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What is the calculation to give a daily interest rate from an annual APR ?
My brain is in neutral today and I cannot get my head around nor remember the maths to back out a daily interest rate which, when compounded daily over 365 days, will give the annual APR. I cannot even get Goal Seek in Excel to work today so maybe my PC is having an off day as well ! In case I haven't explained it right,…
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misold endowment
question; SHOULD I ACCEPT THE BANKS FIRST OFFER OF COMPENSATION THE ENDOWMENT TAKEN OUT IN 1987 PROMISED AT LEAST THE MINIMUM DEATH BENEFIT ON MATURING BUT THE OFFER IS AT LEAST 10.000 BELOW THIS PLEASE HELP SUE
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getting cold feet about remortgage deal, should i jump ship?
Hi everyone - need some advice Im currently on SVR (paying over the odds!) as my fixed ended last month. I narrowed the deals down to 2 - a lifetime tracker at 2.27 above BR% (locked in for 2 years) and a 3 year fixed at 4.29%. Now I chose the tracker as I thought I could put the £200 saving into a pension as Im a late…
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MSE News: Mortgage blow as building society hikes SVR
This is the discussion thread for the following MSE News Story: "Skipton will up its standard rate by a whopping 1.45 percentage points from March, leading to huge repayment rises..." Read the full story: Mortgage blow as building society hikes SVR
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Impartial and comprehensive mortgage comparison sites
Hello, I've been using the fsa.gov.uk comparison tables to try and find a mortgage for a house purchase, however the website hasn't been loading for me for the past couple of days. I'm now getting desperate, because I need to get a valuation survey sorted soon or the property will go back on the market. Can anyone…
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To pay off or not to pay off?
Hi everyone I hope this post is in the right place, anyway here goes. My husband could be about to lose his job. He is in the Merchant Navy and gets a new contract each time he rejoins the ship. This contract only covers him for the length of tour (four weeks). We have mortgage protection but I'm not hopeful it will be of…
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Interest Only - Requirements
Hi all I'm currently on a Capital and Interest Repayment deal that will end in April. The last couple of years have been very tough for us, I lost my job, and had to take a much lower paid one. Net result is that I want to switch to an Interest Only mortgage for a couple of years. My question is, will I be asked to prove I…
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mortgage question - buying a house with non-UK partner
Hi, My partner and I have both accepted new jobs and need to relocate to the South East before the beginning of May. Our current flat is just about to go on the market and the mortgage on this flat is completely in my name. We are planning to apply for a mortgage jointly for our new property, using the capital from the…
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Extra Mortgage advice required
Hi, We are thinking of extending our property and will need to increase our mortgage in order to do so. We currently have a £143,000 mortgage and our property is worth approx. £250,000. We are thinking we will probably need an extra £25,000 to build an extension, can anyone advise me on what options we have to get this…
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Insolvent and need Mortgage
Mortgage express will not be offering me a new deal this summer. I'm currently on 1.94% The problem is i'm insolvent and will need to move mortgage. I'm afraid no-one will provide me with one, if they do it will be expensive. Will they know if I don't declare it? :( what rate will I default to? Will it be a standard…
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Switching from A&L to SAntander (Abbey) Mortgage
Hi, I have come to the end of a 2 year fixed rate with A&L and am now on their SVR of 4.99%. I have just seen that Abbey's SVR is only 4.24%. Now the two banks are part of the same company, should I be able to easily switch providers? It would mean a saving of around £80 per month. I rang A&L and they isaid it would be…
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Should I/Can I Fix My Mortgage For Life?
That the questions really. First of is this something I can do? If so do people think I should? Interest rates are low at the moment and will only be going one way in years to come to pay back our huge debt. Surely now is a good time to batten down the hatches and prepare for the worst. What are peoples thoughts? Thanks
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Freelance FTB 90% LTV - Do I have a hope in hell?
My partner and I are both freelancers working in TV. We are FTBs and have enough savings to put down a 10% deposit (£20,000). Our weekly rates are £750 and £850. We have varying work histories – mine being a bit more sporadic due to bouts of travelling but usually clear at least £25,000 a year each. We have a written…
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Mortgage recommendations please
Hi All I'm just after abit of advice please..... My current 5 year fixed deal ends in December 2010. The rate is 4.69%. The issue is, I am due to have a baby and will be off on maternity leave at the end of the year when the fixed rate runs out so would like some certainty, particularly as our income will be significantly…
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Mortgage Advice NI
Hi, this is my first post so go easy on me My now fiancee and I are looking to buy a home for our very first time. We are from Northern Ireland and I have read that it is important to go to a "whole of the market" broker for the best deals. I assume these do not include banks?? As for the type of mortgage is there any…
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I owe more than I borrowed?
Hi everyone. Apologies if this is a stupid question and everyone knows something I don't but, put simply, after having taken out a mortgage and paying it off for a year, is it right that I no owe more money than I initially borrowed?:confused: Any advice most appreciated!
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Endowment maturity
Some advice please, I have an endowment which is due to mature on 1st March but my mortgage isn't finished until November 2011. Should I put the money into a savings account until then or should I pay it straight off my mortgage? I have a couple more small endowments due to mature later this year. None of the endowments…
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The Mortgage. The Split. The Debt. ADVICE MUCH NEEDED.
Hi Everyone, Firstly, please let me apologise. This is going to be quite long winded and it could quite easily have fitted into 3/4 sub forums on here, but I think this is most relevant. I am in desperate need of some advice and guidance.:confused: In Feb 2007 I split from my long term girlfriend. We had a house and we…
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switching mortgage payment
Hi I'm about to switch my mortgage to a full repayment set-up from a part repayment/interest. I intend to inject money into the repayment at the same time as the switch to bring the payments down. Can anyone tell me when the best time to put money into this would be: am I best putting it in now when its part/part or when…
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Loan from Parents and FTB Questions
Hi MoneySavingExpert Forums Been reading the forums for a while but signed up today to get some help please. My situation is I am 29 and married. We live in the South East (Maidenhead, near Slough/Reading) and I work in London while my wife is a store manager for the Maidenhead branch of an international retail chain. My…
