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Increasing Endowment payments
I have received a Red letter from my Endownment Provider stating I must increase my monthly payment to double the amount else there may be TAX implications. If I do not increase the payment, the Endownment policy loses its Tax "qualifying status" Can anyone tell me what the tax implications are, as when I phoned up the…
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mortage broker
Dear Martin First of all i want to say that i am very very glad the i became user of your site as since looking at your article of how to claim the charges bank from the bank. I got back £760 in just less than 15 days. Brilliant site
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Unusual situation and question about valuation fees
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managing mortgage online
I am currently looking at remortgaging and feel that if i was able to manage my mortgage online and make overpayments when i was feeling a bit flush it would be a great incentive in becoming mortgage free if i could easily see my balance coming down, i am not thinking of large amounts approx £25 a few times a month. I…
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Is it worth paying off mortgage with 4 yrs to run?
Our mortgage has about 4 years to run and is for £50,000. Our house is worth much more obviously. We have three endowments, all of which are underperforming but we have been saving hard for a few years, even going without holidays just to make sure we can make up the shortfall. We are now in a position to clear the…
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leasehold, flat
my brother is buying my flat off me in a couple of weeks, just a little bit worried bout the leasehold, there is 72 years left on it and im sure i heard that lenders are a bit dubious about less then 99. and also he earns 20k per year and is wanting to borrow 66500 with a 5% deposit does that sound feasable? tyty
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Is this Solicitors fee reasonable?
I'm in the process of buying my first house for £77,000 and I was given a quote over the phone of £962 by this solicitors. They've now sent me a letter staying they have opened my case with the following charges being quoted. Costs Costs on purchase £350.00 + £61.25 VAT Telegraphic Transer Administration Fee £45.00 + £7.88…
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buy to let remortage
Hi I am in need of some advice, my partner has recently moved in with me and we have decided to rent his property as this is the only property that we will be renting and he has been paying his mortgage for 20 years and has 16,000 left on it woud he be better off trying to get a loan for this amount. we also have 30,000…
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Recovering Exit Charges from Lloyds TSB
Hello there Hope you can help. I was interested to hear that there was a FSA announcment about exit charges when closing your mortgage. I printed off the template from moneysavingexpert.com and sent this off. In the letter I stated I no longer had the account details and requested what the fee increase was. 10 days later I…
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Personal Loan effect on Mortgage
Official MoneySavingExpert.com insert For full info on your cheap personal loans, see the main website's Cheap Loans guide. Back to the original post... Hi, I have been approved a mortgage of 316k given my current financial status. I have not yet taken out the mortgage and am wondering what the effect of a personal loan…
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More confused than ever!!! help!!!
hi, is it always this had when it comes to mortgages??? hope someone has some advice for me! ok so We decided we wanted to sell up and buy another house. My partner is employed and i am have been self employed since last april. We went to our current lender and told them i had been self employed for less than a year and…
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Options for Mortgage <5 Years To Go
We're in the fortunate position of being on target to pay off our mortgage in just under 4 years. The amount outstanding at the end of last year was £17.5k. Unfortunately as a result of bad financial advise in the late 80's we converted our original repayment mortgage to an intrest only/endowment. This is has been sorted…
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Remortgage or a 10 year loan?
Having an extension built, will need to raise about 20K, any advice on whether to have a 10 year loan or to add to the existing mortgage....any advice appreciated.
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Help! mortgage offer problems possibly?
Hi We have just had an offer accepted on a house, have instructed solicitor and already had AIP with Lloyds TSB, the full application was processed through on Thursday just gone, however, my OH received a letter today from a debt company called capquest stating he owed Natwest Bank £400 and to pay etc. We have sent a…
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How much could we get for mortgage?
Hi guys We are looking to move and have seen a few places and spoken to a few brokers. The feedback has varied greatly from £95000 - £170000! Can any brokers give me a rough estimate - I earn £17000 and partner earns £17600. Joint income around £2400 per month. Current loan of £300 per month which will be paid off with…
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Is it worth me re mortgaging ?
Hi, I am at the end of a Halifax 2 yr fixed deal. I wanted to add £3000 on to my mortgage for home improvements making the total £42300. Now, Halifax are charging me £299 to do this and also £49 to change to there latest fixed rate which is quite high compared to others on the market. I contacted L & C for advice, they…
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Getting another mortgage
Hi everyone,:j We have mortgage on our present home which we re-mortgaged over a year ago to clear some debts. Our mortgage is with GMAC and the interest rate at the moment is 7.28%. We are tied in for 3 years this is our second year having the policy. But the policy is transferrable so if we decided to move. We clear many…
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Endowment Guarantee. Worthless ?
Hi I have just received a letter from scottish life, telling me that my endowment will not meet the value it was originally taken out for. I changed my mortgage to a repayment some time ago to deal with the likelyhood that it would fail, butthis latest letter has a new twist. My endowment was "Guaranteed" to pay the value…
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End of Fixed term period - what's first step?
My OH has almost reached the end of the Fixed term period of his mortgage. The Lender (Northern Rock) have sent him some info on arranging a new agreement, which included some info about a product fee of £995 and a morgage renewal fee of £295. That seems steep to me from reading this site, should his first step be to call…
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difficulty getting mortgage because of house construction
Hello, husband & I have seen a house that we are interested in but have been told by the agent that it is constructed in a way which many mortgage companies dislike?!?!? Concrete with a 'skin' of bricks.. Can anyone shed any light on this constrction method? should we avoid this property at all costs??? Any information…
