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Mortgages & endowments

Archives for October 2007

reattribution of the inherited estates of with profits sub fund?
as the title. does anyone have any info(or understand it) on this,it's the prudential that is looking into it. has it been done by any other companys?worth waiting for?any financial gains?
What can I do?
we have got an interest only mortgage that is 2 years old, because of the interest rates rising, we are REALLY struggling to pay the instalments. We have looked into re-mortgaging to try and bring the re-payments down, but have had no luck. Meanwhile, our debts are mounting up and a company has requested to put an order on…
woolwich openplan
Hi all,first time poster long time reader. I`ve recently just moved house, and got the new mortgage with the woolwich.To cut along storey straight, i had used £15000 of my reserve on a loft conversion on the previous house and had not repaid it all back.The idear being that a would add it to the new mortgage. Unfortunatly…
How do I?
How do I fix for 5 years (to be nice and secure with what I am paying) but for 3 years of that live in the property and 2 years of that be abroad so the property will be let out. For those 2 years I need to be on a buy2let. But I would rather not have to be on a buy2let for the whole 5 years (worse rate?). I'm worried that…
Mortgage/tax/rental - confused!!!
Hi Wonder if anyone can help - I'll try and make it as short as possible! My husband and I own a house and a commercial unit which we rent out. Both were bought a while ago and there is no mortgage on either. They are in my name to use up my tax allowance as I don't work as Ilook after our young children. We currently rent…
Compensation agreed but fair or not?
My low cost mortgage endowment policy was designed to repay £7000 (Basic Sum Assured £2758 + bonuses – starting 1986, due to terminate 2008). It was performing very poorly and I sold it for £3497 in 2003. The seller has upheld my complaint but does not accept that there was any guarantee of bonuses. They have offered me…
Average interest rate for fised deals at moment?
Hi All (MA's specifically) Just wondering what the average interest rate for a FTB fixed rate 125K mortgage with a 25K deposit is likely to be? Who's the best buy at the moment? (Taking into account set up fees etc). Also, any companies offer IO but allow overpayment of the balance up to 10% per year? Thanks
Broker or Lender for Buy To Let
Hi im not happy with london and country so im looking for another broker or ill go direct to a lender. broker myst be all of market and no fee, feel free to leave your details here if you want me to contact you. i own a house that is rented out. i get 450 pcm for it. its currently valued at around 95000. i have a mortgage…
the one account
Natwest have joined The One Account in offering a combined mortgage and savings account designed to shrink your mortgage from 20 years to less than half that. How does it work and are there any catches?
Help I don't wanna lose my house
Hate to say it but I may lose my house unless I can take on the mortgage & buy out my partner, as it stands now its a 2 yr fixed rate with Nationwide @ 4.94%. Due to end Feb 2009. Do you think they will lend me the money to buy him out & extend the term , I need to come up with approx £28K, on paper I can afford it but…
Capital Gains
My friend bought a house 2 years ago but could not get a mortgage ( due to his being self employed ) but had a deposit of £30000. So his parents got the mortgage of £108000 and he paid them the payment each month. Now he has managed to get a mortgage and is in the process of transferring the house into his name and paying…
Abbey present standard variable
My fixed rate mortgage is coming to an end in January and im trying to find abetter deal. When i took out the deal the rate was 4.5% for 2 years then will increase to the standard variable rate. At the time was 6.5%. Obviously interest rates have gone up so how do i find what i will be paying come January??
First time buyer with £60k savings.. advice wanted!
Hi, I am a first time buyer and would like to some advice. My situation: Earn £52,000 pa which is net £2750 pm. I have £60,000 through savings and bonuses over the past year and only student loan debt. I currently rent and pay £500pm. I expect I will net somewhere between £10,000 and £25,000 over the next year in bonuses…
Mortgage and Moving Fee Question
Hi I have just purchased a house and I am getting a bit worried about the fees that are totalling up. I purchased a house for £142000 I put a 10% deposit down which left a £127800 But so far we have paid out £2250 in fees. This seems a bit steep. Is it usually this much? Chris
Excuse my ignorance
Can anyone tell me at a glance whether the following offer of a re-mortgage from the Dunfermline Building Society is reasonable/competitive. Mortgage 15,000 Term 15 years capital and interest 180 months £137.16 from the 6.99 product Legal fees £300 Valuation fee £80 Arrangement fee £125 Total £25,068.80
More Endowment selling do I don't I?
Hi all, this seems to be a popular subject at the moment so thought I would add to the requests for advice! I currently have 2 endowment policies to support an interest only element of £26,000 on a mortgage that is currently £83000 (rest is repayment). These endowments where originally to cover £52000 of morgtgage but I…
Mortgage exit fees help
I am due to change my mortgage in the next 2 months and am going to be charged £195 by my current lender. This was always stated on the contract but I wondered is there anything I can do about it?
Relocation and proof of salary?
I am looking to take out a mortgage after a year renting as my husband and I are relocating from London to the Midlands. We have a good credit record and a large deposit which will cover more than 50% of a £200K house value. We have no other debt. I will be in my current job until end of December and have already accepted…
Endowment selling! Do I, or Don't I
:confused: Can anybody help me please, I have a Scottish Provident with profits policy. I'm thinking of cashing it in as I could do with a lump sum to help with my current financial state. (I'm just scraping by every month). I have had various offers in the past few days, and am now wondering if this is the correct thing…
Your advice Please?!
HI I own my own house it's worth (because of ridiculous house prices) £400,000, i only have a mortgage of £55,000 on it. I don't work and my husband works. We have 5 children, 3 teenagers and 2 toddlers. I don't plan to work for about another 5 years or so. We have got to a point when we desperately need to do some house…

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Mortgages & endowments

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