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Mortgages & endowments

Archives for July 2005

Advice needed on application
Hey guys, Need some advice if you could help. My parents have just inherited a house in my local area which is worth approx 74000. She has offered me first refusal on it as long as i can raise around 68000. Problem is i'm unsure whether i'll be able to raise the cash needed.... Here's my financial situation: I earn at the…
Could you please explain
We are renting a house from a housing association at the moment and we need a bigger poperty, we can nearly afford to buy a house. We are able to get a mortgage for £117,000.00 we need at least £140,000 (that is buying a 3 bed house (we need a 3 bed as we have two children of different sexes) in a cheap area of where we…
Standard Life Maturing Policy - Maturity Bond or Not?
My Standard Life low cost endowment matures next month. As expected it is significantly short of the target amount. Standard Life says : " an option allows me to reinvest with Standard Life through a Maturity With Profits Bond. However, membership in respect of my old plan will stop at maturity. If I reinvest through a…
Should I Pay Off My Mortgage?
Hello all, long time lurker, first time poster - I'm looking for some advice: My wife died three months ago. I have received £38,000 from a Mortgage Protection policy. I also recently received £10,000 for a mis-sold endowment policy. This brings my total savings to £67,000, all of it at the moment with Nationwide - £58,000…
Joint Ownership
Hi, We are in the process of buying a property however to simplify matters (my wife is an IT contractor), I have applied for the mortgage in my own name only. We are married in community of property (South Africa) and would like to know if this affects her ownership rights in any way? Thanks.
Re-mortgage - Payoff or Not?
Have re-mortgage on own home of £30,000 paying interest only of £120 pm and £155 into an ISA. Am about to come into some money. Should I pay off the mortgage (and keept the ISA going) or should I just invest the lot and keep the mortgage going?
Insurance for an offset mortgage...
Hi! Apologies if this is not in the right board. I have an offset mortgage and currently owe around £67000 on it. To pay for my wedding next year I expect to up that to the thick end of £80000. When I took it out I was paying into a motley assortment of ISA's and endowment policies, which we reckoned would pay £30000 after…
A&L Mortgage question?
My 3.49% fixed rate ends on 31/8. Only owe just under 25k. when i called them to see what they could offer after that date I was told the only product they could offer me was the 5.5% (boe base rate+0.75 tracker) for the remaining term of 8 years. Is it worth looking for a better deal bearing in mind the low amount and…
Adding to the Mortgage
Hello, We currently have a slowly dying car and are considering buying a new one around Christmas time. However frankly we have insufficient funds, but could easily afford to add a few more pounds to out mortgage for a car. We where wondering if this is possible. We have about a 56000 mortgage and a house at about 105000;…
Fixed Rate / LTV up to 100% challenge
I'm encouraging a colleague to remortgage. Can anyone recommend a 2 year fixed rate, with nil cost fees, better than 4.79% (what she has for another 12 weeks), but with an LTV up to 100% (96% to be precise)? We'd be grateful for your help.
Do I sell my endowment or just cash it in
I have an endowment policy which I need to cash in - do I sell it - and if so how - or do I just contact the Company and take the cash value. I need the money as soon as possible! Please help? Thanks, Pinky
Advice Needed Before 3pm!
:mad: Well I was happily plodding anlong with my little life, and seeing to 3 children in the garden, today when the phone rang! It was a saleman from a finance company, I normally have no time for these people and cut them short, but I don't know what happened today and I couldn't get a word in, before I knew it I was…
Conveyancers Sites & Costs
Can anyone advise on reliable cheap conveyancers, point me to websites? We am remortgaging with the added complication of me being added to my partner's current mortgage. Anyone any ideas of cost (£50k mortgage approx).
A&L or Nationwide for my next fixed deal?
Currently on Nationwide svr at 5.99%. 54K mortgage with 18 yrs to go. Interest Only. I'd like to take advantage of a 2-3yr fixed rate offer. The A&L 2 year Fixed Fee Saver looks suitable at 4.74%. My sums tell me this would be better for my circumstances than their 2yr 4.24% "with fees" deal. Do you agree? This looks…
Overpayment/offset mortgage advice please
Hi I have a mortgage of about £135,000. House is valued approx £200,000. My mortgage is currently with Nationwide (actually split between 2 x 2 year trackers running out of sync due to a house move and already having a a tracker running at the time). I have inherited approx. £40,000 and my original (uneducated fincially!)…
borrow out of mortgage
i not sure if this is in the right place and sorry if its not, me and husband have 16k on credit cards and a loan and need to do some work in house to finnish it to allow us to move, have thought about taking 20k out of equity on the house we have any ideas on this please?
Anyone know a better deal?
I live on a newly built Dutch Barge Iron Dutchess, I have a marine mortgage with RoyScot Larch (they were all that seemed available at the time). The interest rate is 9.5%, the loan amount was £60,000 for which I pay £626.53 a month. Is there a better deal out there that anyone knows of? TIA.
BoE August Meeting - Effects on Rates / Timescales
I am in the process of tying up a new fixed rate deal to kick in from September 1st. I have been monitoring the rates on offer and note that many lenders have reduced rates further in the last few weeks, to the point where I am tempted with 4.79 fix for 5 yrs (Intelligent Finance). My question is, to those of you with a…
Is your A&L fixed rate about to end?
then think about switching to their boe base rate+0.75 (5.5% currently)for the time being. It is completely free to switch with no tie-ins at all. Then you can wait for a another really good fixed deal to come along!
IT Contract Having Problems Getting Mortgage
Hi guys, long time listener, first time caller. I was wondering if any one could help me with a complex mortgage problem. I work as an IT Contractor, using a limited company structure, taking a wage, expenses, a directors loan and some dividends. I own 33 1/3 % of my company (i.e. there’s three shareholders). I'm currently…

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