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Endowment policies
Our policies are just coming out with the lovely NU or should we say Aviva. When they write to you we have found that the policies are showing a value based on approximately +1.5% however having just received a cheque we have found the policy in 25 years has made a loss of about 5.5% below the negative is this correct? Or…
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Early repayment charge
Hi, we have just come to the end of a fixed rate deal but are tied into our mortgage until September 2010, if we wish to take out another fixed rate we will have to pay £2000 early repayment charge plus the booking fee for the new mortgage. Does anyone have any thoughts about the variable rate remaining good? We would…
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sold house - mortgage advice please???
just wondered if anyone had any words of advice please as we have sold and want to get a cheaper mortgage...sorry if its a bit long winded. we bought a house for 100k, with a northern rock together mortgage of £103k (95k mortgage, 8k unsecured loan), with 33 years left, and now a monthly payment of £510. we have now sold…
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mortgage holiday?
hi my husband is self employed and is due to have a shoulder op, our mortgage is £800 a month and it would be really helpfull if we could take a month off we have never overpaid so not sure if theyd even let us any advice on what to say to them? and would this effect our credit rating? thanks in advance
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Property in Auction
Hi, Need some advice basically. My brother seen a property in Auction and they require a bankers draft for a deposit which should be 10%. He has not bought a property through auction previously so does not know how it works. Couple of question:- 1. If he bid on the property and wons it how long does it have to arrange a…
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FTB Mortgage Multiples...Lie?!
Hi Im looking at getting a mortgage in principle from Natwest but I have issue with regards to wage multiples. I earn £25000 basic... However last year I was earning £23000 basic but my p60 was £36500 due to bonuses. Mortgage companys (inc Natwest I beleive) will only give multiples of your basic which means Im struggling…
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Porting a low LTV mortgage
Let's say I currently own a property in which I have quite a lot of equity and I remortgage to a portable mortgage on a good rate because I'm below the 60% LTV threshold. Then let's say six months later I trade up to a more expensive property, for which I need to borrow a total of (say) 76%. Obviously I will need to take…
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Transferring morgage from his ex, to me?
Hi, My partner and I are currently trying to buy his ex out of their joint mortgage. I earn a similar ammount to her, and my partner is able to borrow more that half of the mortgage ammout on his own, yet the current lender says they cannot help us. Any tips or ideas would be most welcome. Anna x
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mortgage/loan mis sold?
could you maybe answer this for me please. i was recently contacted by cento client review regarding being mis sold my mortgage or loan. i did not sign up with them and most definately wont be, however the gentleman i spoke to did get my mind thinking. he claimed that when any loan or mortgage is sold in the uk and the…
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where to sell endowment policiy
Hi I have contacted Scottish widows regarding my policy obviously the shortfall is huge.I have another 4yrs and with the figures I have been given it seems better to cash in.I would have to take out another life insurance.But the one with the policy would end any way when the policy ends.I have read that I would get more…
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Endowment Value reducing
I have 3 Phoenix life (ex-R&S alliance) policies that I got valued by them in February. 21,18 and 12 years old. I've just asked again (July) and the value has fallen on all three of them. How can this be? The newest one of them is worth less than I've paid in ! I've paid off my mortgage and seriously considering cashing…
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Mortgage early repayment fee
Hi i have had my house up for sale for 2yrs and have just recieved my first offer at 170. The house belongs to me and my ex husband and needs to be sold as me nor my ex can afford to pay mortgage. H e told the mortgage company northern rock that we had an offer, the mortgage is 167 but with the early repayment fee it is…
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changing to interest only has ended up costing me £1000.00
I'm new to this forum thing and don't know if anyone out there can help at all ... basically I changed my mortgage from repayment to interest only (but stayed with the same lender and am still within my fixed period) I was promised I would not be charged anything in doing so but when the transfer went through the bank…
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MEAF`s???
I have just asked Abbey for a mortgage exit balance as iam intending to pay off my mortgage at the end of my current term. I am tied in to my current deal until 2nd November 09 and iam happy to wait until that deal ends. Abbey however, have quoted an admin fee of £225, they have said that they will do all the legal work to…
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Lender stops Lending
My partner has a self cert mortgage with Advantage Innovative Lending. Their website has the following messsage: "Important Information: Advantage has ceased all mortgage origination activity: Q. Who is going to administer my mortgage now that Advantage has ceased trading? A. The arrangements for administration of your…
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Mortgage with Debts
After more a general opinion right now. Between me and my Financee we have combined debts of approx £22k. Actually income is around £25.5k after tax (31k gross). A good half of the debt is down to 2 cars. As it is we want a house and of course a mortgage to go with it. Right now we are throwing everything at clearing debts…
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Best 5yr fixed rate?
For a first time buyer with a 10% deposit, what are the current best rates available on the market for a 5 year fixed rate mortgage?
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Mortgage Decline Appeal
Hiya, looking for a bit of advice. Myself my partner have recently sold our house and have seem another property we are interested in. We have combined earning of £80k a year and the only monthly outgoing is a loan I have at £265 a month. We went to Nationwide yesterday and had our mortgage application declined due to only…
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Is it still possible to get two residential mortgages?
Hi, My wife and I currently have a mortgage with ING Direct (balance around 30k). We are thinking of buying a flat within a good catchment area, but Is it still possible to get two residential mortgages? I called ING direct, they say we can only have one residential mortgage, so we either go buy to let for our existing…
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Secured loan intrest rate.
Hiya, We have had a Secured loan with Endeavour Personal Finance since Dec 2005 on a fixed rate for 3 years. In December I new that our rate had ended but as we recieived no notification that our payment were to change we kept shtum as the we thought we were benifiting. Last week whilst making our normal payment over the…
