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Need Help - Halifax redemption penalty
Hi Guys I need urgent help... I am a Halifax mortage customer for last 4+ years and on the fixed rate for last 3 years. My current fixed rate finishes in Feb 2007. In July 2006 when i asked Halifax to give me some more money so that i can buy new house, they couldn't meet my needs so i went to Northern Rock and sorted my…
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simple sum
Hello, I seem to recall that there is a simple sum that you can do to give you a (rough) idea of how much your mortgate will go up if you increased it (I'm looking at moving to a bigger house). Could anyone share it with me, please? I have it in my head that its a tenner for every 7k or something like that? Thanks.:T Duncan
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Can we still get a mortgage ?
Hi, This is my first time posting although I've spent many months just reading threads and posts on here. I have recently moved in with my boyfriend, who owns his own house.We are looking to buy our own house. He has an excellent credit history, whereas mine is poor. I have missed payments and defaulted a couple of times,…
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Want to build an extension - best way to finance
Hi, Our house is worth £475,000 and we have £7,000 remaining on our mortgage. We want to extend the house at an estimated cost of £80,000. We have £30,000 in savings accounts and £22,000 in cash ISAs. We have shares in PEPs worth approximately £30,000. Need help to know whether we should get an interest only morgage,…
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Mortgage Protection insurance
Has anyone any recommendations? I am with Zurich at the moment but have just remortgaged and added my partner to the mortgage and the premium has gone up from £19.86 to £55.40 per month which I’m thinking is a little steep? And being a moneysaver I’m hoping to save everywhere!! :D
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Remortgage advice please
Hi, this is my situation: My fixed rate period ends at the end of Feb, so I have started looking around now. I have £101,500 left on my mortgage, so am looking to remortgage for this amount over 20 years. I am currently paying £636 per month on a repayment basis with Halifix. They haven't offered me anything as yet, but I…
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Mortgage and Loan
We recently received our mortgage offer in writing saying that the mortgage lender has contacted our solicitor etc.... Now, I currently have a loan and am hoping to lend another £1000 on the current loan and just extend the repayments for another year. I'm just wondering if the mortgage lender will have completed all…
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Mortgages for the over 80's
My father wishes to buy his council house (Scotland) - are there any lenders who are prepared to take on an 83 year old and if so what would the conditions be?
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Winterthur Unit Trust Endowment Policy
Is it possible to sell a Winterthur Unit Trust endowment policy, rather than surrender it? I've noticed most policy buyers are only interested in With Profits policies. We've had the policy for 7 and a half years and it still has another 18 and a half to run. Current surrender value is £14,884 as of this morning. Any…
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What do I do - husband wont pay mortgage
My husband left me yesterday and our mortgage payment is due on Friday. I can guarantee he will cancel the direct debit and I wont have the money to pay it. What can I do? There is no chance of a payment holiday as I asked a couple of weeks ago and the mortgage company dont offer that facility. I work full time so not on…
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Northernrock 'Together' product - will they?
Hi all I've been in contact with PayPlan in the hope that I could enter into a Debt Management Plan (DMP). PayPlan have looked at my expenditure based on what my mortgage will revert to when my initial 'interest only' period ends in March and I don't have enough each month to do a DMP or even an IVA! (minimum for the IVA…
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Nationwide "U turn" on same deal for existing customers
http://news.bbc.co.uk/1/hi/business/6188752.stm Quite surprising given that its the number one thing they use on all their tv marketing etc.
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What insurance do we NEED?
We are currently off to get our very first mortage (and flat too therefore hopefully!). Obviously buildings and contents. Probably life insurance. Do we really need the mortgage version of repayment insurance - so would insure us for a year or something for our repayments if one of us became unable to work? Unsure of what…
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Abbey National Mortgage Plan / Friends Provident endowment complaint
Hi As part of my Abbey National mortgage in the early 1990s, I took out a Friends Provident endowment plan, which I believe was mis-sold. I made a complaint by recorded delivery to Abbey National's London headquarters early last month, using a modified endowment action letter and requesting a response within 2 weeks. I…
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Endowment Help - been given 2 options for calculating loss
I'm sorting out endowment for my mum winterhur have responded and are asking for 2 options 1) They work it out loss on based on a halifax standard variable rate 2) using exact morgage details, taking into account any changes etc the policy was for 37k its forecast to be short by 7k its a bog standard endowment that hasn't…
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Budget Tracker / Discount Required again.
I'm looking for the best valuse discount interest only mortgage for the eternal mortgage rate-tart again. 70k on a 350k home. I've seen rates of 4.35 bounded about on the CDV/Charcol sites but have no idea who it's with and the charges are over a grand. Can anyone with some sufficient data access point me in the right…
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BTL mortgage scrutiny
Can anyone help, please? I'm interested in the idea of getting going in BTL but am not sure what's involved. A couple of questions occur immediately: With BTL, are lenders as interested in 'employment history' as they are for standard mortgages or is 'lettability' of the property the main concern? Do all the major High St…
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Endowment or Savings Plan
Hi can someone give me advice. Last June I changed my Mortgage to a repayment mortgage with the Woolwich 10 year fixed for 10 years 4.67%. My old Mortgage was Interest Only with Endowments. I had two Endowments one of which I sold and the other is still running and with the money for the sold endowments I put it into home…
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Stumped by simple mortgage question!
Hi, My sister's been told that she can only get a 95% mortgage for the value of their home, but I always thought that you could get a mortgage for as much as you want based upon your salary. She's in Scotland and I'm in England. Is she right? Am I wrong? Or is it different in England and Scotland?
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porting a mortgage over to a new property:
we have a mortgage and looking at porting this over to a new bigger one. we have some equity and we are self employed. our salaries have not gone up but we plan to offer self catering facilities/b & b within a section of the house which will cover for things. i imagine this will be a self cert mortgage. can anyone provide…
