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Should I sell these 2 endowments?
Goood morning gentlemen, I'm hoping some of the experienced posters on this forum could help me to decide what to do with two Norwich Union 'with profit' endowment policies I have. The details of the policies are: start: Jul 1994 end: Jul 2017 Sum assured: approx 31500 at todays date Basic sum assured: 27400 Premium: 100…
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Transfer of Equity - Someone Please Help!
Hi all, I need some advice on how to got about this transfer of equity to get my ex partner off the mortgage. Some back ground House value = 212K Mortgage = 180K Buy out of ex = 8K Time with mortgage = 8 months. Now I want to tranfer her off the mortgage and at the same time get additional borrowing (i.e. 8k to buy her…
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Last gasp attempt on Endowment Mis-sold
As part of her house purchase in 1993 my mother took out an interest only mortgage with a Standard Life endowment to pay for the £30k capital at the end of the policy term. At the time of taking out the endowment she was not explained any of the risks that are now likely to be realised. i.e. endowment shortfall. She was in…
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Will I get a mortgage?
I need to buy a bigger house with a garage for my business. I have considered selling then renting, renting then renting and I am now considering selling and buying. Selling and buying would have been my first option but I really dont think I would get my current mortgage let alone a larger one, due to change in…
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What makes a good mortgage advisor?
Hi guys, Some of you may know I am planning to study for Cemap qualfications, and was really wondering if experienced advisors can take some time to explain the ups and downs of the job? How do you sell your product? How can you make sure the client doesn't go else where? etc. Thanks
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mortgage late fees any advice?
Hi im new to this site, hope you can help me... On my mortgage account I have had a late fee charge of £50 and a charge of £50 because I cancelled the direct debit with the provider as I felt I had more control paying by debit card. I think these charges are very unreasonable and I keep getting phone calls from the…
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mortgage through Estate agents ??
been first time buyers the whole process of finding the right broker/lender just seems so daunting , can any of the independant advisors on this site suggest whether or not its advisable to go through an estate agent for our mortgage!! we dont have deposit and would need 100% mortgage or can you suggest which broker/lender…
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Can I take money from my brother for my mortgage and not return?
Hi Experts, I am new to U.S. as well as Real Estate (moved from India to U.S. last year). I live in PA with my wife and son. I am buying a house in Pittsburgh, PA. My brother is staying in MN (Minnesotta) and he will continue to stay in MN. My objective: Take money from my brother for downpayment and monthly installment…
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One account ??
Newbie here Hi advice needed , or any pit falls on a one account . ive a 90k mortgage 50k interest only on endowment . ive got about 6 years until the endowment matures giving me the 50k ive got about 6k savings and monthly salary of 2k ... Now I know the whole point of this account is to keep as much Money in it as poss…
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Is My Broker Mad????
My fixed rate mortgage is about to come to an end (boo hoo) in three months. When I took out the mortgage there was an early repayment charge (can't remember how much) if I closed it before Sept. My broker said that I should think about paying this as he reckons the deals now will not be as good as those around in three /…
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Mortgage exit advice please
I have a buy to let mortgage that due to divorce I am forced to sell. I have been racking my brains on the best way to deal with this as there is a £6K redemption penalty that expires in 3 years. There is not enough equity to release the 24K I require on the property and the mortgage is not portable. A friend of mine is…
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Redemption Penatly
I have a mortgage with Alliance and Leicester and have now sold my house which I was not expecting to do. I am now buying a property mortgage free with the equity but I am having to move into rented first as the house I am purchasing is not ready yet. The redemtion penatly is 3% of the balance out standing. The mortgage is…
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Mortgage help!
Hello I was wondering if I could get some mortgage advice!?!?!? My partner and I are looking to remortgage (and borrow an extra £1000) as our discount period with our current mortgage provider is coming to an end. I found this deal on moneysupermarket: Lender: Scottish Widows Bank Graduate Product Name: S Fix 5 year 100R…
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Redemption Penatly
I have a mortgage with Alliance and Leicester and have now sold my house which I was not expecting to do this quickly. I am now buying a property mortgage free with the equity but I am having to move into rented first as the house I am purchasing is not ready yet. The redemtion penatly is 3% of the balance out standing.…
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A good deal?
Hello, (not 100% sure I'm allowed to ask this here so please delete if not) My current deal is coming to an end very soon and I'm looking for a new 2 year fixed. My Details: Loan amount £ 136,500 Type of mortgage Repayment Term of mortgage 23 years Equity £ 28,500 Purchase price or valuation £ 165,000 Looking for a bog…
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Mortgage Flexibility - Northern Rock
I currently have a Northern Rock mortgage and my fixed rate is due to end in the next few months. Northern Rock mortgages all seem to include flexibility about being able to making unlimited overpayments, underpayments by the value of my overpayments, borrow back the money I have overpaid and take payment holidays when…
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Advice on shared mortgage please
Evening all My boyfriend and I are in debt and therefore cannot get a mortgage at a reasonable rate. We have now lived with my boyfriend's mum for over a year (its been almost 3!!) which is a requirement of the 'right to buy' option. Anyway, we provisionally have a mortgage at 7.5% which isn't that bad considering. This…
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newleaf financial advisors
has anyone heard of newleaf financial advisors, i have never heard or come across this name ?? just septical about it !!
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Yet another endowment query.
Hi Folks, Is there a template / guide of what details to ask your endowment company for (Facts and Figures) if you were looking for a surrender / sale value??:confused: I have read through various posts on here where everyone seems to think they have all the details to hand, only to be asked a question by one of the…
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what are the chances of mortgage getting refused after AIP?
we are sending our application back to the mortgage advisor tomorrow, he said that everything is fine and all fits into place, its a 100% mortgage with GE money. dont want to get excited until everything is in black and white. thanks
