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Mortgages & endowments

Archives for January 2007

Heading for a split! Please help
Hi everyone, Would really appreciate thoes in the know/mortgage advisors advice. I'm heading for a split with the girlfriend I live with of 7 years. And I can't possibly afford to live on the current finances. Old income, for both 40k, me on my own a measly 12k. Mortgage 31k over 15 years. Fairly accurate, as next door is…
competetive lenders (mortgage)
im looking to change my mortgage, im currently with HSBC but is there a better deal out there
Mis-sold equity release mortgage
Advice needed please... My dad died year before last, 05, and I had to sort out his estate. Mostly simple but one problem he had taken out an equity or interest only mortgage in 1985. My mum didn't know about it but had signed it, or so it seems. It isn't a huge amount in relation to the equity in the house she still lives…
Will any lenders pay your redemption penalties if you switch?
Are there any bona fide lenders, Banks or Building Societies etc, who will pay redemption penalties if you change mortagage lender in order to get your business?
Endowments
What is the difference between the 'target amount' and the 'minimum death benefit'?
Ombudsman dragging heels?
Hi I wonder if anyone else is having a similar experiance to my partner & I. We complained to the Ombudsmen in July 2005 regarding what we beleive is a misold endowment by Friends Provident. We had gone to the lender originally Abbey National as we believed that it was staff in the Abbey who had misold it. They wrote back…
Shared ownership mortage needed
Hi I have the opportunity to move from private rented accomadation to a shared ownership house. I have very poor credit with a couple of defaults but I am now on a Debt managment plan. I need about £30,000 minimum. I earn £185000 plus tax credits. I would love to be paying a mortgage instead if rent! Any suggestions?
Remortgage and pay off loans
Hi all, I've not posted here before but have on other forums on MSE. I've a friend who needs advice (they all think I'm clued up on everything!!!!???) He has a house valued at £180 K and owe's about £160 K + Loans of about £20 K (all sort term so killers) All in all he is paying out about £1800 a month. He really needs to…
The Woolwich
Hi, ust applied for a mortgage with the woolwich, and have been warned that they take AGES to process it. What timescale and problems have other people had??
morgages with daily interest
does anybody know how morgages, with daily interest , calculate the interest added?
Selling Endowments
I have an endowment to cash in or sell with 6 years left to run, is it better to cash it in with the provider or are there any buyers recommended. ta very much.
Solicitors fees
I applied for a £35k mortgage to finish a house-build (house worth £350k). It was refused as I didn't have a 10 yr builders warranty (I wasn't offered one from builder!). Anyway, the Halifax refused but solicitors had started to enter correspondence with them and now have billed me for £125 for a few letters they sent and…
Advice please from any one that has moved FROM a one account to another provider
Hi all We are looking to move away from the OneAccount to another provider (even if we don't move), but of course all our DD/SO/Salaries etc are part of the OneAccount. Has anyone that has already made the switch any advice as to how to do this smoothly? I thought I would start transferring them one by one now to my bank…
Why are mortgage rules relaxed compared to previous years
I am looking at buying my first home but in no rush to buy... (im taking the gamble and waiting for a slump in the market)... anyway I keep hearing that years ago YOU HAD TO HAVE 5-10% deposit and you could not borrow no more than 3 times your annual wage. Why isnt it set in stone that mortgage lenders cannot twist the…
exit fees with regard to mortgages
trying to read through martin and other people's comments on this but not sure that i understand everything. basically does one have to or not pay exit fees? thanks in advance.
please help with missold endowment...
back in the early 90s partner's mum took out endowment with their mortgage but could no longer pay into the endowment (i believe) so they then went to Halifax and asked them to take over everything. My partner's mum had to pay Halifax £8000 to sort everything out. she was so upset with the whole issue at the time that…
Endowment selling and tax
I'm sure this is simple, but Norwich Union can't tell me anything. If I sell my NU Low-Cost endowment, will I be liable for any tax on its surrender value?
Mortgage period confusion
I have recently received my first statement from my new lender and was surprised to see that I have longer to pay than I thought. Here're the details: * Mortgage agreed/funds released on 12/07/06. * First official DD payment wasn't taken until 01/09/06 but I was charged an additional £393 for the interest incurred between…
Overseas Mortgage Interest Rates
Don't know if anyone can help - but I need to remortgage in July 2007 and I have been trying to investigate "buying" a mortgage from an overseas bank, namely Japan where the interest rates are around 0.5% and the Japanese banks are offering 20year mortgages fixed at 2.9% ! There appears to be no legislation preventing…
ING flexible mortgage
Can anyone see any pitfalls in this mortgage, as I can't. Their rate is currently 5.14%, and they guarantee it will never go more than 0.9% above the BoE base rate. There are No fees for applying or remortgaging and no fees to leave it. Surely this means anyone on a higher rate, who can remortgage to this lowewr rate…

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Mortgages & endowments

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