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Can we re-mortgage to buy place abroad?
I am looking for a bit of advice if anyone can help :D We currently have £69k mortgage and house is worth approx £155k. We are interested in buying a small apartment overseas for rental income/investment and wondered if we could re-mortgage to release the monies to enable us to do this? I wasn't sure if lenders would be…
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early settlement of endowments
Are the fees for the early settlement of an endowment under scrutiny as are the fees for redemption of Mortgages? Anyone.
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A complex first buyer situation
Hi all, some advise would be greatly appreciated. I am approaching graduation soon and am interesting in buying a house to develop. The problem is buying the house rather than developing it! Firstly I have looked at commerical mortgages but these are usually at at 75% LTV and require past business records which I do not…
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Financial Advice Bill - Can I Claim Back?
Sucessfully claimed compensation for a mis-sold endowment mortgage last year. Paid £250 to financial advisor to help me to do this, also arranged re-mortage deal with another company. He did advise us to submit a letter to building society saying that we may be able to claim his fee back for ourselves from building society…
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Mortgage Timescale - Std rules???
HI everyone. This is my first post in here, so here goes!! I am currently in the process of trying to move house. Basically i managed to secure a good fixed rate 5yr deal (Yorkshire BS) at 5.09%. I have paid the valuation and arrangement fee in advance. Although at the moment i have yet to proceed with my valuation.…
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Old Morgage Late Payment Fees Reclaim
Hi, hope someone can help me with this one please. I had a mortgage with the Halifax 3 years ago and when i left them they took well over £3000 pound off me in late payment fees which had grown over 7 years. Since i have heard that everybody is claiming fees back i was wondering do you think i would be able to claim them…
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Additional Lending / Further Advance etc
Well I asked this question in the wrong thread before and I had a few replies but thought I would repost in here to see if an specific mortgage gurus can answer further - I can't get to the Branch to ask the MA's for 2 weeks. Right there are 2 possible scenarios and Figures are fictional right now : Scenario one : Property…
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To sell or not to sell endowments?
Hi, I have three endowment policies that I have had for a number of years. One of them has stated that it will not reach its intented value (although I don't think I have a claim). I am about to reach the end of my current mortgage fixed term and one recommendation was to sell all three endowments and move to a repayment…
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Help - proving that I was mis-sold
We were sold an endownment back in September 1990 from a branch of the Halifax. I have complained to the Halifax and they replied saying it wasn't them and that they have passed it on to Standard Life. Standard Life replied saying it was sold by an Independant Financial Advisor and they have passed the details on to them.…
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remortgage advice for parents
Can anyone give advice on what's best way to remortgage. 10yrs left to pay on £14500 approx mortgage. Capital and repayment I think On current variable rate of approx 7.65%. Only took mortgage out maybe 5yrs ago. Age 76 and 60 only income from occupational pension and disability benefits. Get higher rate mobility allowance…
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Endowment help needed
If anyone can help me I would appreciate your valued input/advice. I am considering selling my two endowment policies as both are showing a shortfall and opting for a repayment mortgage. The policy details are as follows: Loan Amount: £40k Policy 1 Company: Standard Life Start/Finish: 8/5/1987 – 8/5/2012 Type: With Profits…
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re-mortgage advice please
hi, i wonder if anyone can answer a question for me please: i have a part repayment and part interest only mortgage, the repayment part was taken out after the interest only due to a house move. the capped rate on the interest only part runs out in March next year and the repayment rate runs out in March 2011. the question…
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Endowment Maturity Value
I wonder if anyone can throw any light on the following please - I'm inclined to say "I don't believe it"! My oldest endowment policy, which was started with the Equitable in 1975, matures in 2 months time. For the last few years I have received 'green' (as opposed to amber and red) letters about it - the most recent being…
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Mortgage or loan for 56 year old first time buyer - is this possible?
Although I jointly owned a house 30 yrs ago when I was married I've lived in rented houses for over 10 years now, due to job and family changes. I don't have a very big income, probably round about £23k p.a., often less, without any expectation of it growing much as I work for a charitable organisation. Is there any way at…
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RE:C&G Valuation and mortgage
Hi We are currently in the process of buying first house, solicitor instructed and searches paid for and under way, offer accepted on 10 Feb we are meant to exchanging on 16 March eek!, the mortgage application went in on 17 Feb with lloyds and was told we were being fast tracked 2 weeks tops, phoned yesterday to lloyds…
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Should I surrender my endowments?
Should I surrender my endowments? :confused: Hello all, I hope some kind sole could give me some advice please? I paid off my mortgage early nearly two years ago but have continued to pay for three separate endowments with STANDARD LIFE that I have previously taken out. I don’t need to sell them but would I be better off…
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Metro Finance
Whats peoples opiniosn if any of these. When it says a free mortgage quote will they do a credit check on me from what i can gather its not a good idea to have too many checks against you? Should i do it or not?? I just want to confirm i will get a mortgage and i will sleep alot happier!!!!
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Surrenda-Link
I am in the process of selling my badly performing endowment policy and have had a good offer from Surrenda Link. Before I proceed with the sale I thought I would ask if anyone on this board have had any dealings with them and would like to know if they are a good company to do business with. Thanks in advance.
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Rate increase in March - Will it happen or not?
I am confused....... My analytical mind tells me that another rate increase is on the books due to the rampant house prices. Supposedly 100 buyers are chasing one property and every viewing produces an offer. People are still buying no matter what but even income multiples of 5 or 6 times are starting to not be enough help…
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3 Failed Endowment Mis-selling Claims - Help Needed!!!
This is my first entry on a chat forum so be gentle with me please!! Fired up by all the successes from mis-selling claims I started my own mission last year. How disappointing - three rejection letters! I now need advice as to whether there is any scope to pursue any of these claims further. The basic details are as…
