Mortgages & endowments

Archives for November 2004

Buying ex-council flat?
Hi experts on dodging costs! I am just about to buy my council flat from the council under the right to buy scheme. the flat is £130.000 and i've got £6000 in cash what is my best option after this? My flat is on the 14th floor out of 23 and the high st banks tend not to touch it with a barge pole! I do have a panoramic…
mortgage extensions and borrowing more money
have 1491 shares in Bunzl i also have about 10k which i think will have to go towards having an extension built on my girlfriends house(new child) I was thinking about getting the money out on her mortgage as there isn't much left on the mortgage and I will have my savings if anything happens, I was thinking that when…
remortgage advice
hi, money numpty here, i need to borrow £10,000 pounds for home improvements,would it be best for me to re-mortgage for the lot or use my overdraft as part ie £5,000mortgage&£5,000 of my overdraft. or can anybody tell me a better way,i am not in a very well paid job and i need to stick to a tight budget,i pay £230 a month…
Tax advice re surrendering endowment?
We're about to cash in a useless endowment. It says on the terms of surrender: 'The Inland Revenue consider early surrender or withdrawals as income. If you request either of these transactions you may incur a liability to Higher Rate Tax.' Does this mean we will be taxed on the early surrender of an endowment? To whom…
Pension linked mortgage
I took out a £30,000 pension linked mortgage with my bank in 1987. Surprise, surprise, there's not gonna be enough in the fund to pay off the mortgage! Good news is that the FOS say the bank has to pay up! I thought that this would simply mean that the bank would be forced to make up the shortfall when the time is due, but…
My Mortgage company won't help me
In the last couple of months I have fallen behind on a months mortgage, which is £925. I have caught up on £500 and they are demanding the rest by the 26th November with my November payment of £925 plus £200 for the interest calculated from the 21st November, as I had to move my payment date slightly later to coinside with…
Quickie - Best day to repay my mortgage ???
I will be repaying my old Halifax mortgage with a new Nationwide one very soon. Could someone please advise me on the best day of the month to do this as I seem to think the interest charges will vary. Thanks alot ..
options to accompany interest only mortgages
I am looking to remortgage from a repayment to a interest only mortgage. What options have I got to put to the bank to satisfy them giving me this mortgage, other than an endownment? If an endownment is the only option, what is the best one?
Remortgage options
Hello, I own a house in need of repair with a UCB mortgage of around £24500 that I've had for a few years. I'm no longer self employed, I'm employed so I want to change to a better provider. I'm thinking of doing a Phd so I'm leaning towards a fixed rate for 2-3 years. I also want around £12000 to pay for necessary…
mortgage now we have a baby
We have to move because we now have a baby and cannot afford our current mortgage. Will we be able to get a mortgage with only a modest salary. We require a mortgage of about £108,000 and can afford to pay approx £550 per month which is approx 5 times my salary. Does anyone know a lender who will lend 5 times a salary? Or…
House share mortgage
My parnter and I want to share with a friend (3 of us in total). I've had a quick look on the internet but I can not find much info. 1) What lenders offer house share mortgages? 2) How do they calculate the total amount you can borrow? Thanks!
Mortgage with poor credit?
I hope someone can help. we currently rent our home and have done for the last 2 years - our monthly rent is £660 which at the moment we find it ok and we havent missed any payments in the 2 years. We have been thinking about buying for some time now as we know that paying a mortgage will be a lot less than what we pay now…
which mortgage for an RTB council house
Cousin is looking for some advice on a council house purchase. He wants to buy my aunts council flat but although in full time work, has a limited budget. My aunt qualifies for a 70% discount from the local council via the Right To Buy scheme. She is 72 years old and my cousin doesn't live with her. Actual purchase cost…
VERSATILE ENDOWMENT PLAN
I've recently received notification that one of my Endownment Savings Plans has matured. I've paid in £20 per month for 10 years (Total £2400) and have just been told that the plan will pay only £2100. So basically they have charged me £300 to look after my money for 10 years. My dilema is I have 3 other policies with…
Post - penalty bargaining
I'm sure this has been mentioned before (newbie here) but I've just come out of a penalty period and was looking for another product. My advisor got me some quotes but they were pretty high. When I mentioned to my lender (Leeds and Holbeck) that I was thinking of moving they started throwing lots of different offers which…
What type of mortgage?
Hi Myself and my partner are looking to buy a house for commerical use as an office. It has all the relevant permission for this. The property will then be rented out to my partners business. If we are financing the purchase personnally and not through the business do we need a commerical mortgage ? Thanks
Paying £1 per month, but would like to clear.
I took a flexible mortgage with the Northern Rock 24 months ago. The mortgage allows me to pay off as much as I want, but not redeem in full without penalties for the first five years.The term was 15 years but it was my intention to pay off some of it in lumps sums as and when I could afford. Due to unexpected…
Mortgage Advisor - Mortgage Trick ?
My girlfriend reckons her mortgage advisor sussed a way to outsmart mortgage companies... I think it is BS but here it is... Get a Interest only mortgage on existing mortgage, keep changing mortgage every few months to get the cheapest rates on introductory offers and put the remainder in a building society account to save…
Pay off Mortgage ASAP - is this wise?
I had a mortgage of £72K I paid of £22K lump some bringing it to £50K, I increased payments to £520 a month now it clears in 10 years instead of 22 years! I intend to make overpayments of 10% per annum, this should bring it down to 5/6 years to pay off the lot... Is this the best thing to do financially as some people seem…
Quick One on Mortgage Payment Date
Hoping someone will be able to answer this query. I currently pay my mortgage by direct debit on the 1st of each month. While I always do have enough money in the account to cover it, I was wondering how easy it would be to change the date I pay it to say the 2nd or 3rd of the month. Just incase my pay gets delayed and I…

★ ★ ★ Meet your Ambassadors

MSE News

Save up to £1 on your takeaway coffee – while saving the planet
Many of us regularly reach for a cup of coffee or tea to give us a caffeine boost, but if you’re out and about and can't bring a thermos from home, the cost of this can quickly mount up.
Chase customer? Check if you can get its boosted 5.1% easy-access saver
If you have a Chase current account, you may be able to get a table-topping 5.1% easy-access savings rate to go with it, as the bank has launched a new, temporary bonus offer for some existing customers.
New online state pension boosting tool promised to Martin Lewis hit by delays – here's what you need to know
The tool was first promised to MoneySavingExpert.com founder Martin Lewis on ITV's The Martin Lewis Money Show Live last summer and was expected to launch before the end of the 2023/24 financial year.
Spotify to hike prices by up to £24 a year – here's what's happening
If you've got a Spotify Individual, Duo or Family account you'll see prices rise by up to £2 a month (equivalent to £24 a year) in a month's time, the music streaming service has announced.
Subway customer? You've got until 14 May to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until the end of Tuesday 14 May to spend any points you've built up – or lose them entirely.
Nearly 850,000 people missed out on cheaper passports last year – here's how to cut costs and beat the upcoming price hikes
Nearly 850,000 people missed out on cheaper passports last year – and with fees rising by 7% this week, here's how to get a new passport for less.
Ted Baker to close 15 stores as it falls into administration – your shopping, refund and gift card rights explained
Fashion retailer Ted Baker will close 15 stores, including 11 by the end of next week, after falling into administration last month. Hundreds of staff are facing redundancy as a result of the administration.
State pension boosting to become easier as new online tool to launch within six months
A new online service designed to simplify how you check and pay for voluntary national insurance contributions is due to launch before the end of this financial year, the Government has confirmed to MoneySavingExpert.com.
NHS prescription costs in England to rise from May – check if you can save now
The charge for a single item will increase by 25p to £9.90 from Wednesday 1 May, the Government has confirmed. If you regularly pay for prescriptions, check if you can save by buying a prepayment certificate now.

View All

Mortgages & endowments

Discussion List

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