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Pru (Scot Am) endowment maturing March 09
My endowment policy is due to mature beginning of March next year. I requested a plan value and received a letter giving various amounts. What Im not too clear on is that the Surrender Value is only £400 ish less than the "Possible Maturity Benefit" if, of course I am reading it correctly. If this is the case would I be…
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TML and Kensington
Hi all. It is not often i post on this site but have recently been concerned on aspects of my mortgage provider. We origionally took Kensington Mortgages as ourprovider when we remortgaged in 2003. We contacted a company called TML who charged a hefty fee to scour the market to find a suitable mortgage comapny. They came…
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Offset Mortgage - might I owe it all!
I am a married man with 3 schhol-aged children in private education. 18 months ago I set up a £500,000 Openplan (offset?) mortgage with Woolwich (Barclays) where I could call off elements of the money as I needed it to pay school fees. So far I have used £200,000 and the system uses the £300,000 I haven't used, to offset…
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Halifax Mortgage in Principle
Hi all, Any advice would be appreciated!! My hubby and I have had a mortgage in principle offer from the Halifax. Does anyone know whether this means we will definately get a mortgage from them. I thought I had a couple of defaults on my credit file but have downloaded my file from both Experian and Equifax and there is…
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mortgage payment advice....
l thought l had enough in the bank to pay this months mortgage but was 34p short so they did not take it out. l got a letter from them saying they would re apply in 7 to 10 days to take out mortgage payments for this month. Now they the abbey national are charging me £35 because they could not take out the mortgage on the…
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remortgaging next year on 100% mortgage: advice pls?
hi all, Just looking for a bit of advice if possible. Last July (07) myself & (now) wife took out a 100% mortgage with A&L for £164k It is interest only and is 4.75% fixed which ends july 09. The mortgage was actually made up of a 5% unsecured loan, and 95% mortgage, but it was all part of the mortgage deal. My question is…
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Woolwich will count tax credit as income
Just thought I would post as this may help someone. I have just applied for a mortgage with the Woolwich who will take the 2 parts of working tax credit as income (not the child tax credit). This has meant that my income is enough to borrow the £65K I need to buy a house with my mum. I work part time. My mum is 75 and when…
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Late endowment complaint
I complained some years ago to a company who I believe missold me an endowment. This was rejected by them and I gave up. My endowment is now forecast to seriously underpay. Can anyone tell me if it is possible to complain to the Financial Ombudsman?
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Capstone Mortgage Services and Prefered Mortgages
I was wondering if anyone has any news on what is happening with this pair? Both were/are subs of Lehman Bros but have heard little about them to date with the latest circs of the parent company. The Capstone Website says not a lot, nothing new in that. Email's bounce, nothing new in that and the feedback form receives no…
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What credit score for good mortgage rate
As the title says,,,,,,,,,,,,, What is the minimum credit score needed to get a half decent mortgage rate? Thanks in advance
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paying off endowment mortgage
Hi, I hope someone can answer this. If I pay off my mortgage early does the endowment become taxable? Also NU/aviva have promised to try to make up at least some of the shortfall. If I pay off will I still get this possible extra? Many Thanks
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Help-How2GetMortgageUnderTheseCircumstances
I am seeking advice , I do not have any bad credit rating. I had a nervous breakdown five years ago whilst studying BSc(Hons) when my Father died unexpectedly. Previously, I luckily passed city&guild in Plumbing and now undertaken further training as a Gas Fitter and then CORGI registration to be complete by the end of…
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please hep. offset / savings
Hi all , I will try to make mysef as clear as i can. I have a mortgage for £150.000 with barclays and I have a total of £80.000 in savings offset againt it. now, Barclays (Woolwich) allow you up to 12 pots with which can be offset. they have names I.E holiday - bills - car - Mortgage - Christmas, and so on. I have renamed…
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Nationwide Remortgage
I have an existing tracker mortgage with Nationwide which is due to end on 31st October. I checked their website to see what offers they have and decided to go ahead with their 3 year tracker which will be 0.64% above BBR, for which you need 75% LTV. I'm currently paying 4.87% (had a very good 2 year tracker deal) but this…
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YBS mortgage rates apparently will be rising v. soon
My 2 year fixed rate ends feb '09. I've just been to yorkshire building society to pay £485 (£195 fee & £290 surey) to secure their 10 year fixed rate of 5.89% (10% LTV). The girl behind the counter said their rates would be going up by 0.4% approximately, sometime over the next couple of days so if anyone has been tempted…
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First National Direct (Please read if you have a mortgage going through with them)
The volatility in global and UK financial markets has resulted in a dramatic increase in the cost of funds, which is the key component in how we price our products to your customers. As it is likely that these conditions will persist for the immediate future, we have had to review all of our rates and fees to ensure they…
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Halifax mortgage repayment fees
Hi After over 30 years, our mortgage will be paid off this month. Yipee!! :j The only problem is they're asking us for a £50 repayment administration fee and a £50 deeds despatch fee. I know it's a long time since we took the mortgage out but neither of us can remember being told that we'd have this to pay. It seems…
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Offset Mortgage Question
Please guys, can you tell me. Is it possible to offset with money that is not mine, say my fathers. If he had £50K earning 5% net but used it to offset my mortgage at 6% and I paid him the 5% and benefit by 1% for example. Is it possible, do you have the monies in different names or would he just give me the money to use.…
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Halifax Promise - will it stick?
Has anyone had any experience of Halifax pulling out of mortgate promises in the current climate? Halifax were my secong choice lender as the other lender was falling short with the amount they could lend me. I have managed to get quite a good deal with Halifax and my credit rating should be pretty good, i've only missed…
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Problems with Halifax mortgage promise
Hi, My girlfriend had an appointment to view a newbuild flat (I know!) arranged for today. When she first expressed interest in the property the EA said that before they would conduct a viewing they required that: a) She had a meeting with their financial advisor. or b) Showed them an agreement in principal for a mortgage.…
