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Getting a mortgage with 5% deposit?
Comments
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No problem, glad to have helped. there are some lenders who don't accept business from brokers, or only through select brokers.
HSBC
TESCO
BANK OF IRELAND
TSB/LLOYDS
FIRST DIRECT
Off the top of my head, may be one or two othersI am a Mortgage Adviser
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 -
MortgageMamma wrote: »No problem, glad to have helped. there are some lenders who don't accept business from brokers, or only through select brokers.
HSBC
TESCO
BANK OF IRELAND
TSB/LLOYDS
FIRST DIRECT
Off the top of my head, may be one or two others
Just as an FYI, Tesco Bank will be offering through a broker network sometime this year. John Charcol believed to be one of the brokers.0 -
Can you please elaborate on what you mean by the "capital and interest repayment method"? And what other repayment methods are there besides that?
Interest Only is the other method (you only pay the interest element without ever paying off the capital). Not generally available to applicants of residential owner occupier mortgage products unless the applicant satisfies very strict criteria (e.g. HSBC only consider where at least one applicant earns £100K+ and can demonstrate a viable plan to repay the capital at the end of the term).0 -
Thanks for that Malmo
Only Student Loans to get rid off (Plan 1)0 -
Im hopefully completing on my house on the 27th of April. I bought with a 5% deposit for a property worth 94k. I suppose it all depends on your salary and incomings but it can be done.
I used London & county as a FTB I didnt have a clue, they where helpful and found me a mortgage with Accord and made the mortgage process easy (Still stressfull). They are a "free" advisor, I presume they get there money from somewhere but did not cost me upfront0 -
They get commission from the lenderI am a Mortgage Adviser
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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