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Remortgage and loan
Hi any advice would be greatly appreciated! Our fixed rate mortgage is soon due up, 4.89% currently. We now owe 83 000, our house is worth 160 000. We are unsure of how to get best deal, shall we fix for a shorter or longer term and is fixed or tracker best? We also want to borrow 7000, and wondered whether we should get…
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mis-managed endowment
20 years and £126 per month I've been paying into my endowment policy. 2 years ago it had a surrender value of £52,000. Today, 2 years later with a further £3,000 in monthly payments, rising stock, commodity, property and interest rates the endowment has a surrender value of £49,000. How can the provider lose money, I've…
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Mortgage to savings ratio
Is there some sort of ratio your should maintain between level of savings and size of mortgage?:confused: For instance is it wise to have an £80k mortgage and £40k savings. Based on the theory that mortgage interest is greater than savings interest. It's probably a question of how much savings do you need in case of a…
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Maturing Endowment policies and mortage query
Hello folks I am looking for some advice on how to handle our mortage in the coming months. These are the figures roughly - I have not got out the policies to be absolutely precise - but this is not far out. Our mortgage was originally for £100K We have £71,000 on endowment policies and another £26,000 on repayment. From…
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Remortgage - Any advise welcome!!
I would really appreciate any advise anyone could give me on remortgaging. my current fixed rate is up in March (4.98%) i've spoken to Abbey who i am currently with and the best deal thay can give me is 6.65 % for £45 k (house is worth about £165k). i think i can get a much better deal with Nationwide but am unsure how to…
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Remortgage advice needed please
Hello there We are with Abbey for our mortgage and have been renovating our old house for a year - our mortgage for this property started in January last year. Thinking we couldnt apply to borrow more money until we had had the mortgage for a year we have been putting our renovation costs on credit cards with a view to…
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Can anyone help my friend escape????
A mate of mine has recently gone through a split with his missus. They recently completed a re-mortgage in which they consolidated a number of her debts into a joint mortgage - the mortgage was previously soley his. They split up a couple of months later and are yet to do anything about the mortgage. Halifax have already…
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Not totally sure this is the right place but help please!!
The last message I wrote didn’t seem to post so I am hoping this one will work. I lost everything that I typed so hopefully I can remember everything. Firstly, my situation is that I am married with 2 children. We have many debts so have moved in with my parents which is cosy!! We have a house which we are renting out at…
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Higher payment for the first month
Why is the first months's mortgage payment is always more than the rest of the months ? How is this affect remortgaging ? Really confused!! If I re-mortgage with my current provider will they charge this extra amount. I know I can get an answer from my bank, but running out of patience with their customer service (holding…
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Fee free Independent mortgage advice.
I notice that you always recomend London & Country for mortgage advice as it is free? My Broker is also free and is also completeley Independent. She has just advised me to take a mortgage with a particular lender because it was best for me but it is a direct deal only so she helped me apply using her computer in the…
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Will I be able to get a Mortgage??
Hi everyone, I'm new to posting on this board but have been a lurker for sometime. My husband and I have recently decided we would like to buy a house in 2010. Currently I haven't got a very good credit report (late payments etc) but have decided to clear all my debts in the next 18 months and try to improve my credit…
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Will I be able to get a Mortgage??
Hi everyone, I'm new to posting on this board but have been a lurker for sometime. My husband and I have recently decided we would like to buy a house in 2010. Currently I haven't got a very good credit report (missed payments etc) but have decided to clear all my debts in the next 18 months and try to improve my credit…
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first time investor/buyer
i am currently self employed and have a small business performing all building works for residential properties.i am registered will a couple of websites and used to take a lot of jobs via them.One to mention is www.ratedtradesmen.com. My partner is a full time student and also is working on a low income as a sales…
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First Direct 1% discount - new customers only - not fair!
I have an offset mortgage with First Direct. Between now and February, First Direct are offering a 1% discount off their Standard variable rate, which actually means that it will match the BoE Base Rate. So I called them, and asked to change my mortgage to the new rate, but they said it was only available if I buy another…
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Help Needed
I am appealing to you all...I would appreciate if any of you could help us with our endowment policy..the policy should have been worth £75000 ,at the moment the projected final amount would be £6,090,00 with a shortfall of £68,910,00 Is there any hope????.
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Mortgage on Work of Art?
Where can I get a mortgage on a Work of Art?:confused:
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any advice
Hello, I was wondering if anybody could give us any advice with regards to buying & obtaining a mortgage. Heres our story/situation. We were declared bankrupt in June 2004 & was discharged in December 2004 & have been living in private rented accom April 2004 paying £550 rent per month. We earn now OH £21k, me £14,700, we…
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remortgage to get debts in one place?
hi everyone, i got my first mortgage 7 months ago and have been spending a lot doing the place up, all in all i now owe around 14,000 most of which is on a secured loan (i had to go down the secured route as i am only 20 and couldnt get unsecured and even though the interest rate is hideous....14% it was still a bit…
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Phoenix Endowment Settlement
My old RSA endowment policy has terminated and Phoenix have sent me the final statement and asked me to sign a form which states that "the policy shall be cancelled and all liability thereunder discharged". The payout is £1500 short of the target amount, wheras under RSA the last projected surplus was £5K !! I perhaps want…
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Remortgaging advice
Hi Guys and Girls Hoping someone can give me a little advice here. I currently have 2 mortgages with the same lendor due to upsizing 4 months ago whilst still in a fixed rate period with the first mortgage. The second mortgage i deliberately got without an early redemption penalty so that it opened up my options when the…
