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Mortgages & endowments

Archives for February 2013

interest only mortgage
Hi there hope someone can help in a difficult situation. We have an interest only mortgage which we took out when we moved into our new home 5 years ago. At the time my husband was earning good money but had a bad credit history. Not long after moving my husbands was made redundant and I went back to work part time while…
Advice on "re-mortgaging" with same lender please!
Hi all, We're FTBs who have been trying to get our heads around mortgages for a while now. It's slowly sinking in, but one clear answer I'm struggling to get is on "re-mortgaging" with the same lender. For example: moving in tomorrow on a 90% LVT, overpaying (or at least saving a huge amount extra to avoid repayment…
Will a job change affect a mortgage application?
I'm hoping to apply for my first mortgage in the next few months. I have been with my current employer for 6 years this April. I've been offered a job with another company with a £3k increase on my current salary. Will this change of employer have a negative effect on my application? Will the wage increase be a good thing?…
The Imbecility of the Credit Reference Agencies
This topic could have been placed in credit cards or bank accounts but I've decided to stick it here Who on God's great planet are these credit reference agencies, these Experians/Equifaxes? Who gave them the right to hold sway over our lives? Why is the information they hold on us so often inaccurate, outdated, erroneous?…
Remortgage and double glazing
Does anyone know if upgrading my single glazing to double will have any impact on the forthcoming re-mortgage? Logically the price of the house should go up and should potentially have a better deal. Or is it better spending the money on increasing the deposit. I'm now on 85% deposit, have 3K for double glazing, house…
Mortgage Advice Please
Hi, i've been reading this forum for a few weeks now whilst my partner and I ponder whether to apply for a mortgage. Apologies for those who may be a bit sick of reading the same kind of requests for advice but I understand that each individual case is different to another so I may gain some benefit from asking some…
Is this possible?
Presently own a house. 130k mortgage left. Identical property sold next door for 179k so approx 49k equity. Joint income of 90k per year. No debts. 45k savings. No credit problems. Seen a house we like at 300k. Possibly thinking change the existing house to buy to let (interest only???) and rent out. Purchase new property…
Find a local IFA website?
Can anyone please remind me of the website whereby i can search for local independent IFA's in my area. The particular area of expertise would be mortgages if that helps Thanks F
Halifax Mortgage Overpayment
Hi there, I'm trying to overpay my Halifax mortgage that I took out last year. The terms say that I can overpay up to 10% without any penalties in any rolling 12 month period. I phoned up the Halifax and what the advisor told me is that they basically "look back 12 months from today" to work out what you can overpay. I…
Mortgage advice please
Both hubby and I have excellent credit scoring. Hubby works abroad, not paying UK tax. I am not working. We are struggling to get a BTL mortgage as hubbys wages will not count with him being / working abroad. I personally have two houses. One owned outright (140k) plus another (100k) with 30k mortgage on it but bringing in…
Is 30K deposit enough>
Hi there I'm having this argument with a friend. She has 30K saved up. However, she does'nt believe/know what this gets her in the property market. I know 90% mortgages are rare, but my argument is that she can negotiate quite fiercely with banks because how many people have that kind of money in this climate? She also has…
Missed Sold Life Insurance
Due to separation i have been going through paper work and i have come across a LIFE INSURANCE i am paying for and have been since i took my ENDOWMENT out over 10 years ago. My life insurance is surely the same as my Endowment both paying out on death? At the time i was told i needed to take both out? Does this constitute…
Parent Mortgage bank
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First-time mortgage - to offset or not?
So we're in the fortunate position of outright owning our current house, and have never had a mortgage before, so I'm really not sure where to start, especially in terms of whether to offset or not... Some figures: house value £150k, savings £150k. Both myself and my partner are higher-rate tax payers (just) and currently…
Help! Two rates-thought I'd decided!
Thanks to some v helpful advice here I had decided to leave the Halifax SVR of 3.99% and move to the co op's 3.29% fee free 5 yr fix. I've got an appointment to see a co op adviser tomorrow so was digging out some info to take with me. I found my last mortgage statement only to find I actually have 2 products. I completely…
Are my mortgage payments calculated correctly?
I have a mortgage with a Spanish bank on a Spanish property. (I used to be able to view my schedule of payments and balance online, but the original bank has been taken over by another bank and their online banking doesn't support this). I took the loan out in October 2005 and borrowed 88,000 euros over 25 years. It is a…
Standard Mortgage to Buy to Let
My current lender Norwich and Peterborough part of Yorkshire building society I think gave me permission last August to let my property which I have managed to do. This permission expires August 2013 can anyone tell me what will happen then? The loan to value is very small something like 25% will they just convert it…
nationwide lifetime tracker
im currently on a nationwide lifetime tracker br +0.44% that i took out in march 08. As i understand it i can't make more than £500 a month in overpayments but from march i can pay more. Now for the question, i have an outstanding mortgage of around 60k and a term of 20 years, i have built up enough savings to pay off the…
Thats me stuffed
Ive just got a final value on my endowment, taken out in 1991, so apparently its out of the jurisdiction of the finanancial onbuds.I tried for compensation. It should have made 51k,surrender value today £33,543, matures in june .Well thats a 17 grand kick in the teeth, thanks L and G.:eek: Four payments to go…
To Fix with Santander in advance of June
Hi I am currently on a 5 year fixed rate with santander which is due to end at the beginning of June. They have sent me a letter offering a 2 year fixed rate at 2.99% (£499 booking fee) if I reserve this rate before the 14th of March, to start in June when my current one expires. LTV is 80%, Does anyone know of a cheaper…

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Mortgages & endowments

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