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Mortgages & endowments

Archives for February 2005

mortgages and bonus'
i have only been in my job about 10 months but would like to raise some cash to do up my house, now does anybody know if there are any companies out there that will use my bonus/commission when working out how much money i can have on a re-mortgage? There is a big difference between my basic and what i actually earn, and…
Current rental market and trends....
Calling all property investors......... I was just reading another thread on this board ( http://forums.moneysavingexpert.com/showthread.html?t=31140 ) and noticed from the reply that this board is "populated (in large part) by property investors" (makes sense I guess). So my question goes out to all of you experienced…
how to get a mortgage at age 63
I am 63 years old and want to get a mortgage. I have a reasonable amount of cash from the sale of my house in 1999. I have not worked for some years so have no "books" to show the lender. Suggestions please.
Parents as Guarantor
My friend has a son, he can probably get a mortgage of about £60,000 and wants to borrow about £100,000. He has calculated he can afford this. Can his mum stand guarantor for the additional £40,000 or is the only way to do this to take out a joint mortgage making them both liable. He would really like it to be in his name…
Want to check history of rate changes at Mansfield BS?
Hello. I'm considering taking out a 3yr discount mortgage with the Mansfield Building Society. I'd be interested to see how they amended their rates in response to base rate changes historically. e.g. when the base rate changes, how quick they were to pass that on to their customers, and also when the rate goes up by say…
Remortgage Guide
I logged onto the site this morning at 08:30. (When I got into work) I was expecting to be able to download the Remortgage guide that I was emailed about on Wednesday. But can't find it anywhere on the site. Have they all gone already, or am I not looking in the right place? can anyone email me a copy, or is this not…
Anyone challenged Nationwide?
Talking to my sister today about her mortgage.Seems she took out an endowment mortgage in 1992 with Nationwide.The endowment policy is with Guardian Financial Services. She feels that this was mis-sold to her. I think she is going to put in a complaint. Just wondered if anyone has had any experience regarding these…
Separation - getting name off mortgage
Please help. My partner is separated from his wife, and in the process of Divorce (which is going rather stickliy depending on what mood she is in at the time). The issue is this - their house was in joint name on the mortgage - he wants out of that in order to buy with me. He had offered to give her the whole house in…
Foreign Currency Mortgages
Hi everyone... We are looking to purchase property in Spain - renovation project - and have just found out about foreign currency mortgages...consistently much lower interest rates and similar conditions as mortgages here...what are the pros' and cons - it seems almost too easy..? Anyone have any information about these…
My 'boss' at the time sold me my endowment
Hello I'm not sure what to do. I took out an endowment policy in 1993 for £38k (seems a popular time and amount) I was a newly qualified teacher in my first job and my new boss - the headteacher did a nice little sideline in endowment mortgages. He arranged for me to see a Building Society - I got a mortgage and an…
Joint mortgage between three people?
Myself and two of my friends are looking to buy a house in Nottingham and I have a few questions regarding what the best options are going to be for getting the money to buy a house. Now all three of us are recent graduates and earn around £15000 on average, and we are probably looking to buy a house around £100,000 to…
Are endowment mortgages all bad?
I've got an endowment policy due to mature in 2013. The sum assured is about £20K, but the prediction is that it will only pay out £15K or more if I'm lucky. After the divorce I'll be seeking a new mortgage on a new property, effectively as a first time buyer not a remortgage. I'll need to borrow about £45K. It will be a…
first time mortgage
can anyone give me an idea of what the repayments will be for a £40,000 repayment mortgage.just roughly.please.
Direct Line Tracker 4.85%
I'm trying to find a cheaper remortgage and this one really does seem very cheap. Trouble is the T&Cs are a very big PDF file, realistically it's too hard to look at it online it needs printing out in A3 I reckon. So I haven't been able to read the small print and phoning to ask for copy got me nowhere. So has anyone got…
Seperation/Mortgage Problem
Can anyone give me some advice please. Me and my husband have seperated I'm still in the house with my daughter, we have £37K left to pay on a £100K house, mortgage is in joint names. I want to pay him out (£30k) thus getting a mortgage for £67K on my own. So far I can't find any lender that will help. I am currently on…
Mortgage Dilemma
Hi I am not the most 'mortgage savvy' person, and would appreciate any advice. I currently have an Intelligent Finance variable rate mortgage with payments of £321 per month (5.95% interest.) I would like to try and get payments to under £300, but still keep the total cost in consideration. I looked at First Active but…
Endowment Question
hi experts! I have had an unsolicited call this week from a company offering to go for compensation for me. They say that they are much more likely to gain compensation than if i went for it myself and they also say that I have a good case. However they charge 15% of the compensation and a deposit which they say is…
do I pay off the Mortgage?
I am tied into my mortgage os £71,000 till march 2008 paying at 6%. my various savings in internet accounts earing 5% later in the year I will have enough to pay off my mortgage. But will be hit by a £4,675 penalty. Should I paid off the mortgage & penalty or continue repayments till march 2008 then pay it off without the…
Remortgage Advice / Recommendation / Suggestions
Hi, Currently have a Woolwich Offset which I use for Mortgage / Loan / Current and Savings etc. Looking to see if I am better staying where I am or remortgaging Situation as follows : Mortgage Balance : £58600 Term Remaining : 7 Years 3 Months Interest Rate : 5.5 % variable (tracks barclays base rate + xx percent) Provider…
Endowment Question
We started our endowment when we bought our first house together in 1998, it was a new build estate and we bought the house and endowment via the builders financial advisor - this way the company paid a 5% deposit on the house. The endowment was through Commercial Union and I am not convinced that he sold us the policy…

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Mortgages & endowments

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