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Mortgages & endowments

Archives for September 2011

mortgage and home insurance
having just exchanged, i set about getting building and contents insurance. I went through sainsburys ( good cash back and a £30 voucher) making it about £120 total. Buildings cover is for the total rebuild cost and contents for £39k. Now the mortgage company wanted it insured for £190k and the solicitor wants…
Overpayment query
Hey all, I have never overpaid on my mortgage (i know!) and having read these boards, i feel i need to start doing so. But could someone help with some figures for me please? We currently have 1 x mortgage with A&L with 2 x sub accounts. Part 2 is a very good rate, but part 1 is: I would like to make overpayments with this…
Legal fees on a house? Please help
Put an offer in today on a house!! First time buyers and we are very excited/worried etc! We are applying for 95% mortgage when offer is accepted (hopefully with some negotiation although property new on market) We have put aside £3k to pay for solicitors (although estate agent has an offer of free legal fees?), valuation,…
separating and mortgage
I currently own my house with my husband but we have been separated for 18 months - he rents a flat nearby. I have been paying the motgage since he left with just a few difficulties in making payments last year. I want to remove his name from the mortgage and he has stated that he does not want anything from the house.…
How close to the end?
Found out today due to a phonecall to Northern Rock that the valuation has come back fine. Its with the under writers now. What else could possibly go wrong?
separating and mortgage
I currently own my house with my husband but we have been separated for 18 months - he rents a flat nearby. I have been paying the motgage since he left with just a few difficulties in making payments last year. I want to remove his name from the mortgage and he has stated that he does not want anything from the house.…
Endowment shortfall
I am desperately worried because my endowments have a shortfall of around £15000 on a £120000 mortgage. About £40K of this is on repayment mortgage. The mortgage has only 2 years to run. I see that their is a form of guarantee with Norwich Union (now Aviva) 'if the funds are available' at Aviva. What is this guarantee…
Endowment shortfall idea.
I have an endowment that matures in 4 years that needed to earn £34,000 towards paying off my mortgage, I have been informed by the endowment provider that there will be a short fall of around £16,000, I have been offered £18,500 from an endowment buying company. The current surrender value from the endowment provider is…
90% ltv with post office
just wanted to say that we sold our house and offered on a new house within the last few weeks. On Tuesday this week we applied with the post office for a 90% ltv online..Wed received letter stating they need 3 months payslips from hubby and i, plus my P60, returned this to them thursday and just received our offer…
Mortgage & tax credits
I know its a crystal ball type question but i'd appreciate your opinions. I earn 16300pa, my wife earns 11500pa. We have 2 kids 1 is in nursery the other is looked after by my mum. In 4 years we have saved approx 37k using all the advice this site gives. We have 5k saved for solicitors etc and we have furniture and some…
Transfer Mortgage to Sibling
Hi, I am a newbie hoping you can help. I am currently tied in a joint mortgage with my brother. We bought a property together in 2005. We were both single at the time and are now married. I am renting privately with my husband, and my brother and his wife are living at the property I jointly own with him. I don't pay…
Do you have to have life insurance for a Mortgage
Hi all Can some one tell me if when you take a mortage the lender can insist that you have to take out life insurance to basically pay off the house or is this optional ?
Mortgage Help!
Hi people! Some help greatly needed. I'm a first time buyer. Value of property is £350,000 Deposit amount is £100,000 So mortgage needed for £250,000 So the LTV is about 71%. I want a term time of 15 years. Would you suggest a fixed deal or tracker? Thanks for your help.
When things go wrong with an IFA
Hello Guys I have just had my mortgage offer come through which is good however i had some issues with the IFA in the process. In the end i had to contact the mortgage company on my own to check on the status of the mortgage. Of course the IFA's office was saying it was not issued but the mortgage company confirmed that it…
Mortgage stress
Can someone please put my mind at rest? Is a valuation only done on a property when the mortgage lender is happy with all the other checks they've done? We've had a right nightmare! We applied together for a joint mortgage but got turned down and the valuation was cancelled at the last minute because of something they…
Mortgage for over 70's
Hi I'm trying to get a £10,000 mortgage for my auntie who owns her property but has no current mortgage. Method of repayment will be Interest Only. Can anyone advise on a lender that is willing to lend to someone in their 70's? Cheers:beer: Sricho
Northern Rock decline on poor credit score excuse
We have just found out (after a week of waiting for an AIP) that Northern Rock have declined us on credit score. We both have scores over 990 and are in the Excellent catagory. Any suggestions to why they have made this conclusion? Our broker says a decline on credit score means no appeal. We are trying to buy a new build…
First Active -consent to let?
Anyone had any experience of getting consent to let with a First Active residential mortgage? Just wondering if anyone knew their terms in this situation? Thanks for any help!
applying for HSBC tracker - with consent to let - will us be approved?
We're applying for HSBC life time tracker on a property we're buying( which will be our main residency ). We'll let out our current property, and we've already got consent to let from Natwest. We've heard from our mortgage advisor that it's very difficult to apply for HSBC's tracker, especially that we've the potential…
Buy to Let as a Limited Company... Any Advice?
Hi, I have been looking at a few buy-to-let propertys near to where I stay as they are relatively "cheap" 2 and 3 bedroom flats, some need a little work, others, I wouldnt attempt. I know a few people in the buy-to-let game but only have one or two properties and just use the profit as a steady income along with thier own…

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Mortgages & endowments

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