Mortgages & endowments

Discussion List

• Pay morgage off - investments - current state of things etc?

  A bit of a stab in the dark here and don't flame me for not searching too deep.... I am currently on a fixed rate mortgate until september 2011 (5.19%). I have a fair amount of cash in a reasonably high interest account (although the rates on that have decreased considerably over the past year). I could pay a substantial…

• Endowment Advice Needed Urgent!!! Phoenix

  Hi people, I am seeking as much advice as i can for my parents who are having a very difficult time with the surrender valuation from Royal Sun Alliance who merged to Phoenix regarding their endowment policy. My parents took out an mortgage endowment plan on 28/01/1992 the maturity date for the plan was 28/01/2017. On the…

• Equity Advice

  I don't mean to be thick but here goes.......:confused: In the current market we have made approx 40K on our current property. We are wanting to borrow some of this (10K) to pay off some of our debts. My questions are 1) Do banks let you borrow some of the equity which is in your house ie: the 10K 2) Will it be added to…

• Skipton mortgages...anyone know what their like?

  Does anyone know about Skipton BS?? I've never heard of them. just wondering if they offer quality of service etc

• What should my monthly fee be?

  We took out a lifetime tracker at 0.5% above the base rate 75% LTV in August 2006 - borrowed £123750 from Woolwich. As you all know the Woolwich recalculate annually so we are currently overpaying and the amount is £743 per month. I'm hopeless at working these things out, so I was wondering what the actual figure we would…

• Mortgages Product runs out end april – Apply now for new rate?

  Hi. My current mortgage product with the Coventry runs out at the end of April. Exit Fee until the end of April. Can I apply for a re-mortgage (might go with FD or HSBC tracker) Now to come into affect on the 1st of May. Also how long does it take to get application done and accepted. Thanks.

• how quick do building societys act when...

  the BOE rate is due to change, on the news they kinda predict a 0.5% drop or rise but are sometimes wrong and its 1.5%. i ask this as my nationwide 5 year fix ends 1st apr-i will probs go on there 3.5% bmr and i will use there switcher online facility to swap once things start to rise. i can switch with the click of a…

• Zurich Endowment Policy help required please

  I have an endowment policy and I am looking for advice as to whether to surrender the policy or to keep it running to maturity. Details are as follows; Zurich policy Death benefit £60,000 Basic Sum assured £16,200.00 Declared Bonus £5062.85 as at 31/12/08 Surrender value £16236.00 as at 29/01/09 Monthly payament £70.60…

• Possibly a daft question and a mad idea

  We are currently in negative equity but really want to get a decent deal when our current one is up in June. Our house has been valued at about £165000 and our mortgage is £168500, I am thinking about paying off a lump sum off the mortgage with a 0% credit card (both me and my husband have deals offered to us at the moment…

• Max LTV Mortgage / best rate

  Bought my house for £181,000 got a mortgage which still owes £142,000 being told by my current mortgage provider that ithe house is only worth £150,000 will only give me their STV - any ideas?

• fixed rate 4.99 5 years

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• They won't let me come off my Nationwide Fixed Rate Mortgage!

  I have a Nationwide fixed rate mortgage which ends in June 2009. I've asked to be switched to their standard variable rate mortgage and I'm happy to pay the Early Repayment Charge, which is only £150. They have refused to let me do it unless I pay the mortgage off in full. I asked what would happen if I made an overpayment…

• Help please...

  Hi this is my first post and it's to ask for some advice. I have 2 credit cards both of which I pay min each month total is £320 approx but from this month due to interest hike it will be over £400. I decided that this was silly as the interest rates on them were so high. The total due comes to around £14000 so I thought…

• Advice please.....

  Applied for a mortgage in my name, 95% LTV, for £130,000. It got deferred and then declined, main reason being on affordability...i earn £43 and have a few loans, credit cards and then doubted whether ill be able to afford the monthly payments. The reason i didnt add my partner was because i was under the impression he had…

• 5 Year Fixed

  I took out a £90,000 mortage last year, fixed for five years at around 5.89% (payments of around £595), over 25 years. The property is worth £115,00 and I put down a £25,000 deposit. I have two questions that I was wondering if people could help me with. 1) Would it be worthwhile re-mortgaging right now to get a tracker…

• 1 Mortgage, 2 Products - Help Please

  After your thoughts please. I had a fixed 2 yr mortgage before I moved house in Nov '07. Because the product still had 15 months to run A&L kept that one running and give us a similar product for the remainder of the balance on the new house. Roughly ended up at approx £72k per product. My dilemma now is that the first…

• SVR - Bank of Scotland

  The BBC website states that HBOS has passed on the full .5 interest rate cut to their standard variable rate mortgages, but the Bank of Scotland element of HBOS has confirmed via phone this morning that it is still under review. I am confused as Halifax has passed the full rate on, but the bank of scotland hasn't, yet the…

• Financing an Extension

  I was hoping for some advice. My husband and I are trying to decide whether to extend or move houses. We have been told by our current lender that we would be able to borrow significantly more on a new mortgage that we have currently. In January 2008 we re-mortgaged for another 3yrs fixed rate, borrowing money to clear…

• Mortgage proposals

  I am nearing the end og my fixed term rate. Expiration is due 1st of July, my lender GMAC RFC has contacted me with a proposal. They are asking me to find a new lender and in return they will waver any early release fee's and deduct thousands pounds of the current outstanding balance? does anyone know why they would make…

• First Direct SVR

  I'm on FD SVR @ 3.69%, however this was the rate before the two 0.5% reductions. Having always been a fan of FD it is beginning to annoy me that they are not passing on the rate cuts. Anyone got any thoughts on this? Thanks