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Need advice on how to clear mortgage!
This is my first post so please bear with me. My brother and I bought a house in 1988 with an endowment mortgage. We each had a life assurance policy covering half the mortgage (approx £26500 each). In 1998 my brother transferred his share of the property to me whilst retaining his policy. Currently the mortgage is at…
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OneAccount or First Direct Offset?
OK, so I've decided to remortgage. As I often have a relatively high positive balance in my current account every month and I like the idea of flexibility, offset sounds like a really good idea for me. The OneAccount "mortgage shrinker" reckons I'll pay off my remaining £90k mortgage in under 3 years! :j Yeah, right! But I…
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endowments- to sell or not to sell?
I have come to the conclusion that, due to the fact that we have NO money and are continually broke, the money spent on one of our endowments could relieve the monthly cycle of staring down the barrel of an overdraft to barely breaking even. So... What is the best way of selling an emdowment? Is it just a matter of…
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Any advice on which mortgage lenders are best for Shared Ownership properties?
Hey Guys Hope that you can help.....me and my other half have been given the opportunity of purchasing a part share of a Housing Association property and we could do with some advice on the best deals out there. We have been told that only around a dozen mortgage companies lend on shared ownership but we have only managed…
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Endowment Mortgage - Ombudsman says NO
Hi We took out an endowment mortgage in Feb 1988 - Ombudsman says as Company is no longer trading and it was before April 1988 there is nothing they can do. Does anybody have any advice? Please!
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1986 Mortgage Endowment Query
Hi We have a £35K Friends Provident mortgage endowment policy (started 3 April 1986) sold by a local IFA, which is under performing by ~£12K assuming 5.5% growth. We wrote to the IFA in 2003 complaining about the circumstances of their advise to choose an endowment instead of a repayment. Their reply indicated that the…
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People's Opinion
Just after people's opinion, am in the process of thinking about re-mortgaging. I know people can't see into the future or have a magic ball but was wondering if the deals about will be roughly the same in January when I was thinking of arranging the remortgage (I have my reasons)...Also what are people's thought's on here…
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flexible mortgages for unemployed
I am sick/unable to work at present and in my fourth year of a capital repayment mortgage. What is the likelyhood that I could change to a flexible mortgage option?
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Financial adviser/endowment provider
I have an endowment policy with one of the big providers. However, it was sold to me years ago by a financial adviser as a means of providing me with a substantial sum at the end (i.e. my mortgage is not based on this policy). Well, we all know what happened to the big promises. I want to complain and the logical place to…
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Another lender comes to their senses!!!
Great news. After my rantings quite some time ago now, I felt I was banging my head against a brick wall. I was annoyed that, in this day of "computer says no!" when trying to find out how much people could borrow, only Halifax were working on a "quotation Search" type credit search to provide an Agreement In Principle.…
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How much can I borrow
It seems there are a million mortgage calculators out there but not a single site that can tell me the following... I earn a basic salary (let's say £40k), plus I get a company car (let's say its cash equivalent is £500 per month). If I am applying for a mortgage, will it be based just on my basic salary (i.e. £40k) or on…
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Countrywide Assured - Time Barred
Friend of mine in a real panic/worry over her endowment shortfall. She is being told that she is now 'time barred' from making a cliam against her endowment provider (Countrywide Assured). My friend received a red letter from them back in 2004 and they are saying she should have acted then. However for whatever reasons…
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Ombudsman: Does this sound hopeful?
We have an endowment mis-selling claim which was refused by HSBC, but we referred it to the financial ombudsman. We've just heard that the FOS have pointed out that complaints about the mortgage protection policy and churned endowment policy will need to be made separately, so this has been done. Does this sound like they…
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New user advice
Hi, I have just registered on here in the hope of finding some unbiased advice as most of the advice i can get is from Banks with their own agenda's. I am self employed in my own retail shop and have been doing quite nicely of late, i am not tight but careful with money (thanks Dad) and have built up a bit of a stash which…
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Colonial (now Winterthur) misselling
Has anyone got any ideas that might help me? In 1992 my now husband bought a new house and was sold an endowment policy from Colonial, who are now owned by Winterthur Life. It was before my time with him, so I was not party to what was going on. He was told, verbally, that the policy would certainly pay off the mortgage of…
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Looking for a independant mortgage broker
HI all, after following the posts here reading all the good advice offered, i want to take the plunge into the minefield, that is to re-mortgage ones house. Please could I have some recomendations for a Independant whole of market mortgage broker operating oop North, Bathgate and Livingstone area Scotland. looking to…
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Endowment policy complaint not upheld by Nationwide
I wrote to Nationwide using the recommended template and stating that we were not warned there was a risk of the Standard Life Policy, taken out in 1987 when we moved house, not meeting the target amount and were indeed sold it on the basis that it would give us a bonus too. They have replied saying that as we already had…
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Valuation or homebuyers report?
We are about to buy our first house and when we finalise the mortgage next week we have to send a surveyor to value the house. Our mortgage provider (Northern Rock) are extortionate for this, charging £480 for just the basic £480. Its “only” £685 for the more complete Homebuyers report and I'm therefore wondering if its…
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Mortgage Help first time buyer
Hi, I have been looking at mortgages and there is so much out there, I am overloaded with info. I would like to borrow possilbe £12000 I earn £28500 at current but my pay will go up each year. I have no deposit just enough to cover solictor fees and valuations. I have looked at so many can some one just give me some ideas…
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Should I remortgage?
I currently have 22 years left on my mortgage with £39900 left to pay. My flat was originally valued at £43,000 3 years ago but the going rate now appears to be around £70,000. (In 2 minds whether to get a new valuation) I am currently getting £19,500 a year. I was thinking of remortgaging for £55,000 to pay off all my…
