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FSA to probe IFA advice problem
It seems that many people are having problems getting advice on what to do with their With-profits investments like endowments, pensions and WP bonds. This could be because #The IFAs don't understand With-profits products and can't work out if people should stay or leave #They are embarrassed that the products they sold…
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to fix or not to fix
i'm looking at a ten year fixed rate with nationwide, there is a £199 arrangement fee and then its 4.89% for 10 years. i know it would b ebetter to try and mortgage hop but we are at the limit of our budget right now and if intrest rates went up we'd be stuck, so what do you guys reckon good deal??
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Going abroad - thinking of renting out my flat
Hello, I current live in a flat for which I currently have £100K plus mortgage. I have been offered a 2 year assigment abroad with my job. I am thinking of renting it out whilst I am away. Can anyone please advise me if I have to change my mortgage to another lender or can I just rent it out under my current mortgage? Many…
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Trapped?
O.K., Here goes - hello everyone, I'm a newcomer with a specific question. I am a keen self builder in my mid forties who is now living in a house without a mortgage. I consider myself very lucky in this respect. However it seems that I am trapped in the sense it is almost impossible for me to try to release a considerable…
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Nationwide Overpayments
Hi I currently have a fixed rate with Nationwide but t & c's allow a monthly overpayment of £500. I have some cash that I would like to pay into my account, over a few months, to reduce interest payable but will need access to it at some future date. Has anyone any experience of how easy it is to retrieve overpayments from…
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Mortgage terminology help needed
What sums would you do to calculate this early repayment charge? I don't have a degree in tosh so can't answer. The amount repaid or transferred x 85 days additional gross interest at the rate of 4.59 per annum. It then goes onto say the maximum charge that you could pay £688 if the whole loan is paid back. This is based…
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To switch or not to switch???
Hi, We currently have a 3 year fixed mortgage with YBS which runs out in October. We are looking to move this summer but will incur a 3% early repayment fee (Approx £2500) if we change lender or dont buy somewhere else before October (staying with YBS). The new deal we are likely to get is fixed for 2 - 3 years at 4.99%…
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BTL vs Residential - what are the rules?
Ok - here's the scenario: My friend and I want to get a joint mortgage and buy a house. 1. If we get a residential mortgage is it legal to then rent out any of the rooms? (I seem to recall seeing a "Rent a Room" scheme mentioned on the tax return forms somewhere) 2. If we get a BTL mortgage can we live in the house and…
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Should I take a short term ISA to save money in short term?
Question: Is it OK in short term to take out an interest only ISA mortage to get out of a financial fix? Or is it financially not worth it? I am taking out a remortgage on my property as I need to buy out my partner following a relationship breakdown. The mortgage will need to be be £56k. Money is very tight as it’s so…
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Mortgagebundles.com
FYI... C4 Lunchtime news announced this new mortgage auction site. The idea is to get the lenders to bid for your business. You club together with people with similar requirements to secure the best deal. I need to re-mortgage this year so have just tried entering some details but it said "not enough data" as yet. Maybe a…
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how old is 'too old' for a small mortgage?
im nearly 57 - what sort of term mortgage would i be offered? i would prefer to pay it off in 5-7 years anyway, the money would be needed to bring a property i hope to buy up to standard. Thanks all..... [havent had a mortgage for years so a bit rusty about it all]
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Act now on mis-sold endowments: new article
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Have funds to pay off Mortgage...Should I ?
Have just inherited £50,000 which I'm going to put in my A&L online savings account. Will then get some ISA's for myself and my wife, before deciding what else to do with the balance. I really would like to pay this off my mortgage purely for peace of mind and not have it hanging over my head. I have 2yrs and 7mnths left.…
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endowment advice please!
Have today spoken to my policy holder Norwich Union and the news is not good. Took out a 23 year endowment in 1992 to pay off a £54000 mortgage at £92.83 a month. Current projections show a £24000 shortfall. Have asked them for a final settlement figure and was quoted a measly £14, 608.60. This is only £312 more than I…
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Hamstrung Mortgage
Hi all - we have an off-set mortgage with First Direct. We moved it to them from the Woolwich and at the same time put it into both our names (previously it was just my partners). We have our savings and our current accounts linked to it and we can re-borrow the money at any time just by transferring it back to one of our…
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Use savings to pay off some of mortgage?
Hi! This is the first time I've posted on here, but thought I'd see if anyone could give me any advice of what to do. I was diagnosed with MS in 2000. At this stage me and my then boyfriend had a £58,000 mortgage. We married and then moved to our current house - worth £240,000 2 years ago. We now have a £170,000 mortgage -…
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Self cert mort help req
hiya guys, hope you can help just managed to buy my ex out of house but in 6 month i will be looking for a better deal and will be out of 5 year deal period. I have gone self employed in the last 6 months. When i go shopping for new deal i am told because i am self employed and i cannot prove income that i will prob need…
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three yr fixed rate morgage
i got my council house 5 yrs ago fixed rate for three yrs i bought it for 17500 it is worth 90000 plus now what deal is best for home improvements and will i be able to get a loan on top of my mortgage i earn around 14000 a year thnx
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Has anybody signed up for mortgagebundle?
I was reading the Metro on the train into work this morning and came across an advert for https://www.mortgagebundle.com. They search the market for the best mortgages and send you an email with a list. You can also post your mortgage requirements on an Auction board and lenders come back to you with the best possible…
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Settle an argument for me....?
Was having a 'discussion' with a friend in the pub on Saturday night... :D As some of you know, I'm just completing as a FTB, £115k mortgage, repayments £617/month. One of my friends is planning to buy a house. He reckons he's looking at up to £250k mortgage, and that the repayments will be in the region of £600 a month…
