First Time Buyer - Rates

Ady87

Hi all. Contacted a mortgage advisor for the first time and this is what they initially came back with. Is this about what is expected or could this vary depending on who I speak to?

Borrowing £270k (£300k total + 10% deposit) - FTB

Fixed 2 year 4.89%

Fixed 3 year 4.89% 

Fixed 5 year 4.56%

Appreciate this post is missing numerous variables and I’m happy to fill in the gaps. If people in a similar position have achieved better (or worse) I’d like to try get a tighter grip on that information to understand what I can or can’t do to drive things the right way between now and June when I aim to buy. 

JamieJ89

Yeah I think thats about right..not much movement below that at 90% LTV.

Ady87

JamieJ89 said:

Yeah I think thats about right..not much movement below that at 90% LTV.

Thanks. Starting to come to terms with it now and got to start somewhere! Will probably engage another advisor just for diligence purposes but at least I know I’m on the right track. As he said he would be taking a commission from the lender it made me wonder if they hold anything back first time around, in the way I’ve been doing in a sales environment my entire life.

penners324

Don't see what going to a different broker will achieve. They'll have access to the same mortgage products