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Are guaranteed endowments really guaranteed?
Hi all, My wife has a with profits enowment policy that she took out with Royal London when she was 18. It's not linked to our mortgage and is due to mature in 2015. In 2008 she received a Bonus Statement which suggested that at that time the Guaranteed Value of the policy was about £12,340, which included all the…
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Struggling to pay the mortgage soon...advice please..
Hi all , i was made redundant in February after 20 years with a Big multi - national company . Most of my redundancy has paid off my families credit cards and loans and im left with a small ammount to tide me over. My wife works part - time and we have 2 children ages 3 and 8 so i've had to claim tax credits. I'm currently…
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End of fixed rate Standard Life Mortgage - Could somebody advise?
Hi, Thank you for reading this. I wanted to check with some people on here whether I am doing the right thing or have missed something obvious. I am fairly sure I have no other option. I will summarise the situation. Bought a house July 2007 - £179995. Current outstanding mortgage £162000 Standard Life fixed rate 6.05%…
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Complete newbie asking for advice
Hello everyone. I would appreciate some help and advice in reference to our situation. We are a young (ish - 26) married couple with one young child. We live in a rented three bed house for £500 a month, it is owned by my parents and we have rented privately from them for five years. Whilst we love the house and the area…
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Mortgages for Retirees
Does anyone out there know if you are retired if you can get a small mortgage for a short period of time.
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Help - Lowering Years on Mortgage !!!
Right , First Time buyer Recently got a mortgageof £60000 . .house was £70k but had a £10k deposit to start us off . As I had a bad credit history my partner had the mortgage soleley in her name . we opted in for the 40 years mortgage . Im already beginning to think its a mistake . . our payment are low at £340 a month .…
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When to pay mortgage arrangement fee?
I have got a mortgage in principle off the Yorkshire Bank with an arrangement fee of £599. When do I usually pay this?
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Advice on NW capped tracker please
Son had to rent out his flat (with Nationwides approval) when he moved jobs. He had a fixed rate on it and that comes to an end next month. He has asked me what he should do about the new mortgage. Obviously he doesnt want to change lender and he reckons the flat is not going to sell for at least the next year the way…
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Post Office Mortgages to increase at midnight on the 12th July (Sunday)
I called to enquire about a Post Office mortgage and was told the interest rates will be increasing after midnight on Sunday. You need a FULL mortgage application in before this time to take advantage of the current rates. He wouldn't tell me how much they will be raising by, just in line with the cost of borrowing.…
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Is this a good rate or should we fix again?
Hi, Our fixed rate deal with the Halifax is coming to an end in September. The interest rate is 5.6%. It says in their letter that if we do nothing we will move onto their standard variable rate which is currently 3.5%. Obviously this is better, but I was wondering how it compares with the fixed rate deals that are out…
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HomeBuy Direct
Hi there :) Both my partner and I have been thinking for some time that we need to get onto the property ladder but didn’t think we had even the slightest chance given that we are both on a low wage. We have come across a scheme called HomeBuy Direct and wanted to know if anybody else has had experience with this as so far…
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Worried about being accepted for Britannia Mortgage
Our application for a mortgage with Britannia is currently being processed. I was initially worried about being accepted as I have one late payment in the past year and went over my credit card limit a few months ago. both were just stupid mistakes. My husband has three late payments in the last year. I mentioned all of…
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Shared ownership buy out
Hi everyone (my first post) I'll start at the begining About six years ago myself and my brother were left two properties in a will with no ineheritance tax to pay (lucky us) so no mortgage to pay. Now the way the houses are split is that the house i live in i own exactly half of and my brother owns half, the second house…
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Abbey mortgage waiting time
Our buyer has been waiting almost 9 weeks for a decision for an Abbey mortgage. He has sent off quite a bit of documentation they have asked for. Are Abbey likely to string the process out to give a 'no' decision? Is 9 weeks a common waiting time? Time to find a new buyer? Thanks for any advice.
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Remortgaging with a low LTV ?
Hi all, The end of my discount tracker (BoE - 0.06%) is sadly coming to an end soon ... but it was good while it lasted. Looking round the usual websites / banks / lenders and they all seem to be quoting for LTVs of 75% or 90% and the current deals are bit of an eye-opener (certainly compared to how much we're currently…
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Virgin One Account turning the screw again
My latest One Account statement came with a Notice of Variation today which adds conditions 10a, 10b, 10c, 10d, 10e, 10f and 10i all detailing new ways that we may be charged in the future for Banking & Mortgage fees and expenses. I'm moving house soon and they have sufficiently annoyed me enough that I will definitely be…
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New job with probationary period
Hi all Any advice appreciated here. My husband has just started a new job with a 6 month probationary period. We are relocating and are looking to buy a house. Do we stand any chance of getting a mortgage with this probationary period? We have a £60,000 deposit towards it. Thanks
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ISA offset mortgages
Hi. Hoping someone can help me. I am looking at remortgaging in the next 6 months or so, and my preference would be to go with an offset mortgage with the ability to offset cash ISAs (as over the last 10 years OH and I have managed to build up a fairly sizeable sum in our ISAs). This would allow us to keep our savings…
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BOS Fixed rate coming to an end and I'm confused!!!!
Hi all, My 2 year fixed rate is coming to an end in a month’s time. I have had no contact from BOS about this and assume that I will automatically jump on to the SVR. I can't find any details anywhere on the web as to what their SVR is, only rumors that they have not made the significant cuts that other lenders have. Does…
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Help Ombudsman rejected endowment claim
I claimed for unfair endowment selling from Legal & General. Issue was referred to Financial Ombudsman who rejected my claim and advised next step for me was to go to court if not happy with Ombudsman decision. Is this really the only way forward. Do not want to spend more money chasing L&G in court. Any advise please?
