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declaring credit card debts
Hi all, looking to remortgage, going to borrow some extra on the house for a mixture of renovation / pay of the credit cards (have calculated overpayments will pay it off quicker than on the cards). was wondering what to put on the application form, where it asks for credit card debts. the debt exists now, so i guess i…
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Have I been mis-sold, or just unlucky ?
Hi chaps I have been seeing many comments regarding successes claims regarding people being mis-sold endowments, but I am unsure whether this includes me... I remortgaged in 1998 in order to reduce my outgoings, and my advisor (employed by the company who the endowement was with), went through the details and then sent me…
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Will lenders accept rental income?
Im thinking of buying a house and i have a large deposit (50%.) The remaining 50% will still be 5 times my salary (Average salary statistics bear no relation to the wages here) Anyway, im looking at a two bedroom terrace and already have someone lined up to rent a room off me. Will any lenders accept that as income?
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Buying new house - Self employed - NEED HELP!!!
Hi there Im after any advice i can get! Basically, were looking to buy a new house, but recently i have become self employed and need advice about self employed mortgages, especially, when i cant prove my income as my accounts are only 8 months old and i am unsure how things will pan out. These are the figures:- Current…
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re-mortgaging and changing jobs
Hi all, We are looking to remortgage as our deal runs out in september, when i am also changing jobs. Should i wait until i have moved jobs to apply for the mortgage, or will it not make a difference ? Cheers Stu
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Is this endowment worth keeping
Its with NU and is almost 8 years old and was originally supposed to return £71160 Guaranteed sum assured £27000 Declared bonuses £2000 Surrender value £7800 Monthly premium £120.55 Maturity date 28 Oct 2023 Maturity projections 4% £44200 6& £56400 8% £71400 cheers Paul :confused:
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resolution endowment
Hi - just seen the following article about the switching of endowments to Resolution and the legalities of how the endowments have been invested since - could be of help to some poor souls (like me) who are stuck with this shower.…
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Northern Rock Together mortgage
Hello :) I was just hoping someone could give me either experience or knowledge regarding the Northern Rock Together mortgage. As most people are aware, it's an up to 95% mortgage, with an unsecured loan on top. We have applied, and were successful with the application for the mortgage, which we were thrilled about seeing…
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Novice question .. planning to move house
Our current property is paid up and we are thinking of moving house. We plan to keep our current house, So, if we now get a new mortgage, will we have to put up our old house as security? We are hoping that it wont, so that, no matter what happens, we have our current house to fall back on. Thanks in advance.
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Abbey misselling chaos continues
Mail on Sunday Some people are waiting for over a year.
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FTB mortgage HELP!
My partner and I are FTB. We would like to borrow around £315K but have no idea whether anyone will lend us this sum. Have seen thatsome lenders lend based on affordability. We could repay around £1500 pm (approx). We are aiming at having the 5% deposit required. I am earning £38K working full time and my partner's a self…
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Selling Standard Life WP Endowment / Free Shares
Hoping someone may be able to help on this. Have a policy I wish to cash in before it has run it's course. Will end up losing a few hundred on what I've put in, but it will get me debt free and the reasons I had for setting up the policy no longer hold (was set up to provide a lump sum to emigrate in 10 years time) I've…
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Remortgage
Hi I have compared remortgaging costs as my present deal is up this year and I still have £42000 left on my mortgage. I also need to borrow another £38000 to extend the property and pay off debts. My earnings are £25700pa and I would like a deal for 9/10 years as I am nearly 56 and want to be clear at some point! The…
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FTB mortgage query shared ownership
Ok, I am hoping to purchase a property on a shared ownership basis in the next few months (private as opposed to via housing association) and just have a few queries. Firstly I earn a gross basic of £21,000 and with bonuses its likely to be £26,000 (conservative estimate) I have loan commitments for the next 4 years of…
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Pay off Mortgage or invest the capital
What is the best option? There is much interest and discussion in paying off a mortgage at the earliest opportunity by investing any of your free your monthly income against your outstanding mortgage debt. Given that you have an outstanding mortgage of £50,000 and have acquired some £50,000 cash. What is the best option?…
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Will Mortgage with Foreign Bank show on Credit Rating
Hi, I am in the process of looking to buy a property in Portugal, where my parents live. I have already met with my parents bank manager in Portugal, and he confirmed that as long as my parents act as guarantors (which they are happy to do), he would be able to offer a 90% LTV mortgage (maximum value dependent on proof of…
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Endowment claim not upheld
Hi, I took out an endowment in 1995 for £41,000 and s the policy is likely to underperform by at least £10,000 decided to compain to my IFS before the deadline passed. I used the template letter to make a complaint on the on the basis that:* The endowment was not suitable for me. Other options for repaying the mortgage…
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Cashing in endowment
I have 2 policies with Standard Life both of which were supposed to be with profits but both have 'warnings' issued. A financial advisor has told me to cash them in. However if you open up the Saturday papers there are plenty of firms keen on buying endowments. If they are such a lost cause why does anybody want to buy…
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Have we had a fair deal from FSCS
We took out an endowment with STANDARD LIFE through a broker APFS to top another endowment to buy our house in 1996. The endowment was for £12852.00 and like most people with Standard Life got the dreaded red letter at the end of last year (before I had even heard of MSE). At the low rate we would get back £8600.00 and at…
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FTB advice with eligibility
Hello I am a first time buyer and my partner and I are looking at buying a new build property where the builder pays the 5% deposit. I work full-time and have been with my employer for over a year now. My gf is about to start on a graduate management scheme but has been unemployed for the past 6 months. How does this…
