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Endowment - do I stay, freeze or surrender?
I have an endowment policies which is not linked to a mortgage, so is acting as a savings policy. It is performing badly "Red Alert". I would like to decide whether to continue making payments (in the hope it suddenly performs better), freeze payments - and invest the premium elsewhere, or surrender the policy completely.…
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best time to sell endowments during financial year
hello I seem to remember that some times of year are better than others when selling endowment policies- can anyone throw light on this please? thanks
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LTV 122% - Halifax wont let me fix at the moment
Hi all My two year fixed rate comes to an end this June. It is the end of our first fixed rate as we were first time buyers two years ago. I just called our mortgage provider, Halifax, to ask what type of deal we'd be offered as existing customers and they said that my LTV is 122% therefore I cannot fix with them at the…
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Selling Endowment - is there a market currently?
I'm trying to sell my (traditional) with profits endowment. After a google search, I visited a few endownment selling related web-sites and filled in the forms for them to get me quotes. This was several days ago and have still heard zilch. Does anyone know if there's still a market for these, or should I maybe simply…
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Northern Rock fixed rate coming to an end - advice needed
Hi, I have an old fixed rate deal from NR which comes to an end in June. It's a residential mortgage with 'permission to let'... as I have since vacated the house (previously my home). There's not much equity in the place (only a few K), so I am pondering my options... As I see it they are: 1) Let the NR mortgage slide to…
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Poor credit? Mortgage?
Hi all, I had some porblems in 2002 when I lost my job and had to arrange a payment scheme through CCCS for a mail order account, a credit card and a bank loan which totalled around £5000. When we sold our house and moved in army housing in Oct 2006, we had some equity thanks to house price increases so paid it all off in…
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Mortgage advice Required please
Hi I would be very grateful for some mortgage advice. We live in a house just valued at around 280k, and would like to move to a house that would cost circa 350k. We have a flat with no mortgage outstanding worth at least 130k, which we would like to hold on to, which is rented out with a profit of £430 a month. Ideally we…
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Mortgage Offer up - Where to start???
My mortgage offer is up at the end of July this year. I basically have about £174000 o/s and at the moment have a fixed rate interest only (5.75% - i think) with GMAC (who I have a hatred for! But had to go with them as my ex had lots of debt and I then took over the mortgage 18 months ago with my sister when ex moved…
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Charge against my property
Hi I am currently trying to remortgage my property (due to an ending deal) but I have a charge on my property which is stopping this from happening due to the LTV. Do these have to be paid off whilst just remortgaging & not selling the property? If not is there anyway that these can be taken off if I make a repayment plan…
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Remortgage Advice (Scotland)
Any advice welcomed.. I'm unsure what to do with my mortgage after my 3-year fixed rate with Lloyds TSB ended in January. I have £91k outstanding and have reverted to their SVR which is a very nice 2.5% and saving us £100 a month. Lloyds currently values the house at £118k - not that they've seen it for 3 years and we have…
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take out loan or extend mortgage by 10000£
I need to borrow 10000 to redo my flat. currently on a variable rate with HSBC. any advice:confused:
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Referred Credit Check??
I've just been on the phone to YBS applying for a mortgage and they have told me that my credit check has been referred to an underwriter and will make a decision in 48 hours as to whether I qualify for a mortgage - has anyone been in a similar situation..and what was the outcome?
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Early Mortgage and Deposit Advice
Hi I'm new to this site, so apologies if this question has already been asked and I haven't been able to locate it. My boyfriend and I are planning on buying our own home, however we still have a small amount of debt and hardly any savings between us. We are aiming to have the debt completely cleared by the end of the year…
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advice for mortgage!!!trouble with bank!
hi,everyone we have fixed our mortgage last october just before interest rates dropped.After we signed and our documents i have called the bank to cancel it.They told me to not to worry,u can cancel anytime without paying any Redemption penalty!.(except the setup fee )...any way i gave them a call before the first payment…
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endowment and capital gains tax
Please can you tell me the tax situation on endowments. We have had one endowment mature this year in Feb for about £40,000 which paid off achunk of interest only mortgage and we are about to surrender one that has just under 4 years to run the value will be approx £17,000 again paying more off the interest only mortg age…
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Happy with Mortgage
We are happy with our mortgage at the moment. When we came off our fixed deal in March 08. We applied to hsbc for theirs, but they would not offer what we wanted. After working out the initial cost of £2000 just to get a mortgage we worked out that the fixed deals which we would be tied into were no cheaper over the same…
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Long Term Fixed Rate Deals
Hi.. Just looking for a bit of advice (or opinions please). Our 2 year fixed rate deal ends in the summer and we need to re-mortgage. I'm coming to the conclusion that whilst I may be able to get say a 2.99% fixed rate deal for 2 years that I may actually be more prudent in investing in a 5 year or longer fixed rate. Our…
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earnings to borrowing ratio
hello guys i'm interested to know how much people earn and what they have borrowed/monthly repayments figures. im trying to get a perspective on what other people pay
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Changing jobs and getting a mortgage
Hi, My partner and I are going to apply for a mortgage at the end of May 2009 (defaults are removed from my credit file then) but my partner wants to change jobs to be nearer to where we intend to live. She is a nurse and is applying for another nursing job with a different NHS Trust. So my question is: Will her changing…
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Mystery phone-call
Hi, hope i am in the right forum.Here goes i had a phone call out of the blue today from some company claiming that i was entitled to monies from loans/Mortage, he then asked me for my debit card number,i gave him short shrift, but what was worring me was the amout of information he already knew re my finaces and i checked…
