-
Sesame rejected my claim (eventually) - is the ombudsman next?
Morning everyone, I put a claim into Sesame nearly a year ago. Eventually, after multiple letters and information provision, letters from Sesame going to a very old address and me chasing them a lot, I've received their response. They've rejected the claim on the grounds that they were not present when the advisor gave the…
-
Cost per click website promotion
Hi to all mortgage brokers using this site. I am looking for a bit of feedback, as I have just gone into business as a broker couple of weeks ago. As ever with a new business things are a little slow at the moment, and I am wondering if any of you use cost per click on your websites? I am currently considering this but its…
-
turned down for a mortgage??
last year my partner and i decided to switch mortgage companies, and we were planning to switch from our current lender to alliance and leicester, neither of us had ever had any problems with credit before. have only ever made the odd late payment, no ccjs or anything like that. but we were turned down by them. never…
-
Should I Pay Off My Mortgage Or Not ?
Hi i am 40 years of age and i am looking for some good advise, i have recently come in to some money and i dont know if it would be advisable to pay off my £58 k mortgage or not i have only had this mortgae less than 1 year and still have 19 years left on it.or should i save or invest ?
-
first time buyer help
first visit back for a while. good to see the site still going strong need some advice. im an FTB with no deposit. have some savings but will probably need it for fees. low salary just now so can borrow up to £50k only, which is enough to get me a property on the outskirts of glasgow. got some quotes on both interest only…
-
Advice re Mortgages please
On a day off from work and looking at Mortages, none of which I understand. I currently have an Interest only Mortage with the Halifax which is in mine and my ex partners name. They will charge £500 to take his name from the Mortgage. My current interest rate is 6.5%. I rang the Halifax to ask about changing to a repayment…
-
Endowment Compensation Offer
Hello Everyone, Please bear with me as this is my first post on this, or any other, forum! My problem is that I have 2 endowment policies which have predicted shortfalls. I complained to the FSA in 2004, and was told that the one was not eligible (started in 1985), but that I could make a claim on the other. I did so…
-
Repayment mortgage and Savings interest rates
Interest rate calculation of repayment mortgage and bank savings account, are there any difference? E.g. if I earn 5% interest rate from my savings account, and only pay 4.5% interest rate for my mortgage, am I better off not to pay back my mortgage early? Thanks :rotfl:
-
Extra Cashback?
Hi all Currently looking to remortgage and wondered if anyone knew of providers who offer extra cashback or better deals to people who hold other accounts with them? e.g. Alliance & Leicester give £250 cashback on their mortgages if you have a current account with them. Cheers
-
mortgage compensation
Last year the financial ombudsman found in our favour for a missold endowment policy. Unfortunatly the financial advisor sold on his business and didn't leave a fowarding address just as the decision was made. We have managed to find the advisors home address and new business address, but are unsure what to do. The…
-
Which way??
Could someone please help me in deciding on which way to go about purchasing a property. May be a little long winded but please bear with me. I'll give you a little background first. I was hoping to buy a property around the £80-100,000 region to BTL however my single wage is only £21000. I live with my partner and the…
-
Where have all the good deals gone?
I am on my 4th mortgage deal in 6 years, previously I have always paid at least 25bp under BOE base rate including all upfront/valuation/legal/sealing fees on discount products. This time the best product I can find is costing me 18bp over base for the next two years - does anyone know why the market is less competitive…
-
Residential vs BTL mortgage. What is legal?
I want to buy a house for my student daughter to live in and share with three friends, who would pay rent. When I posted on here before I got three replies from people who had done this, saying it could be bought in my daughter's name, with me as guarantor, on a residential mortgage. I have just spoken to a whole of market…
-
Norwich Union Endowment-Should I sell it ?
Hi, I have recently started reading this forum, and find it very useful. I would really appreciate anyones views on if we should surrender a couple of endowments we have with Norwich Union, and use the cash to pay off existing loans and reduce the mortgage. These endowments were originlly set up to pay off £59135 in total.…
-
mortgage and DMP vs bankruptcy
I am looking for some advice regarding a mortgage. I currently have a DMP with CCCS, 6 months into an eleven year plan, paying back £41 000 at £360 a month. A family member has asked if I would be interested in purchasing the house I rent from them. They have offered me the house at two thirds the market value (currently…
-
Endowments What are my options
Hi can anyone give me advise. I have two Endowments one for 35000 and another for 45000 to cover an £80,000 Mortgage. I have 13 years to run before the Endowments mature. Should I sell the Endowments and get a Repayment Mortgage or hold on to the Endowments. I was looking at borrowing more money say 20,000 for home…
-
Averse CRedit Mortgage Interest
What is a typical interest rate for an averse credit mortgage?
-
Mortgage question
Imagine someone who is not able to get credit anymore and who certainly couldn't get a mortgage if they were to now apply for one. They do however have a mortgage on their current property but its too expensive. The mortgage is also in joint names. The property is up for sale due to inability to afford payments. They wish…
-
Mortgage after divorce?
House bought in joint names 6 years ago - 28K 20 yr mortgage plus 10k deposit (yes, cheap house), joint mortgage. House now worth around 85K and mortgage paid for the last 6 years. Husband left, and I've paid the mortgage for two years. We're about to divorce, very amicably, and I want to buy him out. I plan to get a new…
-
2nd mortgage
Hi everyone, first time posting and am not sure if my query is too specific, but thought Id give it a go! Last year, I bought a house with my friend, mortgage through Northern Rock, paying interest only as we were thinking it would be a short-term thing (but rather than waste money on rent, try and make a tiny bit from…
