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Advice needed on hubby's mortgage potential
Hi, hoping someone out there can give us some advice. My husband had rather a lot of debt when we met which I got him to seek advice about when I found out. His debt is around 24K, 6K of which is on a student loan which is currently deferred. The rest is with 3 other creditors all of whom have frozen the interest and have…
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advice on mortgages and credit limits
Wasnt too sure where to post this, If someone has 2 residental mortgages against houses which they rent out, and trying to stooze at the same time, will the mortgages affect their ability to apply for high credit limits on credit cards??
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Mortgage Advisor telling us we have to pay more!!!
Can anybody please offer us some advice? we got a mortgage arrangement with the Halifax for a house we liked in December we proceeded with the sale until right at the end the deal fell through!! As luck would have it an other house accross the road as become available at the same price nearly, so we were overjoyed so we…
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Property Auction / Mortgage Dilemma !!
Partner & I have seen a property advertised for auction at the end of the month. Guide price is £450k - £500k (expect higher). Current situation is we each have our own properties: property 1. Value £200k-£225k (mortgage £140k) property 2. Value £200k-£225k (mortgage £100k) Salaries are £40k + £30k plus £3k maintenance.…
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OMG! £2600 arrangement fee!!!!!
I was looking at fixed rate mortgages earlier today and found what looked a good deal from the Leeds Building Society. IIRC it was a superb 4.99% for two years. When i dug a bit deeper though i noticed they wanted £2600 as the arrangement fee! I know there probably isn't any legislation against this kind of underhand…
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Mortgage question
Is there any way that I can check to see if I will get a mortgage even though I havent bought my new house yet? hubbie and I have just put our house on the market, but, now, im starting to worry incase we cant get a mortgage for a new house (max house purchase would be £250,000, and deposit would be £60,000, so max…
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Avoiding Early Repayment Charges
Hi, Having sold my house I have been told by my lender that I will have to pay £5,000 early repayment charges if I don't transfer my mortgage within 90 days to another property. As I may not have found a suitable property within the 90 days would it be possible to transfer my mortgage onto my parents property to avoid…
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Selling an Endowment
I have an endowment policy which matures in just under five years. It's projected to pay out at 4% £27.600 at 5% £29.000 at 6% £30.500 I have enquired about selling and have had an offer of £22.900. This endowment costs me £52 per month. I have a mortgage for £58.000. Would I benefit financially by paying off a lump sum on…
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First Time Buyer "No Fee" Mortgage
Is the halifax the best or are there better deals out there?
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managed currency mortgage
can anyone please advise regarding pros and cons of managed currency mortgages? too risky?? or just not caught on in the uk yet?? thanks
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!st time buy to letter
Hi all, I have finally managed to purchase my own house (nov 06) and am now looking to set up a 'retirement' fund in the form of some buy to let properties. Can anyone point me in the direction of some good reading, and / or good interest rates for both the BTL mort and somewhere where I can get an affordable rate for a…
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Remortgage question
i am remortgaging from Halifax to Abbey and have received an offer etc. With halifax i had a 45k mortgage which was discounted until 31/5/07. i then got a further advance of 15k discounted until 2009 sometime. i am remortgaging for £80k. My question is this - is it possible for me to go ahead and get all the money in place…
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Endowment -> Ombudsman rejection -> Small Claims Court???
I took a £51.5k endowment with Scottish Widows in 91 and duly poured £67 per month down the drain for c. 15 years afterwards. In 2004 I claimed for misselling due to various reasons, including the fact that it was an unsuitable product for me at the point of sale etc ... In 2004 I was delighted to be told my an Adjudicator…
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Advice on new mortgage please
Hi, My husband and I would like to remortgage. We moved house last summer, and due to redundancies, and moving to a new area due to my husbands new job, we weren't in a position to shop around, so we basically sweet talked our original lender in letting us keep the same amount as we had on the old house. We have been…
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Endowment compensation gross interest taxation
Thanks for your great advise,we received compensation from Britannia last year for a missold endowment policy. They have now written to us stating that the gross interest part of the compensation may be liable to taxation and that they have notified the Tax Office. Can this really be possible, surely the compensation is…
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Morgage Endowment miss selling
Hi I have a endowment policy with scottish amicable (Prudential) It was taken out in 1990 and sold to us by what we thought was a IFA. When we claimed for miss selling some years ago we were shown by Pru after some 12 months or more of to and throw that we were not sold it by a IFA at all that his registration had expired…
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Mortage Advice / Over Payments
Hello I have recently been to see a Mortage Advisor because I am buying a house with my partner. We are FTB and the house is a collosal £167,500. We have a 10% deposit. The advisor said we may be better to go for a 30 year mortage and then make over payments. He said if we pay an extra £100 a month for example then the…
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sharetobuy.com
I am considering buyng a property with a long term friend to help her get on the property ladder. I already have my own home so my mortgage lender has said I cant get a second residential mortgage with them as I obviously cant live in two places at once and have suggested a buy to let. However, my friend wants to live in…
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Is it ok to never pay off my mortgage?
6 Years ago I had to start a mortgage on my own again. £40000, and my house is worth about £185000. I don’t have any children to leave my house to, so my financial advisor suggested that I never pay off the capital, but keep re newing my mortgage every 2 or 3 years, and pay the Interest Only. That way he said I would have…
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Mortgage Early Repayment Fee!!
Hi money savers, hope someone can help me!!! Today whilst looking to see if im eligible for reclaiming any money for early repayment fees I came a bit confused I know that it is down to what the original contrat says to what they did charge you, meaning you can claim the diffrence back. But looking at my Redemtion…
