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BTL mortgage for an Italian Citizen
I am asking this question for a friend. he is an italian national and mostly resident there. he visits the uk once a month on business though. how easy would it be for him to get a BTL mortgage (i.e. EC citizens) in the UK? He has the necessary deposit.
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Norwich Union Endowment keep or surrender
I need some more help please with a Norwich Union Endowment. I currently have a bank loan of £6,000 for which I’m paying £140.00 a month, at an interest rate of 6.99%. Would it be better for me to cash the NU policy in and payback the bank loan? I’m currently resident in the USA, where I have the bank loan, and at the…
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who to send letter to?
After using the link to write a letter of complain re a mis sold endowment I sent the letter to the offices of the financial adviser I used back in 1988 - he is now longer there - its the office of an the estate agent who is still there (and now another financial adviser). Should I have just send the letter to the (two)…
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Repayment Mortgage
I currently with Nationwide and am wondering if it is worth reducing my term from 18yrs and 7 month to 13yrs. The payments will rise by £80 to £485 a month. I would like to know if it would b possible to change to a cheaper lender as im being charged 5.89% interest. I want to go on a fixed rate for 12 months to 2 yrs…
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Good news on with profits in 2006?
The Telegraph Why does a policy maturing now pay out [9%] less than one cashed in 12 months ago when the underlying investments have generated a return of 17.7 per cent [in 2005]? ## - A good question. "For starters, the "smoothing" process of with-profits means that some of the returns will be held back in good years to…
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endowment policy help please
I have an endowment policy which was started in september 1999 with winterthur life and would like to know if i am eliable to claim if i need to?
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50 50 mortages
Hi Folks, does anyone have any info on 50 50/Shared ownership mortages, any tips pitfalls etc?
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Student Mortgages
Anyone know of any 100% mortgages that are appropriate/available for students. Or any mortgages at all that students could apply for/be eligible for. Thanks SH
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Overpay V Savings Quandry?
Hi all, recently found the site and is a real eyeopener!! My quandry is we have a repayment mortgage with 12.5 years to run and a fixed rate of 5.49% APR until Sept 08. I have spoken to the Halifax (mortgage) and we can 'overpay' 10% of the beginning of the years balance and the mortgage is calculated daily. The current…
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Mortgages and age question
A quick rundown of my scenario. I've been told I can get a mortgage for about £135k, plus deposit of 40k. Paying Interest only is affordable, however Repayment would see me a bit stretched. My mother has asked if she could get a joint mortgage with me, she however is 62. How much of a stumbling block would this be?…
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First time buyer mortgage after maternity leave
I will be going on 3 months maternity leave in May and after returning to work would like to buy a house (renting currently) with my OH. Someone told me that my maternity leave will count as if "I was out of employment" during my maternity leave and therefore will have to wait for at least 3 months before I should apply…
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I need a mortgage broker
Hi, i have a strange mortgage request. I spoke to someone at Regency Mortgage Corporation who said that if i want to help buy my partners mothers council house, that the mortgage would have to be in all 3 of our names ( my partner, her mother and me) but that the deeds of the house would have to be in her mothers name. She…
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Two years left on mortgage, is it worth paying more?
My mortgage finishes dec 2008- I have part endownment (over £5000 left to pay on this) and then a repayment (about £4500 left on this).. i do make over payments on the endownment mortgage but i could use some of my savings to pay a lump sum........ do i pay it off the endownment mortgage or the repayments mortgage??? does…
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Mortgage with 3 people paying?
Hello everyone, my first post here so please be gentle with me. :) My elderly Mother really needs someone with her 24/7, so my Brother, myself, and my partner are thinking of buying a house for the four of us, and splitting a fixed repayment mortgage 3 ways. However, the Building Society we approached (Nationwide) only…
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Help
Hi, I've been trying to reduce my monthly outgoings but am struggling to sort things out - I'm getting very worried. I have a Virginone account at the moment. The level is £135000 and a rate of 5.7%. I have an endowment which was taken out for £44000 but is going to fall well short of even that. I have spoken to Virgin…
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Getting a mortagage to buy a right to buy
Hi hope some one can help me. My partners mother rents her house from a housing trust and has been told she will receive the full discount if she exercised her right to buy. I would like to loan her the money so she can buy it and then she would leave the house from us if anything was to happen to her. This is my question.…
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Approved in principal, will it happen ??
Hi all, I applied for a mortgage at the beginning of the week, spent an hour going through the application and doing the credit checks, 1 minor issue from way back but nothing else, a small loan ( £4K ) and 1 credit card ( £2.8K ). The application form was despatched and sent back with the requisite proof of address and…
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legal rights - financial ombudsman
Can anyone explain to me why the Financial Ombudsman legally cannot uphold my complaint on "with profit" section of endowment policy? The FO and Abbey National have agreed the policy was mis sold and Abbey agree to re-imburse, but not for the loss of profits. I have a letter from Abbey, which I forwarded to the Ombudsman…
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Is it worth swapping mortgage lenders?
I am currently with Nationwide for my £31,500 endowment mortgage and am paying 5.85% . (Paying appros £151 a month with 7 years left to go. While putting some money into my Natwest ISA, (I know its not the best rate but is next door to where I work so is convenient), the lady was making queries about whether Id be…
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Fed up
Have filled out paperwork for mis-selling and it has come back as l knew what risks were involved, I took it out in 1994 and have already had to up it fifty pounds a month to hopefully get target amount. The fixed rate I have runs out in july should I cash it in! or try something else....currently with natiowide... would…
