What to do first??

blink182_2

Me & my partner are looking to get a mortgage soon. We have saved a 10% deposit and 2k for fees & now we are in the process of saving up for extra funds for decorating and any work we want doing, hopefully another 2-3 paydays of saving & we will be ready.

We want to go to an independent mortgage advisor in order to get the best deal for us. I got an agreement in principle from HSBC to say they could possibly lend us 90k with a 10k deposit (so 100k house) however when they do these agreements in principles they don't go through all the details its just a brief overview. Do we go to see the independent advisor now to find out abit more of what we will be able to get as we are only going from what HSBC said we might be able to get, I don't want to start looking for house's and find something that I love to then find out we aren't able to get that amount when we come to see the advisor??

Shall we go to see the advisor now or wait a bit longer?

betmunch

I wouldn't be worried if someone came to me that was 3 months away from buying.


I say get something booked in now so you know where you stand

Debtslayer

I would contact a mortgage broker now. At least you will then know what value properties you can look for. You say you are a couple of months away from looking; but remember if you found somewhere now it will take 2 - 3 months for everything to go through until you get the keys anyway
Also an independent broker will check the whole of the market for you and get the best product for you; rather than just contacting one lender.