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Should I surrender my Pheonix endowment t
Hello. I have a Pheonix endowment, 25years, maturity date 8th Dec 2014. At the moment, the Guaranteed sum assured is £18360 and the total bonuses to date £10260 = £28620 assuming no further growth. Last two years, the new bonuses have been just £71. Monthly premium is £78.20. I called today and was quoted a surrender value…
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Mortgage age related
Had a meeting with LLoyds TSB bank yesterday looking to remortgage to consolidate some debts and make our financial situation easier. We joint own a property with my mother who is named on the deeds and she is on the morgage as name only which the bank insisted on 5 years ago. My father, who passed away recently, is also…
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Mortgage with far away Building society
Hi, sorry if this a daft question but looking to remortgage as my current 2 year tracker is up. Ive been looking at deals and one good one is with Monmothshire BS. However a couple of older guys at work are saying they would stay with the 'big' places or local B societys. Just wondering what you people think of this.…
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No mortgage for 1yr - affect credit rating?
I am looking at going back to my parents for a year to 18mths to pay off debts and save money so I have a bigger deposit for a house. I own my flat and was looking at renting it out. Ideally I would like to sell it now but have been told by a few people that if I don't have a mortgage for that time is it going to affect me…
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Mortgage with a care, shared equity, no deposits and default?!
Its a rather tricky situation so Ill just try cut a long story short. In a position to buy a house off family, 75k. Would need to borrow only 30k as the rest is being "charged". Solicitors Do a contract where if we were to sell the property the bank get what they are owed first, the family 40k and we get whats left etc.…
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faulty mortgage advice Santander - advice please
Hi I hope someone can help. My husband and I have been trying unsuccessfully to sell our house and have finally agreed a part exchange price on a new build. Before paying the reservation fee I contacted Santander who is our current mortgage provider for an agreement in principle and to check they would lend on a 90% ltv on…
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BAnksters HSBC
Slightly long mail but really need help I am a customer of HSBC (hopefully a good and profitable one) for the past 7 years. A few months back I decided to move my mortgage from my existing lender to HSBC and applied for the lifetime tracker mortgage (with the fee of £999). Whilst my application was being processed, I…
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Charge on house after split
Hi, I need some advice if you would be so kind. I bought a house with my ex-partner 18 months ago but we split 8 months afterwards. My ex moved out of the property but at that point we hadn't paid enough of the loan off for our lender to allow me to take the mortgage on myself. However, they advised after 6 months this…
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Mortgage for business to turn to home.
Hello all, I hope someone can help here. I am looking at buying an old school to turn in to a home. The place is currently registered as a business. Does anyone know of anywhere I can get a mortgage for it while it is still a business with view to change the use? I have tried lots of places and no one will even consider…
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Halifax Mortgage Do They Owe Us Money?
Got a letter from Hx saying we've over paid over a few years.... Didnt know! Further down the letter they say they are knocking the overpayment off our total owed. (£5000. overpayment). Can it be paid back in my pocket... where it will find better use? Anyone else had one? Thanks,
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Halifax Mortgages
I had a mortgage approved in April 2011 then the offer on paper in July 2012, then the day before completion they withdrew the offer saying they "found" something on my credit file from a previous address. I checked my files with Experian and Equifax and they show nothing has popped up in the last 8 months all the credit…
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Is it possible to have a separate mortgage on a house to extend?
My partner has a mortgage on her house with no equity, i want to buy 20% of the house by possibly getting my own mortgage on the house, but we want to use the money to 1 extend and get any expensive maintenance done to the property and 2 to pay off a loan of mine is this possible?
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Self employed mortgages
Hi all. Looks like next year I may have to go self employed or ltd company. Problem is we would like to move house next year as well. Whats the chances of a newly self employed person getting a mortgage to buy a £240000 house with a £100000 deposit. My wife makes around 16k a year and we both have excellent credit history.…
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To remortgage or not - Please help.
Hi All, I could really do with some advice. We own a flat which we have never had re-valued since we bought it in 2004. The flats that have sold in our building have been sold around the £150000 mark. We still have £80000 remaining on the mortgage but we have outgrown the place and could do with some extra space. We have…
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Santander Overpayment Pot, HELP!!
Hi, This is my first post, so be gentle! I have a Santander mortgage and some savings currently in various ISA's. I was chatting with a friend the other day and he suggested i pay the savings off my mortgage as it would reduce the interest owed by a large amount. My concern is that if I used my savings to pay off some of…
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Mortgage Options with only 4.5 yrs left
Hi all, Wonder if someone knows what options we may have available to us? We have just had a letter from Halifax to tell us that our 5.79% fixed rate is coming to an end They've said that if we do nothing we'll simply be transferred to their SVR [currently 3.5%] Further on in the letter it says that if we do choose to…
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N Rock Interest Only Mortgage Nightmare! Can anyone advise?
Hi, I am on a mortgage with an ex patner from 2007 on Interest only with an unsecured loan too added to the mortgage and need any advice please.My ex is financially unable to take on the mortage (He tells me!) I do not have any contact with him except by e-mails and have never been to the property since I left in Aug 2007…
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Mortgage in partner's name, My Deposit
Wondering if anyone knows the answer to this. Partner and I are looking at buying a house. She is full time employed on £20k year, im currently unemployed but should have a position within the next 6 months. Looking at purchasing for approx £100k. I have saved up £30k and will be using this as the deposit for the house,…
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Credit ratings... Overdraft vs loans
We want to remortgage next year. However last year I was made redundant and unfortunately fell into my overdraft slightly. I am back in employment now, but have about £2500 in my overdraft. I was considering taking a loan to clear the overdraft as it will take me two years approx at current rate of income vs outgoings to…
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Remortgage
Hi everyone, just looking for a bit of inspiration and a bit of a nudge in the right place. Me 52 & OH 55 years old and want to reduce mortgage term. We currently pay overall about £1132.00 per month over all 3 mortgages and would not really want to pay much more a month than this. Background house valued about £225,000…
