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offset mortgage
new to all this internet forum, but after reading a few i thought i would ask a question about four years ago i took out a offset mortgage with rbs and during this time i have moved house and during a six month period in 2007 i had 2 mortages with them but in may i made a mistake and paid money into my mortgage account…
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Tax liability for assigned endowment
I took out a joint endowment policy with my ex-husband in 1987 to cover our mortgage. After we divorced he signed a Deed of Assignment in 1996 transferring ownership to me. On the deed I selected the option that says items of equivalent value will not be paid in consideration of the assignment. The endowment is due to…
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mortgage break
We have a mortgage with bristol and west recently moved to bank of ireland, At the minute we are split up but still having to live in the same house due to lack of interest in the housing market, we owe 98k on the mortgage but also have about 20k other debts and the house was valued at 199k, Would it be worth taking a…
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Mortgage refused due to shortened name
I wonder if anyone could help me. I have always used a shortened version of my first name (e.g. Jon rather than Jonathan) for banking, loans and credit cards. I have a perfectly fine credit rating under this name, which I habitually use. I am a first time buyer and had a mortgage agreed with Lloyds TSB. At the last minute…
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Unit linked endowment - how long to hang on to?
I have posted on this forum (timed just about at the beginning of the credit crunch!) about whether to surrender a unit linked HSBC endowment policy. I took the advice to wait, as the units became cheaper as the stock market plummeted - so hopefully the value has improved somewhat by now. I am quite happy to continue not…
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Holiday Let Mortgages
I have a mortgage with Stroud and Swindon B/S. I have holiday let my home this year and intend to continue. What will happen if I tell SS that it is now a holiday let? Will I have to find a different company? I have had the mortgage 5 years and have always repaid on time.
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To build a house and raise the cash ?? Help
Hi all – I want to buy the land next door to build a house, I want to live in my present house for the duration, so I can project manage the project close by – plus not end up in rented accommodation for 7 months at 500 GBP a month = more expense. The current value on my house is approx 300k I owe to the Halifax 78k :mad:…
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Intelligent Finance Off Setting Mortgage
Hi For the last 8 months I have been paying interest only on my mortgage. I am now in a position where I can revert back to repayment. I have 204 payments left :eek: and to cover the capital in that time I would have to save an additional £1020 approx per month, this assumes no interest is being earned or off-setting…
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Mortgage Advice
Had a mortgage promise agreed with Halifax, found a house and I called up and chose the best mortgage and had a full credit score which went through fine, have instructed surveyor and need to take in id, payslips, address verification and a third party reference form, is that it or could we still be declined.
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Yikes - will interest rates stay low
I read yesterday that the bank of england will keep interest rates low for up to 5 years. I know this doesnt mean mortgage rates will stay low but the suggestion was that there will be a bidding war for low mortgages for the next few years. I have just fixed at a rate of 4.99 until Sept 2016. I was pretty pleased with this…
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Avoiding early repayment charges?
I've just put my house on the market and my mortgage early repayment charges expire in April 2010. I'm wondering, in theory, if I sold the house before April, can I simply continue to pay the monthly mortgage fee until after April 2010 to avoid the early repayment charges? But I can imagine it is not that simple and maybe…
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Sell & Rent or Stay & Struggle???
Everyones advice would be appreciated on this one; There is no equity in our house, if we sell we would just about break even. We are making the mortgage payments but at a stretch and to the cost of our standard of living. The way I see it is that we have two choices; Either we sell our house - cut our losses - and rent a…
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B&B mortgage - escape route sought.
Are there any firms that will take on an existing mortgage from Bradford & Bingley with a very short term (approx 8 months) to run ? I am probably more fortunate than most in that my mortgage is close to the end and is very small - £220 per month. It has been with B&B for 15 years and until recently was on a reasonable…
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Which A + L mortgage would you pick?
Hi all! I have already had my mortgage offer from the A+L, but am now doubting my choice. Here it is; £120k mortgage, £65k deposit, over 27 years. Choices; 4 year fixed rate @4.99%, £680 per month, £1000 arrangement fee 3 year tracker currently at 2.79%, £532 per month, £1000 arrangement fee Which would you pick?? Thanks!…
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Fixed Rate Question
I have a tracker so Im benefiting from the low BoE rate right now. But how exactly do fixed rates work? You sign an agreement of say 4% for 5 years but then is there anything in writing to say what happens after the 5 years? Can the lender put the rate to what they want? If so why do people chose fixed rates not know what…
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Endowment Policy
Ok here goes some 20 odd years ago I was enticed into taking out an endowment policy even though I had not even bought a house.I had paid into the policy for about 4 years (about £50 per week - even though I was only earning about £75 per week) The time had come to buy a house for which my (ever increasing in value)…
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endowment help again please
red letter start date 21 nov 1996 premim 41.31 current value 12,237.10 target 26,250.00 maturity date 21 nov 2021 projected final amount at 4% 14,500 shortfall 11,750 projected 6% 17,400 shortfall 8,850 projected 8% 20,900 shortfall 5,350 mortgage swapped to repayment about 6 years ago down to about 20k now last surrender…
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High LTV Rate
I'm coming to the end of a tracker deal with A & L, after which they'll stick me on the 4.99 SVR rate. They've offered my a couple of 2 year fixed deals at over 5.5% the reason being that as they say property prices across the board have dropped 20% so we now have a high LTV rate of 93% (where 2 years ago it would have…
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Lisa Fallows
Hi all, I am trying to track down Lisa Fallows, formally working for Taylor Engley Mortgage Services. Does anyone know where she's at now? Cheers Dave
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Mortgage application fee not returned.
Hi all, could do with some help here. recently we used our mortgage broker to go about getting a remortgage seeing as our 2 year fixed rate deal was finished. After handing over all the appropriate documents we were told we need to pay £500 on our credit card which we would receive back when the new mortgage had completed.…
