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bath parent assisted mortgage scheme
http://www.parentassistedmortgage.com/ does anyone know much about this and what is the general view of the idea? thanks in advance
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borrowing more than i need
we are thinking of buying a house with a similar value to the property we are selling however it needs work doing on it can we borrow £50k even though we only need £30k to cover the mortgage. My income covers a mortgage of £50k and have already been told I can borrow this amount of money.
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new mortgage deal
We have currently had a mortgage for 3 years, it was fixed at 1.5% below the base rate and we are currently paying as little as we possibly can, we are about to renew our mortgage deal and have been offered the same deal, or a fixed rate deal with the mortgage company, due to the current economic climate we are unsure…
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Decreasng Term Assurance
I am in a prolonged 'battle' with the FSCS over the inclusion of DTA premiums in their compensation evaluation of my 'mis-sold' mortgage endowment policies. I have argued the case that DTA is not applicable to the calculation in my particular case as I had 'other securities' against death during the mortgage term in the…
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Mortgage advice - non-first time buyer & self employed
Hi I was wondering if anyone had any advice or experience similar to our situation. My husband is self-employed with 3 years accounts and has previously owned a property (no longer owns it). I already own a property on a buy-to-let mortgage. As we are not your standard first-time buyers we seem to struggle to find…
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Best time for endowment valuation?
We have an endowment policy due to mature in 2 years. We changed part of mortgage to repayment as endowment was not on target!(no surprise there). The valuation of the policy at the moment is just over £1000 more than we need so are thinking of surrendering it and paying off a lump sum of the mortgage. Does anyone know the…
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pru endowment
i would like some advice please i have a prudential endowment policy start date june 1996 matures june 2021 it is now after many years worth more than what i have paid in (just) last year was actually the best year the total with profits value at dec 2008 was £1000 more than the year before but the unit linked value only…
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Possible Lost case help
Hello, I've only just come across the Missold Endowment forum. A long while back I went through the action of trying to get compensation for a missold endowment policy. But my case was lost because the financial advisor at the time ceased business years ago. My mortgage is with Abbey in 1987 and the endowment is now with…
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First time Buyer with bad credit
Hello Looking for a bit of advice. Me and my partner want to buy a house but i have bad credit, mainly based on an overdraft and falling behind with council tax payments (which this is the last month i have to pay to have caught up with arrears). Is there any chance of getting a mortgage. How much would we have to save up…
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Can I help my son get a mortgage?
My son has a bad credit history and has been refused a mortgage due to a decree raised against him. He is married with 2 children and they now wish to move from where they are living now but are obviously finding it hard to find a way to make this possible. My husband and I own a house of over 200k in value with only a few…
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"Best" 90 LTV Mortgages/Remortgages
Hey guyz, Now looking to remortgage, as i bought home for 84k, without a mortgage. It should easily have 10% equity in it now. Anyone aware of any good 90% LTV mortgages out there? Also,as i've not had a mortgage before do i qualify as a first time buyer even though i already have my house? Finally, i am a teacher and…
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Single mum trouble getting a mortgage
:mad: Hi, I am new on here and just at my wits end wondering if anyone has any gems of information they can pass on? Brief overview of my details, I am a single mum, self employed freelancer so I don't work on a contract but get my work via word of mouth or via agencies, I have been doing this for approx 8 years. I have an…
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30yr or 25yr mortage
Hi All, in the process of buying a flat and should be getting some dates soon to complete but originally opted for a 30yr (2yr fixed at 5.7%) repayment mortgage however after reading some bits on the net was thinking of trying to switch it to a 25yr and know I will probably have to pay a another fee to do this!!! My…
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N Yorks changing T&C's on flexible mortgage
in 2001 I took out a flexible mortgage with NYorks then part of the Scarborough now part of SKipton. The key attraction for me was the abililty to overpay and to have the sum deducted fromt the mortgage balance. Yesterday a letter arrived telling me that as of March 1st this option [and the option of overpayments to build…
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To Gamble or not to Gamble?
Hi, Im not very good at making decisions and was just after other peoples oppinions. Currently with A&L on their SVR 4.99% with balance of 131,900 (We paid £150,000 in october 2006) houses tend to sell quick in our rod due to popular local primary school in the area. we are planning on starting a family and want to secure…
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generous parent has offered equity. What problems?
Trying to buy an ideally positioned run down house to renovate with a view to being able to accomodate my recently widowed elderly father in a "grandad flat" in the future when he is ready, which isnt yet. Have mortgage and deposit sorted but their are minor structural probs which have caused the building society to put on…
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mortgage company valuation price vs actual paid price- spare funds?
Hi As a new comer to both the forum and the property world I'm in need of some advice so would be grateful if anyone can help! I'm trying to work out if we can take a mortgage out based on the mortgage companies valuation price and then 'pocket' any extra we negotiate off the price below this to fund moving costs etc.. My…
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First time buyer
Hi everyone Me and my girlfriend are looking at buying our first house over the next 2 months, We're both 22 and have 10k saved. We have met with an individual mortgage broker who had us a mortgage deal with halifax agreed in principal, its a tracker rate at 4.1%. As were very young I've been trying to garner all the…
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Releasing Equity from mortgage
I'm still a newbie when it comes to mortgages, having only been in mine a year and a bit. My question is I have a gifted deposit of 95k on my mortgage. I borrowed 155k against a purchase price of 250k. In the event, I cannot secure a mortgage when it comes to the end of my fixed term later this year, can I release some of…
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mortgage application when offer not agreed
Hi, I have a confusing question that I hope someone can advise on. We are looking to buy a new house as we are relocating and have our flat currently on the market, lots of interest but no offers yet. We have seen a house we love and have put in an offer, after negotiating a little we have reached a price to which the…
