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Phonecall from EMC re Endowment mis-selling
Someone out the blue rang me today from EMC www.expconnect.net about my endowment. No idea how they got my number. The chap reckons they have 90% success in compensation claims for mis-selling. If they are successful with the claim they get 35% + vat of it which seems steep to me. My endowment was set up round about…
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Endowment shortfall - no communication from bank
Urgent help/advice needed! Our endowment is with Barclays. Mortgage about to finish in August. Heard nothing from bank since 1995. They now say they did not have our new address and they have marked their records as "gone away". We now have a shortfall of £16000 (28%). We moved to this address in 1992 and have paperwork…
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Buy to let Mortgage 75%LTV
Hi, After a bit of advice here hopfully, We are now going down the road of a BTL mortgage as we can't sell our own property at the moment and move in to our new home in 7 weeks. We are looking to rent our home out for the next year or two pending on the rates and costs involved. Our home is valued at £220,000 and the loan…
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short term mortgages, do they exist in UK?
Hi all, Do lenders offer shorter term mortgages in the UK, such as 10 or 15 years? I'm due to remortgage soon and wondered if i could look into doing this rather than mucking about with early repayments on a 25 year mortgage? Looking briefly on google it seems the only hits i get are for american and french mortgages, all…
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Britannia Mortgages- First time buyer
I have had an offer accepted for a property (purchase price £90k of house valued at £100k), so now need to get finance in place. I previously spoke to my IFA and was told I would have no problem with mortgage availabilty. That was about 8/10 weeks ago, and the best I was quoted was an Abbey 2 year tracker (4.49 above BoE).…
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Moving Home with Shared Ownership
I understand there are a few options? Like sell the property back to the HA, or sell privately etc. But realistically, it's going to be quite a jump buying a larger house if the 50% share also goes up to 100%!
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Second mortgage with second charge??
Hi We have a mortgage with 11 years to pay off and want to keep the house with this elsewhere in the country - the market there is tired but the repayments tie in with our son going to uni in 11 yrs time:) We have relocated and though we have tenants in our property in East Mids we pay a hefty rental for current place in…
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buy to let fixed coming to an end.
i just got home having being worrying about the SVR for the property. i had a letter from Mortgage Express and it say my new repayment on an interest only will be at 2.25% which is great, in monetary terms my payments will be dropping from £730 to now £270 starting next month. i am hoping to sit in SVR for the time being…
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Please Help. Joint Mortgage and Splitting up
Hi I really need some advise on the following. Myself and my ex boyfriend bought a flat together in 2007. Unfortunately in April 2009 we split up. He moved out of the flat which was his desicion and for the first 6 months I paid the mortgage and all charges by myself. In September of 2009 he forced me to move out of the…
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Alliance & Leicester Mortgage - For a laugh!
Right before I start... I have been stupid in the past and I know my problems are my own doing so please save the snidey comments... I have a mortgage of £63,000 (plus a secured loan) so my mortgage payments are currently £337 a month. Been with the A&L for 5 yrs, never missed a payment, never really bothered annoying…
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Is my IFA showing me the best deals?
First off thanks for all the help in this forum, it makes life so much easier for FTBs. My partner and I have been to see an IFA who was recommended to us. They say they are whole market. We are looking to set up a mortgage in principal so we can start making offers. We will have a 25% deposit with some family assistance,…
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Is this a good deal?
My current mortgage reverts to the lenders SVR in October and the best new deal they can offer me is 3.49% above base rate. I will be looking to borrow £52k with a LTV of about 50%. I have looked on the ING website and they can offer .9% off their SVR of 3.5% (hence 2.6%) for two years without any fee. I cannot seem to…
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Dynamic capital overpayments...??
Hi everyone - my first post, so here goes. Having been a long-time Nationwide (and prior to that Anglia!) customer, I was hoping to see my deals out with the same company however when trying to make a capital repayment on an Interest-only mortgage account over the internet recently, I couldn't understand why depsite having…
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Deed of postphonement who can charge it?
Please do not judge me for what i am going to say i have asked both parties and they both contradict each other. We are looking to remortgage with our current providers Britannia. Original mortgage £77000 plus an additional lending of £10000. We currently are also paying a loan from First Plus secured on our property for…
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Remortgage and Credit Checks
I applied for a Nationwide remortgage online last week which all appeared to be going through ok, however, have today received a call to say the application has now been declined. They say the reason for this is that when they ran the initial credit check, they did not use my middle name. On receipt of my ID, they ran a…
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When is a product not a product?
My mortgage terms and conditions say that the product is portable. I now need to port my mortgage but I'm told it can't be done as it is now no longer a "product". The terms and conditions do not describe what the company mean by "product". Their advisor tells me that when the special rate ends and I transferred…
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Mortgage for second property
Hi all, My wife and I live in a property worth circa £250k. Secured on that property is a mortgage that currently stands at around £70k. We are considering the purchase, jointly with brother-in-law and his wife, of a second property (a holiday cottage for use at the weekends). My query concerns arranging a mortgage for…
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Remortgaging and House Value
Hi all Currently looking at remortgaging our house in September as the redemption penalties drop to under 1% as enter our final year of a 5 year fixed. Currently we have a mortgage of 152k and are paying 5.4% which roughly works out around £916 a month. Rather than waiting until end of Sept 2011 when we would have zero…
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Remortgaging under shared Ownership scheme
Hi, Our fixed 5yr term at 4.49% is coming to an end soon and I staring to think about remortgaging. A complication to this is that we only own 76% of the propery and another organistaion owns the remaining 24% under a shared ownership scheme (acts effectivey as a deposit to be paid back when property is sold). I was…
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Declined due to work contact details?!
I have recently applied for a fairly small first direct mortgage of £57,000. This was to be repaid at a rate of around £375 per month for 15 years. I am on a £28,000 salary. I also technically still own a very small Ltd design company. However, the application was not made taking this into account at all. However, the…
