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Moving house, additional money, new mortgage?
Hello Forum! We have a fixed rate mortgage of 95K at 5.09% with Lloyds(C&G), due to expire at the end of Dec 2008. We are considering moving to a new house before December that would require additional borrowing of 30K. Previously we were told that this could be borrowed on Lloyds SVR until Dec 2008 when we would…
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Life Assurance - Help!
I've already asked this on the insurance board but haven't had any responses, hoping you guys can help. Is it possible/legal to take out life assurance against someone else's life? Or can you only take it on your own? The reason I'm asking is, my boyfriend and I want to know if it is possible for me to take out life…
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Standard life endowment - to sell or not to sell?
Hi i'm new to this forum and think i may have posted this twice!!... but can anyone help have 3 SL endowments. Details as follows Endowment 1 start date nov 86 . matures nov 2011 Guaranteed sum assured - 12.814 Declared bonuses- £ 10983 (11/07) Surrender value - £24050 Monthly premium - £51.07 Maturity forecasts - £28300 (…
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Can I surrender endowment policy while on benefits?
Hi All. Like most peoples endowments mine has performed badly. It's a 25 year policy with 5 years left to run and I expect the shortfall to be around £18,000. It would be better now savings rates are higher to surrender the policy and put the £25,000 surrender value in a high interest account. But if I do this will I…
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Can I cash in endowment while receiving state benefits?
Hi All. Like most peoples endowments mine has performed badly. It's a 25 year policy with 5 years left to run and I expect the shortfall to be around £18,000. It would be better now savings rates are higher to surrender the policy and put the £25,000 surrender value in a high interest account. But if I do this will I…
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Allied Dunbar unit linked endowment
I have a 25 year unit-linked endowment (originally with Hambro Life, changed to Allied Dunbar, now with Zurich) that is currently invested in the Zurich Managed AL Fund (3/4b). It is due to mature in December 2009 and originally had a projected value of £30,000. I currently have 974.16 units at a selling price of £24.286,…
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New fixed rate mortgage, sub prime
Well I got a fixed rate mortgage two years ago and I knew it would be hard as I had previously been bankrupt and my partner was on a DMP (I know, I know, we were the ideal candidates!) and we had a good broker and got on a 6.09% mortgage at a cost of £836 per month. its coming to an end and my record isn't clear of the…
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mortgage headache
Hello all I am a first time poster thats perplexed by mortgages-me and my partner started a business up 2 years ago and to help towards costs we took an intrest only mortgage. This is due to expire on the 1st od November we want to move back to a repayment mortgage we have a 150000 mortage on the house which was valued at…
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offset Mortgage should we pay it off ?
please help us we are in a predicament wether to pay off our offset mortgage we Have a mortgage of 36,000 and savings of 27,000 they have given us 6.29% for our mortgage and 6.29% for our savings . As we have 9,000 outstanding which we could pay off from other savings would this benefit us, and pay off our mortgage and use…
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Advice please - Mortgage term deceasing but not capital!!
We took out our repayment mortgage in 2000 for £65,000.00 over 20 years – we have added a further £10,0000 over the last 8 years and have switched in and out of various fixed/tracker rates over this last 8 years to try and get the best deals. Our mortgage balance as of today still stands at over £71,000.00 but of course…
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Can you help me ? want to check see if my partner is telling porky's :)
I am planning on moving in with my partner, having a bit of a problem though.. I am giving up my council house in wales to move in with him in leicester, he has his own house.. a bit of history, he had a house with his first girlfriend, who did the dirty on him and he then went bankrupt. Met another woman they rented for 6…
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buy to let mortgages
hi all, I was looking for some advice on buy to let, my better half and I are considering this but really know very little. Im particularly interested in how much of a deposit is normally needed? What borrowing formula would banks use to deterimine whether to give you it or not. Id prefer to have a repayment mortgage but…
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first national
hi again guys have decided to ask my broker to forget about beacon for loads of reasons and ask her to apply to first national. just have a few questions about fn can anyone else confirm that fn allow late mortgage payments? do they have a booking fee if yes how much is it? can you add the product fee to the loan and how…
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Shorter Mortgage Term?
Hello there, I was hoping to get your thoughts/general advice on something, please! I'm a FTB, hoping to buy somewhere in mid-2009 once my partner and I have a healthy deposit saved (approx £25k=10%). I was having a look at the Nationwide mortgage calculator and it seems that £250k: Over 25 years, payments on a 3 yr fixed…
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please share a link to a calculator
for checking what part of repayments is interest and what part capital. Thanks
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Idea: Using Argos catalogues to pay your mortgage...
This is gonna seem really crazy.. I have just seen a 30 year old Argos catalogue on ebay for £75 and suddenly realised that if I'd collected enough of them (845 to be exact) in the 70's I could pay off my mortgage in full!! That got me thinking... Instead of taking out an endowment, modern day house buyers should simply…
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Mortgages for First Time Buyers HELP!
I am completely new to house buying but am looking to move out of rented accommodation like so many others! I wondered if anyone could suggest a possible first step to getting on the property ladder. I currently earn £27000 a year and my wife does not work, is there anything I can do, eg. housing partnership, 100%…
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mortgage repayments and title deeds
Hi everyone :cheesy: I recently bought a house. 1. My solicitor says my title deeds will be deposited with the bank which has lent me the money (the mortgage). (a) Should I get a copy of this or ask for one? (b) Should I get something saying I own the property? 2. I bought it in the middle of this month (july). Should I…
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Woolwich withdrawing rate mid offer?
Hi I went to complete on a new flat on Friday and the mortgage lender said that although my mortgage ofer ws valid until the 27th November 2008 my rate expired the end of june. I had extended this offer. Nowhere in the offer does it state i have to complete my a certain date to get this rate? Has anyone come across this…
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Mortgage after Moving Out
Hi friends. I took the plunge and moved into rented accommodation with my new man. Life is heaven & I have managed to almost sort out my past probs but he has a problem you may be able to give some advice on. He has always been the earner of the family and his wife only works part time. He has paid all the bills with a…