📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

lokking for some mortgage advice - Birmingham midshires

sparky23
sparky23 Posts: 69 Forumite
edited 7 May 2010 at 5:18PM in Mortgages & endowments
Hello,

We currently have a self cert mortgage with birmingham midshires and I am presently blacklisted till 2012.

I have to stay with current provider. On a variable rate at present £369 pcm and BM are offering us anew fixed rate at £475 pcm which is 5.49%

Loan amount is £69,751.

Arrangement fee : £698.00

I really dont know what to do? Its quite a jump up and im unsure what the political change means to the BOE base rate?

Could anyone please advise me on this matter?

Many thanks xx

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Why are you blacklisted?
    I am a Mortgage Adviser
    You 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.
  • sparky23
    sparky23 Posts: 69 Forumite
    I have a ccj and a visa card default
  • Euphoria1z
    Euphoria1z Posts: 952 Forumite
    thought birmingham midshires werent offring any new deals?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    BM are fine with offering new deals.
    I am a Mortgage Adviser
    You 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.
  • sparky23
    sparky23 Posts: 69 Forumite
    Thanks, can anyone advise me if I should go ahead or wait?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture