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Whats the best mortgage for us - FTB's
sacol4940
Posts: 232 Forumite
Hi all
Me and my OH are FTB's with a 15% deposit and are looking to borrow £83k (Offer accepted of £98k)
Does anybody know what the best mortgage available for us would be please?
Many thanks
Me and my OH are FTB's with a 15% deposit and are looking to borrow £83k (Offer accepted of £98k)
Does anybody know what the best mortgage available for us would be please?
Many thanks
May: Camping set for 4, 2 books.
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Comments
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You have not supplied enough information................................I have put my clock back....... Kcolc ym0
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Robert_Sterling wrote: »You have not supplied enough information.
what else do you want to know?May: Camping set for 4, 2 books.0 -
Salaries, what your credit histories are like, any outstanding debt, whether you want a fixed/tracker, how long you want the deal to last, term of mortgage required. Even then I doubt if anyone here can tell you the best deal to take - have you thought of changing adviser if you have problems with yours?0
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Salaries, what your credit histories are like, any outstanding debt, whether you want a fixed/tracker, how long you want the deal to last, term of mortgage required. Even then I doubt if anyone here can tell you the best deal to take - have you thought of changing adviser if you have problems with yours?
We already have a mortgage in principal thing, so we know that we'll be able to get one.
Our credit historys are fine, no problems there
The only debt is one of mine - I have £300 left to pay off of a halifax loan.
We dont want the deal to last longer than 5years, preferably only 2 or 3.
25 or 30 year mortgageMay: Camping set for 4, 2 books.0 -
What problems did you have with the FA?I am a Mortgage AdviserYou 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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You could look at some of the comparison sites, maybe?
Regarding 2/3/5 year deals - remember that prices are still going down and that your LTV might be higher than 90% when you come to get a new deal. Also interest rates might be sky high by the time you come to renew. I personally am waiting for a 5 year deal around the 4% mark as I don't think 2 or 3 year deals are worth it.0 -
We have a OneAccount mortgage it is a combined mortgage / bank account and works well for us. The interest rate is slightly higher but all our money goes into reducing the mortgage. There are alternatives, we have had mortgages with Abbey and the Woolwich but neither of them were as flexiblle.
If I wa starting out again, I would go for a straight repayment mortgage.Win Dec 2009 - In the Night Garden DVD : Nov 2010 - Paultons Park Tickets :0
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