what mortgage ????

gazpacho_uk

cutting a long story short, our house has been on the market for about 6 months. We have a reservation on a new build and HAD a mortgage in place. the sale of our house fell through, but we now have another offer which is looking promising. We went back to Lloyds TSB who offered the original mortgage, but that offer is no longer available. The new house cost is £180,000 (down from 210,000). We will have £60,000 from our house sale (after paying off current mortgage) and £60,000 from savings leaving us to borrow £60,000. Also have an endowment which is not currently linked to our mortgage which matures in 2017 worth approx £49,000.
I have been frantically looking for a good mortgage deal similar to the one we were offered a few months ago, but nothing seems to be anywhere near. Can anyone help advise what mortgage we can look at with regards to our circumstances and the uncertain behaviour of the current economic situation

sarkin1

Hi cold soup, have you spoken to a broker yet, you have not made it clear if you want a fixed rate, tracker or discount. Interest only or repayment.

payless

generally deals are somewhat more expensive than say even 2 months ago

gazpacho_uk

sarkin1 wrote: »

Hi cold soup, have you spoken to a broker yet, you have not made it clear if you want a fixed rate, tracker or discount. Interest only or repayment.

From all the advice on the forum, I think a fixed rate is the way to go !