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Old 09-10-2008, 12:22 PM   #1
david g
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Independant Mortgage And Financial Advisers

For those of you who dont know my day job involves being an IFA and Mortgage Broker.I have been asked by the mods to provide some info on our services .

Our main forte is Mortgages ,whether it be Remortgaging,Pucrhasing or Buy To Let we can offer a wide range of products and advice to all DW members,with some prefferential products available .We are independant and have the ability to research the whole market place on your behalf

Over the next few weeks the mortgage market may well be of interest to most of the members on here ,so feel free to drop me a pm or call us on 0141 221 2112 for any advice you may require

ADK 0141 221 2112
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Old 09-10-2008, 08:07 PM   #2
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Didn't know that David, My dad does the same thing!
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Old 09-10-2008, 08:17 PM   #3
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David sorted my last mortgage out 18mths ago and did a great job:Thumb:

Not sure he will get quite the same deal next time around though
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Old 10-10-2008, 12:33 AM   #4
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U wanna bet
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Old 10-10-2008, 12:40 AM   #5
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After the past few weeks of financial doom, gloom, panic, I have nothing concerning those with an interest only mortgage, would I be right in thinking many endowment policies are going to be seriously affected?

Any free info David?
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Old 12-10-2008, 09:13 AM   #6
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Like David, I am also an independent mortgage broker, and although times are tough at the moment, there are still some good deals out there, don't beleive what you keep hearing on the news. On Thursday I think it was they had an interview with a first time buyer who had a 25% deposit, and wanted to borrow 3 times his income, but claimed he could not get a mortgage, this is absolute rubbish, nearly any lender would jump at this, if he could not get a mortgage there must be more to it, unfortunately people see this, and think it is gospel, and so do not try to remortgage/buy. For the last year the tone of tv programs has changed from "buy property, you can't lose" to "prices will/are plunging, its a mugs game!"

S500 yes most endowments will have been hit hard, but the damage has been done, if you cah in now, they will not be worth as much, also depending on the type of policy you may have what is known as a "market value adjustment" reducing the value even further from the statement value. Any contributions you are now making will obviously be buying units at massively reduced prices, so as the market improves, the recent units will provide a good return.
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Old 18-12-2008, 09:51 PM   #7
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If anyone is looking for an IFA then they could look on www.unbiased.co.uk.

I work as a Trainee Actuarial Consultant in a pensions consultancy and this is the site we suggest if someone wishes to find a local IFA.

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Old 24-02-2009, 11:15 PM   #8
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Quote:
Originally Posted by APK View Post

S500 yes most endowments will have been hit hard, but the damage has been done, if you cah in now, they will not be worth as much, also depending on the type of policy you may have what is known as a "market value adjustment" reducing the value even further from the statement value. Any contributions you are now making will obviously be buying units at massively reduced prices, so as the market improves, the recent units will provide a good return.
Think you are talking about two different products in one paragraph - UL & WP..

My Friends Provident WP endowment had one year to run in February 08 - I cashed it in - worked out the to save the last year's premiums, save one years interest on the sum from the mortgage was better than hoping that bonuses would improve - events have proven I made £3000+ doing this as FP have reduced bonuses again......in fact if I had paid in the one years extra premiums I would have received less money this year....
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Old 24-02-2009, 11:40 PM   #9
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As we sold the house in 2007, and rented, best thing we did we now have a 60% deposit on our new house that has been reduced by £50k, by the bank as it was repossed. Got a flexi mortgage with Virgin One. Now buying, get this, our old house. Canny or what??
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Old 24-02-2009, 11:52 PM   #10
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Quote:
Originally Posted by Crockers View Post
Think you are talking about two different products in one paragraph - UL & WP..

My Friends Provident WP endowment had one year to run in February 08 - I cashed it in - worked out the to save the last year's premiums, save one years interest on the sum from the mortgage was better than hoping that bonuses would improve - events have proven I made £3000+ doing this as FP have reduced bonuses again......in fact if I had paid in the one years extra premiums I would have received less money this year....
I was wondering just last weekend about the wisdom of doing this given that a the moment the value of the fund is almost certainly falling despite still paying into it (my pension fund fell by several times what was paid into it last year )

Quote:
Originally Posted by APK View Post
S500 yes most endowments will have been hit hard, but the damage has been done, if you cah in now, they will not be worth as much, also depending on the type of policy you may have what is known as a "market value adjustment" reducing the value even further from the statement value. Any contributions you are now making will obviously be buying units at massively reduced prices, so as the market improves, the recent units will provide a good return.
APK, you wrote that in Oct last year - does it still hold true? While I can see the point about recent units providing a good return, the thing is how long before that happens.

I've got two endowments worth (in theory ) £~30k that mature in 2011 so unless this recession ends quickly i doubt that there will be time to recover the losses so, as Crockers did, taking the hit on the surrender value, paying a chunk off the mortgage capital, and using the savings on the premiums (over £100 per month in my case) to overpay on the mortgage may well work out to my advantage given the short period the policies have to run.

Would you, or Dave G, care to comment (I appreciate that you can only generalize without having all the details of the specific policies)?
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