Discussion
FTB mortgage for a flat, deposit of 25-30%, 5 year fixed if possible, if not, 3 year fixed. Probably 30 year term, maybe 35.
There are plenty of high street banks in my town that could potentially work, as I would like to be able to go in and see them at short notice if needed. Apart from different rates that each bank has, I have no idea if they are all of a muchness or whether there are any specific places that would be better for me as a sole FTB that doesn't earn a big salary.
My deposit is ready and I am in the process of booking appointments with local banks to talk to advisors, but TBH I don't have time to spare going to and from different banks, and Nationwide is my first meeting next week. I bank with Lloyds but am thinking of using Nationwide for the mortgage, and sticking with Lloyds for my current account etc.
Good idea or not? Any help is much appreciated.
There are plenty of high street banks in my town that could potentially work, as I would like to be able to go in and see them at short notice if needed. Apart from different rates that each bank has, I have no idea if they are all of a muchness or whether there are any specific places that would be better for me as a sole FTB that doesn't earn a big salary.
My deposit is ready and I am in the process of booking appointments with local banks to talk to advisors, but TBH I don't have time to spare going to and from different banks, and Nationwide is my first meeting next week. I bank with Lloyds but am thinking of using Nationwide for the mortgage, and sticking with Lloyds for my current account etc.
Good idea or not? Any help is much appreciated.
I've always used Nationwide due to being straight forward with no hassle.
Rates may not be the best but they are there or there abouts.
Fixed 5 at 3.29% with £99 fee is ok I guess (70%ltv).
Sure our resident broker will be along soon.
Rates may not be the best but they are there or there abouts.
Fixed 5 at 3.29% with £99 fee is ok I guess (70%ltv).
Sure our resident broker will be along soon.
Edited by CaptainSlow on Thursday 24th January 13:53
CaptainSlow said:
I've always used Nationwide due to being straight forward with no hassle.
Rates may not be the best but they are there or there abouts.
Fixed 5 at 3.29% with £99 fee is ok I guess (70%ltv).
Sure our resident broker will be along soon.
I remember seeing something similar on their website calculator thing, I'm not sure whether to stump up a fee to slightly lower the monthly costs or to go for a fee-less one. I'm thinking that as I will be able to pay for a fee up front without a problem then it might make sense to do that.Rates may not be the best but they are there or there abouts.
Fixed 5 at 3.29% with £99 fee is ok I guess (70%ltv).
Sure our resident broker will be along soon.
Edited by CaptainSlow on Thursday 24th January 13:53
Between 90-100k I would think, depends what the banks say, closer to 90k though.
I'm also not sure what to expect when it comes to making offers on places. I know people say that your first offer should make you cringe, but what is realistic? 5-10%? I would think that as I am not part of a chain then that must help things.
I'm also not sure what to expect when it comes to making offers on places. I know people say that your first offer should make you cringe, but what is realistic? 5-10%? I would think that as I am not part of a chain then that must help things.
Smanks said:
FTB mortgage for a flat, deposit of 25-30%, 5 year fixed if possible, if not, 3 year fixed. Probably 30 year term, maybe 35.
There are plenty of high street banks in my town that could potentially work, as I would like to be able to go in and see them at short notice if needed. Apart from different rates that each bank has, I have no idea if they are all of a muchness or whether there are any specific places that would be better for me as a sole FTB that doesn't earn a big salary.
My deposit is ready and I am in the process of booking appointments with local banks to talk to advisors, but TBH I don't have time to spare going to and from different banks, and Nationwide is my first meeting next week. I bank with Lloyds but am thinking of using Nationwide for the mortgage, and sticking with Lloyds for my current account etc.
Good idea or not? Any help is much appreciated.
I'm a Mortgage Broker There are plenty of high street banks in my town that could potentially work, as I would like to be able to go in and see them at short notice if needed. Apart from different rates that each bank has, I have no idea if they are all of a muchness or whether there are any specific places that would be better for me as a sole FTB that doesn't earn a big salary.
My deposit is ready and I am in the process of booking appointments with local banks to talk to advisors, but TBH I don't have time to spare going to and from different banks, and Nationwide is my first meeting next week. I bank with Lloyds but am thinking of using Nationwide for the mortgage, and sticking with Lloyds for my current account etc.
Good idea or not? Any help is much appreciated.
I have done, and am doing, lot's of PH'er FTB mortgages at the moment. If you want a chat, you can drop me a PM/Email so I can tell you in 5 minutes what Nationwide will take two hours to tell you
dalenorth said:
We are brokers and have used Nationwide quite a lot currently, one of my advisers would be happy to talk through things with you if you want any advice?
PM if required.
PM if required.
Sarnie said:
I'm a Mortgage Broker
I have done, and am doing, lot's of PH'er FTB mortgages at the moment. If you want a chat, you can drop me a PM/Email so I can tell you in 5 minutes what Nationwide will take two hours to tell you
Thanks I have done, and am doing, lot's of PH'er FTB mortgages at the moment. If you want a chat, you can drop me a PM/Email so I can tell you in 5 minutes what Nationwide will take two hours to tell you
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