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Virgin mortgage policies
Hi, i am wondering if anyone is aware that Virgin Money mortgage policies are so different than other lenders.. I took 5 yrs fix buy to let mortgage thinking it will save money in long run as I don’t have to pay fees and i know i have to pay for 5 yrs. but didn’t realise that it will go against me due to virgin money…
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Settling HSBC Loan
Hi. I'm looking to settle my HSBC Loan. I borrowed £15k at 7.9% over 60months with a 3 month payment holiday. Total payable: £18,318.85 Current Balance: £14,960.44 Settlement Figure: £13,363.02 I just spoke with HSBC and asked if I paid off £10k today would I still need to pay the remaining amount £4960.44 and they said I…
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Lending to a friend
Hi, I am hoping for some advice please. I have offered to try and help a friend by loaning them a not inconsiderable sum of money to put towards buying their ex partner out of their jointly owned home. He will be getting a mortgage but cannot get the amount he needs so I have said I will see if I can 'top it up' for him.…
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MSE Loan eligibility calculator vs Experian MSE Credit Club
Hi there, Just would love some advice on this. I plan to get a loan for a new car. Been doing this the past 10 years or so with my last loan with Tesco bank paid off 2 months ago so now I am on the hunt for a new car to start the process again. I have signed up with the MSE credit club which uses Experian and when I use…
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Old car loan
Hi everyone Hope this post is in the right place Back in 2012 I had a car loan 2 years later lost my job car repossed Leaving balance of 6000 a ccj was placed on credit file (I buried my head in the sand and never dealt with it) Roll forward to 2020 ccj removed from credit file Now the company are chasing me My question is…
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Taking a loan in the UK as a non resident UK home owner?
I need to borrow around 15k, for personal reasons. I own a house in the UK, but I currently live in Spain and my only regular income is my pension. Is there any way to borrow against the house (which I plan to sell soon anyway)? Or any other options that might work for me? I am technically still registered there, but as I…
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Car Finance still ‘pending’
Apologies if there is a similar thread somewhere. This is a long one. I have gone through so many threads and I’m actually at the end of my tether here. I need help. About a month ago I picked up a brand new car I ordered back in March and put my old car down as a part exchange deal. The idea being the car dealership would…
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Mis sold loan for timeshare - Malta Azure Resorts Ltd
Hi. My parents went on holiday to Golden Sands Radisson resort in Malta in 2008. They were given the hard sell on a timeshare by Azure Resorts Ltd and they ended up taking out a £16,700 loan for a unit for 1 week a year. This loan for a financial stretch for them but the unit was made out to be an investment that would…
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Applying after accepted loan
Applied for loan with Post Office - soft check said 2.9%. Filled in details, it's primarily for home improvement but also debt consolidation. It asked me about existing debts - which I filled in, and it offered me 6.9% as an accepted application. But I won't have those debts once loan arrives. My browser crashed - I've not…
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Residential status and bad credit rating
I still own a property with my ex husband and currently live in a rental apartment. I have a terrible credit rating and want to rebuild with a loan where I will stick to the repayment plan. Is it possible to secure a loan against the house I own if I don’t live there?
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Perfect Home - Going the same way as Brighthouse?
Noticed today a notice on their website stating they have taken the decision to stop selling products and loans to new and existing customers. No word though if they are winding up like Brighthouse did. Has the likes of Klarna put pay to these overpriced rent-to-buy stores? https://www.perfecthome.co.uk/
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Student loans pre 1998
Hello, Having deferred my student loans for 20 years I have now fallen into the category where I now am no longer eligible for deferment Eurdio have now contacted me saying I have to pay just shy of £200 a month with no room for change. I am unable to pay this so I am in a catch 22 I am now wondering if I make a payment I…
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What is best to do at end of PCP agreement?
I bought a car on PCP finance nearly 3 years ago. The car is currently worth today via a WBAC valuation £13k. The settlement figure for the balloon payment will be £7.8K I pay £180 per month and this ends next spring. I have been saving up along side to clear the balloon payment at the end. I was on target to have saved…
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First ever loan - am I being sensible
My partner and I both work full time - neither of us work locally or anywhere near each other. She is a nurse and relies on my car to get to work while I make do with trains and borrowing my dads car. I've got fed up with this and have decided I need a second car - as I never get to drive my own. I have had 2 cars via PCP,…
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When Applying for a Loan
Hi all, hopefully an easy question I'm applying for a personal loan from Nationwide. When answering about net income do I include my benefits i.e. housing benefit, child & working tax credits?My wife's account also has child benefits and disability allowence. Do I include those too? Thanks
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Help! Family Dispute Over Loan
Hi I’m looking for a bit of advice. My partner had bad credit and couldn’t secure finance to buy a car so his father kindly stepped in and took a loan out in his name for my boyfriend to get his car. My bf has a standing order set up to repay his dad monthly for the car. However, my bf’s circumstances have now changed and…
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Bamboo Loans early repayment figure
I took a loan of £3000 from Bamboo Loans over 60 Months in October 2020 at an APR of 69.9%, monthly repayments of £145.77. I know the APR is scandalous but at the time I was desperate and I always intended to repay early when it was possible. I have today requested an early settlement figure and they have quoted £3098.18,…
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Car finance - discharged bankrupt
So, first things first, I've been discharged for over two years now. I will be needing to get another car later in this year as my current one is starting to cost too much to maintain, and has it's MOT in a few months time as well. I'd imagine getting finance will likely be difficult given the bankruptcy from 2018…
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Does taking a home improvement loan makes sense in my case?
I have never done this sort of thing so some advice will be much appreciated. I would like to add a second bathroom to our house. I am able to pay for it upfront but because the interest rates are quite low I was thinking maybe I should take a (unsecured) home improvement loan and pay it off slowly each month over the next…
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Key Worker Living Home Buy Equity Loan 2004
Hi I borrowed £35,000 from Tower Homes in 2005 to purchase a key worker home for £230,000. The property had a lease of 65 years. The loan amount represented 17% of the value. 6 years later, my home is now worth much more but the lease has dropped to 49 years. L & Q, who took over the loans from Tower Homes (without telling…
