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Whats a reversal mandate?
just been asked this: Our mortgage went out as usual on the 1st....went to check the balance just now and it's been put back in with "reversal mandate " on it?Why?Anyone have a clue?? anyone know?
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Can someone please advise on my endowment ?
i just got my 2006 statement today. If the endowment is performing reasonably I'd rather keep it just because it's a little 'pot' I don't count as savings and won't be tempted to spend. Can someone have a look and tell me what they think ? Legal & General Maturity Date : 07/11/14 Basic : £ 18,360 Existing Bonuses : £ 9887…
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Agreement in principle query
Just a quick question for a friend... How long does it take to get a Mortgage agreement in principle from the Halifax? Their broker said they will send the application during the day today, have already done credit checks and have all the Id/wage slips etc. When could he expect an answer? Anyone got any idea? Thanks.
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Reducing period of mortgagefrom 15 to 9years
Choose/or change to a mortgage company which calculates the interest daily. Then agree with themto pay mortgages in 2 half-payments each month. Say your repayment was £900 then pay £450 on one date and the second £450 some 14 days later. you only have to find one extra half-payment. Mortgage finished in 9 years instead of…
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This is probably a silly question......
My hubbie & I are first time buyers and all geared up to see a mortgage broker. We have about a £20k deposit to lay down but I've heard that if we are get approved, find a property, make an offer and then the vendor were to pull out for any reason before contracts were signed that we, as first time buyers, would lose our…
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Just been turned down for Mortgage
Just found out we have been turned down for the mortgage we wanted with the Nationwide. The EA is going to try the Halifax to see what they say but I don't hold out much hope. Feeling really down now - the house was perfect everything we wanted but we just cant have it. Are there any lenders known to yourselves who will…
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advice needed re Norwich union endowment
Hi I have a Norwich Union with profits endowment fund that I am considering selling because I am moving house and was thinking of puting more down on the deposit. Its current surrender value is £5299 and have been offered £5900 from a endowment buying company.I believe that there will be some reorganisation of funds next…
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How long do Underwriters take????
We have finally had all our remortgage stuff sent to the underwriters (prob received it Friday morning) by our mortgage broker. The girl who I spoke to (mortgage processor) was incredibly chirpy and positive and said we should get an offer through this week some time they'd got all the documents (it's a self cert…
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Reclaiming Mortgage Exit Fees
Hi Reclaiming my mortgage exit fees couldnt have been easier 5 mins on the phone to Natwest and i'm £140 better off, i'm amazed :-) I can't believe it was so easy i just followed Martins advice as listed on the gmtv website (which is where i orginally heard i could claim). I didnt really understand it all but there really…
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To sell or not to sell..
Hi, I have a couple of endowment policies that were originally taken out to cover a mortgage in 1987. One is with Friends Provident and was originally to cover £25000..... it's now predicted to pay 15,500 at 4% a year, 16.600 at 5.5% a year etc. I've complained (actually must have been one of the first to do so... before…
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Bank Statements & Mortgages
Hi, just looking for a bit of advice please. We bought a car back in June and used our overdraft to fund it. It has taken us until the end of this month (September) to pay back the overdraft - it will be cleared when I get paid on 26th Sept. We have just applied for a mortgage and are still waiting to hear. It was through…
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additional borrowing
Hi, We are already in the last 11 months of a nationwide 2 yr fix. We're moving and am tempted to increase the loan with them to avoid high fees from a new lender and early redemption. But... is it sensible to take out a new fix rate across 2 years on the second loan, knowing that the other is up for renewal next year. I…
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Re-morgage
Will it benefit to move my current morgage of £26000 to another lender? 6 years left to completion.
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Who pays SVR??
From time to time I read that there are considerable numbers of people who are rich or foolish enough to just stay with the same lender at the end of the inducement/tied period. This gives rise to an interesting thought - are these people, in effect, subsidising the lower rates which the more 'active' borrowers are able to…
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re-morgaging
Is it worth re-morgaging remaining of 6yrs morgage of £26000?
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Mortgage Renewel Tommorow
We have a £41,000 mortgage with the halifax with 15 years left we have had a traker for the Last 3 years and we are probably looking for the same thing only a option to pay extra off if we want to can any one tell me what i should be asking for and any advice for this sort of thing??? Thanks
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lost the house, now they want more money. please help!
please help! house was repossessed last year. mortgage was about 136K. mortgages plc sold the house for 136K. now they wany an extra £13,181. is this legal? :confused:
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Bridging loan or is there another way?
Hi, could someone give me some advice please .... Just found our dream house today - which costs 325k - and the sellers want a quick deal. We also want to move quickly as my wife is expecting our first child and we'd like to be settled long before the baby arrives (due late march). Trouble is ... as we were only half…
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options, options and confusion
i have recently taken heart from the mortage free thread posted somewhere on this forum the other day from the guy who overpayed and stoozed his way out of mortgage debt, and i have made a decision to do similiar. but i cant decide how best to do it and would value any input, mainly in case i have missed something in the…
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Home Ownership Plan/Mortgage Questions
Hi, I'm currently serving in the forces and I happened upon the Home Ownsership Plan. It involves a mortgage and also a loan to purchase a property. Has anyone here heard of these or used them? It looks too good to be true as you can get a more expensive property with a smaller mortgage. We are first time buyers with a…
