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Mortgage Assistance
nicjane113
Posts: 52 Forumite
I am 25 (female) and a first time buyer.
I am looking to purchase a house for £99,950 with a £10,000 deposit so need a mortgage of 90%.
I have been working with a mortgage broker but he has been struggling to find something to fit. He has tried Natwest and Newcastle BS but both will only do 85%.
Can anyone recommend any other lenders that would be more suitable? I bank with Santander, is it worth trying them?
My credit rating on Equifax is 'fair' so I don't want to go to too many lenders as they will all presumably credit check me and I will end up with lots of searches?
Any advice is much appreciated.
I am looking to purchase a house for £99,950 with a £10,000 deposit so need a mortgage of 90%.
I have been working with a mortgage broker but he has been struggling to find something to fit. He has tried Natwest and Newcastle BS but both will only do 85%.
Can anyone recommend any other lenders that would be more suitable? I bank with Santander, is it worth trying them?
My credit rating on Equifax is 'fair' so I don't want to go to too many lenders as they will all presumably credit check me and I will end up with lots of searches?
Any advice is much appreciated.
0
Comments
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Stop guessing and stop letting your broker guess at lenders. Some lenders are more likely than others to accept at 90%, but this is dependent upon your individual circumstances.
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Is your broker a Whole of Market?
If not then use someone who is."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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