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Mortgages & endowments
Archives for September 2013
Discussion List
Mortgage payment formula for annual interest?
Santander (as an example) say that their mortgage rates are on the basis of annual interest calculation rather than daily or monthly. What is the formula for the mortgage repayment amount when interest is calculated annually? The assumptions of the standard formula are not valid in this case, I think (i.e. if that formula…
Do mortgage offers have a time limit?
Hi all, I'm buying a flat that needs a lease extension. The aim is for the seller to set the wheels in motion, and then for the extension to happen between exchange and completion, paid for by me. I'm applying for a mortgage with Abbey through London and country, and am only at the initial application stage at the moment,…
Remortgaging
Hi there, I am after some advise please, i have just come to the end of a fixed term mortgage with Lloyd and i am now on there variable rate, i am looking to remortgage and also increase my mortgage, bearing in mind i am 53yrs of age can anyone advise or recommend any products or companies that are in the market place that…
NRam Mortgage & getting medically discharged from Forces
Hi there i want to have a rough idea where i stand with regards to my NRam mortgage as i'm currently getting medically discharged from the Forces. What would happen if i could no longer make my mortgage payments due to my injury & subsequently not find work? Regards
What to do: Overpayments or not?
Hello, I'm hoping for some advice... We bought our first house in August 2008, so our house obviously lost value from the day we bought it. We've been in the fortunate situation where our earnings have increase over that period, and we're almost there with the amount we'd need to put down on a larger property (15%). So,…
How much deposit would I need for a 2nd mortgage?
Hi All I currently own a flat, which I am now renting for £850 a month with profit around £250 a month after bills, tax etc. The property is worth £130k, with around £62k of equity in the property. I'm now currently living with my parents and looking to save up to buy a new place in London to live in with property prices…
How many years back?
How many years back do the Halifax check your credit file when making a "hard search" and how many on a "soft search"?
Mortgage Insurance (Death / Permanantly not able work)
Hi, I am planning on buying a property asap. I will need to finance 50% by mortgage and the rest by my savings (plan is to pay off within 15years & before i turn 60). I will have living at the property with me my Brother & Mother (There are no other people involved [I am Not married (single) & I do not have any children].…
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