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Question on self cert mortgages?
I was told in the past that self certification mortgages can not only look at income (just dont ask as many questions) but also may take into consideration any other monies which may be coming one's way . is this definitely the case? thanks in advance.
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Endowment surrender advice, please
I wonder if anyone can give me some advice about my endowment as I really dont know what to do for the best. We have an endowment with Legal and General since 1999. The guaranteed sum assured is £114000. It is a managed fund. Payments are 224.48 per month. We have had letters from L&G to say that there is a significant…
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Help! 12 month, lowest rate deal needed
Hi all I'm just coming to the end of a 3.59% fixed rate and need to re-arrange the mortgage. I'm looking for the best short term deal, up to 12 months, with no tie ins because I'll need to increase my mortage in a years time. Can anyone help?? Thanks in advance
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Part-Exchange - 95% Mortgage
Hi Everyone I am currently offering my house in a part-exchange for a new property. How does applying for a 95% mortgage work on a part exchange? Do you get 95% of the full value of the property you are buying OR do you get a 95% mortgage on the remaining amount to be paid on the new property minus your partexchange value…
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credit card v remortgage
I read above in the offset mortgages post of a man who I quote: "one other point is i did a super balance transfer on a credit card and the funds are also in the offset account saving me money as i pay 0% on it and keep switching it" borrowed money on a credit card to put in his current account to reduce payments on his…
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Interest amount on mortgage
How can I find out what the monthly interest payment is on my mortgage. Not the rate, but the actual amount I am paying. Is this something I can work out myself or should I ask the bank?
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100% Mortgage on property
Hi there, I'm hoping someone may be able to provide some advice for me. I'm currently trying to get a 100% mortgage but my situation is a bit strange. My partner and I don't have any kind of deposit and we have quite a bit of debt. My partner's parents own a flat worth £170,000 but have said they would like to sell a share…
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Would Mortgage companies allow this?
My mother in law is currently looking at buying another house and taking out £30000 over 15 years as advised by a financial adviser, however her husband retires in 7 and then they will be on a basic state pension, would a mortgage company really give them a mortgage over 15 years? Do you know of any that would (he's given…
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FTB-Questions Accord 10 year Fix
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Allied Dunbar Endowment
Wondered if anyone can help? I took out a Home Owner Plan in August 2000, paying £115.55 per month to pay a mortgage of £45,000 over 20 years, maturing when im 50. it is 100% managed fund. However im recieving the significant risk letters and dont want to pay in amounts to get a small return. Also last year i swapped over…
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85% LTV based on valuation mortgage
Im looking for a 85% LTV mortgage based on valuation (not agreed price) and where the borrower is a ltd company registered in England. The rental coverage is over 130% of the valuation. just wondered if such products are available
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How does it work?
I am thinking about getting the "one account" mortgage in the future. How do you actually overpay every month so that the term is dramatically reduced? I would have a surplus of about £1300 every month,and would like to pay this amount off the capital except when going on holiday and christmas etc. So,would the mortgage…
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Does anyone remember a free valuation link from this website?
It was advertised here as "find out what your neighbour paid" - but just want to doubleckeck my own quote (and don't want to pay for it). Any ideas? Thank you!
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Help with mortgage
Hey, Before i start, let me just say that i know absolutly nothing whatsoever about mortgages and most financial things! Ok...so i dont want to rent as i know i will just get stuck in the rut of renting for years - so i was considering maybe buying a small flat? Here is the problem, i am only 20 years old and earn a…
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How best to use a lump sum
My 2 year fix with Nationwide comes to an end at the end of July and have re-fixed with them at 4.39% for 2 years. I have been fortunate to have inherited a lump sum of around £30k and intend to pay that off the mortgage. Doing my sums, this will cost me £600 in repayment fees but save me (net of fees) £2000 over the 2…
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Staff Mortgage @ BOE Base Rate
I am entitled to a staff mortgage at BOE Base Rate for the life of the Mortgage (4.75%) and will be moving from a First Direct Offset (5.75%) as I have now used up a large chunk of my savings so the offset is no longer good value. I know some fixed rates are better but I am not too keen on moving mortgages every 2 years or…
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How Does This Mortgage Sound?
We are FTBs so are very new to all the mortgage and homebuying stuff. I am very good (I like to think) with finance matters so understand most of it. We have made an offer on a property (waiting for acceptance), and have a mortgage approved in principle from our bank (HSBC - they seemed the best on raw figures and we bank…
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Complaint Upheld, but no compensation??
I received a phone call from The Bank of Scotland to tell me that they upheld the complaint on 2 counts on my endowment policy. However I am not entitled to compensation, because I have signed the policy over to my husband. As you can imagine I am fuming about this. The policy is still an endowment on my life and I have…
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Endowment - What should I do next ?
Today I received a letter from Friends Provident regarding my endowment shortfall. They explained that it is not possible for them to investigate my complaint any further as the policy was recommended to me by an 'Independent Financial Advisor'. They are basically washing their hands of it and saying 'nothing to do with me…
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Paying large deposit to the Solicitor/Conveyancer - Is this 100% safe?
When buying a house, the money (both your deposit and the money from the mortgage-provider) follows this route: Buyer > Buyer's solicitor > Seller's solicitor > Seller So at any one time either one of the solicitors has funds to the value of the price of the house in their account. What protetcts your money/interests in…
