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Can I get a mortgage that is more than the price of the house?
Hi all, I currently own a £450K house in the subburbs which has approx £50K remaining on the mortgage. My Salary is £95K My original plan was to buy a city apartment after the house is paid for. However I am now very keen to get a flat immediately and have seen one for £250K. My question is: can I get a Mortgage for £300K…
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Save Money When Redeeming!
There are a lot of people who have
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Do all independent financial advisors charge a fee?
Hi The last time we used one of these was 3 years ago when we moved to our present house, and he arranged our mortgage and sickness policy. He did not charge us a fee. Our fixed rate is just coming to an end so we called out the financial advisor again, however this time he told us that things have changed, and he is now…
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Mortgage advisor problems
Ok so we were told on the Tuesday we would know by the that Friday if it was succesful. That was two weeks ago and we still dont know. I have phoned them twice now and had no reply. So I rang the people who keep sending us letters re the application and they said they dont know as its the mortgage advisor that has the…
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Confussed
I have messed up my mortgage in the past and now need so straight forward advice. Brought a flat 7 years ago, I was 20, didn't know what I was doing. Advised to take out a 7 year fixed at 7.9% :eek: with the Abbey and an endowment plan. Moved 4 years later taking very high mortgage with me and topping up to buy house. 1…
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Ombudsman decision final?
Is it possible to make another complaint about an Endownment policy due to changed financial circumstances, even after the financial Ombudsman has made a decision a few years ago? My parents took out 2 endownment policies back in the 80/90s I think, one for the mortgage (and expected it to pay it off fully) and the other…
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Chelsea mortgage deals - Shhh?
4.65% fixed rate 5.49% self cert How do these deals compare with the competition? I only ask because the Chelsea have a £200 offer if you "recommend a friend" who takes one up. Should MSErs keep their mouths shut?
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how do I claim for my standard life endowment shortfall
basically, I want to know whether it's better to do it myself or ask a firm to do it. I know you have to pay for their services, but would a firm get better results? also, if I was to claim myself, where is the best place to get advice? any ideas would be gratefully appreciated
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Selling With-Profit/Unit Linked endowment
Hi All I have a Prudential (was Scot Am) Unitised With-Profit & Unit-Linked Funds endowment, bought in 1994 with my mortgage. For various reasons, I no longer have the mortgage, but I do have debts, and I wondered if/how to sell the endowment to help with the debts. I phoned one company who dealt in selling endownemts, but…
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Please help: redemption penalties!
I sold my house at the end of April and redeemed my Abbey National mortgage with a redemption penalty of about £2400. Before the sale, I contacted Abbey who reassured me that if I took another mortgage out with them within three months of finishing the old one, they would refund my penalty. We found a house to move into…
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Financial Advisor never even opened her bag
I had the financial advisor round today for some FREE advice. I produced my current Nationwide Mortgage papers for starters. She told me that the best thing I could do was to go into Nationwide and broker a new deal. Apparently they are the best on the market and all she could do was to sell me the same thing but with her…
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Mortgage ideas
Hi, Having consulted some mortage mags and the moneysupermarket site, this first time buyer is hoping for some recomendations from the knowledgable folk at moneysaving :) - Looking for a mortgage of about 250k, and this is after 15% deposit. Don't want/need cashback on the mortage - want the ability to overpay/flexible…
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Remortgaging with Northern Rock + Endowment Question
Hi. I am coming to the end of my mortgage deal with Northern Rock - 1st October. Been with them 7 years, switched to a repayment deal 2 years ago and paid hefty fees then. I have a balance of £50k and want to add £15k to the new loan amount for an extension. They have quoted me several fixed rates based on 2 year and 5…
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Mortage decisions
Hi, I have some decisions I have to make soon and any advice would be appreciated. My situation is I own a leasehold flat with 65yrs left on the lease. I have a 75K mortgage on the property and I have to repay the deposit I borrowed off my parents which will be 50k. The value of the flat is approx £130-140k. Its location…
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Changing from a repayment to an interest only for 3 years good idea or bad???
We are in the process of changing and increasing our mortgage. Its currently a repayment mortgage, but we are thinking of changing to an interest only mortgage for a short time, between 1 and 3 years. Ive always been advised to avoid interest only mortgages and Im not sure what to do. For the next 3 years I will be…
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Remortgaging Caution - monthly interest
Be warned... When remortgaging, some building societies that calculate and charge interest on a MONTHLY basis, make life very difficult for borrowers. Even though buried within their Terms and Conditions, this for me was never adequately explained. So now, in deciding to change mortgage lender at the end of my fixed rate…
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First Time Buyer
Have just decided to buy my council house, get 50% discount. Do not have a clue with mortages and how to go about it. I have 2 months in which to close the deal with the local authority. Could anyone give me advice on how to get the ball rolling and find a good deal. Have a royalties account with Royal Bank of Scotland…
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Mortgage help please
Hi I have a mortgage at the moment for my current property. I'm looking at selling up at buying a bigger property. What I would like to know is what companies offer the best multiples of your income to calculate the maximum mortgage? Are there any compainies that don't base it on multiples and do it on affordability?…
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HELP: (Un)Intelligent Finance!
In a nutshell... My soon to be ex-wife and I split up and I bought her out of the house. I was advised by IF that to remove her off the mortgage and let the Land Registry know would cost me £400 and take six weeks tops. I said okay and asked for the paper work. When it arrived I had a queation and phoned IF up. Who told…
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West Brom Fixed Rate
My 2 year fixed mortgage with Coventry BS is coming to an end in September. West Bromich BS have a 2 year fixed rate at 4.99% with no arrangement fee and all fee's paid. The local Birmingham branch are also giving £100 cash or £125 House of Fraser vouchers with all new mortgages or remortages. What do you think of this…
