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Standard Life Endowment policy holders - heads up.
Like me - they will have given you a Mortgage Endowment Promise (MEP). If you ask how much it will be - they will give you a range of what the MEP is likely to be worth when the policy matures. I was told on the phone late last year by SL that: So the heads up is that (if there is a surge in early cashing in of policies)…
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Mortgage with a default
I think I know what the answer to this question is but be good for someone to confirm. I have a default dated July 2010 re a mobile phone company for £370. I have tried getting the default removed via MSE but as the bill was paid for 1 year they say its my debt. Will I be able to obtain a mortgage with an unsettled default…
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Most lenient lenders for FTB's???
Hello. My self and my partner are looking at buying our first house at no more than £130k. We have a deposit of upto £20k (Part funded by parents). I have experienced some problems with credit in the past and have only this month had a default removed off of my credit file. My score has gone up a little and is showing as…
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Lower interest rate with higher fees or higher interest rate with lower fees
Hello First of all I wanted to say that I will be seeking advice from a mortgage advisor when the right time comes but for now I have a question about mortgages and wondered if someone here would be able to give me some advice. In the long run what works out cheaper.... * A mortgage with a lower interest rate but high fees…
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Buy-To-Let Mortgage for Ltd Company?
Hi, New to the forum and hoping for some advice from you kind people... I started a new property business last year initially looking to buy/improve/sell properties. The market being what it is however my first property is looking unlikely to sell at a decent price. I'm now considering letting the property out for a year…
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Raising Capital/Funds for building work
Hi there, I'm looking for some advice, we have a mortgage that we've had for approx a year and a half, the original purchase price was £214k of which we've paid approx 21K so the current mortgage is for approx £193k. The property is small and our family is growing, ideally we need to go up into the loft space and create…
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Moral Dilemma regarding Negative Equity
I wasn't sure where to post this but thought as it concerns a mortgage and negative equity I might get some useful feedback. This is the scenario: James and Beth buy a house together. The house cost £198,000 James put in £100,000 deposit and they jointly took out a mortgage for the remaining £98,000. 16 months later Beth…
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Early repayment fee
Hi, we have had an offer on our house and the buyer wants to complete before March 24th to avoid the stamp duty. Now we have an ERC of £6k if we redeem the mortgage before the end of March. Catch 22 situation. Would it be possible to sell the house and complete the sale on 23rd March, to keep the proceeds of the sale for a…
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Need advice
It is nearly time to remortgage. My current fixed term mortgage ends next month and I am currently paying £889 a month with a rate of 6.99% this is with the Yorkshire Bank. (I'm paying interest and capital). My questions are, 1)if I stay where I am, what are my new payments likely to be? 2) if I decide to move house,and…
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Remortgage time
My base rate tracker is coming to an end. it is with Nat Counties. offer now is base rate +2.695. This seems abit high to me. My mortgage is £350k, house would now be worth £650k approx. however my circumstances have changed. I am now self employed and through tax planning schemes, i show £12k p.a. as my income and the…
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Stamp Duty Mitigation
Hi everyone. I am new to the housing market and looking for the perfect home, so being a first time buyer there are many hazards and trip ups I would like to miss. The home of my dreams has come to market and the owners have accepted my offer and we are moving ahead with the purchase. Unfortunately the agreed offer it is…
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Help with mortgage decision making process
My OH and I need help to discuss the various financial options open to us. Basically we've outgrown our current property, have saved up for a loft conversion, got the plan etc, and have no debts apart from outstanding mortgage. We think that in the long run we might be better off (in terms of better space options and use…
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Terminal bonus half percent !!
Morning all, I learn't today that my endowment terminal bonus will come in at a whopping 1/2 %. I know things have been bad on these but, not that bad surely ? Clerical medical with profits policy ending Oct this year - 25 year term, will fall short by appx 25% after bonus is added. Anyone know if this sounds about right ?
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Aldermore mortgages - any experience?
Hi Everyone, First time panicky buyer here needing some advice/reassurance. My partner and I have been saving hard for the last few years, and have finally saved up enough deposit for a flat which we like. Offer made and accepted, and we thought getting a mortgage would be easy.....how wrong we were. Flat is £123,000 and…
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The One account raising rates
Had a letter this morning from The One Account advising that from 1st May our interest rate is increasing by 0.25%. Apparently their borrowing interest rates have increased!! Anyone else had a similar letter??:mad:
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new mortgage and credit report?
Does anyone have any advice? At the start of the month we took a further advance from our mortgage to pay some outstanding credit,out of the blue we have someone wants to buy our house.We have seen a property we like but my concern is our credit reports have not yet been updated and wont be till 12th march,so it still…
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Mortgage payment protection
Hi Can anyone recommend a mortgage payment protection company? I pay approx £50/month for my mortgage to be paid if I become redundant. Are there any cheaper options out there? Thanks in advance
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When a mortgage company is owned by the state
Hello all sorry if there are any threads on here already I have searched but couldn't find what I wanted. I have a mortgage with mortgage express which was part of Bradford and bingley now state owned. I have about 20 years left on my mortgage and I'm not in difficulty in making my payments etc. the rate is really low at…
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Im young and confused about my mortgage??
Hi all!! I'm 22 years old. 3 years ago I took over the mortgage on my dads house. The house was valued at £204,000, I took out a £40k mortgage with an additional £25k loan against the house for improvements. I did this for a 35% share of the house based on it's £204k valuation. I have a declaration of trust with my dad and…
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can someone do the maths for me???
hi just wondering if someone can do some sums for me! if i had a mortgage of £85000 at a apr of 4.3% over 18 years how much would the balance be after 6years? thanks!
