Where to get a mortgage from...?

Smithyp1

Hello people,

I'm getting mixed views on where and who to approach regarding getting a mortgage for a first time buyer.

Is it best to speak to the bank's, building societies or go through estate agents or brokers...???

Any help would be greatly appreciated.

galileo

Talk to a broker, you could do worse than giving London and Country a call for some advice. They will take details of your exact circumstances and then hopefully come up with the best way forwaqrd. They are also fees free...

Dan_Collins_2

If you are a standard client with equity and good income then go direct. Normally I would say broker every time, but not this month!

Smithyp1

I have got appointments with the co-op bank, nationwide and the c & g this week.

Has anybody had good or bad dealings with any of the above?
Are they worth looking at or do i stay away?

Tiddler_2

If Co-op use the same admin dept for their direct applications as they do their broker apps then I would avoid like the plague. My case has taken 4 weeks to get to valuation, on a 30% LTV remo for someone borrowing 0.25 times their income.

And they can hardly say they are inundated with applications as they have a very small number of intermediaries on their panel!

If you give details of loan amount, income, deposit, credit commitments I'm sure some people will point you to the better lenders.

kewns

Hello,

i just wanted to know if it was possible to get a mortgage with out a deposit ?

Am interested in buying home at 88000 but this home would be for an ex partner
as i would rent it out to her. as she cant get one on benefits even duo she earns more than me lol

don't think you can in todays market

my income is just over 16500

kind regards

Stephen

dunstonh

If you are just picking lenders at random and booking appts then you may as well go to a broker instead as it will save you time.

sarkin

Use the broker option and do your own reasearch to compare. Chances are the broker will find the best deal unless you go to HSBC.