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Carrot and stick
The credit crunch is certainly affecting everything, last month I was able to find a mortgage LTV of 95%. Everything is in place, i.e Solicitors, removals and deposit (all monies covered. I have contacted a mortgage advisor, who now informs me, I can only get a mortgage LTV of 90%, so basically looking at a £7,000 deposit,…
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Previous bank statments
I know most lenders require 3 previous bank statements. Is this just to show regular income? Its just over the past 3 months or so ive gone pretty low due to Christmas .etc and am worried now i wont get accepted due to being low in my account over the previous months. Does this matter or are they only looking for proof of…
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Mortgage rescue plan 16/01/2009
Hi there, I would like to ask your opinion of the latest mortgage rescue plan see following link: http://news.bbc.co.uk/1/hi/business/7831756.stm Many thanks MC
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Need to know about motorgage calculator
Hey, I am doing MBA and taken specialization in finances, and after my MBA I want to join bank and related to the same field for that I want each and every information about motorgage calculator.
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First yime buyer in need of advice
Hi everyone, this is the first time I have posted anything on here so bear with me. My boyfriend and I are in the process of looking to buy our first home together. At the moment I currently live at home with my parents.:eek: Now we have a few problems, we aren’t sure where to turn so he suggested that maybe someone may be…
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Standard Life Homeplan -surrender as red risk??
Hi there Could anybody provide some advice on whether it would be advisable to surrender this policy: Provider: Standard Life - Homeplan with profits Guaranteed sum assured: don't think there is any Declared bonuses: don't see any mention of bonuses on statement Surrender value: 10,743.24 at 17/11/08 Monthly premium: 67.50…
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CCJ Register
I know there is a CCJ Register but does that only record CCJ's for 6 year years, is there anywhere that holds older CCj's that you can check Kittykat
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Help - New Mortgage - New Baby
:mad: Hi all, I know that there are several threads already open regarding re-mortgaging, so first of sorry to post another one! I did search to see if there were any the same as this and couldn't.. I could really do with some advice regarding the following situation: We (my gf and I) have had a £130k 2 year fixed rate…
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Halifax Mortgage - Payment Holiday
Hi, i am currently paying £555 per month on my mortgage, we recently changed to halifax from northern rock. At time of changing mortgages my property was valued at £105,000, with my total outstanding loan of £95,000, now within these last 6 months according to halifax my house price has dropped £20,000 to £85,000 meaning i…
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100% Mortgage is due to end.. HELP PLEASE!
HiMy partner and I took out a 100% mortgage fixed for 2 years with RBS in Feb 2007. The puchase was £125k plus the fees makes around £130K in total. Its up at the end of Feb. The RBS wrote to us in November to say that when our mortage comes to the end of its fixed term we would then be put on there standard variable rate…
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Terminal Bonus on Endowment Policy
I recently had an Endowment Policy (AXA) mature on 21st December. One month before that date I received an estimate of the pay-out quoting a terminal bonus at 55%. I was very disappointed when I received a cheque in which the TB was only 45%. On complaining I was told that the rate had been reduced on 8th December and that…
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Negative equity & DB Morthgages
Hi, my mortgage company has withdrawn from the UK market and with my fixed rate deal ending in September, reverting to a SVR of Libor +3.5%, I'm stuck. What can I do? Backstory: In Sept 2007 we staircased up to 100% of our shared-ownership 2 bed flat. Three estate agents valued at £225-£240k. The official valuation from…
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Capital versus overpayment
Please note - this is not a sarcastice question - I really can't see why. As only the capital payment reduces the amount of interest charged - why would `one' choose the other option? Would it be only because you can only do capital payments at a minimum of ( say ) £50 ? Help - we need to decide.
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Endowment Policy Advice - Surrender??
Just wonder if you could offer some advise. I have an endowment with FP which was taken out in 1998 for 43,507. Provider: Friends Provident Guaranteed sum assured: 24,862.84 Declared bonuses: 2,151.84 Surrender value: 6,770.00 Monthly premium: 70.61 Maturity date: 3/11/2023 Maturity forecasts: 4% - 26,800 5.5% - 31,500 8%…
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Mortgage rescue plan is extended
http://news.bbc.co.uk/1/hi/business/7831756.stm
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Equifax or Experian ? Which report best to show mortgage advisor?
Equifax or Experian? Which report best to show mortgage advisor? Going to see an independent mortgage advisor next week, I don’t understand the differences between the two companies, so which report would be best to get to be prepared. Or would the reports on Checkmyfile suffice? Any info appreciated Thanks, Kay
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Nationwide fixed or variable?
Hi Guys, My fixed rate is coming to an end in the next few days with Nationwide and it seems sense to go with the variable in the current climate, or is it? As you may have guessed I am not great with these things. Nationwide seem to be OK unless anyone else can recommend another. Any advice for a numpty would be…
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Invalid Building Regs so now invalid mortgage - how do I protect myself?
Hi, I am new to this site - my first visit but I hope someone out there can help.... I completed the purchase of a 2 bed flat in October 2007. My solicitor advised that I could not complete without a building regs completion certificate from the local council - this came through so the purchase went ahead. In August 2008,…
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Mortgages for new Contract workers
Hi, Wonder if anyone can help?? Husband due to come out of the armed forces in March after 22 years service. Most of the jobs he is looking at in his trade is on contract, ranging from 3-6 months. Our 2 year fixed mortgage with Nationwide ends in June. Does anyone know how difficult it would be for us to renew our mortgage…
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Endowment Advice please
We have 3 endowment policies that we have accrued along the way. We were advised to take them out for more than we needed to cover a small shortfall. In the current climate and over the last few years they have not been performing at all well. Should we cash them in and stop throwing good money after bad - or at least cash…
