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Advice really needed,current mortage coming to an end..
Hi everyone, You'll have to bear with me as it's a bit complex and I'm useless when it comes to this stuff. Okay,our current mortgage ends in December this year with Capstone, so obviously I need to start shopping around. That's where the problems start. We have major financial difficulties thanks to my husband nearly…
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please help -should i sell/cash in my endowment
hi i im in a dilema at the moment and need a bit of help. i have an endowment that i think i want to sell but or cah in but m not sure which the best option is. here are the details i have: prudential target £23650 proj shortfall at 4% £6405 - at 6% £1650 ? sv £5170.59 monthly premium £47.10 start 4.3.1999 end 4.3.2024 i…
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picky lenders
in this climate, lenders are obviously a lot more picky. I am hopefully about to exchange on the sale of my flat but the buyers lender now wants to see (through her solicitor) proof that my flat did not need planning permission to be a flat (it was a flat when I bought it 3 years ago). Apparently I need to get a…
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Offsetting queries
My OH and I were considering a fixed mortgage (2 yr fixed, 25 year mortgage) - potentially was looking at Nationwide but now are erring more towards offsetting. We've got 10,000 in my cash ISA and 3,000 in OH's and potentially another 10,000 spare cash (if my car sells soon) that could be offset. We're currently planning…
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who is lending money for a 106 agreement?
Hello, has anyone any info or advice or guidance on WHO will lend money for a 106 agreement (apart from the Halifax) The story so far............ the restrictions are unworkable and have gone back and have been revised from £100,000 to £120,000 which is STILL unworkable ( the Halifax will lend once it is up to roof height)…
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Halifax Homeowner Loan
Hi, I'm considering applying for a loan to be added to my mortgage which is through Halifax. We loaned £40,000 9 years ago and would like to loan around £15000 on top of this for home improvements. We tried to get this a few years ago and they turned us down as we were having some credit problems at the time (about 6 years…
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Fast Track Mortgages
I have just recently split from my partner and am looking to buy him out. I have been advised that I can do this with a 'fast track mortgage'. In which as long as I can prove affordability (ie... with my current salary, renting a room and parental support) I should be able to do this. I will be looking for an interest only…
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How long for First Direct Mortgage Application
Last week I decided to reserve a FD fixed rate mortgage and was told on the phone after 50 mins of questions and info, and paying the booking fee that although it was not a formal Decision in principle, they would be willing to lend to us pending the provision of documents and completion of application form. These were…
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Walking away from a mortgage
Can anybody offer any advice? My nephew has been dumped by his girlfriend and she is moving out with their 2 year old daughter, she has spoken to an advisor and has been told to sign the house over to my nephew. The trouble is that they were given a 120% mortgage and when the 3 year fixed rate term finishes in June he will…
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*news Flash*
MARTIN LEWIS IN PLAIN SHIRT SHOCKER Martin Lewis was seen this morning on GMTV wearing a plain blue shirt. When asked about this controversial wardrobe adjustment Martin said, 'I'm famous for wearing my stripy shirts, I took advice from the GMTV Fashion Correspondent some years ago, who told me that vertical stripes make…
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Endownment Compensation Negotiation
Hello I'd like some help on deciding my next steps. The situation is this - Endowment plan in 1999 - value was £126k. It is underperforming, and thanks to Martin I wrote a letter to the AbbeyLife who sold us the policy. After filling the forms, Abbey have come back and offered us £8k. That's nice, however I want to know…
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Remortage advice please
Hi I would be really grateful for some advice please. We are coming to the end of our C&G fixed rate mortgage at the end of October. As I was concerned about remortgaging (and our first baby was due) I managed to secure a Woolwich 5 year fixed rate mortgage through our broker in April at 5.69 with an £1,000 fee at 80 LTV.…
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Mortgage Payment protection wont pay out
Scenario: Mortgage with Yorkshire Bank...includes Tailored Mortgage protection...paid @ rate of £10.00 pm for 10 years...never defaulted on mortgage or insurance payments...laid off 3 months ago...had to sign on...MPP pays out on proof of benefits...allegedly...contacted company to make claim...told not enough has been…
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Buying abroard
I have almost finished paying my current mortgage, by making overpayments and wanted to borrow more money to buy a villa in florida. I contacted my current lender (Egg) who have said they are not doing new or re-mortgages at the present time. I have not intentions on moving from my current UK property in the foreseeable…
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Reclaiming mortgage arrears and imposed 'debt counselling' fees
Hello all apologies if these questions have already been posted and answered a dozen times or so elsewhere. But here goes...due to my wife having to take a cut in her hours and so therefore less coming in, I unfortunately built up a couple of months' arrears with Kensington Mortgage company about five months ago (we took…
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Will anybody lend on Freehold Flats?
I have a 3 storey 2bed semi which has a large annex to the back of the house. The property needs complete renovation. My intentions are to bring it back to habitable standards and rent. The basement consists of two rooms which could be knocked through to the annex to create either a studio or 1bed flat. My question is once…
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Endowment and mortgage
I have a standard life endowment that I pay £21 a month into. Currently its worth £5330 Projected value at maturity dec 2017 is £8810 So 100 months of premiums @ £21.24 = £2378.88 Adding that to the surrender value makes it £7708.88 There is also the standard life mortgage promise to consider(if that is worth anything…
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arrangement fees
hi everyone i'm looking for a little bit of adivce..... me and my girlfriend we are first time buyers, we had found the perfect house and upon time 10am this morning were about two weeks from completing the sale of the property...... but the seller has pulled out of the sale and decided to rent:eek: . we have already paid…
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Switching from Repayment to Interest Only
Hi My first post - be gentle with me! I'm currently with Abbey. I've been on a variable repayment mortgage since last year while waiting for an Aussie visa. That has now come through and we are trying to sell our house in which we have a large amount of equity. (Great timing eh?!) I am also about to go on maternity leave…
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Mortgage nightmare, can anyone help?
I need some advice from people here. My boyfriend needs to remortgage desperately. His deal came to an end this month, and for various reasons only found out today that his mortage is going up. He owns the property with his ex wife, and neither of them live there anymore, he rents and she lives with her new partner. The…
