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Endowment compensation settlement
My endowment matures in October 2011. Last July I received a red letter telling me the policy was at high risk of a shortfall. The letter explained the policy would fall short from £2400 to £4800. I made a complaint for being mis-sold a poicy. My complaint was upheld and I have been offered £637.95. This figure is based…
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Endowement
I am on income support and have an endowment mortgage that ends in 7yrs. They have said that there will not be enough funds to pay off the mortgage and I was not mis-sold the endowment. I do not have any savings or income. I am disabled and will never be able to work. What will happen? Will I have to sell my home?
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How can I get a mortgage as a single woman...
no children and earning £20000 a year.
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Selling my property to buy shared ownership. Advice needed!
I currently own a 3 bed end terrace with a £71,000 mortgage. My house is valued around £87,000. I am looking to downsize and raise some capital to pay off a few debts amounting to around £7000. I am interested in a 50% shared ownership scheme run by a local housing association. The 50% share of a 2 bed semi is £49,975. I…
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What type of Mortgage? Conflicting advice
Help I am getting conflicting advice. The situation is that we are hoping to buy a retirement property for my retired parents. My parents' only income is their state pensions and they live in rented accommodation. We are looking at properties around 100K-125K. We have managed to scrap together a deposit of 50K. So looking…
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Getting a mortgage
Can anyone help and answer this question for us. My partner and me are both on incapacity benefit and income surport and get help towards our mortgage interest payments and have done for about 4 years now. The question is would we be able to get another mortgage if we sold our house for say 125k and wanted to buy another…
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Remortgage to Barclays - now have a connect card?
Hi I just remortgaged to Barclays (it should complete Monday) with payments coming from my Lloyds current account by direct debit. Today I recieved a Barclays connect card PIN number out of the blue. I've not applied for or want a Barclays current account. Have I missed something? Regards X
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best 5 year fixed at the moment?
Will have approx 20% deposit (28k) for a 140k buy, what the best 5 year fixed i could be looking at at the moment, and what set up fees? Many thanks in advance
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Right to Buy Mortgage
Hi, I have saved up 3k for a deposit on our current council house and would like some advice please. My situation (Credit report) The below is information from my latest credit report Number of credit accounts (including those settled) - 14 Amount of available credit (excluding mortgages) - £949 % of your total credit…
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Bank of Scotland Fixed Rate ended... please help
Hi there, My wife and I were both really looking forward to our two year fixed rate 5.59 coming to an end so we could enjoy the new reduced interest rates. I received my letter yesterday and it has dropped to only 4.84!!!:confused: It says Home Loan Rate(standard variable rate) 4.84... I feel we are getting done over...…
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Offset mortgage and ISA question
Hoping someone can help with this one. We have just moved house and now have an Offset mortgage. We both have ISAs which we pay a total of £100 per month into. As the ISA accounts are nto 'associated' accounts with the mortgage my question is - Should we leave all as it is and continue to pay into the ISAs? Or Should we…
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third mortgage
I currently have one residential mortgage and one buy to let,now wish to obtain third mortgage. Third mortgage will be on residential property purchased with 50% deposit provided by partner.Income will be retirement pension and rental from buy to lets both of which have reasonable equity. Would it be best to obtain third…
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Headache trying to do calculations!...
Hi all, I wonder if you can help....maths isn't my strong point!... Situation: Current mortgage: 5.79% fix ending end of April House worth approx. 150k Mortgage outstanding: 95k A&L aren't offering much to me when my deal ends, so I'm considering a FirstDirect 2.49% above base/no set up fee/no exit fee for a while and…
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Age restrictions
Hi does anyone know if any lenders provide mortgages that will run past 65 for my husband if i'll be 55, he's got equity in an house with his ex but can't see him getting it for a few years yet, but would like to move now. Thanks.
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Prudential/Scot Am Endowments
When the maturity date is reached, do Pru pay the money direct into a bank account by BACS, by cheque, or do you get a choice please?
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Mate wants mortgage, got credit card, contract phone??
Evening, I posted on here a few weeks ago about my current lodger wanting to buy my flat. At the time he applied through his bank (Lloyds TSB) and was accepted for a credit card with a £1.9k limit! I was surprised at the amount especially as two years ago at my own bank (HSBC) my first limit was £500. He's going to use it…
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pay more or save?
Hi all Ive been reading a lot about whether or not to come out of my fixed mortgage deal and pay the penalty, this is my current situation: Mortgage i owe is approx 60k and i pay £546 pm and have 13 years left Mortgage is fixed for till late 2013 on a 6.29% to come out of the deal i would have a penalty of 5% (3k)? ok this…
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Fixed rate ends end of May when should I get new mortgage?
I know questions similar to this have been asked before but for some reason ( stupidity probably!) I can't translate to my own situation. So apologies in advance. The question is my 5 year fixed rate ( 4.89%) with A&L is due to end on 31st May and I'd like to go onto another fixed rate ( preferably 5yr again ). I have just…
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Mortgage payment protection insurance
Apologies if this is in the wrong part of the forums. My broker's asked me to go and see him to chat about payment protection insurance in more detail for the mortgage he's applied for on my behalf. With work one of our "benefits" (things we get so they don't have to pay us as much) is that we get: 1 - Life assurance up to…
