I feel like the confused.com guy!

MortgageMamma

What are your gross basic earnings (individually please) are you employed or self employed? Do you get commisison overtime or guaranteed bonuses? do you get any benefits in kind such as car allowance or large town allowance.

What is your monthly disposable income excluding the mortgage but including all bills, credit commitments and nursery fee's?

If you were to overpay your mortgage how much would you overpay it each month?Have you thought more about the features your would like in the mortgage e.g. free legals and valuation, application fee added to loan or upfront? underpayments/overpayments/payment holidays/borrow back facility?

Wht about early repayment charges? Are you happy to be "tied i" for the duration of the quoted period?

If you can answer some of these questions I can point you in the right direction.

Thanks

MM

maf20

MortgageMamma wrote:

What are your gross basic earnings (individually please) are you employed or self employed? Do you get commisison overtime or guaranteed bonuses? do you get any benefits in kind such as car allowance or large town allowance.

What is your monthly disposable income excluding the mortgage but including all bills, credit commitments and nursery fee's?

If you were to overpay your mortgage how much would you overpay it each month?Have you thought more about the features your would like in the mortgage e.g. free legals and valuation, application fee added to loan or upfront? underpayments/overpayments/payment holidays/borrow back facility?

Wht about early repayment charges? Are you happy to be "tied i" for the duration of the quoted period?

If you can answer some of these questions I can point you in the right direction.

Thanks

MM

25k and 31k I have a company car (no allowance) so pay income tax on this. Both employed (permanent). No commission, overtime or bonuses. No credit commitments, bills are roughly 1100 (council tax, nursery fees, utilities, food etc,). If we were to overpay it would be a maximum of 100 per month (this is what we currently pay into our savings account [long live the day of nursery fees being over!])

Fees free would be good, but would be willing to pay around 200 mark if it meant it was a good deal. Willing to be tied in short term only.

Thanks for your help

MortgageMamma

maf20 wrote:

25k and 31k I have a company car (no allowance) so pay income tax on this. Both employed (permanent). No commission, overtime or bonuses. No credit commitments, bills are roughly 1100 (council tax, nursery fees, utilities, food etc,). If we were to overpay it would be a maximum of 100 per month (this is what we currently pay into our savings account [long live the day of nursery fees being over!])

Fees free would be good, but would be willing to pay around 200 mark if it meant it was a good deal. Willing to be tied in short term only.

Thanks for your help

Hi Maf20

sorry for delay in response had appointments all day and only just sat down. I will look into this for you and EMAIL you a few pointers tommorow

Lisa

MortgageMamma

MAF just tried to email you six mortgage key facts documents to look over, some of the best deals from each mortgage category, but your username says you won't accept email. I can't attach pdf's to the thread so would you mind PMing me your email address so I can sent them along to you?

hechizero

zag2me wrote:

I get bored of people touting for business on these boards, if you want to help then post. If you are going to post "go see a mortgage broker" in every thread, dont bother.

Your advice is invaluable, but posting "go see a broker" everytime is pointless. Cut it out please

Agreed 100% - I have oft trawled this forum for advice and the best you will get is from someone in a similar position. My own opinion is that mortgage advisors do not like give "advice" unless you are paying. Do more research, you don't have to be a genius to understand most mortgages. Your situation does not appear to be complicated, so you should find a good product that meets your requirements without too much effort. Good luck.

Careful_girl

"mortgage advisors do not like give "advice" unless you are paying. "
I disagree. Not saying that this is the case for all the advisors on here but I have seen some very clear and totally free advice given by Mortgage advisors. Take for example Andrew Smith's First time buyers guide. He posted this in the middle of a thread and then made it a thread in itself so it was more easily accessible. It has since been made a sticky.Others have added to it. Nobody pays for this. Just one example and I am sure there are many others from the other advisors.
CG.

AndrewSmith

hechizero wrote:

Agreed 100% - I have oft trawled this forum for advice and the best you will get is from someone in a similar position. My own opinion is that mortgage advisors do not like give "advice" unless you are paying. Do more research, you don't have to be a genius to understand most mortgages. Your situation does not appear to be complicated, so you should find a good product that meets your requirements without too much effort. Good luck.

Not true,

The vast majority of brokers on this site, myself included, post here without personal gain expected, and freely give help and assistance where asked for.

Also brokers or advisers frequently give advice without you paying as, when working with a client, we do not receive commissions until the arranged mortgage legally completes.

Before making such a profound statement please make sure that you are correct first. Take myself for example.

I have written unbiased guides for first time buyers and purchasers giving nothing but free advice and am always openly giving free help and advice to posters on this site.

After all I would not have been thanked for almost 50% of my posts if I am merely touting for business and giving no advice would I ?

MortgageMamma

hechizero wrote:

Agreed 100% - I have oft trawled this forum for advice and the best you will get is from someone in a similar position. My own opinion is that mortgage advisors do not like give "advice" unless you are paying. Do more research, you don't have to be a genius to understand most mortgages. Your situation does not appear to be complicated, so you should find a good product that meets your requirements without too much effort. Good luck.

If you ask the right questions, give the right facts when asked, then there will be an advisor somewhere here to give you the answers, as per my post above asking MAF20 for his email address so I could send him six of the best deals I could find in quote format. Will I get paid for doing that? NO. I do it because I want to and it makes me feel good to help someone.

If you attack advisors in general, its pretty much common sense that none of us will help you.

Go away, do your own research, convince yourself you've got the best mortgage, but you will truly never know. As for mortgages not taking a genious to understand, you are right it doesnt, anyone can understand just one contract. Try getting to know about 7,000 of them and come back and say the same.