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mortgage advisors/ brokers?
kimberleyanddarren
Posts: 78 Forumite
We are looking for advice with finding a mortgage.
We are first time buyers and are looking for a 95% mortgage. We have practically no idea or knowledge on such matters and so are very confused!
Any help would be appreciated.
We are first time buyers and are looking for a 95% mortgage. We have practically no idea or knowledge on such matters and so are very confused!
Any help would be appreciated.
0
Comments
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Some 95% mortgages here
http://www.money.co.uk/mortgages/95-mortgages.htm
Take a look and visit the websites of each bank and play around with the "How much can we borrow?" calculator to get an idea of what they are likely to offer you.0 -
Be mindful that the rates at 95% loan to value are not attractive.
More importantly, the products are extremely difficult to achieve. If there is anything unusual in your case, or you have any adverse credit history then you will need to keep saving.
All the bestI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
First, you need to get hold of all three of your statutory credit files so you are aware of any potential issues;-
Equifax
https://www.econsumer.equifax.co.uk/...erletter.ehtml
Experian
https://secure.wiseconsumer.uk.exper...x.html?data=00
CallCredit
https://www.callcredit.co.uk/stat-re...pl=regPurchase
Which you should take along to a meeting with a good independent or whole market mortgage broker. Ask friends and relatives for a recommendation. Failing that, use https://www.unbiased.co.uk remembering to switch off "sponsored ads only" option so you get a full list, not just the paid-for adverts.
The £2 statutory paper files will be fine. Avoid online schemes you have to pay for which give you your inside-leg measurement and call it a "credit score" as this is different to the lender's, the one which actually matters to you...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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