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Should I surrender or try to sell endowments
After split from husband, agreed I can have house and endowments, but have to take out new mortgage. Endowments - naff obviously, so going to take out repayment mortgage. Need the money I pay into the endowments to cover my outgoings. So to the point... I have made the decision to cash in the endowments. Should I surrender…
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Couple looking to buy their first property
Myself and my girlfriend are currently renting at £375 per month. Neither of us has yet bought property and are therefore first time buyers. We are looking at the property market to buy in the region of £100,000 to £120,000. I currently earn in the region of £15,000 but this will increase to the region of £23,000 in March…
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HELP ! Endowment Buffoonery , I'm out of time
I’m hoping some one could help me with my endowment problem. I am one of the clinically insane 700,000 people who left it too late to claim for compensation. I have written to royal sunalliance using the template provided by Which? . But they replied saying I have left it far to late (8 months). I have passed both my 3 yr…
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What is best fixed rate mtge?
Hi, my Uncle and Aunt are looking to remortgage away from Halifax where they are coming to the end of the tie in on the variable rate. Can anyone suggest a good rate with decent fees? Thanks
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Full and final settlement
Hello First time I've posted on here and would love some advice from you old timers. I apologise for the length of this post. I have succesfully claimed on a mis-sold endowment which I took out on a 43K mortgage in 1991 (when I was single) I married and moved into my hubbies property which he also has an endowment for (RTB…
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right to buy problem
Can anyone out there help me??? My husband and I are trying to buy our council house through Abbey, but because we want to borrow an extra £6000 we have to get a "Deed of Postponement" from our local council. Can anyone tell me why? Our house is worth £40,000, but we are only paying £22,000 for it. We were told we could…
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Mortgage dilemma
This is my first post. I would like some advice on my situation. I own a flat, current value £165k. The outstanding mortgage is £3.7k (Halifax) in my sole name. I would like to remortgage now to raise some capital (about £140k - 90%ish LTV), and get my partner put onto the mortgage. The problem is that we will probably be…
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endowment calculator anyone?
Hello! Does anyone out there have a good formula to calculate the value of an endowment policy on maturity? Ta!
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L & H US 3 Month LIBOR Mortgage
Apologies if this discussion has already done the rounds, but has anyone seen the mortgage currently on the best buy table on: http://mortgages.charcolonline.co.uk/ The mortgage is linked to the US 3 month LIBOR rate for the first 10 years followed by the UK 3 month LIBOR for the remaining 15 years. There are no exchange…
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Remortaging to start a business
Hi, advice please We have a current interest only mortgage for £123,00 on a house valued at around £330,000. Our current deal, fixed at 3.99% ends 31/12/04. When I made tentative enquiries a couple of months ago of our current lender YBS about increasing the loan to £150,000 fund the building of a boarding cattery, we had…
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First Time Buyer - Advice please
Hi My husband and I know we want to buy a property - the question is the timing. Our monthly rent is £500. We currently have £4,200 in outstanding loans on which we pay £350 a month - these will be paid off by August next year. We have been advised that for what we are prepared to spend on a mortgage each month we could…
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Interest only mortgage
Can anyone tell me, apart from the short term gain of not paying a repayment vehicle is there any benfit in using interest only motgages? I can see that there is a big problem at the end of the term if you have no provision to pay. But can you effectively use this as a way to afford more in the short term and then hope for…
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Bridging loan potentially needed....help.
OK, so I am a complete newbie when it comes to this sort of thing. We have bought a new flat with a move in date at the middle of December and the people who have bought our flat want in in the middle of January. No one is willing to budge....hence the need for some sort of bridging loan. Now this thing just fills me with…
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Pay lump sum on Mortgage, advice
I recently won a case for a mis-sold endowment and am now thinking which way to use this and another investment to pay off a large portion of my mortgage. I have a £50000 interest only mortgage, which has an endowment and a Halifax ISA homeplan(received a projection on this one a few weeks ago and there will be a slight…
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Homebuyer's report or Structural Survey
Hi Could anyone advice???me on which survey I need to ask for an Homebuyer's report or a Structural Survey (for a studio flat no more than 30 years old and 115.000 as asking price)?And, any idea for the surveying companies(in London area)? thanks. :D
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Is Britannia offset @ 5.49% a good deal?
We have been offered an offset mortgage at 5.49% which tracks the bank rate @ 0.74%. Can anyone advise if this is a ggod deal? :-/ I wanted to take out their flexible mortgage but have been advised the offset is better as is the same interest rate and offset funds can be accessed immediatly with a cash card, flexible funds…
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low credit score & no deposit
Me and my wife moved to the UK 6 months ago from an EU country. Both of us have jobs (£20k & £11k). We rent a flat for £525 pcm. Both of us are just under 30 years. We are thinking of getting a mortgage and buying our first home. The problem is that since we had to buy a car and furniture, we haven't got much savings -…
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Good Tracker Rate
I have just read in the Sunday papers of a good tracker rate mortgage by Birmingham Midshires of 4.24% for 2 years with arrangement fee of £699. Does anyone know if there are any additional charges for legals etc? I have tried to find out more but I think they only deal via brokers and there was nothing on their website. I…
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Buy to Let query - please help!
Hi, my partner and I are considering purchasing a property to rent out. However, he is a self-employed musician, (for over 3 years), who does his own tax returns and doesn't have an accountant. And I have just left my full time job to become self-employed myself as a letting agent. Consequently, I am not earning any dosh…
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Lenders Checks on Employment Status
When applying for a mortgage, to what level do lenders generally check your employment status? Is it a letter to your employer, a phone call? Any info on the full steps in checking an application would be gratefully received. Cheers! Richard
