Any Mortgage advisors amongst you?

Vanda · Post by **Vanda** » Thu Aug 28, 2003 7:58 pm

Even more scared now!!!! Aaagh!!

Derek · Post by **Derek** » Thu Aug 28, 2003 8:22 pm

rob · Post by **rob** » Thu Aug 28, 2003 9:12 pm

for those of you that want the spreadsheet then please e-mail me and I will send it by return. Use the address below.

mortgage-spreadsheet@rob-moore.co.uk

RTF · Post by **RTF** » Thu Aug 28, 2003 11:39 pm

Well i've been a mortgage advisor (and did lot's of other things at the bank) at my previous job.
But i can't help you with this one, because our legal and tax systems are so much different. Finance on houses is here usually 75%-125%. But we can deduct the amount of paid interest from our tax payment.
It's very common (and cheaper in the end) to use a (life-)insurance with your mortgage or to spread the money in funds.

But one thing is true. Don't trust 'independent' mortgage advisors. Then rather go to a bank and ask for advise. Everything you hear and see which doesn't have your signature on it is free, and you can do with it what you want

Mr_AWOL · Post by **Mr_AWOL** » Sun Aug 31, 2003 11:37 am

Generally vanda avoid 'best buy' mortgages which usually only offer discounts for a few months to get into the top ten mortgage rates. Abbey National and Northern Rock are ALMOST always going to be close to the best, along with Nationwide a lot of the time. I have Â£83,000 outstanding at 3.99% with Abbey National, and can pay up to Â£10,000 per year in overpayments. Also, they hold on to your deeds for free once you have repaid as long as you leave a 50p balance on the mortgage

I am thinking of taking out another Â£20,000 - Â£30,000 on the mortgage soon and will almost certainly be going with one of these 3 lenders

Vanda · Post by **Vanda** » Sun Aug 31, 2003 3:42 pm

Are Alliance and Leicester any good?
Have found a deal with them which seems to be really good. Discount mortgage for 5 years stepped rates which are affordable, cash back free survey etc.

Is anyone with them?

Mr_AWOL · Post by **Mr_AWOL** » Sun Aug 31, 2003 6:56 pm

Never heard of em

With stepped rates it is important to compare the final rate with other people's variable rates. They are designed for people in the kind of job where your income increases steadily year on year. Vanda you are a teacher so why not buy a house out of next months salary?

Vanda · Post by **Vanda** » Sun Aug 31, 2003 8:52 pm

Because my dear boy I can't find anything for sale between the 1-2k price bracket!!

Mr_AWOL · Post by **Mr_AWOL** » Mon Sep 01, 2003 11:33 am

Because my dear boy I can't find anything for sale between the 1-2k price bracket!!

Have you tried scotland? I'm sure a place in dundee or fife cant be much more than Â£1,500

Course, you might have to get the cc bullet proofed and lock it in a nuclear bunker to stop them heroin crazed jock nicking it?!?

Or wales - its cheap to live there too. Failing that you can come live in my garage

Vanda · Post by **Vanda** » Mon Sep 01, 2003 3:21 pm

Your garage will do.......you see at some point I though I was supposed to be moving in with you Greenday and RTF but it looks like I've been let down by men yet again!!!!!

Derek · Post by **Derek** » Mon Sep 01, 2003 7:49 pm

Because my dear boy I can't find anything for sale between the 1-2k price bracket!!
Have you tried scotland? I'm sure a place in dundee or fife cant be much more than Â£1,500 Course, you might have to get the cc bullet proofed and lock it in a nuclear bunker to stop them heroin crazed jock nicking it?!?

Or wales - its cheap to live there too. Failing that you can come live in my garage

it might be cheap but it's not that cheap.

oh, did you say dundee ? ok then

Greenday · Post by **Greenday** » Tue Sep 02, 2003 1:53 am

Your garage will do.......you see at some point I though I was supposed to be moving in with you Greenday and RTF but it looks like I've been let down by men yet again!!!!!

Don't worry i was waiting for the others to forget so i can have you all to myself

Vanda · Post by **Vanda** » Tue Sep 02, 2003 7:33 pm

Okay, my lips are sealed then...... let me know when you forget about it you guys okay!?!!