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Waiver of Premium on Endowment - Standard Life have stopped paying!
Hello I hope you wise people on here have some advice on what I should do next. I took out a low cost endowment in 1998, a couple of years later my partner had a terrible accident at work. Standard life then started paying the premiums (about £100 per month). A couple of years on my partner and I moved abroad for his…
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Equity but can't get a mortage! HELP!
Hi all, am having a bit of bother obtaining a mortgage so thought I would as you guys here to see if I can get some new insight on my predicament. I recently inherited a house. My mother passed away 7 months ago and all that was in her estate was her much unloved property which has been valued at approx £350,000. It needs…
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Clear debts before applying or apply with debts?
Hi – I’ve asked a similar question to this before but as its now only a few months until I start the ball rolling I wanted to get something clarified in my head. Basically I owe around £20000 on x2 credit cards and x2 loans (unsecured). I have lived in my property for 10 years and have built up around £50000 equity. The…
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Nationwide Porting
Hi all, I'm looking for any advice available. I currently have a nationwide mortgage and pay 2.5% var on my current mortgage of a remaining £130k. I'm looking to move home and take on a mortgage of £170k, would i be better 'porting' my current mortgage then looking for the outstanding on a seperate or taking on a whole new…
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the Nottingham
hello all, been a lurker on here for many a long day, now time to post. fixed rate deal now coming to end with the Nottingham, booked an appointment to see advisor in branch on saturday. turns out now that the in branch advisor can not advise on products anymore? or indeed do anything. so we sat there on the phone with her…
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First Time Morgage split question
Mortgage help. Hi, I wondered if you would be able to help – my girlfriend and are applying for a 95% Nationwide mortgage – we have the deposit saved but just waiting for the 6 months to pass so we can apply – should be June She has banked with them for sometime and also has a superb credit rating so she will be the main…
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Help me understand end of deal mortgage options
Currently: Value of House £230-240k 2007 set a 5 year fix at 5.44% on £100k, £613/month Product ends April: Reverts to BMR 2.5%, £474/month Question 1. If I stay on BMR (£613-474 = £139 saving) Is the same interest and capital paid as before at £474/month? Could potentially save £139 in an ISA for overpayment or help…
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Changing from repayment to buy to let, advice needed.
Hello all, I need some advice. I have a £70k mortgage on a two bed flat that is currently valued at about £130k. My husband passed away 2 years ago and I am still struggling to pay off the debts and keep up with the mortgage (no - death was not covered in the mortgage insurance). I am now considering selling the flat,…
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Mortage advice , bad credit histiory and struggling to get approved
I previously had around £8k of unsettled debts which have now been cleared and payed off for around 18 months. The only money we now owe is around £700 on a credit card which is our car insurance as it was cheaper to pay this way than paying the company directly , we pay off a set amount each month. Both me and my girl…
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how does signing an occupancy form affect the future?
I married last year, my new husband is purchasing a house in his name, I have just been asked to sign an occupancy form... The mortgage will be in his name only.... I cannot get a mortgage as I am an ex bankrupt... How does this affect me in the future? If he dies am I homeless? Also, if we were to divorce does this mean I…
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Joint Mortgage, One Bad Credit. Help needed
I am completely new to this and may waffle on a bit but please bear with me. My wife and I are looking to buy a place of our own having rented now for over 12years and expecting another baby and our two bed flat will no longer accomodate us as from October this year. We both earn well and have sustained our jobs/careers…
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Halifax mortgage
We did our mortgage application over the phone on thursday with halifax,an adviser phoned friday afternoon and said she was from the processing team and she is dealing with our application,she said she had gone through it and had checked our previous address and everything is fine they just need to get the property…
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Turned down for mortgage by Firstdirect
Hi all This is my first post on MSE, I have banked with FD for the past 13 years and have never been overdrawn and have a healthy savings account. I have a 60% deposit for the house I am buying and am full time employed - have been with the same company for the past 5 years. I only require £80,000 mortgage, and own a flat…
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Remortgage advice please
Hi First time poster so apologies if I am posting in the wrong place:D I have a £122000 mortgage with Lloyds TSB which has 12 years to run at 2.5% APR. Due to financial difficulties a couple of years ago it has been repaid as an interest only mortgage at £620 per month instead of approx £1300. I retired from the fire…
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Mortgage Terms 25 years to 20 years back to 25 years
Do many people do this? I am currently coming to the end of a 5 year product on a 25 year mortgage. So in theory would carry on at 20 years. However do many people go with a new product and choose 25 years again? Obviously false economy in the short term, but wandered if people do this, either to free up some cash flow…
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Mortgage Providers - are their online products fixed?
I'm coming to the end of our 5 year fixed with Nationwide. Going to find out what the SVR is, but also looking what 5 year fix rates there are. On a Value £300k, £150k mortgage, 20 years Nationwide has a: 5 yr, 3.89%, 3.99% SMR, fee £999, monthly £900 Brittania 5yr, 3.39%, 4.24% SVR, fee £999, monthly £861 Would the…
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BTL deal from BOI - can I trust it?
My buy-to-let (BTL) mortgage currently with Bank of Ireland (BOI) is 5.95% fixed to 01/09/2014. BOI has recently sent a letter offering the opportunity to switch to a lower fixed interest rate: * 3.49% 3 year fixed to 31/03/2015, or * 4.99% 5 year fixed to 31/03/2017 If I switch there are the following benefits: * no legal…
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remortgage/new mortgage???
We currently own our house outright, thanks to wonderful parents. However we have an outstanding debt of £12500 which is currently split on 0% credit cards which we try to pay off at a total of £1000 a month. We are considering a small mortgage in order to pay of the debt rather than a personal loan due to low apr at…
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Unitised with profit Terminal Bonus
My unitised with profit endowment with Friends Life Co Ltd matures in a year. I just received an early surrender value for now, which includes a figure for a Terminal Bonus. I always thought you were penalised by a reduction in the Terminal Bonus if you surrendered early. Will the Terminal Bonus figure they've quoted just…
