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Mortgage Advice - Quick Question
Hi, Hoping someone can give me a quick steer.... First flat cost 62K in 2000, financed by 75% mortgage (interest only) plus endowment. Sold it in 2001 for 95K and moved to a house at £107k, with 85k mortgage and a further endowment to cover. So I have one mortgage and two endowments, all due to mature in 2025. My question:…
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ripped off i think
Dont Believe I was so stupid,had a mortgage protection ( sickness/unemployment) only found out when i had cancelled it last month.Having only being paying it unknowingly for 10yrs approx.it started when my wife passed away 2002.Thought My Mortgage would be payed in full but when my wifes brother called the company they…
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Can I still claim if I've already cashed in the endowment?
Hi I think this may be a daft question, but I was wondering if I can still claim some kind of compensation on my wrongly sold endowment mortgage if I've already cashed it in? I held it for a few years before I realised it was a total waste of time and when I cashed it in only got peanuts! At the time I didn't realise that…
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Had a compensation offer but..
Under the heading - Amount you would have repaid under a repayment mortgage from the offset the figure 2984.25 appears. However, the mortgage was attached to this endowment for 5 years and the cost of the endowment over that time was £67 x 12 x 5 years = £4020. This would be the amount paid off the capital if it was on…
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Overpayments
I have just taken out a 10 year fixed rate repayment mortgage at 4.89% which allows overpayments of 10% each year. The total term for the mortgage is 15 years. Can any mathematician out there tell me by how much I could cut the term if I took full advantage of the 10% overpayment facility?
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Porting your mortgage
Could someone explain how this works please? What happens if the current mortgage is higher than that needed to buy the house you want to 'port' the mortgae to? What about if it is a fixed rate interest only? Thanks in advance!
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Endowment help needed, please
We have had two endowments policies running for 18 years. These policies have changed hands over the years. For the past two years we have been contacting the present company Winterthur, who have told us “hard luck” and sent figures, which did not add up and made no sense. We also contacted the Ombudsman and said ‘no…
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Mortgage Help please, figures included
I have 5 years left on my 25 year policy, what I want to know, if anyone can help, can I clear my mortgage earlier and also what might be the best options I have with the information list below. Halifax repayment type, annual mortgage statement details. Amount owing at 30.04.2006 = £33,613.91 Total amount to repay =…
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Will I have to pay twice?
Our current mortgage is with Abbey, the next payment is due 1st Aug. We are remortgaging to get a better deal, this completes on 2nd Aug. I understand that this first payment will be around £600 rather than the normal £400. Will I have to pay Abbey on the 1st then Britannia on 2nd or will the Abbey payment be cancelled…
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windfall
I have a interest only Mortgage of £40,000 @ 5.29% variable that has 8yrs 6mths left to run.I have Endowment policies with Standard Life that are not going to payoff all the mortgage i dont know exactly how much the shortfall will be but its not about that i need advice on.I have been left £20k and would like to know what…
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Missed 1 Mortgage Payment!!!
Hi, just wanting some advice on how bad this is.. I missed my July mortgage payment on the 28th, I didnt realise I had another payment coming out and the same day, and although I put money in at 7am, Cahoot apply debits then credits, so the mortgage payment bounced :eek: I've managed to get refunded some charges from…
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compensation offered-advice please?
£20,000 endowment taken out 1997 paid off in jan 2000 premiums only continued due to waiver because of ill health. have been offered £982 compensation. just filled in forms for review of waiver, if not accepted will probably cash in endowment as unable to afford premiums, or may just let it run its time. any advice would…
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Increase mortgage
Would it be possible to increase your mortgage for an extension if you have a default and arrangements to pay on your credit rating? They have never been late or anything on mortgage and house valued £235k, mortgage £100k. Thanks
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1st time buyer, buying abroad
:confused: I would like to buy abroad and live in a tied cottage at present, any suggestions for a first time buyer buying abroad as to mortgages and any dos or don'ts as I know this can be quite a risk. Any help appreciated R :confused:
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Endowment Policy
Hi all, I had an endowment policy 5 years ago with the Bradford and Bingley is there any chance that I can still claim. I am still with Bradford and Bingley with little to pay. Thanks all
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Northern rock/searches
How many credit checks are okay for mortgages? Where 1st time buyers and rang a few companies for quotes, except i discovered when i rang northern rock directly that 3 searches have been done with them so far. So im worried more has been done. How many is damaging and would an accepted mortgage be then changed to be…
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Would we get a mortgage?
Hi all, I've been reading this forum as a lurker for a while, and now it's time to ask a question of you good folks. My girlfriend and I have been living together for two years now, and would like to buy a place. I earn 49k per year, and her about 30k. The place we are currently renting costs us £650 month, plus bills. Now…
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endowment shortfall
I have sent in a claim for endowment shortfall but i am not sure how to answer questions they may ask me. How can you claim when it says on my origional brochure that any shortfall must be made up by the borrower? Surely an element of risk is inherent with this financial product? Could anyone advise me on the procedure for…
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How long to get a mortgage offer
I`m hoping to porti my mortgage with Nationwide, with no additional lending. We hope to exchange contracts by the end of August and have an appointmrent with a Nationwide mortgage advisor on Friday, this leaves 26 days to get the mortgage offer to the solicitors. Do any of the motgage advisors on here now how feasible this…
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Our Mortgage Application Was Refused - Advice Please
Hello everyone, I'm new here and quite desperate and confused. On Tuesday my fiance and I applied for a mortgage and it was refused. They say that I had undisclosed credit on my credit file - but I declared everything I have. I also have my Experian report and it shows nothing, in fact my score is 934! I'm completely…
