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First time buyer
Hello everybody Just a quick question.... My sister is about to purchase her first house and get her first mortgage. She is looking for a mortgage of £130,000 to £133,000 over 25years she would prefer fixed to start with to know what money is going where. joint income of around £44k where are the best places for first time…
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Has anyone tried to arrange a mortgage abroad for a home in uk
I've heard more and more people are finding ways to mortgage their houses abroad is this legal and if so is it any good or are other countries interest rate too crazy to consider this. I have a french partner so if its possible translation wont be a problem and when we next travel to france i intend to visit a bank to find…
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Endowment Misselling
I need some adxice on the endowment and building society which I dont trust anymore. We went from one building society the Halifax. We were encourged to go from a repayment to endowment. We were told that we could finish 2 years before the mortgage was due (Scotish Life) We could then decide whether to pay mortgage off or…
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self cert offset?
hi guys just a quick question. does anyone know if there is a self cert mortgage with an offset facility on it? my brother is self employed. only from middle of last financial year, in a secure job (pharmacist). so not worried about fututre income probs. he does however have a problem with a mortgage. my father is gifting…
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Another L&G red letter - I'm Sooooo confused
Really sorry if this is just another request for help - but I've spent a long time reading through the links and trying to apply all your wonderful advice to my own situation. But I'm still quite confused !!! L&G endowment policy - started June 1988, maturing 2013 - monthly premium of £69. Target amount is (ha ha) £52,000.…
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Overpayments Trick!
Guys, I'm doing a bit of research and maths with an aim of benifiting from fixed rate and making a bit of overpayments. Many lenders won't allow you to do overpayments more than fixed percentatge. Especially HSBC has got this bugging policy that you can't overpay more than 20%of MONTHLY payment. I'm very annoyed with this…
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Surrender Endowment?
I have an endowment policy with Eagle star; Matures 17/06/12 Left to pay is £27.27 per month for another 98 months = £2672 Target Amount was £17,350 Projected Final amount @ 3% = £10,100 Projected Final amount @ 3.75% = £10,600 Basic benefit £5982 plus existing bonus £2968 = Accumulated benefit £8950 Current Surrender…
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endowment mis-selling advice
I have recently complained to the IFA company I purchased my endowment from. When they sent me a letter to acknowledge my complaint they also sent me 2 questionnaires that they wanted me to complete and return to them (one about my mortgage history and one about my endowment and me personally). I have heard stories of…
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Finding out about neighbouring houses
In the not to distant past, I am sure MSE had a link to find out about neighbouring houses. IE what they paid for the property, how much their council tax is etc. I can't find it anywhere, can anyone point me in the right direction please? Cheers
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House valuation risks - what strategies for a buyer?
Hello everybody, Two months ago I had to pull out from a purchase, as the Homebuyers report highlighted a lot of problems with the house. I lost all the £450 paid for the Homebuyers report, as the mortgage lender would refund part of it (i.e. the equivalent to a basic valuation costing £250ish), only if the sale went…
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L&G Red letter - eek!
I have just received a red letter from L&G. I am really at a loss as to what to do. I can't claim I was mis-sold as I did know the pitfalls, (although they were not explained to me by my FA at the time) I have already converted the shortfall on to a repayment mortgage. So do I keep this policy, cash it in or make it paid…
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Re-mortgage
Hi. A friend of mine without internet access at the moment has asked me to post this for him. "We will come to the end of our fixed rate mortgage in July (rate of 3.64%). We will have about £50k left to pay but want the option of being able to pay this off at any time without any redemption fees. At present we can overpay…
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Nationwide New Deal - Fixed Rate 5.09%
Nationwide have reduced their fixed mortgage deals on Thursday. New deal is 1) 5.09% Fixed for 3 or 5 years 2) Daily Interest 3) £484 to remortgage (Admin fees etc) Their are tie in's but overall the APR is 5.8% or £1.84p for every £1 borrowed better than Portman's deal. Worth having a look - if your looking for a good…
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recd standard questionaire for mis sold endowment - help
just recd the standard questionaire... help reqd bear in mind at the time i was a 1st time buyer whos mortgage was thru dunfermline bs so signed up via there advisor for legal and general policy q14- if u had not taken out the mortgage on endowment basis, give dets of how u would have done instead ie captal…
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non standard constuction mortgage
Can anyone tell me of any lenders that will give a mortgage on on steel prefab know of two Abbey + Halifax are there anymore
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For new customers only.............
Puts me in mind of the Nationwide ad................ Britannia have an excellent 4.94% 5 year fixed rate mortgage on offer. I have had a flexible mortgage with them for 20 years, wanted to switch, sorry, for new customers only!
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Can i change my mortgage abroad ???
i saw an article about how many people moved abroad (second homes) and took local mortgages and then because the liked them so much were able to transfer their own mortgage to that as well ??? I cant afford a second home lol but my french partner and i are maybe interested in seeing if transferring it to france could save…
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Pay off a fixed-mortgage (very) early?
Hi, My partner has just sadly lost her grandmother, and has been left some money in her will. It now turns out that we currently have more in savings than we do on the rest of our 23 year mortgage, taken out a year ago from Nationwide at 5.09% fixed for five years. It will cost us £1,775 to pay it off early, but it seems…
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Bank won't allow extra cash on mortgage
Hi All Not really sure where the best place to put this but hope you can help. My husband works full time and I am a full-time Mum. My husband earns about £14500 a year and we get tax credits of £250 a month and child benefit of £110. Our mortgage is for £70000 and our house is worth approximately £110000. Our fixed rate…
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Three endowment queries
Having sought mortgage advice from a Building Society in 1998, their rep, who I found out was a Commercial Union rep, sold me an endowment policy. I have three queries: 1) The question used to determine my Attitude to Risk was: “When addressing the solutions to fulfill your current priorities, which one of the following…
