We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
first time buyer needing a bit off help .
ginger_nuts
Posts: 1,972 Forumite
A guy in work is buying a flat with his partner .
The flat will be in one name only and cost £152,000 .
He is looking for a mortgage for around £136,000 .
He has been offered a mortgage from first trust bank (via a broker )
at 6.14 % ,which I think is to high a rate .
The broker has made 2 offers
1 seems to be the SVR ( which even the broker dosent recomend he takes )
2 may be a fixed ? but is £30 per month more .
He is from Poland and has no debts .
Is this the best rate for a FTB ?
The flat will be in one name only and cost £152,000 .
He is looking for a mortgage for around £136,000 .
He has been offered a mortgage from first trust bank (via a broker )
at 6.14 % ,which I think is to high a rate .
The broker has made 2 offers
1 seems to be the SVR ( which even the broker dosent recomend he takes )
2 may be a fixed ? but is £30 per month more .
He is from Poland and has no debts .
Is this the best rate for a FTB ?
0
Comments
-
Its not possible to say if this is the best mortgage he can get without knowing all of his circumstances
I think that this stage though your friend should be looking for second opinions from brokers who are whole of market - I suspect there will be a lot more option for him than the broker has led him to believeI 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 -
Being from Poland means that he is from the EU and should have the same rights mortgages as UK nationals
YOu do not say what his income is or if they have other debts, but many high street lenders could help your friend
Sounds like your friend should speak to another fee free whole of market adviser, to see what they can come up withI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards