this morning and would appreciate a bit of advice from any experts out there! 1st Endowment commenced July 1987, £16200 @ £21.41pm Fully paid up September 2005. 2nd Endowment commenced May 1989, £24800 @ £31.50pm Fully paid up October 2005. Surrender values £9551 and £10862…
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Will they let me.......and how do I do it?
Currently have a discounted mortgage with A&L, 2 year tie in ends Jan 2008. Amount is for £82,500 on a £97,500 buy. (Hopefully house worth a bit more now) Looking to buy, and considering very tentatively going up to £134,995. Would A&L increase the mortgage to take it with me (adding OH if possible), or would that…
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Do bridging loans still exist?
Hi all. I am hoping that someone way more knowledgeable than me can help. Hubby and I have found a house that we are very interested in making an offer on. We spoke to the vendor about what she would maybe be willing to accept and she told us that someone else has made an offer of the full asking price. The offer hasn't…
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Pitfalls with second mortgage
I'm looking to get a second mortgaged property. At present my original property has tennants because I had to move away due to work. They have a 12 month contract that will not complete until 07. I have now returned early and I am at present almost homeless. Instead of wasting money on rent I'd like to get another smaller…
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APS Mortgages
APS Mortgages anyone used them or have comments to post? Looking for feedback. Regards.
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Buy to Let Mortgages
Hi My family and I are about to venture into the buy to let market as a long term investment (ie additional pension fund). I have previously let a house in Brighton but unfortunately had to sell in the late 1990s - big error in retrospect. What we are aiming to do is buy every 6 to 9 months a one bedroom flat for the next…
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Life Assurance (with profits)..still exist??
Any pointers on this product would be great. I have a few with L&G but they dont do them any longer. I want to buy then for my kids. Ta.
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Norich Union Endowment.
Policy matures in 2009, already had compensation from Halifax re the shortfall. This week a letter came from NU advising us that they may be " reattributing" their with profitts policies and this may involve a payment to us in return for giving up our right to any possible future payout from the inherited estate. Does…
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Endowment selling
Does any one know how these companys, that buy endowment policies, make any money, when most policies will fall short upon maturity ?
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Considering Porting, can we change to repayment ?
We currently have a interest only self cert mortgage with Mortgage Express, we are considering upsizing and due to fixed rate terms etc and Early repayment fees being high we will most likely port our mortgage for a larger property. My question is does anyone know if its possible during porting to change from an interest…
