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Adding a name to mortgage and remortgaging
Hi, I'm sure you guys can help me here! I own my house with mortgage (around £35,000 left to pay over 20 years), although I have been married for nearly 10 years the house is in my sole name, as my husband had a mortgage on another house, and we wanted to buy this before the other house was sold (hope that makes sense!).…
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Is this possible
We are just looking into the possiblity of moving house. We would have approx 140k deposit on a 285k house. our total earnings currently are 37k, we have no other debt, would it be possible on our salary to get a 140-150k mortgage. Any thoughts?
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Endowment offer - should I take it ?
Okay fellow MSe's ... this is my current circumstances & this is what I propose .... any recommendations ? Endowment Mortgage currently - £60,000 - paying approx £320 p/m inc endowment Car Loan - £7,000 - approx 40 months to go Recently complained about my mis-sold endowment and have been offered almost £1,900. Can…
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please desp need help
my husband is reg disabled and recieves dla as well as higher rate mobility and care allowance we have a mortgage with nationwide for 25000. which we have no problem paying.the mortgage was for an extension on our house which is worth 300000.+ to finish the house as we under budgted we went back to nationwide to ask for…
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Mortgage Calculation
Hi all I have an interest only mortgage with Northern Rock for £63220 over 25 years. The rate is 4.69%. They have sent me their formula for calculating the monthly payment which I can not understand: B=Balance R= Rate/12 VG = 1/(1+R) This gives montly payment = (£63200 * 0.0469/12) * (1/(1+(0.0469/12))) =£246.13 However, I…
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MPPI help needed
Hi all I am about to take out a 3 year fixed rate mortgage for a first time buyer with Britannia (me and girlfriend)....the rate is 4.49% on £110000 Now we are trying to figure out this payment protection. Britannia are offering to pay the payment protection for 6months I assume that is for both of us I have had a look on…
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Higher Lending Fees
Hi, Am taking out a 95% mortgage and am finding that most borrowers charge higher lending fees. The best mortgage I've found that doesn't is Britannia's 2 year fixed at 4.78%, but I understand that offer might be going up to over 5% this weekend. Does anyone know of any other lenders that don't charge a higher lending fee.…
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Phoenix/RSA endowment: Should I sell it?
I have an Endowment policy with Phoenix which was intended to repay a loan of £36000. This was sold o to Phoenix by Royal and Sun Alliance. It matures in November 2014. Recent statement from Pheonix said: Guarunteed sum assured : £11880 Declared bonus : £4933.03 Bonus added in 2005 : £16.80 They quoted £18600.00 (@ 3.75%…
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Mortgage help please
Dear All, I have had some advice from my mortgage broker I am not sure of She suggests I take an interest only mortgage for my 2 bed flat I admittedly would struggle to pay full repayments mortgage, I am 50yrs and due to retire 65 yrs, higher rate tax, but have £300 to pay to my daughter for next 3 years. The mortgage…
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Thanks MSE £5k up - What next?
Less than a month ago I phoned YBS complaints department for endowment mis-selling. Filled in simple form, did a bit of digging to find Policy No.s etc, got a letter today offering just short of five grand. Just need advice on how to make best use of it - the mortgage (29k) had 16 years left to run. There will be a…
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Interest Only mortgages
Looking to move later this year and need some opinions and advice. To date, I'm on my third house in 12 years. First two were with my ex-wife, hence I 'returned to Go' just under 4 years ago - back to 5% deposit, 95% mortgage after settlement and debts. I have benfitted from the rising market and have a house worth £130K…
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Have we burnt our bridges?
We were advised by the Royal Bank of Scotland in 1995 to take out an endowment mortgage on a 100% mortgage for £43,500 in 1995. The salesman did not tell us we could loose out - in fact he advised us on an endowment becasue his parents had just finished paying their mortgage off and had an additional £5000 in their pockets…
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Moving in with partner in his house-want name on mortgage how do i do this????
Hi I want to move in with my partner. His house is currently worth approx. £260,000 and he has paid for all work done and furniture to date. I am living with my parents and paying rent. If I was to live alone i have tested on net and could probably get £80,000 or more. My boyf has suggested paying him what i want each…
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Broker made a mistake with mortgage, what are my options?
I specified a fixed rate 2 year mortgage. The broker, London and Country, made a mistake in the application and Halifax arranged a discount BOE tracker. Both have the same initial rate (4.39%). I've spoken to both L&C and Hfax. Sadly, the 4.39% fixed rate mortgage is no longer available. However, L&C think that they might…
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Endowment mis-selling questionnaire answers
I am currently pursuing 3 mis-selling claims and have received questionaires back to complete, I obviously want to complete them to the best of my knowledge but as I was sold them between 15 and 20 years ago I do not have all of the information and some of the information concerning current circumstances with pay seem…
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First time buyer help needed please
Hi everyone, this is my first post on this forum so be gentle! I am looking to get my first mortgage in the next 4-5 months. I like to prepare wll in advance so am doing lots of research to keep me informed so no one can pull the wool over my eyes. I m looking to find a reliable solicitor and broker in the West Drayton…
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Where do I turn now?
This one's a bit complicated and long-winded, but I know some of you out there are real experts.... I was missold my endowment in 1989 which is in shortfall - at H&O (solicitors office) by an IFA. They are governed under the Law Society so apparently only the Limitations Act 1980 applies which timebars me- (though there is…
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Advise Please
Hello. Could some one in the no advise me for the best way to do this? Basically I need to re-mortgage or borrow 7 thousand pounds to build a conservatory. I have shopped all around and looked for advice from advisors and it seems the lowest payment for a re-mortgage is about 300 pounds per month for the 6 years remaining…
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Endowment seller out of business?
Hi everyone, I will try to keep this brief. Years ago we were sold an endowment by the Leeds Permanent, a few years later they sold us another when we moved house. Recently we tried ( through a mis-selling claims company, yes I know I should have done it myself but time is a bit tight)to claim for mis-selling. The company…
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Mortgage committment letter for new build ?
All, Rightly or wrongly my wife and I have decided to invest in a new build. 10% of the property price goes down and then the rest on completion. Completion is not for 3 yrs yet the solicitor we have handling the contracts says that she needs proof of committment from a lender. In all reality we probably will sell on…
