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Is cash from surrendered endowments taxable?
Hi, I am about to surrender my endowment but wonder if the surrender value is a) Taxable as a total? b) The bit over and above what I paid in (ie Profit!) is taxable c) Only taxable if I don't use it to pay off my mortgage Any simple advice appreciated.
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Insured against a mis sale.
I've heard a few people on the board say that by using a broker you are insured against a mis sale, under what curcumstances can you claim for a mis sale? I don't have an endowement mortgage but was just wondering, plus who pays any compensation (broker or someone else). Sorry if this has been asked before.
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Remortgaging - who adds up the numbers?
Currently going through our first remortgage process and what seemed to be going really well has suddenly come unstuck. The story goes like this, Approached our current lender to get as accurate a redemption figure as we could knowing that this is likely to change a little due to interest and payments made because the…
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Complaint has been ignored. Now what?
Hi all, Has anybody else’s initial complaint letter been ignored? I was sold a Legal & General endowment mortgage in March 1996, the target amount was £29900. I received a letter from L&G in the last year telling me there is a significant risk of a shortfall so I decided to use the ‘Which?’ websites letter generator to…
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pathetic endowment compensation
I went through the entire process to complain to Barclays about my 2 Friends Provident endowments. This as many of you will know required considerable hoop jumping and searching through old paperwork. 1 was for £28500 taken out in 1987 and the other £3000 taken out about 3 years later. Both have significant shortfalls. 2…
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Any suggestions please help
sorry for bumping this one Please help me decide I'm a new member looking for some advice regarding my endowment policy.I took out in July 1994 I have received a statement and i'm just wondering whether to keep it or stop contributing towards it.I just keep receiveing Guardian financial services letter stating their ever…
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Endowment miss-selling prevarication
We were sold a Std Life policy in 1991 by an IFA. We used Endowmentaction to produce and send a complaint letter to the IFA. That was 1st May this year, we have since had an acknowledgement letter, and 2 subsequent letters (1 June & 1 July) saying they are still investigating & have not been able to complete the…
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Preparing to be a Single First Time Buyer
Hi All, I'm just starting out on career & property ladder and currently earning £24,500, which should rise to somewhere nearer £30,000 in the next year. I've just signed for another rental property for another year at £600PCM, but i'm very concious that I don't want to 'throw my money away' in this way for too much longer…
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Paying off a Mortgage
I have now reached the age of retirement, & I am about to pay off what remains of my mortgage, £11,600. Question is, Should I pay off £11,400 and leave £200 outstanding so as to avoid storage fees for the 'Deeds'. Storage fees could be up to £75/year, whereas the interest on £200 would only be about £15. What are the…
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My first Mortgage, with credit problems
Hi everyone, im hoping someone on here can point me in the right direction as ive been struggling to get this problem resolved, ill try and put as much info in as possible. i have a damaged credit file, 3 defaults ( 2 are settled ) and 1 still being paid off but it is registered as defaulted on the credit file. all these…
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Help - is there a mortgage like this available?
I have a problem that I hope someone can help me with. My husband and I (sounds pretty royal doesn’t it!!) live in a bungalow with a few acres of land. We love the place and do not want to move. The trouble is that due to a change of circumstances we are struggling like hell to pay the mortgage and other bills, we have…
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Remortgage Time - Can I get the following?
My tie in for my exsisting mortgage runs out at the end of October. I currently have approx £56,000 left on my mortgage on a £140,000 property. I am looking for a mortgage which has the following and was wondering if anyone knew of a company who has a mortgage which would suit? 2 or 5 year Fixed RateNo tie in period beyond…
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Standard Life Endowment
:mad: My mother held a mortgage endowment with Standard Life bought through an IFA in 1993. After the endowments saga, I enquired on her behalf, of the value of the endowment in 2000 and they advised her that there is a possibility that there will be a shortfall. The only action I made her take was to change her mortgage…
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Endownment pre 1988
Has anyone had any success with a complaint regarding an endownment sold pre April 1988?
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Remortgage & Stamp Duty
Am remortgaging and at same time putting property into joint names with my wife rather than sole name with me. Apparently the sole to joint bit is potentially liable to stamp duty if (I think) half of the mortgage value is greater than the stamp duty threshold of £125k. The mortgage is for £165k, so I think I am OK, but…
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mortgage and maternity leave...
hello, I am on maternity leave at the moment and was wondering how that is going to affect our mortgage apllication. I am supposed to go back end of january but in fact I will stay with baby and give up work. My question is for how long are mortage offer valid for (is it 3 months?)...? For example if i apply for a mortgage…
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advice on guarantor mortgage
my son has recently graduated as a teacher. At the moment he has a potential income of £18,500 per year, but no permanent contract. (He will doing supply teaching) Is it possible for him to get a mortgage as a first time buyer with me as the guarantor, as I am a home owner with a good permanent salary. If so would it be…
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Remortgage help
I am with the Halifax, what company is the best to remortgage with at this present time, I don't know to much about this sort of thing, but would Alliance and Liecster be a good choice, I have a meeting with them on Thursday
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Can you walk out on an existing mortgage???
Hiya all!!! I don't know where to turn to...So, I hope you could help me...This is plea for help...I have taken out a mortgage with my mom about two years ago and have lived with them in that house...Now, things are getting out of hand and nasty that we don't want to stay in the house any longer...I have spoken to them(my…
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Flexible Mortgage savings pot vs Mini Cash ISA
I have opened an Abbey flexible mortgage which allows me to offset the interest on my mortgage by the money I have paced in its saving pot. I have already transferred several thousand pounds that I had in an online bank account to the savings pot. As I was paying 40% tax on the interest in this bank account, then moving…
