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endowment misellling
hi, can anyone help. i was sold an endowment policy, in 1986, with norwich union, (before the 1988 legislation came in) which is going to underperform by around £10k (never mind the bonus we were promised!). i have tried approached norwich union to seek compensation but they informed me that the seller was an independent…
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Mortgage with a past bad credit history.
Hello, need some help. Me and the other half have finally started to look for a mortgage, (first time buyers) and were wondering if anyone could advise a broker that deals with people with past bad credit (me). Although i have never had a ccj, I did have a bad run with arrears, finally sorting it all out in August 2004.…
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House Under Offer and ReMortage Due
Hi, I now have a offer on my house :j and need to remortage asap as I am now on the 6.5% Intrest Rate on a Variable Tracker Rate with Abbey. I want to re-mortage now and be able to borrow the extra when i complete to purchase my next property. I want a FIXED Rate Mortgage for 2 Years which has min charges that apply. I…
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Northern Rock online application status 'Referred'
Is this status bad? Or just means they are now checking details? Cheers, UK086242
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Cheshire Mortgage statement
We have had a repayment mortgage with them at a fixed rate for a couple of years. 1. How can the interest charged be more this year than last if we have paid all the monthly payments and even made a £5000 overpayment? 2. Have I missed something in the news about the Cheshire? Is it being taken over? People on this forum…
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Expiry Mortgage Promise Query
Hi, after 4 months of being unable to proceed,I have found a buyer who has sold and is in the process of actually selling her house.The owner of my future purchase is moving into rented accomodation so will go when the sale goes through. My problem, the mortgage promise I have is valid until the end of May, 8 weeks past…
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Self Cert Mortgage for a Studio Flat
Is it possible to get a 90% ltv self cert mortgage on a Studio Flat?
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Help, in a quandry over remortgaging
My wife and I have a 150k mortgage (split 50k interest only and 100k repayment ) with HSBC on its standard variable rate. Our endowment (worth 50k) is due to pay out in 2014 and we are in the fortunate position of having 60k in savings from the sale of our last house when we downsized. We don't really want to pay all of…
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BTL effects on own mortgage
A question for the more "mortgage savvy" amongst you out there: I understand from a brief chat with my local mortgage broker that if you take out a BTL mortgage, it can be done on the basis of the rental income the rental property will bring in, rather than on a multiple of incomes of the purchaser(s). Correct me if i'm…
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Pearl Endowment worth keeping??
I took a pearl endowment out in 1993 for £40000. I hope to pay off my mortgage without using the endowment. Currently it's worth £19000 On last years statement it mentions a pearl price promise of £15800, does this mean at the end of the term i may get nearly £35000, or is that the minimum pearl will payout? :confused: If…
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what is in a credit check?
I never had any money problem nor my boyfriend but one day he was refused for a mobile contract because of the adresse he gave ,they proposed to him to do a credit check for £2 to see where the problem was coming from but he refused. At the time his sister was using this adresse and made many credits debt even without…
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Interest only or pay all
Hi All, I'm about to get a buy to let mortgage of about £70K on a property worth about £130K. How can I work out whether it would be better off getting an interest only or "pay it all off over 25 years" mortgage? I'm the sort of person who likes the idea of the 25 years ending and then the house being mine, rather than…
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Do I have to get a buy to let mortgage?
I've bought a house and need to sort the mortgage out. I'm a first time buyer and often work away for up to a few months. Can I just get a normal mortgage (non-buy to let) and rent the property out when I'm working away? I understand I'd have to get different house insurance but I'd rather just have a normal mortgage is…
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4 people for a mortgage...
Does anyone know if there is some lenders who would take 4 salaries in consideration for a joint mortgage (2 couples)? and if so have you got their names? I recently call a financial adviser who told me it is usually the 2 highests salaries who are taken.
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Help!! REmortgage offer different to want had been approved!!
Help We recieved our official remortgage offer from Abbey and it is different to what had been applied for and approved. We went via a mortgage broker and we have the details from him that we applied for a £32,000 interest only and £75.000 repayment. Now we have recieved the official letter it says its for £105,000…
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overpay or lumpsum
I have a £30.000 lump sum of cash to use to cut down my mortgage. I have 4 years left on my existing mortgage, but will have to pay about £1500 in charges if i pay a lumpsum, but i can overpay up to £500 every month. My question is is it better to overpay every month or put the money into a savings account and pay a big…
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Abbey mortgage part repayment/part interest only
Hi Currently have a flexible mortgage with Abbey on a part repayment part interest only basis. Currently on 0.5% above base rate for life of mortgage. We overpay by £230 per month which goes into a savings pot. Once this has got up to £1000 ish, we write and ask Abbey to pay off part of the interest only mortgage, thereby…
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countrywide assured endowment
I was advised an endowment morgage, which I took out in 1996 august.I am considering seeking compensation from Bairstow Eves /countrywide assured. I have read reports that some people have not have much luck with that company. Any info on the company would be appreciated.
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Mortgages for UK expats, where do I start?
Hi, My in-laws are UK citizens but live permanently in France. They don't own any UK property but would like to buy a flat for their daughter who is at Uni in the UK. Would they be able to get a mortgage in the UK for this, if they can where should they look for one? Any other advice around this would be great! Thanks,…
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Stick? sell and downsize? remortgage? Help...
Dear All Would be grateful for any advice. We own property worth about £220k. We owe £150k (current mortgage £949.09 per month). We have car loan debt £28k (paying £361.25 per month), credit card debts (mostly 0%, remainder on Amex, low %age) totalling £11500 (paying £445.00 per month). Other monthly outgoings £1400.…
