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Inheritance tax loan
I dont lose sight of fact that medium term i an probably grateful for most likely inheriting a bit of money, but short term -causes major headache as no money to pay inheritance tax which has to be paid 6 months post death and before can receive any money from the estate ,which is probably 12 months hence only choice seems…
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Experian shows fraudulent loan taken out in my name
Hello, I couldn't find a thread for this, so apologies if it's there. I had 3 attempts to open bank accounts in my name last month which were dealt with through reporting and when I looked at my Experian report today, I saw that there is a loan of over £900 been taker out to 'three' in January. I didn't make this…
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oh dear, suddenly need £50k
capital gains tax was WAY more than I had budgeted for, need £50k on top of the £40K that I'd kept back. I have 3 mortgages with a lot of headroom: one residential, two buy-to-let. I'm waiting for my financial advisor to ring - will they have my interests at heart, or just want to sell me something that gets them the…
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Amigo loans .
Had a amigo loan and as you know the company has been in dire straights. I have paid off all my capital, yet they are still advising i need to pay off the remainder of the huge interest. I have been advised that somewhere on herevtherevis a thread that says if you have cleared the capital the interest does not have to be…
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Point of sale credit agreement & s 75 Consumer Credit Act redress
I would be grateful if someone could tell me if I’ve got something right before I blunder in.. I paid a debit card deposit on a bathroom refit (goods & services) & the balance to be with a consumer credit finance loan I’ve raised a Consumer Rights Act complaint & the company have checked problems & agree rectification…
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Taking out loan to Save
OK...bare with me here! Generally im very risk averse and dont do finance etc however with interest rates at a decent level and personal loans still relatively cheap i had a bit of a mad thought. Currently i can get a £20000 personal loan at 6.1% APR, this works out to a monthly payment of £386.06 and a total amount…
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Bank Guarantor
Hi everyone. A few years before COVID, I signed as a personal guarantor for a company loan. At that time, I was a shareholder in the company. A few years ago, I transferred my shares to the other owners and signed all the documents with solicitors to relinquish my interests in the business. I'm no longer part of that…
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Loan From Employer
Good Afternoon, I am looking for some help. I joined a company on 2nd October 2023 and in addition to my salary, I was given a loan from my new employer in order to buy a vehicle (as I had a company car previously). The loan was written into my contract of employment stating that upon signing the contract, the company…
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LOWELL Discount
Hi I got a latter from Lowell for my debt of £15,263.45 they have offered me a 50% reduction which is £7,631.72 I have never made any payments on this debt ever and I've had it for about 6 years I've never responded to any letters or calls. Is it as straightforward as me now paying the 7k and not having any problems in the…
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Declaring previous address on application
Hello, I am going to get a loan from my bank Natwest. In between selling my last home and buying my current home, I rented for a year, which it seems I forgot to tell Natwest about. So when I apply and it asks for my previous address, when I add my rental and then my home before that, it takes me to a page saying they need…
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Advice request on additional loan payments and early settlement interest charge
Hi. Seeking advice from the hive here. So - have a personal loan. Early settlement incurs 58 days interest charge (it has several years to run). Additional payment has been made whilst monthly payment has remained same. So more of monthly payment capital is paying down capital amount and less interest payed. Question is -…
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Giving / loans money to children
Not sure if this is under the right title! We are due an inheritance from Canada, we are planning to give a substantial amount to each of our two children (adults!). I am aware that if we were to die before the 7 year rule is out, they would have to pay tax. If we treat it as a loan, they pay back small amount each month,…
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TM Legal letter
Hi, thought this was all behind me but.. A letter has been sent to my parents address from TM Legal which says "this communication acts as a pre-notification of a reconnection home visit". And 'perch capital v <my name>` It says that my account remains without an active arrangement and after reviewing my case they have…
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Cancelling Loan in cooling off period with 0% Credit Card Balance Transfer
Okay so this may be a little random one, but I am trying to figure out how to reduce my mortgage term quick and put a 0% balance transfer credit card to good use (NatWest). Plan would be: 1) Get a loan for my maximum mortgage overpayment 2) Pay mortgage overpayment 3) Apply for NatWest 0% transfer Credit Card 4) Use…
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Loan offers reduced from £25k to £7k
Hi, I am in the process of getting a mortgage with my partner and the bank we are using accepts loans as the deposit as we don't have enough saved yet. The issue I am facing is for the last few months I have been checking for loan rates and loan offers as I need to borrow £13k and the offers have been great so far and our…
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Help Needed - Received Debt Collection Notice for Unauthorized Phone Bill
Hello Community, I hope someone can offer guidance or advice regarding a situation I'm currently facing. Recently, I received a debt collection notice from a company regarding an outstanding phone bill that seems to have been incurred by someone using my address, but not my name. Here are the key details: * The bill is in…
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Old alliance & Leicester mortgage/Loan
Hi, I took out a mortgage with alliance & leceister back in 2007 when they were offering 100% + mortgages. I don’t have any issue with the mortgage as that is all paid off now but back then I took an additional unsecured loan out with the mortgage package. This was £16k to pay for the deposit on the house and a few other…
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Remortgage?
I have a home with no mortgage to pay and want to remortgage to buy property abroad as holiday home and investment. What would be the best mortgage option and any pitfalls in buying abroad?
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Credit Union apr
Hi all, has anyone experience/knowledge of loaning from a credit union? I've been a member for around 5 years, saving what I can against unexpected bills. I've recently had to spend all my small savings on car repairs and still need about £500-600 work done. When I used the credit union loan calculator to loan £600 over 12…
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Shared Appreciation Mortgage
I have just found out that the house my mother was living in before she died had a Shared Appreciation Mortgage for £16,000 on it. and Royal Bank of Scotland want a payment of £176,000!! That is 11 times the original amount borrowed. I have seen that RBS is in court this month as some customers have decided to sue. There…