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Loans

Discuss all types of personal loan. Remember MSE's stance on loans: 'borrow as little as possible, repay as quickly as possible'.

Arrangement fee refund
If I paid the arrange fee for a mortgage but then do not take the mortgage out should I get a refund on the fee? I can’t find terms and conditions surrounding it on the NatWest website
Cost more to settle loan early than pay over remaining period??
Hi everyone Hoping someone can provide me some advice. My husband has a loan with Sainsbury's Bank which we have a couple of years left on and and were looking to settle it early. On calling Sainsbury's, they stated that the remaining value on the loan was £17,799.52, and the final settlement figure is £18,192.14, meaning…
Early Repayment Question
Not quite a loan question but many years ago my husband and I owned a company that went under owing an £18000 guarantee to Nat West Bank (it was our agreed overdraft). I have paid back £100 a month since then. The £100 is paid to a company called Drydens and only one payment has ever been missed, that was years ago. Twice…
Loan against our existing mortgage
We took a loan against our mortgage which is a 2nd charge. We're struggling to pay now. Can we add the outstanding amount to the mortgage so in the event of sale or demise it is paid off. Would appreciate a reply from people who've experienced this. Thanks in advance
Unsatisfied service received via 3rd party finance
I was made redundant about a year and a half and to get back to a role, I have been trying to upskill myself. I enrolled a IT training provider in last year May for a 2 weeks course with intership and placement assistance. I chose this place as this has offered the training and work experience for UK and not taken it from…
BNPl with ao.com
Hi there everyone I'm at my lowest point of life I purchased a Samsung s24 from ao.com and they sent me a wrong phone I took pictures of the iPhone 15 they sent I got it on BNPL they are insisting they sent the correct phone they won't refund the finance company newday finance company until they receive the phone back…
M&S loan overpayment query
Hi all, Can anyone with experience of M&S bank or industry norms explain whether the following is expected: Took out a 10k loan for a car from M&S bank at 6.2%, total circa 11,100 hit my credit score, ie all capital + interest that would be charged. I've overpaid 5,000 back from savings on mid November before the first…
Unable to get credit of any sort from Barclays only
Hi. Slightly odd one this and not sure if anyone can help me. My credit file is almost spotless, I have quite a lot of credit but have never missed a credit payment. I did miss a water bill 4 years ago though so have 1 missed payment there. I have no problems getting credit from anyone except Barclays. I used to be self…
Pension loan
Advice needed. I am public servant on a defined benefit pension. I plan to retire in 4 years time when I reach state pension age. I have paid off my mortgage. I want to borrow £72k against my pension lump sum. I intend to make monthly payments of £500, and pay off the balance when I retire. Is there such a product on the…
I need help to borrow £15000 with no monthly payments. Pay back when house is sold
Is it possible to borrow £15000 for approximately 6 months until house is sold, with no monthly payments. I spent 2.5 hours on Halifax chat and finally got offered a minimum of £25000 mortgage. The words 'sledgehammer to crack a nut' spring to mind. Can anyone give me some advice please?
Letter demanding money from OPOS(Capquest)
I have received a letter from OPOS about a credit card which I never had. They have bought the debt from the creditor. Can somebody provide a link to a Provit letter?
How to avoid the 58 days interest being added to the early settlement of a loan???
So in May of this year I took a loan from Admiral for £8000 over 4 years 16.3APR £223 per month payments. Since then my credit file has improved and I can get loan at much more reasonable rate. I would like to pay off the remaining Admiral loan by using a lower interest loan of £7500. I could reduce my interest payments by…
debt collection letters
Hi I have just received 3 letters from a debt collector called verifi in regards to a loan I had over 23/25 years ago.l, Iv not spoken or received any letters from them in over 20 years. This gets a little confusing so bear with me, the letters are coming through in a surname i used 20 years ago. Now I did use this name as…
Skye Loans
I am looking for contact details of the company Skye loans which took over loans from Blackhorse in 2015. I am currently trying to sell my house. My solicitor contacted me because when she checked the Land Registry, Skye loans was still secured to my house. We had taken a loan from Blackhorse which was taken over by Skye…
Best Friend Loan for Mortgage
I have recently been paid a significant life changing amount of money and now planning how to invest for the future. In doing this I feel like I would like those around me to benefit and one idea is to help a friend reduce his monthly mortgage payments by gifting him the remaining amount on his mortgage circa £150k and him…
Interest On Death
A friend has been recently widowed at a young age and is trying to deal with an outstanding motor finance agreement for her deceased husband. The settlement figure has recently increased by £1000 - approximately £400 for missed instalments plus a penalty! I was under the impression that interest automatically froze at the…
Business Funding
Applying for a business loan as a small film production company to cover production costs , I opened a business account with my bank and now everything is in limbo as the funds are bouncing around to do with fraud laws and credit rating so feeling confused
Pay off PCP with loan
Good afternoon. I hoping for some guidance. I have a car on PCP (69 plate car) until November 2025. I currently pay £114 a month and the final payment will be £10,322 whether that is I give the car back, trade it in or buy it. I think the APR is 11 or 12% From now until then I will pay £1,254 in monthly payments i can…
Right To Withdraw
Hi guys anyone have any idea how this would work on a "loan top up"? For example if you had a £600 left to pay and they offered you an additional £500, this would settle existing loan and you would receive £500 and new balance would be £1100 etc. You have 14 days to withdraw from agreement and must then pay any funds back…
Funding property abroad.
Hello. I'm looking for advice about hot to fund buying a property abroad. Me and my wife are both dual citizens of UK and Poland. We live over 10 years in England, and thats a place where we want to live until retirement (so, still more 20 years), but we are thinking about buying a home in Poland, renting it at a moment,…

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MSE News

Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.

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Loans

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