Opinions - First National

JoeK_3

Realist wrote: »

Lost now guys?

All fee's are added to the loan as far I can see but if thats the case its expensive in my opinion.

You really need to get the exact figures to help you to clear things up.

Your mortgage adviser will have given you a Keyfacts document that outlines all the fees added, the product and the monthly cost.

Do you have this?

JoeK

Realist

Not yet we are seeing him tomorrow afternoon to sign some paperwork but I dont want to get conned.

I know these are prime lenders and I expect to pay a little over the top but not in the way they its going to be twice as much.

As a side note, what would you expect a normal high street lender to charge per month so that I know what I paying over the top per month?

Regards.

MortgageMamma

Can you ask your adviser to send the key facts document for you to consider before sign up ? Tell him you don't feel comfortable signing up until you have had time to consider it and want to look at all the fee's etc first

Then come on here and give us the info

JoeK_3

Realist wrote: »

So what are the payments going to be for 3 years and after the fixed rate has completed?

Regards.

7.69% fixed = £829.28 per month

After the 3 years £908.99 per month based on current interest rates

JoeK

Realist

Why has he quoted me £660 a month then and not £829?

JoeK wrote: »

7.69% fixed = £829.28 per month

After the 3 years £908.99 per month based on current interest rates

JoeK

Noz

you really need to obtain the KFI and see what is being arranged

JoeK_3

Realist wrote: »

Why has he quoted me £660 a month then and not £829?

Could that be because it's interest only???

£100,000 x 7.69% = £640.83 per month

Have you added fees to the £100,000 that would increase it to £660.00 pm.

JoeK

Realist

Yes that could be it.

So what would a normal 100% mortgage cost via a high street lender?

Regards.

JoeK wrote: »

Could that be because it's interest only???

£100,000 x 7.69% = £640.83 per month

Have you added fees to the £100,000 that would increase it to £660.00 pm.

JoeK

JoeK_3

Realist wrote: »

Yes that could be it.

So what would a normal 100% mortgage cost via a high street lender?

Regards.

You must realise that we cannot be seen to be giving advice on this site.

May I suggest that you find yourself a whole of market mortgage broker that you like and trust and hold on to them for dear life until your mortgage has finished.

JoeK

Realist

Im not asking for advice or taking any above comments as such, Im just seeking comments and asked a simple question above to which.......

What would a 100,000 100% mortgage cost on the high street at todays price.

Regards.