Mortgage help for someone with no clue (best mortgage??) 27 April 2007 at 9:12PM in Mortgage-free wannabe 2 replies 558 views

Mandles

Can you help me for a pal as i have no clue and i said i would check if there was a better mortgage that anyone could recommend please. Any mortgage advisors?
Right she has been offered a 5.14 fixed mortgage for 2 years.The house is worth £145k and the mortgage is for £118k. There is no valuation fee charge and £999 for setting it up fee. So she is paying £505 a month.
It is important to have a fasttrack (?) so her earnings are not seen(nothing dodgy i promise).
This is with Halifax.

Any one know if this is good or anyone recommend a better one?

Bargain_Rzl

TBH Mandles, you would be better off asking this question on the Mortgages board (http://forums.moneysavingexpert.com/forumdisplay.html?f=15) rather than the Mortgage-Free Wannabe board.

Most of us on this board wish we didn't have a mortgage

MarkyMarkD

Most lenders offering "fast track" or similar arrangements check income on a sample of cases. I don't understand how it cannot be "something dodgy" if it's essential that her income "isn't seen".

Applying for a mortgage using incorrect details is fraudulent and that's a criminal offence.