-
Am I being ripped off?
Just this year I found out that I am the beneficiary of 2 AIG Accident and Life Endowments. The 2 policies, one account opened by my grandmother and another account opened by my grandfather in 1946. So these accounts are over 60 years old. I have no details about the accounts like initial premiums or interest accrual…
-
Confused ... Can Someone Help ?
Hi Folks I apologise if this has been asked before, but I'm running round in circles trying to find some sound advice on a missold endowment policy. My situation is that I have been informed by my current endowment company Winterthur Life that my endowment will have a substantial shortfall at the end of my mortage term in…
-
Northern rock?
Hello I am new and firstly I would just like to say hello! Now, me and my partner are looking for a mortgage, as we are coming toward the end of our tenancy agreement, and are sick of paying rent (£500pm) when we could putting the money toward a house of our own. We have quite a few defaults but no CCJ'S, and we both work…
-
Confused about whether we would need a BTL mortgage!
Hello, We are discussing various options that we might take in a few years time, and we realise that with property we can only speculate what our property and other properies will be worth, but if anyone can clarify the below situation I would be grateful: In 5 years time, if we had fully repaid our mortgage on our current…
-
New product to the market - possible help for people who cannot borrow enough?
There has been a new product launched this week which is aimed at people who have a deposit but cannot borrow enough to buy a property or are struggling to release enough of their equity in their current property through a traditional remortgage. The product works something along the lines of this: 5% deposit upto 80%…
-
Remortgage possible when income decreases?
This may sound like an obvious question, but if income significantly decreases after an original mortgage is taken out, so that it would not qualify under the 3.5 times salary or whatever multiplier is used, would I then be stuck with my original mortgage? e.g earning 50K+, mortgage 165000, (10% dep) but salary drops to…
-
bad credit but want to re mortgage
hi all i posted on here yesterday about not using a finacial adviser or broker to re mortgage my partners property and thanks to Andy i have now made an appointment at a local financial advisor that has been recomended to be by a member of my family, but my appionment isnt until Tuesday and i am now worrying that we wont…
-
18 Wasted Years. My mortgage tale of woe...
18 years ago, when I was 20, I bought my first ever house. All the initial arrangements were done through the estate agents recommended financial adviser and I was offered an interest only mortgage with Natwest and an endowment, which I'm now led to believe was with Royal Sun Alliance? It was all very new to me and I admit…
-
Mortgage Broker question
Hi, I'm currently renting in the expensive M3/M4 corridor and I am unsure how much I am likely to be able to borrow should I wish to purchase a property. Mortgage calculators help, but tend to be a little light on the criteria I can put in so I have been using them as a worst case offer. Is it possible for me to go to a…
-
How to pay endowment matured shortfall
I have just received the proceeds of my endowments and they are £5000 short of being able to pay off the mortgage. Should I 1. get a loan to cover the shortfall and pay it off? 2 Pay off what I can and carry on paying off the interest on the outstanding £5000?
-
Endowment Settlement Calculation????
As a result of this site (BIG THANK YOU TO MARTIN) I lodged a complaint against the Building Society who sold me my L&G endowment. The policy was taken out Feb 1988 so wasn't confident that I would receive anything. Offer received (eventually) for £797.52 today but I disagree with calculation. The endowment was taken out…
-
Mortgages and Property Auctions?
Hi guys, I wonder if anybody can help me, i would like to buy a property at auction but i need to do some reseach regarding the timescales of getting a mortgage. When buying at auctions i will need to complete within 30 days, so is there any company that specialises in these type of transactions? or could i go with any…
-
Mortgage payments
Is it better to pay a little extra on the mortgage every month or save it until savings equal ammount owed?
-
remortgage or equity release
can you remortgage if you dont have a mortgage on a property or is this known as equity release? my mother is looking to purchase something and due to the timescale it needs to be a quick purchase i.e. cash, but she doesnt want to tie up all her savings. We are looking at mortgage options at the moment. The purchase price…
-
rich
right then, am a 1st time buyer, earn £35000 wife earns approx £5000. no deposit. can i get a 100% mortgage, if so how much can i get. and who or what is the best place to go for advise. i live in the forest of dean cheers
-
One Account FMO Price Rise
Just to give people a bit of warning, the One Account will be increasing the flexible mortgage option SVR by 0.35% and not 0.25% with immediate effect. This is an extra interest rate rise the company has added to gain from the BofE announcement on thursday. And unless you are not already aware the administration fee…
-
who will lend on a shared ownership?
Hi, does anyone know which lenders would lend on a shared ownership scheme? best wishes Luke:beer:
-
Mortgage Insurances - Which To Go For?
Hi everyone, Not sure if I should be posting this here or on the insurance board but here goes! I've been sorting out my mum's finances recently and have just sorted out a remortgage for her. Now I'm turning my attention to what insurance provisions she has in place for it. As far as I'm aware the kind of things most…
-
Near the end Fixed Rate Mortgages
We only have 5 years to go on our mortgage and have just come off a fixed rate fixed term with NatWest (little darlings didnt warn us it was coming up just go t a letter today from the to say that it had now ended!). Does anyone know of an insititution that is offering a good fixed rate for people like us with only a few…
-
5% mortgage??
I am in a bit of a strange position in that I have 260K cash from a house sale, and am looking to buy another house for around 265K, however I would need some kind of loan to pay the extra 5 thousand and stamp duty. As my credit rating isn't that hot (1 4-year-old default, repaid in full though) I was thinking I would need…
