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How should I ask for compensation to be calculated??
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…
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What If?
We started a new mortgage with national Provincial in 1988, As we had a previous endowment we used this along with a new endowment sold to us by N&P. (both Standard Life) In 2003 the first endowment matured and we decided to use virtually the full amount including bonus of this policy to settle the mortgage. In 2004 we…
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cheapest Online conveyancing?
Hi all I am looking to purchase 3 properties very soon. 2 Buy to let and 1 as a first time buyer 100% mortgage deal. Anyone know of any good deals at present without an early redemption as i am looking to sell all three in a year. Just using it as a stepping stone to get on property ladder. More importantly, as i have 3…
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advice please
anyones advice would be greatly appreciated....... i purchased a property in 1988 and due to certain events sold it in 1997 at a great loss......the mortgage company i was with household mortgage corporation wanted their 25,000 negative equity forcing me into an IVA..luckily the job i am in has a house attached and i can…
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Credit Score - a Warning
I recently had a mortgage rejected at the last hurdle by Nationwide due to a poor credit score with Experian. I pursued this with tactical zeal as I have an account with Experian and they assured me there was nothing wrong with my history/credit score. Due proof was forwarded and Nationwide subsequently admitted that my…
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2nd Mortgage Question
Hello Could someone tell me please if when applying for a mortgage (a 2nd in my case) I legally have to tell the lender about my other mortage? The reason I ask is that I can finacially afford to have two mortages, BUT the amount the lender will lend me is a lot less when I declare the 1st mortage! Cheers, ZTH
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Equity release for retired parents
(If Admin feel this is in the wrong forum please feel free to move it.) My parents are presently sat on a fortune but struggling to enjoy their retirement. My sister and myself have convinced them, that we are both sorted and settled and we would want THEM to enjoy their money rather than struggle along and let us inherit.…
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Seperation -Help needed to get new mortgage
My brother is about to seperate from his wife. He is hoping to get about £40000 share from sale of his house. he wants to get a mortgage to buy a new house and talks about an interest only repayment. He is aged 58. Does any one have any advice about he can go about this or any other advice. Any help would be most…
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Need Some Advice Please
I need some useful advice please from anyone. I have a big problem My variable rate mortgage is due up in 5 years. I do not have an endownment or insurance to pay it off when it is up. The reason for this is that a few years back when I had a company, I was made bankrupt, not my wish, and had to sell the endownments I had…
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Most cost effective mortgage repayment method
Hello all, Just reading the various threads on this site is a fabulous form of guidance in a difficult financial world, however I thought that I might ask for advice on something a little more specific to my situation. I'm a bit ahead of the game but, my tie in with the Abbey finishes in June 2006, free after 7 years!!!!!!…
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Brittania Building Society/Alba Life
In March 1992 the manager of Brittania Building Society sold us an endowment policy to cover our mortgage. This we believe was mis-sold and therefore am going to write to Brittania accordingly. This aside the policy was passed by Brittania,where bonuses had been added to the policy, to Alba Life (without our aggreement or…
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Remortgaging to pay off debt
Im knew here so please be gentle with me ;) We have a small mortgage of £30,000 value of our property is roughly £130,000 (maybe a bit more). Im a student nurse and my husband works, I will qualify in 3 years, so dont expect any wages until then (although I do recieve a bursary). Our redemption penalty is up and we want to…
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Mortgage redemption penalty
Help needed! is it possible to reduce or avoid redemption penalties? I took out a mortgage with Amber Home Loans 18 months ago. This was a celf cert mortgage fixed for 5 years with an early payment penalty, which didn't bother me as I hoped to be in my house for many years. However in the last 18 months I was made…
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Potential bank of england rate decrease...
Hi all,- I'm sure it's been mentioned before but the 'experts' are predicting that the BoE rate will go down this week when they have their review... I have just had an offer accepted on a house and I'm doing the mortgage trawl... Should I wait till the review has happened before deciding or take action now and take the…
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interest only to repayment
just wondering whether its normal to be able to switch interest only mortgages to capital repayment ones (with or without a charge) im looking to get one with Birmingham Midshire but not sure on this matter.
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remorgage advice please
My first time so please be gentle. I am looking to remorgage [never done it before] and read somewhere that if you have only a small mortgage it is better to pay a slightly higher interest rate and less set up fees rather than go for the cheapest rate. Is this true? Ive looked on moneyfacts site and it has helped a bit but…
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questn of mortg and re-mortg
don't no much about this if i buy a house for £120,000 and give a deposit of £20,000 can i remortgage that house in 3 months time and buy another for £120,000 and again put £20,000 deposit down. or can you only remortgage once your house is free.
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Nationwide fixed 10 year deal
I have just been to see my building society regarding my mortgage and they have offered me 5.29 without reservation fee for 10 years. Should I wait to see what happens or take them up on this offer. I think we could be the mortgage off in about 13 years. Also NW said they could withdraw this offer at any time. Any advice…
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Endowment policy surrender
Going through separation with partner and we are selling the house. Endowment policy been running for 10 years from 25. Do some companys buy running policies for more than the originating companies surrender value? People seem to be giving me conflicting info... If so, which companys.. Thanks in advance.
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Can I use equity from 1 house to buy another??
I realise I am probably clutching at straws here but here goes. My dream house has just come back on the market.I originally offered the asking price of £65k in June 2003 (sealed envelope bids)and was unsuccessful.I was very naive back then and didn't really realise what was happening to house prices as we were cocooned in…
