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Endowment mis-selling claim. Any advice please?!!
We recently made a claim against Friends Provident for mis-selling an endowment policy taken out in 1996 to cover £34,250 which is now predicted to pay out £29,000. They have offered us a grand total of £258.67 in compensation (they're just putting us in the position we'd now be in if we'd taken out a repayment mortgage…
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First National
Hi - i have a mortgage with First National and i'm a year in to it.. Does anyone know if they do advances on the mortgage and can someone explain how they work. For example if i wanted to borrow £5000 would that be the same rate as my mortgage and over the same period of time? I spoke to someone on the phone and it wasn't…
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could someone help please
Hi, have recently split with my husband, we had fallen a bit behind with our mortgage payments before he left, he's refusing to help with any of the mortgage and certainly not with the arrears which I've managed to get down to (£200). I've switched to interest only for now which is manageable for me but I'm struggling with…
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new mortgage
can anyone give me and my wife a bit of advice, we have a tie in period with our mortgage company(gmac) which ends in 3 months time. we have been paying a way over the odds now for 2 yrs, and need to change mortgages as soon as possible, after the tie in period is over. can you arrange a new mortgage before the tie in…
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Beware the Abbey
Just thought I'd alert you guys to this to avoid you getting caught out the same way: Back in April I was offered a fixed rate of 5.14% by the Halifax (This was for a further advance). At the time I was with Abbey so I called into their branch to let them know that I'd be closing my account and moving to Halifax. They…
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Overpayments.....or increase repayments??
Hi, just abit of advice really, looking to pay off mortgage asap, would I be better making an overpayment each month? or building in the amount I was going to pay extra each month, into my monthly installments. I have a repayment mortgage, if I make overpayments does this come directly off the amount borrowed? And if I…
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Nationwide mortgage commission lies?
Just applied for a Nationwide mortgage. We had an intial meeting with our local branch, where the adviser said that he received no commission from Nationwide for setting up mortgages. When we found a house, we applied online with Nationwide because the entry date was soon and we couldn't wait for a branch appointment. I…
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Save a bigger deposit, or just buy now??
I'm really considering taking the plunge soon and buying my first property. I'm only stalling because I'm trying to scrape together the biggest deposit I can get my hands on first so that I'm not paying twice over in interest for the next 25 years. Of course, this is a never ending saga but I'm thinking of giving it…
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Intelligent Finance - offset options where savings are greater than mortgage
Hello everyone - first timer here looking for some advice. I've recently got an Intelligent Finance mortgage, and am in the fortunate position of being able to offset most (and soon all) of the mortgage with my savings and current account. IF give you three options for offsetting - shorter term, reduced debt or lower…
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Home Equity Loan - your expert advice required!
Hi everyone!! I am new to this and have had a quick look around but I can't find the answer I am looking for, so I really, really hope that someone can dish out some advice. I have recently purchased a property (days ago in fact) and I need to do some rennovation to it and I'm looking for a secured or home equity loan.…
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fixed or tracker?
110 000 mortgage 3yr fixed @ 6.39% -> £576pm interest only £1000fee 2yr tracker @ 5.79 -> £536pm interest only £600fee Which would be recommended? The bank are suggesting tracker.
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any ideas?
we own our property - valued 160,000 ish. am interested in purchasing larger property to split in two for holiday rental as well as our home, price 350,000. i earn 34,000, have 20,000 savings, oh is self employed. is it possible? i would hope to get 400.00 per week high season on holiday let.
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Second Property & Mortgage Options
I'm thinking about helping my brother financially by buying a house with him so that he'd have somewhere to live and I'd have the potential for an investment property. I already have a mortgage but have spare capacity to buy another property, albeit with someone else. My brother would live in the house and pay me a rent on…
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Selling endowment
I am currently in the process of selling a Norwich Union endowment policy. The buyer requires the original policy document. A statment in the copy document says that the lender (Abbey) will have the original doc. I contacted Abbey and they said they did not have it. I contacted Norwich Union who said I would have to pay…
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Shared Ownership Mortgages-which lenders
Hi, Can anyone advise as to how the mortgages for shared ownership are worked out? Do they taken into account credit history? We have just been offered a property and been called into to sort paperwork for mortgage with the estate agent and don't have the best credit history (no CCJs) - which we have been open with. Which…
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Missed Payment on Mortgage - HELP!!
Hi all – I am after some advice for a friend of mine who is in a bit of bother!! So, she has two mortgages – one on her current home that she lives in and another on a property she has had for many years and was until recently renting out… She has the second property up for sale but has yet to find a buyer. She has started…
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IVA Mortgages
Can anyone suggest a mortgage supplier who can provide a 95% mortgage for someone currently 1 year into an IVA. The property we want costs £270k and we have a joint income of £56k.
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Transfer of equity fees
I'm wishing to transfer equity of mortgage to sole owner with borrowing to buy out my husband. There are fees for this of £150.00 for transfer and £150.00 for the extra borrowing. Is there any way to avoid these costs or have them reduced?
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remortgaging- should i add my debt to it?
my fixed rate is ending on my mortgage next month so its time i changed. i have 70300 left to pay and i also have around 16k of debt, i rang the woolwich (who i am currently with) to see what they could offer. i asked them if i could add my debt to it and a little more as my car is quite near to the end, bringing the total…
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The last hurdle?
Hello all... Quick summary. We have sold our house. We have had our offer accepted on our "new" house. We have done a couple of preliminary chats with local whole of market advisor. Got mortgage illustrations etc. We are going in tomorrow to put ACTUAL application in for mortgage. Right. When we spoke to MA the other…
