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Mortgage Redemption Miscalculation
I'm hoping someone could give me some advice. My brother has recently sold his flat, his solicitor recieved the redemption figure from the bank and the money was paid. Now around six weeks later the bank has contacted the solicitor saying that the interest was miscalculated and he owes a further £170 and are refusing to…
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should we save the house or not???
Hi all try keep it simple,just found out my parents have done equity release.. they borrowed £70,000 (index link cash release plan),now its over £100,000 6yrs on with a penity for paying off which is linked to the GILT YIELDS if the gilt goes down you have to pay more( i have no idea what the GILT YIELDS is but look pain…
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Endowment selling - few questions
Hi 1) whats the tax angle on this ? - i'm assuming a normal endowment if left full term is tax free (but i might be wrong) mine is not linked to the mortgage anymore had it 18 years - its a 25 yr one 2) its N.U. by the way - they have projected if it grows at 2 % 4% etc. but i dont think this includes the terminal bonus ?…
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remortgage offer
just got back from my broker, he tells me that in his opinion this is my best bet . c+g, term tracker bank base rate +1.39% . £56,035 for 20 years at £414.16. this carries fees of £400....now i'm fairly sure this is going to be ok , but will ask on this forum if any one knows of a possible deal he may have missed... none…
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cash in or not
to keep it short I have had awith profits endowment for 10yrs @ £229/month this includes critical illness, and have paid in £29000. Surrender value £21098 but two months ago before bonus added was £21558. So I'm thinking rather than pay in for a further 10yrs cash it in pay it towards mortgage and use monthly payments to…
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Advise please on cashing in Norwich Union endowment....
Hi All.. I'm 15 years into a with-profits Norwich Union endowment to cover 42.5K over a 25 year period... My house is worth around 300k and my mortgage is with Nationwide for 69k.. Was on a fixed rate of 3.99 which ran out in April and I'm now on 6.49 variable.. I also have the mortgage split as 42k interest only which the…
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Applying for credit cards without the home owners permission
Hiya Im new here so I apologise if this is the wrong place to post this. I currently live at home with my parents as does my sister. Unfortunately, my sister is not very good with her money and is currently overdrawn and also has a loan. My sister has now applied for a credit card that will be registered at my parents…
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Btl Mortgage
Who is offering the best BTL mortgage at the moment, based on a LTV of more than 75%? thank you for any help.
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Splitting of deeds on completion of remortgage - how?
We own two adjoining houses that are on one title deed. We bought them as holiday cottages using a commercial morgage, but we now have residential consent on both of them. We let one on an AST and live in the other. We want to remortgage to a normal residential mortgage, but to obtain that on our property, we need to split…
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Anyone got a graph to show interest rates over last 5 years?
Has anyone got a link to show the rate chnages over the last 5 years please?
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How much can I borrow?
I wonder if there are any mortgage advisors/brokers on here that can give me some advice? I earn £16,800 p.a., and I have a £7000 deposit. I am right in thinking that your income is multiplied by 3.5 which gives the maximum you can borrow? If so, then I can borrow about £59k. Is this right? Is there anyone that can give me…
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Buy To Let Fixed Rate About To End Advice Plz?
Hi guys After taking out my buy to let mortgage almost 2 years ago my fixed rate buy to let mortgage is about to come to an end. My rate atm is 5.99 should i expect this to rise or are there some good deals out there? Any pointers from the experts would be great Thanks :cool:
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Northern Rock 125%
Hi, in September 2006 we took a 125% mortgage with NR. In reality this is a 95% mortgage and £30,000 unsecured loan. We have used the loan to renovate the house. However, the value of the house has only gone up about 15% (even taking the improvements into account). We are coming to the end of our two year fixed deal now…
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Shared ownership mortgage
Hi guys Does anyone know of any lenders who are still doing shared ownership mortgages?? I know most have stopped lending for these schemes now. Any ideas??
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Help with letter for mortgage application.
hi guys i have been asked to send in a couple of other bits of paperwork and a covering letter as to why i missed a mortgage payment and was late paying a couple of times and also why i have a ccj. can anyone offer any advice on how to write it . i know only i know why i didnt pay things on time im just unsure as to how to…
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Existing Natiowide Mortgae but now want to let
We have an existing Nationwide mortgae which was a good deal on a 5 yr fixed tracker. We now want to let the property but I have been told that Nationwide don't provide buy to let mortgages and on't look to favourably upon letting under a non let mortgage. Any thoughts on how to approach this as I don't really want to have…
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Switching to new deal but plan to move soon
Current fixed rate ends in December and I'll be looking to find another fix to prevent going onto lenders SVR. Problem is that we're likely to be moving house next year due to expanding family and we'll be borrowing more as part of that process. I'm concerned about incurring additional fees or penalties for moving and…
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getting a mortgage with fixed term employment
Hi, My husband and I are hoping to buy somewhere in the new year. the mortgage will be in his name as my salary is not great and actually lowers the amount we can borrow, compared to his income alone! Anyway, the problem is that he is employed on a fixed term contract for 6 months. The company does this for new starters…
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Mortgage/deeds - adding my name
I wonder if anyone has any knowledge that could help with a query I have. I met my current husband when I was going through a dreadful divorce with my ex which included the sale of a house I jointly owned with him which had negative equity (it was 10 years ago). My ex dragged his heels over the payment of the negative…
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Help with endowments
If someone has taken out a new mortgage for £100,000 and £50,000 of that is repayment only, am I right in thinking that if 2 of the endowments were taken out many years ago and mature now, that they would repay part of the existing mortgage now (ie if the maturity value of the endowments were £50,000, then only £50,000…
