First time buyer got half the money what to do.

minority

Hey guys new here so be gentel:D

Me and my girlfriend are looking to buy a house around the 140,000 to 150,000 mark and we have roughly half of the money to put up front and the rest to be a morgage.

I am wondering what is the most financially sensible way of doing this?

I am currently looking at Nationwide fixed rate 5 year deal (hoping the morgage rate goes down by then).

Any suggestions would be great as this is well out of my territory.

The morgages I have looked at have said they loan be between 77,000 and 105,000 so I just looking for the best rate that keep money in my pocket.

homer_j_3

Welcome.

First things first, when looking for a mortgage you should not always look at what comes out of your pocket on a monthly basis alone as there are many things that can make the mortgage more expensive overall.

Nationwide are a good lender and you won't go far wrong with them if you meet their lending criteria but if you genuinely want to ensure that you want to get the right deal, why not let a mortgage adviser see if they can beat your found mortgage deal.

JoeK_3

Have you considered a five year capped?

JoeK

minority

Ye I have considered a capped morgage as it would be my prefered choice if the intrest rate was right.

I have considered a financial advisor but they keep phoning me when I am out/ at work and unable to get to take calls (I'm client facing programmer).

Any recommendations for financial advisor in Aberdeen (Scotland).