General Comments in general

Mortgage in general is something you need to think about before even buying a house. Mortgage can really put you in trouble or on the other hand you will have your self a house ready on the side. Things you need to think about You need to make sure can you bring in the money they ask for. Can you offer more money to them? How long will it take? Are you secure with your current job? These are the main four questions you need to ask your self before you get a mortgage. If you have a partner and both of you work then you should be alright with the mortgage. On the other hand if you are on your own then it can be a hassle. Getting a mortgage ...  Read the complete review

While I agree with consumer groups and government lobby groups that the financial services industry needs to learn a few lessons about responsible lending, I would suggest that, ultimately, it is still the consumer who has to sign on the dotted line whenever he( not being sexist!!) wants to borrow money. In essence, let us think about not onlyu the short term situation but the whole picture. Of late, we have been reading in the papers of how people commited suicide due to excessive borrowing, this is saddening but where are we going wrong as a nation? Not only do people need to think carefully before borrowing or buying on credit, they also need to ...  Read the complete review

Currently, eight million homeowners have mortgages that depend on an Endowment Policy to pay off their loan. But Insurance Companies now reckon that up to five million of these policies might not grow enough to clear the mortgage after 25 years. In my opinion, if that is what the Insurance Companies reckon, then I conclude that the true figure will be much higher. Even where the policies may pay off the debt, then I guess this will be for those policies taken out, say over 20 years? ago and where the home-owner had been anticipating a large surplus from the policy in addition to the receipt of sufficient capital to pay off their debt. It is of course ...  Read the complete review

Remortgages Remortgaging is the concept of moving your mortgage from one lender to another, without moving house. There can be a range of reasons for remortgaging. The most common reason is simply to switch to a more competitive rate. The majority of lenders will offer incentives and discounts to tempt you to switch over to them. Another reason is to raise capital for home improvements, debt consolidation, or any other reason you care to mention. It is possible to combine lower rates with additional borrowing and keep your monthly payments the same. Other growing causes of remortgage are marital / relationship breakdown ...  Read the complete review

After the recent publicity there has been regarding Endowment Policies linked to Mortgages, I decided to look further into the matter, although us holders of this type of policy were told not to panic. I kept thinking that I did not want to still have a mortgage during my retirement years and the information I had been fed was not conclusive. I know we can not forsee the future, but the majority of people with an Endowement Policy expected to have their Mortgage cleared at the end of the term. I had received a couple of letters from my Insurance company which is Legal and General Assurance, informing me there may be a shortfall at the end of the ...  Read the complete review