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Endowment Growth Query
How can I find out how my endowment has been performing ? I have an illustration that tells me how much it will over/underpay at 4,6,8%, but what I want to find out is at what rate has it grown, or is it growing at the moment, yet the Pru tell me they cannot calculate this information ? thanks mike
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Mortgage for a second home
Hi Everyone - I've been fortunate enough to inherit some money, which means that with the help of a mortgage I should be able to afford a holiday home in the UK. I currently have about 14 years left on my current house, at the mo on a fixed rate from Portman. My questions is (or in fact are): 1. If were to simply increase…
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Nottingham BS income multipliers
I'd be grateful for some advice. I am selling my house and really need to work out what's the minimum offer I could accept. Here's the situation I earn £31,500 and my boyfriend earns £30,500 however he has only been in this job for two months. he will be eligible for a bonus of anywhere between 15-25% annually. It's not…
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Standard Life Endowment
Hi, Looking for a bit of advice. I have a standard life endowment (taken out in 1989) with profits. As per many other posts they have seriously underperformed (have others but pre 1988 so can't claim). Approached the Fccs to find out that the company I bought them from is no longer trading (what a surprise!) and that they…
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Another Standard Life Endowment Question - stay or go?
Hi I'm hoping someone can be very kind and help me with this. Just received my Standard Life Homeplan Yearly Statement, as follows Plan started 28 June 1994, matures 28 June 2019. Monthly payments - £67.08, target amount £47,502 Total plan value on 28 June 2006 - £10,685.21 (total fund value £10,077.90, final bonus…
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Quick Question
Quick Question for everybody out, when you've agreed a mortgage how long does the agreement last for. The reason I ask is I'm planning on re-mortgaging in January but am worried the interest rates will continue to rise, didn't know if I could agree a mortgage now and take it up in January. All advise welcom.
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How long generally before the mortgage ready to drawdown.
A friend has had her mortgage agreed in principle and has been told that the mortgage forms will take a round 4-6 weeks to process. Is that about right?
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Unit based Endowment Tips?
Hi all, I have a Lincoln Unit based endowment which I started in 1995. I'm looking to sell it but most companies seem to stiplulate "with profits" endowments only. Mine is Unit based. Does anyone know where I might sell it? Thanks Simon
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30 years of redemptions
Hi - I've just discovered that my mortgage company has a redemption penalty applicable until the year 2030 !! Is this legal - I thought that the redemptions were usually for the first few years during the discounted period. In this case the first 3 yrs attract a 6 % penalty then 1% thereafter forever, however, the discount…
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borrowing against my share of house
hello every one, here goes with my problem, we are currently living in australia and have been for nearly two years, due to family problems ( don,t ask, way too much stress involved etc) we are planning on returning soon , my wife will be staying on in oz temporarily so we can keep the cash coming in ( bless her ), the…
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Re-mortgaging
Hello , I am new to the chat forums. I am currently looking at remortgaging and cannot find a calcultor that covers what I want to find out! I have an existing mortage with Northern Rock. This was fixed for 2 years. The mortgage value is £123000 with 23 years remaining. OUr house is probably worth about £150000 - £160000.…
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re-mortgage - brokers help wanted
hi guys, im in need of some help from a mortgage broker. Im a britsh citizen but who is living in new zealand, so i am classed as a non-resident now. I do however still own a house in the UK, which is rented out. My fixed term is up with the Abbey and i want to re-mortgage and take out some of the equity in the house. The…
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Many thanks
This thank you is going not only to Martin but also to all you lovely moneysaving experts out there. Because of advice received from the site and from individuals I am better off today than ever before. 3 endowment mortgages - 2 paid compensation totalling over £1200 and 3rd one on it's way to financial ombudsman. I have…
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BTL - recemmended lendors / brokers? interest only or repayment, hmm? help!
Can someone suggest a good broker or lendor for a BTL. I have a 15% deposit. Also, I have recently started working as a Contractor rather than permanent employment. Finally, I was told that most buy-to-let mortages are interest only not repayment - this sounds quite surprising to me as I simply dont see that many…
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Equity release mortgage?
Hope someone can help! We are in the fortunate position of owning our home with no mortgage outstanding. it is worth around £200,000. However we are looking to essentially borrow against the value of the house to do some alterations, at a cost of around £15,000. Various people have said this is essentially a remortgage as…
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Alliance & Leicester 4.44%
Just had a leaflet through the post offering the following:- Initial rate 0.06% below BOE for 2 years, currently 4.44% then 0.99% above BOE currently 5.49% Product fee £499 Plus £250 cashback for being a Premier Current Account Customer, as long as I apply by 1 Sep. Currently got a first direct offset that’s out of its…
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Selling Endowment Policy .. strange urban myth ?
Hi I'm in the process of selling my 10 year old endowment policy to Robin Lloyd ... as they offered me about 20% more than the surrender value. However I mentioned this a colleague at work, and he said he'd heard of stories where people who sold their endowments were then bumped off by Eastern European gangs so that they…
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hi all
me and my husband remortgaged 2 years ago because we were silly with money and hadto pay of debts we pay £500 a month on our mortgage wich leaves us with nothing after bills are paid what would be the chances of us being able to move house if we have bad credit would anyone want to give us a mortgage HELP not a clue were…
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Chelsea Remortgage 6% Cashback - Good Idea or Not?
I am about to look into remortgaging and have been tempted at the Chelsea 6% cashback mortgage which will be fixed for 5 years at 6.49%. The remortgage would be for £105000, cashback £6300, the cashback would then pay off the majority of our debt. Or on the other hand I could remortgage and borrow the extra to add to the…
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General Mortgage Debt Advice
Hi All, just would like your opinions on the following: Current re-mortgage taken out last year, £90,000 over 25 years, variable because we hope to move in the next 12 months. Re-mortgaged due to debt consolidation, partner had £25k, myself £15k. We are currently 28 and had loads of debt from past lives. Equity in house…
