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Abbey Life Endowment
I took out an Abbey Life Endowment policy in 1990, it is also my life policy. I was 23 years old at the time and had no intention of getting a mortgage in the near future. This policy was sold to me (with a pension plan too) at my aunts home through her 'insurance man', it has never been used against a mortgage as I have…
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Long term Fixed Rates
Stroud and Swindon are offering 15 year 5.15% fixed-rate mortgages.... http://www.ssbsmortgage.co.uk/ssbs/
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Selling Endowment to Friend?
Hi Can an Endowment policy be sold on to a friend - rather than surrending it or selling it to another company?
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Sakamuka
Hi, Iwas most impressed with Martins appearance on GMTV this morning advising how we can beat the banks. Even more so because I am in the middle of challenging Barclays bank at the moment over a "Self Appreciation Mortgage (SAMS)" sold to my late father in the late 90's. I'm looking for advice on how you think I should…
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Sakamuka
Hi, Iwas most impressed with Martins appearance on GMTV this morning advising how we can beat the banks. Even more so because I am in the middle of challenging Barclays bank at the moment over a "Self Appreciation Mortgage (SAMS)" sold to my late father in the late 90's. I'm looking for advice on how you think I should…
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intersest only mortgages ....verus standard .
Could anyone advise concerning the following , what is better essentially for the 1st time buyer , I have been speaking to friends and they reckon that for a 1st time buyer , an interest only mortgage would be the best option. this would reduce the sum on what I owe on the house , as normally if I get the other type of…
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Endowment and repaid mortgage
We took out various amounts in mortgage starting in 1977, a second traunch in 1982 and a third one in 1993, totalling £50,000 with the Halifax Building Society. All these were low cost endowment martgages of which the first portion has matured been repaid and exceeded the iniail mortgae amount. The othe rtwo are yet to…
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Mortgage Redemption Penalties - Lawful or Not ??
Apologies if this has been asked before, but here goes... Under English contract law, penalty charges are not allowed, but does this apply to redemption penalties on repaying mortgages early, for example, during a fixed rate period ?? If the lending institute have raised the funds it lends to you, assuming on a lower rate…
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Overpay or save deposit?
Hi, I am new to the site and hoping someone can help with a question. 1 year ago we bought a New build house. It cost £202,000 but the developer had a first time buyer offer where we paid no deposit but they own 25% of the house. We have a mortgage for 151,000 over a 40 year term (we are 24). We will want to move at some…
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Legal & general endowment
I would be grateful if someone would help me understanding my endowment. Legal & General unit linked endowment (flexible mortgage plan) Start date May 1993 End date May 2018 Monthly payment £49.93 Original projected end settlement £38000 but last estimate was £19600@4% £24100 @6% and £29600@8% In May 2005 the cash in value…
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Commercial Mortgage 100% LTV
Hi, Can anyone recommend any commercial mortgage lenders that will borrow 100% LTV? I found a pub Im interested in with accommodation and would prefer a 100% commercial mortgage as this pub is a once in a lifetime opportunity that has come up suddenly which means i have no saved funds. Please help me!!! Thanks lilacgirl
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Early settlement charge
Can anyone help I lost my home in a fire 3 years ago. I am still trying to get all the insurance. I received enough to repair the house but the mortgage company would not let me do this. I asked they held the money & made stage payments to the builders, they would not do this but made me sell. Having sold & paid off…
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remorgaging problems
hi there, i`m new here, but need some advice. I hav been ill for some time and we have run up credit cards to the max, we also hav a second charge on the house and just found out that we are to get e 10k tax bill due to a tax office !!!! up. My husband earns 70k but after tax and outgoings we don`t hav a lot left at the…
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What to do with this endowment?
I have been mulling this over for a while so if you have the benefit of having been in this position and can offer some help it woul be appreciated. I have had an endowment policy for 8/9 years and 2 years ago switched the morgage to repayment as i began getting letters saying the policy may fall short and did not want to…
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Mortgage for a boat
Hi My boyfriend and I are saving to get a house and have just spotted a houseboat up for sale in the exact town we would love to live in. The thing is borrowing the money to possibly buy the place. Does anyone know of a company who you would borrow the money from for a houseboat? I'm not sure that you could borrow a normal…
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Pre 1988 Endowment Shortfall
I have a 'with profits' endowment started in June 1986. No adviser was used and it was purchased direct from the insurance company. Although an 'illustration' was provided the risks involved were not explained by the company. It was replaced by a repayment mortgage in 1997. I have continued paying the premium and it…
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Changing mortgage payment date
Our mortgage payment date is set to the last day of the month, This used to work fine as we both get paid on the 21st of each month which has now changed. The question they were totally unable to answer was if this will cause a problem. I pay the whole payment from my account and I assume my payment from my employer clears…
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Naive FTB question re deposit
This is possibly going to make me look a bit simple but I'm buying my first property and am now in a position to exchange (finally!) and have a very naive question to ask I'm lucky enough to have a substantial deposit (200K) and need to transfer to my solicitor asap in order to be able to exchange as quickly as possible My…
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Remortgage Advice
Hi all, I was just wondering if any of you could give me some advice on mortgages. At present I have a 7 year old mortage on my property to the tune of 45k. It is a part endowment part interest only mortgage. Basically I pay my monhtly mortgage to pay of the interest, and pay into my endowment to pay off the 45k at the end…
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Help required : Endowment redress - overpay mortgage or invest else where
We currently have an interest only mortgage with an outstanding balance of £119000 which has another 16 years to run We are on a 2 year Base Rate Tracker with a current interest rate of 4.89% We have now been offered £13000 redress from a mis-sold endowment policy What should we do with this money? Options as far as I can…
