northern rock?

homer_j_3

yes I know about the other features. If you read that post and your first post, you do say in one hand that its discretionary and then in your next that they can with no reference to the underwriting.

I wasn't aiming to undermine you or anything just that your post conflicted in the information and if I read it that you were saying it could be done, would others?

Anyway - thanks for your clarification.

Eliza,

I see where your broker is coming from but I am sure there are better ways of doing what you are doing.

You have from what I have perceived said that you do not feel that you will be there for 10 years. As Rick and I have said, you cannot rely on porting the loan so in that respect, I would maybe look towards a shorter term 5 or 7 years perhaps.

I would also maybe start to look at your last 6 months income and work out what you would realistically be able to overpay. Being self employed where your income may not be as regular and smooth as an employed person means that this flexibility is great, however, if your overpayments are not going to exceed an additional 4k pa to your exisiting mortgage payments then a lot more lenders will be able to meet your flexibility.

You have not disclosed your income and I have not had the privilege of seeing your accounts or cashflow so it is impossible to say who would be better but really work out what you need because you do pay for the flexibility with NR.

ELIZA_D

Wow......there is actually no way i would be able to overpay by 4k or at least a couple of years,i was thinking of overpaying by a £100-150 a month. I currently have an isa that i pay a 100 pound a month into and i was not sure whether i would just use this to overpay instead? My FA said that this is possible with NR to overpay and then it sort of is a repayment type of mortgage. I am positive about one thing,i dont want to be tied in for 10 years (well at least i think so!). thanks .