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Scot Am/ Prudential Endowment
I just requested a valuation of my policy which matures in May 2010 to cover a mortgage of 25k. Surrender Value £21353.00 Projected values on Maturity 4% £22800.00 6% £23300.00 8% £23800.oo Lets hope things start looking up in 2009/10!
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News: FSA to cap mortgage borrowing
Some interesting news from the Telegraph.... "Homebuyers will be prevented from borrowing more than three times their annual salaries under new mortgage rules to be announced this week." http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/4995778/FSA-to-cap-mortgage-borrowing.html
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New Long Term Fixed Rates
Does anyone out there know whether the fixed term rates for 5 years + are likely to get any lower?
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Best to go onto the SVR?!
Hi all, Our fixed rate deals ends in June (currently at 4.83%) and I THINK it is probably best for us to just drop onto Nationwides SVR right? I think it will shave a good £300 off our repayments, but I just wanted some advice as to whether this is the best thing for us to do right now? We bought in June 07 for £208k with…
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Remortgage Process Question!!!!!
Hello, Does anyone know the process for a remortgage. My example is: - My partner is going through a divorce, her ex has to get a remortgage to pay alimony... Would his mortgage solicitors/conveyancers still ask for my partner solicitors bank details if they were not going to give the ex the mortgage??? Sorry this doesnt…
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First Active Interest Rate Floor (Collar)
Hi all. Just wanted to share my good news, & hopefully help others out as well. I had a bit of a result with First Active on Friday, when I rang them to extend my mortgage term for a fee of £35 as a way of reducing my outgoings (definitely intended as a short-term move, but following redundancy I've got few options). They…
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Mortgage on a 2nd property
Hi, I am hoping that someone may be able to offer some advice on how to finance the purchase of a property without selling my existing property. A property (next door to my in-laws) has become available (the previous occupier) passed away a few months ago. The property has been put up for sale and is priced around 30k less…
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Mortgage on a 2nd property
Hi, I am hoping that someone may be able to offer some advice on how to finance the purchase of a property without selling my existing property. A property (next door to my in-laws) has become available (the previous occupier) passed away a few months ago. The property has been put up for sale and is priced around 30k less…
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Help regards to taken name of mortgage
Hi any help to the following scenario would be great. My partner split with her ex partner (unmarried) approx a year ago. They have one 20 month old child and a house owned in both names. My partner and her child live in the property. He partner wishes to take his name off the mortgage but her income is insufficient for…
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Consent to Let
hi all, just wondering does anyone no anything about mortgages? and buy to lets? i currently own an aparmtent and want to let it out, and move to another place. the mortgage lender that i will be using for the new place said i have an excellent credit score and therefore they don't even need proof of earnings, very strange…
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Nationwide online mortgage switcher - service unavailable
Just wondered if anyone has had any success in using the Nationwide online mortgage switcher (www.nationwide.co.uk/switcher) recently? Whenever I try, it gives me an error message saying "service unavailable". I assumed that it was just a temporary technical glitch, but it's been like the for a few days now. Is the online…
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Additional Mortgage for Buying
Hi, Can anyone please advise? We are currently on a svr with northern rock but we are desperate to move. The problem is because of the house market we would be lucky to make enough to get a 90% mortgage. Are there any 95% mortgages out there? Would it be possible to take out a second mortgage for the extra we would need…
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Right to Buy Council House
My friend lives in a council house with the ability to buy it at a discount, I'm a single guy and I was looking at ways to invest my money for the long term future, is it possible to buy the council house from my friend (so it's in my name) but I let my friend live there (draw up agreements legally etc.)?
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First time buyers: general mortgage advice needed
Hi, First off, please forgive me if this is the wrong place to post to. My partner and I are 35 and 31 respectively. We both earn around £30k per annum and are currently renting individually (I'm paying £725 and she's paying £650 per month). We have decided to take up her parents' offer of selling their property…
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Mortgage calculations for changing payment date
. I wonder if anyone can advise me on my current situation? I am on a fixed rate mortgage with abbey. I have asked that my payment date be changed by a week. But when I received the letter with the revised amount calculated it did not make sense. I asked that they send me a brake down of the calculations, and they came out…
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Confused FTB
Hi I wonder if somebody can help me??? I have put in a low offer on an old farmers cottage that requires some work. it has a fully fitted bathroom, solid fuel central heating and a small kitchen with a sink and small 2 ring cooker, it needs new windows and i would like to install oil central heating and it may need…
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remortgaging help.
I currently have a fixed rate mortgage with a rate of 6.9% (arghhhhhh) which is due to run out in june as are any penalties associated with the mortgage. I was lucky and bought when houses where cheap and my mortgage is only £43,000 and monthy payments are only £270. I have had the house valued at £96,000. I want to…
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How does the present economic situation affect my endowments predicted shortfall
I don't have much idea on how endowment mortages work out apart from them being interest only mortgages but I just wondered how the present situation with the low interest rate and the economy affects my endowment mortgage in terms of the predicted shortfall I will have? My mortgage is due to end in 2014 and is going to be…
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Pru Endowment
Hi, Sorry this is the first time I have posted and need your help. I am just going through a seperation and need to tell my wife ( or seperated wife) what the best thing to do with my, our, endowment is. It is a Prudential with profits policy started in '94 and expiring in 2019 at £69/month. There are so many companies out…
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Conveyancing Required?
Hi, Hoping some kind mortgage expert or legal type can advise me, my partner and I bought our house some years ago with unsecured loans and savings, we are intending to take out a mortgage to benefit from lower interest rates. I understand conveyancing is required for buying a house and it appears for remortgaging but do…
