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Time-barred & appealing via FOS .... Advice please
Hi Guys, I am having a bit of a battle right now with a 'mis-sold' endowment. My case is with the FOS, I have been time barred so i've requested exceptional circumstances. The provider did make a derisory offer with their final letter. Hence it was then referred to the FOS. So a bit of history: I contacted the provider by…
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What would you do!!
I currently have an endowment policy with prudential, I pay £60 a month and have around 7 years left to go to maturity. Like most people i am going to get a shortfall of around £10 grand. firstly this is not linked to my mortgage, i use it as a savings account. is it worth selling the endowment and putting the money…
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Getting a Mortgage advice - 3 defaults
Hello All, I am new to this website but would be grateful of any advice. My hubby and I have had an offer accepted on a new property with Wimpy under their 75% scheme and easy mover where they pay our 5% deposit. We have to use their financial advisor who has said he will use either Halifax or NatWest to get our mortgage.…
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Endowment policy - final bonus reductions
Hello all This is my first post on this forum so please forgive me if I'm posting in the wrong section. My question concerns the final bonus payment that I should expect to be paid on an endowment policy with Friends Provident which reaches maturity on 1st Feb 2009. In the summer, FP reduced their final bonus rates on my…
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Is it worth it?
Hi everyone, I would just like some opinions as to whether or not I have a good mortgage deal and if it is worth changing. We are currently with the Coventry BS and in May will come to the end of a fixed rate mortgage at 5.4%. After the fixed rate ends, the mortgage automatically switches to a variable rate tracking at…
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Is offset better for us?
Hello, I am very much confused about which mortagate to take. Our current deal with halifax of 4.79 fixed for 2 yrs in coming to en end in December. I am very much interested in offset but i dont know if its suitable for us. Our load is 160,000 and we have 25k in savings/ISAs. Is it better to go for offset rate which is…
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Igroup and FNB jokers
has anyone had the e-mail through from GE Money about their 1.10% increase on rates up to 80% LTV and 1.70% increase over 80%. Oh well the one case I have placed with them in the last 5 months won't bother me. I think they are going going thank god.
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Can I sell my house?
Im currently in a large amount of negative equity and am coming to the end of my mortgage fixed rate hence will find it almost impossible to get a new mortgage on my house at a decent rate. When the rate goes up I will really struggle to make my payments and could really do with selling my house to avoid getting any…
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Fit and proper test for EU citizen
Hi, I've seen many helpful people here, so hope I'll find the answer too :) I'm working for one of the high street banks and have recently been offered to train up to MA/FA position. Apart from passing CeMap and CeFa exams I understand I need to be aproved by FSA. They ask for any convictions in or outside of the UK - my…
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Remortgaging - Can anyone recommend a good interest only product
I'm remortgaging at the moment and looking for a good interest only product. I'm currently thinking of using HSBC and their 2yr discount special product. They seem to cover all the remortgage fees and only charge £249 booking fee. I need to borrow 140k and my house is worth around 200k. Can anyone recommend any products…
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Getting a rate reduction after booking?
We applied through our IFA for a remortgage from a fixed Northern Rock product which runs out on October 1st for a 2-yr fixed deal with Nationwide a couple of weeks ago - we applied at the rate at the time of 6.33% with a £599 fee that can be added to the loan - we had the valuation done, but we needed 90% LTV, and the…
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cefa/cemap advise please.
I worked underwriting mortgage apps for a bank; i decided to do my cemap. I have passed this now. However with the mortgage market slow I have struggled to find a trainee mortgage advisor jobs, I have also now been moved to a basic admin dept. I am only earning 13k pa. I have decided to do my cefa in hope that I will have…
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advice on mortgages
:confused: hi first time on forum please be gentle. i am looking for advice. i own a house witch i rent out . beside it has a fair plot of land witch i hope to build a one bedroom house. planning is going through at the moment. thats the easy part tried to get a mortgage but none of high street banks want to know even…
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Help...new to this....have bad credit!
First thing is first, i'm new to the site but following a successful reclaim of £146 from N-Power and getting my council tax lower i wanted to delve a little further. Got myself into bad debt being a student, now have a £7000 loan in my mums name that i pay (i earn 22k per yr) and have no credit cards anymore, well just…
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loan increase on switching to BTL mortgage
I have a regular mortgage with Abbey and I'd like to convert to buy-to-let. I would also like to release some equity in the property at the same time. Mortgage outstanding 45k, property valued at 250k a year ago, so even factoring in decline in prices there's still ample margin. Rental value is 1,000 pcm by the way, so…
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HBOS mortgage
Hi, Not sure if this is the right place to post or not. Im asking for some advice for my sister, she currently as a HBOS mortgage which runs out in 2010. She split up from her hubby and she got the mortgage changed to her name, however, between them, they have many debts. He is paying the joint debts and paying her half…
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Offset,SVR or full term tracker?
Hi Hope you can help? I have a small mortgage with 8 years left to run, current product comes to an end soon. I am with YBS and see that they have a Offset SVR at 6.9% or a Full term tracker at BOE base rate 6.79% plus 1.79%-will not fall below 4.79%. I want to stick with Offset as I have some savings and would like the…
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First Time Buyer
Hi, I was wondering if anyone could give me a little advice... Me & Boyfriend are looking to buy a house after xmas, we are both young (20/21) so only have a annual salary of £12,500 ruffly... at the moment we are looking to get a morgage for £70-90K with a £6/8K deposit obviously with the market not being too great at the…
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Endowment policy necessary?
Excuse the stupid question. I have been out of the mortgage system for quite some time. I am making prelim questions for my lads. I would like to know, is you say buy property for £180K and borrow £140K on an interest only mortgage. Is there a requirement to quarantee the £140K to the building society in the form of an…
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Advice Needed Please
A year ago , I purchased a house through the "open market" buy scheme, or in other words throug the "key worker" system.I was wondering if I can re-mortgage to another company without expensive charges ? I really would like to have a regular mortgage if possible. Any advice would be grate:j fully appreciated.
