Broker mistake - mortgage worries from the off

Typhoon2000

Just go with the 35yr term and overpay. Gives you flexibility you otherwise don't have with a 25yr term. If you make the same monthly payment as you would over a 25 year term it wont cost you a penny extra.


Anyways you will be wanting to remortagage to a better deal when your fix runs out so you can go back to whatever term you want once you credit card is paid off.

Markeg1

I'd ask for the detail on all of the options available to you - I got tables showing monthly payment, interest incurred and balance by year which enabled me to make an informed decision as to what was the best mortgage for me. If he is saying the 35 year deal is the best deal ask him to demonstrate how he makes that assumption and why other options do not suit your circumstances.

It doesn't appear that you have paid a deposit yet or signed a n agreement, so it is very much in your gift to make sure you get the right deal.