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Interest Rates cut by 0.5%
Just on PM question time.
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Gazumping..
When i was last in the market to purchase a house in the 80's we were gazumped 4 times on houses we had our hearts set on. Is this still happening now as i have not heard of this in the media, or is there legislation preventing this ? We have made an offer that has been accepted, so when is it actually impossible for us to…
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Would I /we get a mortgage and if so is it the best option given the circumstances?
Answered own question using other threads, no longer relevant wast sure how to delete post
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Remortgage ex local council property, help!
Hi Guys, Its been a long time since ive posted on here, becuase all has been a ok, up until this morning. When i sadly became a victim of the credit crunch, now i know it will eventually impact us all :o . Here is my dilema. I have a flat which is on the 4th floor of a 10 floor block, and is ex local authority. I was…
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Re-mortgage to Nationwide - Buildings Insurance
Just a quick question I am re-mortgaging from Alliance Leciester to Nationwide the solicitor has asked me to get my buildings insurance changed so that I put the interest of Nationwide Building Society to be added to the policy. Is this common? I never had to do this when I was with Alliance Leicester. Since Alliance…
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Mis-sold endowment but no mortgage?
I took an endowment policy out in 1993 to pay for the mortgage and have a lump sum at the end (so I thought). I split from my partner and took over the policy. The house was sold and the mortgage was paid off. However I have kept paying into the policy as I thought that once it matured it would reimburse me for the money I…
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UK Fixed Rate Mortgages
Hi, I will be looking to refinance my mortgage come April 2009 and am obviously as nervous as other when it comes to the rate i will be refixing against. The current estimates are that interest rates are set to fall in the future to deal with the situation at hand, starting with what is increasingly looking like a 0.5% cut…
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mortgage repayment to who?
Silly question,probably been asked before? If say I had a mortgage of say £100k with a bldg soc and they went bust,who then owns the house? Would it be mine thro' default of the bldg soc? or, what would happen? The reason I ask this,silly as it may seem, is that if I had savings in the bldg soc of £100k, I would at present…
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maturing endowment
i had an endowment mortage with a UK insurance company - paid off long ago - but the endowment + terminal bonus is due to be paid out this year, is it covered under a compensation scheme if the insurance company goes down?
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Opinion...2 year fixed or 5 year fixed?
Hi all, Given the current uncertainty across global money markets, would MoneySavingExperts go for a 2 year or 5 year fixed mortgage. This is a remortgage just to avoid falling off my current fixed rate onto the variable rate. I'm looking at a 5.69% offer. I'm not expecting crystal balls (!) but you must have an opinion.…
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Conflicting Broker Advice... help!
Our 2 year fixed deal ends at the end of January, so I've been asking brokers about our options... Two have said wait and see as they think fixed rates will likely come down before our deal is up, and the other two are encouraging us to grab the best fixed we can at the moment as obviously deals are being withdrawn every…
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black horse wrong info on credit file
I had a mortgage certificate from the Abbey in May 2008 for a house I was buying. My husband and I had been customers for over 15yrs and never been late with a payment. I was buying the house with a third deposit and thought everything was fine until the offer was finally refused and the reason they had given was because…
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Should I keep my Endowment with Winterthur
I have had an endowment policy with Winterthur since 1998. Initially it was for an endowment mortgage, but after two and a half years I sold that house and bought my current property on a repayment mortgage. But I kept the endowment going thinking it would just act as a savings with a payout after 25 years. Should I now…
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Remortgage Problem
We have a fixed rate with Standard Life that is coming to an end in December 2008. I called them 6 months ago to be told I could discuss going onto a new fixed rate with them and book it 90 days before the end of my current deal. I called in September to be told they were no longer discussing new deals with existing…
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Which self build mortgage?
Hello, I am building a new house next year and will require a self build mortgage , where can i get the best deal in this turbulent times? I already own the land, have planning permission, I want to borrow £130,000 I have 10% deposit (I can possibly increase this).I have no outstanding debts or credit cards. Also, is it…
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I think our repayments are wrong
In March we moved house and because of some debts we needed to pay off took an interest only mortgage for 3 years with Accord, it is a tracker of 0.89% above the BoE base rate. Initally payments were set at £770 a month, fine, this was when the base rate was 5.25% Now, we had a cut (May or so? can't remember when exactly)…
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Will I Be Accepted For A Mortgage?
Hi all need I bit of advice. I've recently changed jobs (1 week ago) and was wondering if a potential lender would provide me with a mortgage. I basically finished with with my old employer last Sunday (worked continuously for them for 5 years) and then started with current employer on Mon as it was a better job, not…
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FSA Savings Compensation Scheme and Offset Mortgage Savings Query
If someone has a UK Bank Offset Mortgage of say, £75,000 and offset savings also of £75,000 in the same bank (thus fully offsetting monthly interest) and that bank went bust, how would the FSCS £50,000 savings protection scheme work? Would the remaining £25,000 savings deposit not covered by the FCSC scheme be "covered"…
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Friends Provident endow matures next month
I have three endowments. Two with Friends Prov - one matures next month, another March 09. Another with a bank matures in 2010. I am worried about the first one, as it matures next month. Friends Prov share price has really dropped - i know they have a smoothing process re final bonus but with all the financial probs at…
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mortgage problemo
how much will it cost me when i come off my fixed rate mortgage next year if i automatically revert to a standard variable rate? i have no money for a remortgage you see
