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Mortgages & endowments

Archives for September 2008

is my endowments protected?
I have a few endowments in standard life which i intend to let mature. What i want to know is am i protected in the same way (as my savings are in the bank) if the company goes under?
Shared Ownership Mortgage Lenders interest rates??
I currently have my mortgage with Halifax and want to staircase and buy another 25% share. I do not know whether to go for a fixed rate..or variable rate mortage. I have been quoted a fixed rate for 3 years by Halifax of 6.49%. Will other mortgage lenders be better? Are they all pretty much offering the same deals right…
Joint mortgage nightmare...
Hi my first post. I hope someone can offer me some help as I am in a terrible situation. About 18 months ago, I foolishly entered into a joint (tennants in common) mortgage with a good friend who has four children - none of them mine I should add. The deposit was raised using a bequest to the chidren and my friend and I…
Cashing in endownment policies
I was wondering if any had any information or experience in cashing in or selling their endownment policies. Are there any companies that offer a fair value and also wondered if the current finacial climate would affect the value of any given policy. I have two fairly low value policies worth around £5 and £10k around 10…
shared ownership advice
Hi guys i was just wondering if you could lend me a little advice? My partner and i currently rent a 2 bed semi which costs us £550 for rent, and i have recently looked into shared ownership schemes and they all seem to be around £70,000 for a 2 bed semi in the same area. Now im no maths genius but i have had a look at…
Joint mortgage issue...help!!!
Hello everyone, Really hope some one can give me an answer to the problem I find myself in. I would be extremely grateful. 6 months ago I split-up from my girlfriend of 8 years. We lived together (joint mortgage) and when we broke-up we took a 6 month payment holiday. I moved back home with my parents while my ex-partner…
Mortgage advice
I re-mortgaged before the credit crunch in order to release funds for home improvements. I have a repayment mortgage on a variable rate. Due to unforseen circumstances i had to use a lot of the money for something else and so haven't begun any home improvements yet. The money i have left in sitting in a separate account. I…
What are my chances?
I am looking to get a 90% mortgage on a £100000 property with my partner, i have approached a whole of market broker but they are at very initial stages and haven't done a credit search yet. We are 1st time buyers with £10k deposit. I am very keen to buy, but my main worry is meeting criteria: My salary is £19420pa and…
Mortgage advice desperately needed
Hi there So We currently have a great rate with Birmingham Midshires at 0.25 below base rate tracker. This goes up next month to 1.99 above base rate- a hike of about £180(Birmingham Midshires) I've been searching and searching using all the tools available and the best I can find is 5.95 fixed fr 2 years with £1480ish…
?wrong statement figure
I am at a loss to work this out. I borrowed 245,699 in Sept 06. Interest rate 4.89% fixed for 2 years. Over 35 years in all. I am now securing a new deal as obviously 2 years have passed. I now owe 241,737.49. In 2 years i have paid 29,357.52 (24 X 1223.23) But only 3961.51 has come off the balance. I know that you pay a…
Fixed or variable right now?
Im looking to take out a mortgage in the very near future. Is it best to get fixed or variable at the moment? I.E, are we likely to see some intrest drops or raises?
Endowment with Friends Prov
Hi, I'm a bit concerned at the moment since I still have an endowment policy with Friends Prov (started 1994). It is no longer linked to my mortgage but I keep it as savings plan since it is better to run the course than try to cash it in. I have sort advice about claiming compensation but alas, it is too late. My concern…
How does SVR work...
Hi Guys, I'd be grateful if someone could confirm how the standard variable rate works once the fixed rate has elapsed. In March 2007 we started our 2 year fixed deal with Abbey, 5.19% changing to 7.34% svr after the 2 years. At the time the BOE base rate was 5.25%. Just so I understand how this works, when we go onto the…
Kensington/Resolve
Hi, I have a mortage with Kensington and notice recently that I seem to be getting calls from Resolve Mortgages to my mobile. I have missed the last couple of calls, but they do not leave a message, and when I dialed the number it goes to an automatic voicemail saying Resolve Mortgages tried to contact you and will try…
mortgage payments V ISA payments
Hi I have an interest only mortgage and ISA tracker accounts to accumilate the repayment in 17 years. Am i best riding out the stock market storm with these or reduce the payments to a minimum and use the rest to pay off lumps of my mortgage directly. I currently have about 100K equity and a 140K mortgage, It would mean an…
Future FTB
Hi everyone, just a quick question re mortgage applications. I'm aiming to purchase my first house in around 18 months-2 years (of course that's assuming that prices have pretty much bottomed out by then, which they may not have done), but a little concerned about my chances in the current credit climate. On the plus side…
Will intrest rates be up or down in 6-12 months time?
Hi guys I know no-one can predict exactly what will happen to the bank of england interst rate but........ Is the general consensus that it will be higher or lower in 6-12 months time? I heard on the radio ( Radio 4 ) that it may be as low as 3.5% by December 2009 Or in this current financial climate would that just be…
Interest Rate Rises?
Hi all. Can you give me your views please on whether or not you think interest rates will go up or down over the next 2/3 years. I know you haven't got crystall balls (!) but just give me an idea of what you think. I have simply got to make my mind up today whether or not to take an offered Tracker mortgage of +1.6% over…
Policy in Joint Names
Hi Everyone Can you help? I have an endowment policy in joint names with my ex which I wish to surrender. Twenty years ago we divorced and the policy has'nt been touched since. It has just £171 surrender value so expensive legal fees would'nt be worthwhile. I also have not spoken to my ex for 20 years or have any idea…
No mortgage exit fee for me?
Hi all, Just had my reply from Abbey about my exit fee when my mortgage ran from 2000-2007 with them. Apparently I am not ineligible for a refund because a conversion to a new mortgage product was completed and the terms of the product specified a mortgage repayment fee of £225. Now I am not really sure what to do next as…

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