Mortgages & endowments

Discussion List

• sorting out a messy mortgage

  Hi, I was hoping for some advice on the best course of action for my girlfriend. 2 years ago she took out a 3 way mortgage with her sister and her sister's boyfriend to buy their family home from their parents. She has never lived in the house and never paid any money towards its upkeep. The house was bought with a 100%…

• How long you got ?

  Once you receive a Mortgage offer / KFI,s how long generally do you have to accept and return ? Ive heard in some cases it can be reserved for upto 6 months from the offer date , is this true ?

• London Life won't pay out

  Ok a little dramatic on the title but factually correct. My last policy with London Life matured yesterday 6th February 2009. At the beginning of January we received a letter from them asking us to confirm my wife's address! A bit odd and when we phoned in a couple of weeks later (my wife is on chemotherapy at the moment…

• Lending Criteria

  Can anyone advise of HSBC lending criteria on 90% LTV? I have 1 default (mobile phone) 1 yr old, banked with HSBC over 5yrs and have both a loan/ CC with them always paid on time. Whats my chance of getting the morgage as i don't want to use a Sub prime lender if at all possible. Mant thanks in advance

• interest only mortgage

  Looking to borrow £70k over 10years at interest only. Buying the house, and waitiing for them to pick up and will sell in the peak. Now what are the best mortgages, should i go for fixed, variable, offset, tracker? Would like something will no ERC after 2/3 years

• mortgage company not reducing interest rates

  Hi, New to this site, so sorry if anyone has posted about this before! We have a mortgage with GE money which was originally on a reduced rate but has now gone onto their normal variable rate. Although in the past when interest rates have increased, we have had our mortgage payment go up whilst on this mortgage. However,…

• Exit fee to change to Interest Only

  We moved house at end of September and took out a fixed rate mortage at 5.84% 25 year term value of 150,000 the exit fee if we changed now would be a hefty £4529. However with an imminent redundancy on the cards the only way we could afford our mortgage on one wage is to go Interest only. once we are both earning a healthy…

• A&L Fixed Rate

  Currently have a smallish mortgage with Alliance & leicester at £25k over 5 years. I'm currently tied into a 3 year fixed deal with 2 years remaining at 6.24% Was wondering if it would be beneficial for me to pay the 3% ERC of the outstanding balance and get out of this rate and find a lower rate elsewhere? Please advise,…

• Mortgage Redeption Fee

  Hello I know there has been lots of discussion regarding this subject. I was offered a mortgage with the Derbyshire in May 2006 and advised the redemption fee was £95. The Derbyshire are now telling me that the fee was increased before I completed my mortgage to £125 and that this will be the new fee, however this fee will…

• Buy to let Mortgage

  I am looking at purchasing a property to rent out in the south-east and was hoping for some advice on the long-term feasibility of this. Estimated property Purchase Price - £170k Deposit - £42,500k Mortgage - £127,500k (expected repayments, as advised by bank, of £540) Monthly rental income - £925 Im not necessarily…

• Interest only mortgage

  Does anyone know what the "rules" are regarding these? Do you ned to have an endowment along side it? My mortgage is with Mortgage Express, we're on a great rate, 0.49% above boe rate so currently 1.99% and not sure if it will go down due to recent rate change. Anyway, my husbands overtime has been cut and his employers…

• getting out of my joint mortgage

  Hi, i have had a joint mortgage with my fiance for over ten years. He cheated on me 3 years ago and i have never really got over it. we now have two young children and argue constantly and i want out of our relationship and mortgage for the kids sake also. I dont know where to start i cant bear the thought of having to…

• Advice Needed Please Re Additional Borrowing

  Hi Everyone, I need some help regarding additional borrowing please. My mortgage is 61k (Nationwide) property value in current market £165k. We took out 5 year fixed rate of 6.18% last August. I need to make some very much needed home improvements which equate to 30k. Do they add this to my current mortgage or is it…

• Unitised with profits endowment - should we surrender?

  Hoping that someone will be able to help - would be much appreciated. My husband and I each hold a unitised with profits endowment with Scottish Widows. The two policies are linked, and each had an original target value of £44650. The sum assured for each is £89300. Details below relate to each individual policy: Maturity…

• Mortgage Money Help!

  Hello, we currently have a fixed mortgage with Halifax at 5.3% on a fixed deal for 5years. it finishes at the end of April. so i'm in the process of looking at a new deal. like most, our house price has dropped recently. So i have a mortgage of £182,000 over 35 years!! paying around £940 each month. the house is worth…

• Stick with my Fixed Rate?????

  Hello, My 5year fixed rate mortgage is 5.78% expires on 31 July 2012. Closing balance as of December 07 (can't put my hands on 2008 at the mo!) was £137,155. I currently pay £889 monthly. I have 19 years left on the mortgage. Does anyone have any advice on whether it would be better to stick with this until the end of it's…

• Pay the ERC?

  Got a £95000 interest only mortgage that I presently overpay on. It's a staff deal at 5.39% fixed for 5 years and I'm still in year one of it. ERCs I believe are 3%. I have the cash to pay that if needs be as equivalent deals are now 3.29%ish and likely to drop lower. As the 'official' rate of interest has dropped in…

• HSBC Mortgage Application

  I applied for a mortgage with HSBC and it was approved, I received the forms filled them out and returned them to my branch with the requested payslips 2 days ago. I had a phone call today from the underwriters who had some questions to ask one that concerned me was a default i have, its a year old and its an ongoing issue…

• Even more worrying Endowment projections

  The update on my three Norwich Union policies given last summer were as follows: Policy 1 (maturity date August 2012 - Target amount £67000) 4% £48900 5% £51200 6% £52900 Policy 2 (maturity date April - 2011 - Target amount £29450) 4% £22400 5% £23100 6% £23900 Policy 3 (maturity date March - 2011 - Target amount £4500) 4%…

• 10 Year Fixed 4.79%. Will it go lower.

  Skipton were doing a 10 year fixed last month at 4.79%. Now that the rate has dropped even lower does anybody think that this rate is likely to go even lower. Many thanks