Mortgages & endowments

Discussion List

• Loan Interest

  Hi All I am new to this forum so sorry if I mess this up, but here goes. I have an endowment policy which in 1996 I had taken a loan of £4k against the policy.I had not paid any interest on it ,as I thought I would let it roll on and I would pay it off when the policy matured, which is in 2013. Recently I had a letter from…

• What have I missed?

  Ok, as I have said in previous posts I was waiting to har on a property- finally all agreed and looking at mortgages. Our FA cannot beat the Post Office 2 yr fixed at 3.84.... yet EA adviser reckons he can beat it. Waiting for him to get back to us but ave searched the web and cant see anything better?? Have I missed a…

• On fixed-term contract but would like a mortgage: is it possible?

  Hello, My husband and I would like to buy our first home. Unfortunately, we are both on fixed-term contracts (until July 2012). We believe we have a good credit score (even though we have not checked this lately) as we have not missed any payments etc., our annual salaries (together) are around £60,000 and we have a…

• FTB advice please...

  My GF is hoping to get a guarantor mortgage with her father throught the Co-op bank. Having been through everything with them it sounds ideal and my GF and her Dad are really pleased with the terms and rates etc. The one thing we are confused with is the fact that they have said they won't put anything through until she…

• Please help MSE test updated Ultimate Mortgage Calculator!

  Please see this thread for details: https://forums.moneysavingexpert.com/discussion/comment/37326332#Comment_37326332 (PS. please reply there not here) Thanks!

• Does anyone know what this means

  Am tracking my mortgage & it states this could you advise what it means ? Contents Application received - submit to CAIS

• Switching to Interest Only for a fixed period

  Hi, I've currently got a mortgage with Santander, fixed rate (currently 4.2%) with a year left. At the moment my wife and I are struggling due to a loss in income (my wife's hours have been cut and my overtime has been stopped due to the company going through redundancies) It's likely that my wife will get her hours back…

• Buy to let

  Hope some body can help here Our current property is paid for but we cannot sell and have seen a house we want the offer has been accepted so we are getting a buy to let on our old house to use a deposit on the new then rent out the old house. Our solicitors has said she will need to do searches on our current property…

• Offer of offsetting

  Hi all I currently am on a SVR of 2.5% with my mortgage provider. They have written to me offering to offset the mortgage against any savings I wish to deposit with them (savings however will not earn any interest as it is being used to save interest elsewhere). My (limited) financial savvy says (and this is where i need…

• Debit interest confusion

  Hi, I have a variable tracker mortgage where I can overpay as much as I like each month. This was the first month I overpaid, by £1,500. This obviously shows in my account as -£1,500 from my mortgage...but 13 days later it states 'debit interest' and has added 811.93 back on to my total to pay. What is this and where has…

• RBS mortage application accepted- overdraft on my statements

  Hi I have had my mortgage application with RBS accepted and passed the credit check (the search shows on equifax but not experian). as part of the application i explained the large number and high value of my personel debt and how this would be paid down on completion of the sale of my house. they were happy with this. I…

• Mortgage Arrears

  We have been in rented accom. for three years and haven't missed any payments. Prior to that we owned our own home but had trouble with the mortgage and were in arrears off and on over several years until we sold the house. If we tried to buy again sometime this year would our past record be visible to potential lenders? I…

• FTB Fixed or Tracker dillema

  Hi Everyone :beer: I'm having a bit of a dillema - I keep going back and forward as to what to do. Me and my partner are both FTBs and we've had an offer on a house accepted. We're trying to decide what we should go for - we've got an 85% LTV and we've found two mortgages. The first is a five year fixed rate which has an…

• Versatile Endowment Policy

  Hi After some advice, took out a versatile endowment policy in 1990 for £30 per month, guy came to my work place, and said this was a good way of saving for my child's future, he said for a monthly premium of £30 I should get no less than £27k over 20 years, actually said it would be around £30k 20 years are up shortly and…

• First Time Buyer - Deposit & Fees

  Hi I am new to this forum so apologies if this has already been discussed. I am currently looking to buy a house for £100,000. It needs a bit of work, nothing major just cosmetic. I wanted to borrow £110,000 to account for the additional work so I am assuming I will need a minimum of £11000 for a deposit. What other fees…

• To re-mortgage or stay put?

  Hello all, our 5 year fixed rate (4.9%) with Nationwide is set to expire in December. I have been advised if we stay put and just allow the mortgage to fall onto the tracker rate it will fall to 2.5% this is with around £85k of mortgage left to pay. Am I likely to get much of a better deal if I shop around else where, are…

• First time buyer 10% deposit in need of lender HELP!

  I have been declined a mortgage by one bank and as a first time buyer with a strong credit rating and a stable job earning a good salary with little debt im not sure what to do? Is there any advise on whats best as im told 90% mortgages are very difficult to get hold of by my broker. Not sure what to do next

• Shared Ownership Advice

  Hi, I have a 50% shared ownership property I took on approx 3 years ago, I now want a bigger property but am not sure how to go about it. I do not have a deposit and the property I have now does not have any equity, does anyone know of any companies who specialise in this or am i stuck. Thanks

• Mortgage Holiday conditions

  Please can you inform me if:-- The Halifax plc can alter the conditions of my original mortgage offer of 2009 I took out a mortgage in 2009 and on the documentation of " Information about your Mortgage " and Mortgage Conditions it says that a payment holiday is available up to 6 months if account not more than one month in…

• Swift Advances repossession

  In April this year my home was repossessed by Swift Advances. Before i go on i should say that they were pretty patient and in the end there was no alternative, i accept that. However, my problem is the amount i was charged in interest and charges for selling the house. Before the repossession i tried to get Swift to allow…