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Mortgages & endowments

Archives for October 2010

£30k - pay off mortgage or leave in ISA??
Hi, trying to work through my dilema and getting stuck! Can anyone help please? I have £30k in a Cash ISA - I took advantage of the Newcastle Building Society offer last year and managed to fix it for 3 years at 5%. Therefore it's earning £1500 a year. I'm currently paying 5.62% on my mortgage. Does the Tax Free Benefit of…
can you be a First time buyer if you have ever owned a property? ever??
I've owned properties in the past and thinking of buying another in my sole name. Ive been looking on mortgage sites and the options are 1st time buyer/ moving home/ remortgaging. My parents were classed as first time buyers last year but then they hadn't had a mortgage for about 10 years. Is there a time limit? Has it…
Part residential part commercial mortgage hell. Help?
Hi everyone. Long time reader, first time poster. I hope that someone has some good advice for us. My husband and I had a baby recently, and want to move to somewhere larger. We have plenty of equity in our current house, have a great credit rating, plus savings. We have spotted a property we're keen on and have put an…
Self Assessment online, how do prove income?
Hi, my husband is self employed and we file his tax return online. Any ideas how we get proof if his income?! Many Thanks
after mortgage offer
We have a mortgage offer out now am just waiting for the solicitors to do there bit & should hopefully be called into sign anyday. Just wondered as we have mortgage offer do the bank do any more checks now they have done that ? Would they know if one of us was to say start claiming job seekers allowance?
Repayment v Interest only+ ISA S&S savings
I am looking to take out an interst only mortage as I believe that the reduction in repayments with interest only can be better invested in a stocks and shares ISA (over 20 year mortage term). My theory is that the rate of interest I will get in Emerging markets fund over the next 20 years will see my capital return higher…
endowment clearing mortgage to the penny???
Has anyone ever heard of an endowment maturing and clearing mortgage to the absolute penny? Reason I ask is October 2008 my parents endowment matured, about 3-4 months prior to this the endowment company wrote asking if payment was to be made to the same lender with a projection of 21284. My parents called them and…
6 years left on mortgage but bad credit rating
1. Was looking forward to being mortgage free well before retirement age 2.Been refused £150 overdraft by the bank I have been with approx 20 years - wage paid in all this time - mortgage with them - household insurance with them 3.No other loans/ credit cards/ store cards. Most puzzling, my credit report I have obtained…
2 mortgage question
Looking for some advice please guys so heres where im at, id like to move to a bigger place with the g/f, currently have a mortgage in my own name with about 70k outstanding with the house valued at 135k, this is fixed with nationwide and i can port this to a new house and nationwide say i can have another mortgage with my…
Mortgage valuation report much higher than estate agents estimate!
Approximately 5 years ago a good friend and I bought a house together to simply get on the property ladder. We got a 100% mortgage for £116,000 and the outsatanding balance on this is approx. £107,000 today. As I am now engaged my friend offered to buy me out of the property, so we got three valuations from different…
Hsbc
We are about to apply for an HSBC mortgage. We have been advised to send on what proof of income we have, and send the remaining stuff e.g. pension projections and a missing wage slip asap. This will take a few days? How long will the process be? We have been offered an amount in principle and we are asking to borrow less…
Concerned about broker advice
I am worried about the quality of the advice that has been given to me and my partner by an IFA and would appreciate some feedback. The situation is that we both have houses and wish to move in together. My property does not have a mortgage although my partners does and we came up with an idea that in order to make the…
left to pay
Hi, My ex left me to pay our joint mortgage, he hasn't paid for over a year now and I have credit card and other debts to pay too. money is very tight and I dont have any disposable income at all. What can i do?
Query about having 2 mortgages
Hi I currently own a house by myself I have about 4yrs left on a 5yr fixed rate deal with Woolwich £104K - now at around £100K. I am looking to move to a new house that I wish to buy with my other half and would be looking to get a new mortgage of around £170K. The property we might be looking at is about 200-210K and we…
mortage and endowments finish dates not the same
I have 2 endowments due to mature next year. One is against a secured personal loan and the other is to pay the main mortgage. I know that they may both be a bit short, but I have now discovered that the secured loan finishes end Jan 2011, but the endowment matures in July!! The main mortgage finishes beginning May, but…
Endowment Mortgage - Too late to claim?
Hi Worried sick because I have stupidly ignored warning letters for several years about our endowment mortgage not doing well enough - it has just under 2 years to run and there's a shortfall of nearly five thousand pounds. My only excuse is stress because of two close members of my famiy being killed in separate accidents…
Advice re Early Repayment please
Hi I would really value your advice guys as I feel responsible for our current mortgage tie in. We had a £222K mortgage in Jan 2010 and signed to a 7 year fixed at 4.99% with 19 years 9 months term to go. At the time, we wanted to know what we were paying £1480 per month and it seemed sensible - at the time! I know very…
buy to let mortgage?
are they different from a normal one? I live in a rented house that we get cheap for the area. I can not afford to buy in the area but will not move due to the childrens schooling. We are considering buying a house in a cheaper area to rent out.
Slowly loosing patience!
Me and my partner are first time buyers. We have reserved a new build and applied for a mortgage with Abbey at the beginning of September - our info was faxed through and the valuer went out. The house we are buying was undervalued by £24k even though the house next door was valued by the same company at the asking price…
Sub prime mortgages reintroduced for people with poor credit history
Will this help the housing market and will this lead to other sub prime lenders coming back on the scene? http://www.guardian.co.uk/money/2010/oct/29/sub-prime-mortgages-return

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Mortgages & endowments

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