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Endowmment Options - Advice Please
I currently have an endowment policy running, but the mortgage fully paid off and this has become a savings plan. My circumstances are changing and in the near future I will not be in a position to continue paying into this policy. I know value of the policy if I decide to cash in, but how would others advise I handle this?
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Financial Advisors
I have a conundrum where I have 2 financial advisors one from a fairly large institution offering to secure me a higher priced mortgage and an independent who says he can beat their price. The first one is also recommending insurance for critical illness which seems to make sense and a policy that pays off the mortgage in…
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Wiping the slate clean
Hi All, I have just sold my house to enable me to wipe my slate of 30K failed IVA. Anyway because I defaulted on my mortgage while going through a bad spot the abbey will not let me re mortgage with them. Is there any compaines that will help people out who have a clean slate but poor credit rating? Cheers.
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How much of my savings should I use to overpay mortgage?
I understand that it is wise to pay off as much of my mortgage as I can from my savings, but how much of my savings should I use up like this? I may be changing jobs soon and more importantly I may even be starting a family next year. Is there a "happy medium" or recommended percentage amount to keep back? Thank you for…
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Returning to UK
Coming home after 4 years in Oz , with a firm job contract and 15% deposit for a house, will I be able to get a mortgage and how? Have excellent past credit/mortgage history but will that count anymore, after my absence? Will need a house asap...
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Returning to UK
Coming home after 4 years in OZ, with a firm job contract and 15% deposit for a house, will I be able to get a mortgage? Have excellent past credit/mortgage history but will this count any more? I'll need a home asap.
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Equity release
Hi, my parents have a 21000 lifetime mortgage they foolishly thought was a good idea, and that it meant on a 120000 valued house, the lender would only take back this percentage of the property when they die. Actually, in 10 years wit will be about 50k they owe and in 20 years a staggering £95000, ie most of their property…
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please help
hi please could some help me to help my daughter she is on a DMP at the moment and has been for about 1 and a half years her husband is pays around 700 a month on his loan and 2 credit cards which he is paying the minimum on the credit cards each month and can just afford the loan each month. They have equity in there…
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Another mortgage?
Hi, I am new to this site and so far have found it very useful. I have not posted any new topics so here we go. I have recently brought a property which i have rented out but i think i would like to get another to rent out also. What options do i have available to finance it? I have been told that it is possible to get a…
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Negative Equity and new mortgage plus old BR
Hi, Am looking for some advice.. please. I have made mistakes in the past and due to my ex leaving me with a young baby and a mortgage I got into debt. I was made BR in 2008. However me and new Hubby have kept our home. But we are in negative equity. An opportunity has arisen for us to possibly buy a house with my FIL. He…
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Winterthur Life United lInked Endownment
Hi, I have a Winterthur Endownment which i took out on my old property for £60k around 11 years ago.I recently stop premiums into this policy with a view to withdrawing the proceeds, which were around £16k (This was in April before the recent dip in the stock market/euro zone, it is now valued at around £15k). I then…
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Default on credit report and getting a mortgage?
I have a quick questions about our current situation: My partner and I are saving for a deposit to a flat. We are aiming to save around 45k for the deposit (we're nearly there) and we're planning to purchase a property worth £175,000 max. I'm on £22,500 pa and partner is on £32,000 pa. salaries. We recently checked our…
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Transfer of Title with Negative equity & ex in trust deed!!!!
Hi, I am looking to see if anyone can help. I bought my house with my ex partner 5 years ago and paid way over the odds for it. Almost as soon as we moved in, we split up. He only helped with the first months mortgage. Now he has entered into a trust deed and I am trying to get the house transferred into mine and my…
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Buying another house, options with old house???
Hi Myself and my fiance are intending to buy a larger house. Our current house is 6 years old, it is worth around 130-135K, we owe 90k mortgage of which we are no longer tied up, as the mortgage was fixed for 5 years and has finished. Our current house is a 2 bed newish build mid terrace, going by all the same houses on…
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Buy to let
I'm currently in the process of letting my flat in an attempt to get on top of my finances. I have quite a large percentage of collateral to mortgage and the rental value of my property is quite high but my income has been hit really hard in the last two years.(hence the need to get on top of my finances) Will I find it…
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Free legal: Is it risky?
I am looking to remortgage with Post Office. It is a fairly straightforward property to remortgage and the deal is fees free. However, I have always used my own solicitors before, so a bit hesitant to go with the solicitors for the bank. Is it standard for people to use the banks solicitors services as part of the fees…
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VirginOne Account - Moving Home.
Hi, previous member but just re-joined. I've had a VirginOne account for about 8 years, due to the recession and being unpaid from a few jobs (self-employed) I am now 'behind plan' by about £7000 on a £85000 'overdraft' Still paying our monthly payment with no missed payments, but we are now wanting to downsize to a…
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mortgages for people with adverse credit rating
Hello All I am new to this, so bare with me. My question is: We are selling our present house to settle the majority of our debts and then going into rented accomadation for two years. We then hope to step back into the market and purchase a property. Would we find it difficult to get a mortgage and if so how much deposit…
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We've bought our first house!
Myself and my partner are first time buyers and today we had an offer accepted on a house we both love! We have saved hard and have a 25% deposit with a good safety net behind us as well, I've been looking online for mortgages and we fancy fixing to give us that element of security in the first few years, we've been…
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Shared Ownership Mortgage - am I missing something?
Help me moneysavers! Can someone check my numbers make sense, as they don't to me! I'm looking at a shared ownership house (i'll make up the numbers for ease) but can't understand the working as they just don't stack up. Total House Value = 200k 50% Buyers Share = 100K Leeds Building society offer a 90% LTV shared…
