ChatterBank2 mins ago
mortgage advice
we're first time buyers, any advice? what to do, where to go and what to avoid?
Answers
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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.