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Mortgages & endowments

Archives for December 2006

Help please
Hi I am a 1st time user after many months of reading everyone’s threads. I have to say that this is a brilliant site and full credit to all of you. Enough said, I have a massive problem and need your help. I ran up my American Express credit card to 2k and couldn’t repay the debt. Couple of weeks ago I received a county…
H
Hi I am a 1st time user after many months of reading everyone’s threads. I have to say that this is a brilliant site and full credit to all of you. Enough said, I have a massive problem and need your help. I ran up my American Express credit card to 2k and couldn’t repay the debt. Couple of weeks ago I received a county…
credit card company wants to sell my home
Hi I am a 1st time user after many months of reading everyone’s threads. I have to say that this is a brilliant site and full credit to all of you. Enough said, I have a massive problem and need your help. I ran up my American Express credit card to 2k and couldn’t repay the debt. Couple of weeks ago I received a county…
totally clueless about mortgages!!
edited re thesaint's suggestion I currently have a house worth around £120k-£125k with a £50k mortgage, looking at my lender's site it says it's a portable mortgage. Does this mean that if I sold my house and got £120k (after fees) for it I'd use that as a deposit and transfer the mortgage to the new property so I could…
Good but assumed bad!
My fiance split from an ex partner in 1998 and was unfortunately left with some debts incurred. Due to the circumstances at the time he was left to pay these as well as moving home etc so some payments were made late. All payments had been cleared by 2000 and although no CCJs were gained late payments and 2 defaults were…
How do you pay the redemption fee?
We have a mortgage with the Chelsea BS, but we are tied until Dec 2008, unless we pay the redemption fee of about £2500. If we did decide to change to another lender now, would i have to pay the £2500 in cash, or would it be added to the new borrowing? We are almost? in a position to overpay the mortgage by 100%, so i am…
What should I do
Hi everyone, my first post. I have just sold a rented out property as my family were due their share of it. My question is I now have an £80000 mortgage & £80000 lump sum which at the moment is tucked into A&L's 5.64% saver. I don't want to pay off the mortgage as I want to keep the money available to me as I may want to…
remortgage required for self cert buyer
Im looking to remortgage my house as the 2 year deal I had is coming to an end. I think a fixed rate is needed as my self employed income is variable and often low (but I still manage to pay the bills.) It would be as self cert as I've no books (anyone offer info on how to keep books?) I've been self employed for five…
Advice on difficult situation please
Hi All I recently (June 06) purchased a property for 154K with my partner, this was below market value due to the state the property was in. We put a 10% deposit down leaving a 139K mortgage. Our joint income is 18K (hers) and 23K (mine). Since the purchase we have not moved into the house because we decided to completely…
Credit score
Morning I have just had a credit score of 475, confirmed by Experian. However this is coming up under a catergory as "very poor". I am some what confused as i though this is an average score?
A question for the House owner
I have a qucik question regarding mortgage and home owner ... well can i raise some money on behalf of my mortgage ..... Suppose mortgage value 200k and want to take 100k is it possible if yes then how ? and what does it call and who lend the money and all ... I hope its not a stupid question. Cheers.
Endowment shortfall
We have had a mortgage for the last 20 years or so and found that we have a shortfall with our endowment.we have looked around at some companies for compensation but they all take anywhere between 20 and 28%.Can you please advise me of any companies that dont take so much commission and work on a NO WIN-NO FEE basis.Also…
Fixed Rate Mortgage
I have 18 months to run on a fixed rate mortgage. I pay £356 pcm based on a 15 year mortgage. The rate I got was 4.25%. Am I better to see the 18 months out on what is a good rate or will i be able to swap to a new mortgage and make some savings there. Incidently i borrowed £46,000.
Claims pre 29th April 1988
I was sold an endowment mortgage in Nov 86 which I feel was mis-sold, and have all supporting information. I used the Which template to write to the Independent Financial Adviser, then wrote to the mortgage provider (Std Life), then wrote to the Financial Ombudsman. It appears the because my claim pre-dates the Financial…
Releasing Equity
I have a property which I rent out which has risen in price quite well. What I want to do is release the equity to put down on a new property on a BTL mortgage. Can I do this? What is involved and is it a good idea? I do have some savings as well which I could use. Would it be wise to release all my equity in my first…
Short on amount available to borrow
Hi, To cut a long story short we applied for a Giraffe (Bristol and West) mortgage. I spoke to the customer services prior to applying and discussed the situation as I am bonused and my boyf gets substantial overtime. He said for my bonus they would take half of last years amount (fine) but they would take all of my…
Thinking of moving
HI We're thinking of moving from our starter home (2 bed terrace) to a perhaps 2 bed semi Can we put the fees like solicitors and estate agent fees onto the mortagage ? Our home is currently worth £150 k a nd we have a mortgage of £90 k - obviously without looking at figures if we were to buy a house for £180 k what sort…
Are Interest-Only Mortgages available to Owner Occupiers...??
Are interest-only mortgages available to property investors only, or are they available to owner occupiers?
First Time Buyers (Sort of!)
'Morning all, As with most people on this site I am hoping for some advice. Until last year the Wife and I lived in our own home, on which we had a mortgage secured. To cut a long story short, although both on a good salary, we got in a bit over our heads with unsecured debts - thankfully I am entitled to extremely cheap…
remortgaging to pay off debts... good idea or bad?
Hi, We have a repayment mortgage of £158000 at the moment and our house is worth £185000. We have £25000 of debt in various different loans all with an average of 7% apr. At the moment if my husband doesn;t earn any commision at work we end up being £400 short every month which is eating into our overdraft that is nearly…

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Mortgages & endowments

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