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Mortgage protection and full time course
I was recently made redundant and have started a year long PGCE (teaching) course to retrain. In looking into the mortgage protection (I was banking on having my mortgage paid while I was studying to support my family) I was told I would need the job centre to sign part of the form for my claim to continue. The job centre…
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Sloppy Service from London & Country
I'm actually rather upset by this whole affair! I'm currently earning £29,500 and am looking to make the move into the world of houses. I've been looking around at 100% mortgages and was pushed to the London & Country site seeing it was recommended by Martin Lewis and after a work colleague had also used them. I initially…
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Need Help and Advice to realise cash from property
Hi Guys any help would be appreciated. I need some cash to pay a tax bill (8000) and a family loan (7000). I made one application to Halifax for a loan and was turned down. I own my Leasehold Maisonette outright (value 85000). I think my credit score is quite low for some reason and i am considering getting a mortgage on…
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remortgaging advice for a friend...
My neighbour does not have internet access but is after some important info from you all.. He has left Full time paid employment and has become self employed after accepting a job working with another family member. When it come to remortgaging time what would any potential lenders look for in his case under the new…
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Remortgaging a concrete built flat - my broker can't help
Hi Hope someone can help. I'm looking to remortage my flat and went to Charcoal for some advice but they lost interest when I told them my flat, which is in a Grade 2 listed block built in the 1930s, is built of concrete and they recommended I stay with current mortgage provider (Barclays/Woolwich) but I'm not getting a…
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Are you happy to still pay commission on mis sold endowments
I was mis sold my mortgage endowment policy in 86 and at present it's still looking like it will not make the target figure. As this policy is pre 88 no one wants to know. So I spoke with the insurance company to see whether commission was still being paid to the IFA/Company who sold me this policy and it was, so I asked…
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Your views on this "financial advice"
Hi, Regretfuly I am going through a divorce. I am likely to have around £200k at the end. My intention was to go out and buy a flat/small house for about £150k and then get a small mortgage for about £50k. I am looking for a short term 5 year mortgage as this is when i plan to stop working. I had all this thought out and…
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Endowments: to sell or not to sell??
Hi all, I have a couple of R&SA (now Pheonix) policies which are performing really badly and I am considering selling them. Based on the following, and in your opinion should I consider doing this now and if so what value could I expect to attain by selling the policies? I need both to cover the interest only element of my…
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I have a job interview on wednesday
for a trainee mortgage advisor job with abbey. 2 things, the main rpoblem i have is that i have been travelling asia and australia for the last 18 mnths & i DID default on my loan repayments & my credit score is low.experian say i am a high risk borrower. could this lose me any potential job? i have explained on my…
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Should I overpay before or after switching to a cheaper deal?
I was on a fixed rate mortgage for two years, which has just gone onto the standard variable rate. The provider (C&G) offered quite a good deal when we said we were looking to switch. At the same time, we want to overpay a chunk of our mortgage to reduce the overall amount and our payments. C & G said we should pay off…
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Endowment Shortfall: help needed
I have an endowment mortgage with the Halifax for £26,000,started in November 1986 and due for maturity in November 2011. The endowment is with Royal Sun Alliance. When I called today I was told that today's surrender value is £12,690 Projected Final Amount @ 3.75%....................£16,000 " " " @ 5.25…
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2 mortgages on 1 property
Hi guys wonder if someone can point me in the right direction. Due to family difficulties (aren't they always) my step daughter and her partner are in the process of buying a £200k house together, however one of them has £70k to put as a deposit and the other has £30k but because of parental pressure they want to protect…
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GE Money
I am changing jobs and have a different pay day. Was paid at end of month but new first pay will be 15th Nov. Plus until P45 sorted will be stumped for basic rate tax. So in hindsight I phoned my mortgage company - GE Money and asked if possible if can take a half payment and the 1 1/2 for following 2 months. Was lectured…
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Advice on cashing in endowment to pay into mortgage
I currently have £28,500 balance left on my Standard Life Offset mortgage with a lump sum of £10,000 also sitting in that account (potentially then, the balance could be £18,500). I also have an endowment policy running which was originally set up to pay off my original mortgage for £41,000 due in July 2014. I've spoken to…
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Endowment Questionnaire
Having made my initial complaint about a mis-sold endowment using the "Which" letter. I an now in the midst of completing a Barclays Endowment Questionnaire. Some of the questions asked are of my financial situation when the endowment was taken out and of now. ie. Income, outgoings, savings, investments, pension, windfalls…
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First Time Buyer - Mortgage and conveyanceing questions
Dear all, I am after some advice, as a first time buyer, this is all a new experience, and I dont want to make any costly mistakes. I contacted the mortgage advice bureau to arrange a mortgage. They have sourced me a mortgage and I have an agreement in principle with the Leeds Building Society. It is a 100% mortgage on a…
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Showhouse - Do you have to pay for 'extra's? Where do I stand?
Looking for words of advice here... I am currently buying a shared ownership property. I have sorted my mortgage and been accepted for the property of my choice. There are 2 detatched 3 bed houses, one is just a normal new build, the other a showhouse. I have applied for the normal new build, as I would rather sort my own…
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remortgaging - baby on way!
hi just lookiong some advice from you guys if possible. we are currently in a fixed rate mortgage with additional borrowing totalling £110000 over 30 years. we are overpaying a bit and our total payments are £660 a month. this is fixed until february. we have found out we have a baby on the way which we are very excited…
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Info please - remortgage, secured loan question
Hi there, been lurking for a bit and would now welcome some help/info. I have a 96k mortgage and 25k secured loan both with Northern Rock. Fixed rate is excellent until May 2008. Question is, if and when I remortgage what happens to the loan. Sorry if this is a daft question but have been checking out other deals today and…
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Not Sure If Right Forumor If Anyone Can Help Me Re Ex Partner
Not sure if i am even in the right forum, but me & my dh live together (obviously!) but before we married he live with another girl, who he has a dd with, well she hasnt lived here for nearly 7 years but her name is still on the mortgage but mine isnt, well anyway he is going to talk to her tongight bout getting her name…
