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Do I cash in my endowment?
While I did see all the press on mis-sold endowments, I didn't alter my mortgage arrangement as the policy was on track. Until last year, that is. Now it's saying it is below target (not a massive amount, but £1,400 at the moment). I was sold it about 8 years ago. I realise I can make steps to claim for the shortfall. But…
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Getting my name off my mortgage
[FONT="]I have a joint mortgage with my partner on the house we bought in July 2008. We have recently parted ways and I am quite happy for him to take on the full mortgage to keep the house. In saying this, I have spoken with my mortgage company in regards to getting my name removed and they say they are not willing to…
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Halifax Consent to Lease
Hi All, Hoping someone out there can offer some advice. I am moving out of my property for 9 months (initially) as I have a new job in Scotland and thinking of renting out my property. I spoke to the halifax about this and they said I needed to get a consent to lease and to change my interest rate. I was quite surprised…
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Northern Rock - Existing Customer New Deal
Hi, I hope someone could answer my question:- I have had a mortgage with NR for just over 5 years now, and have been on their SVR for a little while (good call as it goes, they offered to fix at 8%ish when my last deal ran out just before the 'crash' lol!) Anyway, they have written to me offering a couple of new deals…
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Releasing equity in 100% owned property
My mother (76) and father (88) own their own home outright (worth around £150,000) as well as a second home outright (similar value) which they let out. Neither property has ever had a mortgage or other debt secured against it. They want to release equity of around £20,000 from the value of the second home - given their…
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rock and hard place?
Hello !!! Allow me to explain my dilemma, in the hope that the excellent advice on this forum can help. my wife and I took out a 95% Home start mortgage with HSBC in January 2007. This is a 25 year mortgage where you pay Interest only at a fixed rate (presently 5.49%) for the first three years, reverting to a mixture of…
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Alliance & Leicester BRT mortgage - letting property
Looking for advice on this - I need to relocate due to work and want to rent my flat out for 6 months to 1 year. After that I will probably buy a new property, I currently have a very good mortgage from alliance and leicester (1% above BoE base rate) so I dont want to change it to a buy to let. I cant find any information…
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mortgage dilema
I currently have a problem - I used to have 3 mortagage products but over the past 6 months 2 of the products ended, which means that part of my mortgage is on the SVR. the last product ends in February next year, which means that my full martgage is on SVR with Yorkshire BS The mortagage is for £179,000 outstanding about…
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From internal approval to final mortgage agreement
After being well and trully messed around by HSBC, who L&C later told us reject 7/10 people, we have now been put forward for a mortage with the Nottingham. We were told we were declined the HSBC mortgage based on an internal credit score, though they wont share why, or what the problem was. Our broker has now gone through…
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Death of tenant in common?
Where a mortgaged BTL property is owned 50/50 as joint tenant. Where one joint tenant dies and leaves theie estate to someone else: is there anyway the deceased's estate can force a sale?
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lMortgage advice please - rent out current flat and purchase new one?
Hello, I wonder if anyone can advise me whether this is a sensible option and if so, what sort of mortgage/s I should be looking for? Currently own a 1 bed flat that I purchased for 90k. It's now worth approx 170-180k (and liable to increase eventually once communal areas have been improved) and I have approx 50k mortgage…
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Spanish Mortgages
Hi, Just thought I would ask if anyone has any experience of attaining a Spanish mortgage on an existing property. We have a property in Spain which we own and would like to find a way of releasing some money............any info would be welcome good or bad! Cheers
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Overpaying Mortgage By Small Amounts?
We're about to complete on our first house and as such we'll be starting paying our mortgage from next month. I currently put £50 per month direct from my wages into a Credit Union savings account but I was wondering if it's worth setting up a Direct Debit to overpay the mortgage by £50 per month? Would it be worthwhile…
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best wat to borrow £17,000?
I've bought a flat for £64,000 and have a £47,000 deposit. What is the cheapest way for me to borrow £17,000 over 2 years? is this too small an amount/time period for a mortgage? would an 8% tesco loan be better? thanks.
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Endowment - loss of qualifying status.
Hi, The dreaded endowment policy rears its ugly head... Interestingly, not a complaint about the sale (admirably documented in the sales speak of the day), but about subsequent advice by the same Insurer. Please see the following letter: (Obviously, I need to add the relevant details...) Can anyone offer any advice - is…
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Mortgage land with untenable property?
Can I get a mortgage on land that has a property that needs demolishing rather than on the property itself? Not as a commercial development but: Nice plot, Shame about the house, want to build my home there, can't afford it as a 100% cash buy if I am going to build something instead of the one thats falling down... Are…
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Non Standard Construction Mortgages
Hi I'm looking to buy a timber framed property and need a non standard construction mortgage, there's quite few companies selling them but would like to know if any of you have personal experience or recommendations you can share? Many Thanks
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Moved to USA need to remortgage UK property
Hi there, just wondering if anyone can give us some advice. We have recently moved to the US, and need to remortgage our flat which we are currently renting out in the UK. We also need to extend our lease, we estimate that this will cost about 10K GBP. However I understand that because we are no longer UK Tax Payers it may…
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BTL/commercial mortgage options?
OK, so just testing the water here so don't bite my head off if my thoughts are way off the mark! I am in the situation where I cannot currently work due to my acting as a carer for my disabled wife. We currently live frugally on various benefits/tiny occupational pension etc, however we are bothe relatively young (40) and…
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*-*the scam ? from the owner or survey
I am a tenant and live my flat over a year. I received a phone call from Colleys Surveys to ask appiontment to survey my flat this morning. They said that my landlord gave them the instruction to do so. The survey should take place when you buy a property for morgage purpose, why does my landlord need a survey again after…
