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Endowment policy
Quick question- if I cash in an endowment policy, (before it's maturity date) or sell it on to a third party, is the payment I receive taxable? Thanks.
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Mortgage Affordability Test
Has anyone had experience of Nat West affordability calculators, I have just applied for a mortgage with them and they have asked to see 3 months pays slips and 3 months bank statements. I always pay of my credit cards each month in full and I have checked my credit rating and it is ratted as very good. I have take home…
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Switching mortgage every 2 years
Hi all I'm trying to figure out what is the best option if I'm remortgaging now with a 2year tracker but intend to move house in 1.5 years time so will incur some kind of early exit fees. Value of the mortgage is £145k Is it better to either: 1) Take a mortgage with interest rate of 1.29% with a £1100 arrangment fee and 1%…
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Skipton BS on-line mortgage account query
Has anybody on here had any strange transactions related to their Skipton online mortgage account? * I have a series of transactions every time I make a payment that do not seem to work correctly with multiple credits, debits and random entries each time * Both interest DR and Interest CR are treated as increases to my…
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Single mum with childcare costs issues
Can anyone please help me? I own my house with my now ex-husband, he's very kindly given me 5 years to get his name off the mortgage and has relinquished all his ownership rights over the house - perfect. I now want to move house and take his name off so I own my new place myself. I earn £19725 per year (work 4 days) plus…
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Am I entitled to half my ex's property
we bought our house together 3 years ago. I sorted all the mortgage but as my credit was bad we had to get it in his name. We have been together 11 years and recently split. to get the mortgage his dad got us a loan to pay the deposit off natwest which we are still paying now. At the moment I have moved out the house yet…
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BTL equity release
Isit possible to release equity on my BTL property and just leave 25% init and using the money to fund a second property. Thanks
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Mortgage, savings and self employment advice.
Hello, So my husband and I are about to swap roles. I am going to be working full time and he is going to be at home with our children. He is pausing a very well paid career and I am going to be starting a low paid one. We have been saving hard for this. So my question is about what to do should we want to move house. Our…
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First time Buyer - Large Deposit advice required
So recently I received a substantial amount of inheritance and I'm looking to put a portion of it toward buying a house. Ultimately I'm not sure what kind of percentage of the mortgage would be the most beneficial? Hypothetically I could put down £95,000 on a property worth £190,000 which would obviously be a 50% deposit,…
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part interest only
I have a part interest only mortgage with 80k of it being on interest only. it is in joint names with ex and I am wanting to transfer equity. Got a call off BS and started affordability decision but they asked me if I had a repayment vehicle in place for interest only. I do not. I have looked around on internet and cannot…
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Mortgage Payment Protection
I have an interesting situation with Payment Shield. I took out a mortgage protection policy in 1997 when we bought our first house. the policy is still running and we have had the great fortune to never need it. I checked my bank statement and this morning saw that they had returned my payment to them. I called them to…
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Early Exit Mortgage Question
Hi there Does anyone know if you exit your mortgage early and pay early exit fees does it affect you gettting another mortgage in the future? I bought a flat on shared ownership that has some issues the housing company will not help sort them out, I am at my wits end and at the moment the only way out I can see is to sell…
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4 hard credit searches at once?
Ok so NatWest did a soft credit search on our mortgage application last week and came back fine, that was done on Experian and Yesterday we received our “offer subject to valuation” YAY! But then I’ve just checked my clear score and noticed they have done 4 hard credit searches, does this sound right? I was expecting 1,…
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Remortgage questions for soon to be married couple
Hi, My partner and I are getting married in Feb 2018 and currently live together in a house bought before we met by my husband to be and so registered on the deeds and mortgage solely under his name. The currently mortgage ends shortly after our marriage date so we are looking at new mortgage deals and also what we should…
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Fixed Rate Monthly Amount Changed - Why?
My bank sent me a letter saying that my monthly payment has been recalculated - in year 4 of a 5 year fixed mortgage! I over pay by £50 a month but still would not expect the bank to change the payment amount during the initial rate term? Without doing the math my initial reactions is, even though the payment is lower,…
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Stamp Duty confusion
Hi, Thank you for taking the time to read my post! So lucky to be able to ask your advice. I currently have two properties: 1. Consent to let 2. Property I live in with my partner (not married). My name is currently on the deeds. My partner and I are due to split up after Christmas and I am raising money against my consent…
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First Time Buyer CCJ
Hi My boyfriend and I are looking to buy his nana and Granada’s house. However he has a CCJ (which is satisfied) and no other debt. I have an excellent credit score and £800 on a credit card. Combined income of £40k. How likely are we to get accepted for a mortgage? We have a 10% deposit and only need to borrow a…
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B&C Insurance during exchange?
Hello all Can anyone please recommend a site for home insurance (building and contents) whilst we are waiting for the completion date (which is 4th January)? I'm struggling to find one that offers that option for insurance during the exchange period! :o
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Can Barclays refuse to give you a copy of your valuation?
As per the title really. The valuation and mortgage offer was done in the same day and everything is fine, however we want a copy of the valuation - is this unreasonable? Our broker says: The lender would not send any copies of the basic valuation as it is for bank purposes only. Some lenders share this but unfortunately…
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Help needed loan with equity from house
Hi Guys, hope someone can help, great news sold our house, but for us to buy another house with the equity from the sale of ours we needed 25000 extra,, so decided it would be better to go for a loan over 5 years, with sainsburys. Now the question is the solicitors have asked for proof of where the money has come from, do…
