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Prudential endownment
Hi - I wonder if there is anyone who can advise me. We have a prudential with profits endownment which is due to mature in December. We were always of the belief that there would be a terminal bonus applied at the end of the endownment. We have been trying to find out about this from Prudential and basically cannot get an…
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Opinions on next best move
Hi all, Im after some educated opinions on what we should do next with regards to our finances. My OH is clueless and any time we have been to an 'independent' adviser we have ended up with another problem so I'm reluctant to do it until im fully armed with the facts ! Brief backround, my OH works full time and im a SAHM…
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Obtaining a mortgage
My partner and I are looking at buying a house together. He already has a mortgage and I don't. We both have had 1/2 missed payments on credit accounts within the last year. Does this mean we will not be able to get a mortgage at all? Are there some lenders willing to lend?
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Halifax error in mortgage offer
My partner and I have recently taken out a first time buyers mortgage with Halifax, a 2 year fixed rate deal after this we would then revert back to their Standard Variable Rate. We received a letter this week from Halifax stating that the following information in our mortgage offer was incorrect: 1) The APR (overall I…
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Halifax consent to lease
I have had a SVR mortgage with the Halifax for 22 years. I have three years left to pay. During most of this time I have rented out the flat because I was working overseas. The Halifax was aware of this and gave me permission. Yesterday I got a call from them saying that I now have to change to a consent to lease mortgage…
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Valuation survey
Just had the valuation survey back from the mortgage company. The property I'm buying was originally on at £220,000, then reduced to £210,000 and my offer of £200,000 was accepted. The valuation survey shows a value of £200,000. I'm surprised this has come back with a figure at exactly the purchase price. Is this normal?…
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HSBC Mortgage Process
I have just applied for a mortgage WITH hsbc.I applied in branch on monday 1st Of August.On tuesday the 2nd of August I checked my credit file online and noticed that it has been searched by HSBC. I was told by the adviser in branch when I applied that it takes 3-5 working days to hear from the underwriters,but despite the…
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what fix is worth doing if your overpaying
I only ask as I stupidly fixed 3 years ago for 5 years on a 6.99% rate. I started overpaying last Decemeber and I am now in a position where I am at 71-73% but it just made me think that I should be factoring in how much I will be overpaying into what sort of fix I opt for. hope that makes sense! lol
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vinno 65
Have heard about your experience with endowment mortgage success and would like to get in touch as I have a similar problem against Legal & General who have miscalculated redress 3 times and do not want to know. Need to get in touch with people who have had experience with obstructive insurance companies, and also…
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Mortgage help
New to this board and an im need of some advice, both my partner and I signed DMPs many years back now, however, we are not past the 6 years for it to have dropped off our credit files. Since doing this we have learned our lesson, now budget very well and pay off any debt that we have (very small amounts of debt may I add)…
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How many mortgages can you have on one house?
Hello All, I've tried Googling this but can't seem to find an answer. I have two mortgages with HSBC on my currently property. I wish to release some more equity from it. I am still within the LTV for the mortgage I am looking at. We can afford the repayments etc.... Can I apply for another mortgage from HSBC? Thanks J
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Guest Comment: Beware the 'fix now!' mortgage plea
This is the discussion thread for the following MSE News Story: "'Fix now!' That's the message you'll hear now from many mortgage experts with rates at record lows. But as broker London & Country's David Hollingworth says, none of these commentators have a crystal ball ..." Read the full story: Guest Comment: Beware the…
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Nationwide mortgage deals just changed?
Outstanding mortgage 77.5k House Value 190k Our 3 yr tracker (currently 2.74%) with Nationwide expires in October and last month I had a look at their website to see what the latest deals were. It clearly said that existing customers coming to the end of their deal had to go into the branch to discuss because they did not…
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do I cash in endowment?
need some advice please, we have endowment took out in 1996 just been told it's surrender value is £6,924 and to date we have paid in approx £7,600. Our question is should we cash it in now and clear some debts that we need to clear or should we let it mature, it's already projecting a shortfall of £8,000 on the original…
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Can I put my parents' mortgage in my name to extend the term?
My parents are in their early/mid 60s and are quite tight for money. Ideally they'd like to be slowing down / going part time at work. However they have around £50k still to pay on their mortgage and they're paying almost £1k per month, with about 4 years left to pay. I'd like to help them by taking over their mortgage and…
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re-mortgage with poor credit rating
we have tried everything that we can think of.we have exited a tracker rate of 0.5% above base rate to 4.99% on a £185k, with arrears, now at £187k.we do pay the £750 per month ,but because our income is sporadic, it tends to be over 5-6 weeks, instead of 4. so far we have been in and out of £35 letters to advise us that…
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Nationwide Mortagge Application Process
Hello.....wondering if anybody could clarify as our FA is unavailable ATM. We posted a mortgage application to Nationwide on Tuesday 2nd Aug (as an existing customer we couldn't do it online...they were insisting on a completed paper form!!!!) I know it has been received as my employer received a request to confirm my…
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Barclays/Woolwich Offset Mortgage now fully offset. - Where to go from here?
Hello Everyone. I have a couple of Barclays/Woolwich offset mortgage questions for any experts or keen number crunchers out there to get their teeth around. :) On Tuesday I reached the fortunate position where the savings in my Barclays offset savings accounts now equal my remaining mortgage so I am effectively paying zero…
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Where is my endowment?.
Hi Was wondering if anyone can help. In 1999 I brought a house on an endowment mortgage. I was living there a year before moving. When I moved I switched to an ISA mortgage. I phoned up my financial advisor whom I Brought the endowment from, to see about cashing the endowment in. I was told that if I did not continue…
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Nationwide overpayment drawdowns - a grumble
Hi all, I'd be interested in opinions on this. When I took out my Nationwide mortgage a few years ago, their advisor explained the 'flexibility' aspect, particularly regarding the overpayment reserve fund, and how the customer was able to make a drawdown at any time. It was explained that I should think of the reserve fund…
