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MSE Mortgage Brokers et al...please can I have your suggestions?
Blewis
Posts: 8 Forumite
I am finally coming around to the idea that the benefits of owning might outweigh my horror of the commitment so...
I'm looking at properties ripe for updating in the region of £80-90k, I have a £40k deposit.
I want Fixed rate, repayment, pref daily interest calculations, no excessive redemption period and portable in case my inner commitment-phobe gets the better of me and of course, the best rate too.
Where should I be looking?
TIA
Beth
I'm looking at properties ripe for updating in the region of £80-90k, I have a £40k deposit.
I want Fixed rate, repayment, pref daily interest calculations, no excessive redemption period and portable in case my inner commitment-phobe gets the better of me and of course, the best rate too.
Where should I be looking?
TIA
Beth
0
Comments
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Erm start with Google to get fair comparisons to see what is on offer, then progress to an FA if you feel unable to do the work yourself. I found and arranged our existing mortgage myself on the net, made the initial call and started the ball rolling myself.
Personally I would not use a FA as we both have good credit histories and an excellent LTV and we are now quite happily sitting on the deal below which is costing IF more than us...ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
Thanks for that Hillcats, I wasn't planning on using an FA but was thinking about a broker to save me some of the leg work.
Have more questions...
I note in the MSE beginner buying guide it recommends London & County but cannot find any up to date info on their WOM status.
Also are HSBC, ING Direct and First Direct still the only non-brokered offerings out there?0 -
Sorry, unable to recommend anyone as I truthfully don't know the answer for you.
Have a search though around Google and I'm sure you will find a deal to suit your needs, someone else will no doubt be along soon with some more info to help you make an informed decision. good luck with it.ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
If you want a fix, start with Yorkshire Building Society.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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