ftb a bit confused by everything

before_hollywood

hi guys hope you can help.

i'm a (potential) ftb looking at getting a mortgage- but everyone seems to be pulling me in different directions.

i'm looking at about 3.5 times my income with a 10-15% deposit, i wanted fixed rate for the full 25 year term but this stopped a couple of years back didnt it?

everywhere i go i'm expected to have something in mind and if i try and do a like for like comparison then i cant and i dont really understand what i should be looking for. i have no debt and no known issues with my credit score (never had problems getting credit or paying it off), what should i be looking for? and are there generally any tips on which lenders give decent rates and which ones are rip off merchants?

thanks

Robert_Sterling_3

Not enough information given for me to know where to begin.

As someone with nearly 14,000 posts and who has been on MSE for about 4 years I am surprised that you have not picked up lots of knowhow by reading other posts in the property and mortgage and mortgage forums.

However you are in the right place now and there are several people here who wil be able to "fill you in".

Best wishes.

before_hollywood

Robert_Sterling wrote: »

Not enough information given for me to know where to begin.

As someone with nearly 14,000 posts and who has been on MSE for about 4 years I am surprised that you have not picked up lots of knowhow by reading other posts in the property and mortgage and mortgage forums.

However you are in the right place now and there are several people here who wil be able to "fill you in".

Best wishes.

thanks mate, things have changed a lot for me in 4 years, this is normally where i come to have a laugh and joke as my friends work different shifts to me.

i've picked up bits and pieces, the housing market was way out of my price range before so i just tried to save and not depress myself with what i couldnt have and that was 2 years ago lol

herbiesjp

You should be fine on the mortgage front

However if you want to look at various options, the quickest way to find up to date details will be via a whole of market adviser.

That way you can discuss and look at various fixed rate options that may appeal to you - and discuss the implications of taking out a fixed rate for so long

before_hollywood

herbiesjp wrote: »

You should be fine on the mortgage front

However if you want to look at various options, the quickest way to find up to date details will be via a whole of market adviser.

That way you can discuss and look at various fixed rate options that may appeal to you - and discuss the implications of taking out a fixed rate for so long

i booked in for advice at a few banks mainly as they had appointment spots free and a whole of market advisor didnt for the same day, i asked the advisor, no spots free, spoke to a bank ''oh yes mr hollywood* we can see you on that day''


*not my real name

also is it the done thing to speak to more than one whole of market broker to make sure that i get the best deal or is it simply overkill?

herbiesjp

Speaking to the banks, may well be good, but make sure they do not credit check you when discussing the mortgage scenario, as if this happens at all your meetings it could start to hurt your credit file.

A lot of advisers work remotely i.e. over telephone and internet and can provide the same level of service as face to face. (Thinking more along the lines of self employed brokers here as opposed to large sales forces)

Going to one or more adviser is down to you. If you feel that after talking to the banks directly and then the adviser, you have got a good deal then it is up to you if you want to go and see another one.