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Mortgages & endowments

Archives for October 2008

Importance of being a first time buyer?
Hi all, appreciate it if anyone can give me any advice or guidance on this. I'm a graduate who is considering capitalising on the house market dropping by buying a cheap property in the North East of England (where I am from). The property will cost me around £40,000 and I have a deposit of £4000. My salary is around 26k a…
Ideas to reduce LTV so interest rate reduces
Advice please. I am a first time buyer, I would like to reduce my LTV and hence my mortgage interest rate before I complete by depositing an additional £15k which I do not have right now. I am debt-free. I considered a loan but the loan interest rates are actually higher than the mortgage rates. Is this a wise idea? If yes…
Definition of "Ex-Local Authority"
Hi I've been trying to sort out my remortgage with the HSBC, and have hit a snag... The valuation report of my flat states that my flat is ex-local authority, so the HSBC is only prepared to lend 80% LTV. However, I do not agree. It is on the first floor of a 3-storey terraced block. It is brick-built, with a pitched slate…
Fixed vs Tracker
My mortgage deal comes to an end soon - tracker, below BOE base rate and I'm now looking for a new deal. Having read the remortgage guide and lots of threads I'm undecided whether a fixed or tracker deal is best. I'm leaning towards a 10 year fixed which gives me the closest monthly payment that I'm on now. The discussion…
L&G endowment
I have a feeling this one is too close to call on the "should I sell" front, but I'll run it by some of you experienced folks. No longer covering mortgage, and I don't have urgent need for the money, which may tip it into the "suck it and see" category. Policy matures 01/2015 Life cover 40,000 Basic sum assured 12,240 2007…
When you re-mortgaged, did you get a solictor involved??
I’m re-mortgaging. I have received two documents from the bank, a “Legal Mortgage” which I’m to sign and have witnessed by a legal person or bank staff, together with a document entitled, “Mortgage Deed Conditions”. The covering letter states that I’m strongly advised to seek the advice of a solicitor/legal representative…
Buy to let to mortgage.
Bit lost, lots of ideas not sure what is possible. I have a but to let property but have to sell the property. There is about £60,000 of equity in the house. I have found a great house to buy with a standard mortgage but have no deposit! Other than increasing the mortgage on the buy to let mortgage and taking the equity is…
Will I get a mortgage
I have a default on my credit file which falls off in April 2009. About 10 years ago I got into terrible debt but managed to pay all of this back. For the past couple of years I have had a high interest credit card and Next catalogue purely to improve my credit rating. I pay these off on time every month and don't have any…
Frozen endowment what to do
We have an endowment which we froze as it would not repay our mortgage and went on to a repayment mortgage this will mature in 2013 with winterthur life. Since we got our annual statement in March 2008 the value was £16,000 but this has gone down to £13,000 at present date. We have been to the onbudsman re being missold…
mortgage value help please?
Can anyone answer a question please? my current mortgage deal is ending so I need a remortgage. Ive got about 15% equity in my home. I know when i last went to remortgage and get another deal, they took into account the small amount of debt I had on credit cards. Can anyone tell me how this is taken into account? Is a…
Messy brother!!
My brother bought a house with is girlfriend in April 08. They split up last month, and she's moved back home with her sister. He wishes to remain in the house. There's no equity in the property, obviously, and he put up all the deposit and paid all the mortgage payments. They both wish to make it so that she no longer has…
friends provident endowment mortgage
I have a 25 year policy due to mature in 2013. It was to cover a £30000 mortgage but thankfully that is paid off. Monthly payment is £40. Sum assured is £10,500, bonuses to date £5,900 and final bonus rate currently17%. Latest surrender value is £13,000 down £2000 since May. I am struggling to work out whether I would be…
Mortgage split into 2 loans- take penalties or not?
Hi there, after some general advice please, bear with me as it is complicated! We currently have a mortgage with Halifax that is split in two as we moved last year and they advised to do this to avoid penalties. The first ends at the end of the year and is the larger loan of 101000, the second ends June 2009 and it 67000.…
Advice needed please!!!
Hi! I'm currently on a mortgage-free journey, and want to do the One account when i end my current fixed term, Feb 09. We have had the valuation, very disappointed, but not surprised in current climate. Herein lies the problem: Valuation = £100K Mortgage needed = £99,960 (this clears an advanced borrowing from nearly two…
Interest rate article in Moneywise mag about trackers
Please see quote below, I've just looked at my terms and conditions of my Halifax tracker and can see no sign of this.... "Ray Boulger, senior technical manager at John Charcol, explains: "Minimum tracker levels have only just emerged as an issue because previously the base rate wasn't expected to fall as low as economists…
Remortgaging with Abbey but with 2 loans. Normal?
Sorry, dealt with off board.
Nearly there!
Hi Posted a few times and at last things seem to have been sorted out. Most stressful thing we have ever done and would have loved to have been able to do it all myself instead of relying on others (but that is another rant). Money requested by solicitor, in today and deposit ready to rock and roll with some small issues…
HSBC Remortgage
Today (31/10/08) is the last day of my RBS discounted mortgage. We live in the East Midlands and I currently owe £106,000 with 13 years left and the house is worth a realistic £190,000. I have (at last :rolleyes: ) been offered a mortgage with HSBC. It is a fixed rate of 5.79% over 10 years with a £1,000 fee. All valuation…
Advice
Hi There I was wondering can I claim charges made on my mortgage account, I tried to claim back an exit fee that I was charged and they said it was part of the terms that I had sign up to.????
Oakwood Homeloans
Hi there, Does anyone know Oakwood homeloans current SVR? Thanks

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Mortgages & endowments

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