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95% Mortgage Advice
JonAck14
Posts: 1 Newbie
Hi all
As a first time buyer attempting to get my head round all of the information out there, I'd be grateful for any advice! I'm looking at 95% mortgages, largely through the Help to Buy scheme, and am unsure as to what looks likely to be the best deal/option. The options being:
1. RBS 2 years fixed at 4.99%, 4.0% variable thereafter, no product fee (Help to Buy).
2. Yorkshire 3 years fixed at 4.99%, 4.95% variable thereafter, no fees, free valuation, £250 cashback on completion
3. Wait for more lenders to announce their Help to Buy deals.
4. Save up a bit more money and aim for a 10% deposit (at least another year of renting)
I'd be the single applicant looking to buy for around £120k and earn a steady income of around £30k p/a.
Any advice would be most gratefully received.
Thanks!
As a first time buyer attempting to get my head round all of the information out there, I'd be grateful for any advice! I'm looking at 95% mortgages, largely through the Help to Buy scheme, and am unsure as to what looks likely to be the best deal/option. The options being:
1. RBS 2 years fixed at 4.99%, 4.0% variable thereafter, no product fee (Help to Buy).
2. Yorkshire 3 years fixed at 4.99%, 4.95% variable thereafter, no fees, free valuation, £250 cashback on completion
3. Wait for more lenders to announce their Help to Buy deals.
4. Save up a bit more money and aim for a 10% deposit (at least another year of renting)
I'd be the single applicant looking to buy for around £120k and earn a steady income of around £30k p/a.
Any advice would be most gratefully received.
Thanks!
0
Comments
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To be honest I would suggest seeing a whole of market broker.Grab life by the balls before it grabs you by the neck.0
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