Mortgages & endowments

Discussion List

• Endowment pwtition

  I have created a petition in the hope of making the banks do what they promised. Please sign it and pass it round as many of your contacts as possible. http://petitions.number10.gov.uk/Bankstorepayus/

• Help! UCB tracker with collar and no key facts document

  Hi This is my first time posting and i was wondering if any of you folk could enlighten me. We currently have a BTL tracker mortgage with UCB homeloans (part of nationwide). On the product conversion offer it states that their is a collar of 2.75% which was then reduced to 2% in line with the rest of nationwide as a…

• Mortgage Valuation comes in HIGHER than purchase price

  I'm buying a new build flat. There has been problems with completion owing to bankruptcy, new firm coming in etc. Anyway the price has always remained static (in 2 years), which I argued in the face of the current house price downturn. My mortgage offer expired so I applied for a new one with the Halifax. They've been out…

• remortgage

  hi ya advice please ! currently looking for a remortgage deal ,have spend hours burning the midnight oil and was wondering if this is a good deal that i have been offered ! currently mortgage free since july last year ,have no credit cards ,debts etc and was offered £30.000 from the one account at 3.90% varible i I am…

• 1st Time Buyer, CCJs, Realistic Advice Needed

  Hello, As per the title, I'm a first time buyer with 2 ccjs, hoping to get a mortgage to buy my mums house with my partner. She needs to move so it's pretty much now or never to grab this property which is perfect for us. combined income 49k outstanding debt: 4k (mine), 15.5k (partner), 8k car finance (partner) 2 defaults…

• Mortgage Application question

  Anyone out there know if someone who has a very good credit rating and has had previous mortgages, was to apply for a mortgage in their own name for a property to in all probability rent out, would their co-habitees debts which were run up at the address they currently live at be taken into consideration when the…

• Additional payment after redemption

  I have recently moved mortgage from Egg to First Direct. Since Egg dragged their heels getting a redemption figure to my solicitor, by the time the funds were transferred from First Direct to Egg, Egg had taken an additional payment. Just phoned Egg to make sure I get this money back (£700), to be told that they will…

• Mortgage miss sold ?

  18 months ago I changed my mortgage from Woolwich to Barclays (O.K. I know they are one and the same ). I was advised to go for a fixed rate, 'as the rates never go down' ! ! ! ! Was I miss sold this product ?

• Intelligent Finance - are they ripping me off??

  Hi all - long time reader, first time poster here! Just a quick one here - I got my mortgage statement update this morning and through reading it I'm wondering if I am being ripped off? I'm on a tracker rate and basically this is what it says on the letter: Previous interest rate : 2.59% New interest rate : 2.09% Effective…

• Standard variable rate rip off - anything we can do?

  Hi, We have a mortgage with CHELSEA - their SVR was 6.94% when the base rate was 5%; now the base rate is 1.5% their SVR is 5.79%! They haven't passed on any of the last two rate cuts to their customers. When I've called them, I was told that they are 'reviewing the rate at the moment' - and this was two weeks ago. What a…

• Interest on repayment mortgage

  I have a repayment mortgage with the Alliance and Leicester. On 1 Jan 2008 the interest rate was 7.89%, it has reduced over the last 12 months to 5.84% last month, which still seems high to me. It has 12 years left to run and in theory I am paying back proportionately more capital and less interest but there is still a…

• Abbey Standard variable rate

  Hi Does anyone know what the current Abbey Standard Variable rate is? We are currently on a fixed rate, but this is due to end soon. The paperwork I have says we will then switch to the SVR, which is listed as 7.84%, which is really high, but I'm guessing that's come down now? I've looked on their website, but can't find…

• just a thought for now

  Hi guys, since the house prices are falling i was thinking of buying another property whilst the prices are low. I have a house that has an £80,000 mortage on it. My question is this, can i rent out my house to a family member without changing my present morgage and can i use a percentage of that house as collateral as a…

• Getting 1st mortgage.

  We have had an offer accepted on a house. we are ftbs. Our broker is going to (hopefully) get us a mortgage in principle today. I wish we had done it before making an offer etc but broker is keen for us to take advantage of any further rate drops which is fine with us! We need to borrow £100k as the offer accepted is for…

• phoenix endowment maturing feb 2013

  Hi Ed, please see earlier posting Phoenix endowment finishes feb 19th 2013 not 2009 as previously posted. Sorry

• Calculator for working out if changing mortgage is worth it

  I think I've seen a link to a calculator that you can enter your early redemption penalty into, along with the potential new rate, and it works out how long it would take to make changing mortgages worthwhile. Can anyone point me in the right direction? Thanks.

• Yet another surrender question

  I have a Prudential with profits endowment due to mature on 3/10/2011. Is it worth cashing in now . Minimum death benefit £ 51,750.00 Amount of benefit £18.216.00 Total bonus and benefits at 31/12/2007 £ 33,001.66 Surrender value today £37,488.00 Monthly premium £71.90 Projected final amount at 4%/year £47,640 I assume 4%…

• Virgin One Log-In

  Anyone having trouble logging in this morning? tried several links but cannot get the page to load up?:confused:

• Time to think about our fix rate ending…

  Our fixed rate mortgage is up soon in June – currently fixed at 5.05% with Abbey. Their SVR is 4.69%, which to me, doesn’t seem very good in today’s climate, although it would see our repayments drop slightly. I'm therefore at odds what to do; whether to fix again (not the best deals at the moment), remain on their SVR for…

• Earnings multiples

  Hi all, Apologies if a similar thread has been posted before (I had a look on the search engine but couldn't see anything). I was wondering what people's thoughts were on future trends in earnings multiples? I saw on one thread that the current trend is 3.5x income (I couldn't see what the trend would be for a joint…