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Is 7.29% fixed fair for a 90% effective 1st time buyer?

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  • puppy8910club
    puppy8910club Posts: 69 Forumite
    Do what i did, NATWEST 5.99% Fixed 5 YEAR . FTB .... Excellent service and they text u with updates on the mortgage / searches ... Once i applied they did the search under a week. Now about to sign contract on house. Top service!
  • SandC
    SandC Posts: 3,929 Forumite
    Part of the Furniture 1,000 Posts
    It does seem a bit high. Why would someone on £50k find it a bit of a struggle to find £1,100 per month though? Does he have a bad credit score and this is affecting who will lend to him? It sounds like he has other debts to contend with and with also wanting 90% loan it's going against him.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi sandc the recently divorced and the words CSA might have something to do with that!!!
    Good Luck on your mate getting back on his feet
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