First time buyer - large deposit

greenkinetic

Hi,

I'm a (potential) first time buyer, in the fortunate position of having a sizeable deposit available (from some inheirtance). I'm looking to buy somewhere in the price range of £150-200k. To do so I'd have a deposit of around £100k available, i.e. 50%+. However I still obviously want to get the best deal possible. I'd probably prefer a fixed rate for the certainty. I have an income of around £40k.

does anyone have any advice on the best places to look for this sort of mortgage, given that I have a somewhat different situation to many first time buyers.

Thanks a lot in advance!

slummymummyof3

We have recently taken out a remortgage with HSBC for a 5 year fixed rate @3.95% which was the cheapest we could find and the fees were £599. We have a ltv rate of 30% and I think the rate extended to those with ltv of up to 60%. It was under their 'specials' when we went in to the HSBC.

alwaystryyourbest

hi i'm with northern rock and it's a flexible mortgage,,look in to getting a flexilble morgage where you can overpay as much as you can on. (it will save you thousands of pounds over the term of your mortgage) hope this helps you,,
and if you haven't thought about overpaying your mortgage just google it and there will be loads of informations why it's a good idea too,,good luck,,