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Phoenix Life & Pensions - Endowment Policies
Hi In the past my wife and I have purchased 3 endowment policies via Royal & Sun Alliance to cover the purchase properties previously. Having been advised that these policies were going to under perform to somewhere in the region of £18k :shocked: We made provision to cover this shortfall in other ways (and also recovered…
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Overpay current mortgage when shortly to extend borrowing?
Hi all, We currently have an interest-only tracker mortgage with the Woolwich/Barclays. It tracks at 0.19% above Barclays base rate. The mortgage is circa £90k and we are overpaying on the mortgage in addition to making provision for the repayment of the capital lump sum at the end of the term. We are looking to move house…
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Morgage dilema, help needed urgent ......
Hi we've sold our house and are at the moment buying another, we've got 68k profit from the old house and have to borrow an additional 30k to beable to do the new house up.We've applied for a morgage and it was granted but they've asked for a bank statement, the problem is we've been living in our overdraft for a few…
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Offset mortgages
Roughly speaking, how much savings do you need to make it worthwhile to take out an offset ? Either in £££s or as a percentage of the loan amount...
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What to do?
For those of you who are aware, i'm awaiting a response from the Woolwich regarding a 10yr fixed @ 5.99% to enable me to roll two mortgages into one. It's just occurred to me-what would the tax implications be if and when I sell Prop A to pay off Prop B? Would the government tax me on the sale of Prop A because all my…
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How much cover do i need on a Mortgage Protection Policy?
Dear All, When we bought our house 3 years ago we had a Mortgage of £340K and at the time my wife has a Mortgage Protection policy for £140K and I have one for £150K. Our total outstanding mortgage has reduced to £250K and will reduce again to £185 once the term of our present mortgage expires ( we have a lump sum to…
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New Build Mortgage
Hi, I'm looking for a mortgage of 26K to finish off my new build, any advice please.
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Can i get a new mortgage to buy new house before mine has sold?
Hello, I need some advice. I split with my husband and am desperate to move house for a fresh start. We have a joint mortgage on our house which i currently live in and is up for sale. I have already found a house i would love to buy which i have made an offer on which has been accepted. The problem i have is the market…
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HBOS delaying mortgage offer
Hi everybody Can someone please offer some advise on best course of action for our situation: Our current mortgage deal expired this month. We sought to find a new deal in March and were AIP by HBOS on the 10th March, through Charcoal. The deal was 5.7% fixed for two years, no fees subject to 90% LTV. We are now three…
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BR & Mortgage
Not sure if anyone out their can help, but here goes, Im about to go BR ( my choice, if it is a choice ) My fixed rate deal is up at the end of the year, supposing i can keep the house will my excisting lender re mortgage for me? I have never missed a payment! Will they hike you the repayment becouse i will be BR? Should i…
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Advice needed- Halifax won't do SVR
Hi, we really need some help so any advice would be really useful. We have sold our house (subject to contract) for £236000. We currently have a mortgage of £80000 on a two year fixed rate with halifax which runs out 1st July 2009. There is an early repayment charge of 2%. We have had an offer accepted on a new house for…
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Help! My Mortgage Co. is trying to sqeeze me dry
Hi, I have recently separated from my wife and we are trying to sort out the finances. To get a legal separation I need to get the mortgage transferred into my name only. I called the C&G to do this and found out that they recalculate the mortgage based on my income only and they promptly refused my 'application'. After a…
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Good deal or not?
Your thoughts would be most welcome. Tomorrow I will be arranging re-mortgage with Britannia (also current lender). House valuation last year 220,000. Current rate 4.64% 2yr fix. Outstanding mortgage = 111,625. Will be re-mortgaging for 119,625 at 6.24% 5 yr fix, which will include consolidation of loan. I am married with…
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Remortgage question
Our mortgage deal is due to end next month but we've just put our house on the market so I'm not sure if we should remortgage as then we'll be tied in al over again. I know there are portable products but we need to reduce our mortgage quite significantly when we buy our next home & I think portable mortgages need to be…
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Another Northern Rock Q im dumb....
Ok probably sounds like the stupidest question youve heard but i dont have a clue about mortgages, our 2 year fixed rate with northern rock ends in oct/dec and i was wondering as they say they cant offer us a new deal do they mean we will be without a mortgage? We have very bad credit and are currently doing a DMP with the…
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Help needed
My brother is very stressed about his financial position and has asked me for advice. I am not sure what to say or recommend if anyone can help i would be very grateful!! He owns 2 properties. When he got married he kept on his house and rented it out. He then bought a new home with his wife. A few months ago his tennant…
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Mortgage ends in four years - any ideas?
In four years time husband will be retiring and our mortgage of £92000 will be due. We do not have ANY spare cash as such and so will continue with our interest only mortage until then. With endowment, shares, and an ISA we may be able to repay about half the amount. Apart from the obvious downsizing what other options…
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First Direct 10 Year @ 5.99% - Early repayment charges?
I'm interested in the 10 year fixed rate offset Mortgage @ 5.99% that First Direct have at the moment. Low setup costs too! :T I can't find what the early repayment charge would be though (on the website) - does anyone know what it is? Thanks, Dez
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Remortgage query
Hi Got a problem that I am hoping to get some advice on. I want to re-mortgage - I have a lot of equity and I need to free up a small amount (£30K). I earn a good salary so that shouldn't be a problem but I have a credit file problem. I have three bad items of credit. Two I am about to pay in full but one I haven't done…
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What Mortgage Lenders look for
If you read my previous threads i have had a problem with my mother whom put an account under my name and occured late fees due to late payments and it has now blemished my credit report with 4 months of late payments but the account is not inactive and i know she would never do anything like that again. Problem is i…