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am i eligible? very confised!
I really need some help finding out if I am eligible to get a mortgage this year. I am looking to buy a house with my boyfriend, both first time buyers. I am a newly qualified teacher, I start a new job in september as a teacher. At the school I am working at, and at virtually every other school in my area all new…
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Basic question about the mortgage guide
Hi, sorry to ask what i am sure is a dumb question from a very financially un-savvy newbie who finds it very hard to follow numbers, but the guide (p8) is talking about the risk involved in interest only mortgages and it says "The point is the investment you use to pay off the capital on your interest only mortgage may…
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Leaving Abbey at end of fixed rate
I'm remortgaging with Halifax which is all agreed, the fixed rate ends with Abbey on 2 October, can I get a redemption statement from Abbey based on payments made up until then? Do I need to give Abbey notice? I know I should ring them but its such an awful customer service experience these days I can't bear the pain and…
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Endowment Complaint rejected - legitimate?
Hi, I recently submitted a missold endowment complaint on a policy with Norwich Union. They have rejected it - the grounds for rejection are that I previously complained about this policy (two years ago) and then failed to return their fact-finding questionnaire. I know that I have grounds for complaint, as they have…
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Defaults on mortgage advise needed
I have sold my house (which was a BTL investment) to my ex (he put down the deposit & the mortgage was taken out in my name as I had better credit & well paid job). He purchased this house as an investment but badly managed it & mortgage payments were late on several occasions. We are now seperated & I sold the house to…
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Mortgage Leads
Hi All I am looking to purchase leads and would be happy to pay well for them if they are truly qualified. Does anyone have any advice on this? I would especially be interested in finding out what a reasonable price for leads are. I have been looking at qualified leads and also qualified appointments. Are there any…
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could someone help please
Hi, have recently split with my husband, we had fallen a bit behind with our mortgage payments before he left, he's refusing to help with any of the mortgage and certainly not with the arrears which I've managed to get down to (£200). I've switched to interest only for now which is manageable for me but I'm struggling with…
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Missed Payment on Mortgage - HELP!!
Hi all – I am after some advice for a friend of mine who is in a bit of bother!! So, she has two mortgages – one on her current home that she lives in and another on a property she has had for many years and was until recently renting out… She has the second property up for sale but has yet to find a buyer. She has started…
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Selling endowment
I am currently in the process of selling a Norwich Union endowment policy. The buyer requires the original policy document. A statment in the copy document says that the lender (Abbey) will have the original doc. I contacted Abbey and they said they did not have it. I contacted Norwich Union who said I would have to pay…
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Endowment mis-selling claim. Any advice please?!!
We recently made a claim against Friends Provident for mis-selling an endowment policy taken out in 1996 to cover £34,250 which is now predicted to pay out £29,000. They have offered us a grand total of £258.67 in compensation (they're just putting us in the position we'd now be in if we'd taken out a repayment mortgage…
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First National
Hi - i have a mortgage with First National and i'm a year in to it.. Does anyone know if they do advances on the mortgage and can someone explain how they work. For example if i wanted to borrow £5000 would that be the same rate as my mortgage and over the same period of time? I spoke to someone on the phone and it wasn't…
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Mortgage Endowment Illustration Questions
I would like to ask a couple of technical questions to any IFAs or someone who really understands with-profit endowments. Below is part of the illustration of a 25 year endowment mortgage that I was shown in January 1993 regarding the future benefits of a Build-up plan. (a) a rate of return of 7.80% per annum is £ 45000…
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new mortgage
can anyone give me and my wife a bit of advice, we have a tie in period with our mortgage company(gmac) which ends in 3 months time. we have been paying a way over the odds now for 2 yrs, and need to change mortgages as soon as possible, after the tie in period is over. can you arrange a new mortgage before the tie in…
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Nationwide mortgage commission lies?
Just applied for a Nationwide mortgage. We had an intial meeting with our local branch, where the adviser said that he received no commission from Nationwide for setting up mortgages. When we found a house, we applied online with Nationwide because the entry date was soon and we couldn't wait for a branch appointment. I…
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ING Direct Mortgages - Flexible Variable Rate?
I'm looking to remortgage from my Oneaccount and have come across ING Direct. Their flexible rate is 5.14% (My Oneaccount is 6.45%) Overpayments of any amount accepted. Looks like no/little in the way of fees to set it up also. Anyone have one of these? Advice on the company/product? Link:-…
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Overpayments.....or increase repayments??
Hi, just abit of advice really, looking to pay off mortgage asap, would I be better making an overpayment each month? or building in the amount I was going to pay extra each month, into my monthly installments. I have a repayment mortgage, if I make overpayments does this come directly off the amount borrowed? And if I…
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remortgaging- should i add my debt to it?
my fixed rate is ending on my mortgage next month so its time i changed. i have 70300 left to pay and i also have around 16k of debt, i rang the woolwich (who i am currently with) to see what they could offer. i asked them if i could add my debt to it and a little more as my car is quite near to the end, bringing the total…
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new mortgage application with no recent work history?
Hi all Currently own a house with a 164K 5 year fixed mortgage with the abby, 4 years left fixed, 24 years left on mortgage. Both myself and girlfriend are full time employed and I also do work in the evenings (registered as sole trader). we're thinking of going traveling and renting the house out for 12 months (after…
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Mortgage Payment Protection Insurance - Is it worth it
Hi Looking for a bit of advice, sorry if this is in the wrong place. I currently pay approx £53 a month for mortgage payment protection insurance in case of accident, sickeness or unemployment. This amount is for my husband and myself. We both work in jobs were if we were sick we would get 6 months full pay and 6 months…
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fixed or tracker?
110 000 mortgage 3yr fixed @ 6.39% -> £576pm interest only £1000fee 2yr tracker @ 5.79 -> £536pm interest only £600fee Which would be recommended? The bank are suggesting tracker.