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Go with brokers rates or try a high street bank?
ellie27
Posts: 1,097 Forumite
Other half is a contractor, we have been in contact with a broker and he has sorted our AIP and we are just going deciding which mortgage to apply for. He has suggested ....
Skipton Building society, 2 year discount.
1.75%,
4.99% after 2 year discount
When I key in the house purchase price and the amount we want to borrow there are loads more better offers than this.
He assures me this broker is a whole market broker (Power Mortgages)
I earn £21k per yr and he is a contractor, his company earned average of £95k each year in the last 3 years.
We are only looking to borrow £100k for a house purchase price of £300k.
Do we need to go through a broker? Will high-street lenders refuse us a mortgage?
We have had an offer accepted on a house with a rough date of entry mid-June, is it too late to approach a bank now?
Any advice welcome thanks!
Skipton Building society, 2 year discount.
1.75%,
4.99% after 2 year discount
When I key in the house purchase price and the amount we want to borrow there are loads more better offers than this.
He assures me this broker is a whole market broker (Power Mortgages)
I earn £21k per yr and he is a contractor, his company earned average of £95k each year in the last 3 years.
We are only looking to borrow £100k for a house purchase price of £300k.
Do we need to go through a broker? Will high-street lenders refuse us a mortgage?
We have had an offer accepted on a house with a rough date of entry mid-June, is it too late to approach a bank now?
Any advice welcome thanks!
0
Comments
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No requirement to go through a broker.
Skipton have had relatively good rates recently but if you feel you can beat what your broker is suggesting have the conversation with them - there could be a valid reason why they have not recommended those deals.
If they are truly whole of market there should be no reason why they can not get the deal you are finding (unless its HSBC/First direct).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 -
With mid June the "potential" move date, you have suitable time to shop around. Select the deals you think are better and discuss with your broker, and ask for reasons why Skipton have been selectedI am a mortgage broker. You 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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