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Help needed to write to Ombudsman please,
Could anyone offer advice? I took out my endowment morgage in the early 1990's, a few years later I became aware that I would suffer a shortfall. I made an appointment with my bank manager and asked for advice. He recommended I take out a monthly Scottish Widows bond to cover the shortfall and thankfully, with a struggle I…
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Halifax before completion
I was just wondering what checks Halifax makes before the fund are released? Is it just a simple credit check or does it go futher? Thanks x
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Massive Endowment Shortfall. Is this right?
Hello. My wife and I both have separate endowment policies which were taken out originally with separate mortgages we had. My wifes policy is about to mature. She has been paying almost £200 a month in for the past 15 years - a total of around £35,000. The projected payout at the time of taking it out, was £60,000. She has…
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Can Anbody help!
We were silly enough to take out a 100% mortgage with northern rock 4 years ago. We are now on 7.49% svr; our mortgage payments have gone up over £200 per month. We are just about managing to pay this at the moment due to hubby working all the hours god sends. We have been contacted by northern rock a few times offering us…
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Deal or stick?? offer ending this month!
I have a nationwide tracker (+0.24%) on base rate. However it finishes at the end of this month!! I will then go onto nationwides standard variable rate. Nationwide have offered me a new deal which is again a tracker this time +0.64% with no fee for arranging. Do I hang on and wait for a better deal or will I be better to…
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leaving northern rock early
Hi We are year 2 into a fixed rate mortgage with northern rock. Our house is now on the market and would like to sell. The house has been on the market for a year, started at 299k and now we are on at 235k. At this rate we can only just afford to sell without being in debt. Because we are not looking to buy a new property…
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Remortgage- 5 years fixed?
First time posting so thanks in advance for any advise. My husband and I took out a discounted rate mortgage in April we were building an extension to our home and though it wasn't the most competitive rate at the time it suited us as it wasn't fixed in and had a draw down facility. The work is now completed and we have…
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buy to let
Is there a government body for help if you cannot afford to service a blt mortgage
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Can we have a new sticky?
There are so many threads regarding either negative equity or customers coming to the end of a preferential fixed rate and seeking advice on what to do - the answers are generally the same to most of them. Can we have a sticky?
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Validity of mortgage agreed in principal
Hello all, This is my first post so please go easy on me. How long is mortgage agreed in principal is valid for? Can one have maximum of 6 months validity on it? Also is mortgage agreed in principal also known as mortgage promise?
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Decreasing Property Value/LTV Ratio
Hi There! Last summer I borrowed approximately 85k to purchase a flat at £128k - within a month or two of buying the place, the property market went 'pear-shaped.' My fixed mortgage (4.99%) comes to an end in the summer of 2009, and I am becoming increasingly anxious with regards to re-mortgaging and the general financial…
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Stadard Life?
Hi sorry i've put this in a different thread; but I was wondering if anyone knewwhat they were doing in regards to passing on BOE rate drop? I think they go by Libor and havent passed the last rate drop onto customers adn im scared its actually going to go up as I hear the LIBOR has. Im freaking out a bit; please let me…
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Mortgage Type
cant seem to find on here the type of mortgage that i think i have heard about where the bank/building society that lends you the money to purchase your property - they lend you 50% of the house value, you pay a 25% deposit and they retain the other 25% of the equity. ???? hope that makes sense
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Effect of economy on edownment return
I have a 25 yr endownment which is in it's last year - ending in March 2009. Reports up until now state that I am likley to be £6k over the repayment. Is this likley to significantly change due to the current economy problems?
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Endowment Surrender value low
I have an endowment(Windsor Life-Homemaker) that has been running for 14 years with 11 left to run. I feel I am waisting my time leaving it in there. I just recieved my yearly letter telling me how much it was worth. I decided it was time to surrender it. I asked for a surrender value. My fund value as of 7th October is…
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Estate Agents
not sure if we have been a bit naive and fallen for a simple con trick..... we made an offer of £150,000 for a house currently for sale at £164,950. the estate agent rang us the next day and said our offer has been declined and despite this house having been on the market for 2 months+ with no interest being shown in it…
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Should I hold out til LIBOR rate goes down?
Hi. I am coming to the end of the fixed term deal we have and after this our mortgage rate will be 1.95% above the Libor rate, which I last heard was 6.8%, hiking us up to a whopping nearly 9%. I know its a really poor deal, my husband had a few misgivings on his credit file when we took out the mortgage, but we are in a…
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advice needed please
had the amount we were offered reduced, on further advice have been told to get more advice from people that know, so here is part of the email i recieved on 18/8/08 we were told that this offer would run out in feb 09, so after talking to a friend who is a little more up on things like this than me, said i need to get…
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Mortgage Help Needed Please!
Hi Our mortgage deal is about to come to an end (we have had a fantastic rate of 4.10% fixed rate) over the last 3 years! I have had a quick look today for mortgages and with the credit crunch etc I cannot see anything in the slightest resembling this offer. I was just wondering if anybody has any advice or who knows any…
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mortgage rate went down after i renewed
please someone help i agreed a rate of 6.29 back in july as i was worried about the rates going up my payments don't start untill next month and the rate has now dropped down to under 6% i am with the abbey, so i rang them and they said there was nothing they could do because i have agreed to the terms and entered into a…
