Mortgages & endowments

Archives for January 2016

Nationwide BMR Mortgage....
I'm having a bit of a review of my finances. I have 60k outstanding on a mortgage that is on their BMR rate of 2.5% I currently have ~40k in Santander 123 accounts and 35k in a fixed rate ISA, I've got no credit card balances. I'm a 40% tax payer and I am currently thinking of closing one of the 123 accounts and moving the…
remortgaging now partner isnt working
my mortgage rate is coming to an end soon so I'm looking to change but.... the last two years my partner hasn't been working as we had a child and preferred that she stayed at home to look after her but we are now expecting another so that's another 2 years or so not working. what will the mortgage company think now that…
Is it worth paying 0.24% extra to get a tracker mortgage over SVR?
Hi, We're looking to re-mortgage our property and are struggling to decide between a Coventry mortgage @ 1.75% and a First Direct/HSBC mortgage @ 1.99%. It's my understanding that whilst the SVR should stay at a similar rate (i.e. base rate + 1.25%) there is no guarantee, so I'm wondering if it's worth paying a little…
Mortgage advice
Hi if anyone knows or can help but my parents have 9 years left on the mortgage, can me and my brother tranfer the mortgage to us so the term is extended and lower the monthly payments, if it's possible??? Please help or any other options?
What to do with my underperforming endowment?
I've got an endowment policy that I took out in 1997. Unsurprisingly it's not performing as it should be, and there will be a shortfall. At the moment I'm getting amber alert letters, but as I've had a red one in the past, and didn't act on it in time, I'm now time-barred from making a mis-selling claim (and I have tried…
Anything better
Hi, I have a mortgage with first direct: * Offset * 2.49% rate * about 20% to offset (linked savings) * LTV below 40% which is, if I am not mistaken, equivalent to roughly 2% interest rate. Is there anything likely to be better on the market (variable rate below 2%, with no or low fees, offset or repayment)? Seb
Mortgage Deposit - Upfront 10% to Secure Property?
I read today that if I have an offer accepted on a property the agent will want a 10% deposit straight away. Is this money separate to what the mortgage lender takes into account? For example, let's say I have a deposit of £50,000. To secure the property the agent wants £5,000. Does that mean that when I apply for my…
Should I Consolidate My Mortgage Deposit?
I'm a FTB with an above average deposit which is currently spread across an ISA and a savings account (both easy access) separate to my main current/savings account. I'm about to offer on a property and wondered whether I should start consolidating all my funds into one account - will this make the mortgage/solicitor…
Moving house after IVA
Hi, Sorry if there's a similar thread... I've looked through but can't find any. Just after some advice - me and OH have been on an IVA for five years, this officially ended in December '15. We are wanting to look at moving house and have no idea where to start. Can anyone recommend any companies which have a high lending…
Shared Equity remortgage
hi Does anyone know of a list of mortgage providers I could remortgage to under shared equity. Thanks in advance Becky
Mortgage application & sickness
Hi all, hope this is in the right place! :) My partner and I are looking into moving house hopefully late this year or early next year. I am 27 and my other half is 35, both work full time and have been paying off our current mortgage for the last 4 years with no issues, unfortunately I have been off work sick for the past…
my Mortage
Yes even if you are moving to another provider. You would still have to pay your redemption figure but not the charge for coming out of a rate. I have advised if I move to other provider i will need to pay the above is that correct ? is there any way with out paying the charge not in a fixed rate as that has ended rate is…
Overpaying Mortgage - Questions To Ask?
Hi, We would like to start overpaying our mortgage. I recall an article on here a while ago suggesting what questions you should ask your mortgage provider before doing so, i.e. to ensure that overpayments are taken off the actual mortgage balance and not used for interest (or something along those lines). Any advice…
electrol roll
Do I need to register on the electrol roll as I am staying with friends but now need a mortgage
Help with mortgage application and changing jobs
My partner and I have had our offer accepted on a house. First time buyers, no chain as the seller already has a new house. We have a 25% deposit. Mortgage has been agreed in principle, but we have a problem... My other half is handing in his notice at his place of work at the end of Feb. He'll still be working there until…
Offset Mortgage Question
Hope this is the right place to ask this! Anyway I have an offset mortgage with Scottish Widows - 15 years to go but I have been making regular overpayments into the offset savers account linked to the mortgage account. Even though my mortgage balance is currently circa 72K my offset savers account now has 50K. My question…
Payday loans and mortgages
Hi, So I know that payday loans negatively affect your credit rating. I used quite a few last year (final one settled in September). I obviously couldn't afford my lifestyle at the time. Since then I have moved back home to save off debt (£4,000 in total) and got a new job with a £10,000 pay rise. I want to buy a house as…
Mortgage possible with income only from other rental property?
Hi, I would like to invest in another buy to let property. I don't work and my income comes from the two properties I own. One freehold and the other mortgaged with my husband. Income from both properties per year is as my income is £21,000. I want to know if I can obtain a mortgage with my income only coming from…
Mortgage Underwriter
Is anyone on here a mortgage underwriter?
Offer in principle
How does this work? We saw a mortgage advisor yesterday who thought with our salaries we would have no problem but I'm worried that they are going to say no! I have a few late payments on my record from a catalogue account that are only reported till the end of this month (so today) if our advisor instructed them yesterday…

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Mortgages & endowments

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