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endowment compensation??
Before all the trouble with endowments, we converted our mortgage to repayment & paid it off 4 yrs ago. We kept the endowment ( taken out in 1989)as investment. We have had 2 "red" letters now informing us of a shortfall of £5000 (@6%) As we had paid the mortgage off, we have not done anything about it. However, we have a…
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Divorce and Mortgages
Currently going through a Divorce which will leave me £12-£15k in debt. Moving back with family. Can anyone help with advice on whether its best or more advantageous to get a consolidation loan before I apply for a mortgage, when I get a mortgage or after I get a mortgage. Will start looking for a somewhere to live in…
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Crystal ball needed
I need to remortgage. But should I plump for a fixed rate of around 4.3-4.5% or go with a tracker at about 4.74%. The question is, are interest rates going to go UP or DOWN over the next 2 - 3 years? What do you know?
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Will i get a mortgage ?
Hi Guys, A quick bit about my situation.I am 46 married and my wife is 42.I am self employed and earn approx £25000 a year my wife earns £10000 per year. I have just complteted a 5 year I.V.A. with no probs or missed payments etc.I now owe nothing and have no outstanding ccj etc. My wife has a perfect credit file and the…
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Being added to mortgage
I was not added to the mortgage when we moved (long story). The mortgage company say no cost to add me but told my husband I need a letter from a solictor. Ummmmmmmmmmmm I don't understand why. Can anyone shed any light on this. This seems very strange to me. Or am I having a blonde moment and the reason are very obvious.…
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Remortgages
Hello can anyone point me in the right direction to a fab remortgage deal for a low mortgage of £34k with no fees like a fixed one but willing to pay a slightly higher rate to avoid fees, my current bank Royal bank of Scotland fixed rate of 3.99% finishes at the end of this month and they want to charge me owith a fixed…
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Help Needed Plz, Renting And Buying New House
HI Myself and my family are looking to move from our three bedroom house to a new 4 bedroom houses. We current have an endowment mortage on the propery 15,000 (10 years left) with the house valued at 120,000. We are looking to buy a 180,000 house. We do not earn that much maybe so we just want to find out if we can: lend…
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Crap Endowment: pay or paid-up?
Hello everyone, I recently received a 'red' letter in relation to my old Scottish Amicable endowment policy. I have already explored the mis-selling avenue, but no joy there. Anyway, how can I decide whether to continue paying the premium or make the policy 'paid-up' and put the premium into an alternative investment? What…
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advice please
hi eveyrone, i need a bit of advice on buy to let mortgages, i own a flat worth app 230k remainder of debt 107k got a flexi tracker mortgage with woolich fixed until sept 06 with no tie ins, mortgage is £670 per month. also have a 25k draw down facility incase of emergency's, there is 20 years left on mortgage. was going…
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mortgage help/recommendations please..
I need a little advice please from a MSE Mortgage Advisor. I would very much like to sell my property/our home to my wife as I myself have an adverse mortgage on a high rate through future mortgages - Mortgage 40k, valued at 80k. My wife is the main earner with no adverse credit history earning 27k per annum. My first…
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Endowment Surrender??
We have an endowment with Legal and General since 1999. The guaranteeed sum assured is £114000. Payments are 224.48 per month. We have had a letter from L&G to say that there is a significant risk that there will be a shortfall on the plan.(matures 2024) I am also about to loose my job and we will find it difficult to make…
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taking equity from house, renting it, and buying another?
How do my partner and I do this? We have a property each and would like to release most of the equity in these to put towards a home together, renting out the other 2 to cover the mortgage. Someone told me we should change the 2 mortgages from repayment to interest only if we're doing this. Is this right and what does that…
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Help Please - Is It Worth Switching Mortgage?
I'd like a little help please from you financial experts on this board. I currently have a mortgage with the Halifax and the outstanding balance is just under £30,000 with a little over 15 years left to go. It is at the SVR of 6.75% and costs me £258.89 per month currently. There would also be a £165 fee for 'admin' and…
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Are "offsets" good for early repayment?
Are offset mortgages a good way of avoiding early payment penalties. Say the amount owed is £100 000 and then I was earning at a good rate and put £1000 a week in the account on top of the payments taken out for the mortgage, then after a hundred weeks there is £100 000 in there, can you just say right take that and thats…
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Ambulance chasers do worse than individual complaints
The Scotsman "...the Association of British Insurers reveals that those of us who have been warning that using endowment ambulance-chasers is a bad idea have been giving good advice. Not only will they take up to half your compensation, but they are not that good at winning anyway. During the first three months of the…
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Newcastle 2 year fixed @ 4.22%
Apols if others have posted this. Fixed for 2 years, and there doesn't seem to be any overhang once the fixed rate is up.
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Abbey Compensation Timeframe
Abbey Compensation Timeframe Hi The Ombudsman has managed to get Abbey to agree to mis-selling of my endownment policy. Does anybody have recent experience of what length of time Abbey take to come up with a figure?
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Can I claim for mis-selling on an endowment policy?
I wonder if anyone can cast light on this because I honestly don't understand the issues that well. Back in 1988, like a lot of people I was struggling to find a mortgage (eventually ended up in negative equity, usual story). I was buying with two friends. The estate agent offered to find us a mortgage and as we were young…
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mortgage with no early repayment charges
Can anyone recommend a good mortgage with no early repayment charges. Basically I inherited a house that has a 60k charge on it (money I owe to council so that I can own house). The house is worth over 200k but I may look to sell in 2 years, pay mortgage off in full and emigrate. Can anyone recommend any good deals they…
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Mortgage help please.
We took out a mortgage with the Chelsea 2 years ago.We bought our ex council house for £45000 and repayments were on a low interest rate for 2 years with payments of £239 per month.The low interest period is up next months and we`ve had a letter saying that interest will now be charged at the Chelseas base rate of 6.7%…
