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Just some simple mortgage advice please?!?!
Sloganjerry
Posts: 305 Forumite
Hi All
Mortgages seem to be a nightmare. Why isn't there a 'best of market' mortgage recommendation ever available? If I wanted a credit card or a loan someone would say for example Tesco's are doing a good rate or A & L, etc. Why is mortgage advice never this simple?
I've been advised that the lifetime tracker with Barclays/Woolwich flexible mortgage @ 5.68% tracking at .18% above BoE is a good one for me?
Anyone know if there's anything better out there? I know people always say, "it depends on your circumstances". But I can't understand why if there was a good mortgage at a good rate over the long term why wouldn't this be good for all? I just want to remortgage for £60000. My property is worth £275000 and I just want to pay off my mortgage as quickly and as cheaply as I can. Like everyone else.
Any advice most welcome,
Cheers!
Mortgages seem to be a nightmare. Why isn't there a 'best of market' mortgage recommendation ever available? If I wanted a credit card or a loan someone would say for example Tesco's are doing a good rate or A & L, etc. Why is mortgage advice never this simple?
I've been advised that the lifetime tracker with Barclays/Woolwich flexible mortgage @ 5.68% tracking at .18% above BoE is a good one for me?
Anyone know if there's anything better out there? I know people always say, "it depends on your circumstances". But I can't understand why if there was a good mortgage at a good rate over the long term why wouldn't this be good for all? I just want to remortgage for £60000. My property is worth £275000 and I just want to pay off my mortgage as quickly and as cheaply as I can. Like everyone else.
Any advice most welcome,
Cheers!
0
Comments
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Why should there be? Different people have different needs and different lenders will have different target markets.Why isn't there a 'best of market' mortgage recommendation ever available?
There isnt that many credit cards or loans available and they are products with limited features.If I wanted a credit card or a loan someone would say for example Tesco's are doing a good rate or A & L, etc
It is if you know the subject.Why is mortgage advice never this simple?
It depends on your circumstancesAnyone know if there's anything better out there? I know people always say, "it depends on your circumstances". But I can't understand why if there was a good mortgage at a good rate over the long term why wouldn't this be good for all?
A mortgage deal can be very good for one person but not as good for another. Perhaps a certain lender offers better deals with higher deposits or the fees suit a larger mortgage rather than a smaller one.
Advice on mortgages is regulated. So, you will get no advice here. Just discussion and comments.Any advice most welcome,I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
It does sound easy, until interest rates increase.
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
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