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Mortgages & endowments

Archives for February 2006

How can I avoid early repayment fee ?
Hi there, I'm new so please be gentle with me :p Basically my question is this. I have a 3 year fixed rate mortgage with The Principality. This fixed rate finishes on 31st August of this year. However I have to sell my house as I am moving abroad with work, so it's currently on the market, and if I sell the house before…
Doubt the bank's calculation on Interest Rate
For a home loan, if annual interest rate is y, how much is the interest rate for a month ? Bank do it as the following equation x = y / 12 But , x should be calculated with following equation Pow((1+x),12) = (1+y) Here, Pow((1+x),12) means (1+x) multiply itself for 12 times The monthly interst rate is enlarged by the bank…
I hate Pink Homeloans and Mortgage Trust
Iapplied for a buy to let mortgage in mid December via London and contry who brought up Pink who work for Mortgage Trust. I was a bit peeved to start off with when Pink asked for my original passport even though L and C had a copy from another apllic in December for my own home. Anyway, by end of Jan they went ahead with…
Nationwide overpayments - getting them back?
Hi all, Just wondering if anyone had an experience where they made some overpayments on their Nationwide mortgage, then needed the money back later - I know you are allowed to get overpayments back, but how quickly can you get hold of them and is it an easy process? Thinking of it but don't like the idea of the money being…
help help Virgin one discounted 4.99% apr ???
Hello I have been looking for a new mortgage, and have come across this one, the Virgin one discounted (not the one where you have to have a bank account with them) anyway some are saying that the bank rate may drop a little soon so! this is a one year discounted, with no fees at all nothing! no valuataion or legal and…
Compensation Basis / Option
My bank have conceded that they mis-sold me my Endowment Mortgage and have asked me to choose my basis of computing the (if any ) compensation due to me . I can either have this computed by reference to the "actual" conduct of my mortgage since inception (i.e. taking into account any fluctuations in the capital from year…
Was I missold?
Hi guys, firstly sorry if im asking this in the wrong place,but...i was sold two mortgage endowments when i was serving in the forces even though i wasnt in a position to buy a house.I was told this was a great way to make money as the endowments would practically double,i was told to buy one every time i got a…
Fixed and Capped-The same?
aaaaaaaaaa
Compensation Help Please
I have a Standard Life Endowment that was taken out from an IFA. I have since found out that he is no longer trading. Basically what I would like to know is can I complain about misselling direct to Standard Life. :beer:
Egg offset calculator... I am confused
Dear all I read here that in an offset mortgage making lump sum payments or putting the money on the offset savings account will have the same effect... I have just tried the egg calculator and with a lump sum of £22,000 the term of my mortgage will be reduced by 6 years and 6 months. but If I put the same amount in the…
Repossesed in 1994 - will they still chase debt ?
Hi folks, Like thousands of others at that time, in April 1994 my flat was repossessed by the C&G when that lovely 'Tory Party' policy caused interest rates to peak at over 16% :confused: Does anyone know if the C&G will still chase the debt 12 years on ? I did receive a letter from a debt collecting company about 4 years…
Buy to let mortgage for my in laws.
My in laws have a business loan secured on their house. Their business has gone into administration therefore the loan cannot be paid. Will the bank force them to sell their house? If this happens can I get a buy to let mortgage to provide them with a home?
Drawing profit whilst moving house
Can't find any advice online, so thought I'd ask you good people. When I sell my current house I'll make between £30 and £35k profit. I'd like to take some of this money to pay my stamp duty and deposit on my new house (its new build, part ex with Barratts). Whats the proceedure for getting cash from the profit? I know…
AIP- Valuation fee???
Hello Guys wondered if you can help me.... I am purchasing the rest of my shared ownership home, i have got an AIP with Birmingham midshares. On the key facts sheet it says about the valuation fee of £390, which is pretty steep seeing as the housing association sent me a list of valuation companies starting from £95 up to…
fied rate mortgage dilemma
Hi I have a bit of a dilemma! Have applied to lender for fixed rate mortgage - Originally it was to be fixed for 3years at 5.29% with an arrangement fee of £199. As it has taken a while the mtg advisor phoned me today to offer the same rate for either 2 or 5 years and the arrangement fee will be waived. Dilemma is do we go…
Endowment Compensation
Firstly, big thanks to Martin for actually motivating me to do something about my endowment!! Thing is, I now need a bit of advise! I was (mis)sold an endowment back in 1993 when I did not have a mortgage. I have only had a mortgage for the last 3 years and all the while have been paying into this endowment policy. I…
Selling an Endowment policy.
Are you liable to capital gains?
Endowment Miss-Selling
Some years ago I complained to the Financial Ombudsman regarding our miss-sold endowment. His representative responded after consideration and said that the endowment seller wouldn't be likely to compensate us and that they would only offer us a repayment mortgage and at the time we wouldn't have been be any better off and…
100% mortgage in SE London now or wait??
My partner and I are FTBs. Joint income of approx £63000. £3000 savings (growing). Credit card debt totalling £7000. Loan of £11000 (five years, four left to go). We are considering buying a property in SE London soon as are utterly sick of renting. Property would probably be around 160-180K. Given the market the way it…
Parents Help with Mortgage ?
Last April my G/F and i Split up and she decided to move out of our house. I have been paying the mortgage since last April on my own. She now wants to get a new place of her own and rightly so i need to get her taken off the mortgage before she can get a new mortgage. However after speaking to the Mortage adviser at the…

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Mortgages & endowments

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