-
Endowment Cash In
I'm thinking about cashing in a couple of endowments to raise capital for a holiday rental property purchase. The endowments are Eagle Star Homebuyer £45/month 25 year term was linked to a mortgage but not any more matures Oct 2018; Standard Life £50/month 10 year term matures Jan 2009; Friends Provident £50/month 15 year…
-
Credit Checks
hi can anyone tell me how many credit searches is too many on a credit report to give you bad credit ie 10 in 12 months will lower your credit rating any info would be appreciated thanks in advance
-
Endowment shortfall panic!!
When my hubby and I bought our first house 22 years ago endowments were all the rage and we were persuaded that they were the best way to cover the mortgage and so we took out our first one with Sun Alliance as it was then. Each time we moved house we took out another to top it up and to mature in 2008 (25 years after the…
-
Sneaky idea to avoid an early redemption fee
Here's a sneaky idea I had. I don't know whether it will work or not but I'll try it soon as I'm hoping to pay off my mortgage in the near future. The problem My building society charges a £199 redemption fee if any mortgage is paid off before the full term (on top of any redemption penalties for the particular policy).…
-
Buy to Let
Hi, new poster here. I have been trying to raise £60K on a £100K buy to let property which has no mortgage on it. I have been knocked back for two reasons 1 The property is split into two flats but is registered as 1 house 2 The property is let to a housing associaition on short lease who inturn short lease it to two…
-
Mortgage advice
Can someone offer me some mortgage advice please. The 2 year discounted rate on our current mortgage is about to come to an end and we have been offered a choice of further discount products as follows: 3 or 5 year discount of 1.2% off SVR of 6.64% (ie 5.44%) 5 year tracker at 0.70% above tracker VR of 4.75% (ie 5.45%) 4…
-
Criminal Record
I'm sure there are many young people in this situation. Too much alcohol, argument, court, criminal record. Now my offspring is looking for a mortgage. While the mortgage application form (Northern Rock) does not directly ask the embarrasing question the attached insurance form which has to be filled in does. (Regardless…
-
cashback mortgage
i am looking to buy a house but only have about 1500 pounds in my savings account, i could probably lend the rest of the deposit from parents, but only if i can prove that i can pay it back asap i have heard about cashback mortgages, are they any good and are there any that pay cashback to 1st time buyers and on day one of…
-
standard life
Just had this years statement for the endowment policy. Paid in £500 in the year and now the policy is worth £ 800 less than this time last year. These people should be locked up. This policy was laughingly called the Early Maturity Plan!! Should I hang on for possibility of demutaualisation as I seem to be losing money…
-
First Time Buyer Help Please
Me and my boyfriend our trying to get on the property ladder our combined income is £25000 a year which is proving difficult to get a mortgage anywhere near what the house prices are at the mo i also have debts from uni that are approx £6000 we also want to move asap so dont have time to pay off debt and save for a…
-
Tax on Gift Property
Would there be any Tax if Proprty given as a Gift is sold. If it is the Only House owned but not living there because working away. Does renting it out for some time affects this. If there is Tax to pay on sale what is the Cost Based on as there is no Purchase Price to base on.
-
Adverse credit history - remortgage, know a gd broker?
Can anyone personally recommend an IFA or broker in South London to help me with a remortage - I 've tried a couple: SFA, Attwood & Hart and another nameless bunch; they all proved useless in that they made promises they cudn't keep or didn't bother turning up to an appt - my instincts are not to give such people a second…
-
How do lenders determine affordability?
When we applied for our last mortgage it was with our existing lender, when working my hubby's pay out we took the total from the last three years of P60's and divided it by 3 to get his average yearly salary. This time I just happened to mention that he earned regular overtime and they took 50% of this into account. Which…
-
Swapping Mortgages
Our 2 years fixed rate is almost up with Nationwide. We have a 84100.00 mortgage and our fixed rate is 4.49%. This is currently costing us approx £482.00 a month. Please can you give me any suggestions of who we may change to and how much it would cost us? Thks
-
remortage help please
Hello new to this site and am im dire help of advice so first of thank you in advance for any assitance you can offer.. ok heres the deal.. recently divorced, i got to keep main home and endowment etc ect,, so no issues there. i have a approx £60,000 mortage on a property that is valued at £180,000 and it has 13 years left…
-
Self cert V normal mortgage
Hi I wondered if someone can offer objective advice to me, we are FTB and about to sort out our first mortgage. Our dilemma is that our joint income - including child maintenance (not through a court order) is about 32k a year, we have 14k deposit and we are looking to buy a house at 140k - so we are looking to borrow…
-
Best Parental Guarantor Buy-to-Let Interest-Only Remortgages?
I am posting here because my mortgage requirements are more complicated than most. I bought a house in 1999 for 40k with a Parental Guarantor (my dad) residental interest mortgage with a separate endowment. I need to change lender because I need a Buy-to-Let mortgage as I am letting it out. It is now worth over 100k and I…
-
mortgage broker
can anyone let me know how I would get an independent one? We are looknig to remotgage in June
-
Mortgage Help Please
6 years ago we bought our first house with a 7 year capped rate mortgage from Abbey (capped at 6.2%) LOAN 1. 2 years ago we moved to a new house and were told our best option was to take out a second loan, which was fixed at 4.5%. LOAN 2. Loan 2's fixed period is set to expire in May, however we still have 12 months…
-
Urgent - Disclosure Details and Mortgages
Hi I hope you can help me. I am thinking of moving home. I have approx £80,000 equity on my home so that is a good deposit for a £175,000 home. I have four questions: 1. I intend to use £10,000-£12,000 of the equity to pay off credit cards that I have - would the lender have any problems with that or is it my money to use?…
