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when does the first payment come out?
Hi, We are aiming to complete on the 22nd June and we are confused as to when our first mortgage payment will come out. We opted for the payments to come out on the 7th of every month, but will it come out on the day of completion? We are trying to work out exactly when we will need all our money etc..The mortgage is with…
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Sell or keep this endowment.
Hi, here's the details. Policy started 12/12/1990, Unit Linked Maturity date 12/12/2015 Guaranteed sum assured £44,000 (pays £44,000 on death) Current surrender value £16,407.89 Monthly premium £61.33 Estimated cash values... 4% £26,700 6% £30,900 8% £35,700 Company says that no bonuses, terminal or otherwise apply.
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Equit transfer without solicitor
Is it fair/legal for mortgage companies to insist on using a solicitor to transfer equity from one partner to another (e.g. pending a divorce) when the Land registry do not require that a solicitor is used and provide all the forms and guidance that is required? The transfer fee can be as little as £40. The solicitors fees…
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endowment
we are half way through an endowment for 30,000 over 15 years. As we have changed our mortgage to a repayment is there any point carring on paying into this or should we just cash it in
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Should I pay money into my mortgage?
We have a mortgage that is at 4.29% fixed at the moment for another year and a bit. The question I have is should I pay an extra money I have into the mortgage (it's flexible) or into my ISA which is currently giving 5.3%? I would assume that I'm best putting the money in the ISA but I wonder if I'm missing anything here?…
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Endowment mis sold "proven" but no compensation
We have just recieved a letter from MGM saying one of my wife's endowments was mis sod (we have 4, 2 each) but that we have not suffered loss. We took two of them out before getting togther pre 1995. (In fact I got one several yars before I even bought a house, so that is the next we are loing into At first I thought…
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Guarantor and Nationwide
Thank you for advising me.
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My building society has added 5 yrs to my mortgate without telling me!
Are they allowed to do so ? They made an error when I took mortgage out and extended it by five years in 2001 to make up the financials. They did not tell me and I discovered it this year. They have offered me a small lump sum by way of 'compensation' and an option to up my mortgage payment to bring it back to 25 years…
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Second mortgage?
thank you for advice
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Doing my CeMAP Study, age restrictions?
Hi, I am 17 years old and am currently working for the Royal Bank of Scotland where i am a shadow customer adviser (as you have to be 18 to do the full job) I am currently studying my CeMAP after work, it is not required for my current job. Are there any age restrictions on doing the exams? i looked on the IFS website and…
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Offset mortgage advise
Hi all, Our current mortgage deal is coming to an end on teh 31st July and I need some advise on new mortgage. The current mortgage is at 5.14% it was base rate tracker interest only with Kent and Reliance. The outstanding balance is 175K on house worth 250K. We have money in a buy to let. Generally we have about 2K spare…
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Devastated
Thanks for that
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Right to Buy advice
Hi all well i dont know if anyoone has seen my other post in loans anyway here is another option if it is possible my OH has expressed interest in right to buy our council property i have been in council properties for almost 9 years altogether i am told this should give me a big discount, is this true? also i have been…
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Advice needed - a bit different
Hi this is my first post on this board - my situation is a bit different, i don't think I need a mortgage but I need to buy a house. I'm 58 so its a bit hard to get a mortgage and I'm not sure I want to be working until I'm 80. I only need to borrow about 10 to 15K what would be the best solution MSE experts? Many thanks…
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Legals when remortgaging
If we are remortgaging, what legal work needs to be done? We only moved 3 months ago so had searches and other bits done then, will we need to have any of that redone for new lender? We know they will obviously want a valuation report, fair doos, but what else?:confused:
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The One Account
I am looking to buy a #350K house, of which #150K will be mortgaged and have #30K in savings with around #4K being paid in every month via 2 salaries. The interest savings seem too good to be true. Does anyone have any pros and cons of this One account???
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help quick
our sols have received the mopney from the leander but it £860 less! (we complete 2moro) they have taken off the non-refundable completion fee - £799 non-refundable transfer fee - £30 one off payment of- £25 (off not taking there insurance) We throught it was getting added to the mortgage? is there anythink we can do so we…
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be charged for changing a direct debit date?
Hi, wonder if any one can help? I was looking to change my direct debit date for my mortgage from the 6th of the month to the 24th (payday!!) Spoke to First national/ GE Money who advised that yes that was fine but it would cost £240 to cover interest charges. Is this normal? I've changed direct debit before with the last…
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could we really re-mortgage in siz months time?
Hi all i have been posting on the mortgage free wanabe, but after ebing to court today pending a reposession i thought i would ask on here here it goes: 1) went to court for a reposession order due to us being in arrears around £2600 about 4-5 months plus loads of charges, jusge was great and and said as long as we could…
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Self-employed - proving my income
I wonder if anyone could advise me please? I'm self-employed and am increasing my current mortgage along with my Husband (who is employed), due to selling our house to purchase a larger and more expensive one. The mortgage lender has asked me for proof of my earnings, however as I am a sole trader and have a simple…
