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Mortgages & endowments

Archives for October 2009

Re-Mortgaging for the First time.
Hi guys We are 5 years into our 25 mortgage. We are currently repaying the interest and capital at 5.89% (we changed to a fix rate just before the base rates dropped). We are looking to borrow a further £40k so that we can move up the housing ladder and get a good sized family home (my fience wants children after we are…
a few re-mortgage questions for this afternoon
hi i have a few questions if anyone could help me please. our house has been seriously under valued due to a large extention that was done two years ago. ( by over £50000) The re mortgage is about to go through as we have persuaded them to have a valuer to come and visit us today to vaule the property in person. But how do…
Paying Endowment
One of my mortgage endowment policies finishes in 2011. It's only £20.22/month and I have enough money to pay it all off, up to 2011. Is that a wise thing to do? My thinking is that I'm £20.22/month better off and the interest generated each year is on a larger sum. So I may get more money back. :confused:
Over pay or save for new house?
Hello, Me and my wife are thinking of moving in the next couple of years. We estimate our current house to be about 150K with 115K mortgage outstanding. We have about 30k in various savings/shares/ISA's. The house we would be buying will be about 250K The question is it better to over pay (using our savings) and reduce…
re mortgage advise needed please
Me and my partners current fixed rate mortgage deal with halifax came to an end in september 09. we were on a fixed for two years at 5.44 %. at current as our contract expired we have fallen to the std variable of 3.5%we been with the same broker for 5 years but we not sure if his advise is correct . Our house is worth…
Advice on balance transfer and Mortgage issues please?
Hello, I am looking for advice on 2 money issues. My first is: I own a house with my ex boyfriend that we currently rent out. He did not pay his part of the Mortgage for a year, so I was paying partial payments. We have been renting it out now for over a year, but the rent has not been topped up to match the difference…
What's happening with Edward Jones?
I got a call from Edward Jones head office telling me that they are not recruiting until the next year. I had forgotten that I applied for their FA position. It was a good few months ago. But I also hear that they are being taken over and many of their FAs are being sacked...is it true? I understand that many of FAs are…
Remortgaging and solicitors
Apologies for such basic questions, but I am just about to re-mortgage for the first time now that my fixed rate is nearing expiry. I am not moving house. If I choose to take out a new deal with my current lender, do I still need to instruct a solicitor? What exactly does a solicitor do in a re-mortgage?
Northern Rock
First time poster - go easy. Kind of surprised not to see more discussion on here over past couple of days about what happens now. Who is a 'good' debt, who is a 'bad' one etc. obviously my mortgage is with them, though not a 'together' one. What do people think?
What time does mortgage get taken out?
Hi Everyone, My November mortgage payment is due on the 30th of November. At the moment i'm changing jobs and i usually get paid on the 15th of each month so paying the mortgage is no problem. However my new work will not pay me until the 30th of the month, this is the same day the mortgage gets taken out. I'm just…
Running 2 mortgages - best way to pay off
Post removed due to wasting peoples time.
endowment dilemma keep or sell???
I have three Std Life Endowments which I no longer need as I have paid off my mortgage. Should I keep paying the policies until they mature or cash in/ sell and invest the funds myself? I don't think I can do a worse job than them over the remaining term. Or am I missing something? Details are First two policies are…
Nationwide Mortgage Application
Hi, I am purchasing a property and applied for a Nationwide Mortgage for 68k through a broker. I have 50k to put deposit under. He made a full application. Now I have contacted the broker today and he said my application has been referred to Nationwide Head office for further checks. Is that normal? I dont have any…
Why a high failiure rate for mortgage advisers?
I am a little curious. There are a lot of negatives about the role of mortgage advisers here in the forum compared to IFAs. I would have thought, since an IFA or a financial adviser is trying to convince a client to invest their life savings into a fund that has a potential of losing their money, and based on current…
what happens at end of fixd term?
hi, my 3 year fixed rate of 5.69 :eek:comes to an end in a few days, and my paper work says my mortgage will change to a life time tracker at .95 above base rate.:jthis is with woolwich, but when looking at there rates on there website there lowest tracker rate is 2.29. not as nice as 1.45. i just wondered if this .95 was…
Endowment insurance final bonus
We have a conventional 25 year with profits endowment plan that matures at end of Nov 09, Prudential are the insurer. All the way through the policy life we have received "green" letters explaining the plan is on track to pay out the target amount (£20k), even as recently as Sep 08 Prudential told us we were on track. In…
How is a house valuated
My mortgage provider has instructed the valuation on the property we're buying next week. We're putting down a 40% deposit on the Purchase price of the property. The house we're buying is in need of a complete makeover in terms of double glazing, wiring central heating etc. etc... Structurally it's fine, nothing wrong with…
Valuation of property for remortgage - how to get a generous one!
Hi, I need to remortgage to pay for essential building works happening in my block of flats. I've taken a look at some rates, and also consulted a few brokers. My problem is that I need to get the maximum valuation for my property in order to raise money for these repairs. At the moment it looks as though a few grand will…
Mortgages for property that is above commercial premisis
My solicitor informs me that mortgages can sometimes be refused on property that is above commercial premises. Whilst this may not affect me because I have a fairly sized deposit, it may affect the re-sellability of the property I am looking at (it's located two floors above a business that sells windows). Does anyone know…
A New Deal or SVR?
Evening all I received a letter today from Natwest offering me news of new deals. My current NW mortgage ends 31st Jan and the interest rate is fixed at 5.69%. We have 10 years left on the the mortgage, but want to up the payments and cut that down to 7 years. I saw a deal on their website at 3.59% for 2 years with a £199…

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