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Time delaying IFA !!!
Hi All, We have lodged a complaint and then they claimed it is 'time barred', over three years from when we first knew it was not going to clear the mortgage. I was interested in how I could have known sooner, and the life company claim to have sent two letters, fortunately for me: 1. The first one had a name spelt…
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Re - mortgage with an IVA???? Advice needed
Hi, I would like some help and advice re: our mortgage. We have a mortgage with NR, the fixed rate ends in May this year. We also have an IVA, which we have been paying for the last 4 1/2 years. We have had the property valued and there is enough equity to clear the outstanding amount owed on the IVA. Can anyone recommend…
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Any advice VERY welcome
Hi there, I own a gff and have the full freehold of the whole property (Semi-detached). The fff is leasehold to my neighbours. At the back of the property is a garden area and two adjoined garages. One of the garages is part of the upstair's leasehold. They only have access by foot (so no parking a car in there, just…
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Selling An Endowment ????
I changed from an interest only to a full repayment mortgage several years back, however I kept the endowment going. Is it wise to keep this going to maturity or should I cash in/sell to carry out some home improvements or reduce my mortgage with the payout?? (I can reduce mortgage by 10% per year without penalty.) I don't…
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Scottish Widows Bank's base rate
Does anyone have any experience with a tracker mortgage that follows the 'Scottish Widows Bank's base rate"? It is currently the same as the BOE rate, but has anyone seen this vary when the BOE has changed the rate? thanks
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Equity Release Problem
Hi everyone – I’m looking to take 50k of equity out of the house when I renegotiate my mortgage in Feb, so that I can re-invest for higher growth. I’ve spoken to my lender this morning to run through affordability etc and they want to know what I will be doing with the money. I didn’t think it would go down well saying I…
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Finding mortgage details
When I bought my first property after splitting with my ex my mortgage was with a company called Verso. I have tried finding their details so I can question them about the Mortgage Exit Fees but to no avail. Has anybody got their details or know how I can go about finding them out. I have a feeling that all paperwork I had…
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Lifetime Mortgages
I need to release some of the capital I have on my house, just to afford a better standard of life in my retirement and wondered if anyone has experience of lifetime mortgages, the best one to take out, and if it's possible to set up one directly with a company without going through someone like Key Developments who charge…
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Who is deposit payable to?
I am just wondering when buying a house who the deposit will be made payable to? Is it the estate agent, solicitor or mortgage company?
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Natwest - Shrink your mortgage?
Hi All, I was wondering what the real catch (if any) there is with these accounts that combine your mortgage with your current account (much like the Virgin one account..) For anyone who hasn't seen the ads, they automatically using any leftover cash at the end of the month in your account to overpay your mortgage -…
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Re: Advice about governing bodies for companies NOT regulated by FSA?
Hi there! I really hope there is someone out there who can help me with a question I have got please? Myself and my partner needed help getting back on track with our finances. We contacted a local company whom we had dealings with many years ago in getting us back on track (we responded to ad advert in our local paper). A…
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Separating - got to find a place to live...advice please.
hi Myself and partner are about to (amicably) separate. We have 2 small children. Currently we have a £57000 mortgage (recently reduced to this level by a £30000 overpayment from me). I'm looking for a place to move into in the next few months (but won't be rushed into bad choice). Although I consider the 30000 as an…
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Making Overpayments and Sub Accounts
Hi I want to start overpaying £500 per month on my interest only mortgage. The overall mortgage sum is comprised of the original sum borrowed plus additional sub accounts when additional sums were advanced. In total there are four accounts all with a fixed rate of 5.49% for two years. My query is does it make any…
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Nwebury Building Society mortages/ experience??
Hi, I am currently looking for a shared ownership mortgage. I have stumble across newbury building society. They have a shared ownership mortgage fixed for 4 yrs @ 5.87% up to 100% LTV. Overall comparison 6.4%. This seems almost to good to be true so I am expecting it to be!! The arrangment fee was £395 and valuation fee…
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Re-mortgaging questions, and ERCs
Hi all, I currently have a £114,000 mortgage with HSBC the fixed rate period of which has now ended. They have offered me several new deals which I am considering at no arrangement fee. 2 or 3yr at 5.89% 5yr at 5.79% 10yrs at 5.67% The ERC is 1% of the amount repaid early for each remaining year of the fixed rate period,…
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Mortgage & Seperation
Hello All, after some advice people. Wife and i have decided to separate, i will be renting, wife will be keeping the house for twelve months. We have a 90k mortgage (16yrs left to run - 40 repayment 50 interest only with endowments etc) on a 230k property. We also have about 9k in a loan with two years left to run and 2k…
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end of fixed rate mortage but change in circumstances
Hi my 2 year fixed rate with standard life £116, 000 loan left, 5.19% interest only on a 35 year term, £505 per month comes to an end start of MaY 2008. It was my first property purchase and i took the mortgage interest only over a long term so my monthly payments for first couple years were low enough to manage all costs.…
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Partner's IVA - can we get a mortgage?
First time on the site and first post so very grateful for any help. My partner has an IVA started approximately 2 years ago. We now both have good jobs and are earning a reasonable amount (£60k+ pa between us). We're currently renting accomadation but are keen to get on the property ladder. Does anyone know if this is…
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Remortgage time
My current deal with the principality ends 31.1.08. Current deal is fixed at 5.09% with no redemption fees before 31.1.08. It's an interest only mortgage of £35k and I have 2 endowments due to mature in 2011. Shortall predicted on endowments of Std. life £4k and MGM(?) £3k. I have an ISA current value £10k which I've been…
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Does this still class as a remortgage?
Hello, I'm getting a bit ahead of myself here but I just want to check on the situation so that we can gear ourselves in the right direction in the coming months. Our 10 year fixed rate period with the Abbey is due to finish this time next year. We also have a further advance with them which was taken out some 7 years…
