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Lapsed Endowment policy
I'm a new member and feeling my way thro' this Thread entry! I had an endowment policy and remorgaged on a repayment type. I have applied for the endowment policey to be cashed in on this lapsed policy and they estimated that I would receive payment within 28 days (from 3rd April) I am un-employed and need the cash, My…
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Nationwide 5 Yr Deal - Fix or stay on Variable??
:confused: I am on the variable rate of 2.5% with Nationwide at the moment. I wish to stay with Nationwide and they are offering me 5 year deal at 4.98%. I have £74k on mortgage over 19 yrs and the house is worth £150k. We are currently saving £100 a month on the variable rate, but I don't know whether to fix now before…
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Add my Father to mortgage papers
Hi, I am with Halifax cuently on SVR. Currently the mortgage is on my name and my wife but i would like to have my father (aged 72) name as well. How do i go about doing this. since he lives with me he might as well have his name on the motgage papes as well. Beside i can get allowances on insulation and new boiler as…
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TRACKER 0.99 ABOVE BOE Vs 5 YEAR FIX?
Looking for some advice from you knowledgable chaps. We currently have a lifetime tracker at 0.99 above base rate with no early repayment fees. We have the option to switch to a 5 year fix @ 3.99% or a 10 year fix at 4.98% (old HSBC product). The 5 year fix has a fee of £999 and the 10 year fix has a fee of £599. Anyway we…
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Overseas Mortgage Advice
Hi there, any advice would be gratefully received. Hubby and I have nearly paid off the dreaded mortgage (using overpayments on flexible mortgage) and are considering buying a lovely property we've seen in France at what seems to be a great price. We'd use the French property as a holiday home and rent it out to hopefully…
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Repaying some of mortgage
We have a standard rate mortgage with the YBS. It is made up of approx 50k endowment and 85K repayment. 2 endowments due to mature in 6 years. We allocated another investment against the mortgage endowment side at the time we took out the mortgage for approx 10k. This has now matured and we are not quite sure how to handle…
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End of fixed rate Derbyshire Building Soc
Hi, I am coming to the end of a 5 year fix with the Derbyshire. Has anyone else recently finished a fixed with them and been contacted with a follow on offer? Im not sure what to do now - i can sit on the svr of 2.5% for a while, until it looks like rates are going up again - probably by the end of the year imo. Or i can…
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20k into offset or leave in poppy bond - help please!
We are planning to take out (in early July) a 4.69 5yr fix offset mortgage with YBS for £195,000 LTV approx 65% on a house purchase. We plan to keep savings of £20k in the offset to cover son's school fees in case of emergency over the next 4yrs. We will treat the offset mortgage as a normal 5yr fix paying sufficient each…
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What will happen on the day my mortgage changes hands.?
My mortgage changes hands on 1st June-Can anyone please clarify what will happen to the payments. Will my current lender take out their payment for 1st June then credit it back with my new lender taking their 1st payment meaning that I will need to allow for 2 payments to go through? Or does my existing lender not take the…
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15 years fixed?
Hi, what do the professionals on the forum think about this one? With the kindness of our parents we will be able to put down 25% deposit and on this deal it comes as 6.19% for 15 years. Shall we go for it? I wonder if there are any catches..... 15 Year Fixed Rate Mortgage A long term fixed rate mortgage with added…
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Would you pay fine to lock in a new deal at better rate
First of all, hello everyone, this is my first post with MSE .:hello: Ok, my question is now that base rates have come down so much in recent months, I'm wondering whether to pay my exit fee of £3600 just to lock in a better rate? My thinking behind this is that the only way rates can go is up especially to try and control…
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Remortgage due
I’m hoping someone could give some advice as we’re hopeless with this sort issue, but need to budget for any potential increase. Our current fixed rate deal is due to come to an end shortly, we have bad credit rating due to being on a DMP, and just recently, Northern Rock has been awarded a charging order. Our current deal…
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Mortgage Denied - Advice Needed Please
Hi Everyone, this is my first post and I've registered purely to gain some advice from those in the 'know' so to speak. We are in the process of selling our property and have an offer accepted and we are due too complete soon. We have seen a property that we like and we need to move fast as it is a repo and currently has a…
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principality mortgage
Has anybody had any experience with principality mortgage. They offered me good deal and I am planning to go ahead with it. The lady said everything willl be done in 3 wks time. Dont know whether to trust her or not.
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mortgage meeting, gross amount without pension?
Hello, I went into Natwest today to set up a DIP meeting for about a months time. They asked me a few initial questions and information to enter on the computer for the mortgage advisor to look at in a months or so time. I told them my gross pay and mentioned I have no credit cards or any other debts like that. I forgot to…
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Refused mortgage from Leeds on part buy part rent scheme..what next?
I earn £34,000 I have been offered a London new build scheme. Total cost of property - £264,000. My share would be £66,000 = 25% "Good" credit report, a few late catalogue payments, no CCJs, all loans paid off, most credit cards paid off, one remaining with no late payments. Steady job, no late payments for 2 years. Leeds…
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times running out
I need help and advice about my mortgage.I am a 56yr old nurse, with a £40,000 mortgage which is with my bank HSBC.I have it over the next 4 years on an interest only payment (this is the only way I can afford payments as my husband was disabled out of his job last year. I took this mortgage out only one year ago.In 4…
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Advice needed, parent's default affecting child?
Hi I don't know if this is the right place but I'm just looking for some advice: My OH was living with his parent when they remortgaged their house when he was 17. They defaulted on their mortgage last year (when my OH was 18). Apparently when they remortgaged they were asked if any of the children would reach 18 during…
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Best time to get mortgage - Shared Ownership
We are in a shared ownership scheme in scotland where we own 25% of our home and rent the other part from a housing association. We want to buy the house outright via a mortgage but are not sure if now is the best time to take out a mortgage or wait till next year. We'd rather wait a year but will the rates go up by then?…
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Standard Life Endowment
l took out an Endowment with Standard Life in Aug 1989 - which still has 5 years and 3 months to run. I pay £41.62 a month (£500 per annum) and it was supposed to pay out £31,000 at termination. However, I received my 2009 Statement on 01/02/09. This was a "Red" warning letter - it stated that the 2009 value of this policy…
