-
Endowment Bonuses?
I'm 19 years into a 25 year with profits endowment policy and looking to assess the risks attached and the value at maturity including bonuses. However I am a little confused how the bonuses work, in particular when I rang the company they said that the investment had grown 5% in the last year. However looking at my…
-
Payment Holidays and Selling House
Hi Everyone We are currently int he process of selling our house. We have just accepted an offer yesterday, so all is looking hopefull! However, our fixed rate ends on 1st April .Our mortgage payments are shooting up from £540 to £842! (I/O mortgage with Halifax if that makes a difference) Seeing as we are selling I dont…
-
Can I cancel my old mortgage DD?
Hi all We are changing from a Halifax to a First Direct mortgage at the start of next month. We are tied into Halifax until 1/04/08 and our solicitor wants to see us next week to sign docs etc (we are in Scotland) and they say that we can have it all switched to First Direct on 02/04/08. Our next pymt to the Halifax is due…
-
Advice on business mortgage please
My partner and I would like to buy a smallholding in Wales with a view to farming and opening two holiday cottages, a campsite, cafe and off road course. Does anyone know of anywhere we can get financial advice on the best type of mortgage? For instance, is it possible to get a buy to let mortgage for the holiday cottage…
-
Mortgage repayment holiday interest only
Could you tell me if it is possible to get a payment holiday on an interest only mortgage? And if so how does it affect my payments?
-
Your thoughts on this credit crunch
Morning all i want to get a general feen of what is going on in the world re this credit crunch. We bought are first house 2 yrs ago in this july and our fixed term is up is it best to remortgage now? or can we as we are fixed to july? or should we sit tight and hope things get better by july? or last do we try and sell…
-
Remortgage or Sell Up!
Hi I have a difficult question, I'd be really grateful for some opinions! My partner and I are coming to the end of our fixed rate mortgage, and our monthly payments look set to rise from £620 per month to £880 per month on a property worth £150k (mortgage outstanding £130k). I gave up work 2 years ago to look after our…
-
my fixed rate mortgage is up!
Hi All Having bought my first home in October 2006 I went with a Britannia mortgate of £82K (on a £95K property). The fixed rate was for two years so that's coming to an end this October! I currently pay £422 per month (was a 30yr term at 4.6%). I'm really anxious about what to do next and am well aware that interest rates…
-
help just a quick question
my 3 year fixed rated is up in july should i start to look now for better offers or is it to early as things seems to change almost daily. also is there somewhere that list all the offers that are out there. i have been on a few sites but they dont seem to list all
-
What's my best option??
Hi guys, I'm no expert when it comes to the whole mortgage thing so just wanted to ask a quick question with regards the whole 'credit crunch', blah, blah, blah, situation. We took out our first mortgage in May last year with Advantage Morgan Stanley - 95% on a fixed rate of 6.6% for 2 years (very high I know but it's a…
-
mortgage guidance for my parents!
Hi everyone, my first post on here after lurking for a long time. Anyhow need some input. Parents are comming to near retirement and have a small mortgage thats up for renewal in june. they owe 19k have about 5k in a endowment which they could cash in? house is worth about 225k they are looking at paying it all of in about…
-
Abbey Mortgage overpayment error
Took out a 200k mortgage with Abbey in August 07 and on 24 January 2008 made a 10k overpayment towards capital and instructed them that I wished to keep my repayments at the same level. They took my money but used it as an advance on my monthly repayments therefore did not take payments via direct debit in February or…
-
Endowment/mortgage question
Hi Just thought id run this by you all Got a £27500 Mortgage\endowments ending in 3 years 6 months consisting of 1) 2 friends prov WP (circa 1985) £16500 and £2000 both under performing 2) Standard life policy making up the rest. under performing also ,all by a couple of grand even on predictions of 8% Friend prov's end…
-
Post Office 3yr Fixed Deal for 1st Time Buyer
Hi! I'm new to this forum and all of this mortgage stuff! After reading Martin's mortgage guide and lurking around these forums I've managed to gain a bit of knowledge into how to buy a house. But I'm still a bit stuck! First a bit of background on my situation: I'm a first time buyer with my wife and we're looking at…
-
Best mortgage for me ?
Hi, Wonder if I can get some advice. I have a tracker mortgage on my current house with the C&G owing roughly £34,000, am paying around £320 a month. The property value is about 80k or so and this is my first house. We're now looking to move up the housing ladder and have seen this house which needs some work but is priced…
-
Red Alert letter from Standard Life - panic?
Hi fellow moneysavers, I apologise in advance to ask of you a variation of a question that has been asked in various posts, however have reached a bit of a crossroads with regard to what to do with our endowment.:confused: Like many Standard Life customers have had an endowment update recently, again showing Red Alert…
-
Newcastle Building Society !!!
I have a two year discount mortgage with NBS coming to an end and tried to remortgage last week on there 2.75% discount deal last week. They did not return my calls. Today I have had three phone calls offering a remortgage. But guess what it is now only a 2.25% discount and they have added a whopping £999 fee. It feels…
-
Help with legal fees quote for property purchase?
Hi folks! Please could somebody review the below quotation and see if it is fair based on £210K property. Also I don't know what exactly some of the services are and can they be skipped or fees waivered? Thanks a lot for advice and replies! --- Professional Fee £499.00 Leasehold Supplement £150.00 (Additional cost…
-
Figuring out a Halifax 3 yr stepped fixed rate.
Hello all, Can someone please shed some light on the following figures: These are based on the following: House currently value at £165,000 Remortaging amount - £120,000 Halifax have a 3yr fixed rate which is stepped, 3.99% fixed til 30/04/09 then reverts to 5.99% fixed ril 30/04/11 £999.00 Product fee Remortgage of 23…
-
any thoughts on West Bromwich BS Mortgage?
Has anyone got any feedback on mortgages from the West Bromwich Building Society? They are currently offering (or appear to be!) a 5 year fixed rate at 5.79%. This is "slightly higher" than a lot of other fixed rates, but they claim -No product fee -No arrangement fee -No legal fees -Valuation fee paid (upto £520) Any…
