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help
Hi martin please could you help. my mum and dad thought they had an endowment mortgage but on completion of there mortgage the company said it was house insurance. They paid £35 a month for 15 years. In them 15 years they never received any policy documents or renewal documents. they took this policy out back in the…
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How do repayments work with shared mortgages?
Hello, I was wondering, if two friends A and B have a mortgage together - A put in 40% equity and B put in 60% equity. How would it work if A wanted to make early repayments (presuming there's no early repayment charge)? As A is repaying early but B is not, does that mean that B takes the benefit of A's repayment as the…
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RBS Mortgage balance tip
Hello everyone I am forever having to call to obtain a mortgage balance from RBS. This was until i looked at their online deal switiching facility. If you login with you mortgage account number, DOB, direct debit account number then you will be taken to a screen that details your mortgage balance, remaining term etc... At…
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Moving from our first house to the next step up the property ladder - questions!
We outright own our current property which was recently valued at £140k. We're currently looking around for other properties to move to. We've seen one we like. It's local and has everything we want from it (which is rare so we're quite keen on it already having been searching online for months). It's just gone on the…
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Pay of mortgage - offer less than owe ?
Help - I,m brand new to this and have a fairly simple question - I'm out of any "penalty" phase with my mortgage and about to be made redundant - question should i use my cash to approach my mortgage company to make an offer to pay off my mortgage in one fell swoop - and should i offer less than i owe -say its £75K -what…
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Aviva - projected shortfall anomaly
I received a Red Alert letter today from Aviva outlining the current final projections. I was a bit confused as the projected final amounts assuming a 4% or 6% investment growth were exactly the same: Low Cost Endowment – Guaranteed minimum value on death -£100,000 – Maturity date March 2014 Assuming growth at Projected…
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How many people have failed after a mortgage promise?
Does anyone know how often mortgage promises fail to get to the offer stage... I've disclosed everything, not told any porkies, but there are a few blemishes on my credit history, nothing too worrying, a few late payments on a credit card, last year, which is settled in full now... Pulling my hair out with worry - should…
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Remortgaging Within 6 Months
Hi guys, Just wondering if anyone could give me an idea of what this will cost me. I have come to an arrangement which would see my girlfriend and I being able to purchase the house we want now with her father acting as a guarantor. This is due to the fact that she is qualifying as a teacher in September and despite the…
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What are the chances of getting a mortgage?
I am looking for advice for a friend. Hoping someone can help. Based on the following information is a mortgage is likely to be achieved? The situation is that they have the opportunity to buy their council house (freehold). Property is likely to be valued at £195k (rough guess but pretty sure it is accurate within £10k…
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Types of staff contract w/r/t mortgages
Hi all My o/h is taking on a new job and has been offered the choice of a staff contract or an 'open-ended contract' which pays slightly more but has fewer benefits. We're weighing up the options but wondered if an open-ended contract would be any hindrance in getting a mortgage. We already have one and have re-mortgaged…
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FTB: Mortgage Application Address
Hello, My wife and I are about to apply for a mortgage as ftb. Just got a copy of my credit report and it show my current address as my parents and my linked address as my current rented address. It shows that I was registered on the electoral roll at my parents for 10 years up to 09 and then here (my linked) address since…
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life policy or endownment
we took out a mortgage in 1995 (which we no longer have) and at the same time we took out either a life policy or an endowment, can't remember which it was and we have no paperwork for it. we rang the company and they are sending us copy documents. the guy on the phone said although the policy was for around £20,000 as it…
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New Buy Mortgage scheme help please
I wonder if anyone can help answer this question. I have recently attempted to purchase a new home under the new buy mortgage scheme recently released by the government. This allows for people to get on the housing ladder with 5% deposit, new homes only. Reading on this site it relies on the builders putting 3.5% of the…
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Help worried FTB
Hi I am new to this and new to buying my first flat. I have recently had an offer accepted on a small one bed flat, offer accepted at 128000 and I have 20000 deposit. I earn 36300 a year in a stable job and have about 80000 left in small loans and credit card.( both small loans will be paid off in 8 months) Had an agreed…
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Bad credit, student income but no mortgage on property - Can I buy another house
I have bad credit which is due to not paying my utility bills for nearly a year and a half when I was younger. Unfortunately this left me with debts 5 years ago, I have never paid any payments and now they have found out I'm back with parents whilst the house is rented out. Can I buy another house and pay off my debts…
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Homeowner-Mortgage Advice
Hi Why is it every new scheme being set-up to help people move seems to be geared at first time buyers...don't get me wrong I realise how important they are to getting a market moving but why it there nothing being done to help those who want/need to move. I've been in my house 1 bed house for 4 yrs and bought it 6 months…
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Endowment Misselling in 1987 any help available?
Hi, I've pursued this problem on and off over the last decade. Getting nowhere. So this is my last effort in getting any help. Finally, our endowment mortgage matures in August. whooppee. and guess what, quite a big shortfall is predicted. ~Thanks Standard Life via Halifax. It was 1987 when we took it out - young and ill…
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95% LTV Mortgages-NOT Newbuy Scheme
Hi, I probably already know the answer to this but does anyone know of any lenders that are offering 95% LTV (not the Newbuy Scheme)? My Husband and I earn over £70k a year we have a mortgage (with Halifax) on our current property but want to get a bigger house but can't save enough money to get the 10% deposit with all…
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Which way to go?
Hi, any advice from you specialists would be really welcome. I currently have a capital repayment mortgage of £170,000 over a 20 year term fixed at 5.8% (10 year fix but down to 6 years now). ERC charge is 5% (so circa £6500). I have savings of £51,000, and currently OP my mortgage by £500 every month off the capital WHAT…
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Endowment - Surrender or fight on??
Hi first post after a while lurking. I have a question which I hope someone can answer. I currently have a £53000 mortgage which is made up of £15000 interest only and £38000 repayment. The mortgage has 9 years left to run although I would like to clear it as quickly as I can. I currently overpay a small amount and have…
