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endowment claim help
Hi, I was advised to take out an endowment mortgage ini 1995 which I believe i was mis-sold. However the mortgage was sold by an estate agent which have since gone out of business. The mortgage is with Winterthur Life and the estate agent were representatives of Winterthur Life only. So, what do I do now? I've been on the…
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Credit Record and Getting a Mortgage
Evening all, I have just seen my credit report and while there is nothing major on there, there are some missed credit card repayments from my time as a student about 3 years ago now. We are looking to get a mortgage, how much is this likely to affect me? My credit histroy is fine other than this, including regular…
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Crazy low interest rate
Ok, i'm trying to find a mortgage at the moment for my first home, we're going to get an interest only mortgage for 2 year to start with, then remortgage and get a repayment one. Can anyone tell me why the rate on this is so stupidly low? http://www.portman.co.uk/mortgages/fixed_rate/mortgage_product_detail.asp?ID=1037…
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Duplicate redemption statement fee unfair?
Our lender, Yorkshire Building Soceity, only offers one redemption statement free of charge. Subsequent statements cost £25 ("administration fee"). It should be fairly clear that it does not cost YBS £25 to press a button and have the computer produce a redemption statement. Does this not make this practice a violation of…
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Remortgage help
Sorry to be son dense but I am looking to re-mortgage, possibly changing lender. Can you tell me what charges are likely to apply and anybody who does fee-free as Martin's thread seems to suggest that with a mortgage of 54,000 fee-free is the greatest saving??????????????????? Also, we may move in the next couple of years…
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Remortgage advice
Hi, My wife and I are looking to get a mortgage of £150k with up to a £30k deposit which we will be borrowing from my aunt. My aunt has said that in a few years when we come to sell the property we should be able to remortgage and pay her back the deposit money, as well as having some extra mortgage available to move up…
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Moving house with mortgage tie-in
A friend of mine and her OH have the oportunity to buy a relative's house at a knock-down price. She is 1 year into a 3 year tie-in on her mortgage. She previously had bad credit so this was the only mortgage she could get at the time with cash back to do home improvements. Her question is if she stays with the same…
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Using a solicitor - has anyone succeeded ?
As a pre April 1988 case, with the company who sold me the policy telling me they do not consider I have a case, I am looking at a £20,000 shortfall in 6 years time on an endowment set up in November 1987 of £52,500 A helpfull individual at the Financial Ombudsman Service told me the only thing I can now do is take legal…
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Legal and General admit misselling but offer less than our premiums
My wife and I took out an endowment with L&G in 1988, the year before we married. At the time we were advised of all the benefits, mortgage paid off, cash payment etc, but none of the pitfalls. The agent later went on to leave the company and we received a letter from L&G soon after advising us not to have any further…
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Mortgage Statements
While going through an irritatingly slow and problematic remortgage, I had to get at two different times a mortgage statment printed by Abbey... Each time they charged me £50 for the privilege. Is this refundable? I've been reading up on the data protection act and not sure if this is enforcable, has anybody had any…
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borrowing
I'm a first time buyer and am about to move in to my new house. I can easily afford my mortgage, CT and service charge but i also have a a few loans and credit cards which i pay monthly. It will take me 7 years to clear them all and i'm paying 330 a month on them. I would dearly love to clear them and have ONE repayment…
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First time buyer Help!
Have been looking around at mortgages and have liked the HSBC one shown below. Im currently banking with them, have just graduated from University, and so will be getting a graduate account and am on 18k a year. What do people think of the mortgage below? HSBC Graduate Mortgage with Homestart. Borrrow amount - £90'000 No…
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BTL Deposit Question - Parents Home
My parents (Dad 62 - Mum 58) are currently trying to sell their house (£140,000 Mortgage free) to release some money as they have finally had enough of the long years of poverty. Both parents do not work due to health issues. The plan is that once the house is sold, they will invest the money "safely" and they will find a…
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buying our council property
just looking into buying our council house, not in any great rush tho, but my husband is a discharged bancrupt by a year, what would anyone recommend for mortgages etc, we are complete novices at this, so have no ideas no mortgages buying houses etc!!! so please be gentle, and thanks
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First time buyers help please!
Hiya Me and my partner are looking into getting our first mortgage, my credit rating is fine but my partner has two defaults from his past one £600 thats satisfied and one for £1500 thats hes paying off at the moment (he hasn't had any bad credit for about 3 years) and has had the telewest in his name that has been paid on…
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Advice on Funding Home Improvements
Advice on Funding Home Improvements Currently have a Mortgage for £60,000 House is valued at £140,000 Looking to Borrow £30,000 for Home Improvements What would be the cheapest way to borrow. Can I borrow against the Mortgage or would another type of loan be better. If the Cheapest is against the Mortgage do I need to just…
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Cooling off period
Does anyone know if there is a cooling off period with remortgaging? Had a 2 year discount mortgage with the UnCo-operative Bank. It came to the end and I decided to stay with them for another discount period of 1 year. 3 days after the completion, get a letter saying they are hiking they SVR to the tune of £80 a month.…
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Is this the best mortgage deal for my circumstances?
Hi I have a mortgage of £42000 outstanding with the Halifax with another 9 years to go. I need to borrow another £40000 to extend etc. as my daughter, son in law and grandchildren live with me and we need another bedroom. I have a pension of £25,700 and am looking to spread the cost over 10 years but my family will pay for…
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Interest rates on Mortgages
Do the interest rates go down the more money you borrow? If so does anyone know what the thresholds for the different rates are?
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Graduate Mortgage - Quick Question
I have been reading some of the threads in this forum and it has really helped my understanding in what seems like the very confusing world of mortgages. I will most probably be back to ask more questions at a later date :o , but at the moment we are only just beginning to look into mortgages. I have a quick question to…
