We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Market Review
Comments
-
Just to be clear, im not recommending woolwich - im just using that as an example.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
-
what about student loans?
just regular outgoing say 35 each month i have include this in it
or do you need to put the full balance on loan bit0 -
I would probably just put the highest amount in the last 3 months in the regular commitments.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
-
seems okay as long as the rate doesn't exceed 8%
do you think its better to get a straight 10 year deal at this current climate?0 -
I cant say, its a regulated industry and i would be castrated if i gave my opinion on that without having more info.
If your unsure or having doubts, speak to a broker. They will guide you through it all... just avoid estate agent based brokers.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 -
ACG
The broker I spoken to was from the recommendation from the developer,
Not sure how good he is as I can't see any review, he said he is independent and doesn't charge arrangement fees or would it be better to go straight to bank0 -
If you go to a bank your limiting yourself to just their products.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
-
are there products out there that are better than going direct to a bank?
or is it more about finding the lender that will lend you money?0 -
even with government equity loan help shouldnt this be less risky for the lender.
i.e When you know at least 30% to 35% loan are secure?
A common fallacy. Mortgage lending is a low margin low profit business. So what lenders are looking for is people that are more than likely going to make 300 monthly payments on time and without issue.
Mortgage processing is to weed out the undesirables and those borrowers that don't meet the lenders target market.
While property gives security. Repossession is an expensive and time consuming exercise. That lenders ideally wish to avoid.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards