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How much could we borrow
Before we go to a mortgage broker for real I just wanted some idea what size of mortgage we might be allowed to borrow. Here are our details! My gross annual salary - 32400 Husband's gross annual salary - 24000 Husband's student debt - 8200 (still deferrable) Money available for deposit - 20000 (there is another 5000 set…
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Interest Only Nortgage?
HI - can anyone give me some figures? My mum is wanting to buy a property with an interest only mortgage. The property is £145,000 and she can put down £30,000 so would need to borrow £115,000. Can anyone tell me how much she would be paying back each month please?
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Advice re negotiating with mortgage provider to accept an reduced amount to close a/c
My sister had a lot of finance problems due to a divorce etc. Mortgage account was in arrears and has just managed to clear them, so back on track. Outstanding is now £20k. Family have said they could give £17k to reduce mortgage. A friend has said that due to the problems she has had the bank might accept this amount and…
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Should I surrender SL Endowment Assurance & Homeplan
Hi, I have 3 different plans with SL, and am trying to decide whether to cash them in. The figures are based on Feb 2006 as I haven't had the latest paperwork through yet. From looking through the Forums it appears that I cannot sell my Homeplan policies, but can sell my Endowment Assurance (so I will try and get some…
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Prudential windfalls
Hi all, I had a quick search and didn't see this posted anywhere. If you are considering selling your endowment you may want to consider this. http://news.bbc.co.uk/1/hi/business/6453173.stm
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Endowment currently on track but...
We bought our endowment in 1989 from Hambro Guardian. It's currently "green" with 7 years to go. I see in the press that the time for claiming is running out. What if the endowment goes belly up in a few years? Will we then be unable to claim? We still have the original paperwork including the "workings out" by the Advisor…
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Can Abby legally charge me £700 to borrow more?
Hi guys, Ive just sold my flat for £185,000 and bought a house for £245,000. I need to borrow £72,000 extra on the mortgage to buy the new house, I have been in my interest only mortgage for 18 Months with 2 years due in August where I will look around again for a better deal. I currently am paying 5.29%. Abby will lend me…
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Endowment Complaint upheld but...... help
Hello all Well I'm not sure if I should be pleased or not - FP have stated that ' the majority of the points raised in my complaint have been upheld.' But FP want me to surrender my policy to them. My policy is worth, according to them, £11,261 and my loss if I had paid a repayment mortgage is £1890.22. So they are…
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Shared Equity - Investment companies??
Hello all, My husband and I are looking at moving house and we will need a 100% mortgage. 100% would be £220k. We can afford the repayments and our mortgage lender would lend us up to 220k but unfortunately they will only lend up to 95% LTV. We need to stay with our lender due to the very high redemption penalty if we…
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help in trouble
hi all new here and could do with some advise i got a letter this morning to apperar in court for the arrears on my morgage i can afford to pay them now so if i pay the arrears will the morgage company drop it ?
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Can The Woolwich Withdraw My Offset Mortgage Facility Mid Term???
I have an offset mortage with Woolwich and offset my savings accounts agains the interest on the mortgage, thus reducing monthly payments. Recent literature sent to me states that Woolwich will become Barclays and I will not enjoy the same product. When phoning to check, I was told this was a misprint in the literature and…
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Endowment surrender.
Dont know where my last thread went? I am thinking of surrendering an endowment that matures in 2013, considering i am paying over £50 per month for the insurance for this mortgage I think it may be worth looking into to. Can anyone suggest where to look?
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payment dates
Have a morgage with Iintelligent finance we was on a variable rate so we are in the process of switching to fixed rate.The solisiter have done there bit now and they said they are waiting for intelligent finance to switch morgage products and give them a completion date.My payments normally come out on 29 of every month…
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Time to change mortgage - if possible?
My situation is a bit rubbish mortgage wise and I am now able to look at changing as fromnext month I won't incur any early redemption fees. However, I think I'll have a few hurdles to jump to change and really need some advice. I got my current mortgage when I moved nearly 3 years ago. I went through the estate agent…
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commercial mortgage
we are looking for a business such as hotel,holiday home park.We have previous business knowledge and understand LTV and most other critera.We will have around £100k of equity in our property.Given that most lenders offer around 85% are we restricted to looking at business around £650k. The reason i'm asking is that my…
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endowment surrender aap
I have had an offer for my endowment of around £7000 from a company called AAP it is about £500 more than the surrender. Whats this company like? are they ok to deal with?
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Bank of Ireland??
I have just been looking at a mortgage with the bank of ireland which is the most promising so far. Probably a silly question but is it possible to get a mortgage with them even though I don't live there? Anyone know if there any good? Thanks
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Mortgage deals and refinacing debt
I am new to a job in a bank and I talk to customers all day about how they could best save cash. It amazes me how many have taken out a high finance second charge on thier house rather than go to a mortgage provider to see if they can help. More needs to be done to let people know that those people are the last resort not…
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what to do?
Got a letter yestaday from my mortgage company saying that at the end of this month I will be coming to the end of my fixed rate tie in. Now I will admit that I made the mistake of thinking I was tied in for 3 years but this letter states only 2 years. It also states 2 years in the small print so i will admit I made the…
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Using endowment to part pay off mortgage
I would be most grateful for a bit of advice. I have a 16 year endowment for £32K with Phoenix ( initially Sun Life I think ) which has 4 years to run. I am now told that it will only be worth £21500 at maturity ( assuming 4% growth - which they think is reasonable! ). The surrender value is £13800. As it is not a with…
