Go to an independent mortgage broker who can access the whole market, not one in a specific bank/building society or estate agency. That's your best method for getting the best rate. Rates aren't great now compared to a week ago, though. |
Reply privately, Reply in forum +quote
or View forums list | |
"What the likely hood of getting an affordable mortgage"
That really depends on so many factors. Area, income, house prices etc.
I was listening to R4 today with some people saying their repayments have increased by £500 to £600 a month
Later I was sorting through paperwork and found a letter from the mid nineties from our building society telling us our interest rate would revert to 8.5% as our fixed rate was finishing. |
Reply privately, Reply in forum +quote
or View forums list | |
I think a little time is needed, for the market to settle down. You'll then be able to see what the options are and to be able to take your decision based on that reality, that we're currently unaware of. |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By (user no longer on site)
over a year ago
|
Brokers will have rates that high street lenders don't offer directly and vice versa.
If you want to cover all the bases you need to do a bit of leg work.
So go to a variety of brokers and go online to comparison sites and go on individual lender's sites.
They distribute rates to different channels based on the traffic they have and where needs pushed.
Don't get caught out by fees/non fees as the difference in rate will usually even things out and often a lender allows you to add the fee in to the amount borrowed. All things to ask an adviser and you can have them work out comparisons of amount repaid to see if there's a benefit either way
 |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *inaTitzTV/TS
over a year ago
Titz Towers, North Notts |
This country could do with more housing. When Thatcher sold the council houses off in the 80s, the income wasn't used to build more houses, just to cut down on the cost to people of the rates. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What the likely hood of getting an affordable mortgage"
I'd hate to be trying to get a mortgage here now ,so much red tape with people that you have no choice but to dance to their tune , tbh l hate so many things with so many people regards a mortgage now , it could cost you a serious amount of money before you can build or have a house now , whatever about buying an existing property building one nowadays is a serious financial undertaking. |
Reply privately, Reply in forum +quote
or View forums list | |
Remortgaging is going to be easier than getting a new one, but it won’t be impossible. A broker will be best placed to give you the advice for the product your looking for, and on the feasibility of any application as determined by your individual circumstances. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Never had a mortgage I own my home
In all fairness I have a choice between a small mortgage an buying the family home
OR going and buying somewhere with cash "
Paid cash for mine. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Never had a mortgage I own my home
In all fairness I have a choice between a small mortgage an buying the family home
OR going and buying somewhere with cash
Paid cash for mine. "
Are you referring to your tent? |
Reply privately, Reply in forum +quote
or View forums list | |
"What the likely hood of getting an affordable mortgage
Just do your best in the meantime to not fritter earned money on rent.
"
How do you propose living somewhere without paying rent, unless it's a tent ? |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Never had a mortgage I own my home
In all fairness I have a choice between a small mortgage an buying the family home
OR going and buying somewhere with cash
Paid cash for mine. "
Wherever you lay your groundsheet, that’s your home?
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Never had a mortgage I own my home
In all fairness I have a choice between a small mortgage an buying the family home
OR going and buying somewhere with cash
Paid cash for mine.
Are you referring to your tent?"
Yeah  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What the likely hood of getting an affordable mortgage
Just do your best in the meantime to not fritter earned money on rent.
How do you propose living somewhere without paying rent, unless it's a tent ?"
Don't wanna pay rent?
Live in a tent!  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Never had a mortgage I own my home
In all fairness I have a choice between a small mortgage an buying the family home
OR going and buying somewhere with cash
Paid cash for mine.
Wherever you lay your groundsheet, that’s your home?
"
I love being in my tent! |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"What the likely hood of getting an affordable mortgage
Just do your best in the meantime to not fritter earned money on rent.
How do you propose living somewhere without paying rent, unless it's a tent ?
Don't wanna pay rent?
Live in a tent! "
Tbh I'd not be tenting as a lifestyle choice myself. A few days away in a tent as a holiday is plenty.
Certainly not suited to later years or poor health.
Each to their own |
Reply privately, Reply in forum +quote
or View forums list | |
"Look at getting a mobile home, bit cheaper than a house. Plus when you get bored of the area, it is easier to move."
Not necessarily!! Research is needed as different sites have different rules as we found out when my aunt was looking |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
