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Help please! Can I get a mortgage?!
Hi, I'm new here to all of this. I'd love some advice on what I could do! I would like to get a mortgage of around 130k. My income is around 25k and unfortunately I have unsecured debts of around 25k :( I have no deposit and noone that I could get a joint mortgage with....... Now I've done some research and I'm aware that…
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Can I change mortgage before exchange?
We just had our offer accepted -hoorah! We chatted to a mortgage advisor (L&C) a month back and worked out what mortgage to go with, how much we could borrow etc. The vendors have yet to look for and purchase a property, so I assume it will be a couple of months wait (although hopefully not) for them to find somewhere and…
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Misselling of Endowments
I am currently at loggerheads with the FSO regards complaint of misselling of endowments.I get the feeling they are far from impartial and indeed tend to lean in favour of the firm. I wish to complain about the conduct of the FSO advisor and their less than impartial investgation involving my case. It is not quite…
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Policy Misselling
Having read some of the other postings can I explain my situation and perhaps get some advice on my next step. In 1980 I decided to buy a house, and I can tell you that at that time and especially being single, getting a mortgage was like going for a job interview. At one of the houses I viewed the vendors told me that…
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Should i get my house revalued?
Daft question, but would having my house revalued (we've done a considerable amount of work since we bought it) make any difference to my mortgage interest rate? And would it be worth doing?
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Using a mortgage to pay off existing debt
Does anyone know if this is possible? I am halfway through my second degree which is being funded via a professional loan (HSBC) of £25k, having been an undergraduate once before i also have a "standard" set of debts from those days which are slowly diminishing... I am quietly hoping that when i get round to buying a house…
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Name and Address Proofs
I am getting increasingly frustrated with the tunnel vision of banks and Building Societies. All of them are pushing us towards Internet banking and paperless statements, yet when it comes to applying for mortgages or loans etc they need to have 'originals' and paper statements. I am making an application for a remortgage.…
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Terrible service from Halifax on Re-mortgage
I'm an existing Halifax customer looking to remortgage and free up some equity for home improvement. I settled on a good fixed rate deal from Nationwide, but first contacted Halifax for the exact amount currently owing to them. I got through to Halifax who were keen to hear about the deal I was contemplating. I was asked…
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Endowment miss-selling UK Relations Limited
Does anyone know if this is a reputable company they have offered to pursue an endownment miss-selling claim for a fee of £19.95 plus 25 % of any compensation received.
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How is my endowment getting worse?
I wonder if one of the financial whizzes on here can explain this. I have just recieved my first red letter about my endowment policy. I have a unit-linked policy that is performing very poorly. It was supposed to make £30k, but highest projection now stands at £20k. Current cash in value, after 12 years, £5.5k What…
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Over payment
Hi, I have followed this site for a while now and have just registered. If possible I would like some information please. I have just remortgaged (with Abbey) and would like to take advantage of the 10% overpayment facility.( It says per month not per year in the paperwork allthough It doesnt say how to do this). What is…
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endowments
whats the first thing i do or see, to see if i qualiffy for being miss sold an endowment & is it true if it's with profits endowment it can only be sold back to the bank you got it from, can you still claim for miss selling of an endowment after you have sold it. thanks ewan 3
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REmortgage approved but not required now
Hi all The situation is this: Remortgage was applied for and approved and arrangement fee paid. This money is now not needed. How do I stand? Do I have to take the money? There are early repayment penalties on this mortgage so cant simply repay the money borrowed immediately. Would prefer just not to proceed. Is this…
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Analysing my Finances to Move
I was unsure where to post this, in either Mortgages or House Buying. Anyway Im approaching 25 and last year I set myself a target to have moved out from my parents house. I have a fulltime steady job, been in it for over 5years now , Clerical Officer. I am at the top of my grade &so the only increase will be via annual…
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Mis-sold endowment
I need help and support in sorting out a mis-sold endowment, any advice on where to look would be greatly appreciated. My 25 yr term is up in 2007. At my wits end and don't know how to go about this. Kate Coyne
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Help with Remortgage?!
Hi, I am looking for advice. My home is currently worth approx 390k, my mortgage is 180k. I would like to borrow a further 180k to buy another property with a view to doing it up and selling it on. Ideally I would like to buy the 2nd property outright which would enable me to put it in a family members name to avoid…
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Mortgage Now under £10,000 is it worth transferring to a loan to secure the house?
After applying many of the MSE tips my mortgage is now sub £10,000 at a variable interest rate of 5.7%. I currently have an offset type mortgage and wondered is it worth taking out a loan to pay off the mortgage to secure the house. (Incase my husband lost his job or something else financially unexpected happened?) e.g. if…
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4%, 6%, 8% - What stock market rate is it now ?
Over the past two years the stock market has been rising steadily. Endowment polices are based on 4, 6 and 8 % growth projections. What was last years growth, greater than the above ? What is the current growth rate ? I think endowment polices should be doing better now, the stock market is doing better. ANY ONE KNOW THESE…
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Equity release to offest other debts
We've currently got a mortgage for £80,000 on a house we bought for £85,000. The house is now worth in the region of £140,000 but the last time we had it revalued for a fixed mortgage 2 years ago it came up massively undervalued at £92,000. I know house prices are good because the house next door to us just sold for…
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Shared Ownership Problems
I am currently trying to buy a property on shared ownership with a Housing association, but I have a problem. My girlfriend and I are both self employed, and we were looking for a self certified mortgage, but am told that such things do not exist for shared ownership properties. More details: My girlfriend and I have a 10%…
