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Something to clear...
Hey im new to this board however have been reading for years. I just to need to find out: The way I figured it was that say for example, we pay £2000 on our mortgage, say if £1000 of that was interest and the other thousand as repayment and the rate was 5%. Would I would be better off putting the repayment money into my…
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To Surrender or not to Surrender???
Can anyone help us? We have a 115K mortgage on a house worth approx 425k with 7yrs left to pay. 20k is repayment and 95k is interest only backed by 2 underperforming endowments (could be a 13k shortfall). We are just about to finish a 5yr fixed rate. We have 13k of credit card debt 5k of which we have just switched to a…
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Mortgage application timeline..
Hi, We are FTB and just had our mortgage application submitted online by London and Country to Halifax yesterday. AIP was given end of yesterday with credit check passed, and apparently we just got a news from our vendor that the valuation will be carried out this coming Monday! Good news indeed.. but.. I'm worried because…
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mortgage broker question..
The Estate Agent we have sold our house with has a mortgage broker (who’s dosen’t these days!) http://www.ferristolley.co.uk/mortgages.html Been to see them and they are... Whole of the Market and NO Fees (for vendors with the Estate Agent) The broker makes his money on the commission from lender. Is this pretty fair ?…
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'Lfetime Mortgages'
My Mum has bought her Council House with a 'Lifetime Mortgages' from the Halifax. The initial 2 year deal is up soon and I want to see if there are any viable alternatives. So, does anyone know who offers 'Lifetime Mortgages' to pensioners (other than the Halifax)? I don't mean 'Equity Release' schemes, but a mortgage…
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Mortgages and DMP's
I have a joint mortgage with my husband with Northern Rock and I'm considering entering into a DMP with CCCS which obviously means defaulting with creditors and maybe some CCj's on my credit file. My mortgage payments will not be affected in any way. Does anyone know how this will affect us in the future if say would like…
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Buying out the ex.
Hi, Sorry if this has been gone over numerous times before! I am looking at buying out my ex and trying to work out figures. If the house is valued at £156,000.00 and we are going for 50% split thats straight-forward but am I right in assuming that the amount owing on the existing mortgage (about £28K) will also have to be…
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Bad Credit, First National & Removing Defaults
Hello, Recently applied through broker and got an agreement in principle with First National, due to my bad credit, the rate is rubbish, and whats more they've just put their prices up by 0.75% which makes it even worse. (100% mortgage, fixed for 2 years, 8.09%!!!!!) Since I got the agreement, I've had a copy of my credit…
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ex's name on original endowment policy
The endowment my husband had originally ( in 1994) had his ex's name on(they were never married) this was removed (in 2001 ish) as part of the break up agreement ,as she got the deposit she put down originally on the house back (all done trough solicitors as things got ugly) What I wanted to know is if she has any claim on…
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Will the way partner is paid effect amount we can borrow?
OH and I are going to buy start looking for a house in the next few months and will be seekign mortgage advice soon, but I was just wondering if anyone could help with the following... OH was promoted to Assistant Manager at his firm nearly 2 years ago. He got a substantial pay rise, but although he has signed the…
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Is it worth me complaining about mis-sold endownment
The whole thing is stressing me out. I have spoken to the Halifax today who say that they are sending me some forms to fill out about it. My main grounds for complaint is that I was told that the endownment mortage was my best option because 1) it would pay off the mortgage and there would possibly be a lump sum left over.…
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Skipton Building Soc products
Would like to know from anyone who has had dealings with the above. Customer service, marks out of 10 please. I would also be interested if anyone has any negative feelings on their product below; 7yr fixed 5.34% 10% overpayment yearly £340 valuation fee no legal fee £600 completion fee I have 2 children and another…
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Mortgages For 'older' People
Hi Guys, Desperately need your help. I'm 59 next week and am wanting to take a re-mortgage out on my home. Trouble is I'd like a minimum term of 10 years & most places state a repayment term of up to 65 years of age. Does anyone know where i should be looking to help me out ? I'm only after £40k own my own home worth £250k…
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Help With My Mis Sold Endownment !
I have a standard life endowment which is due to end Nov 2012, the cover was for £60,000 we have overpaid like everyone else and now owe £20,000 on the mortgage.SL are quoting min payout of £19,500 how do I estimate a final payout figure? Or is it worth selling the endowment now,to help pay off the mortgage I would then…
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Mortgage Article
http://money.uk.msn.com/mortgages/mortgageguide/article.aspx?cp-documentid=3215931 does this makes sense to anyone? It doesn't to me! Surley all debt costs you and if you had no mortgage you would be making more profit, not less??
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commerical union not sending policy no for endowment
Hi again , my husband has phoned commerical union about a policy he surrendered and got all the information he needed apart from the policy number ,they said they had to sent it in the post. We have waited the 5-7 days they asked us to but it has not come through now I'm starting to wonder if there just putting us off.…
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To sell or not to sell
In a nutshell, I'm skint so should I 1) Surrender a 10 year old endowment back to Norwich Union 2) Wait for the much discussed Norwich Union windfall planned for 2008 3) Sell it on to another company now Thanx
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zurich-how long to wait?
Hi I recently sent a letter to zurich concerning an endowment we surrendered ,they got in touch within the 14 days . We signed a letter and sent it back for them to look into the endowment , what I would like to know is how long should I now wait to hear from them again?
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Abbey paid up re mortgage exit fee
Hi Abbey paid up on my mortgage exit fee - they gave me back £120 out of the £240 I had to pay. Just used the standard letter and they responded quickly.
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endowment buyers
could someone please help me. I have taken out a repayment mortgage and am now looking to sell my endowment policy onto a 3rd party. I am being told buy 1st policy that they buy the policy and we will receive our money within 3-6 weeks and that policy plus sell on to a 3rd party which isn't garunteed they can retract at…
