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How do they calculate the growth rate on endowment policies?
Hello, I'm hoping that one of you knowledgable MSE forum people will be able to help me understand my endowment better. This week I received my annual statement of bonus payment on my endowment from The Pru. (It has a shortfall, but I'm dealing with it through overpayments on my mortgage) The letter that came with it…
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FTB with solicitor question + also YorkshireBS question
Hi All Have had an offer accepted on a house Monday, buying with my partner. We are 85 LTV. Have a mortgage in principal with Lloyds however there are better rates available with Yorkshire Building Society + also Nationwide. Meeting with YBS on Friday. Haven’t instructed a solicitor yet but have had 4 quotes, all range…
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im unemployed, can i remortgage?
hi, i have a mortgage free property that i live in at the moment, but want to buy a smallholding with my partner who doesnt live with me and rent out my house. would i be able to get a mortgage or remortgage with just the rent from my house as my income? my property isnt worth a lot about 65,000 and the rent would be about…
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Advise Needed 2% + BR or 5yr fix
Hi, I am currently on c&g rate of 2% above base rate after coming of a fix rate I booked a 5 yr fix with hsbc for £99 5 mths ago at 4.29% but am now seriously wondering if am doing the right thing. I have approx 80,000 to borrow on 160,000 house value with 15 years 4 months term remaining. As the rates still not moved am…
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Porting Mortgage
Hi, We have a mortgage with Santander for £50,000 on a house we bought for £62,000 2 half years ago. We understand the mortgage is portable, I know this is the terms and interest rate etc and that the lender will want to satisfy we meet the lending criteria. We have accepted a offer for £89,000 for our house. My advisor…
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Can I use house as a deposit?
Hi All, I am currently living in my parents old house with my husband, we already own half the house and we want to buy my dad out of the other half (we were left half the house by my late mother). Can we use the half of the house we own as a deposit or would we still need a cash deposit? Thanks in advance!!
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ING Remortgage Requirements
Currently have mortgage with Bank of Scotland and the fixed deal has just come to an end. They delas they have offered me are not at all competitive, and their SVR at 4.84% is high so I think its time to change lenders. ING look to have some attractive deals and appear to have no problem lending us enough acording to their…
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Mortgage - Lack of deposit
Evening, This is probably the stupidest question ever posted on here but I am desperate. Is there anyway of getting on the housing ladder without a deposit?? Any sort of special schemes or anything? Basically my marriage has broke down and I am having to rent a house but I hate the fact that I am paying off somebody elses…
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proof of deposit- help!!!
hi all, we have been approved in principal for a mortgage and just have to provide certain documentation to the bank- such as proof of addess, bank statements, etc all of which are no problem and also proof that we have the deposit we say we have. problem: we dont- yet. i am waiting on the proceeds of a personal injury…
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Morgage Term beyond 65
I am 60 years old my wife is 56 our mortgage will have approx £35000 outstanding when I retire ie another 5 years to run, what would be the best way to cope with this shortfall ? bearing in mind the property value is approx £125000. Would we be able to get an interest only deal till we pop our clogs thus leaving a good…
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Which mortgage is best?
My niece is thinking of remortgaging her flat. She is being offered 4.9% on a 2 year fixed deal with Nationwide but could stay with NRAM for 4.7% variable rate. If interest rates go up the latter one would obviously go up. What should she do? As she needs an 85% mortgage her options are limited.
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Overpayments to interest only?
This may be a really silly question as I have no idea about such things but can you make overpayments to an interest only mortgage? We're around £8000 endowment shortfall in 3 years and have started saving in ISA to repay the difference needed at the time but it suddenley entered my head today that it might be possible to…
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help with buying a house with my dad please
hello. we are looking into buying our council house, my dad is 59 i am 31. when he went to the bank he could only get a 11 year mortgage taking him to 70. this was with the thought only he was buying but now my name is on it does anyone know if we would be bale to get a longer mortgage now i am buying too?
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Late payment
Will a late payment from an unauthorized overdraft which is now 36 months old affect a mortgage application?
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Time to remortgage
Hi folks back again for some more of your great advice, its time to remortgage and was wondering if someone has any of those 7 day deal offers they could supply me with, now ive done some searching and im possibly going to go for one of the 2 following deals but wanted to see what you guys thought and maybe provide an…
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northern roack and hard place
our fixed deal with the above is due to end shortly, wen my now husband purchased the house, he 'overborrowed' about 16k. since i moved in, we have modernised the house and now even with the market, are at equity with what we owe. the mortgage element is 80% ltv and unsecured loan at 25k. moving the mortgage part i dont…
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Mortgage refusal help
Hi, I've just taken a call to tell me my mortgage application has been refused. After a bit of pushing the most information I was able to get was to take a look at my linked addresses on my credit file. I have run the report online and looked at my linked addresses but I can't see anything out of the ordinary? Does anyone…
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New Mortgage
Hi, My girlfriend and I are hoping to buy our first house. We have done the easy bit; getting agreement in principal on a mortgage. But we are meeting them next week to formalise the application. One thing we have just thought of is worrying us now. Basically I have a 1200 pounds overdraft available but I am always…
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Mortgage app - 'marker' on file - what is this?
Hi, Im pretty new here and am really looking for some advice please? just wondering if any of you have come up against this before and what it means i would be very grateful :) My Husband applied for a mortgage today on our dream property. Background is that we took out a new mortgage 3 months ago with the Woolwich as our…
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Remortgaging a mortgage free home
Vaguely aware that we may need some cash shortly (approx £30,000) and wondering if its possible to 'remortgage' our home that is owned outright (value approx £260-£280,000); we are late 40's so a 25 year interest only mortgage would be ideal (we plan to downsize eventually or perhaps switch capital to a lifetime mortgage).…
