We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
first time buyer who to mortgage with
Options
smegy9
Posts: 45 Forumite
Looking to buy a flat in edinburgh for about 125k
My salary is as follows:
22602 + 10% guranteed bonus per anum.
I have a 10% deposit for a 125k flat, therefore the question is i need to borrow 112.5k
Where should i be looking and what rates will be available.
must be capital repayment.
My salary is as follows:
22602 + 10% guranteed bonus per anum.
I have a 10% deposit for a 125k flat, therefore the question is i need to borrow 112.5k
Where should i be looking and what rates will be available.
must be capital repayment.
0
Comments
-
contact independent brokerI like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
-
It depends what you re looking for really. are you looking for a fixed rate? will you be living alone. there are a lot of factors to be considered when looking at a mortgage. how long do you want to take the mortgage over? whats your credit status like?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.0 -
credit should be no problems,
will be living with my girlfriend however i would like mortgage in my name. would also like a fixed rate0 -
So you would be looking at 4.5 times your income
DO you have any other debts in the background?
This looks do-able especially if your GF will be contributing towards household expenditure
Have you approached any lenders yet?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 -
not appraoched any lenders as of yet.
Also no debts to worry about0 -
anyone help?
please.0 -
What are you looking for a fixed rate? Your not seriously thinking of arranging your first mortgage all by yourself are you? Have you contacted a mortgage broker?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.0 -
I had one good recommendation for one broker and he is on holidays for 2 weeks0
-
If you've had a good recomendation then I would suggest, doing your homework as you have been doing, and the going to see the adviser and letting them come up with different options for youI 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
-
Yes if you feel comfortable with the adviser, put your trust in him. Its lovely when we get clients who work with us - such a great sense of satisfaction putting a first time buyer on the ladderI 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards