Nationwide or TSB

SomeDaySoon_2

Hi All,

We have seen a house that we are really interested in, and have a second viewing next weekend where we are taking our parents along for a second opinion (assurances). So ive spent the day doing research into what our best offers would be as first time buyers should be decide to make an offer next weekend. The sellers are desperate for a quick sale, and we would love to be in asap so really want to be ready to get things moving.

Our best options so far seem to be Nationwide and TSB ( 90% LTV, both offering 10 year fixed). So i guess our main questions are:

1) In terms of processing the application, is there a significant difference between nationwide and TSB?
2) Am i missing any other lenders that offer a 10 year fixed? We have looked at 5 year fixed but like the thought of security in the 10 year and the price difference isnt too bad.
3) Is it worth me finding a solicitor this week in preparation for making an offer next weekend, or shall we wait?
4) Am i being foolish for not consulting a broker? My reluctance is mainly due to whether this will slow down the process, and whether they would be able to find us a massively improved deal as the difference in monthly payments im finding is relatively small.

Grateful for any responses :j

ACG

As first time buyers do you think you will be in the same house for 10 years?
I would be very surprised if a broker would slow down the process, chances are they will not get you anything massively cheaper as generally speaking the rates will be within a similar area to each other. Nobody wants to step too far out of that area as they would be inundated with applications.

SomeDaySoon_2

It will definately be 5-10 years. The house we have found has two double bedrooms, one room that would fit a single, and possible room for expansion if we really needed to. Currently childless, and not intending to start a family for 5 years at least so i dont foresee anything meaning we are forced to move before then. (Famous last words)

Contemptuous

The TSB 10 year fixed rate has the added advantage of being able to leave it without ERCs after 5 years anyway. Worth considering.

amnblog

1) no
2) big decision
3) no
4) yes - they might suggest you do not take a 90ltv rate long term