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Advice on new morgage please
Bilk
Posts: 36 Forumite
Hi everyone
A friend of mine has asked to see if I can get any advice for him as to the best morgage for him
He has a morgage of £67K and wants to move to a diff lender. There are no cost involved. He wants to up his mogage to £80K over 18years and have the flexability to overpay
My first thoughts are Virgin One or IF but any advice would be welcome
Thanks
Bilk
A friend of mine has asked to see if I can get any advice for him as to the best morgage for him
He has a morgage of £67K and wants to move to a diff lender. There are no cost involved. He wants to up his mogage to £80K over 18years and have the flexability to overpay
My first thoughts are Virgin One or IF but any advice would be welcome
Thanks
Bilk
0
Comments
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What is the value of his property? The two schemes you have mentioned offer discounts for offset/current account mortgages.
If the offset or current account facilities are not important - there are potentially other lenders with lower rates that will allow either limited (10% of mortgage balance as a rule of thumb) or unlimited overpayments.
Not allowed to be too specific on the board but worth looking around.I 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 -
Hi im with nationwide and make overpayments every month which are nearly double my monthly amount. Got mortgage on line through marketplace, only valuation to pay all legal costs paid for. I think they are brill.
caza0
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