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motgage holiday (6 months into mortgage)
hiya, I'm 6 months into a nationwide mortgage and have recently been made redundant..great. I had been overpaying and had thought that i could take a mortgage holiday if I had been been paying for 6 months.The nationwide tell me that I have to have 12 onths' payments befre i can take a mortgage holiday.It ight not even…
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best mortgage?
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Zombie fund victims lose out on £3bn
Sunday Times The Sunday Times latches onto research by AKG Consulting that those funds that were bought by "zombie fund consolidators" like Resolution Life have performed worse than other closed with profits funds - allegedly "losing out" on £2.7bn in the process. This "research" may just reflects that insurers were keener…
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CU Endowment Advice Please
Hi, We have a CU endowment which m considering surrendering, Our mortgage we switched 8 years ago and have been overpaying. Our balance is slightly less than the Endowment Surrender value. Low cost endowment started September 91,Maturiry date 11 September 2011 Sum assured £50000 Basis sum assured £18950 Total Bonus…
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One Account - info required
I have just obtained an online qoute with the One Account and it has informed me that I can reduce my mortgage by 21 yrs 7 months (i recently bought my house on a 25 yr term however I have a new job which now gives me extra cash at the end of each month which could go towards my mortgage) This account sounds like a very…
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Selling Endownment - via who?
Hi, I've got a endownment via Norwich Union which I have continued as a investment (i.e. not needed to pay the mortgage) According to the last financial adviser I seen (2004) it had been doing quite well and I'm reluctant to cash it in but I need the money so I've decided to bite the bullet! What I wanted to know is, is it…
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Paying off mortgage in Scotland
It is our intention to pay off the remainder of our outstanding mortgage in February, our bank has advised that besides the sealing fee payable to the bank we will also have to employ the services of a solicitor, can anyone explain why we need one? Regards
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large deposit FTB
hi,as some may have
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Self employed Remortgage
I currently have a mortgage with Halifax for a interest only mortgage My current deal runs out in sept 07........My question is Iim now self employed and will this effect my chances of remortgaging to a new deal on interest only??? By the time of the renewl date I would of been self employed for 14 months?? Any Help or…
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Daughters first home
My lil girl is thinking of purchasing property, with her partner. Apart from contributing to the deposit, I would like to take out a long term policy (in her name) which must be used to reduce the monthly payments. When I was a lil boy, life assurance was the way forward. This product has had a bad time recently but is…
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Mortgage offer.
Received our mortgage offer from the Woolwich this morning and planning to go full steam ahead to try and be into our new home for Christmas. However, on closer inspection.... The fees (£595) which we'd asked to be added to our loan are now being requested upfront. On 27.10.06 the AIP stated the mortgage would cost us…
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Elderly Lady (81) in arrears with Woolwich mortgage ~ advice please
The elderly lady is my Mum. Although retired and with only a very small private pension in addition to her State pension, she was given a £40,000 mortgage in 1997 by The Woolwich in order to buy a retirement flat. Initially a strongly independent woman, Mum developed dementia in 2003 and this ailment progressed rapidly.…
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Selling an Endowment Question
Our IFA has told us that he thinks it may be a good time to sell our Pru(was Scot Am) Endowment. We've had it since 1987 and it is due to run until 6/2013. He's getting details of surrender value etc but what do we need to look at so we can decide if this is the best option for us. Also will he get commission on the sale…
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bad credit affecting mortgage - help!
We're just looking into get a mortgage for a 195,000 property we only have a 5% deposit. I had some problems early in 2004 and basically had to close an Abbey National Joint account because the fees had racked up as I went over my limit. I agreed to pay half the fees (around £600) and close the account. It now shows as an…
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Do I Need Mortgage Insurance?
I have worked for a large company for 30 years and get a 'deaith in service' benefit that is paid to my dependants if I die. This figure is currently around £140k. My house is worth £260k and my outstanding mortgage is £120k. I have a self assurance mortgatge policy with critical life benefit that will pay out £110,00…
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Woolwich £275 redemption fee - can I avoid?
We're moving in about 3 weeks, taking out a new mortgage for the new place and redeeming our Woolwich Open Plan mortgage on the old place. This redemption includes a £275 redemption fee. I'm sure it wasn't this much when we took out the mortgage in 2003, but I can't find a figure anywhere in the documentation. I see some…
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What are BTL rates like nowadays
Hi all What are the going rates for BTL nowadays. House Price £300k 15% Deposit What sort of rental figures will be needed and what are the rates available. Anyone got any pointers. Thanks in advance. ;)
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Dispondant FTB
Hi All, I need some guidance. I have been to see a local broker and I'm not sure how helpful she is being, or whether I am expecting too much. My details are as follows: Annual salary - £24,250 Annual OT (regualr but not guaranteed) - £3996 Loans outgings per month - £390 (unsecured borrowing at circa 20k) We are looking…
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Scottish Amicable Endowment
We've had one since 1987, received the cheque when it was taken over by Pru but am I right in thinking that there is an extra bonus to come at the end of the endowment due to the takeover. Sure I'd seen something on here ages ago but didn't make a note of it. TIA
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Selling Endowment Policy
Because of the poor performance of my endowment policy with Phoenix, I wish to cash it in. Rather than accept the surrender value offered by the issuing insurance company, I am trying to sell it on the open market and have received better offers. Unfortunately they all want the original policy document ( I have a copy)…
