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Anybody know cheapest 1005 mortgage at the moment?
funnyguy
Posts: 2,561 Forumite
my son wants to buy a house for £115000 but has no deposit...he earns £31,000 p.a.................p.s thats meant to be 100% mortgage ...also how do I ammend titles..not my day today
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Comments
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Does he have any other debts?
Does he have a clean credit history?
Based on the figures provided should have plenty of options from the 100% schemes out there
HTHI 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 -
he does not have any debts etc....I know their is loads of choices..but wondered what are the best deals at the moment? or whats the best site to look on ,,without having to give all your personnel details0
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You need to filter down what exactly it is he is looking for, in order to come up with the "best" deal for him
Such as does he want a fixed, tracker, discounted, capped, rate?
Interest only or repayment mortgage
What overall mortgage terms
How long does he want to be tied in to the initial interest rate period
DO you want daily interest
Do you want to make overpayments?
DO you want an offset facility?
I'm afraid that without giving out some personal information (not on the open board, but potentially to a fee free whole of market adviser) you will not be in a position to filter down the options available
It's like going to the doctor and saying give me the best cure, but not giving them any of the symptoms to let them work out what cure to give you
HTHI 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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