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Successful endowment claim but...
Winterthur Life have upheld my mis-selling claim but have asked how I want the compensation worked out. I have two choices. They state:- 1) "We can calculate any loss by using your exact mortgage details, i.e. making allowance for any change in lenders or special deals that you may have had, or 2) we can use the assumption…
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Holiday cottage mortgage
i am in the process of buying a cottage which will be a holiday cottage and will let out, any advice of which lenders to approach as i understand not all will consider this type of loan, i have been offered rates at low as 4.3% fixed for 2 years, this is via a broker not sure which lender this would be? :o
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Endowment
i have an endowment should make £60000 not using it for mortgage anymore,still have 17 years to pay.should i keep it or sell?
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Want to borrow £300000!!
Help - Can I do this? Want to buy a small house its £300000 in London Have £20000 deposit. No debt. Income of about £50000 per year. Does anyone know who will lend me this on interest only? Many thanks
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Bad credit, good deposit. 5.9% good rate?
Hi only my second post so go easy on me! My partner and i have decided to buy a house together. I have had bad credit in the past.(defaulted on cc subsequently paid off in full, and then missed payments on other cards and things like bt sky) this was whilst living in my own property ( since sold at a profit) We have a…
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are discount mortgages usually lower than a fixed rate?
ive got a quote from a broker and the discount option is exactly the same as the fixed rate. i would have thought that the discount rate should be lower than the fixed rate hence the name of it. they are both set at 5.19% (0.69% above base rate) i understand the way they work and its a gamble with the discount but after…
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mortgage query
Hi I was wondering if anyone has any advice on the following:- I myself have a CCJ against me from 2years ago and I applied for a voluntary administration order to prevent further, although I am nearing the end of ths my credit rating is not very good. However my partner has a good credit rating and always has. We are…
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Just got a quote for a Buy To Let from a broker? need a little help
Hi ive just got a quote for a buy to let mortgage from a broker. ive got a quote for a fixed mortgage with first active for 2 years at 5.19% (feees arnt writted down here) i also asked for a quote on a discount mortgage and i was told "The discount rate is the same as the fixed 5.19 %. i.e bbr +0 .69%. fees are the same…
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Standard Life endowment mis-selling help required
Hi I'm thinking of putting in a complaint (or two!) regarding the Standard Life endowment policies I have. Your advice would be much appreciated... Myself and my girlfriend took out a SL policy when we bought our first property in 1990. The mortgage was with the Halifax and the HPS advisor told us an endowment was best due…
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Can i get out of this?
In dec 2003 (before MSE days!) i took out a cashback mortgage with Chelsea. I would like to change to an offset or flexable mortgage in the future,but i am tied to Chelsea until dec 2008. The only option,which i can see myself doing,unless there is another way,is to pay them approx £2600 as an early repayment charge. I…
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small mortgage or is loan a better deal
would an offset mortgage or a loan be the best way to go or a flexible mortgage. house value £48000 remaining mortgage £24000 savings £10000
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Predictions on the BOE next move?
Ive heard/read alot of totally different predictions on what the BOE will do next, what do everyone on here think will happen next?
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Best Mortgage to Buy Out Share of House
I am currently living with my partner (have been for 8 years) and jointly own a property outright worth £130,000+ where my husband lives. For those of you who have seen previous posts by me you will know that I was considering selling up the marital home or getting a BTL mortgage on it. Things have now changed and my…
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Pay off mortgage or not?
I am 57 years old and am thinking of paying off my mortgage. I then intend to put the available income into a high rate savings account and am quite keen to purchase another house in the not too distant future as buy to let. Even though I have considerable equity, could afford a good deposit and would have income to spare,…
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student mortgage?
Hello, Just wondering if anyone can offer some advice for Phd students getting funding from universities to complete their studies. I'm starting mine this year and I want to extend my borrowing on my current mortgage. I owe about £24500 and need £15000ish for repairs. I'll be on a 3 year contract with the university, but…
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London & Country gave me very poor advice
After seeing London & Country mentioned on this website I contacted them to help me choose a mortgage - I had very specific requirements (no early repayment fee etc). They advised me to take a mortgage from a building society with an APR of 6.5%. I consulted a number of lenders directly, with the same requirements, all of…
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UK mortgage in NZ
With a UK morgage - if I move to New Zealand should I continue with the UK mortgage as NZ have the highest rates in the industrialised world? Or should I get a new mortgage in NZ?
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why use fixed rate mortgage?
Hello, I have a question. Why lots of people perfer a fixed rate mortgage? The rate is quite high (more than 5 in most cases I saw). Those variable rates have much cheaper rates for the first 2-3 years, and after that, we can always switch. So why use fix rate mortgage? I am confused. Thanks Jerry
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First Time Buyer
My son at 20 years old is looking to invest in his first property, he has just came out of 'his time' and is now earning £41,000 per year. The down fall is that unlike his mother, he has no ability to save and is hopeless with money. I know it is a mine field out there in relation to mortgages, but there must be basic…
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FTB Confused about mortgages
Me and my fiancee want to buy a house. There are three options for a mortgage. * Interest only * Home start * Capital repayment. What are these and what is the best options for young (25 & 26) first time buyers. Also can we get a 100% mortgage and what are the disadvantages to this.
