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Mortgage Discharge Fees
My wife and I are in the position of being able to pay off our mortgage in the next two to three months. We have received a statement which shows we would have to pay a "final repayment charge" of £275. My understanding is that this fee is the same as the old mortgage discharge fees. Back in 2006 when I sold my last…
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Mortgage Application while on mortgage with Ex-Wife
Hi, I divorced from my wife in 2009, She lives in the FMH paying the mortgage (95k) interest only, I have a legal charge on the property which ,means she will have to sell when our youngest reaches 18. I then get my share of the equity. My partner and I both work although I earn a little more than her. Most mortgage…
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Brother letting us have his house for deposit, how does it work?
Hi everyone, me and my partner are looking at buying a new build house and her brother has kindly offered to let us use his house as a part exchange against our new house, he currently rents it out. Is this aloud and if so how would it work? would he have to sign his old house over to us first? Would he have to have his…
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endowment compound intrest
I got behind about 15 years ago with my endowment payments and the company are treating this as a loan on the policy and charging me 11% compound intrest which has increased the ammount i supposibly owe considrably can they charge 11% with rates as low as they are now or are they hoping i dont complain and just pay this…
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Mortgages
My ex partner and I split up 1 year ago. During that time I have lived in the house that we jointly owned with his father. Up until last month we have both been paying half of the mortgage. He has now stated that as I live in the house, I need to pay the whole mortgage as he can no longer afford to contribute as he is not…
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5-year Fixed or 2-year Discounted
Which to go for - * a 5-year fixed rate at 4.25% with a £499 arrangement fee reverting to 4.49% SVR. * a 2-year discounted rate at 2.9% with no arrangement fee reverting to 4% SVR I think the 'reverted to' rate should be effectively ignored as it could be anything by the time the 2/5 years is up. The problem is, the…
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Fix for 3 or fix for 5
Hi all I wonder if someone can give me some advice as I really dont know what to do. I have a mortgage of £100000 and Im about to switch it to a fix rate but I really dont know which one to choose. My current mortgage provider has given me the go ahead to change to fix rate without any charges apart from a switch charge…
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Finding an IFA
Hello, I am looking to use an IFA to help find my next mortgage deal but I have no one to give me a recommendation - I would be looikng for them to be working on a commission basis. Is there a national company I could use or some other way of checking if they are good? I have used a mortgage advisor before but from reading…
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Natwest mrp when mortgage paid off!
Hi everyone, I am not sure that I am putting this in the right place. I was wondering if you could help. I have just had a phonecall from my parents to ask if I knew what Natwest MRP was. I looked it up on the internet and it says that this is Mortgage repayment protection. My parents paid off there mortgage in Feb this…
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Re-claiming miss-sold endowments
I have already claimed (2 to 5 years ago) for three miss-sold endowments and received small compensation payouts. These payouts, together with the matured final endowments, were still short of the mortgage that they were supposed to cover. Can I reclaim?
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Could we get a mortgage?
Hi folks, Looking for some advice as to whether or not there could be any mortgage solutions for my partner. My partner will be the only name on the mortgage. He has never had a credit card or loan, but according to experian holds 5 credit accounts. No defaults, CCJs. According to experian it's a negative factor that he…
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Major problem with property I'm letting out (advice needed)
Hi, I lived in a one bedroom flat with my wife and our daughter. About 6 years ago we got an offer to buy a 3 bed house from a friend for what at the time was a good price. As I still had 6 months on my mortgage and a lot to pay to get out of it a mortgage adviser told us to keep it and pay interest only for 6 months then…
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Woolwich Mortgage - new interest rate
Edited for privacy
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Northern Rock down valued new build :(
Hi all We've just exchanged contracts on a new build house that is due to be completed end of November. We've applied for our mortgage, via Northern Rock, but unfortunately they've down valued the property by 10k, so obviously dropped what they will lend us by 10k. I've forwarded the valuation to the builders, hoping that…
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Probate, Mortgages and Banks
Afternoon all, Sadly a relative has recently passed on, leaving us as executors. There is an outstanding mortgage on the property left behind with no life insurance to cover it due to circumstances. The best for the estate (and the number of cash gifts etc) is to refresh the house, which is a little outdated and tired, and…
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Focus on finding a mortgage or paying of existing loans / credit cards?
Hi Wonder if anyone could give me some advice please? My partner and myself are starting to look at saving a deposit for a house but he has some outstanding loans and we both have small credit cards which we haven't paid off yet. Is it better to focus on clearing debts first, trying to find a mortgage once we have the…
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To go or not to go with natwest
Hi this is my first post, I am probably going to sign up with Natwest tomorrow on a (non banking,I bank elsewhere) tracker rate of 3.69percent. Borrowing about 135k with an ltv ration of about 66%. I am using natwest because they offer almost 5 times salary and seem straight forward, they aren't slow in putting there…
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Question I need answering, dohh!
So I want to pin down what stamp duty would be payable in the following circumstances as different lawyers are giving conflicting info and the lender cannot answer either; * Daughter lives in house Mum bought for her using a buy to let mortgage as at the time Daughter could not get a mortgage. Mum lives elsewhere. * Value…
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Clutching at straws
Hello Everyone. Was just a wee question regarding the deposit. Is it possible that say for talking sake a house valued at £100k was for sale. I put in a cheeky wee offer of £90k. The house is valued at £100k so can the £10k difference not be used as a deposit? Or am I completely barking up the wrong tree..... :o Cheers M x
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Endowment compensation
My mortgage ends in August of this year and like many others there will be a shortfall. I tried to claim compensation a number of years ago after contacting Standard Life to get details of the person who sold me the policy. I had no reply from the broker and presumed it was because I had no claim. I have been told recently…
