First Time Buyer, Mortgage Advice Please

Dec 31, 2003 6 Replies
D

My partner and I are interested in a mortgage. At the moment I am working but she is not. Our income for the year would be around 10,000 (maybe closer to 12,000 but using the first figure to play it safe) i think but my mother has agreed to be a guarantor to a mortgage. The house we want a mortgage for is valued at 50,000



Does anyone know of a place that would offer us a mortgage with those details in mind?



We are totally new to all this so any other advice would be very helpful, i.e websites or other information to have a look at.



Many many thanks



Dan


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T

Try John Charcol.

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no affiliation, they just seem to get recommnded a lot as a good source of advice and I dont recall seeing any negative feedback on them.

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J

In message , Tumbleweed writes

Yes they seem good but be aware that they are part of Bradford & Bingley and, as such, their mortgage products seem to come from a reduced list, not from the whole market.

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T

In reality there probably is no single impartial source of mortgage advice its just too wide. Maybe picking 2 or 3 advisors who cover the market might be the best bet.

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T

"Dan B" wrote

What size deposit do you have?

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J

In message , Tumbleweed writes

Agreed.

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J

Go to the Economist's website and read their 16 page Summer article on UK house prices and then, if you can, wait another 18 months before buying a UK property - you will probably find they are alot cheaper then than now.

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