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Mortgages & endowments

Archives for April 2020

Equity Release
About to apply for Equity Release. Main reason for applying is for House improvements and Gifts to children. The house currently is Leasehold and have enquired the costs involved in the purchase of the Freehold. The main house improvement would be replacing the pvc cladding with brick, as its half brick/half cladding.…
Pay off c/cards or move?
Hi all! Wonder if anyone can offer any suggestions. Our fixed mortgage deal is coming up in Nov this year. We have approx £20k in c/card debt jointly. This was never going to be our forever’ home and was bought with a view to build up equity and then settle in the next one. The question I now have is (excluding anything to…
Mortgage switch
Hi, I'm posting for the first time so I apologise if this is in the wrong place. Basically I would like to know if it's possible to get a better deal on a mortgage if my marriage to my wife is in dispute. We've been separated for coming up to 4 years now and there's zero chance of a reconciliation, we've both moved on,…
Are the endowmwnt company trying to get me to cash out early?
An old endowment policy is due to mature in 10 days. My endowment company have sent me a payment instruction form asking me to complete it. Do I want a payment by direct credit or do I want payment by cheque? However there is an option before this: I want to take the policy value as cash (please tick box). Are they asking…
Equity Release
I am a co executor of an estate . The house to sell has an equity release element. The Mortgage Lender Legal and General decline to suspend interest rates during this crisis. What can I do to make them change. Beneficiaries will be disadvantaged otherwise
Pay off mortgage or keep account open?
Let me explain, I have been overpaying my mortgage for just over 10 years and today I have £700 left to pay - for me that is 2 more payments. My quandary is do I make the next 2 payments & complete my mortgage, or, do I make one payment then drop my overpayments to the value the mortgage company says I need to pay…
Remortgage vs Home-Owner Loan
The circumstances: My wife and I have separated and have agreed to pay-off the debts we jointly accrued (~£10K) by taking equity from our jointly-owned/mortgaged home. This gives us both peace of mind on the debt and a clean slate, while enabling my wife to continue living in the property until the children are older. We…
First time selling
Hi folks, Hope everyone's staying safe and well. We bought our first house back in 2018, and we're looking to move again next year. I've got a rather stupid question about my mortgage though and looking for a new property; I'm currently on a fixed term rate with my current provider, so when I leave, I'll either by staying…
2 Year Mortgage Term Coming to an End (First Time Buyer)
Hi all (apologies for any misunderstandings here) We bought our first house two years ago and our fixed mortgage period is coming to an end. We are thinking of selling up and moving within the next 3 years to upgrade to something more family orientated. I wondered what research I should be doing to ensure I find the best…
Remortgage help
Hello I am looking at remortgaging and wanted some advise please. We have sub accounts to our mortgage so just below half is due for renewal now and the other next september. I was wondering what peolle thought the best option would be. We are currently thinking to pay the SVR of 3.59 for august and september until our…
Advice on Libor
I have a £117500 mortgage on interest on with Libor I pay £385 per mont . I have 3 default dropping off in July and 1 in december the house is worth £130k and I earn £38k per annum. I want to remortgage and go on capital repayments am I best waiting 6 to 12 months or doing it now? I am also in a DMP which I owe £8k too.
House prices dropping?
Hi I’m in the process of buying a house. We had an offer of 240k accepted and it was on the market for 255k. We are putting 20% down also, so a mortgage or 192k is in place. With everything that is happening the mortgage company cannot complete a valuation. I’m getting worried that they will value the property for less…
Low Rise Flat Mortgage Valuation
I want to re-mortgage my low rise flat in Central London, but the mortgage valuation was zero pending "the building owner and/or its agent as the "responsible person" under the Regulatory Reform (Fire Safety) Act 2005, must produce a written statement, prepared by a suitably qualified independent professional advisor who…
Natwest new deal time
Hi, My current 2yr fixed with Natwest is up for renewal. Of the rates below which in your opinion would be the best to go for at the minute? I'm swaying towards the 5yr fixed with fee (any fees would be added to the mortgage). I don't want to move away from Natwest at the minute as I'm not sure another lender would lend us…
Fixed mortgage rates
My 2 year fixed rate ends at end of April. I was made redundant after 9 years on 20/02/20 - nothing to do with covid. Got small redundancy payment and waiting to claim 9 weeks notice of pay. Currently claiming jobseekers and have an insurance policy to pay mortgage for a year when it kicks in. My house worth £225000 approx…
To pay ERC or wait?
Hi, our current fixed rate deal (2.99%) is due to end on in March 21. With rates being this low at the moment I’m contemplating to pay ERC (£1,400) and remortgage early. We would save around £100 a month in repayments if the circumstances remain the same (we want to reduce the term to 21 years though). We can get a 5 years…
how can I update the LTV and find true updated house worth?
Hi, our LTV must be incorrect as we have had an extension and must be worth more than mouseprice, zoopla are quoting. How do I work how much my house is worth correctly as our mortgage is up for renewal. Thank you.
Retail/Food Industry
Morning, would you now say that banks would now consider people working in the food industry, supermarkets etc? Are now probably the safest profession considering the outbreak, because before all this working in retail was not safe, your hours could be reduced at any time to be in line with customer habits, I hear banks…
Low ltv or owing small amount of money - vague question!
Hi all Sorry my question is very vague as I don't know exactly what I am asking but wondered what somebody needs to look out for when their mortgage becomes at the smaller end of the scale? I've heard people say they have not been able to remortgage when they owe a small amount so does this mean you are forced onto the SVR…
Mortgage Holiday
I have taken a 3 month mortgage holiday I will have to start paying again on 1st July which means that I will have to start working again by 1st June. I am not receiving a furlough payment as I was on a contract by an agency and I am unable to get in touch with them. Universal Credit would not help pay my mortgage. I know…

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