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Have we been approved the mortgage!!!!!
Hi Guys We currently have a mortgage with Santander but have applied to port our mortgage as well as borrow a little more money so's we can move to a new house. Full application went in via mortgage broker a week ago, Santander have arranged a mortgage valuation which we have upgraded to a home buyers survey. Does this…
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Endowment maturity vs last projection
I have just received a letter from Prudential stating my plan will mature with a value of £29,356. However, the last projection indicated the following: Jan-12 assumed growth 6%/8%, projected amount £29,400/£30,100 Looking at the rise in the FTSE between Jan-12 and Jan-13 I estimate it to be more than 10% and since January…
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Surrendering a unit linked Endowment policy early
I have a unit linked endowment with Phoenix Life, details as follows:- Start date: 26 Feb 1990 Maturity date: 26 Feb 2015 Monthly payment: £65 The policy is not linked to a mortgage as this has been paid-off so the life cover of £45k is no longer relevant. My dilemma is whether or not to surrender the policy now or let it…
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halifax mortgage application
Hi, This is my first post but always read the threads daily,I applied for a mortgage with Halifax but based on my current wages there is a short fall of 10k,Halifax said they would originally lend me 144k but now they have said 134k, The question I was wondering is, I have a 3.5k pay rise that is paid and back dated to jan…
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Moving abroad with First Direct mortgage
I've got the opportunity to relocate abroad with my company for a few years, but we currently have a 'life time'variable tracker repayment mortgage with First Direct (currently at 0.34% above base rate!!!:rotfl:) and I'm unsure if we need to let them know that, a) we're going abroad for a few years and, b) if we need to…
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Can I claim on my mortgage protection
Can anyone help me. I started a new job and was on a probation period, that has come to an end and they say will not b keeping me on as I was not good enough at some elements of the job. Will my ppi pay out, I have had it for years:(
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1st mortgage
Hi all, i have a few questions on mortgages after i've read the MSE guide. Me and my girlfriend(marrying next year) are looking into getting our first place together, we're fed up of crap landlords and whatnot. We have a deposit of £20K(partial inheritance, mostly saved by me)currently which will start growing again in…
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Barclays Springboard Mortgage
Hi I've been working over the last year to get my financial life back on track, my partner and I currently rent a house and have been saving for a deposit to buy, we've got around the £4,500 mark at the moment and were expecting to save for another year or 2 before we ventured into the market, however the "Barclay's…
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Halifax overpayments query
Hi, I made some overpayments earlier in Dec/Jan and Halifax have not reduced my monthly payments. They said that they now only reduce them when asked rather than automatically so I said then that must reduce the numbers of months/years left on my mortgage then because your capital repayments have increased to which they…
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Mortgage deposit help from brother?
I am currently renting, the rent is killing me being stuck work-wise between Surrey and London. A reasonably modest 3 bed sets me back 1550 + council tax. My job is somewhat specialised, I get well paid (top percentile) for long hours but of course taxed a lot as well. Until 5-6 years ago I had spent most of my working…
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Mortgage application - credit check etc
My husband and I applied for a mortgage with Chelsea Building Society 3 weeks ago. We had received a mortgage promise and then the following day continued with a full application. We paid the application fee and have provided all the documentation they have requested over the last few weeks, all of which has been signed…
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unsure whether to remortgage or stick with SVR
hi mortgage knowledgables...i'm looking for opinions & advice as feel a little tunnel vision, and inexperienced. we are in lucky position of having low mortgage left on our flat(£22,385.00). mortgage just in my name as bought as first flat when i was single & mortgages always based on my earnings alone. last year was a big…
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Would I get a mortgage?
Hey everyone! I figure this is probably the best place to get advice of this sort.. So I want a mortgage, Im sick of renting... no matter how nice it is its just never yours. Me, my partner and 2 young children, we are on a fluctuating income due to me being self employed we get child tax credit, working tax credit and…
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Nationwide credit check error
Hi me and my girlfriend applied for our first mortgage through nationwide today. We used an independent financial advisor. We passed the agreement in principle with no problems. However I have identity protection/credit report facilities with my bank. I checked it this evening and they have made two credit searches on my…
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Need a mortgage of £270k - where to look?
We've had an offer accepted on our dream home for £340k. We're FTBs and have a £70k deposit (and extra for stamp duty and fees). I earn £45,000 pa with a 10% (non-guaranteed) annual bonus. DH is self-employed and should net £22k but only has 1 year of accounts. Which lenders should we consider? I've got a call with a…
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Mis sold endowments pre 1988
I took out an endowment mortgage for £43,700 in 1987. It has now paid out with a shortfall of nearly £9,000. I complained about mis-selling via the FSO and the FSCS but neither could help because the policy was taken out pre 1988. Is there any way of getting compensation for mis-selling? I am considering taking Aviva to…
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CGU Mortgage Endowment Promise 2000
In 1987 I took out an Endowment with CGU for £43,700. In 2000 CGU issued their mortgage endowment promise and said it applied to all of their endowment policies. My policy has natured with a hefty 20% shortfall and Aviva have said that the policy does not qualify for the promise because it was on target to pay off the full…
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Does Overpaying a Mortgage Help You Get A Mortgage Holiday?
Hi, I'm facing redundancy so looking at options to protect my mortgage for possible hard times ahead. One Idea I've had is to use some of my redundnancy money to 'max out' my mortgage overpayment allowance for the year. As well as the obvious benefit of reducing my debt, can any overpayment be used as a replacement for any…
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Mortgage Offer
Hi, Our broker received an email on Tues confirming our mortgage offer (Santander). Does any-one know how long we can expect to wait for our copy? Thanks D80
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Natwest 10% Overpayment Limit - How is it Calculated?
Hi All, I'm considering overpaying my mortgage with a lump sum but am restricted by a 10% limit per year. If I go over this I'll be hit with a hefty early repayment penalty so want to know details of how this option is worked out. What date determines the balance that the 10% is calculated from? The date the mortgage was…
