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Standard Life Endowment Matured
My endowment with Standard Life has paid out today !!!! Lowcost plan, £63 p/mth over 25yrs, Sum Assured £52,000 (but Red Alert for many years), Actual payout a touch under £39,000. I am not sure of the breakdown yet due to no paperwork but it was eligible for the MYSTERY Mortgage Endowment Promise. The last time I checked…
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HSBC switching mortgage online
Hi, I was wondering if anyone had any experience with switching from one HSBC mortgage to another using their online service? I have a few questions... How long does it take from pressing the 'apply' button to getting on to the new rate? Do they send things out in the post to be signed, or is it all done online? When do…
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Residential, borrowing more and a buy to let
Hi, I wonder if anyone could help me. I have asked a broker and have been told that I am a lost cause due to too many extenuating circumstances. I am look to mortgage our house,valued at £325k with a mortgage of £171k. I'd also like to borrow an extra 20k (as close to this £ as possible, for some home improvements. We have…
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Looking for a mortgage, a lot of equity/deposit but struggling on affordability???
Hi everyone, I'm hoping to pick your helpful brains and see if you have any ideas We currently have a 28k mortgage on a house worth £270k so approx £240k equity We are looking at moving and spending £300-350k on a new home but we struggling to get a very good mortgage in principle as currently our income is relatively low…
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Joint mortgage with Ex husband- how much does he need to know?
Hi, I still have a joint mortgage with my ex husband (he's named only and not making any payments). I've recently lost my job and am in arrears. I've spoken to my mortgage company and advised that I'll soon be awarded benefits and they agreed that once I'm in receipt they can set up a payment plan. Problem is, mortgage…
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Remortage Problem, Im 54 and wifes 70.
Hi All, I'm looking to raise some money for house improvements. Our property is currently worth £500k and the equity we have is currently £400k. Looking to borrow an additional £100k so will take total mortgage debt to £200k. I was hoping to add my son to the mortgage and take the term a little longer although with a 10yr…
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mortgage advise needed
I currently have 2 mortgages, one is with NatWest which is for the house I live in and the other is with Leeds building society which I let and have been doing so for around 5 years. I gained consent to let from the start with Leeds BS and I am on there SVR rate plus 1% extra for the consent to let which in total is 6.69%.…
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Add cash at remortgage time or overpay now to reach lower LTV band?
I am planning to remortgage at the end of September when our current deal runs out. If I wanted to access deals at a lower LTV band, is it straightforward to add cash at remortgage time or would it be simpler to make overpayments to my current mortgage now in anticipation?
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Mortgage Broker Career
Hi Guys, I know this gets posted all the time so sorry for this. I have been offered a Mortgage Advisor role for Mortgage Advice Bureau. It's working for them but through an estate agents. I was previously a mortgage advisor for two well-known banks but have been in a head office role for the past 2 years. It's not a…
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Underpayment on Endowment
My endowment is due to finish in July 2015. Sold in 1990, I chose this over a repayment as broker told me it would pay over the £27,000. After receiving my first warning letter I called him in 2004, he told me to ignore it that I was safe as my policy was pre 1999???. He died in 2005 and my policy ran on, until I wrote to…
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Deposit or family help
Hi everyone Me and my partner bought the flat we are living in at the moment just over 4 years ago and we used the Lloyds "lend a hand scheme" with my parents putting around £20,000 into a bond account and us putting in a £6,000 cash deposit, we were first time buyers and the scheme worked very well for my patents after…
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Feeling very lost...
Hi, I'm feeling very lost. Completion date is tomorrow but we have not been informed when we collect keys, whether everyone has received everything and most importantly we have not been informed when our first mortgage payment will be. Is this normal? - I've chased our solicitor but they haven't contacted me so I am…
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2yr at 2.54% and overpay or 4yr at 3.44%?
Hi all, My fixed deal with Halifax is coming to an end on 31st August and I'm trying to decide what to do regarding moving to a new deal. Unfortunately, I don't have the luxury of shopping around as some bad choices since buying the house have left our credit reports in a bit of a mess (ok, a lot of a mess), but I've been…
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Offset Mortgage for Ltd. Co contractors
Does anyone know if this is doable. Of the lenders that are contractor friendly, do any of them offer Offset mortgages to contractors ? first Direct has a popular product, but I doubt they lend to contractors.
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Changing fixed mortgage
Hi all, not sure if this was covered already but worth investigating. Have Santander 5 year 3.69% fix, 190k with 4 years left and 5% ERC. Browsing their deals I noticed that interest rate dropped down to around 2.5% which would suit me much more :) Anyway, question is will they agree to give me new 5 year fix with lower…
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House lost 50% value, outgrown house, can't move, any options?
Hi everyone, Really appreciate some help on this one. Wife and I bought house in 2007 for 230k, it's been valued at 115k. We bought it with 100% mortgage, and paid interest only for a few years, so we have 215k mortgage left. We now have a 1 year old and a 2 year old and have outgrown house. We make ok money each, so we…
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Re mortgage declined by NatWest due to ex's credit file
I have been separated for over 4 years and have recently had my decree absolute. As part of the divorce process, I have agreed to buy my ex out of the marital home. Due to requiring additional funds to pay for this and clear some former marital debt, the loan amount has increased and my mortgage broker had some difficulty…
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Using a loan to pay a developer 5% deposit
I have a home which I'm going to sell to fund a new build home. I have more than enough equity to pay the required 5% deposit on the new place, which they need within 3 months of me reserving the property (I need to reserve asap) However, as the new one won't be built until January I'm trying to find the best way to raise…
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AIP Query
Hello! We currently have our home on the market and have done since December. We knew it would take some time to sell due to the location but we are hoping that it will be purchased soon after reducing price. Just wondering when we would need to get an AIP? We are not actively looking for a home at the mo as we are waiting…
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Mortgage application
hi Halifax mortgage application yesterday. We are existing mortgage customers looking to get a bigger house. Full application went through, just waiting for valuation now. Credit check passed with a2. Advisor said it would not be submitted to underwriter. Any reason why not? Kev
