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FTB rates advice please
robbietrfc
Posts: 6 Forumite
Hi,
Just looking for some quick advice really.
Me and my partner are looking at houses around the 125K mark and have a 15% depoist saved up. I earn 24k and my partner earns 35K plus a bonus every year. We have no real debts other than one credit card which is paid on time each month.
We visited a broker and the best offer he could find for us was a 2year fix at 4.55% and then a SVR of 5.99 after that, i know the SVR rate is horrible but hopefully we can move to a better rate after the fix finishes.
Am just wondering if any advisors on here can tell me if the fix at 4.55% is a decent rate given the figures above or would it best to search around for another broker, asking because we have nothing really to compare it to.
Cheers for any help
Rob
Just looking for some quick advice really.
Me and my partner are looking at houses around the 125K mark and have a 15% depoist saved up. I earn 24k and my partner earns 35K plus a bonus every year. We have no real debts other than one credit card which is paid on time each month.
We visited a broker and the best offer he could find for us was a 2year fix at 4.55% and then a SVR of 5.99 after that, i know the SVR rate is horrible but hopefully we can move to a better rate after the fix finishes.
Am just wondering if any advisors on here can tell me if the fix at 4.55% is a decent rate given the figures above or would it best to search around for another broker, asking because we have nothing really to compare it to.
Cheers for any help
Rob
0
Comments
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You haven't found a house yet so the rate is irrelevant. When you've had the offer accepted, revisit the market.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0
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