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help! approval in principal
Help i am a first time buyer buying a newbuild so no chain i have apllied for a mortgage with nationwide and have been approved in principal and my valuation fees have been paid and the valuation accepted does this mean that my mortgage has been approved or is there anything that might stop this from going through
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Please help - confused about lack of remortgage options
Hi, I have been helping a friend look at some remortgage options recently, and have been surprised by how little I've been able to find for him. His current lender is C&G - and they have offered to renew his deal with the current offers (i.e. 6.33% FR 2yr deal) I have looked online, and whilst I have been able to get a…
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ENdowment advice - cash in or switch to unit linked?
Hello. I have just recieved a letter about my 10 year old S Widows endowment. Have the options to carry on (hmmmm....), surrender or switch to unit linked endowment. Here are a few details Started Oct 97 £ 50 month premium Ten year surrender value £6711 Guar Sum assured at 20 years £10220 Existing bonuses £1154 Terminal…
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Are the projections for my endowmetns accurate?
Hi I have 3 rather naff endowments. All are underachieving. 1 with Scottish Widows and 2 with Norwich Union. Meant to make 82,000 but looking at a shortfall of about 20,000. They finish in 6 years and too late now to complain. I have hung onto them cos my IFA has said that the way the FSA regulates the projections does not…
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Doing CeMAP enough to become Mortgage advisor?
Hello I have background in finance. I would to start business as mortgage broker. I would appreciate if you can answer the following questions. 1- Could you please tell me which qualifications I need to be able to start work as a self employed mortgage advisor/broker? 2- Do you get special link to lenders computers to…
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Miss sold endowment?
Hi About 2-3 years ago we had 3 endowments which we sold. 2 of them had been going along time. My husband had been informed today that although we have sold them that we could be entitled to compensation. Could anyone tell me if this is the case and who do we contact. The reason we sold them because they were not going to…
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Repayment calculator
Hi is anyone aware if there is an online tool/calculator to work out how much a mortgage would have been paid off if a repayment mortgage was taken out a number of years ago? If not how do you find this information? I have looked at the FSA website but didn't find it useful for finding this information. Thanks Andy
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Pay increases and mortgages
I'll try and keep this simple, nothing to do with mortgages seems to be! My DH starts a new contract with current employer in March. For one year he'll be on approx £40,000, the second year approx, £45,000 then third year a big leap to £90,000. I am a fulltime housewife. We have no debts and approx £70,000 to put down as a…
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miss-sold endowment advice
We complained about our endowment being miss-sold and have been offered £4400 but we feel that our true losses are around £13000. The financial advisor worked for a firm of solicitors and the solicitors replied that they didn't accept legal responsibility but offered us the £4400 as a final settlement! Also in previous…
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Help! Shared Ownership Mortgage Req!
Hello All , I am literally snookered and require information / guidance fast. Essentially I have an opportunity to purchase a 50% share of a property , the problem is I have only been in Self Employment for 12 months. I have a good 15% deposit in hand , good credit history and I am earning consistantly well as my first…
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Mortgages for people with no dependants
I seem to remember hearing some time ago, about a type of mortgage designed for people with no kids or other dependants where you leave your house to the building society in the event of your death, and effectively "rent" it from them in the meantime. I think it waas "in trust" or "mortgages in trust". The idea is that as…
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Unassigned endowments and tax
I had some great help here before, so am posting with another question. I have two endowment policies which are not currently assigned to a mortgage, but will be used to help pay down a mortgage when they mature. Is the money released on maturation still tax-free even if the policy isn't assigned to a mortgage? I have had…
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Too quick or too slow?
i was misold a mortgage in 1994. i complained to the company in April 2004 when i realised this was a problem ( i had recieved letters informing me but hadnt realised how serious this was - just had 2 babies!), of course i was out of time. In June 2004 the FSA made changes to the time limit rules saying complainants must…
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Quick Question for mortgage advisors re Platform mortgages
Hi everyone. Hope someone can help. Current mortgage with Platform.my house is on market - has been for 5 months. I need a 95% mortgage for new place. My last mortgage desicion in principal ran out last week,or the week before.This was based on 95% I need to stay with current provider due to redemption figures etc. A…
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Bridging Loan
Hi This is a really thick question but can someone explain a bridging loan to me please! I know there is open and closed but Im not really sure what amount you're borrowing and how they work the figures out?? thanks Stella
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can you claim back early repayment charges on your mortgage?
just wondered if you can claim back the early repayment charges on your mortgage on a fixed rate? thought i read it some where but not 100% sure where
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Mortgage and credit rating
Hey - sorry if this question has already been asked, had a quick look on the forums and couldn't see it anywhere. Basically, at the moment I'm a student and I have taken up Martin's idea of maxing out my overdraft and putting it in a high interest account. Only thing is I have applied for 2 credit cards this year and been…
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Remortgage Help - Desperate Situation
Hello fellow money people I am completely new to this website and cannot believe that there are other people in similar situations out there!!! I need desperate help with my finances and dont know who else now to turn to. i have the follow out goings Mortgage with Abbey 709.00 remaining balance is 90,000 Secured loan with…
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Remortgage Help - Desperate Situation
Hello fellow money people I am completely new to this website and cannot believe that there are other people in similar situations out there!!! I need desperate help with my finances and dont know who else now to turn to. i have the follow out goings Mortgage with Abbey 709.00 remaining balance is 90,000 Secured loan with…
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My mortgage with Halifax
Hi, I am currently 1 year into a 5 year fixed rate deal with Halifax.. My mortgage is portable but I want to know what happens if I want to borrow more than I already have? (I know I am able to borrow more) Will I get it on the lenders current standard variable rate or something? I'm guessing they won't lend to me the rest…
