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Mortgages & endowments

Archives for April 2010

First Time Mortgage - Visit to an Advisor
Hi all, Hoping someone can help with a bit of advice. Myself and my girlfriend are looking to buy our first house and have approached a couple of local estate agents. One had a house we liked the look of, but on a viewing it turned out to be a bit too small. However, the estate agent advised us to go in and speak to their…
mortgage advance question
Hi, I've just been granted an advance of £50k on my mortgage (property worth £170k, current mortgage £48k) to use for home improvements and buying into a buy to let flat - mortgage company know this bit. I've now been offered a more lucrative deal of developing an old property which would use all of the 50K. Trouble is,…
End of 2yr tracker, do I swap or hold on??
Hi, I used these boards a couple of years ago to help me through understanding our 1st mortgage, on our shared ownership house. We have a pretty high ltv, I think it was around 85%. We got a good deal .79 over base rate so we are only on 1.29% now!! unfortunately it is coming to an end at the end of may. My question is…
MisManagement of my Endowment
Hi Martin, I bought an endowment policy in 1986 for my mortgage. It should've matured at £18,500 in 2011 and I was advised that I could expect as much as £30,000. In reality I will be lucky to get £12,000. I claimed for mis-selling and got about £2000 compensation a couple of years ago. You will see from below how the…
Porting Nationwide mortgage?
Just hoping somebody may be in a position to assist. We currently have a nationwide mortgage and are on BMR of 2.5%. We are looking at moving to a larger house and extending our mortgage. Are we able to port our BMR mortgage? I assume the additional borrowing will be on a new rate. Any asssistance is most appreciated. Kind…
Mortgage Broker - good idea?
Hi, Ild really like to get a mortgage sorted out quickly. Ive had a look on ThisIsMoney and on this website to see the various Best Buys. I "think" I will go for a 5 year fixed mortgage. I wanted to see if anyone thinks its worth going to a Mortgage Broker such as The Mortgage Shop. Does it cost me more getting them…
A good idea?? - Mortgage Exam
http://news.bbc.co.uk/1/hi/business/10089550.stm Probably a sensible idea for younger first time buyers. Many still go into this with a limited knowledge of the consequences small changes can make to them.... what does the panel think??
Leeds 5 year fixed
Has anyone got any thoughts, good or bad on the Leeds building society’s 5 year fixed (80% LTV) at 5.03% or alternatively 4.79%, if you take home insurance with them? As long as the home insurance is not a complete rip off, it seems a pretty good product to me.
20 year mortgage for over 50's
Evening all, looking for any gems of wisdom here. I shall be brief! I am 52 and my wife 53. Though these ages are illegal in most countries we are unable to disguise the fact any longer. We applied, and got a mortgage offer in principle, for a 20 year mortgage for a property that needs work but has great potential. The 20…
First Mortgage help
Ok, me and the mrs are wanting to buy my parents' (seperated) house, it was valued just before we went into the recession at £100-110,000, and with all this mentioned recession ETC ETC they've reduced the price to £70k. So we are wanting to sell the house privately so we can save my parents as much of their money as…
Shared Ownwership - End of a 3 year fixed
I own a 50% of a shared ownership property. I am coming to the end of my 3 year fixed rate & have been told that I need to get 3 valuations of the property from 3 seperate estate agents. I have then heard that a mortage valuation is alot different from an estate agent valuation. I am very confused
Independant Valuation
Rather than the cost and rigmorole of getting valuations per lender. Can you go direct to a surveyor - e.g. esurve, and get an indepandent valuation which can be presented to different lenders. esurve suggested this could be done, with a £40-£45 x-fer fee onto a lenders headed paper. But HSBC seemed coy, and are 'getting…
+0.79 Tracker - will it ever make sense to move lender?
Hi We have a £147k mortgage on a lifetime tracker @+0.79 BOE base rate. This was a rate that we got when we remortgaged in 2008 We are looking to borrow an additional 80K for a house move, we have shopped around and our lender (HSBC) is not offering the most competitive rates for our 75% LTV but I cannot see that it would…
Two Mortgages- Rennovation Project
Hi I currently have a property with about 50% equity. I was planning on buying a second property using half the equity in the 1st property as a deposit. The plan was to continue living in the 1st property whilst working on the 2nd which was a rennovation project, with the idea of, in a year or so, of selling or letting the…
Do conveyancers get a different mortgage document to me and am I entitled to see it?
Hi, I am (as if any of you who have seen my previous post will know) am having some problems with my conveyancing solicitor. Basically she told me I need to pay £300+ for some searches which when I dag deeper it turned out I didnt need. But thats another story for now. When I found out about this and rang her she told me…
Applying for a diff mortgage product with same lender
Hi there, We are FTB's, had our mortgage approved few weeks ago with Notts BS, and Ive noticed that alot of lenders have reduced their fixed rates recently, including Notts. The mortgage rate we have is 5.29% for 3 years, 15% deposit. Now they offering 4.99%. I know its only a £30 per month difference but thats a saving of…
do i pay my morgage off
I currenlty have a mortagage for £46.000. I have 3 endowments policies all of which have a shortfall. Two of these are due to mature over the next couple of months I will get about £30.000. Do I pay off the mortage with this money which will leave me with £16.000 or do I invest the £30.000 for about 3 years which is when…
Morgage advice...Slightly complicated...help please
My GF has been working as a successful sole trader in the landscape design profession for the last 2 years and has earned well over £20k net profit each year. I currently work for a company in the landscape profession and have been working for the last 7 years. For some time we have been planning to set up in partnership…
mortgage
I am 60 yrs old and have inherited a house along with my sister, my husband and me own our own house and is mortgage free what is the best way to raise 115.000 to buy my sister out so I can put the property up for rent
mortgage
I'm 60 own our own house mortgage free, sibling and me have inherited a property, I would like to buy her out, and need 115000 to pay off what is the best way to borrow that sum of money?

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Mortgages & endowments

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