Looking at buying a new house... Seen a few available in the area I want at reasonable cost. Any advice on who the best lenders are to approach. Got about a 15% deposit available (I know I'll probably need to get a loan for 5 or 10% more).
Wait until the double-dip happens, houses will be much cheaper, and lenders will be throwing cash at you. I reckon you'll only be waiting 3-6 months.
i only ever had one mortgage, having previously worked for a bank i knew aliance and leicester had the best mortgage deals at the time so made an appointment and went in, then went to an advisor and got a better deal and some cashback not sure how things stand today in terms of 'best', as it depends. i do know however that some financial advisors and mortgage companies give better deals than banks/building societies people saying dont buy yet, but as someone with properties to sell, its hard selling at the moment so worth a 'cheeky' offer imo
Ask an "independent" advisor - most of them have their preferred lenders due to commission but ask specifically if it's the best that "Tri-gold" can offer. My missus is a mortgage administrator - Tri-gold is the system that they're meant to use to get the best offer for you from ALL lenders. If you don't think they're being honest with you, remind them of their obligation to TCF (Treating Customers Fairly) which all companies monitored by the FSA are legally required to obide by. Five years ago, small lenders were dinghying this with no comeuppance but it's a changed financial world....
Not all of the users are schoolkids like you Medro... Most are adults who will have, at some point in their life, had dealings with a Mortgage lender! It's called life experience - you may get some once you become an adult/grow up/move on from being a ****.
As other posters have already said, an advisor is the way to go. I went to two different ones (kind of) attached to estate agents although I believe they work independently from the agents. Anyway, they both came up with Nationwide as the best offer for me so it seems like they all have access to similar information. Won't cost too much to go through it with them and they take care of everything. It's the way to go bro.
I'm still stuck with Northern Rock, they put me in the bad bank Nah I've got a tracker at 2% above the BOE base rate so at 2.5% there is no reason to jump ship quite yet, thanks UK tax payer (of which I am not one) There may be another dip in the house market, but it sure as hell will not be accompanied by banks chucking cash at people. If you can find a bank to loan you then get on and don't bother speculating on the market, as if there is another crash the banks will probably shut up shop to new borrowers.
If you're first time, you're looking at a 15-20% deposit just now - I would never have got on "the ladder" if this was the case 10 years ago
also never forget your local, small building societies if you have one i remember brittannia (here in stoke) offered some really good deals
Nice one ... I was checking to see if going direct was best option but I'll stick with the IFA route.
