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Policy surrender 'Deduction' rip off ??
I'm in the fortunate position that due to some property dealings, I can now pay off my mortgage. I've had surrender values from Friends Provident for the endowment and a settlement figure from Halifax for the mortgage. However, not withstanding the fact that the policy was undoubtedly one of the worst performers on record,…
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proof of income required? on buy to let
Hi does anyone know for definate if any of the following check or require froof of income on their BTL mortgages ?both before and after acceptance Chelsea , Birmingham Midshires , GMAC , Bank of Scotland? I am living on my savings at the moment and am about to start up self employed so as such have no income , I am looking…
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Anyone got an Excel s'sheet calculator?
Just wondered if anyone has an Excel calculator they wouldnt mind sharing with me? Basically I want to be able to enter the amount of the loan and what our weekly repayments will be and it to work out and tell me when the loan will be repaid. I have tried myself but I can't get the interest right so it doesnt seem to make…
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Windfall - pay Endowment or Repayment Capital?
I have a split endowment/repayment mortgage and have recently come into a bit of money :beer: Now what's the best way to use it? I have no expensive debts, only the mortgage to speak of. Should I pay off part of the endowment sum or a slice of the capital on the repayment? Neither have hidden penalties or clauses as far as…
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transfer of equity vs remortgage
Hi any advice please. I'm separated and going to do a transfer of equity to take my husbands name off the mortgage and it'll be mine all mine... and the debt too!! I've been told I have to pay a solicitor fee to do this. It occurs to me that after then I may want to remortgage to get a better rate as I'll need to save…
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Nationwide fees
Our fixed rate with the Nationwide is coming to an end in September. If we do nothing we go onto their SVR mortgage, if we want to change to another fixed rate or tracker they will charge a fee of £400. Does anyone know - do they always charge or can you haggle to get this down. Haven't done this before so any advice would…
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Advice needed
I have a joint mortgage with my OH through Bank of Scotland, and due to my OH starting a business we made the (in hind sight a little stupid) decision to take out an interest only mortgage without making an provisions. we planned to keep it interest only for the first 3years while we both got more sorted with our finances…
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virgin one account
anyone got any idea if this is any good, i tend to get a little lost the more i read :|
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LTV 85% + Sub Lender!! Tall order?
Can anyone help, I am looking to borrow £300K against property value of £340K. I have no CCJs but do have missed credit card payments I am looking to consolidate the credit cards which total £10k and also car finance (no missed payments total £9500) I am currently with IF and haven't approched them yet. My current mortgage…
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part repayment part interest
I have been on here loads the past few days, boy am i getting a headache with all these options. As some may know i was only about applying for an interest only mortgage of 100% £82,000 over 35 years. I do need a repayment vehicle in place. My boyfriends parents have very kindly said they will pay into the ISA for us. But…
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credit search question
please move if I've posted on the wrong board. Posting here because I think mortgage experts will know about credit searches. I'm with other half and we are filling in a form to get a loan for fitted furniture. Only doing a loan because Sharp's offered us a big discount if we finance the purchase via a loan. Checked that…
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Should I pay off the mortgage and run??
My mortgage is due paid Feb 08. I pay 355 per month (overpayment of 290). My endowment is 32 per month. I am looking at paying off the mortgage. The endowment is due Feb 08 and they have given me a redemption now of 6,200. To pay off the mortgage is 8,300 and I have the 2000 in savings. The endowment is with Sun aliance…
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mortgages and bad credit
Hi Is it possible to get a mortgage with a bad credit rating and a ccj? Many thanks
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where to now?
Hello all, can anyone offer any advice? I was sold an endowment by a solicitor back in 1991 hence financial ombudsman service cannot help law society cannot help since the act which enables them to direct the solicitor to pay compenstation came into force in April 91 and I was sold this endowment in Feb 91 (I have been…
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FYI: Standard Life 'over-increase' variable rate
. . . from 5.95% to 6.26%, that is they've taken advantage of the rise in the Bank of England's interest rates to up their rate by 0.31% (rather than by 25% to mirror the BoE rise). Tis no wonder one has no sense of loyalty to any of these outfits. :mad:
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Remortgaging
Thinking of going for a 2 year deal with Nationwide at base rate - 0.13%. Fees will total £598, nothing to pay to redeem mortgage at the end of the deal. Amount is £150000, interest only.(we have repayment covered). Are there better deals out there?
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help! best mortgage lender for shared ownership
hiya, tried buying our house from council but gave up after 16 months of being messed about only to find far too many strings attached, not the great investment we had hopeed anyway, we've decided to look into shared ownership wow what a mindfield, any tips would be greatly recieved, best mortgage lenders, what to look out…
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Fast track Re-Mortgage
Hi In Aug 2004 i arranged a 2 year fixed rate mortgage of £180K with a deposit of £60K (total property value £240K) As the LTV ratio was Sub 75% and my 'official' salary was/is lower than it should be to be eligible my mortgage advisor arranged for me to have a 'Fast-track' mortgage with the Halifax. This meant that I…
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Overpayments - What am I missing?
OK, I was never bad at maths but I must be overlooking something obvious, or misunderstanding, and now its making my head hurt.... I have a £185,000 mortgage about to go to 5.29%. I was thinking of overpaying. Running it through the overpayment calculators (eg channel4) Without overpaying: 25 years, total repaid £333,893…
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Halifax Launch new products
NEW FANTASTIC 4.49% 2 YEAR FIXED RATE FOR HOMEBUYERS 0-60% LTV with a £1499 arrangement fee Maximum loan £7.5m 2 Year Refinance rates with fees (£125,001-£250,000 & £250,000+ range) reduced by 0.25% now at 4.89% & 4.79% With effect from THURSDAY 17TH AUGUST 2006
