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Delayed compensation settlement
Hello to all I need some views as to how I can expedite the payment of mis-selling compensation. Our endowment mortgage complaint has passed thro' the FOS process and we have been awarded compensation February 2006 - binding on the firm. The compensation was to put us into the position we would have been in had we been…
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Interest-only mortgage from Woolwich : how they rip you off
Wanted to let you folks about an interesting challenge I have had with the Woolwich over the last few years. This is 100% accurate, I have it stated by the Woolwich customer service team in writing, and have been successful in challenging the Woolwich through the Financial Ombudsman. I would like to know if other mortgage…
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shared ownership and linked financially
Me and my partner are looking to get a shared ownership house. i am now on a dmp, and the rent were paying is what it will cost for a mortgage and rent on a shared ownership propert so we can afford it. The thing is i dont want to get financially linked to my girlfriend as my credit rating is poor to say the least. But it…
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mortgage redemption figures
I recently remortgaged with the Chelsea. My previous monthy payments were £469 and paid on the 28th of the month. They sent me a letter on the 13th October to stating my redemption figure and advising that everything has bene completed and my next payment would be on the 28th November. Today I receive a letter from their…
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help with a re-mortgage
Hello moneysavers! I am currently with Intelligent Finance and am on a SVR of 6.35% (including todays Nov 11th rise) in rates. I have challenged them for a better deal and they offered a lifetime tracker of 5.59% (+0.59 above BoE rate) with a 3year tie in. The only problem is that there is a £299 arrangement fee. Does the…
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Increasing the term?
My current mortgage deal with Accord runs out March 07 so early next year I will be looking for a new deal. The term remaining is 16 years and I have been wondering whether to extend the term to 20 years to make the monthly payments less of a burden. I am 35 so I am guessing that there should be no problem doing so.…
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Advice re Interest only mortgage
If someone has not got any family responsibities and noone in particular to leave their estate to when they die could they just pay the interest on their mortgage until death?
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Dilemma - Questions
Hi, I'm in need of some guidence on / pointing in right direction for options on the best way forward for me. :confused: Basic background: Long & short, the partner has had some lean work periods & also problems with delayed client payments and we're really starting to struggle with the money side, and I've now had OD fees…
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85% LTV Self certification re-mortgaging..
...with a maximum locked in period of a year. any suggestions for a lender?
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First Time Buyer with HEAPS of questions!
Hi All. I'm new to the forums, but regularly read Martin's pages/updates etc. My situation is that I'm due to inherit £30 -35K (in about 4 months time). I have £10K debt which I intend to pay off, then I want to use the remainder as a deposit on an expensive shed in Dorset (where I currently live). 1. Are there any…
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Surrender, Sell or Keep ??
Please could anyone offer advice on whether I should surrender, sell or keep my Standard Life endownment policy. Started in 1992 for £20,000 I pay £24.88 a month Have already now got a repayment mortgage. I have been offered £1040 compensation or £5252.25 to surrender or cancel policy and receive premiums back of £4204.72…
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Advice on first mortgage
We are buying a new build house and in April we needed to have a mortgage offer in place so we could exchange contracts. We went for a fixed rate of 4.59% with Alliance & Leicester until April 2008. The mortgage has not yet started as the house is not finished and with the increase in interest rates I wondered whether we…
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Reposessing endownments
We have an endownment mortgage :rolleyes: and I have a hypothetical question. If we were to stop the mortgage interest-only payments, the bank would reposess the house. But would they take the endownments too? (Held with other companies)
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morgage transfer advise
As anyone got any advise on how to get a feeless transfer on a morgage at a rate less that 4.85% for less that 2 years with no tie in clauses Please any advise appreciated
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Want to be on ITN news?
The ITN News team is looking for someone that can talk to them about the impact of today's interest rate rise. Essentially they're looking for someone who has a variable mortgage and will be adversely affected by the rate rise. If you can do it can you contact Jon Bennett on 0207 430 4551. You'd need to be available this…
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How to get 2 mortgages back in step
Hi, Im selling my house at the mo and have had an asking price offer on it (although he wants vacant possesion on it). I have a 2 year deal on my current mortgage with A&L so if I move up the housing ladder and borrow more money I would have to take out another product with them to cover the additional borrowing. This will…
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Who will be first to increase rates ?
Place your bets on your favourite institutions; For Savers: Who will the first BS or Bank to increase it's savings rate and by how much ? For Borrowers: Who will be the first BS or Bank to increase it's mortgage/loan rates and by how much? Are they the usual "first movers" each month or do they all take it in turns..roll…
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UK interest rates increased to 5% NM
Good for savers not so go for borrowers.
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marine mortgages
:confused: hi! can anyone point me in the right direction re securing a mortgage on a house boat steel hull,no engine,approx 8 years old),otherwise known as 'live aboard boat'. ta lyricalwaxer:eek:
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Re-mortgage?
Riiiiiight :) Time is about up for the fixed period that OH was locked in for on his motgage after first buying the house. Currently the house is in his name and when we re-mortgage we want to do it in both our names, would this make it a re-mortgage or a new mortgage because the deeds would need to change to show both our…
