-
Offer on mis-sold endowment
Hi hope someone can give me a bit of advice. I posted here a few months ago about my husband's 2 endowments with CIS, that were taken out before he was considering a mortgage. We never took out a mortgage but carried on with them as savings, however after receiving a red letter earlier this year we complained to CIS that…
-
mortgage offer query... advice appreciated :)
Hi we had agreed on a house and had mortgage agrreed and in place from A&L this offer was available until October I think.... Unfortunately the house deal feel through, our buyer pulling out, We have now lost that house, but found a new house (same price same level of borrowing)...We still need a buyer but assuming we find…
-
Can an interest only also be a repayment?
Hi everyone, I'm remortgaging and i've been advised to go for a First Direct Flexible offset mortgage at 0.19 above base. However, I've been told (by L&C) that they only do interest only mortgages but I can pay much more, effectively making it a repayment mortgage? Are there any pitfalls in this? Can a mortgage product…
-
transferal of mortgage help
Hi all, I have an interest only mortgage which I am intending on selling soon, however I have taken a job in OZ which I am starting and it's not ready for sale yet. Is it possible to transfer the ownership to my partner completely so they can stay and finish/sell/sign over etc for me? cheers.
-
Remortgaging with Repayment Mortgages
I've had over the last few years an interest only mortgage and remorgaged every 2 or 3 years keeping on discounted mortgage rates. However, am now looking to borrow more and use a repayment morgage in addition to the interest only. Does anyone know what are the typical rates the capital of a repayment mortgage is paid off,…
-
Credit checks affect on remortgage
Due to a total mess up by T mobile who have credit checked me 16 times in four days I now have a bad credit reference. How will this affect my chance of remortgaging when it comes due in January having so many credit checks on file?? All because someone there was not doing their job properly.
-
Where to go now - endowment?
We've got an endowment which was purchased in 1988. The guy who sold it to us was an independent financial adviser. He sold us a policy with one of the big companies - and the policy is running at about £27k short. We've tried and tried to find this idependent chap - and have finally discovered that he became…
-
Mortgage help please
Hi I just wandered whether anyone would know the maximum a lender would lend me on the following salaries (all I want is a rough idea) thanks: My salary: £21,000 Partners: £10,000 Savings: £16,000 approx Thanks all much appreciated
-
short term remortgage
hi guys could anyone with some financial advice credentials tell me if this is possible? i am looking to sell my house and move abroad,is it possible to get a remortgage with no ties, my credit history his not very good although my mortgage is up to date. i am selfemplyed with out accounts mortgage outstanding £35k looking…
-
Complain About Your Mis-sold Endowment Now!!
Do it! Do it! Do it! Finally got round to writing a letter to Standard Life, within ONE month, had a compensation offer of £3500. Process was straightforward (through Endowment Action website), and only had to dig out a few old documents. Thank you Martin for your continual nagging.
-
Advice please - Remortgaging/Equity release after 100% mortgage
We bought a house on 100% mortgage for 200K 6 months ago and we have extensively renovated, spending 40K (short term loans,credit cards, overdraft). 2 estate agents have said the property could now sell for 250-260K. We would like to put the 40K we spent on to the mortgage, but have just been told by our lender that they…
-
Woolwich Discount v Fixed
My Woolwich Discount rate has come to an end and so they have sent me 3 options 2yr discount 4.99% 2yr fixed 4.99% Tracker 4.99% all at the same monthly repayment, so what would you do? :confused:
-
Can I get a mortgage when in debt?
Hello everyone. Just one question, can I get a mortgage when in debt and using the consumer credit counselling service. I have recently split from partner who is staying in our home. I'm now renting but the area I live in is terrible. I want to move closer to friends but the rents for flats start at £400. I can afford £500…
-
I'm confused - endowment & mortgage
Hi everyone I've got myself really befuddled now! I've got an endowment policy (pru/scott am) which will pay out in 2019 (28740). Currently at 4% prediction it will pay £20000, which coincidentally is what we changed the interest only part to a few years ago. When we move, I'm going to change the mortgage term to 20 years…
-
Selling Friends Provident Endowment Policy
We are in the process of selling a Friends Provident Endowment Policy, the best offer we have had is from a company called IFG Teppco. Has anyone had any dealings with this company, did the sale go through O.K.? The company are based in Ireland, they are a 'sister' company of the company we originally sent the policy…
-
Do I need a Mortgage insurance product?
Hi, Is it a requirement on a mortgage to have a mortgage insurance product like life insurance or critical illness cover?
-
Lowering mortage interest rate
Hi, I currently have a self cert residential mortgage with Halifax Bank Of Scotland however it is a Bank Of Scotland mortgage product. The mortgage rate is 5.69% and i have no current tie in. I have called BOS to reduce rate and they are only offering 5.49% on 2 year fixed...very poor offering to existing customers. The…
-
barclays base rate tracker ANY GOOD ?
My fixed rate is about to come to an end and my current lender is not coming up with anything very good. I have had a look around and I am leaning towards the Barclays/woolwich base rate tracker. It is 0.19% above barclays base rate for the term of the mortgage so it is currently 4.69%. No set up charges and no early…
-
commission rebate on a new mortgage
Hi. I know exactly which mortgage I want to go for (Wooliwch lifetime value tracker, if you're interested). If I went through a broker I know they'd get a commission, whereas if I go to Woolwich directly the Woolwich will save that money. I asked them if they could split the saving with me and (predictably) got a negative…
-
Endowment compensation?
I took out an endowment policy with my mortgage in 1998. I sent a letter to the company that sold me the policy in January 2004 regarding the mis-selling of the policy and the shortfall that was expected at the end of the term. I received a reply back within about a week to say I wasn't mis-sold the policy and I wouldn't…
