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Can anyone help on Endowment Miss selling?
Hi there. Maybe someone can help. Back in 1995 I took out a mortgage with a seperate endowment( endowment was £100 month approx). I paid this for about 15 months before my partner at the time and I split up and sold house. Neither of us could afford to take on the mortgage or endowment so they both just 'ended'. We were…
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Early repayment fee
My bank (lender) has advised me that I will owe them £900 when I come to re-mortgage my flat via another lender. Apparently I have been tied to a 3 year agreement and will be forced to pay this penalty as I will be moving lender within the 3 year period. Any suggestions would be great. Regards Roy
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Help! Will mortgage lender release money?
I am selling my house (it has taken forever) and we are just about to sign contracts but a search has revealed an enforcement enquiry regarding the garage I had built on a designated garage space nearby to my house (between two other garages). I have a letter from planning dept saying they will grant retrospective…
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missold mortgage endowments
Just heard back from my building society after sending complaint about the misselling of my mortgage endowment policy. They are saying I am to late and should have done this by April 2006 and that the ombusman thingy agrees with them. They also say they sent me a letter in 2005 telling me how to complain but they didn't…
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Mortgage for new build house
Perhaps one of the mortgage advisers might know the answer to this question - is it possible to get a mortgage on a new build that does not have NHBC cover? I am not sure if NHBC cover is a condition for a mortgage by all lenders? If not do most insist on it?:confused:
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Have anyone been successful in ....
managing to obtain a mortgage while on a DMP? Sorry for going on about this in most of my threads but we are wanting to move house - and although it will only mean increasing the mortgage by approx £8k and the fact that we are already with a sub-prime lender (GMAC) - I am worried that we may have to forgot about this for a…
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calculating monthly interest rate from annual
So I'm projecting my mortgage repayments and equity in Excel. Say the mortgage rate is 6.5%. Would you say that the monthly interest rate is: simple division of annual rate: 0.065 / 12 OR: reversing the formula for a compound rate: ((1 + 0.065) ^ (1/12)) - 1 I note that the difference between these formulae is quite small,…
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HELP!!! IVA Now unavoidable, Need to know steps to complain about mtg broker
If you read my post http://forum.moneysupermarket.com/forums/thread/11479.aspx you would understand why its frustrating to be told now that all along, i wont have been able to get a remortgage done. After at least 5 weeks after valuation was done, i contacted my broker about the update still not received in regards to me…
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Interest Rates
Haven't looked too far back to see if this has been done already, but it is tomorrow, isn't it? What do people think will happen?
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Dear Lord HELP!
Hello there, I'm sorry that this will likely overlap with other threads but I'm so confused I'm in tears. Basically, me and my partner want to get a first time buyer mortgage. He is self employed and in order to keep the tax man's salary at a minimum, his net profit for three years shows at about £9-10K but obviously he…
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Fist Time Buyer Advice
Hi, I would like to buy a property. It is on the market at £67,500. I am on £17,000 P.A. One problem is that I have only been in my new job for a week and another problem is that I have £2000 worth of credit card and overdraft debt. What would people suggest that I do please? Who should I approach? I have read through the…
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Mortgage debt advice - urgent help needed please.
Am posting this in mortgages and on the debt free board because not sure what the best fit is and need some advice urgently. Please excuse the duplication. A frined of mine is going through the world's messiest divorce. Has 3 young children. Gets nothing from the ex2be as he jacked his job in to avoid mainteance. Has been…
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Moving from Offset Mortgage
Hi, Has anyone had any experience of moving from an offset mortgage? Obviously you need to change both mortgage and current account, but is it advisable to change one at a time or both at once? I've realised as I don't have huge savings I'm paying way over the odds and could get much better deals elsewhere! Many thanks
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early redemption penalty
my wife and i were forced to sell our house due to our financial situation, because we finished the mortgage 1 year early, the company charged us [£7500.00 redemption penalty, to me this is in the same boat as the banks and their charges, can anyone give any advice on this? would it be worth taking them to court etc
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Wedding advice (of the mortgage type!)
My wife and I have recently married and are in the process of contacting all of the relevant companies to update our details. We are also in the process of applying to remortgage the house and have been told by the broker that there should be no problem getting the new mortgage in the Mr and Mrs name even though all of her…
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Deeds Release Fee if I have the deeds?
Hi I am looking at switching my mortgage and I contacted my current provider to point out that they sent me the deeds when I moved over to them 3 years ago so surely they cannot charge me a deeds release fee if I move my mortgage? What do you think? :confused: At the end of the day it was their fault in sending me the…
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Tax on tenants rent
Guys, I wonder if you can help me. I am just in the process of buying a house with a friend of mine and we are hoping to rent two of the rooms and live in the other two. I was wondering what the tax implication was with regard to this. Our mortgage payments are going to be £1250 pm and the rent that we receive from the…
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Recommend a mortgage (or broker) for two friends buying?
A friend and myself want to buy our first property together. We have a budget of between 150k and 200k. What we need to do is either get a joint mortgage or two separate mortgages on the one property. Can anyone advise on the best way please. Also we want to hopefully apply online to save a couple of hours in the…
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Combination of mortgage + business loan??
Does anybody know if it is possible to combine a normal mortgage with a business loan to provide accomodation and working premisis?? we have seen a house with a bungalow within the grounds, but we cannot afford the mortage on the house, but we currently pay £1000 a month on our business premisis, we were wondering if we…
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overwhelmed? where do i start???
