-
Should I convert my endowment to a whole life assurance?
My endowment policy, held against my mortgage, is due to mature at the end of this month. I have an option to convert it to a whole life policy. Is this option worth while?
-
Halifax web balance never adds up
Hi, I have a Halifax mortgage for which I regulalrly make over payments. The balance on the internet banking never reflects the regular or over-payments fully, i.e if I make an over payment of 1000, the balance is reduced by 800. My regular payments reduce the balance by about 2/3rds of the amount I actually pay. Interest…
-
First Payment Question
We are FTBs and are in the process of arranging the mortgage, etc. It's all going fine and dandy, but we're slightly confused. On our KFI sheets, they all say that the first payment to them is the first month + 1 month's interest. I don't understand how this works - surely it should depend on when you get the money vs your…
-
Santander won't register my existing mortgage with Experian. Pleaseelp!
Dear All, EXPERIAN CREDIT REPORT PROBLEMS Over the past few months my wife and I have been in the process of moving house. There have been many ups and downs so far with buyers dropping out and surveys discovering unimaginable problems (not least of all, hundreds of pigeons being kept in the next door roof!). However, the…
-
Mortgage help
I have been self-employed for the past year and I am now getting 2k a month before I was on 1k where I am working. I have a property which I am not living in and earn £1,750 a month with no mortgage to pay. The tentants are council tenants but never had any problems with payment. I would like to re-mortgage this property…
-
shared ownership, negative equity
Hi, 3 to 4 years ago I made the mistake of going into shared ownership of a flat, I own 50% the housing association the other 50%. Well, maybe it would not have been such a mistake but unfortunately I got made redundant not long after buying and had to take a job which is quite some distance from where I live. The cost of…
-
First Time Poster - interest advice please
Hi all, First time post and a question that is troubling me... we have a mortgage which tracks at 1% above base rate and so has been at 1.5% for quite a while now.:j we are also overpaying every month however for some reason in some months the interest part of the payment is higher than previous months :( why would the…
-
whole of market brokers
I need to find a broker can any one refer me to one Thank you
-
What is Ex entitled to???
Hi, If anyone can help or advise me on this, it would much appreciated! Me and my ex bought a house in October 2005, we split up three years later in 2008. After spliting up he moved away and i had no contact with him for two years and was unable to remove his name from the mortgage, leaving me to pay the mortgage plus our…
-
Join parents mortgage
Hello, I'm looking for some advice to see if this is possible, or something similar is possible. My parents have 65K mortgage to run for the next 5 years. Bascially due to circumstances they cant afford the payments and have to either sell or lose the house. I would like to act as a "guarantor" and join the mortgage, but…
-
Mortgages & shared equity
Hi, Around 6 months ago, my partner and I bought our first house. Because we only had 5% deposit, we took the housebuilders scheme where we got 15% of the value as an interest free loan for 10 years, which we are to pay back at that point or if we sell before. This meant it should open up cheaper options because we only…
-
Brain ache!
Hi all I could really do with some help as I am giving myself brain ache going over and over things. Our 5yr fixed deal ends on new years eve with Alliance & Leicester. The o/s figure at that time will be £152k and we will then 'roll on' to their tracker which is 0.75% above the base rate. To me, this seems bloomin…
-
Anybody heard of "Longstop Completion Agreement" for distressed buy-to-let landlords?
My friend owns a buy-to-let flat and although there are tenants, he has a cashflow problem due to other debts. He has therefore had the property on the market with an agent. Recently the agent contacted him because somebody is interested in buying the flat according to what is being called a "longstop completion"…
-
changing fixed rate term
HI Does anybody know if I can change my term on a fixed rate mortgage. I know there are penalties for overpayiong too much but I'm not sure about changing the term. Thanks (Although I probably know the answer is going to be no!)
-
HSBC 5 year deal
I am thinking about adding all my outgoings together (mortgage, loan and cards) and sticking it all into one pot, the 5 year 3.94% deal from my Bank, HSBC My neighbours houuse is on the market at £130k, they have a conservatory i dont so even going to value of £115k at 60% ltv that gives me 69k total I currently spend out…
-
Mortgage query
I have been on a fixed 5.99 for 5 years since August 2007. My mortgage advisor fixed it for 5 years as I only had five years left on my mortgage even though I only asked to fix it for 2.They said I would end up paying product fees again after 2 years so it was best to fix it until the end. Anyway I agreed and to be fair no…
-
Commercial mortgage
Hi guys i'm looking to buy a run down boarding kennels and was just wondering if anyone can point me in the right direction with regard the best place to look for a commercial mortgage or if anyone has found a good deal for a CM recently any help appreciated.. Daz
-
Remortgage - should we stay or should we go? (so confused)
................
-
Re mortgaging to pay off Credit Cards...
current O/S amount on mortgage - £105,000, current O/s debt on credit cards - £25,000. Total re-mortgage required £140,000 to allow clearing of o/d and a 'bit in hand'. Current value of house approx £240,000. Total combined income £54,000, 2 dependants. I've been with my employer 2 years, OH with his 6. There were some…
-
Mortgages vs Renting?!!
We are stuck for another 3 years in a fixed rate mortgage at 7.4% interest, we are now in a situation after having a baby where we are struggling to pay all the monthly bills, our mortgage company believes we should be able to pay the monthly payment of £825 a month but have agreed to put us on an interest only mortgage…