-
Endowment Obstacle
My mortgage is currently supported by two endowmwnt policies that were taken out back in the early nineties when I was married to my first husband. To cut a long story short, I got divorced, had my ex husbands name taken off the policies so they are now in my sole name. Both endowment companies have written to me regarding…
-
standard life
I have a standard life endowment,luckily I don't need it any longer as I paid off the mortgage. I was thinking of cashing it in as theres no point continueing paying into it,I would get nearly £6000 so I can put it in two ISA's (me and the wife).However , the talk is standard life are demutualising,(is that the correct…
-
Cheap & Safe place to keep house deeds?
Hi, I'm very close to finishing off my mortgage (hooray!!!). My building society would charge over £200 a year to keep the deeds in storage and I'm a bit reluctant to keep them in the house. Does anyone know of any cheaper alternatives? Thanks.
-
Cost of a Default?
Hello All, I'm just wondering how big a deal a default of £53 is going to be in the big scheme of things. I do have other credit history which is on the whole good (two missed payments a couple of years ago). I'm going to take action against the default - it was settled last year and the Halifax had said it wasn't going to…
-
Portable Mortgage?
Is there any such thing as a truely portable mortgage? By that I mean a mortgage that you can move to a new house subject only to the new property being sufficient security for the lender without having to apply for a new mortgage again. From what I can see most (if not all) mortgages that describe themselves as portable…
-
mortgage advice please!
Hi, I have just found a buyer for my property, my sale will be about 95k and I owe about 32k to the Yorkshire b/s, now I am tied into a deal for the next 3 years and I think I have to pay about a 1000 pounds to get out of it, see I am not sure if I am going to buy something straight away or wait awhile, if I wanted to…
-
Can anyone work the figures for me?
I currently live in a flat that is worth about £140000. I owe about £75000 on the mortgage on the flat. I would like to buy a house for £290000 and keep the flat. But to be able to afford the house, I will have to rent out my flat. Does anyone have any advice on how to do this? I basically want to spend about £1500 a month…
-
Mortgage Calculator
Sorry if this has been asked before - does anyone know of a mortgage calculator that calculates how much quicker my mortgage will be repaid if I over pay each month?
-
Eagle Star Low Cost Mortgage - Hold or quit?
Started Eagle Star (now part of Zurich group) Low Cost policy in 1990 that matures in 2015. Initial expectation was for maturity value of £65k. Following the recently declared bonuses, minimal again, I requested some information on the policy and have been advised of following: Cash in Value now £20,560 Estimated maturity…
-
Mortgage pending house move
Can anyone advice the best course of action in my current situation? I have just come to the end of a fixed rate period on my mortgage which means the rate is due to increase from 4.8% to 6.75% variable. Obviously I want to remortgage to get a better deal. The problem is that I have currently got my house up for sale and…
-
Default on mortgage HELP please
I am currently trying to get a remortage.My wife missed 2 payments on her mortgage 2 years ago (with illness).We payed the arrears up full within the next month.It now appears that her mortgage lender have put a default on her file.This was done without any of our knowledge and has only come to light since we have tried to…
-
Endowment help needed please.
I have a £40,000 endowment with Norwich Union which has around 9 years to run.They have sent me a letter telling me of a probable shortfall.It varies depending on the interest rates over the next 9 years.They have also urged me to take some action to rectify the situation.In the letter they are encouraging me to switch…
-
TMB Mortgages
Has anyone got any experience of TMB and their self cert mortgages? Any info appreciated Mark
-
re-mortgage as buy-to-let?
currently 2 1/2 yrs into a fixed 5 yr mortgage (4.75%) on my first home. Question is can i re-mortgage at the end of my 5yrs with a buy to let so i can let the property in order to allow me to apply for another mortgage for a purchase to live in? Hope that made sense glen
-
Endownment confusion
Hi Can anyone tell me in simple lay man's terms how i go about claiming compensation for an endownment? we took the first one out in 1987 and after moving house in 1998 we added another endownment (foolishly!) can i claim compo for both? the first is with cis the second is with churchill. we are currently looking to change…
-
Agreements in Principle and credit ratings
I'm a first time buyer and am currently looking at mortgages - how much I can borrow etc. I'm a bit concerned about these agreements in principle that have to be carried out before some lenders will tell you exactly how much they'll lend you. Apparently too many credit checks in a short space of time can adversely affect…
-
shared ownership sub-let
Hello, Does anyone know if we can sub let shared ownership houses privately or through a estate agent. Is there a way around to get away with it....!! i bought this place but for personal reasons i cant live in, i would liek ot rent it out??? is that possible? has anyone done that or has come across such a situation??
-
Endownment -what To Do Please Help!!!!
HI GUYS CAN ANYONE GIVE ME SOME ADVICE REG ENDOWNMENT I HAVE. A FEW YEARS AGO I DECIDED AFTER RECIEVING A SHORTFALL NOTICE ON MY ENDOWMENT TO CHANGE TO A REPAYMENT MORGAGE -I DID THIS BUT COS I HAD ONLY HAD THE ENDOWNMENT SINCE MARCH 96 I DECIDED TO KEEP IN ON AS AN INVESTMENT(SORT OF) AND WAIT TO CASH IT IT TIL A BIT…
-
Second home purchase plans
Guys, I'm planning to buy a second home and rent out the first home. I have few questions and I'm pretty sure I can take your advise confidently than some of the bank's advisors! So, here is my situation adn my questions: Situation: I'm currently living in in my own flat. I'm looking to buy a House and rent this flat. 1.…
-
Settlement of Mortgage, yes or no!!
My husband died last year and his life assurance policy will enable me to pay off the mortgage which is currently with A&L and is a repayment mortgage. I have 2 children under 14 and only work parttime earning approx. £11,000. There is still £55,000 approx. due on the mortgage which has another 13 years to run. I think it…
