Open Market Home Buy Scheme - Mortgage advice

gemmafrench

Hi,

I have been offered an Open Market Home Buy loan by the government scheme Moat. I have put in an offer on a property and had it accepted. The estate agents are able to grant me my mortgage but I wondered what my other options are? I know I am not able to take up just any mortgage.

Any help appreciated.

Thanks
Gemma

feisty1

did u ask the adviser that question when u met with them

feisty1

this will hep u

http://www.moat.co.uk/HomeBuy/ProductsOptions/Pages/LandingPage.aspx

gemmafrench

Thanks for your help. Ward & Partners mortgage advisor wasn't the most helpful chap to assist me in looking elsewhere - I suppose that is his job.

Thanks for the link to the site but I still can't find assistance in knowing what sort of mortgages I can apply for.

Thanks though

feisty1

what do mean exactly, is it fixed, tracker etc u r referring to?

feisty1

just in case u missed this link

http://www.moat.co.uk/HomeBuy/Pages/IMAPanel.aspx

unite79

Do you have a deposit, If you did not like the advisor, find another - who is a bit more helpful -

gemmafrench

No deposit, but Moat's money acts as a deposit, so that is not a problem.

I do however have the savings required for the purchase.

feisty1

unite79 vbmenu_register("postmenu_15269827", true); Quote Do you have a deposit!!!!!!!!!!!!, If you did not like the advisor, find another - who is a bit more helpful -Quote

Open Market Home Buy Scheme/MOAT This is a a government-led initiative!! No deposit & also they have there only panel of advisors who clients are referred to...

unite79

I would go and see Abbey or Nationwide, both allow you to buy 100% of your share, and utalise the Moats money as a deposit - This does appear to be something a local professional advisor would be able to assist you with.

Hope this helps.

unite79

Feisty1 - whilst you provide a useful link, try reading the wording - Clietn can choose own advisor if they wish, but does have to speak to!!