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Mortgages & Bank Statements
Hi, this is my first post so hope it's in the right place! I just wanted some advice on the mortgage process. We're 1st time buyers and are trying to join the Homebuy Direct scheme or something similar (I know a lot of people on here don't agree with them but that's not what I'm posting about). We have been told by the…
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Endowment misselling claim
I have a NU (was CU) endowment taken out in April 2006. The Financial advisor was Berry Birch & Noble, who I believe were known to some in this forum and no longer exist under that name. I have a few months before I will receive my third red letter from NU. If I wish to complain about mis-selling, to whom should I do it? I…
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Advice Please - Fixed vs SVR
Hi, Mine and my husbands mortgage needs renewing in a couple of months. We bought our first house together 2 years ago, so this is our first ever experience of renewing a mortgage. After speaking to our current lender (Halifax) they've told us that if we go onto the SVR the rate is currently about half of the fixed rate we…
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Worth moving? Just months into a new deal
We were asked when we were in our local bank (not our mortgage lender) if we would consider moving our mortgage to them. I explained to them that we had just took out our existing deal in August last year and that it was a fixed rate of 5.45% for three years and I felt the penalty clause would be high. Anyway they did some…
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What help can I expect?
Hi all, I won't bore you with all the details but my income has taken a real dip in the last six months. I have not missed any mortgage payments but have now run out of money. I still have a around 50k equity in the house. I'm going to contact my lender A&L to ask for some breathing time. My ideal solution would be a…
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got an interest only morgage? Whats your plan?
Do you have an interest only mortgage? If so,do you have a repayment vehicle and if so what is it and how does it work? If not,whats your plan of action? Are you hoping your home will increase in value,you can sell,make a profit to finance a better situation? What about interest only,no repayment vehicle AND negative…
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Property Dilemma - please help! :)
Dear all, Here’s my situation: I own a two bedroom flat in the West Midlands which I purchased for about £78,000 approximately four years ago. I’ve now been relocated up to Liverpool and am renting a property up here. The flat in the West Midlands has been switched to a West Bromwich Buy to Let mortgage with a view to…
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hi all a little help for my mum please
hi there this morning my mum recieved a letter telling her mortgage endowments shortfall at the end of the mortgage and advising her that she should claim if she can. so the advisor was barrat financial advisor, the morgage is with lloyds tsb, and the shortfall(as in the letter) by 16/2/2019 will be £34,150. i dont know…
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mortgage questions - primarily about the ownhome scheme
Me and my partner applied for the ownhome shared equity scheme before christmas and we got a phone call last week to arrange our interview to see if we are eligible. I have a couple of questions for people who have already used the scheme or that might be able to offer me some advice on mortgage applications. 1. Do you…
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Mortgage question
I wonder if someone could clear this up for me. I have a part endowment and part repayment mortgage [21k and 7k ].My mortgage has 7yrs to run but i hope to pay it off sooner. I,am currently over paying £150 per mth which is bringing the 7k repayment part down but what happens when i pay this off earlier? will my…
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Help needed ref cashing in of endowment
Hi everybody, Really need some advice ref my endowment Policy. Started it with Winterthur in March 94 so 15 years including next months payment. Have been paying in 49.66 a month. Have been toying with the idea of cashing it in to pay a chunk off the mortgage. Not had this years statment yet but last year was just over 10…
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Post Offce - Fixed Rate Changes - Any idea?
Hi all, I've just spoken to the Post Office asking about their 5yr Fixed for 90% LTV which is currently at 5.85%. The person I spoke to was very helpful and explained some of the details but then mentioned 'but obviously the only major thing that would change would be the rate'. Initially this confused me as a fixed rate…
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endowment paid up
Hi just some advice please I have just had an endowment paid up and the mortgage company HSBC have paid off a £19,000 interest only mortgage and £20,000 on the ther £43,000 interest only mortgage I understood they were paying the whole £40,000 off the £43,000 mortgage they said they would change it around if I wanted. Both…
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Changing jobs in middle of mortgage application
Hi. After years of waiting (first time buyers) I'm looking to buy a house with my partner. We have a big deposit (30%), and are borrowing a low income multiple (1.5 x joint income). We have an agreement in principle from First Direct for the mortgage we want, and could borrow plenty more if we wanted to. I am in a…
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mortgage options: good credit rating, big deposit, no provable income for 6 months
Probably a dumb question as I have a feeling I know the answer already (talk to a mortgage broker) but thought I would post on here first to test the water. I have seen a property that I am very interested in buying and would only need a mortgage of about 60K (about 28% ltv) as I have plenty of equity in my current home…
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Removing Name from Joint Northern Rock Mortgage
Hi, I have a joint mortgage with Northern Rock for £50,000. Myself and my flatmate have been paying this for just shy of 3 years. I am looking to move out and I want to simply remove my name from the mortgage and sign it over to my flatmate. I know i can do this if he finances as if it were a new mortgage and he seems…
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looking for a a low SVR with low arrangement fees, does one exist?
hi been searching round tonight for mortgage deals, i wonder if one of you enlighten people. i think i might go for a SVR for the time being and fix when rates start to rise, I would liek low fees with a low interest rate and with the options of overpaying if possible and the opion of paying it off in full as and when. I…
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Early Repayment option removed
Has anyone encountered their mortgage provider denying them the option to pay the Early Repayment Charge and move their mortgage? Can the lender legitimately withdraw the right to pay up a mortgage, even when it has laid out clearly expressed ERC conditions in the mortgage conditions. I'd be interested to hear of any Banks…
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Has anyone sold their endowment ?
We are looking at cashing in our endowment as we are going onto a full repayment mortgage. We have already taken out insurance to cover this. We have been thinking about selling the policy but would like some information from someone who has done it first to get a better idea of what happens.
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FTB - back of a fag packet calculations please :)
Hi all, My girlfriend and I currently rent a house and are looking to buy a house together. I'm looking for any pointers as things are a bit complicated with our money. I'm not sure if we ought to be going to see an IFA rather than try to guess & figure things out ourselves. Here's the numbers: Me: £47k salary, £10k…
