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Mortgages & endowments

Archives for April 2007

surrendering endowment
Hi, Most likely going to sell a underperforming endowment back to Zurich (Allied Dumbar) and swap morgage to repayment. The surrender value changes daily. Can you tell which day it is best to surrender? Does it make alot of difference or will it just be a couple of pounds difference. Do you get paid the amount when you…
FTB Buy-To-Let or Residential?
Hello there, Most useful, informative and honest site on the web, congratulations to all. Hopefully you can give me some tips and advice concerning my current house buying situation: Aged 23, I'm a FTB with a good salary and minimal outgoings. I've found the property I want to buy; two-up two-down stone built end-terrace -…
Got My Mortgage Quote - seems a bit steep
ive went through an idependant mortgage adviser and received the following quote: property price £155,000 amount of loan required £105,000 based on fixed rate of 5.14% for 2 years - monthly payment £626.11 This seemed fine but we've seen a house for £160,000 and asked for requote based on this. fixed rate again (not sure…
Endowment Surrender & Legal Advice
Can anybody please tell me if legal advice i.e. services of a solicitor, need to be used when surrendering and endowment policy(s). Any help/input will be appreciated.
Overpayment - Capital Repayment
Hi Could someone explain the difference to me between an Overpayment and a Capital Repayment. Thanks
Getting a new mortgage with debt
Hi Apologies if this is in the wrong place. Basically, this time next year I intend to move house. I'll be wanting to increase my mortgage. I currently have debt but the equity in my current house will pay that off. When I apply for a mortgage...will they take that into account, or will the debt mean that they won't offer…
Just bought a house - need advice urgently
Just put an offer in on a house and we have been accepted. The offer is £101,000 which we have no problem in getting the mortgage for. But my question is how do we go about getting a mortgage of £110,000? Do we get a mortgage of £101,000 and then re-mortgage the next day or what do we do? There is a current survey on the…
Reduction in Maturity
hi all When I moved in 2005 i ask Royal London to give a estimated on maturity of endowment in two years time. At that time they quated between 60,000 - 66,000. On this basis i only needed to get a repayment of 30,000 to cover remander. This month i recieved a letter with prodicted figure now of 41,000. Which raises the…
First time buyer - can't decide who to choose.
My situation is this: I am looking to borrow about £200K and have between £50k and 70k to put down as a deposit with a maximum purchase price of about £230k. So far I am seeing lenders offering me (on the L&C website) a whole range of mortgages - I've only looked at capped and variable on the basis that fixed are likely to…
Re-mortgaging a buy to let
I'm looking into buying a property to renovate and re-sell, however, if I were to rent it out instead could I remortgage and release as much equity as possible? Presumably I could only remortgage 85% of the new value after the renovations though? In which case I'd end up with 15% being stuck in the property. Would there be…
help GMAC RFC
hi my mortgage is with gmac rfc thy have sent a letter taking action to get back 580 17 p that i owe on arrears i have sent this off but have missed this months payment which i can pay in two weeks i dont have a direct debit with them so i am charged 15 pounds plus 50 pounds arears fee each month this was because i was…
Mortgage Redemption Penalties
Hi, can anyone please offer any advice? I am planning to move this year but took on a 3 year discounted mortgage 2 years ago. Therefore if I settle the account early I will occur a 6 per cent redemption penalty (approx. £8000). I know that this fee was stated in the t&c's when I took out the mortgage, but to be honest I…
Buying a house with friends
Help! Me and two friends have decided to buy a house. We've lived together for a long time, and so have no worries about fall-outs, but we are struggling to find the right advice about mortages, solicitors and all the legal stuff. We are happy to go through London and country to get a mortgage but would really like help…
10 Year fixed mortgage
Were thinking of taking out a 97% mortgage with the Halifax which would be fixed at 5.79% for 10 years. Do you think its a big gamble to commit for 10 years ? How do you see it going ?
Lifetime mortgages....fixed rate for 50 years....?
I believe in parts of Europe,it is common practice for families to pass the mortgage down from generation to generation. A lifetime mortgage could mean a bigger house and smaller payments each month....? The family house would be big enough for 'ALL' to live in (in harmony). With rising costs,I would guess it is a…
Possible Mortgage Scam!
Martin I think the Woolwich has developed a great scam and I would be interested in your thoughts. I have just recently transferred my mortgage to Woolwich from C&G and I have to say I am very disappointed with the service so far. Firstly, my mortgage completed on the 27/4 and the Woolwich help line (we wont even talk…
Mortgate Early Termination Fees
Hey, I appreciate this has already been covered before but can anybody point me in the right direction to find out if i can escape paying an early termination fee with my Mortgage lender? Anybody who wishes to offer advice on this matter would be appeciated. Cheers in advance
transferring endowments when married
First post here, grateful for any help! I got married last year and sold my flat, freeing up my two endowment policies. Our current mortgage is just in my husband's name, we haven't added my name to the mortgage as the Woolwich want us to remortgage in order to do this. However, I'd quite like to assign my two endowments…
Abbey additional lending
Just called Abbey regarding the MEAF with a view to claiming back the difference. I was informed that although when I took out the mortgage the fee was £99, when I took out an additional loan in April 2006 I would have been told the fee was £225. Upon closing I was charged a fee of £225. What do you think? Any point in…
Help on Remortgage and redundancy
I was recently made reduntant but immediately picked up a fixed term contract (ending in two weeks) with a view to continue contracting in IT. Myself and my partner have just accepted an offer on our house and need to extend our mortgage by about £75k to buy the house we want (We currently have a little under £100k owing…

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Mortgages & endowments

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