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Young mortgage owner needs help
I'm 22, and jointly own a house with my "boyfriend". we have only had the mortgage for 3 months and are currently tied in at a 2% discounted rate for 2 years, which we are both happy with. HOWEVER! OUr relationship maybe coming to an end and when we put the deposit down, it was 100% mine, and having only made 3 payments,…
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I'm a novice
I have never had a mortgage, and I am 54 years old. I have arounf £30,000 to spare on a deposit, and I earn £20,200 pa. The Halifax phone service is a waste of time (I have an account with them!) - they did not answer my question. Does anybody know whether I can get a mortgage at my age, or a place to get advice? Ed
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offset mortgage
We have quite a high mortgage £80,000 and a offset loan of £39,000. We at the moment pay £850 a month. Which we have been told is not enough at the moment, but we are struggling with money at the moment so the bank has said we can leave it as is until ok. The interest per month is £500-£550 a month. When does the mortgage…
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Compensation Question
I complained and won my claim to the FSA about a policy missold by my IFA. When I complained direct they ignored me. They now have 4 weeks to reply with their offer of compensation. My question is how this is calculated given that I expect my IFA to attempt to minimise their liability. I understand the basics in that they…
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Endownment Claims, How Long???
Hi, We have had our endownment since 1996, we have felt for a long time now, that we were mis-sold it, but being 1st time buyers, and being told "you can pay your mortgage off early, or have a tidy little nest egg over after paying for 25yrs, we were smitten, up until we had our 1st re-projection letter, saying we were…
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Mortgage Question
Hope someone can help.....I am currently selling my house which I shared with my partner.....we are now splitting up and have to sell our home.....I am due to make around a £18,000 profit for myself.....would you advise me to use some of this money to pay off a large loan that I have (approx £10,000 which will not be paid…
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Where are you all ?
According to the press there are 40-50,000 plus people coming to the end of there various tracker deals etc, so i would of thought there would of been loads of threads on the latest/best offers etc, but it's very quiet?. My tracker with Nationwide finishes in June and I'm panicing a bit now, i want a 5 year deal which will…
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Sealing - Deeds Release Fee - A&L - WARNING
A word of waring over a sharp practice... I signed up to A&L on a 2yr discount with a redemtion penalty during this period. When I signed up the fee to end the mortgage (sealing and deeds release) was (a fairly extortionate) £160. Whilst I was locked in this fee was raised by about 90% to £295. The obvious explination for…
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Getting mortgage with a contract-based job
I am working as a Research Assistant in a respectable London college, and my contract is renewed on an annual basis. The pay is decent, but I'm worried that the contract issue may cause some problems when applying for a mortgage. Has anyone here been in a similar situation, and what was the outcome? TIA.
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Remortaging for better deal
Can anyone help, I called L&C but to be honest they didnt help much, perhaps as my mortgage is peanuts compared with what they are used to dealing with. I am currently with Nationwide, 58k tracker mortgage, interest only with a stocks/shares equity ISA running along side it. Seemed to be working well, the tracker part that…
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MPPI's with Market Harborough BS
I'm confused about MPPI's. I want to protect my mortgage should I become unemployed or worse happen. However, I have read every where that MPPI's should not be bought from your mortgage lender as they charge the highest rates. The latest that I have read, is that Market Harborough BS based in Leicestershire offers on a…
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What are my chances of compensation?
First off, apologies for longish post! I'm currently trying to sell a flat which up was a buy to let property, but has been empty since I accepted an offer on this flat in September 2004. In January, my solicitor discovered that my mortgage company had lost the deeds, and the lease to the property. The buyers solicitor…
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First time mortgage with existing debt
Hi This is my first post and I'm looking for a bit of advice on how mortgage lenders assess. My partner and I are looking to buy a place soon-ish, probably looking at a property priced around 180-200K. We have around a 50K deposit mainly made up of my partner's investments and my ISA, and putting this into a property would…
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Salthaven
We are trying to purchase a flat for my daughter who earns a salary of £18,000 per annum we are willing to put down 10% of the purchase price which is about £100,000 - £110,000 any suggestions of where the best place to go - to get this amount - she can afford it she has no other debts!! Thanks in advance
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Lower mortgage or lump sum overpayments
Can those of you in the know confirm whether the following is true or not I have just finsihed a two year tracker with Abbey. I thought I would try to be pay the mortgage off quicker rather than slower and so I took it over 20 years rather than 25 years with the option to make repayments of up to 10% of the mortgage each…
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Anyone know anything about Spanish mortgages?
I have been looking up spanish mortgages for the last few hours. I am a FTB who wants to buy in Spain as I plan to move there in three years. if I were going by UK rules I could afford an apartment worth £100000 if I got a 100% mortgage and obviously a bit more with a small deposit. Most of the things I have read though…
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pay mortgage with interest from savings?
Dont know if anyone can help? I am thinking about selling my house which is worth about £350000 and i dont have a mortgage. i was thinking about banking the money in a high interest account. then taking out a mortgage to build my own house and se the interest from my savings to pay my mortgage. but i only earn £25000 a…
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endowment misselling are ones taken out as saving plans included?
Sorry if I am being a bit dim. Is it only ones linked to mortgages that can have cause for complaint and possible compensation. I took out a plan almost 10 years ago through the CO-OP due to mature later this year. A whollw of life policy I think it was called. During my time with them I have only ever received 4 bonus…
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Can someone please explain an endowment query...
I have just eceived my 2004 bonus statement from Norwich Union and the figures on it are ridiculous. It reads "The regular bonus added on 31 December 2004 based on 0.00% of the £XX,XXX With-Profits benefit and 0.50% of the £YY,YYY regular bonus from previous years." How on earth do they get away with that, I thought…
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Income Multiple
Hello there, first post on here so please bear with me. I am currently looking to move house and C&G (my current lender) have offered an amount which would not buy a rabbit hutch here in the south east. This is based on my required income multiple of 5.2 for the loan required. Now, I understand this is way outside the…
