We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgages & endowments

Archives for October 2004

endowments
we have an endowment with scottish provident, taken out in 1987 or 88 , we pay £101.40 per month and have done so for the last 21 years and we finish paying for it in 2008 i hear of people who have recieved more of a payout at the end than we are going to recieve is it a case of picking the wrong company, we have got a…
Re: Pay lump sum mortgage?
Do you mean cash-ISAs? The best ISAs (eg Abbey postal ISA) pay just over 5%, so if you have one of those you are better off leaving it in your account to grow. As your mortgage shrinks and your ISAs grow you will reach the point where they match and you can use them to pay off the rest if the mortgage in one go. If your…
Costs encountered when remortgaging
Hi, Am looking to remortage, and just trying to establish what fees I would have to pay. Currently owe 107,400 over 23 years with no redemption penelty in current mortgage which is now on SVR. I know that I would have to pay the lender: Arranagement Fee (if applicable) Valuation Fee Legal Fees The question I have is if I…
Remortgage - ditch endowment?
Hi all, I'd really appreciate any advice on what I should consider doing next! I have an interest only mortgage with the Halifax for approx 54K + approx 1k "mortgage security fee" This was taken out 5yrs ago along with a Winterthur Life endowment to pay off the debt after 25yrs. My initial fixed rate has ended and after…
we are looking to buy we have a house now
we would like some info on buying our next house we have one to sell to buy another so we are looking for best mortage best soliciters best selling and buying advice thanks in advance
we are looking to buy we have a house now
what is the best deal for us to sell the house we are in and take out a new mortage we are both 39 any help would be nice
Endowment AND repayment mortgage
Getting near to moving mortgage - 1 year tie in ends at end Nov 04 ;D. Our existing mortgage is in 3 "lumps" - 1st endowment (31% of total loan) due up in 2008 - looks ok; 2nd endowment (30% of loan) due up in 2013 - "bearable" shortfall; 3rd (last 39% of loan) due in 2018 - that bit is such a disaster we are getting…
!!! HELP !!! Inheritance law re:mortgage
My wife an I are currently confused about liabilty for a mortgage. My wifes grand father owned a third part share of a house and his name was on the mortage, he passed away leaving the third part to be divided amongst 7 grand children, my wife being one of them... My understanding is that if he was liable for the mortgage,…
renting out property affect mortage????
My current salary is 18k combined with my wifes 9k wages makes 27k a year. We are thinking of letting (renting) out our property and using the proceeds to pay of the mortage of a new house we are planning to buy. Will the mortage lenders take the projected income generated from our house when applying for our mortage on…
£200,000 Mortgage with £33,000 Wage ?
Hello everyone, This is my first post, so be gentle. I am currently in the process of moving jobs, I have spent 14 years in the Military and am leaving soon. I have taken a position at a very successfull Glass company in Chester. Anyway, my wage will jump from £18k to £30k plus bonus. I have seen a house near the job that…
Advice on a 15 yr fix rate please
My existing lender, Northern Rock, has offered me this 15 year fix rate £1094 fees £1000 cashback on completion 15 yr fix @ 5.59% 5% redemption in 1st 3yrs then 4% etc Portable No redemption if paid off mortgage but keep it open with £1 (does this mean can remortgage ?) What are your thoughts I like the idea of a long fix…
Letting my flat
Hi - just wondered if anyone had any advice or experience in letting their property? I've just transferred my mortgage to Intelligent Finance and have also now decided to move in with my partner. I'm planning to let my property. Yesterday I rang IF to find out what I needed to do in order to let the property and was told…
-= Mortgage without a Fixed Job ???=-
Hi there im in serious need of help, me and the missus are looking to rent but house prices in the manchester area are rediculous, the ones slightly out are not what we are looking for. I left my job late last year to persue my own adventures in running a DELBOY typa thing, basically buy n sell stuff on, which thankfully…
Special Briefing: Fixed v Discount
The following discussion related to this article Special Briefing: Fixed V Discount To ask a question or discuss this click reply
Remortgage Advice Needed
hi if anyone can help in anyway I will appreciate it. My husband and I have a mortgage of 100K on a 200K property. We have 17K in savings, but debts of a 40k loan and 15k credit cards. as you can guess we struggle most months, although we bring home aroung £3K per month. We are in dilema as to what to do. (We dont pay any…
Mortgage and Redundacy
I am about to remortgage. The product I'm after is very good for me with low int (boe-0.16%tracker/24mths) and low set up costs, one drawback is no allowed overpayments. I would like to overpay so one option would be to reduce mortgage term from say 20 to 15years BUT job is insecure so if worst happens could I contact my…
Mortgage info needed
Hi all Simple question for starters :) I'm not very clued up on anything mortgage-related at the moment, could anyone recommend me some sites or books - I need something for absolute beginners, I currently have no idea how mortgages work. Thanks very much, charlie
Buying before Selling
Hello all :) I'm just after a bit of advice really. We currently have our house on the market with a relatively small mortgage. We've found a house that we love, have put an offer in which has been accepted...Hoorah! But now the dreaded fear has started to kick in that we might lose it if we don't sell ours quickly…
endowment help
i have currently got an endowment running with royal sun alliance, have had it for about 10 years & have around 10 years left to pay on it. i am paying £90.80 each month but i no longer have a morgage ( haven't had for the last 18 months) i dont miss the money each week but the prejection for the matured policy only seems…
Yearly overpayments ?
Quick summary. House worth £190000 Mortgage of £150000 (£63000 on endowment and balance on repayment) 20 year mortgage. Going to be on discounted rate of 4.64% with A+L. My question is as follows; We have a lump sum put away which earns us around £1500 a year in interest. I would like to use that interest towards the…

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Mortgages & endowments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Mortgages & endowments

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free