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Advice on a Mortgage with a Cash Reserve
Hi All, Hoping for advice on raising £30k. Currently have £97k lifetime tracker with Woolwich. There is a reserve facility on this product but its only £4500 and I need £30000 to fund buying a fixer-upper and selling it on in 6 month's time. My financial advisor is telling me to remortgage with the Woolwich again to an…
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Mortgage Dilema?
My relations are moving house and need around 10K, they currently don't have a mortgage. I presume they won't get a mortgage for this small amount? What are the options open to them? Has anyone else been in this situation? I suggested perhaps looking into a loan. Many Thanks. xx
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One Account Question
Hi - looking for some info. here. My one account has a reducing balance facility. Hypothetical below. Account opens on 01/01/2000 with a load of 100K, term = 25 years. Balance then reduces as follows : - 01/01/2003 - 95K 01/01/2005 - 90K 01/01/2010 - 75K 01/01/2015 - 60K You get the idea. My question is this. If I paid off…
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Help, don't know what to do
We are currently looking at buying a house, been renting too long. Its not our first house as we both had houses previously with other partners but now we want our first house together. Just don't know where to turn. My husband tried to get a mortgage with Northern Rock last year but only had an average credit score and…
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Mortgage exit fee success, but got a question
Hi Got a letter today from my bank (NatWest) that I get £140 back from my recently redeemed mortgage (They wanted £225 orginally from me). But I have a question: What is actually the difference between a Sealing fee and a Deeds Release Fee? NatWest claims that when I took out the mortage the fee quoted was £85 which was…
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A quick thank you to Martin
Thanks Martin Have just got back 2 lots of mortgage indemnity payouts of £128.82 & £114.18 including interest from The Woolwich. Currently going through the court process with my bank for just under £3700, will let everyone know how it's gone early April
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FTB, Exchanging Today - Loose Ends...
Hi guys, First property and Exchanging today -> Completing on 30th. I just want to know what I should get in place and how I should go about it? I need to arrange - BT (Phone) - Gas - Leccy - Water - TV License (Have I missed anything?) How does Council Tax work? How would you go about this? Will they be able to calculate…
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Changing Mortgage Product
I currently have a sub prime tracker mortgage with birmingham midshires. I am starting to worry about the interest rates getting higher and worried if they went so far i wouldnt be able to keep up with the repayments. If i contacted the Customer Retention Team and told them i wanted to remortgage elsewhere would they be…
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1st initial mortgage payment? a few questions
My partner and i are hopefully moving to a more expensive house soon. Our current mortgage is tied in for another year, so as to avoid RDC of £1300 - we took out the extra cash needed on another deal, a 3 year fixed. So, when the current deal runs out in a years time, we will then put that on a 2 year deal, so in 3 years…
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interest rate over next 2 years
does anyone see it going down at all? gonna start a new mortgage deal next month at 5.6% fixed for 2 years. i dont think i dare go for a capped deal anyone any thoughts
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Completion Statement
Hi, my partner and I are in the process of buying an apartment. I received the completion statement from my solicitor this morning. On top of the DISBURSEMENTS (including stamp duty, amount to £2225.09), we are required to pay the following fees (incl VAT): Solicitors Fees - £551.08 Leasehold Fees - £235.00 Mortgage Fees -…
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My mortgage is weird! Advice please!
14 years ago I got an endowment mortgage. As we all know, more recently since then, they are unlikely to pay off the mortgage, so my advisor recommended a part repayment and part endowment mortgage. People talk a lot about paying off their mortgage early, and that thought sounds good, if it is possible to put a bit aside…
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Capped rate ending on 27K mortgage
Hi folks- our 5 year capped rate is due to end in June,when we will revert to the Co-operative's SVR,which is currently at 7.24% We will have 27,000 left as the outstanding amount.House value approx 140K Having read Martin's free Remortgage Guide it says that for mortgage amounts under 30K it is usually better to stay…
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Regency Life Endowment - Unsellable ?
I took out an Endowment with Regency Life in 1991 - who got taken over by Aeogon and then by Windsor Life. Investment Fund : Balanced Life Accumulator (Managed) Current Value : £13483.43 Current Surender Value : £14757.61 Premium : £57.40 Mature Date : 2016 I failed to complained within the barring period so no…
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Mortgage Exit Fee
I have downloaded the template to try and claim back my mortgage exit fee from the Abbey, it is asking me to insert the orginal meaf, i cant find it the actual cost in the t & c's, but i'm pretty sure they charged me, but my new provider took care of this, any ideas what i should do?
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what happens at end of mortgage and endowments???
I really hope that this isn't a silly question What happens when the mortgage and endowments come to an end? do Standard Life pay the money to the Halifax or do we get a cheque and then pay the Halifax ourselves?
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Joint mortgage application, my partner does not have indefinite leave to remain(Yet!)
Dear All, I am looking at getting a mortgage with my Partner who is has been in the uk since july last year on a Partner Visa that is valid for 2 years. She will apply for indefinite leave to remain (effectively residency I believe) when this runs out. It is highly unlikely that she would be refused (she's an aussie by the…
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Periode between 2 mortgage
Hi everybody, Our mortgage is due to renewal at the end of March 2007. We thought that we were taking care of it in advance when we started looking in February, however when we phone our current lender (Portman) they told us we only had until the 28th of February to apply for a re-mortgage with them, and that the closing…
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L&G offer compensation - but I have to surrender policy
We were mis-sold an endowment in 1989. Complained ourselves directly. L&G have offered £21,000 compensation, but only if we give them back the endowment. This should have been worth at least £47,000 by 2014. They reckon it's worth £20,000, but if we choose to keep it running they will pay us £1,000. Is this normal? If…
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15 and 30 year fixed rate mortgages in the USA!
So here I am looking at mortgage products and twitching at the prospect of rate rises or price drops or continues price rises. Umm the states are in trouble but only in the sub prime lending market! Everyone else is ringfenced from the recent rate rises. I had read with a good credit record the mortgage offers actually…
