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Mortgages & endowments

Archives for May 2010

Endowment Mortgage Advice
I've serious reservations about my endowment mortgage, and whilst I'm in the process of trying to find a good financial advisor, just thought I'd run it by you guys on this board, The policy was originally sold by countrywide and is currently underperforming, They recomended I upped the repayments this year which I did…
Questions from student about mortgage and also fraud
Hi, I am currently studying mortgages at school as part of my business studies course. I have asked my parents some basic questions on mortgages (as they have the experience of taking a mortgage out), but as I want to get really accurate info and not out-of-date info when the applied, I have posted the following questions.…
advantages of interest only mortgages?
i would like to know what advantages there are of this type of mortgage. Surely there are some advantages. they seem to get alot of bad press? are there rates better than normal capital mortgages for starters? thanks
Pay down mortgage or use money to offset?
Hello It is gettiing a bit late for me and brain seizing up more than normal. I have about 80k savings, acquired recently. Currently on 4.99 variable so keen to get off that. outstanding mortgage is 104k. I want to get an offset but at moment, won't qualify based on 104k and household income multiples. I can pay down my…
Mortaged until he's 85
I found out today that my dad remortgaged his house when he was 61, on a 25 year mortgage :eek:. This now explains to me why when he hit 65 he applied to his company for an extension of employment (for 6 months). He will not have sufficient funds to pay the mortgage when he retires from full time employment and is…
First-time Buyer Confusion
Hi, My boyfriend and I are currently saving a deposit to buy a property together. I am confused about our position when it comes to applying for the mortgage. Our situation: My boyfriend already owns a property which he purchased with his ex 10 years ago and then bought out her share when they split. He has 15 years left…
new future together
Dear all I am at a bit of a loss as to what to do next. when I moved into my cottage it was perfect for me as it was small and cosy. unfortunately, or very much fortunately, now my partner has moved in and we are crammed! we have decided to start looking what is available with an idea to move to a bigger place. I own my…
Remortgage?
Hi, lloking for some advice if possible! We're considering selling up our flat to buy a house, so would need a new mortgage - current mortgage 88k, flat work approx 115-120k, house we like approx 150k. both work f/t, secure jobs, take home pay approx 52k. is this feasible? what would our repayments be? we pay around 390 a…
Should I make my endowments paid up?
hi I have 2 endowments.One is with Scottish Life from 1986, which went into a shortfall 2-3 years ago & matures next June.We converted all our mortgage to repayment in 2006. The second is with Friends Provident form 1992 which went into shortfall a few years ago ( not sure how many) & matures in 2017. Should I make them…
Will they refund my valuation fee?
Dear Forum I'm hoping for some information / advice so that I'm armed with a bit more knowledge before I call the mortgage centre. My question is... I've applied for a fee-free mortgage and paid for a homebuyers report but put the mortgage application on hold before the valuation has been carried out. If I cancel my…
Can I get a 2nd mortgage if have deposit but in negative equity with first house.
Our house at the moment is in negative equity. We have no problems paying mortgage and will have at least a 10% deposit savings for another house by next June. We don't want to put that money into this house as we feel we have put enough into a house that we really aren't happy in. In fact we can't wait to get out of it!…
Self employed, new mortgage advice please...
Hello, we are new to MSE but need some complex mortgage advice, and this seems the best place to ask for independant help. I have bad credit, and need to keep this seperate from my partners, as he has businesses. His situation. He owns a house with his ex wife, Mortgage of £212, bought for £250k. She will take all the…
Joint mortgage - three people
Hi guys, first time poster here and I am looking for some help. Basically (interesting word choice) me and my partner are looking to get a mortgage with her mother who is 54. Between the three of us our income is about £49k and we have a deposit of about £35k-£40k. We've spoken to a financial advisor but he's still looking…
Late mortgage payment
I have recently changed my bank account and have been paying my mortgage over the phone the last couple of months - havent set up a direct debit due to wages flucturating so I prefer to pay at the end of the month (Northern rock has said payment is made on day I phone up not when money comes out of bank account) I knew…
Advice on staff mortgages.
A friend of mine was working for HBOS until a few years ago and always benefitted from the staff mortgage discount. When he left HBOS he contacted the mortgage dept and explained he was leaving and no longer entitled to the staff discount, 3 months later he contacted again fearing he would be hit with a big repayment if…
Little help/advice - first time buyer
I'm 19 and currently working full-time, living with parents. I've planned on purchasing a property and renting it out, letting the rent pay for the mortgage (I'm guessing it's not as simple as this). I'm earning 14k a year, saved 3k so far and hoping to have 7k by December (I'll be 20 then) for a property around 60k-70k.…
FTB - one default
Thanks for the advice on the last question. So, I have run experian to get my house in order before any applications start. I have a squeaky clean record nothing but green dots other than one default 5 and a half years ago for £35. I have satisfied it, I think it was just a final bill that didnt follow me after a house…
Offset - How does it work?
Hi all, Im thinkin about changing to an offset but i have no idea how they work, i have googled it but theres so much complicated jargon it really dosnt help, can anyone tell me basically how they work without all the jargon? if it helps my current account balange usually hangs around £500 and i put £240 in to a savings…
swapping a mortgage onto another house
can someone help?? my wife has a mortgage with her mum, abt 85,000 due to the family getting older and bigger we would really like to get our own place and leave the mum in law in this current house. can we have the mortgage put onto another house for us, so the current house has no mortgage and the mum in law can be left…
Joint mortgage with parents - is it feasible?
Hi there. My parents and I are thinking of selling our respective homes and buying a bigger property to share. We would have around 50% deposit (mostly their input). The plan would be that I would pay around 80% of the monthly mortgage payment. They are both early 60s and still working although hoping to retire in the next…

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Mortgages & endowments

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