Mortgages & endowments

Discussion List

• Mortgages - Bonus Question

  Hi there.... first question from a newie. I am looking to move home and arrange a mortgage and am shopping around online looking at comparison tools. The one thing that is confusing is whether or not I should include my non-guaranteed bonus (or a %age thereof) in my salary calculations. Is there a rule of thumb or is it…

• Shall i revert to SVR or fix

  Hi I am with The Derbyshire, my current fixed rate expire at the end of march. They have offered me to Fix at 4.6% with no charges, or revert to SVR of 3.5% I forgot to ask if i chose SVR then decided to fix would i be charged Any advice welcome Thanks

• Endowment Policy Surrender,Sell or Keep Advice Needed?

  Standard Life Policy. Start Date: 12th July 1988 End Date: 12th July 2013 Guaranteed sum assured: £6825 Declared bonuses: £4832 Surrender value: £9836 Monthly premium: £26.20 Maturity forecasts: £15590 Interest rate payable on mortgage 5.95% We can leave B&B now and look for a better rate. Thought is to cash in two…

• Fixed rate question

  Our IFA is due to come round on monday with all the paperwork for our remortgage. We have a 5 year fixed rate at 4.99% - 75%LTV (we're hoping) He has said that they always check the day they come round to see if there's a cheaper rate, but I'm wondering whether its worthwile us waiting for a week or so to see if there are…

• Fixed or Variable?

  Hello All, I am a first time buyer with a 25% deposit on a 170,000 house. What do you think are the best options in terms of getting a mortgage? Is fixed or variable likely to be the best. Ideally we be looking to re-mortgage the property after 5 years as better rates may come along. Does anyone know of any good deals…

• Money Wise Services??

  HELP!! I have recently seen a default on my file that is saying has not been paid and it was defaulted after i paid it off with a collections agency. i set up a payment plan and made all of the payments years ago but it is not updated. Im trying to track down the company but cant find any correspondance. i was paying a…

• mortgage offered differs to the one advertised

  Hello, i wonder if anyone can help with my query. I have a fixed mortgage that currently ends 31.05.09. I was checking through my paperwork and noticed that I had responded to an advert in the newspaper where the mortgage was fixed for 3 years and then tracked the B of E rate at + 0.75%. I still have the paper cutting.…

• Was I missold Endowment?

  Briefly put in my younger years I was sold an endowment mortgage. I was sold this policy even thou I didnt at the time have or was even considering getting any type of mortgage or buying a home full stop as a youngle single male. I was offered this as a savings plan which could be used as a Mortgage payment scheme if the…

• A&L 2 yr Tracker

  Hi, im a newbie here, im currently on a A&L flexible 2 year tracker which ends in June. Im paying BofE base rate minus 0.28 which obviously is 0.72 per cent. In June it goes to BofE base rate PLUS 0.99. Do you recommend me just taking that or looking elsewhere as my Fiancee works for HSBC and could get 100 pds credit to…

• Opinions please.

  The current situation; £44500 outstanding with A&L House value £160000+ Monthly payment Approx £350 (not had all the rate changes yet) Remaining term 18Years Annual salary of around £20,000 What we want to do; Move the mortgage to another lender Fix for as long as possible at the best rate (10 years maybe) Reduce the term…

• When to come off the SVR?

  Having come off a fixed rate at 5.24% I have reverted to Abbey's SVR (4.69) which is saving me a few quid. They have given me options including fixing further for up to 2 years at 4.99 with a fee of approx £500. I'm in two minds whether to stay as I am and use the extra cash to overpay or take that offer. I'm worried that…

• Can't get a mortgage despite good credit

  Hi everyone, this is my first post on here - I'm desperate for some sensible opinions and advice on my problem. I am a first time buyer and have found the perfect first property for me at a price I can afford. I have had my offer accepted and am now trying to get a mortgage, but I have now been declined twice!!! :confused:…

• FD Legal Mortgage signatures

  I have just been sent the 'Legal Mortgage' document for my FD remortgage. It has been a while since I have changed mortgages, so I am not sure what is standard now. The mortgage document says that the signatures should be witnessed by my solicitor or legal adviser. Is this really necessary? I have looked through the terms…

• Stop Press! Accord modifies product range

  Thought this might be worth its own thread: http://www.accordmortgages.com/about_us/news.html#090205

• 2 or 3 year fixed rate?

  Hi, I'm a FTB with a 15% deposit. I have been recommended either the Nationwide 2 year fix at 5.84% (£995 fee) or the Halifax 3 year fix at 5.84% (£995 fee) and have been approved for both. I'm not sure which one to go for? The flat I'm buying is a repossessed property being sold by the Halifax so obviously they are…

• End of fixed term with Accord - can I move from them..?

  To another non-prime lender? What are my options?

• A&L monthly overpayments

  Can anyone advise on the legality of how A&L approach monthly overpayments? My key facts document states: "If you make a regular or lump sum overpayment on your mortgage (that is, an overpayment less than £500), the amount you owe, and so the amount of interest you pay, is not recalculated immediately, but at the end of…

• DMP & Re-Mortgage

  I currently have a fixed rate mortgage (£118,000) and an additional Secured Loan £20,000), I also have a large amount of unsecured debts (£33,638)which are under a Debt Management Plan. I want to know if it is possible to reduce my outgoings by Re-mortgaging, I may have enough equity £Current Approx Value £165,000) in the…

• 70yr old mortgage

  my mortgage ends when i am 70yr old,how can i get this down to 65yr as i can,t afford to pay any more.i took it on in1996??

• Help Mortgage Advice?

  Hi I Am Currently On A Variable Rate With C G The Intrest Rate Does Keep Dropping Now At 3.5% Should I Be Looking For A Fixed Rate Deal Yet? Thkyou For Any Responses