mortgage advisors/ brokers?

kimberleyanddarren

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.

moneyuser

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.

Dave_Ham

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 best

kingstreet

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...