Mortgages & endowments

Discussion List

• Mis-sold endowment

  Hi Can any one help me i have complained to Legal and General about policy with profits endowment which i took out in 1988, i did the which letter and have now recieved a questionaire asking me to describe fully the discussions i had with the adviser and discussions we had about policy quotes and how the policy was…

• help with mortgage please

  Hello, i am currently on the svr of abbey after coming off a fixed mortgage in september. We are looking to move house and so i spoke to abbey about what we needed to do if we did move.. They seemed helpfull and said that currently they can offer me 4.59% for 1 year that will cost £699 upfront cos we have more than 85%…

• From SVR to Tracker

  Hi everyone first time poster. just rec'd a letter from Halifax transferring my mortgage from the SVR to the tracker rate . The reaosn given is the the current SVR is more than 2% above the B of E rate. It is a reduced rate from 3.9% to 3.5% , but i had never heard of it before. Has anyone else had a similar letter…

• Mortgage insurance?

  Hi My OH was made redunant last year and paying the mortgage has been a real struggle ... fortunately he has just been offered another job (permanent with 3 month probationary period) and I have been in my current job for 4 years... I don't want to go through the struggle again so would like to find out about mortgage…

• Long Fixed Term - Any Thoughts???

  I have always been a bit of a worrier and have tried to do what is best so far as money is concerned...but I now have a little dilema so far as my mortgage is concerned and wondered if anybody wise had any thoughts?- In 2005, mindful of the likely interest rate hikes, I took a 10 year fixed rate mortgage at 4.99%. My…

• stuck in interest only at 5.99% 4000 quid exit fee

  when i took out the mortage about a year ago 5.99 was actually a really good rate! now i want o get out of the 3 year interest only fix it but the halifax tell me itll cost 4000 pounds :mad: is ther anything i can do about it? :confused:

• Does this scenario of paying off a repayment mortgage earlier seem sensible

  I have a repayment mortgage with 5 years left to run. My payment on the Interest is £250 per month. My payment to the Endowment is £100 per month. (Which will also be short by £15,000 at the end of the remaining 5 year term) The settlement figure today on the Interest part of the mortgage is £5000. Therefore, would the…

• Tracker downsides ?

  Further to my other posting about fixed rates and specifically the Natwest 5.69% 5 Year fix (£299 fee) I have been made aware of the First Direct Lifetime Tracker mortgage at 2.09% above base rate (£999 fee). We just qualify for this deal with 80% LTV. With the natwest fixed rate we would pay £781 p/m, with the First…

• One Account - charging interest on interest

  Just had an interesting revelation (pardon the pun) from One Account. Did you know that they charge interest on the interest? When it says in your statement that the interest has been calculated for the current period and will be applied to your account the following month, they start charging you interest as if it has…

• Fixed Term Nearly Up - What Should I be Doing Now?

  Hi all My 2 year fixed deal comes to an end at the begining of June. Can anyone tell me what I should be doing now i.e. should I be looking round for new deals or is it too early? The problem is that I'm not really sure how much my property is worth at the moment. We're first time buyers and bought our flat two years ago…

• Mortgage payments are dropping - what should we do with the extra money?

  Hi there We bought our home two years ago and are just coming to the end of our fixed rate deal. Ideally we wanted to tie into another deal, but having just had our house valued, it turns out our LTV ratio is now currently at 92% so the only option open to us is to move onto our lender's standard variable rate, which…

• advice on overpayment with mortgage ending in may

  I'm on a fixed rate mortgage which is at 4.39%, the fixed rate ends at the end of May 2009. I am able to make overpayments and want to know will it be worth my while in making one overpayment to the value of £10k. Or should i wait until this term is up and make this overpayment with a better interest rate. My reasons for…

• How do they work out the monthly payments?

  I took out a 100% interest only mortgage in May 07 with B&W. The 2 year fixed rate of 6.49% comes to an end in May 09 (that's where my maths ends I'm afraid!). I borrowed £140,499 and my current monthly payments are £759.87. How do they work out the monthly payments? What would they be now? I appreciate it will have…

• Who is passing on the new rate reduction?

  Does any one know?? :confused: Thanks

• Not sure if to Switch

  We are currently on an abbey variable rate of 4.60% on our mortgage and i doubt we will see the new rate cut and the rate will bound to go up at somepoint this year I have called abbey today and can get a two year fixed rate for 4.19% and this will take my payments down each month but wondering if they will change their…

• Fixed rate tie in - To Move or Not to Move?

  Hi, I recently signed up for a fixed rate 5.9% mortgage with Lloyds TSB, I was wondering if I should look at paying to get out of the mortgage and moving to a lower rate variable to free up more monthly income?

• Mortgage advice - buy to rent or residential?

  I’m currently living with parents. My dad is lending me 100k as a deposit so my girlfriend and I can buy our first property. We are getting married next summer and are currently saving for that huge expense. We want to buy a 200k property using my dads 100k as a 50% deposit. His name wont be on the deeds but we will have a…

• Mortgage Broker - Mis-Sold Mortgage ??? Help

  Mortgage Broker - mis-sold mortgage ??? (Sorry in advance - I posted this in a different place but moved it as I thought this was the right place) Hi - this may be going off point a little but didn't know where else to ask. I was speaking to someone recently about financial difficulties and they told me to ask around or…

• BOE base Rate cut to 1%

  as thread title

• Student mortgages in 2009?

  Does anyone know if there are any banks that will consider a student stipend as a form of income? I get £16,000 tax free, and I'd like to declare this alongside my girlfriend's income (proper job) to get a mortgage. We have a 30% deposit, so I think we are relatively low-risk. Any thoughts would be much appreciated.