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Mortgages & endowments

Archives for May 2007

How do you release money from your home
Hi can anyone help please?? My mum wants to release some money from her house now,she has NO mortgage but does not to sell or move, she has been battling with breast cancer for 10 years now and has gone through alot, so would like to release some money from the house to enjoy holidays, new car ect. you cant take it with…
Add debt to Mortgage ? Help please
Hello there, This is my first post so be gentle :-) Here is my problem. I currently owe £30k in unsecured debt (Cards,loans,etc) I am wishing to put this onto our mortgage but here is the problem. We have only had this mortgage for 5 months (With Abbey) When we took it the house was valued at £225,000. We took a mortgage…
Lloyds TSB warning
I'm new to this board so forgive me if this has been covered previously. A word of warning about closing a Lloyds TSB mortgage … I paid interest only on a borrowing of almost £16,000 and safeguarded the repayment of the capital sum with a Legal & General with-profits endowment policy. It matured a few months before the end…
Moving from "One Account" to...?
I have a one account and am considering a move to IF (£600 setup fee but would save around £2800 over the next 6 years as a result of lower rates). I've been very happy with the one account and will be sad to move away from them as they have given excellent customer service and I like the online banking tools; however…
4.5 times joint salary possible?
Ok, this probably does get asked a lot, but.... Can we get 4.5 times our joint salary (approx £55k) from anywhere? I know Abbey and one or two others say they do it, but you have to earning over £60k, so we are close but no cigar... We'd have about £20-25k deposit (hard to say exactly, as it depends on sale price of house,…
Yorkshire Building Society Exit Fee
Just about to move from the YBS when my current deal expires in July, whats the exit fee on YBS mortgages.
Early Redemption Charges
My friend has a 2 year deal with Birmingham Midshires, but because she has some financial difficulties at the moment, and she's only in her first year with the deal, she wants to get a bigger mortgage and share with her son. BM woudn't give her more money, and because she has a new offer from Victoria BS, BM want £9,000…
Creidt scores - I don't understand!
Firstly apologies if this is not the correct board but I am currently looking for a mortgage and posted a few days ago about being refused by Halifax (our current lender) for a homemover mortgage. Since being refused I have checked out my credit score with all three credit reference agencies and all vary so much I don't…
Confused about dates and payments on remortgage..
Hi all I hope someone can advise us please. My current deal with my existing lender ends on the 30th June.We have remortgaged with a new lender but in their offer letter which we sign and return it states figures as if the remortgage starts from 1st August,with a much larger sum due with the new lender on the 1st…
Paid off mortgage: keep or sell endowment?
We've just paid off our Woolwich offset mortgage nine years early (yippee!!). Now our dilemma is whether or not we keep our endowment running. The policy is with Zurich (was Allied Dunbar) and has been running for 16 years. We increased our premiums 10 years ago to avoid any possible shortfall (though that's probably…
Self certified mortgage?
Can anyone help...? (I did post a message earlier but it seems to have dissapeared:confused: ) It looks like we need to get one of the 'self certified' mortgages (where we do not need to provide proof of income). We had one of these some years ago but it was arranged for us by a mortgage advisor. Basically we have 190k…
Mortgage question for FTB
Dear all This is on behalf of my son and his girlfriend, they are 19 and 18, earn £28K between them and want to buy a house for £120K. They have a small deposit. No CCJ's or bad credit history, will they get a mortgage for this amount and who would be favourable lenders? Thanks in adevance.
Advice needed pls!?
Hello guys, I'd be really grateful of some advice. My circumstances are that I'm currently unemployed and my new job doesn't start until September (claiming interest repayment benefit). I have a repayment mortgage with £36,000 still owing; My house value is £145,000 (minimum), so I have a considerable amount of equity. My…
Green Mortgages
Hello, I am wanting to get a green mortgage to go with my new "green" property. Has anybody ever seen anything suitable. Thanks Ahanpats
Interest Rates and "The Curve"
Hi, When the future course of interest rates is discussed on MSE I've noticed that some wise souls keep referring to "the curve" which seems to offer some indication of where rates are heading. What is this curve, where can I find it and how do I use it to gain some idea of where interest rates are going? Thanks!
Advice please would a varibale rate best for us
Hi I need some advice, we currently have a virgin one account and think we really need to switch it as were not really paying that much off, and have come to the conclusion we would be better with normal mortgage with overpayment facilities. Today I have been to the skipton b/s and have had an illustration about their…
Woolwich
I have written twice to the Woolwich using the letter template to reclaim mortgage exit fees but they have totally ignored both letters, is there anything else I can do? We were already with the Woolwich then we changed to a full repayment mortgage with them from an interest only because our endowment policy won't pay out…
Mortgage help..
Hi, Hopefully someone can help here, i'm trying to help a friend out by posting their info on here. They are first time buyers and would like to buy a house for £298k with £19k saved up for stamp duty, fees and deposit. So Stamp Duty would be about £8940, fees £1000. So leaving them with around £9k deposit. They would like…
Repayment Charge?
Just looking at the key facts sheet for the mortgage we recieved for our Chelsea remortgage. We are going for the three years fixed, with no fees. On the key facts sheet, it mentions a "repayment fee" of £175. Would this be payable if we remortgaged at the end of the three years with another lender?
New job/new mortgage?
Hi there - hoping a mortgage expert might be able to help with this? The flat we were supposed to buy has fallen just through so we're back on the hunt again - problem is I just (literally - last Fri) found out I've got a new job which will probably be starting in around 6 weeks time which throws a bit of a spanner in the…

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Mortgages & endowments

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