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Equity share
Hi, I have found a website equityshare.com and am wondering if you know anything about it and how trustworthy it is? We are struggling to get on the housing ladder and are thinking this may be a good option for us as we have a £9000 deposit which is enough for the value of a house we have seen. Scared of getting caught out…
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Mortgage Query
I took out an A&L part repayment and part interest only mortage in 2005 when I last moved home. I was moving to a larger property thus wanting a repayment mortgage but already having three endowments on my mortgage at the time of the move. The interest only portion of the mortgage was 36K and I have now overpaid in total…
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Advice about mortgages - again
Hi. I am a self employed IT contractor. Recently I have saved ALOT of money and getting a really good pay from a client of mine. in around 3 months, I have saved (with all the expenses taken out etc...) around £6-7K. My contract also just got extended :) I am thinking about buying a property and having it classified as…
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Halifax Endowment misselling - court action
After 5 years of dispute with the Halifax I have commenced small claims court actions to recover the shortfalls on my Mortgage Endowment policies (Approximately £2k on the £7.5k and a £8k on the £32.5k endowments). The Halifax have upheld my complaint, accepted that the policies were missold and acknowledged the Endowment…
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Mis-sold sub prime mortgage
Hello Just need some advice please regarding a company that has contacted me regarding being mis-sold a sub-prime mortgage Does any one know what angle this type of company may have on mis-selling sub prime mortgages in general Is it affordability, high rates, broker fees they complain about and what would the likely…
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Any idea what a redemption audit is?
Hi Arrived home today to find a letter from Northern Rock (our previous mortgage company) asking us to call them regarding a redemption audit. Their office is only open during the week so I can't find out what it is until then. Anyone got any ideas? Ta
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To sell or not to sell
My mortgage was paid off when my husband died suddenly 2 years ago. I have a current endowment policy that has a surrender value of £16,000 as at todays date, it is a with profits policy. I owe over £8,000 in credit card debts and would like to use the surrender value on my endowment to pay off these debts. The policy is…
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Do I have to sign re boyfriend's mortgage?
Hi - my boyfriend's house purchase seems to be going well and there's a chance all will be done by Xmas. He's buying it himself as my credit history is screwed from my ex husband defaulting on our joint mortgage. Will my boyfriend's mortgage company want to know if there'll be someone else living in the new house? And if…
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Mortgage advice needed on a second property which won't be BTL....
We want to buy the house next door and eventually convert into 1 property (terraced) Which kind of mortgage does this fall under? It won't be a FTB and we won't rent it out either. We would rather have 2 mortgages than one, to avoid the nightmare of valuation of separate properties then of them as a conversion, if that…
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how to sell an endowment ?
we want to sell our with-profits endowment and use the money from that plus savings to pay off the mortgage. the policy has about 5 or 6 years to run and the amount the company are offering is not great . how do we find a good company to sell the endowment to? also has anyone any idea what kind of penalty the bank…
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Product Arrangement Fees - Unfair?
I applied for a mortgage last October, paid the product arrangement fee of £600 and then the buyer pulled out at the last minute. As I didn't find a similar property requiring a similar mortgage and complete within 3 months, the product expired and I lost my fee. I was pretty gutted about this but thought that it was…
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Phoenix Endowment
Hi new to site forum, would appreciate some help and advice. I have 3 endowment polices which I took out with Britannic assurance between 1989 – 1992. I have never been contacted since the mid 90s regards the performance of the policies. Last month I found out that these policies are now with Phoenix Group. Having…
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Payment Protection Advice
Hi again, Well my first mortgage is underway and I'm looking a some form of Mortgage Payment Protection Insurance. I'm doing this as I've been made redundant in the past but was lucky enough to find work quickly so I didn't have to spend any time unemployed. However I'm very wary of this happening again. I've go no…
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Should I take a payment holiday?
My fixed rate mortgage finished more than a year ago and since then, I've been paying the base mortgage rate that is now 2.5% on a mortgage of £45,000. I overpaid the mortgage when the interest rates went down but I've been made redundant and unless I get a job soon; the payments will wipe out my savings. I've reduced the…
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Mortgage confusion?!?
Hey guys, My mind can't get my head around something, wondered if anyone on here can make sense of it. Here goes; We have a flat with: Mortgage £104,000. Value £125,000 Interest rate of 2.5% :D Term 20 years We have got consent to let on this property and it has a tenant currently paying £600 per month. With regards to…
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Your opinions please.
Hi Fellow money savers, My situation is this I have morgage with the Nationwide of £164,000 with 27 years left, we are on the SVR of 2.99 at the moment paying back £678 which is great. Our house according to the nationwide is valued at £178,000. Now I am unsure what to do next, I phoned the nationwide to see about fixing…
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Mortgage not advertised as for existing customers only!
We applied for a remortgage with HSBC on a house that we own outright but were turned down at the last hurdle because the manager decided that since we didn't have an account with HSBC we didn't have a 'close enough relationship' with them. The mortgage that we had applied for was advertised in the National press and did…
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Lloyds Mortgage in NI?
Hello everyone, I have a property in Glasgow. I got my mortgage from Lloyds TSB (Cheltenham & Gloucester) and after a 2 year fixed rate it has now moved on to a variable rate. The property was £110K and the mortgage was 95%, so I owe the bank £104,500 or thereabouts as the mortgage was interest only. I tried to sell my…
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ING Direct - Mortgage Application
Hi I wish to apply for a mortgage with ING Direct. My situation is as follows: 1. Loan amount reqd = £365k 2. LTV = 80-85% (i.e. we have a deposit of 15-20%). 3. I am married and the property I live in with my wife, who is self employed, is in my wife's name and always has been. 4. Jointly own my parents home with my dad.…
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Is that too risky?
I bought my house for 163K in mid 2008 and put 10% as down payment, my mortgage now is around 144K, I am currently on variable rate 2.5%, I lost my job early 2009 so I moved abroad to work and rent my house. Should I leave things as it is? do I need to move to fixed rate? am I stuck if not working in the UK? Please help!…
