Donate SIGN UP

mortgage advice

Avatar Image
Cheekystar | 12:19 Sat 03rd Jun 2006 | Business & Finance
5 Answers

we're first time buyers, any advice? what to do, where to go and what to avoid?

Gravatar

Answers

1 to 5 of 5rss feed

Best Answer

No best answer has yet been selected by Cheekystar. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

The best advice I ever received was go to the mortgage brokers John Charcol (now part of the Bradford & Bingley). They can get some fantastic deals (which are often either exclusive to them or just not advertised) and know their way around the subject really well. [No, I do not work for either Charcol or the B&B...]


I'd suggesst getting a fixed rate so that in the first couple of years when repayments will be a struggle (probably) you get no nasty surprises if interest rates rise.


If you can, get a repayment mortgage where you pay off the capital as well as the interest - much better for you in the long run, if harder initially.


Best of luck.


I am an Independent Financial Advisor with 15 years experience. You are welcome to call me on 0764404905 to discuss your circumstances.



I have nearly 20 years experience and a system that checks through over 30,000 schemes!



Over to you!



Rgds




Nigel Pether

Sorry - Phone number is 07764404905




Doh!




Nigel Pether

I say it every time there is a mortgage question, but have a look at a One Account. You can do a calculation on their website. Might mean you pay a bit more to start with but could save loads in the long run on interest.


www.oneaccount.com


Dont call Charcol, they will charge you for advice.


Call London and Country who wont - also check out moneysavingexpert.com for good all round discussion on financial matters. :o)

1 to 5 of 5rss feed

Do you know the answer?

mortgage advice

Answer Question >>