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Mortgages & endowments

Archives for June 2005

Urgent help required please re time to get mortgage arranged
Hi This is a fairly urgent question! I hope someone can advise me. Just put in an offer on a property in Scotland today, it was verbally accepted. Legal offer is due to go in tomorrow. However, the vendors want to set a completion date for 12th August (when they take over property they are buying) and want this date put in…
Endowment compensation calculation choice?
Hi, Winterthur life have accepted my endowment was missold and have offered me two means of having any compensation calculated:- - Either use the Halifax variable rate throughout the life of the mortgage - Or I complete details of every mortgage I have had, every rate it was at, and whether life assurance was a requirement…
Re-mortgage -no proof of income
I suppose I'm a "Mortgate Tart" as I move every couple of years. Unfortunately, we are due to move it again soon but I have changed jobs since the last time and now have no proof of income (I look after an elderly relative and she pays me by cheque each week), will I be able to move as it will be based on joint income?
First remortgage time! Help!
Hi guys, I was just after a bit of advice and a few recommendations really. I bought my first flat 2 years ago and am now coming to the end of my 2 year fixed rate mortgage (3.49% that will revert to SVR with the Halifax). Obviously I don't want to pay the SVR if I can move to another discounted rate (or maybe even stay…
First time buyer questions.
My girlfriend and I are starting to look at buying a house but before we get much further we want to try and work out how big a mortgage we can get/afford. I.e. We don't want to see a house we realy like only to find out we can't get a suitable mortgage. We are both working full time. My girlfriend is just starting as a…
Whether or not to cash in endowment policy
I hope this isn't repeating previous posts, but can't fnd anything similar. I was sold an endowment in 1995 to cover a mortgage. It wasn't a smart idea, but I think 1995 was long ago enough that I couldn't claim to have been mis-sold. I'm sure I was advised all the stuff about no guarantees, etc. My question now is whether…
How do I get a UK mortgage for a New Zealand property
I am a New Zealander, my partner is English and we want to buy a property in Wellington before going to NZ to live in 3 years. UK interest rates are about half that of NZ so we hoped to secure a mortgage here. At every turn I am told this is not possible - has anyone done this or got any advice? Thanks!
Which Mortgage? FTB, £130,000
Hi all, We are thinking of putting an offer in on a house. (First Time buyers) We expect to get the house for a maximum of £145,000 (probably £140k but I'll go with worst case). We have approx £17,000 as a depost/for fees so need to get a mortgage for £130,000. Which one...? I've read all the articles and received advice…
help - mortgage broker in london
hi would anyone be able to recommend an independent mortgage adviser based in london? thanks michelle
where is this 4.54% fixed rate?
FIXED RATE MORTGAGES GETTING CHEAP! The UK's base rate hasn't changed, yet the long term city rates which guide fixed rates have dropped. Forget the gobbledygook, it means fixed rates are a lot cheaper than they were - you can now get a 5 year fix at 4.54%! Time to remortgage. i cant find this?
Re Mortgage
Hello all, Some advise if possible. We are nearly due to review our mortgage which is currently with Abbey. Our finances are also about to change with the addition of our 1st child!! Currently we earn more then enough to cover our mortgage of 160k, this naturally will change albeit only for a short period as the wife is…
endowment mis-sold, help needed
i was sold a scottish amicable ( now prudential) endowment by a company called Andrew Peat Financial Consultants ( UK ), while i was serving in HM forces, Germany, in 1990. i was clearly advised wrong and the endowment for £35000, is only worth £17000 when it is due to mature in 2015, even though the salesman stated i was…
HELP -first time buyer
Can anybody help me ?? Me and my partner our looking to buy our first home, but we want a 100 % mortgage, but have no idea where to start looking. does anybody have any advise or know of any good deals for first time buyers???
endowment win fees?
Hi guys, Iam about to sign on the dotted line to allow a firm to persue an endowment miss-sell and to organise a re-mortgage. They have met with me twice and explained that thier fee will be 20% of any compensation payed out by Standard Life if we win. No fee if we lose. Questions: 1. Will I have to close the endowment or…
Endowment compensation offer
Been offered compensation by Britannia building society £2,660 on a £20,000 endowment with 5 years to go to be put back in the position of a repayment mortgage. Surrender valve of endowment is £9667.74. Is this a fair offer of what a repayment mortgage would have been?
joint mortgage
anyone have information on any tax or other liabilities we may incur. My husband and I have fully paid for our house. Our daughter wants her own house but cannot afford a decent house in the right area. we would lke to buy 25% of a house with a mortgage and she buy the remaining 75% with a mortgage. We are considering…
Do teachers get special deals on mortgages etc?
I've heard that teachers get special deals with regards to mortgages, does anyone know if this is correct? Also, does anyone know what classifies as a teacher, or a site that would clear that up for me. I am going to do a C&G 7407 which will lead to teaching mature students at evening college and at weekends and am…
Norwich Union increasing bonuses on some policies!!
Did I read it right on teletext tonight that about 600,000 CGNU policies are actually having their bonuses increased? Is the tide turning on the endowment policy? Surely not, just a blip in the stock market making them think they are profitable again...
Solicitors Fees?
We are thinking of moving our mortgage but will incur solicitors fees. Can anyone tell me how to work out approximately how much we would be expected to pay for these fees. ie is it normally a percentage of the amount borrowed. Thanks
Are searches needed??
Hi all, Just buying a RTB council house for £30,000. Mortgages on this construction type are a joke so raised cash with a bank loan . Just got quote from solicitor for conveyancing and there are some "optional" extras. Do I need local search, water and drainage search,enviromental search etc etc. Total extra for searches…

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