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Mortgages & endowments

Archives for November 2008

Should we sell our Shared Ownership house
Hello, just looking for a little bit of advice. I'll fill you in on our situation... In July 2007 myself and my wife purchased a 50% share in a house in a housing association estate in a small village in Cornwall. The house is really nice and the neighbourhood is very good too. We bought £77,500 (50% of the total house…
Mortgage renewal
Hi there I took a 3 year tracker mortgage (interest only) 2 and half years ago and this deal ends in July 09. However, I have no idea how to renew the mortgage when the time comes and given the mortgage rates, I'd like to do some early preparation (including looking elsewhere for better rates). Is there a fee to renew a…
Advice required
Hi all, New poster on here and some serious advice needed. My wife and I bought our first house (3 bedrooms, nice area, good schools etc) in April 2007 for £168,000 and saved really hard to afford a 10% deposit which we were thrilled to achieve. We love our home and cannot see ourselves moving for the next 3/4 years. We…
Remortgage quandry - advice needed
Hi first post having had the mailing for a while, so hi to all on here. My tracker mortgage with Halifax runs out on 31st of Dec. I can switch to a new deal with them but they are saying my loan to value is 79% meaning I can only qualify for their 90% remortgage offers. I have a 200,000 interest only mortgage at present.…
First Direct: Legal & Survey Costs?
Looking for an offset mortgage and am tempted by FD's new variable rate which on the surface with it's arrangement fee of £299 seems good value. However, I have noticed that FD do not cover any of the survey and legal fees. Having been spoilt over the years with mortgage providers taking care of the survey and legal…
If you have a C&G mortgage...
Here's some interesting news that you may not know about. I was really struggling to pay everything each month, so I rang my mortgage lender - C&G - to ask them about the possibility of a payment holiday. I thought if I could just get a month's grace, it would really help. They amazed me by saying that I could have a…
Leasehold and motrgages.
Was just wondering if how long the leasehold is effects the chances of a mortgage lender lending to you. I've found a flat which is perfect for me, but there's only 75 years left on the leasehold (So I will be knocking a lot of money off the asking price for that bombshell..).. I think I might be able to get it for £75K.…
what to do
As we all know property prices are falling. I have a fixed morgage for the next three years and would like to make overpayments in order to offset any negative equity. Without having a crystal ball i would like to know how much should i try to pay off ie what LTV should i be aiming for?? does this make sense??. I…
Loan from government @ 17.5%?
Hello people, i apologise if this has been covered before. My girlfriend and I have been looking for a place for a while now but just cant raise the deposit needed for a mortgage so we're stuck renting at the moment. Anyway, a friend of mine was telling me about this scheme the government have that will lend you 17.5% of…
Surrended endowments this week. Guess how much I got?
Norwich Union Endowments Started Nov'92 £54pm 50% with profits/50% units Started another Nov'93 £35pm 100% units Surrended this week. Guess how much I got? . . . . . . . . . . . . . . £14,844 What a shocking investment. Anyway now to spunk it on wine, women and song.
Lenders given 'fairness' deadline
According to the BBC (link) I'm sure fining those who fail to be fair will help. Maybe the taxpayer will pay the fine for them. GG
northern rock remortgage question
a friend of mine told me last night that Northern Rock are unwilling to let him remortgage to another product when their current deal expires in 3 months. can they do this? i said to him, even if they won't let you switch to another product then i'm pretty sure they have to let you go onto their SVR. it got me thinking…
End of fixed term mortgage - what now?
We are approaching the end of our fixed term rate mortage. It is a variable rate, but at 'whatever' % below usual rates. Our mortgage broker is advising us to go for a fixed rate for the next couple of years, but this concerns me due to the fact rates are dropping. He says that if we go fixed, it will cost us more than…
Abbey Flexible Plus Dec 2006 Conditions Urgently required
Hi All. Could anyone copy me the Abbey Flexible Plus mortgage terms and conditions December 2006 edition. I have requested from Abbey without success. Any time and copying expences will be reimbursed. I will greatly appreciate any help. If you can do please send me a private message. many thanks, Tony
Collar on HSBC tracker rate? + Capital Home Loans?
Hi I have a 0.44% rate over base tracker with HSBC, is there a collar stopping further reductions if base rate drops further?, I also have a tracker rate on a buy to let with Capital Home Loans, does anyone know is there a collar stopping further reductions if base rate drops further with this mortgage provider too? One…
First time buyer mortgage - Bank offered a mortgage that was never avaliable!!!
Ok, so we have had an offer accepted on a property. We are 1st time buyers with 15% deposit. The best rate we have found through banks, brokers e.t.c is a 2 Year fixed at 6.19% with a £995 fee. I would like to add that 2 weeks ago a Bank offered us a variable rate with no fee and a 4.69% interest rate effective 1st…
HSBC tracker vs Offset mortgage advice please
Hi, Am new to the forum and this is my first post. I've seen people being very helpful here, so I thought I'd seek some advice. Here goes.... We currently have a HSBC lifetime tracker mortgage at BOE + 0.54 (outstanding loan: £128,880, no tie ins). I have 14.5 years left on the mortgage (shortened the term from 21 to 15…
Remortgage
How do I know what the new value of my property is. I want to remortgage but don't want to pay the valuation fee and then find out my flat is worth less than it is and they won't lend me money!
Mortgage advice for FTB
My partner and I are first time buyers looking to buy within the next year or so. We have a deposit of approx 30% for the price range we are looking at. My partner is 45 and therefore will have retired before the end of a 25 year mortgage term. I am quite a bit younger and will still be working. Will this effect our…
An Open Letter To Mortgage Brokers.
Dear Mortgage Brokers. It's come to my attention recently that there are a small number of brokers out there who see me as a figure of hate, in fact I've even had some brokers anonymously contact me to request I end my life. Of course thankfully there are many brokers who understand the work I do, and support it, and…

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MSE News

Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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