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Help with 10% FTB Mortgage
Toysie
Posts: 2 Newbie
Hi everyone,
Im having problems finding a decent 10% First time buyer mortgage. Im buying a flat for £150,000 but only have a teeny tiny 10% deposit.
Ive spoken to the mortgage guy at the estate agents (2 yrs variable at 4.79%) then remainder at current variable and had a look on the internet (RBS 5 yr fixed 5.26%).
The mortgage offered by the estate agent man is also available directly from RBS. Is there any advantage arranging it with him as there is a fee payable.
Thanks in advance for you help.
Im having problems finding a decent 10% First time buyer mortgage. Im buying a flat for £150,000 but only have a teeny tiny 10% deposit.
Ive spoken to the mortgage guy at the estate agents (2 yrs variable at 4.79%) then remainder at current variable and had a look on the internet (RBS 5 yr fixed 5.26%).
The mortgage offered by the estate agent man is also available directly from RBS. Is there any advantage arranging it with him as there is a fee payable.
Thanks in advance for you help.
0
Comments
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It is indemnified advice - so if it is wrong you have a right to complain.
If you go direct you do not have that safety net
Otherwise find a broker who will not chargeI am a Mortgage AdviserYou 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.0 -
Great. Thank you for the reply.0
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Have you looked around at the rest of the mortgage market to see what's on offer? If the only person you have asked is the guy at the estate agents, then it's very likely that there's a better deal out there for you if you just go looking.
Just my thoughts, I'm no expert.
Rgds0
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