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Remortgage type - advice please
Hi, I have an ordinary repayment mortgage with the Abbey. It does not end until 2022. The current balance is about £44,000 @ 6.75% variable. I need to repay this as soon as I can - at the least by 2010. I would like a mortgage where I can repay more than the minimum figure each month without any penalties. Perhaps one…
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FSCS - time to handle claim
Hi Has anyone had any experience of putting a claim through the FSCS for endowment mortgage mis-selling. I had to go this route as the company of Independant Financial Advisors that sold me the policy have ceased trading. I completed the FSCS claim form in November 2003 and was initially told that it would take at least 6…
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standard life endowment
I have two standard life endowment policies one for £34,500 and one for £2,250. If I surrender the larger one would I still be entitled to the payout if and when demutalisation occurs or is is in proportion to the size of the policy?
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Advice on new morgage please
Hi everyone A friend of mine has asked to see if I can get any advice for him as to the best morgage for him He has a morgage of £67K and wants to move to a diff lender. There are no cost involved. He wants to up his mogage to £80K over 18years and have the flexability to overpay My first thoughts are Virgin One or IF but…
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Please Please help with mortgage overpayment advice!!
I desperately need help to know where I stand at the moment. My position is this - endowment mortgage (interest only). 7 years left to go. When I got my statement at the end of 2004, the capital sum had increased by £800.00. This is not usual. Every year prior to that, the total was virtually the same. During 2004, I fell…
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Remortgage for investment
My parents are remortgaging their house to buy a cheap property in their neighbourhood. They will refurbish the place and hope to sell it in 6-months time. To reduce costs they are just going to remortgage their own house and they settle the balance when the sale completes. I have found a good deal for them from the…
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Flexible Mortgages......any good deals
Does anybody know of any good deals on flexible/current acc/offset mortgages? The only one i know of at the moment is through Egg: 4.24% for 6 months and then 5.74%, there are also very few charges (or am i just being naive!!). Any advice would be helpful.
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Advice on my situation (morgages etc)
Hey folks - just wanted to pick your brains as it were! Situation: Im 23 and wanting in some way shape or form to get on the housing ladder. I still live at home with my parents. I earn a fairly decent amount but cant afford to get on the ladder. However, a close colleague of mine (older lady) has her morgage totally paid…
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mortgage repayments
heres one for you people.went in to our mortgage lenders last week looking for a discount on mortgage(we,ve done this before.last one finished last november)i.e.two year discounted deal.advisor brings up our file.mortgage,loan and insurances.starts off then says that according to his computer we have not payed into…
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Is 5.79% fixed for 5 years rubbish??
Please can someone kindly advise... The Halifax have given us a morgage review. We currently owe 28,000 on an interest only morgage our rate is a tracker at 5.7% and there is 16.5 years left on our 25 year morgage. Their best offer for us is a fixed rate for 5 years at 5.79% no fee. I know to most people this is a silly…
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Quick question for someone please !
Can you take out an Interest only Mortgage, for only a short time, with no investment to cover the repayment ? I realise this is not a good thing to do, but think the downside could be outweighed by the gain for my case.
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Pls suggest steps to improve Credit Rating for future Mortgage
Hi, I (and my wife) intend to step onto the property ladder in about 6 months time. Can people suggest some steps we can take now to improve our credit rating during these intervening 6 months period ? ( so that we can land a competetive mortgage when we buy a property). The basic issue with us will be that we are not EU…
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Mortgage or Rent?
I currently have a fair amount of debt and am looking for some advice on whether I should therefore look to take on a mortgage or continue to rent. I think taking on a mortgage may really stretch me, but making an investment seems sensible also. I am also considering buying a property abroad to rent as these are available…
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Court case re old reposession help needed
This is a copy in another forum, but I need to make sure that I get a good reply, so I'm sorry if this is a problem:- Hi, My partner's mother about 12 years ago had her house reposessed. Her sons tried to buy the house for her a couple of days later, but were told that it had already been sold at auction. Can they do this?…
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Mortgage Holidays
We've been in serious financial trouble and had to take mortgage holidays of one year on two occasions. When I resumed paying the first time, the increase was not as great as the second time. I questioned the jump, which was 600 instead of 300 per month and they sent me the calculation, which I think was flawed. Does…
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Mortgage with my own bank
I'm new to this mortgage game so go easy on me :) I'm trying to ascertain whether or not to enquire about a mortgage with my bank or go to a "specialist" lender. Here's a summary of my situation:-* I have 2/3 defaults on my credit record(s). * I bank with the Royal Bank of Scotland. * I have a £1300 overdraft with my bank…
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somefinegal
Apparently there are no stupid questions here.....I may be about to ask one... I am aware that in 'some' contries there are very low mortgage interest rates, much lower than inUK. One example is Spain with cheaper mortgages than UK..using the Euro, Can 'We' in the UK using our UK home as security get mortgage funds from…
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What Am I Paying For ?
Hello, I recently saw an I.F.A regards a mortgage of £160k on a £200k property I am starting a new job soon with a salary of £33k inc bonus but before overtime and have a £40k deposit I gave all the details and it was suggested to Self Cert ? and was astonished when I received the paperwork showing a figure of £1600 (1% of…
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BTL Mortgages for DSS
Which lenders lend based on DSS tenants? I know there's Abbey but are there any others?
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Remortgage Guide Discussion
This thread is specifically to discuss the content of the MoneySavingExpert.com Printed and PDF Remortgage Guide To discuss or ask a question about this article: click reply
