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!
help first time buyer!
marko4ever25
Posts: 637 Forumite
hi within 6 weeks hopefully i should have my 1st house. i'm buying it from a friend a friend for £60,000 (1 bedroom flat)
My question is basically im clueless on what mortgages/deals are around can anyone recommend anyone for a first time buyer? Is there anything i should beware off/know?
Are there any banks etc who would pay my legal fees/cashback? i have a deposit for the house is it wise to pay more than the deposist if i am able too?
i read some people took unsecured loans from banks to pay off their mortages and then just pay off the loan is that wise? help!
my income should be £20,000 a year and wanted to pay say £10,000 as deposit (£4,000 more)
My question is basically im clueless on what mortgages/deals are around can anyone recommend anyone for a first time buyer? Is there anything i should beware off/know?
Are there any banks etc who would pay my legal fees/cashback? i have a deposit for the house is it wise to pay more than the deposist if i am able too?
i read some people took unsecured loans from banks to pay off their mortages and then just pay off the loan is that wise? help!
my income should be £20,000 a year and wanted to pay say £10,000 as deposit (£4,000 more)
0
Comments
-
Post your income and deposit available.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
As a first time buyer it's important that you have a monthly budget worked out and stick to. For this reason you should get a good 3-5 year fixed rate for stability.
Yours is an easy case and most high street lenders should be able to help.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards