For any mortgage brokers on the forum.

thegreatescape_2

Hi,

My wife and I are first time buyers, we have deposit and excellent credit, we are looking to borrow 85% on a 130k flat.

So far, I am not impressed by the products offered by two high street banks and a mortgage advisor round the corner!

I welcome any brokers who look at this forum who can beat:

4 year fixed interest repayment 5.89% no product fee.

49 payments at £599.53. (by the way, why is this not 48 payments on a 4 year mortgage??)

This is over 40 years.

If its a good product, I would be willing to consider the broker arranging the mortage for us.

Thanks

Steve

opinions4u

thegreatescape wrote: »

49 payments at £599.53. (by the way, why is this not 48 payments on a 4 year mortgage??)

The product probably has a fixed expiry date (e.g. 31st March 2014).

By the time you complete you'll probably only have 46 or 47 payments!!

thegreatescape_2

opinions4u wrote: »

The product probably has a fixed expiry date (e.g. 31st March 2014).

By the time you complete you'll probably only have 46 or 47 payments!!

Hi there, sorry I Dont undertand what you mean, could you clarify please?

Yorkie1

I imagine O4U means that, irrespective of when taken out, the mortgage tie-in expires on a fixed date which is currently 49 monthly payments away.

By the date of completion, you'll be a couple of months closer to that expiry date so there will only be 46 or 47 monthly payments left until that date.