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Mortgages & endowments

Archives for October 2004

Quicky - Is this just easy maths?
Can anyone help with what must be easy maths... I have two mortgages and can overpay without penalty. It was easy as the one with the most outstanding also had the highest interest rate. The question is, now that interest rates have increased which should I overpay... 1. 40K outstanding, fixed at 4.79% 2. 29K outstanding,…
First time buyer scared lol
Ok ime 34 single and in the process of buying a flat for £70000 ,ive got a deposit of £3500 and i earn £15000 a year plus the only other loan i have is car finance of £161 a month for 4 years. Ime in the process of getting an interest only mortgage for the first 2 years of payments £290 .which is fine but after the 2 years…
Mortgage - to pay off or not to pay off?
I am 59 and divorced. I have a pension of £14K from my last employer and will shortly be receiving a pension from the MOD followed in 5 years with the state OAP. I am not concerned with leaving any inheritance when I die. My property is currently worth about £200K. However, I have a £45K interest only mortgage and…
Wannabe home owner needs help!!!!
I keep telling myself that prices are going to fall soon and I'll be able to buy but I can't wait any longer. Having never ventured into the mortgage market I don't know where to begin. I'm married. Earn £18 000. My wife earns £6000 and we have one child. My bank, at a recent sales pitch (I mean account review) suggested…
Mortgage under European Bank Rates - to fix or not
We live in France and we’re in the process of deciding on a mortgage. In France, you generally ‘fix’ for the whole term of the mortgage (in our case, 15 years), or take a capped variable. As in the UK, different banks offer different things. At the moment, the fixed rate tends to be at 4.1%, while the variable tends to be…
mortgage survey -legal position
:)Hello Can anyone preferably a mortgage lender or broker help with an answer please. If i or the other louseholders in our complex put the houses up for sale in the future and the buyers ask if work has been done and they will be entitle to get descriptions and guarantees of the job and will affect the sale of the…
Help- Remortgage-or not?
Hello, I need some advice please? Our fixed rate mortgage with Abbey has just come to an end. We have been switched to a Tracker rate of 5.75%. We only have 3 years left of the 25 year term, and we don't want to extend this. We owe £17,000 on endowment and £7000 on repayment. The endowment has underperformed…
Mis-selling compensation - TAX?
Further to hays60's question about Barclays and DD's and MarkyMarkD's replies, my mind is working overtime again. We have been offered compensation and "penalty-free" cash in of a policy - A "Profitbuilder House Purchase Scheme" - I know, "PROFITBUILDER" - don't get me started! The policy was taken out in 1993 to mature in…
The Best Tracker Mortgage?? (Britannia)
Does anyone know of a better tracker mortgage than the Britannia "Lifetime" tracker which is BOE rate + 0.40% for the life of the mortgage. Therefore currently it is 5.15%. There's no early repayment charges. http://www.britannia.co.uk/c_mortgage/product/tracker/lifetime.html
Complaint Agreed by Barclays
Hello Everyone We took out an endowment 12 yrs ago with Woolwich Life - now owned by Barclays This was for £58000 We then moved house and took out a 2nd endowmnt with Standard Life for £27000 We decided to complain about the Wollwich Policy as we were told we would have a cash surplus after 25 years Without even having to…
Mortgage affordability calculator..
Hi, I currently have a mortgage with IF.com for £108600 over 25 yrs. I went with their 3 month low introductory rate with no redemption penalites. I want to change my mortgage soon, does anyone know of mortgage companies that work on affordability, instead of income multiples? IF.com is one..any others?
Endowment value ?
I have an endowment with standard life that was origionally linked to my mortgage.......It is no longer linked as I have a repayment mortgage.......There are 10 years left to run on the endowerment and wondered if I could find out how much it will be worth when it matures on current forcasts. It appears that many people…
buy to let mortgage
For anyone that is up on buy to let mortgages does this sound a fair deal through a broker. 25 percent deposit/£150k loan interest only 1.1 per cent above base rate for five years - ==5.85 rest of the term 1.95 per cent above base rate = 6.7 plus all the fees arrangement £400 + ins policy inspection fee £45 is that a new…
difficulty selling endowment policy
I am trying to sell a scottish widows with profits endowment policy taken out in 1987. Have tried the main internet sites but noone is interested unless it was taken out before 1985. Should I keep trying or am I wasting my time?
Selling your Endowment
If I sell my endowment is it treated as a taxable gain? Likewise, if left to maturity would the proceeds be taxable or not? Thanks in advance
Remortgage - pull my deals to bits
3rd time I’ve typed and lost this so it's now an extremely short version Want to remortgage - House hopefully will be valued at 80000 to borrow 65000. Currently with Woolwich on Offset but will have to pay best part of 500 I fees to remortgage anyway so may as well move to a better deal. Looked at Coventry BS 4.99%…
student with regular income...help???
hi everyone, hi, im a full-time student but with a permanent part-time job. im intending to move from my parent but more willing to buy a flat rather than paying a rent. So i just wondering if anyone can advise or help in finding a small mortage (around £50000) ? thanks, heat p.s good wage and can afford to pay the mortage
Advice please (SORRY IT'S LONG)
Cutting a long story short We put in an offer on a house and put our flat up for sale at the same time. Our friendly ??? estate agent asked us to pop along for an independant mortage assesment. OK nothing to lose I suppose. We already with Northern Rock, and had no probs with them, however were advised that Natwest 100%…
Mortgage repayments
I have about £15,000 saved up in my ISA and various savings accounts. My mortage is going from a fixed rate to a variable rate next April and there is no tie in after that. Should I be pay some of the Mortgage balance off?
2 tasks in one process
Hi there. I bought a property on Feb, a Halifax Tracker (.35% over base for 2 years). Property was 84,000 and took a 90% mortgage. Rate is currently at 5.1%. Since then my partner has moved in (she was a student at the time so wasn't put on the mortgage) and now contributes to the payments. The situation: Obviously we…

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