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remortgage with beacon/solent
as you guys have been so helpfull in the past just wondered if anyone can help with a couple of questions about my mortgage application. the remortgage is being packaged by solent but when i sent the last couple of bits of paperwork i was asked to send them to beacon homeloans but then recieved an email from my broker to…
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Calculating mortgage payments/overpayments
Hope I don't confuse anyone, I just want to check this is right, looking to borrow £3k on top of mortgage for roof, not sure if I want to be borrowing extra in current climate but roof may not survive another winter..... house value last year approx £124k, what its worth now is anyones guess, say £110k. Current mortgage…
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Advice needed getting a mortgage?
My wife and I are in our mid 40's having paid our mortgage off 2 years ago. We would love to move house and secure a small mortgage but my wifes income is fairly low £135 a week but verifiable whereas I am a self employed taxi driver that earns about £300 a week (net) but I have no accounts to back this up. Looking to…
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Is it too late to change?
Hello, My current fixed rate ends in 3 days with nationwide and i have secured an offer of a new fixed rate with them for 5 years to start 1st September. There was no fee involved to set this up but i have signed and sent back the forms and received confirmation the switch will take place. I think its too late to do…
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Mortgage question
Hi... have been overpaying reasonably well against mortgage which has just dropped on nationwide SRV (looking to move to tracker shortly)... I've been thinking that one day in the next couple of years we might rent out this property & I think if the mortgage was bigger (ie. without the overpayments) we would be able to…
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Resigning while the mortgage application is taking place
I’ve spoken with my mortgage provider (BM Solutions) about a transfer of equity, as I am trying to remove my ex-partner’s name from the mortgage. I have just submitted my Transfer of Equity form, and am in the process of moving to a new job. I have not yet resigned from my old job, as BM require a 6 month employment…
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Got a letter about an old endowment policy...
I was mis-sold an endowment policy in 1995 by Allied Dunbar. I eventually cashed it in in 2005 because I needed the money and I got hardly anything for it at all. I'd paid into it for 10 years although it was only small amounts - the payment was ony £47 a month - so I paid into the policy about £5600. When I cashed it in I…
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Help with Endowment Shortfall
please delete duplicate post
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Please advise anyone who may have done this
I took voluntary redundancy from my work and got a lump sum and a small monthly pension. My mortgage payments are high, nearly aswhat my pension will be. I need to pay a good chunk off my mortgage and lower my monthly mortgage repayments otherwise I wull end up in financial disaster. I am with one of the big lenders, can…
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Help with Endowment Shortfall
Hi, We have received another letter from Friends Provident explaining we will have a shortfall on our Endowment. We have gone down the route of trying to reclaim some money due to mis-selling but FSA have investigated and told us the only way forward would be a private prosecution against the accountant who sold us the…
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remortgage advice
Hello forumers, This is our first post in any forum so maybe information we offer will be inadequate however: We would like to remortgage 1 of our 2 mortgages as it is coming to the end of its fixed term period. It is for a total of about 11% of property valuation. The 2nd mortgage is for about 27% of valuation of…
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Paying off a mortgage and being charged a fortune!!!!
Hi! We bought a house in March 2007 and got an interest only fixed for two years mortgage from Barclays. We noticed on the contract that we signed that we would have to pay 6 months interest if we are paying off the mortgage early. In January 2008 my Great Aunt dies and leaves me her house. So we have now sold our house…
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Increasing mortgage amount without losing current good rate
I am in a position where I want to add to my mortgage now but don't want to lose its current good interest rate I picked up a few years ago. Is it possible to do this? I want to add £20K to my £74k mortgage ( house worh £120K) for various reasons which I have thought through. However, I have just started my fourth year of…
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Mortgage mis-sold??
Hi need some advice ASAP, just over 2 years ago was sold a Mortgage with SPML through a broker on an interest only basis on the proviso he would return after the 2 year fixed rate deal ended to get us a better deal on a repayment basis. The mortgage was a self cert light adverse tied in to the LIBOR rate which I have only…
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Overpayment Calculation question
First time poster here, been lurking for quite a while now :D Wonder if someone can help me, been doing calculations on this for days but still not sure if I am right. :confused: We have a 2 yr fixed with A&L started November 2007 for 182500 at 5.79%. We have come into some money and am wondering if I should pay into the…
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Advice please: Future Second time buyer
I currently have a mortgage on a one bedrrom flat and I am hoping to upgrade to a house withing the next two years. My current 3 year fixed rate will expire at the end of October. I understand that the Nationwide are currently offering 3 and 5 year competitive fixed rate portable mortgages. What happens however if I wish…
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Current lender not released redemption figure
Hi, Wondered if anyone had any similar experience and whether I should be worried? Sorry for the length. I am remortgaging to One Account on 1st Sep, as my fix with A&L ends on 31/8. I hadn't had anything from either One account or the solictor (Gordons) to basically confirm in writing that all was going through on Monday…
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Is this a scam??
Has anyone seen this advertised by Penny Sleuth - "Shortcut guide to killing your mortgage dead in 7 years or less"?? here's the link: http://www.fsponline-recommends.co.uk/page.aspx?u=sccmor3&tc=EPFCD816&PromotionID=2147065748&u=596709&g=0&o=27792&l=159157& My husband is thinking of signing up but it seems too good to be…
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Transferring unsecured debt to a mortgage
Hello MSE forums, I have current unsecured debt to the value of around £22k that I accrued whilst in my final years of university and the two years after that. I'm live with my parents at present. I want to get a foot on the property ladder but I am in a doubly-difficult position because a) it's never been harder for young…
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Mortgage payment date - early or late in the month??
My new repayment mortgage product is about to start and I need to let them know which date to take my mortgage payment. Interest is calculated monthly in arrears. Am I right in thinking that I should try and pay as late as possible in the month as the date I choose to pay will not have any effect on the amount of the…
