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Mortgages & endowments

Archives for January 2011

Need to raise £45K
I Need to raise £35K I own my home outright (worth approximately £250,000) and would like to know the best way to raise £35K. For the first 2 years I could pay back approximately £250.00 per month and thereafter £650 a month, so would not want to be tied to an early repayment charge. I would appreciate any advice. Many…
Fixed rated ending, due to arrears can't remortgage Help please
Hi we are with Santander, and have mortgage arrears set by the judge at court at £50 a month on top of our mortgage. We are meeting the payments and have no problems with it. The trouble is our mortgage fixed rate ends in June and they will not obvioulsy remortgage and said we have to go on variable till arrears are…
endowment liable for tax?
my partner's terrible endowment policy has just matured, and they say that because she was unable to increase the payments, that the policy will be taxable ? any ideas, she's earning just over 40% threshold, and this payment is about 15k... also on her self assesment last year we recorded a loss on her buytolet, would we…
Offered 95% remortgage, is this deal good?
Hi, ive been offered a 95% remortgage-was 90% when i brought it last year on a 5.49 variable, and the new rate is 5.69 fixed for 3 or 5 years with no fees, so not alot of difference, is this a good deal?? New to all this morgage stuff so just want other opinions! Thanks!
consent to let and mortgage
Forgive me if this is in the wrong place, but new to all this! My husband has been posted abroad with his job and we are all going with him - for 5 years. We cannot sell the house as it is not the right time, and nor do we want to as we will need something to come back to. Therefore we need to rent out the house to cover…
Is this just Santander being too carefull
Hi, Looking for a little advice. I have a Mortage with Santander with an outstanding balance of £99,000.00 which is locked into a deal until march 2013. My house was valued at 209,000.00 2 weeks ago. Our plan was to sell our home and move to a house that is slightly more expensive (about 249,000.00) so I rang Santander…
fixed rate ending, what to do.
i have a 2 year fixed rate that ends in a couple of weeks. i've had a letter from my lender saying what my new payments will be, and providing interest rates stay the same i'll be around £25 a month better off. but there are a couple of things i'm unsure of should i decide to go for a new fixed rate 1- do i just go back to…
Separating from partner - temporarily changing repayment to interest only
My ex partner and separated late last year I are looking for a way that I can live with our 2 children in the home we jointly own. The only way I can think is if as a temporary measure (I don't how temporary, temporary would be mind you!) we could change from repayment to interest only. Does anyone know how amenable…
paying rent help with getting mortgage?
Hi, I just wanted to ask a quick question; I have been paying my private landlord rent of £400 every month for the last 3 years, and in the long term am hoping to buy my own place. I was wondering if the fact that I have paid rent without fail will help banks to look favourably on the fact that I can afford a mortgage, and…
HSBC Tracker no fees
Hi, bit green on this so would appreicate advice. Like the look of HSBC 1.79% tracker with no fees and no early repayment charge. At the moment it would be 2.29% and assuming interest rates went up 0.5 - 1.0 % over the next year would still represent decent value. If it went up markedly am I right in thinking I can just…
Mortgage Pre-Approval Question
If I have had 2 months of mortgage arrears within the span of 1 year will I be penalized come renewal time? It is a 2 year fixed term mortgage. The term ends August 2011 and is pre-approved in June. I cannot get a straight answer from any where! I called NatWest... put on hold for 30 minutes... then through to another…
possible to get second mortgage? not BTL
Hi Does anyone know if I should be able to take out a second mortgage for a property which I don't intend to let? and if so any tips on lenders? To be more specific, my situation is I joint own (50/50) a flat with a friend, propery value ~£340000, total mortgage outstanding ~£180000, still need to live in this flat several…
Where next?
Please help just coming out of a Brittannia 3 yr fix onto SVR of 4.2%, owe £86000 against £300000 property and 22yrs left, was going to commit to FD 5 yr fix @3.89% as only one wage coming in but now not so sure. Paid the £99 just in case to hold the rate but now not sure what to do? Any advice was be very much appreciated…
4 years on.... Very little repaid ??!!
Hi, We are first time buyers, and got a repayment mortgage 4 years ago at a fixed interest rate of 5%. The yearly statements are very confusing for one, but what really worries me is that it seems that despite the fact that we repay a lot of money every month, AND brought forward some 35 grand deposit to start with, we…
Advice on additional borrowing
We have £280k equity in our house which is currently valued at £480k. 18 years left on the mortgage. We are looking to borrow £40k to do some work to the garden and house and buy a new car. We have 3 kids at uni for the next four years between them costing us a huge amount of money each month. Once the next 4 years years…
Mortgage for discharged bankrupt.
Hello all, I'm looking to buy my ex-council house (now housing !!!. with protected RTB) I will receive approx 25% discount, which willl count as my deposit (hopefully!). BUT....I have an unsavoury credit history, now many years ago. All that show are a settled current acct (no defaults) and my car finance (no defaults) and…
Joint Tenancy
I wish to 'convert' my sole ownership of the house my wife and I share into a Joint Tenancy. I would like to know the Notice /document that requires to be filed with the Land Registry. Most sites on the internet just discuss "Severance of Joint Tenancy'. Any help would be appreciated.
Deed of gift
I am proposiing to gift to my daughter £15,000 to help with the purchase of a property but her solicitor is stating that she will have to take out an indemnity insurance (at a cost of over £450 including fees) even though I have provided a leeter confirming that the gift is unconditional. The mortgage company have stated…
Alliance & Leicester mortgage dropping to 0.99% above base rate
Hi there, On 23rd March my A & L mortgage drops from 4.74% to 0.99% above the base rate. It's in my mortgage contact. What is don't understand is the redemption penalty. Currently within my 5 year period, if I leave, it's an £11,000 redemption penalty. If I let my mortgage roll on and take advantage of the new rate, will…
Kensington Harrassment
I hope there is someone out there who can advise me on this... My mortgage is with Kensington and there was a re-possession order on my house due to my ex husband going bankrupt, however, I managed to pay the arrears and have paid the mortgage repayments every month on the dot ever since... My payment goes out around the…

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