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Aviva - surrender value
I need some advice please. I have an endowment policy with Aviva but no longer have a mortgage having downsized. I asked for a sv today which is just over 11k. the current value is 15k and it does not mature till 2018. I pay £76 per month. In view of their promise which is " not 100% guaranteed" is it worth continuing. I'm…
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2 names on the mortgage, 1 income, is it possible?
Just wondered if anyone has any advice on how to get a mortgage in 2 names with only 1 income? Everywhere we've looked so far the mortgage lenders seem to automatically lend less if there's 2 names on the mortgage than if the mortgage is only in one name. We've been told this is because the unemployed person is seen as a…
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Advice needed please.
Hi I am looking for a bit of advice. I currently co-habit with my partner, we pay for a one bedroom flat privately. Howver within the past month we have found out that we are expecting a baby next march. Obviously, re-assessing my priories, it would be nice to have a 2 bedroom house nothing flash, but just about big enough…
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Northern Rock ERCs
I currently have a mortgage with our very own Northern Rock bank, and am looking to pay off the sum of the mortgage, Any ideas if anybody has ever had success in getting the ERC cancelled I think it stands at the moment of 2% of 108k, however we are tied in until 2012, its a 125% mortgage so surely they would want to…
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Attention Brokers! Let to Buy
I have been offered 5.99% with Abbey on a let to buy mortgage (85% LTV). Our joint incomes are £65k and current mortgage costs £100 per month with potential income of £1,000 possible. When our Nationwide tracker runs out we will revert to their lovely BMR of 2.5%. Can anyone advise if this is a good deal or if there are…
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Making Sense of Endowment Payouts
Can anyone decypher the constituent parts of an endowment payout for me? I am very lost! As I see it, it is a total of (deep breath) 1) the sum insured 2) The total bonuses 3) The final bonus 4) (in the case of Aviva) the "price promise" Does this sound right? Any help gratefully received
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WHAT do we have to do?
PLEASE - Can anyone help us? We are currently applying for an additional mortgage on a property valued at £184,000.00 We are changing our current mortgage to a buy to let one, where our loan amount is £244.00 per month and the rentable value is between £550 and £575 per month. My wife earns over £33,000 pa and I, although…
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Capped Tracker Vs Fixed Rate?
I am looking at getting either a capped tracker or a fixed rate, and considering 5yr periods or above. Not interested in 2 or 3 year deals! Was just thinking of the benifits of each and realise which is best will only be decided once we know how rates change, so for example if they stay put tracker wins and if they go high…
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Re Mortgage paperwork & timing
Hello Experts! I'm in process of re-mortgaging of my property (first time in my life), but due to lack of time & a lot of paperwork I’m afraid I’ll not be able to complete re-mortgage in time. My mortgage advisor already asked me to sign 1 month notice letter & sent it to my current lender. What could happen if I will not…
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Buy to Let - to help out bro in law?
Hi all i've been pondering this and wanted some feedback on whether this is A. sensible and B. the sort of thing people do acutaly do? background Me, currently mortgaged house worth approx 180k outstanding mortgage with 12 years to go approx 85k My brother in law is a police officer, currently living with parents(just…
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Florida property mortgage
Hi Is it possible to obtain a mortgage from a UK company for a Florida property investment? If so, can anyone recommend a company?
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claiming for mis sold endownment
Hi, I;ve just filled in the which letter generator to try and claim for my endownment. My question is, it is unit linked which I have read I can't sell I can only surrender. Can I surrender it now before I want to claim or does it still need to be in force? Surrender value is about £6k and we've paid about £8.5k into it…
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Need to up my Barclays Classic Account
I'm in the **** with money as usual and was wondering if anyone can give me advice. I have a 51k limit on my mortgage current account that is maxed. I am in court with the tax man this month as I owe him 5k. Nobody knows better than me that I'm a bad risk but as the total secured on the house is about 100k below the market…
