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Norwich Union - Endowment Price promise
The Norwich Union endowment promise has been mentioned recently a few times and I have had a couple of messages asking for clarification to what that is. In Dec 99, NU issued shortfall projections and the figure at 6% was the amount that would be used under the shortfall promise. This means that if your shortfall on the…
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Remortgaging whilst in a credit card 'repayment plan'. Credit Reference??
Hi, A few years ago we found ourselves in serious credit card debt we were struggling to pay. We were helped by the CC compnay LloydsTSB and put on a repayment plan which we have stuck to religously. On our credit file these two accounts (one for me one for husband) they show as being paid up to date (00000000 etc) but…
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Still Waiting- Mad as hell -Fixed Interest Rate
It has now been almost 3 months since paying just under £700 for a 10 year fixed interest rate of 4.98% and despite sending letters stating some of the valued points from the replies received from my original posting. NOTHING. This is making me extremely stressed waiting for this to get resolved. I have now written to the…
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Commercial Mortgages
Hi, I'm new to these boards, so please be gentle :) My boyfriend and I bought our first home in June of this year. We paid £245,000 for it, £24,500 of which was the deposit. We have a Halifax mortgage on a fixed rate of 4.69% for two years. Right, that's the basics! Now, we've decided to have a change of lifestyle. Due to…
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moving house, mortgage penalties
im due to move and as such will pay back the mortgage in full from the sale of the house, which they will charge me around £3000 to do is this challengeable like bank charges? or just the way it is? if it is challengeable how would one go about this? many thanks
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moving, mortgage penalty can it be challenged successfully?
im due to move and as such will pay back the mortgage in full from the sale of the house, which they will charge me around £3000 to do is this challengeable like bank charges? or just the way it is? if it is challengeable how would one go about this? many thanks :)
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There IS an alternative!
It's called 'spin-life' insurance, and it's going to break the American life insurance industry at this rate!
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Supplementary conditions
Hi, We have been approved for a Bristol & West self-cert mortgage, and have the offer document which states that we need to pay off a couple of our loans prior to completion of the mortgage. I don't really want to do this - as there are penalties involved, and we can afford both (the loans run out in a couple of years).…
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Part Repayment on part interest-only, part repayment mortgage
I have £77,500 outstanding on my mortgage. The first £54,000 is interest only, with a £50/month endowment policy to re-pay this £54,000 at the end of the mortgage. The rest (£23,500) is on a repayment basis. The endowment is NOT on track to pay off the £54,000 at the end of the mortgage. I wish to make a part repayment on…
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Home improvement
Hi I have recently moved into my house and it needs abit of work. I was thinking of adding it onto the mortgage, but before I get a quote does anyone have a rough idea how much extra I would have to pay on £6k extra over 30 years? Is it a bad idea to add it onto the mortgage? btw its for new double glazing and a new…
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first timer, please help
Hi all, i am wondering if you can help me. Me and my partner are 34 yrd old and have never had a mortgage, my guess is our credit rating is ok but not the best. The whole mortgage thing seems a bit of a mine field and we dont even know where to start? could anyone please advise us on what our first step should be Many…
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My parents endownment mortgage
I've just been talking to my mum, the value on our house is 43500 (Or at least it was when my parents bought it 12 years ago) so the mortgage is 43500. Now, my parents have never been the most amazing financial manager, which is probably where I picked it up from, but she told me that she pays £300 per month on the…
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Valuation Instructed
Afternoon all, A quick quesiton if you wouldn't mind: Just had confirmation from my broker that the valuation has been instructed. Does this mean that my lender (NR) will proceed with my mortgage to offer on the assumption that the survey is ok? i.e. I won't be turned down due to credit checking or that sort of thing. I…
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nationwide fixed rate: when does "your" payment reduce the actual balance?
hiya, I have a nationwide fixed rate. I put money in yesterday (friday). Today (saturday) It appears in the "Payment Received" section. But it does not seem to have taken any money off of the "Balance Outstanding" Obviously, I pay interest daily, and I want the overpayments to affect my "Balance Outstanding" immediately.…
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Is it worth remortgaging? Planning to move in 6 months...
For the last few days, I have been mulling over the idea of remortgaging, and so far I am seeing more cons than pro's! Here are the facts... My current outstanding balance on my mortgage is 50k, and paying £380 pcm now that my variable rate mortgage has now increased to 6.25% Its quite high considering I could probably…
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BTL lender saying it cant be lived in
Folks just a quicky question for a friend of mine. Hes bought a house with BTL hes told me on the lenders forms it stated that the property couldnt be lived in and couldnt even be rented out to family! Which i found abit odd. Usually its the otherway round ie if you get a residential mortgage then that couldnt be rented…
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Retention - What If....?
If your mortgage lender retains X amount pending work to be completed on a recent purchase and you do not get the work completed, what happens? Do they take steps to repossess the house or do they just not release the retained money? I'm not thinking about doing this but somebody mentioned it the other day to me and it got…
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Help needed
Hi all, hope someone can help. I am FTB looking to buy on my own pref a 2 bedroom so I can rent a room out to help pay the mortgage. I still have an outstanding loan of 3.5k+ which I pay 155 a month off with the household bank (dont laugh it was a stupid mistake when I was at Uni - started with a laptop from dixons then…
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Morgage redemption charges
Hi, My Building Society mortgage has come to an end and the BS wish to charge me £225 for the privilage of them doing what they term 'administrative paperwork'. This is an imposed charge, up from £90 just three years ago. Given that they returned the property deeds to us a year or so ago, saying that with the new…
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ING Direct Mortgage Questions
I am very interested in the ING Direct mortgages as their standard variable rate is only 5.14% which is an with no fees for a re-mortgage. However, could anyone tell me if this rate is a short term promortional rate which will end in a year or so or if it really is a long-term rate. Also, I cannot find a final/settlement…
