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Scottish Amicable Endowment (now Pru)
We have a Scott Am endowment taken out in '89 due to mature in 3 years, we've had red letters for the last 5 or 6 years (might be longer !) Does anybody have a similar plan which has matured recently? We are just wondering what its likely to pay out. We are expecting a shortfall of around £10,000 and have savings to cover…
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Advice please on getting a mortgage
Hi, I currently own a place with a friend where we have a joint mortgage. My friend now wants to sell the place and I don't so ideally I would like to buy him out of the flat. I presume the mortgage company would no take into account the prompt payments etc over the past few years and would require me to take out a brand…
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Releasing equity...is it worth it?
Not sure if this is the right place but I'm after some advise please. My parents are both in their late 60's & retired. Mum is in bad health but they have now paid off their mortgage. Each month they are struggling to pay bills and counting the cost so are now thinking of releasing equity and hoping to still live in the…
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22 Yr Old - Mortgage On Own
Hi everybody, Basically I have decided that now feels like the right time to get on to the property ladder. I am bored now of moving up and around the country. I have moved back to my hometown in the Midlands (I have a work from home job anyway) where newish 2 bed homes sell for £100k. My wage is £23.3k and definitely due…
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nterest only repayment vehicle advice needed please
looking at taking interest only for 12 months and would like advice on best type of repayment vehicle to take out to satisfy bank's requirements. £58,000 over 17 years. any idea how mUch I would need to pay each month in order to cover that? Thanks very much everyone.
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Help with re-mortgage
Hi, I need some help with figuring out how to re-mortgage I'm just coming to the end of a 3yr fixed deal with Santander. Rate was fixed at 5.8%, and is due to go down to their variable rate 4.24% in a couple of months. This still feels like daylight robbery since the base rate is so low! Ideally i would like to remortgage…
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first time buyer, 0 hour contract
Hi, Please can someone help? Myself and my husband applied for a first time buyer mortgage through a broker with the halifax. The problem is that I am on a zero hour contract but have worked 20 hours a week with this company for 4 years but they refuse to put it in writing, I have submitted my p60s but they dont correspond…
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Cant get a mortagage for 20% of property value?
Hi There I am looking for some advice. I have just decided to move house. My current mortgage balance is for 10K on a property worth 260K. My current mortgage with Santander is for 120K so I can draw against it if I need to. (Offset mortgage) I want to move to a house worth 300K to do this and pay all the associated costs…
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Mortgage advice needed
Hi all, I am in a difficult situation at the moment which I would appreciate some advice on...and this gets quite complicated!! Basically, I have had a mortgage for some years now but 2 years in and me and my partner split, leaving me in a 2 bed house with a joint mortgage. We have a child together and as we remained…
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Newly self-employed and need a mortgage
The house we're offering on is £245,000, which we plan to pay for with £93,000 mortgage, £90,000 equity from our current house and £62,000 cash. We have a good history with our current provider (Leeds) and have overpaid large amounts each year. My husband has only been self-employed since September but is earning around…
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Transferring a mortgage
:hello: I have an mortgage which is portable of 40,000 and wish to move to a more expensive property and needing to get a mortgage of around 200,000 on a property which is worth 485,000. Do I have to get the mortgage from my current lender or can i get one with a different lender? Therefore would I have two mortgages? I'm…
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Tricky Mortgage Situation!!
Hi, I'm a first time byuer looking to buy the flat I'm currently renting. I got most of the way through the mortgage process with Royal Bank of Scotland only to be told the number of buy to lets in the block of flats made the property unsuitable to lend on & I've since discovered the many mortgage companies have the same…
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Shared Ownership Staircasing
We took our SO mortgage(gasps) out in August 2009. The property was £115,000, we mortgaged 25%, so £28750 and put about £6k down at the time. We've now managed to save up a further £3,500 and are contemplating staircasing to owning 100% of the property. The mortgage stands at around £22k and i'd imagine the propertys still…
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What type of mortgage for me - I need one ASAP ?
I need to sort a mortgage out ASAP, always rented and now need to move out of current place due to relationship hiccup :sad: I've checked my Experian credit rating and it's @ 823 points - not sure if this is enough for a mortgage as this is new to me...any pointers at all ? I'm looking to buy somewhere for about £125k and…
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First time buyers looking for a mortgage...
My boyfriend and I are looking to buy a house together. Between us and a very kind gift from his parents, we will have a sum of £30,000 available for us to use, so we're looking at a deposit in the region of £25k to give us enough money for the fees involved with the process. We're looking in the region of £160k purchase…
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Remortgage Query
Hi guys I will be potentially looking to move into a bigger house this summer based on how much i am allowed to borrow. Im unclear as to what salary multiples etc are in place for people who are not 1st time buyers. Is it still 3 or 4 x salary or do lenders tend to be more generous when dealing with people who are already…
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Natwest Mortgage - Gone To Offer?!?
Ello people... Would someone be able to clarify the below comments please from my Mortgage Advisor? 'have just spoken to Nat West and it has gone to offer and you will be getting the paperwork in the next couple of days.' Thanks :)
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Loan from mother - is it legal?
My mother is a widow and wishes to downside to her keep living costs to a minimum. The sale of her current home should enable her to purchase a city centre flat (c.£140k). She is in her 60s, lives off the state pension and has some modest savings in the region of £50k invested as income bonds. I’m a tenant but have been…
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Mortgage payment date query
hi there We finally exchanged contracts last Friday and are due to complete this Friday. i understand from other people that you can choose your preferred payment date for your mortgage to come out on - we don't recall the lender (Halifax) or our broker asking what date we want to pay on. When do we get the option is it…
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Woolwich withdrew mortgage offer due to their mistake - claim/compensation?
Hello, I was due to move into a property and had a verbal mortgage offer from my lender, Woolwich who stated they were faxing the mortgage offer in the morning to my solicitor. When I called the next morning they assured me there was no problems and the offer would be with me within 30 minutes. They didn't and when I…
