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Mortgages & endowments

Archives for October 2009

mortgage arrears charges
mortgage arrears charges are going to be the next thing people can claim back i believe once the bank charges issue has been sorted look at this link http://news.bbc.co.uk/1/hi/business/8331600.stm also http://www.mortgages.co.uk/news/2009/Aug/mortgage-arrears-charges-out-of-control,-says-moneysupermarket.com.html also…
Solicitor Over Charging??
Hi all, After recently seeking services from a solicitor and beign quoted around £700 for searches and services for purchasing a house i have found out that there is a third party solicitor needed. The solicitor i instructed has told me today that a third solictor was needed as they couldnt act directly with the co-op.…
Mortgage help needed for upgrade. PLEASE. Highest LTV advice
Hello all, I'm new here and hoping you can provide me with the help I need as my internet searches have proved unsuccessful. Me and my husband are currently living in a 1 bedroom house, which we bought just over 3 1/2 years ago with a 100% mortgage. We now wish to move, mainly as we would like to start a family, which is…
Base Rate effect on Mortgages
Is now a good time to get a mortgage product or better to wait until Q1 or Q2 of 2010? Stamp duty could come back down to £125k in Jan 2010, meaning I'm paying around £1,400 for a £140k property if I buy after xmas. If I buy before xmas, I will save that £1,400, but am I buying into a mortgage product that will cost more…
Reclaiming MEAF
Hi Has anyone had a mortgage with B&W in the last 3-4 years? I tried reclaiming the MEAF, but was told that they would not refund it and said it was a legitimate charge. Anyone else had any success with them? savemoney10
Mortgages with a CCJ
Hello guys, up until may this year i was in serious debt with o/s debts of £28K, but my parents kindly gave me the money to pay it back, i am paying them back every month, quite comfortably, anyway without digressing, My hubby and I would like to move, we have no o/s debts apart from the current mortgate, of which we have…
Halifax and lending
Hi all, I have 5 defaults that have all been satisfied and were raised more than 3 years ago. All my payments have been up to date and my DH has an excelllent credit score. Mine has improved since satisfying my defaults and is only a few points away from a 'fair' profile. I know this means squat when it comes to lending…
Halifax SVR dis!!!!ed product.
I am currently on Halifax SVR @ 3.50%. However i have been offered -0.51 SVR till Jan 2012 making it 2.99 at currently. Thats halifax as well. DO you think this is good deal and what you guys think about Halifax SVR going in these 2 years. Is Halifax obliged to leave their SVR low and close to base rate. Thanks in advance.…
WHat are the best 90% Mortgages out there?
I recently posted on here asking if anyone knew of any 95% mortgages but it seems these are pretty much extinct now! So my next bet is a 90% one so can anyone help on advising me the best ones currently available? Thankyou
Unmarried couple borrowing mortgage deposit from parents
I have brought a property with my boyfriend and we are joint owners – we own half of the property each. My parents loaned me the 5% deposit, they are now asking for an agreement to be set up in the case that I split up with my boyfriend he would need to pay back the 5% deposit to them. Do you know if there is a dummy…
Switching repayment mortgage to interest only
My wife and I are wondering if we might be able to switch our current C&G lifetime tracker mortgage to interest only. The reason would be that we are hoping to move house soon (probably next year) and given the current low interest rate on the mortgage it would really help to increase our savings if we switched to interest…
MSE News: Mass refunds for thousands of GMAC mortgage customers
This is the discussion thread for the following MSE News Story: "Tens of thousands of mortgage customers will be entitled to compensation after the city watchdog fined a lender for poor treatment of those in arrears ..." Read the full story: Mass refunds for thousands of GMAC mortgage customers
voluntary repossession questions
Hi guys, I am nipping into the bank this afternoon to request information on the ins and outs of voluntary repossession, but I have learned not to trust banks to tell you the whole story, so maybe you guys can explain some potential pitfalls? 2009 has been the worst year of my life so far - everything has gone wrong. We…
Northern Rock Together - Paying unsecured loan
Hi guys, been lurking aroud for a while and only posted once before - looking for some advice. I took out a Northern Rock Together mortgage back in 2005 then remortgaged after a 2 year fixed deal in 2007. Recently bought a new house (7 months ago) and paid off the secured loan but moved the unsecured part of the together…
Ridiculous situation!!
My wife and I bought our house two years ago at the top of the market. At the time, we had various loans and had less money coming in than we do now. We ported our interest only mortgage from our previous property to avoid a hefty redemption charge. We put our 15% deposit into the new property. The plan was to get onto a…
Natwest mortgage
Had a very favourable mortgage meeting with Natwest today. Everything about my mortgage application is fine apart from one thing. Apparantly all builds up to 3 years old are classed as new builds to Natwest (common with a lot of lenders??), and thus only will lend 80%LTV. This is no good to me as I can only get at most…
Offset Mortgages
I'm looking at coming out of my fixed rate mortgage (fee applies) and opening an offset mortgage. I understand how the offset works, buy reducing interest payable using my savings. This is what i'm planning to do (assuming i'm accepted for a mortgage). I have a house with a market value of 160k, my current mortgage is 61k,…
Overpay Mortgage or Use Equity ISA
what is the general considered opinion here on this? my 25 year mortgage at present is 3.99% for 4 years, but what is best practice for now and after the 4 year period?
capital gains tax and offsett mortgage accounts
reposted under cutting tax forum: When selling my buy to let, can I put my capital gains into an offset mortgage account which I have on another property or must I pay the tax man?
what should we do?..
Have posted a few times recently about our remortgage application. We have a default (now settled) and so have really struggled to get a remortgage. Our mortgage advisor has found a lender but the rate is 8.69%. We need to move quickly so feel we wil have to take it but it;s just such a high rate and will bring our monthly…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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