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Final amount received less than agreed.
We took out a mortgage endowment in 1996 for £28K over 15 years. We found out this year it was under-performing (they had been writing to the wrong address.) They agreed we'd been mis-sold the policy as they carried out a financial review at the time and concluded we were cautious investors who would not invest in the…
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Advice on selling endowment
Hi, any advice appreciated. My endowment policy is coming up for 10 years out of the 25 years and is projected to fail. I asked for the surrender value and it is less than the accumulated monthly premiums I have paid in. Can this be correct? Also, I enquired with a company about selling it and they said because it is not…
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Average Mortgage?
Hi No real thoughts behind this or anything but we were talking about this in work - What is currently the average mortgage? I am paying £948 per month....22 years of payments left, on a house worth £200k. Think I have £146,000 left to pay. Have another 3 1/2 years left on a 5.29% fixed deal. No real thoughts behind…
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FTB Help needed
Hi there everyone, Me and my hubby are wanting to buy our own home but are really struggling and could do with some sound advice from you great folk!!! The problem is that my hubby is a non eu national and there fore does not yet have indefinate leave to remain in the uk (he will have in approx 6 weeks). He is here on a 2…
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Dovetailing end of fixed rate & remortgage
Hi, Sorry if this daft, but I've had a mortgage for 7 years, but never done a remortgage (mostly due to selling and then not immediately re-buying). I have a fixed rate product with A&L 4.89% which ends on 31st August. I have everything in place for a new mortgage with One Account and the solicitors say they will sort it…
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Consent to Let Criteria
Hi, I have the opportunity to live somewhere rent free for the foreseeable future and have been contemplating letting my house in the mean time to pay off the mortgage quicker. As I understand it I need to request the consent to let from my lender the 'One Account' but I'm wondering what the criteria for allowing this…
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Fee free mortgages???
My partner an i went to Nationwide at the weekend as our current 2 year mortgage is coming to an end They have just taken out all fees (except one) when you switch to a new mortgage which save £600+ which is great but the mortgae we were quoted wasnt great Does anyone know of any other companies that are running similar…
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can i make a claim
sorting some old paperwork out yesterday i came across the paperwork for my first mortgage which i took out in aug 1998. the mortgage was for £36900 with the royal bank of scotland. i remember at the time something about a fee added to the mortgage (cant find the original mortgage offer) but have the first statement after…
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Newbie question - unlocking equity?
Hello all, I was hoping to outline my scenario in the hope somebody might be able to point me in the right direction! I bought a small 1-bed flat in Richmond, Surrey almost 4 years ago. The original price was £160k. I paid an £85k deposit - for which I am paying back a benefactor at a fixed rate of £300pcm. So to cover the…
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self cert,need more than 75% ltv
1st time house movers def need a self cert,existing lender(b+w)seem to be only offering 75%ers, 85%ltv is our min,90%would be better,are these ltv still available although we realize they come with higher rates help me obi wan.. your my only hope....
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Advice needed please
Hi I really could do with some advice if anyone can help me Me and hubby have an interest only mortgage with tsb for 195k, the house was valued at 215k in April but due to the housing market I think we would be lucky to get 200k for this. We are struggling at the mo due to the credit crunch and wonder is it worth battling…
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Endowment. Should I Cash In?
I have a Prudential (originally Scottish Amicable) endowment policy. I changed to a repayment mortgage about five years ago and kept the endowment as a nest egg for the future. I received a surrender value in June. Here are the details: As Of 10th June 2008 Prudential (Originally A Scottish Amicable) Policy 10 With Profit…
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Advice About My Isa Backed Mortgage Please.
I have an ISA backed mortgage with Nationwide and im thinking of remortgaging with First Direct to an offset mortgage. I have already enquired about my settlement figure but was wondering if anyone could tell me what would happen to my ISA? Could I keep it open, cash it in or would I lose it all. Ive been paying £50 a…
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(Yet another!) FTB Query
Hello Everyone, I thought i'd post my query here since this looks to be a very valuable site. I'm a 25yr old FTB, looking to buy a house at approximately £100k I have a deposit of £30k, so looking to borrow £70k - A quick hop onto a mortgage calculator makes that circa £480 a month, though I maybe wrong. I earn £34k (£1900…
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Remortgage BTL to release cash?
Hi all, I want to remortgage my BTL, which I used to live in until I relocated with my job 18months ago. The BTL is in my own name, but I bought a house jointly with my partner 18 months ago for 100%(10% personal loan etc) with Northern Rock. I didn't sell the house I owned as we both had well paid jobs and we could use it…
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Estate Agent valuation versus Bank/BS valuation
Hi folks - newbie here My fixed rate is ending in December and I'm looking around and checking whats available with new lenders. As you'll know, most of the good deals (or best deals) tend to be upto 75% LTV. Based on an estate agent valuation recently done, I'm probably at about 70-72%. However, I'm concious that a…
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help please on my tracker mortgage!
hope someone can help me understand! we have a woolwich lifetime tracker at + 0.18% above the BoE rate, which when we took it out was 5.68%. now it has dropped to 5%, why do we still pay the same monthly payments as we did a year ago?
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Endowment query
My gut feeling is to surrender this endowment but before taking the plunge I thought it best to run it past a few of you in case its going to be the one in a million to become a winner. Also I heard some companies buy these? Any idea where to start with this and is it worth the hassle? Lastly is there a good time of year…
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MBE for Martin
Hi folks i dont know if anyone has posted anything like this before , if so my appologies. Martin has done so much for so many people , we could all write or e mail downing street. He fights for us all ! what do you all think :beer:
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Remortgage after 3 months
Hi, I bought a house about 2 months ago, now I would like to remortgage. My current mortgage has no tie in and I have equity because I bought the house cheap. Does anyone know if it is possible to remortgage earlier than 6 months of ownership? I am assuming this forum is visited by mortgage brokers. Thanks, seabro
