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Should I pay off all mortgage or leave £1,000?
Can an expert please advise whether I should pay off all of my interest only mortgage, which has three years to run, or leave £1,000 sitting, thus leaving the deeds in a safe place? If I do pay off all of it (for which I have the money saved) I would keep the life assurance running. Where is a safe place for the deeds to…
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Are 10 year mortgage deals a good idea
I have seen one advertised for 4.95% and am very interested in it. Is it too long a period for that rate? I am now on a capped 5.74% rate so it will be £100 less per month but I am concerned about tieing myself in for 10 years as we normally only tie ourselves in for 5 years fixed or capped. What fo people think? Also my…
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100% mortgage with 1 unsatisfied £400 default from 2001.
As the title says. A friend and I are looking for a joint 100% mortgage of £135k. His credit is excellent and I have one unsatisfied default of £400 from 2001 - I can't satisfy is as I have no idea who the collection agency it is registered with is. Who will give us a mortgage? I can't imagine this is really much of an…
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cash in endowment 17 months early or take out bigger mortgage?
I've put my house up for sale. It has around 17 months left on the mortgage which is made up of part repayment and part endowment policies. My endowments have done well under the circumstances and if I cash them in tomorrow they will already be about £1300 more than I need to pay the mortgage off. My options are to either…
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Endowments - Should we complain?
We have 3 red endowments from 1988 and 1995 and are wondering whether to make a misselling complaint (although we may be out of time for one). They were sold to us via a broker and we don't have any written evidence of his advice just letters forwarding policy docs etc. We don't have any recollection of him assessing our…
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Should i buy a house sooner or later ?
Hi all, i've been reading this fabulous site for a while but this is my 1st post. (i hope it's in the correct section!) I've been pretty damn useless with money most of my life and last summer i started to really try and pay off my £10,000 of debt, bit by bit every month. I then claimed back £2500 in bank charges and THEN…
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Help! No Mortgage Do I Need Life Cover?
I was recently made redundant, but now in the fortunate position to pay off our mortgage, which I just done. My question is we still have a Prudential Endowment running which I am considering cashing. - It is on amber alert and still has 17 yrs left to run, the only thing stopping me is the £45K life cover aspect of it. I…
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Endowment Mortgage
We took out an Endowment Policy to cover the main Mortgage and like everybody else, it is no longer going to meet its projection. We therefore took action to make up the shortfall and have twice refused permission for the payments to be increased on the basis of throwing good money after bad. We have now been informed that…
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applying for mortgage
I am thinking about applying for a mortgage and wondered what of your income gets taken into account.I am on a low wage but receive tax credits and also have maintenance payments for the children, can this be lumped in with my wages for calculations? also how many times income can I get Many Thanks
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Mortgage advice please
Due to personal circumstances we are having to downsize to shrink our mortgage, our daughter is 26 and still living with us, as she is unable to afford to buy her own home. Problem is that we are finding it impossible to find a property with enough space on the funds we have available - we were wondering if it would be…
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Can I change jobs???
Hi, I'm just after some advice if there's anyone can help me? My boyfriend and I got accepted for a mortgage, had an offer accepted on a house and are in the process of buying it. I just need to know if me changing jobs before it all goes through has any effect on the mortgage offer? Thanks
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Further Advance vs Secured Loan?
Hi, My partner and I have our mortgage with Yorkshire Building Society, a 5 year fixed deal that ends in June 2008. Two years ago, we took out an additional loan with YBS to fund some home improvements. This was a 2 year fixed further advance. The 2 year fixed deal runs out at the end of March and we are trying to decide…
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Buy more or pay off mortgage?
hello I don't know if anyone can help me with this, i am not very good with complicated calculations! We currently own 50% of our house under shared ownership (50% valued at approx 77,000) and have a mortgage of 65,000. We are soon receiving around 40,000 (not redundancy or anything so it is surplus to our everyday…
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Endowment misselling rejected - worth appealing?
I'm a bit annoyed that my grievance has been rejected without even being asked any questions. As a naive first time buyer at the time the person selling said that the endowment would give me a lump sum at the end to pay off the mortgage plus more. The rejection letter states that they established my attitude to risk as 3-4…
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are there many providers that will lend 5x your salary
Hi there, if someone would be kind enough to advise which lenders will lend 5x your salary. I currently earn 36,500 per year and want a mortgage of around 170k, we have no outgoings apart the usual bills etc, ie. we have no credit card debts or car loans. Ideally I would like to fix it for 5 years with a decent rate, can…
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Any Help With West Bromwich
I have been searching for anyone that has been trying to re-claim the meaf from the west bromwich building society, and through my search I have only found 1... I am getting very confused as to how the template letter needs adjusting, apparently the time we had our mortgage with them, the charge was £300, when you fill in…
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Good result on C&G mortgage
While searching moneysupermarket, L&C etc for current rates, to see if remortgaging might be an option, I happened to notice that my current lender, C&G, had a phone-only offer of a tracker at base+0.39% with no setup fee. I'm currently on base+0.64%, which in June last year was the best tracker rate they had, and cost me…
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advice of a cornish unit
We have seen a property which we have been told is a cornish unit ?? Which I'd never heard of before last week. Does anyone out their have any advice of whether its mortgageable ?, warm? damp? Any advice gratefully received. Thanks
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Tips on selling endowment please
Having been largely lurking on this site for a while it's given me the self confidence to have a go at selling my endowment. I have a Legal & General with profits endowment that is due to expire in Sept 2016. I pay £35.77 pcm and the surrender value last Thursday was £9600. The likely returns are: 4% 6% 8% 17300 20200…
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Shared Ownership Scheme.
Hi all, First of all if this is posted in a incorrect place pls point me in the correct direction. Thanks:confused: After watching Martin talking on the TV about equity release I have become somewhat confused and decidely worried. The situation: Six years ago both my wife and myself agreed to a deal with North British…
