Help-1st time buyer. Who will advise me of the best mortgage deals?

carreg

Hi all
I appreciate any advice anyone can give me.
I’ve just started looking to buy a house last week and after speaking with 2 separate mortgage advisors - one from Country Wide and another one from a similar company (both of whom are based in estate agents offices and are free of charge) . As a first time buyer who knows nothing about the housing market I did manage to grasp most of what they where saying . My biggest problem is understanding what mortgage to get.
My questions are- have I gone to see the right people who will get me the best deal on a mortgage? Who should I talk/go to who can get the best deals at the moment? Banks? Should I just stick with one of the advisors I’ve already spoken to?

Age 26
Income- £17000
Deposit- £ 1600
No monthly outgoings except car insurance
Credit check 100% ok.

Thank you
Andrew

Joe_Bloggs

@Andrew
Why not write, on this forum, the gist of what was said to you. Express what was said in terms that you understand. There are so many acronyms and buzz words that can be overwhelming on first impression.
Many would struggle to get a deposit on a rental flat with £1600.
J_B.

DaveMarra

Hi, as Joe said i think you'll really struggle with the deposit side of things, assuming you get a 90% LTV and assuming a FTB house price average (80-100k) your looking at 8000-10000 deposit. I'm in the same boat as you myself (little deposit, good credit rating and wanting on the housing ladder).

DM

_Andy_

£1600 isn't anywhere near enough for a deposit - is this a typo i.e. did you mean £16,000?

herbiesjp

Countrywide are not whole of market advisers.

Don't know who the other sare so can't comment.

You need to find a good whole of market adviser first, and then discuss - but make sure they do not carry out any credit checks against you. (Make sure the first two don't either)

Having said that, as posted above, if the £1600 is correct, then you will not be buying a house I'm afraid.