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1st Time buyer needing extra cash!
davilown
Posts: 2,303 Forumite
Hi
I am a first time buyer, £32k a year, oh earns £6k a year. We owe £15k.
I'm looking for a mortgage of max £110,000 although probably only need £105,000. We have £8k from a long service advance of pay from work.
Are there any companies that would loan us the extra as a secured/unsecured loan as well?
Cheers
I am a first time buyer, £32k a year, oh earns £6k a year. We owe £15k.
I'm looking for a mortgage of max £110,000 although probably only need £105,000. We have £8k from a long service advance of pay from work.
Are there any companies that would loan us the extra as a secured/unsecured loan as well?
Cheers
30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
0
Comments
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Hi
I am a first time buyer, £32k a year, oh earns £6k a year. We owe £15k.
I'm looking for a mortgage of max £110,000 although probably only need £105,000. We have £8k from a long service advance of pay from work.
Are there any companies that would loan us the extra as a secured/unsecured loan as well?
Cheers
Zopa loans are pretty cheap but if you already owe £15k they may not touch you. I would shop around to see if you can get the whole amount you need to borrow via a mortgage as the mortgage loan is going to be cheaper than a standalone, and you can overpay your mortgage to reduce the amount.
Have you tried different borrowers to get the whole amount perhaps via a Independent Financial Advisor who can look at the whole market for you?Gordon Brown ate my hamster0 -
Alliance & Leicester, Northern Rock, Coventry, BM Solutions.
Any of these would most likely do the whole lot for you.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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