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Faststeps -endowment selling
I am planning to sell my endowment and have had a good quote from a company called faststeps.How do I know if they are a reputable company.anybody heard of them? can anything go wrong?
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Financial advisor fees
In the past, any financial advisor I have used didn't charge - they took a cut from whatever they sold. When I visited a new one today to discuss remortgaging, he told me that they charge - £295 for a new customer, £149 for an existing customer and £495 for a 'sub-prime customer'. Is this standard practice now?
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Early penalty charges
I have read Martin's tip for avoiding mortgage exit fees, i.e. by leaving a nominal sum such as £50 in the mortgage to keep it "open". Is it possible to do this to avoid paying early repayment penalties? My son is having to sell his home and is going to be hit with a £4,500 penalty. Could he avoid this by leaving the…
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how much of my mortgage to pay off??
:money: hi guys i recently(2 months ago) took out a 10 yr mortgage and soon will have enough to pay it all off. however, the terms state if i pay it all off within my 1st yr i will have to pay a £1,000 fee. the mortgage was for 30k :money: and i'm wondering what the maximum amount is i should pay off so i can still…
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Is it possible ....
I have checked out my position with a tax consultant but now need to find out if what I want to do is possible. Very briefly ... several years ago my sister did me a huge favour - she put up a deposit and took out a mortgage on a house for me to live in - our agreement being that I would pay the mortgage, bills and house…
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fee free mortgage broker wanted
please PM me if you are one. thanks
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possible missold endowment
my partner and i bought a house in 2001 still needing aloan for £29700.the adviser reccomened a 'profit builder ' endowment package.we pay £100 a month into this over 25 years, on top of the intersest on the loan.i now think this is too much and think i should have been offered a repayment plan which may be actually have…
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Do I have a claim? Mis-sold Mortgage Payment Protection Insurance and Life Insurance
I'm not really sure if I could have a claim here or not :confused: I was sold my Mortgage Payment Protection and Life Insurance through my mortgage advisor. They told me that they were both compulsory as part of the mortgage but have since read that at least the PPI part is not. Do I have a claim and how would I go about…
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Which lender????
We are currently with Alliance & Leics fixed rate ends 31/12/07. Need 130K over at least 27 years to keep payment around £700. Does anyone have any recommendations as to which lender has the best deals? I'd appreciate any advice.... Thanks
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Interest Only Vs Repayment?
WHAT IS THE BEST WAY TO REDUCE YOUR BALANCE ON A 2 YEAR FIXED RATE? HAVING A REPAYMENT MORTGAGE OR PAYING INTEREST ONLY PLUS PAYING THE DIFFERENCE AVED EACH MONTH TOWARDS THE BALANCE AT THE END OF THE 2 YEARS? WHICH GIVES THE LOWER BALANCE AT THE END OF THE 2 YEARS? THANKS :confused:
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Whats better repayment or paying the difference to the balance at the end of the deal
i have a balance of £106500 with 12 years to go. i want the best 2 year fixed rate ito overall cost over the 2 years. if i pay interest only the monthly payment is £550 approx and if repayment it is £1050 approx ie £500 more. would i be better to put the £500 per month into the bank and then put it towards the balance at…
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Has anyone completed mortgage or had additional funds from NR since the annoucments?
I'm about to complete on a property in 10 days and am told this is all fine but I guess until the funds are released and with my solicitor, we won't know for sure. We also have another mortgage with NR and are taking out additional borrowings which we are told we should get next week although we've had nothing confirmed in…
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LIBOR question
Sorry to show my ignorance but I am looking for a little guidance before tackling my lender. I have a sub-prime mortgage with Kensington. The rate is LIBOR plus a MAXIMUM of 3%. I have recieved a letter this morning dated 30th August (slow post !) stating that from the 1st September the rate will increase to 10.8 %. I have…
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Tracker due to finish with Nationwide
FA has advised me to consider moving to a lifetime tracker mortgage with the Cheltenham & Gloucester this is 5.92% (Bank Base Rate +0.17%). This also has free valuation and legals. There is a £99 application fee payable upfront. Situation is I've 3years and a few months to go until end of term, it's part repayment part…
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Abbey - Repayment Fee
Hi, I am in the process of changing mortgage from Abbey to Ispwich. The Abbey is charging what they call a 'Repayment Fee' of £225. Now, I know that there has been lots activity on the subject of exit fees, but if this figure is in the mortgage contract, do I have to pay it? Or can I claim that the fee is not reasonable…
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surrender endowment policy or take out loan?
Any advise would be gratefully received! I am looking to have a new kitchen fitted and need about £10,000. I could take out a loan over 5 years OR I could surrender my endowment policy OR I could take out the additional sum on top of my mortgage BUT i'm confused as to what to do for the best. A loan would cost me about…
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Your prediction on the bank of England interest rate
Hi all As of writing this the bank of England interest rate (as stated on http://www.bankofengland.co.uk/ ) is 5.75% I would be interested to know what your predictions are for interest rate movements, both short term and maybe long term (next couple of years). Thanks guys
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Combined Current/Mortgage a/c to Fixed rate
I made the mistake of thinking I would be good with money and took out a Virgin One account many years ago. To date I have enjoyed the spending flexibility, but have paid little off the £140k mortgage. I am thinking about moving to a fixed rate mortgage and wanted some ideas. I earn £57k approx House value around £225k…
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Buying A repossession Property
Hi all I only come accross this forum a couple of days ago and have found in extremely helpful and interesting...................I though I was always the only one stuggeling to get on the property ladder :) I have been given a AIP/DIP with BM solutions, and inteed to submit a formal mortgage application as soon as our…
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Endownment loans
We took out a loan on our endownment policy 10 years ago.(stupid I know) We were told at the time the loan amount would be deducted off the bonus at the end of the term huh thats not going to happen now. It is due to end in November and the loan will become payable has anyone else done this? Is there anything we can do?
