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How effective are Consumer Organisations?
We have received a post to our forum in regard to this question and I thought I would re-post here to allow others to give their views and to ascertain any opinions. This post was made by Shelter and I am sure feedback from consumers & from those in the mortgage industry could help: Just how effective are consumer…
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Buying a new house!
Hello, I'm looking to move home soon. I currently have a mortgage outstanding of £61000, and my flat is worth £150000. I have been offered a mortgage in principal with my new bank account of £197000 (way too much!). I'm looking to spend about £210000 max on my next house..... but will need to pay stamp, solicitor etc. Can…
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Help with endowment mis-selling questionaire
Following reading various reports etc I used the Which website to compile letters regarding 3 endowments I was sold in 1986,1987 and 1992 all after my being given the idea that they would definitely repay my mortgage and much more besides. I have received detailed questionaires in response and just wondered what your…
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Take the Plunge?
Hi, wondered if we could get some advice re our current situation. My girlfriend and I were quite happy tootling along renting our city centre flat when we discovered that we were pregnant! Not being a planned event (welcome though it is) we are not really in a good position to buy a house (i.e. no deposit saved) but feel…
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Nationwide pulling up on misselling claims
NATIONWIDE TO RELY ON TIME BARS SET BY ENDOWMENT PROVIDERS Nationwide Building Society will start to rely on time bar dates set by insurance companies in red reprojection letters from 8 May 2006. This will only affect complaints made for the first time after 8 May…
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I want new mortgage but moving in a year
Hi all, 2 years ago I bought a house on my own, I had no savings and a CC of about 5k - rather than wait to pay off the debt and save a deposit (which would take forever) I got a deal with Northern Rock where I got a 115% mortgage. I've been more than happy with this as I was able to buy the house, pay the CC off and do…
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Mortgage for a FTB
Hi all We are a FTB couple who have just had an offer accepted on a home (which is lying empty) at £155000. Originally the price was £170000 and then recently £165000. We originally put a bid in at £152500 but that was rejected.......now after a bit of haggling £155000 has been accepted. OMG!! We have £40000 deposit,…
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Mortgage issue
Hope someone can help with this slighly sensitive issue... My mum and dad divorced 3 years ago, and until now mum has given dad the money topay the mortgage every month. But my dad is looking to buy a villa in spain soon and wants to be free of this mortgage (joint mortgage). Also part of the agreement is for mum to pay…
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mis-sold 2 endowments independent advisor
i was sold two endowments how do i claim against an independent financial advisor who has ceased trading? i know where he is now working please does anyone have any idea how i can try to recover my shortfall. xxxxxxx
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FTB Mortgage Application - help?
Hi I hope you can help my confused message about my first time mortgage application :) My husband and I have put in an application for our mortgage and are just waiting for the valuation to be completed. It is the first time we have looked into house buying and are nervous :confused: We are hoping to buy a new house and…
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Am I off my trolley? mortgage advice plz!
Ok.. Not sure if this is a totally crazy idea or whether it may just be possible. Any suggestions/ ideas would be extremely appreciated! Recently split with ex... he is buying me out of the property...I will walk away with about 7.5K. I have another 2.5K saved. Two kids, working 20hrs wkly (wage approx. £475 p.m) tax…
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Is inflation a good thing?
Inflation is generally seen as a bad thing (I don't agree). But I once heard someone say about the 1970s that you'd 'take out a Mortgage in pounds and payback in pennies' Meaning, anyone who owned a house through the 70s saw wage and prices inflate by around a factor of ten. Even if they'd taken out the equivalent of a…
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Mortgage application
How come in 2006, it takes in excess of 5 weeks and counting to get any response regarding a first time buyers mortgage ? is this the norm! or do i have a problem on my hands? The reason i ask is that my application was very straightforward, no problems. The financial advisor said should go through quick:beer: 2006 i still…
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Mortgage / loan advice needed
Have been reading lots of posts over the last couple of months and have reorganised quite a lot of my finances / outgoings but I now need some more specfic advice. My partner and I are at a crossroads and thinking about going our seperate ways. I earn £28k per year have an experian credit rating of "excellent" have £700 on…
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UNI - does it affect remortgaging?
My ex signed the house over to me and signed all the divorce papers. Now he wants more money from me and has lodged a UN1 - Unilateral Notice of Interest - with the Land Registry. They won't take the UN1 off. Does anyone have any experience of applying for a mortgage with a Notice of Interest lodged with the Land Registry?…
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Time to cash in my Standard Life Endowment?
I have a Standard Life Endowment Policy. It was in joint names but my ex-husband agreed to reassign it to just me and the paperwork has been sent off to Standard Life. As he was the first named on the policy, any share allocation will be to him (a source of great irritation to me as I've paid this policy for the past 8…
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Advice please divorce/property split
Can you give me some advice please, I've seen a couple of solicitors and building socities and get different information each time. My husband and I are splitting up, we have one 6 year old son. Its all amicable at the moment and hopefully will remain that way. He has agreed that I can have the marital home and this is…
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surrender or not ? and how and who to?
Please help me, we were missold two endowment policies one index linked lloyds tsb and a legal and general one. On following the advice we claimed on both and many thanks to this site we won both giving a total of £2,000 compensation. Not great but certainly helped the debt situation. Now, the present situation is we have…
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What's the Difference?
Could someone explain the differences and maybe list all the types of where consumers can get advice and why each should be used in different circumstances? How do each operate differently to the others. For example: A Mortgage Broker? Tied in Broker? An IFA (Independent Financial Advisor)? Whole of Market? Specialists…
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changing mortgage idea's on how long
hi we are changing from virgin one to Nationwide fixed rate 4.78% for 5years. i have phoned & they have said yes in principle to the amount & terms just need to phone & say yes. just wondering if anyone knows how long this might take as we are on holiday in 6 weeks & worried it might happen while we are away & worried…
