90% mortgage's and meeting with advisor for 1st time

brettarider

Good morning all,
Hopefully be starting to apply for a mortgage this week I should be able to put down a 10% deposit and looking for a mortgage of around 55k. I've already spoken to an independent advisor over the phone at the estate agent were I seen the property I'm interested in.

He has advised me that while mortgages are available with a 10% deposit they are attracting a higher interest rate at 7% this was with the Halifax is this the case? I will be classified as a 1st time buyer

I'm meeting him face to face today what sort of questions should I be asking him?

brettarider

bump bump bump

puppy8910club

Go to Natwest! I have just got my mortgage of 110k approved.

First Time Buyer 5 year Fixed 5.99%
No other FEES
Searches comes to £275 (Standard)
90% LTV

Check out natwest webpage and special first time buyer. Best i have found!

franko82

brettarider wrote: »

Good morning all,
Hopefully be starting to apply for a mortgage this week I should be able to put down a 10% deposit and looking for a mortgage of around 55k. I've already spoken to an independent advisor over the phone at the estate agent were I seen the property I'm interested in.

He has advised me that while mortgages are available with a 10% deposit they are attracting a higher interest rate at 7% this was with the Halifax is this the case? I will be classified as a 1st time buyer

I'm meeting him face to face today what sort of questions should I be asking him?

im just going through the same stages now, i have one with NATWEST @ 6.59 %, i had a quote from the Halifax @ 7.1%. . . .shop around!!

franko82

im just going through the same stages now, i have one in place with NATWEST @ 5.99%, i was declined with HALIFAX but the quote was @ 7.1%. . . . i would shop around a little more.

fubar4164

HSBC also lend at 90% for 5.99% I think, but they don't use brokers