Mortgage & Financial Advice Needed.

[fizzwheel]

Originally Posted by Gnan

523 + insurances! i pay half that with everything in

I bought my house in August 2004. I couldnt afford to buy it now. One next door to me just sold for £126K

Originally Posted by Gnan

523 + insurances! i pay half that with everything in

could be a longer term of loan? or you could have a very good intrest rate.

shop around for building and contence insurance, try not to take the lenders insurance's its normaly astronomical! northen rock are a good lender.

[JediGoat]

Richie

Give these guys a ring -

http://www.lcplc.co.uk/

They're an independent broker and they don't charge you a fee. They get money from the lender if you take a mortgage out via them - although they made it clear to me that I was completely within my rights to take their advice, then go direct to the lender for the same deal.

They'll go through the whole business of suitable types of mortgage, repayment term, and cost per month. Then they find you they best deal currently on the market.

HTH
Jo

[Red ones]

Originally Posted by kwak zzr

a financial advisor is a good option if you hav'nt a clue what your doing, i used one on my first property purchace but after i found out how much profit they make off you i didnt do it on my second! your solicitor will take care of all the searches ect and your lender will take care of the property survey after all they are paying for the property. all you need to do is find the mortgage for you and that is quite simple really. low first time buyer %, fixed for a term your happy with,over how many years your happy with( the more years the less monthly ££)
a financial advisor is just another bill.

I have used 2 advisors. teh first cam ein with aprice close to one i could have arranged, teh other came in at £125 per MONTH less. Find a goog one, and keep them in beer!

Originally Posted by kwak zzr

could be a longer term of loan? or you could have a very good intrest rate.

Or he could be very old and owned his house for the past 15 - 20 years.......

i went to financial advisor after separating from hubby and having to sell house. on my wages i could get a mortgage of £21k even up here you cant buy anything for that. so i got a self employed mortgage you dont have to prove income just convince financial advisor you can afford repayments.

got a mortgage of £42K in the end and had to take out sickness insurance, unemployment insurance, life insurance etc. scary time.

rich just dont be pushed into anything they can be quite pushy these guys offering you loads of money.

all the best anyway. look foward to the house warming. remember accidental insurance

I honestly suggest you avoid financial advisors like the plague. They are trained to a minimum standard and are only really interested in making themselves a profit.

If you want a good idea of what sort of mortgage you can afford and how much it'll cost then visit Bradford & Bingley which searches products from a wide range of lenders.

If you want to PM me details then I'd be happy to give you some independent pointers.

Originally Posted by nutty tart

... in the end and had to take out sickness insurance, unemployment insurance... scary time.

Case in point. The sale of insurance schemes directly benefit the independent advisors and I very much doubt these were compulsory for the mortgage you wanted.

hehe.. no i'm a savvy buyer and paid 50% of the house value

you are right about the financial advisors.. i remember when i went to look at a house in 2004, everything was good until they said i had to take insurance out (£94 a month for home insurance, £53 for redundancy and pay some ridiculous 'arrangement' fee which is just a con) - daylight robbery and i told them where to stick it

my home insurance is something like 200 quid a year including contents,they were trying to charge me over 5 times as much, robbing gits