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Endowment Ostrich Alert - More advice needed.
I have just recieved my first red alert on my endowment and could do with some advice before I rush off and make another mistake. I have already complained once a few years ago, got the standard "up yours, we covered our behinds by making you sign a peice a paper at the time" letter from Norwich Union. Because we were not…
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Mortgage Rate For 1st Time Buyer
Hi I want to take out a first time buyer mortgage and need some advice. I believe that interest rates are due to go up and wish to apply for a mortgage before this happens as it will make a significant difference to my repayments. However I was told that I could not apply for a mortgage until I had put an offer on a…
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Any suggestions anyone?
I have currently got a mortgage on my property but we are desperate to move. (we really need more space) the problem is my wife is a student midwife and my current mortgage provider will not take her Bursary into account. We need a mortgage of about £80k, I earn circa £20k and her bursary is £4k. I have found a house which…
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Surrender Endowment Policy and Save value received?
I've received another surrender valuation from Pheonix/Resolution (prev RSA) today for my failing endowment mortgage. I have 8 years left to run and it needed to make 64k (current value £30k), I have been given a surrender value of £23k. I am thinking about taking the money now and putting it into a high interest account,…
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ING Direct
Anyone used these guys for mortgage. Got a reasonable fixed 2 year at 4.95% on offer. Any feedback welcome.
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Should I leave this money in offset account?
I have an offset mortgage account with the Woolwich. At the moment it has 7 years to run on a £40,000 mortgage.I also have £8,000 in a savings pot.I am about to recieve a further £10,000.My question is,should I put this amount into my saving pot and leave it there or is there a better way to make it work for me? cslogg
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long term fix or offset re-mortgage??
Hi there, 1st time caller(as they say).I'm in a fix as I try to decided between going for a 10yr fix with Woolwich at 4.98% and an offset mortgage(nothing specific at the mo).Time is of the esscence as intrest rates are prob about to go up and the fix rate cut be pulled. I've only just looked into the details of an offset…
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Got big-ish debts but would like to look for a mortgage
Hi all, My GF and I are giving thought to getting a place of our. Heres the facts: Me - debt £33k, income £16500 GF- no huge debt but bad history, income £15000 Can we do get a mortgage ? If so who from ?? Figured that getting a large mortgage that ate up my debt would make the debt work for me as I currently pay £300 a…
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Daylight Robbery - Help
Please can someone advise if this is correct procedure. I applied for a mortgage 90% mortgage on a 5.45% interest rate which was agreed in principle by the lender so we paid them for the survey fee and continued with the process. Four weeks down the line and expecting our mortgage offer any day they have now said they…
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Can I get back on property ladder - ever?
Hello. My partner and I through divorces and child custody battles and making stupid decisions and stupid trust placement are now £60k in debt (facing that was very dificult but we got there). We have worked very hard over the last year to get in control, we now have all our debts being paid on monthly agreements adn have…
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BBC's Evan Davis: IRs could hit 6%
This from the 10 o'clock news. I love Evan (and his rumoured Prince Albert). Smart bloke who recognises the absolute lunacy of property inflation. Anyway, he mentioned there was "talk in the city" of IRs hitting 6% next year. Don't buy it myself - not if the US housing slump brings about a global slowdown - but we'll see.…
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Remorgage
Need some advice i currently have a morgage with kensington they are charging me 10.5 % so i pay £961 a month we cant keep paying this as my husband only earns £12oo a month we would like to remorgage but dont know who would take us on as we are paying of arrears along with this any help out there we also have a loan of £…
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Mortgage advise with debt
Ok i have a property worth 130-135 A mortgage of 110 Equity of 20K An income of 40K Partner income 5K Debt of 60K A good credit ratin, not excellent just due to the sheer amount of different cards i have. I manage the debt well and it costs me 225 a month in interest. What sort of morgage could I get? how many K's Bearing…
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house build loan only for 6 months
bit of a strange one this so please bere with me, my sister is looking to build a house on some land the family own, and has been quoted approx £150k for the total project. If she was to borrow all the money to complete the build, then sell her existing place and use that money to pay off the loan for the build after say 6…
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agreement in principle - but not sold yet?
My sister's house is up for sale & she's seen the one that she wants to offer on once she's sold (hopefully it'll still be for sale) - we have an appointment with her current motgage lender on Monday & if they have a decent 3yr fixed rate are they likely to agree it & hold to that rate for a period of time whilst she's…
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Should I Upsize or Stay?
Hi, My first post, so please be gentle! I'll use $ instead of pounds as my keyboard is not working. I currently live in a flat with my family worth $150,000 with a mortgage of $50,000 interset only of 5% and saving $500 each month to pay off the captal. I can afford to move, and will need to do so within 3 years as baby #2…
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Student Mortgages, Is this possible?
I live with my partner and daughter in a privately rented accomodation(£100 week rent). My partner is currently doing voluntary work at my daughters school in order to gain a placement on a teaching assistant course in January . I am a full time student at university and have my grants and loans and was told by the local…
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poor credit score-mortgages
hello to all. I am a first time buyer and have recently made an offer on a house of 124k I applied to first active about a 100% mortgage but was rejected due to having a poor credit score. I am going to meet my estate agents mortgage advisor on saturday. we earn 40k a year before tax and i only have debt of 1200 on credit…
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A good Mortgage deal!
Hi, I am looking to source a mortgage to buy a 40% (88,000) share of a 220K property with a 5% deposit. I would like a good fixed rate, for 2 or 3 years with as little cost involved as possible. Any suggestions? Also should I use a broker? I am going to have to spend every penny I own to buy this property, but there are…
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Shared-Ownership Mortage Provider
Hi all, I'm looking into buying a 40%(£32,000) shared ownership property... The issue I'm finding is that with existing loan commitments, I'm struggling to find a mortgage provider. What I'm looking for:- A mortgage provider for shared ownership property, who will also offer an unsecured loan, so that I can cancel out…
