mark123
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What happens to a joint life insurance policy after getting divorced?
- mark123 asked 2 years ago in Insurance
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You can assign a joint policy or place it into trust, however this has to be by agreement by both parties. In my case my ex won't play ball at all despite the court order & I can't be bothered to go back to court to enforce the assignment. Therefore I've just kept the premiums up as it was a good policy which increases cover periodically.
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Julie Bayley
answered 1 year agoYou can assign a joint policy or place it into trust, however this has to be by agreement by both parties. In my case my ex won't play ball at all despite the court order & I can't be bothered to go back to court to enforce the assignment. Therefore I've just kept the premiums up as it was a good policy which increases cover periodically.
Is it true that there are 90% LTV mortgages available? Will 100% LTV mortgage be back soon, too?
- mark123 asked 1 year ago in Mortgage
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Darren Smith
answered 1 year ago
Yes Natwest is offering 6.89% for 5 years but its not much to party about.
also remember as natwest is almost entirely state owned they have deep pockets but these type of rates are best avoided usually.
even by scraping a little more deposit and getting an 85% ltv loan will dramatically cut the above rate and would be far more attractive.
personally i think it highly unlikely that 100% will come back on standard schemes. there should always be a buyer contribution otherwise what financial incentive does the borrower have to make the mortgage work if they dont stand to lose anything?
one of the reasons the rate is so high is because 90% loans are still considered high risk
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also remember as natwest is almost entirely state owned they have deep pockets but these type of rates are best avoided usually.
even by scraping a little more deposit and getting an 85% ltv loan will dramatically cut the above rate and would be far more attractive.
personally i think it highly unlikely that 100% will come back on standard schemes. there should always be a buyer contribution otherwise what financial incentive does the borrower have to make the mortgage work if they dont stand to lose anything?
one of the reasons the rate is so high is because 90% loans are still considered high risk
How is NatWest able to launch a new 90% LTV mortgage?
- mark123 asked 1 year ago in Mortgage
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Darren Smith
answered 1 year ago
at 6.89% for 5 years its not much to party about.
also remember as natwest is almost entirely state owned they have deep pockets but these type of rates are best avoided usually.
even by scraping a little more deposit and getting an 85% ltv loan will dramatically cut the above rate and would be far more attractive
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also remember as natwest is almost entirely state owned they have deep pockets but these type of rates are best avoided usually.
even by scraping a little more deposit and getting an 85% ltv loan will dramatically cut the above rate and would be far more attractive
Is Halifax's new no fees first time buyer mortgage a good deal?
- mark123 asked 1 year ago in Mortgage
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John Stirling
answered 1 year ago
According to their website it's 5.99% unless you are a Halifax current account customer with £1,000 pm credit in which case it is the 5.79% you quote.
As it is available to 90%, and furthermore pays some of your fees (still have to find stamp duty, and moving costs, and possibly some legal fees) it is quite competitive if you are a first time buyer with a small deposit.
However 5.79% is expensive compared to rates available for only slightly higher deposits, so the answer to your question is 'yes and no', in that it's good if you are borrowing 90%, or I suppose if your loan is very small, and fees make up a disproportionate amount of the overall cost, but it's expensive if you have other options in terms of the amount of deposit you can raise.
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As it is available to 90%, and furthermore pays some of your fees (still have to find stamp duty, and moving costs, and possibly some legal fees) it is quite competitive if you are a first time buyer with a small deposit.
However 5.79% is expensive compared to rates available for only slightly higher deposits, so the answer to your question is 'yes and no', in that it's good if you are borrowing 90%, or I suppose if your loan is very small, and fees make up a disproportionate amount of the overall cost, but it's expensive if you have other options in terms of the amount of deposit you can raise.
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