PLEASE READ BEFORE POSTING
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.What sort of rate/mortgage should I choose ?
Options
Mehullakhani
Posts: 65 Forumite
Hi guys
Am looking to buy a flat in N-London. I have seen one that I like, and think I can get it for 280 or so . I am in the fortunate position of being able to put down a big deposit (200k) . I would need a mortgage for about 80k, and because of other revenue streams, would be looking to pay it all off very quickly - within 5 years.
What sort of mortgage should I go for given the current economic climate, and also can I use my deposit to bargain with lenders? Any names/companies that I should be approaching ? What rate do you think I can get ?
R
Mehul
Am looking to buy a flat in N-London. I have seen one that I like, and think I can get it for 280 or so . I am in the fortunate position of being able to put down a big deposit (200k) . I would need a mortgage for about 80k, and because of other revenue streams, would be looking to pay it all off very quickly - within 5 years.
What sort of mortgage should I go for given the current economic climate, and also can I use my deposit to bargain with lenders? Any names/companies that I should be approaching ? What rate do you think I can get ?
R
Mehul
0
Comments
-
Try https://www.moneysupermarket.com, and put in 5 year repayment. There are lots of specialist mortgages for this.Save save save!!0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards