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Mortgage & Return to Work After Mat Leave Dilema
Hi, I would appreciate your thoughts... I am due to return to work soon following maternity leave. Financially we could afford for me not to return, however the problem would be the mortgage and remortgaging next year. The mortgage is in my name, and due to a few poor financial decisions made by my partner in the past…
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Advice reqd from the professionals
Hello, Im a recent graduate from Bham uni (business) and Ive always wanted to get into the finance sector. For the past year Ive wanted to be a financial advisor and get there by doing a cemap but now after saving up the £1000 to do it, Im having second thoughts?! Is the money for cemap worth it, and will I get employed…
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why is the lender asking for this info?
my broker has come back to me today to say the lender i am trying to remortgage with wants my current lender(kensington)to write a letter to them to say they have never started repossesions against us. about 2 years ago they did as we were nearly 3 months behind on the mortgage i contacted them straight away and was told a…
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Mortgage advice
I am due to remortgage at the end of December and a mortgage broker has suggested a 5yr fixed rate at 5.78% with the Nationwide. On checking their advice I spotted a 5yr fixed offset mortgage with First Direct at 5.98% with the savings I have I could reduce my mortgage by five years with the same payments as Nationwide.…
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Should I cash my Endowment?
Hello, I'm a newbe to all this, but I wonder if anyone can offer advice? I have an endowment policy with Scottish Life. 'Profitbuilder House Purchase Plan' which is Not with profits. It is no longer going to be used to purchase a house but does have some value for life insurance, I suppose. The monthly premium is £87.66…
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Thinking About Interest Only..
Hi all Me and my partner have recently borrowed almost £22000 between us on 0% credit cards, this was to pay off a no interest loan from a family member. The minimum payments on these cards (8 in total) are £474 a month, a total off £5688 in the first year would be coming off the total debt. This obviously leaves us…
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What's the definition of a 'perfect' credit file for remortgage purposes?
Hi As a family we need to buy a 4 bedroomed house due to our new addition. We currently have a three bedroom property that holds approx. £70,000 equity which gives us a fairly hefty deposit even accounting for holding some capital back for home improvements when we move. Anyway, my question is, as we will need to…
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Nationwide mortgage overpayment problem
I'm having a real issues with some Nationwide mortgage overpayments I made last week and I don't know where to turn or what to do next and hoping that someone here might have some advice. On the 1st Sept, my mortgage product changed from a fixed rate to the standard variable product which allows unlimited overpayments, so…
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Mates Mortgage
Myself and three friends have been discussing buying a house together as it is the only way we can get on the property ladder. However, there does not appear to be a straight forward method to compare group mortgages, unlike standard mortgages. Could anyone offer any assistance and information reguarding group mortgages.…
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Egg payment breaks
Hi can anyone explain how the payment holidays work with Egg's offset mortgage? For instance, if I took a 6 month break, would they just extend the term by 6 months (meaning I'd end up paying the same, subject to changes in interest rates, but for 6 months longer) or does the fact that I haven't paid any capital or…
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Removing Name from Deeds requiring Remortgage
Hi there I am sure that I don't have a case here, but let me see. I currently have a joint tennancy mortgage with my wife, unfortunately we are in the process of separation. As a part of this I am to take on the mortgage and house, which financially I am able to do. When I approached my lender about this, they told me that…
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Predictions about mortgage market bottoming out
Hi all. My first post. Have come on specifically to ask this question. Is there any consensus out there about when the credit crunch wil begin to lose its bite and mortgages start to become less difficult to obtain? As someone with an imperfect credit record and looking to buy within the next year or so, I'd like some good…
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Am I a first time buyer?!?
I think i am but i'm not sure! Basically my wife landed a big inheritance and with that paid outright for the flat we moved into (current value 90-100K). now we're considering moving to a place around 150K so the idea was i'd take out a mortgage for around 80K (pay off some debts at the same time and free up some money for…
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Interest only for a few months? Advice please
:confused: Hello :-) We are currently fumbling in the dark for our lightswitch :o and one of the things we hoped to do to try and get us back on track (aside from live on £20 a week for 6 weeks to enable us to pay off the overdraft - but thats another story!) was to either take a repayment holiday for three months on our…
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Early repayment charge question re: Northern Rock
Hello all, Long time reader, first time poster etc. My wife and I currently have a fixed rate mortgage with Northern Rock until Dec 09. We need to remortgage earlier than that to free up funds to pay for IVF. I spoke to NR regarding the early repayment charge which currently sits at £1800 to see if that could be waved /…
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possible surrendering of endowment policy
Dear readers and experts alike. I took out an endowment morgage in 1985 for £40000 with royal life and am paying £65/month This was then moved to phoenix group and today, I have rung them out of curiosity and have been informed that the surrender value today is £27500. Or, if I leave for the full term which will be oct…
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What costs are involved with re-mortgaging?
Our mortgage runs out in December and we will need to re-mortgage to avoid the lender's SVR. I just wondered what costs we can expect, I really have no idea as I have never done this before. I am really worried, because we have just borrowed £12k of our parents to have some major repairs done on the house and we therefore…
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Barclays Bank
Do Barclays Bank have a customer charter or Mission statement and how does one see this. HAS ANYONE ANY IDEAS?
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Help!
hi My mortgage fixed rate with NR ran out on 1st Sept, i applied for a re-mortgage with BOS (Halifax) in JUNE and have today been told that i have been rejected!. it took so long because they lost paperwork etc and asked for bank statements 2 days before my mortgage fixed rate was about to end! Myself and partner need…
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Uk Banks
Does anyone know whether UK banks dealing abroad under their UK brand name should have the same standards as in the UK?
