We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage l don,t have clue

Hi have been offered £122 for my house
I am looking to by at £115, I have outstanding mortgage with the nationwide of £60,000 will need to get new mortgage to make up difference in price to buy house.
I am looking for a ten yr mortgage due to my age but don,t know where to begin
.Any help would be appreciated .

Comments

  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Decide what type of mortgage you want i.e. (Fixed/tracker/SVR) and research the comparison websites .

    You seem to have a good LTV so you should get one of the better deals.

    Good luck.

    PF
    Space available for rent
  • Go to a good independant mortgage broker to get advice, there are a few national ones that have a good reputation. Check the Saturday and Sunday newspaper money pages for adverts referrals. We're not allowed to suggest firms on here are we?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Don't forget to take all the costs into account: selling agent fees, legal fes, removal fees etc.

    Do you have a good credit history?

    If so, and assuming your income is high enough, you should have the pick of the bunch at the moment
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.3K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.