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Advice Sought - 5 Year Fixed mortgage just come to and end - starting 40k extension.
Hi All I am after some advice / thoughts / suggestions on what to do with my mortgage. I have currently finished a 5 Year Fixed mortgage with the Abbey, I still owe about 60k. I have also started to extend the house and estimate the total cost to be in the region of 40k. I am unsure as to whether I should lump the whole…
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IS there a way to do this ? use c/c to pay mortgage ?
Hi, my brother lives in NZ and he pays his monhtly mortgage using his c/c. This way he manages to rack up the airmiles in a big way. Does anyone know if we can do this in the UK ?, thereby earning more cashback/airmiles/tesco vouchers etc? (depending on what card you use ? ) Thanks
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Endowment Complaint - Questions
I'm hoping someone can advise on these issues : 1) In the case of our endowment complaint, and specifically "The adviser did not discuss in full the funds our endowment was to be invested in", the company is claiming that because we were passed the product illustration and literature, there is no complaint on this point.…
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Advice please-new mortgage
Hello,we currently have a home which we are looking to sell. There is only £12000 outstanding but it is on an SVR mortgage. We need to borrow £60k for the new home. Would we be better paying off the existing mortgage and taking out/looking for a new one in the wider market, OR going back to our existing mortgage co and…
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Son's mortage
Hi, unfortunately my son's relaitionship has broken up. There is a joint mortage which he can not afford to take on by himself. Is there a 'best' way to help him out. Thanks in advance.
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endowment taken out 1986
I took out an endowment in feb 1986 to cover 30k mortgage (small by todays standards) the company that sold me the endowment is now out of business but the provider is Friends Provident, I read that policies taken out before 1988 do not qualify for mis-selling compensation, is there any point in trying to claim due to the…
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Endowment as a savings plan or keep trying with our case?
We took out our mortgage in '97 and as FTB we were sold a Norwich Union endowment policy. We were complete financial newbies and bought lots of other stuff from our IFA. We were told it was the 'flexible' option...you can move house with it. Just two years later we decided to change from endowment to repayment mortgage...I…
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Thick Question
I can't believe I even need to ask this question but I just can't get my head around it. I currently have a mortgage of just over £90,000 with 18 years to run it was my first purchase. I am now thinking of moving and selling for approx £135,000 now the bit I can't get my head around is without increasing my mortgage what…
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do i need to get a new mortgage?
Hi again. This is the info my wife has found for me We are presently with the skipton BC and are not tied into anything. the rate we are paying is 5.89% monthly rp = £383.05 the mortgage amount (cost of land/barn and materials) is £58K and the conversion, now nearly complete has a value of £225k (possibly more) Now then.…
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Northern Rock Mortgage help!
:confused: Just had my second interview with my whole of market mortgage advisor and he spoke to Northern Rock before he sent in my application for a mortgage, details are as follows: Gross salary £24,558 Mortgage required £86,500 Property price £92,500 Deposit £6,000 Credit card debt £7,100 Loan per month £145 (ends Sep…
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Endowment mis-selling advice needed
Hi I have been prompted to finally make a complaint about the mis-selling of my endowment, although it has always been in the back of my mind I have always convinced myself that I wouldn't get anywhere with complaint so why waste my time complaining when I figure I'll just get stitched up by the financial bods anyway. This…
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Need help Pearl Endowment..
After being succesful in claiming for a misold endowment, I am now filling in the relevant paperwork. Pearl are asking for "Surrender application form and policy schedule" this I can do, but they are also asking for "Surrender application form with Lost policy document" It is the lost policy document I dont understand as I…
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credit score result
we now know why we got turned down for a new mortgage due to our credit score. i have got our score from experian 529!!!!!!!low or what out of 1000. this is why it got declined. now why??? in january we canceled a credit card but aweek later a transaction from august got put on it. becasue the card is closed they don't…
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Doing it on my own
My husband has moved out of the house and we have separated. I am paying the mortgage at the moment on my own,it is a big mortgage,and is interest only. In febuaray next year the tie in period ends and my rate reverts to whatever it will be. My husband is still on the mortgage,but next year i will need to sort this out.…
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Remortgage advice
Been in my home for getting for two years now and looking to remortgage. I had a two-year tracker with Abbey which ends on 18th August. This is my first place hence I've never remortgaged before. To complicate matters I have several incomes which confused the lenders completely when I took out the original mortgage: PAYE:…
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One account
can any one tell me if the one account (the one that has everyone carrying their mortgage signs around with them) is as good as it seems. i have always been of the opinion that if it sounds too good to be true it probably is. however their web site seems to indicate that i will be able to pay my mortgage off in about 9…
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calculating percentage of deposit
forgive me if this is a silly question. if a house costs 400k and i have deposit of 60k what is the correct way to calculate the percentage of the deposit i have. is it 60 divided by 340 which is 17.5 per cent? because 340k is the amount of loan i will need. or is it 60 divided by 400k. i am thinking it is the former.…
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100% mortgage if value is higher than sale?
Hello :) This might be a thick question so be gentle. My father is selling me and my partner our family house for £100k. It's value is somewhere around 130k (it's his wedding present so to speak). My partner and I do not have any deposit. Is applying for a £100k mortgage when the value is £130k classed as a 100% mortgage…
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Buy first then sell. Is it possible?
I'm looking to buy a larger house in the region of 350-400k in the next two-three months. I've got up to 90k as a deposit and earn about 44k gross. I also currently own my own place outright (worth about 150-160k), but it needs a bit of renovation before I sell it. This would be much easier to accomplish if I move out…
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Mortgage for discharged bankrupt
Can anybody give me advice. I was discharged from bankruptcy 2 years ago. when my mother died last year she left me some money which I would like to invest in property. I can therefore put down a large deposit (Maybe 20-30%). What are my chances of getting a decent rate?
