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New car? it's a lot of money....
Hi, so I start a new job next week and should be able to save around £800 per month?! I'm thinking, should I buy a car.... Then I thought, a bank loan would probably be best as then I'd own the car and would be able to sell it if I lost my job and pay the loan off I'm a bit scared as I'm thinking about borrowing £25000…
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Loan to adult daughter?
Our adult self-employed daughter is currently living on a narrow boat that she owns (worth around £40,000). She is about to purchase her first house along with her boyfriend. My wife & I have offered to lend (interest free) them the value of the boat for their deposit until the boat can be sold. The cost of the house is…
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Overpaying on a repayment mortgage vs an offset repayment mortgage
Good Morning. I was just listening to your Podcast on mortgages which was released on the 3rd of November and had a question. Which of these two options is better: to overpay on a 25 year repayment mortgageOR to have a 25 year offset repayment mortgage if you one has savings that is 10% of the oustanding mortgage loan?…
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Car finance - I think I've been sold an unfit car
Hi all Me and my partner had a financed car with CarShop for 4 years, and traded in for a larger car due to some unfortunate circumstances. But we have had non stop issues since the day of purchasing of the vehicle, I will try to quickly summarise. We decided on a Suzuki Vitara (2017), the model we wanted they due to…
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Take Mortgage at 1.4% Fixed Interest Rate for 2 Years or 1.7% Fixed for 5 Years?
A friend of mine has been offered a mortgage by Halifax with two fixed term options: 1.4% Fixed for 2 Years 1.7% Fixed for 5 Years The decision depends on how much mortgage borrowing interest rates might increase by. Which option would you say is best? Thank you.
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How do I get the best possible personal loan interest rate?
Hello all, I'm looking for advice please on how I can secure a £15K loan over 5 years for a special purchase and get the lowest possible interest rate. I've gone through the MSE loan eligibility checker and read advice on the forums which seems to vary, but would like the best advice to reduce the interest rate I'm offered…
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Advice needed for car liability options
Hi, long story short, I purchased a 2018 Audi A6 Ultra Black Edition for ~ 23k with 1k down for PCP with repayments for ~ £395 PCM in August 2020. I picked this car purely because my ex partner wanted it, I personally wanted a van worth 2k :neutral: Now, I find myself sat with this huge lump of crap, even though it is a…
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Approved for loan APR higher than expected should I apply elsewhere or will it go against
Hi Applied for a loan online with Tesco Bank (Joint loan me n hubby) Got approved but there was an error on the form I filled out online which I didn't notice when I sent the signed paperwork back - I had managed to somehow put my husbands first name twice! Tesco phoned and said they had to redo paperwork and carry out…
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Merged: Cabots debt letter recieved
This discussion has been merged.
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Selling Company with BBL
If I sell the company with BBL Loan and do the sale and purchase contract. Will I still be liable to pay the BBL or the new director will be liable for any kind of debts acknowledged in the sales dead. Second if the bank refuse to add new director in the bank account for some reason, who will be liable to pay off or will…
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Secured Loan - Excess Funds?
Hi all, hopefully an easy question. My wife and I are completing on a secured loan (£46,000). We are aware of the issues with a secured loan but it's very much last resort for us and will cut our expenditure on debt from about £1,300 a month to £380 a month. We need to free up the money as our little one has to go to…
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Car finance - missing car
Hi, I have three years left to repay. Just the other day, my van became lost, I couldn't re-locate the carpark I left it in (central London). The car appears to have entered a car park, I
went to the car park and they appear to believe it entered at the time
highlighted. I have seen a camera image of a vehicle
entering the…
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Student loan
My daughter has a modest student loan, approx £15000, which is far less than the ones generally referred to on MSE. She is currently earning £40000+ per year. Undoubtedly she will pay the loan off within the 30 year term. Would she be better off taking out a bank loan at the current relatively low loan rate and pay it off…
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Erudio Student Loans sent demand for payment even though I'm in deferment
Hi, I started uni in 1997 so I'm on the old mortgage-style student loans. I have three loans, two of which were sold to Erudio Student Loans. I hit the threshold for repayments for the first time in 2020 and have made a year's worth of repayments with no problems. From Sept 1st this year the repayment threshold was raised…
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How to borrow at 0% i.e no cost (or as close to it as possible) - Martin's borrowing masterclass
Borrowing is dirt cheap right now, with the cheapest ever loan rates, the longest 0% spending card we've seen since mid 2020, and many more best buys... Read the full story: How to borrow at 0% i.e no cost (or as close to it as possible) - Martin's borrowing masterclass Click reply below to discuss. If you haven’t…
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Advice on suitable loans.
Hi MSE forum members, Can anyone advise me about a loan? Like a lot of people my age , early 70s, I'm asset rich and cash poor. I want to raise £20,000 for updating a 2nd property I own before I sell it. The money will be repaid in full on sale of the property in about 3 years time. I've had advice about later life…
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HMRC and loan agreements
Does HMRC accept loan agreements from templates that you can download from the internet, if, say, the signatures are witnessed by a solicitor? My sister and I want to lend our Dad £180,000 to fully buy out the proportion of a property he's currently renting until he sells his main home. We need to prove it's a loan so we…
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Borrow against German property
Hello, I have a property in Germany and live in the uk. Does anyone know if it’s possible to realise equity or borrow against this property from the UK? Thanks Lee
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What is the "net profit" figure on the SA302
This should be a simple question for someone knowledgeable! I'm self-employed/sole-trader and applying online for a Nationwide loan. The application asks for my "Net profit before tax". On the SA302, I'm assuming this is the same as the figure next to "Total income received". (i.e. NOT "Profit from self-employment" NOR…
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PROVIDENT
Had a letter about getting a refund. Is this legit or is it a scam Thanks
