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First time buyer.... Help!!
Comments
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Yeah, the only caveat here for the buyer - as I see it - is higher risk of negative equity should you be forced to sell in the first years. And the downside of higher interest rates for 95% LTV mortages.
RBS and Natwest are offering 4.99% for a 2-yr fixed, and 5.49% for a 5-yr fixed, no product fees. Curious to see what Halifax comes up with.
edit: just checked Halifax, 5.19% with £995 product fee and 5.59% with no product fee for a 2-yr fixed. Ouch!0 -
The bit i mentioned about RBS checking you on 7% interest rate still stands though... thats probably the one correct bit in that post i made - atleast thats what i was told by the advisor i know there.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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