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Author Mortgages:
Daniel_Corsa
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Registered: 21st Apr 04
Location: Wigton, Cumbria
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25th Aug 10 at 08:11   View Garage View User's Profile U2U Member Reply With Quote

First time buyers...

Where have you found best for mortage lenders, been to look at a house last night!

Looking to make an offer but want to speak to a few lenders first!

Been to see two so far:
Lloyds TSB and my local building society

Anyone make any suggestions for best deals or is each case very different!

85 - 90% LtV mortgages!

[Edited on 25-08-2010 by Daniel_Corsa]


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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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25th Aug 10 at 08:14   View Garage View User's Profile U2U Member Reply With Quote

Britannia have some good deals on 85%-90% LTV for new customers. Won't do above 85% for existing customers though

[Edited on 25-08-2010 by LiVe LeE]
A2H GO
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Registered: 14th Sep 04
Location: Stoke
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25th Aug 10 at 11:21   View User's Profile U2U Member Reply With Quote

Dont bother with Britannia, i work for them, we tried was a pain in the arse.

6 weeks later went with Halifax and was no hassle at all.

My mates also currently going through an application with Britannia, hes put down £28k and they've still asked for more deposit, useless.

[Edited on 25-08-2010 by A2H GO]
dan_m1les
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Registered: 8th May 06
Location: Burnham, Buckinghamshire
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25th Aug 10 at 12:23   View User's Profile U2U Member Reply With Quote

I've heard good things of halifax and mortgages!
RichR
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Location: Waterhouses, Staffordshire
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25th Aug 10 at 12:29   View Garage View User's Profile U2U Member Reply With Quote

I don't have any issues with Britannia, service is good, member bonus each year is welcome and got a good rate - only thing that pissed me off was that I was at 85.9%LTV and they said I could have the mortgage, it was all fixed and ready to go, then they turned around and said they'd made a mistake and I would have to pay a lump sum off the mortgage to drop below the 85% mark. Ok I got a better rate, but I really would have preferred the cash in the bank for the renovations.

That aside, I don't have any issues with them

[Edited on 25-08-2010 by LiVe LeE]
Ben G
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Registered: 12th Jan 07
Location: Essex
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25th Aug 10 at 15:45   View User's Profile U2U Member Reply With Quote

i'm with halifax.

went in the bank, sat down for half an hour and came out with a mortgage promise. so easy!

we got a 90% mortgage at 6% which isn't that good compared to 75% mortgages but we didn't have 25% deposit as the houses are expensive here, but it's fine for us.

we went to natwest after and they said we would need to come back another day to 'talk things over'. i just laughed, told them about halifax and left.

mongs, they are.
AndyKent
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Registered: 3rd Sep 05
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25th Aug 10 at 16:29   View User's Profile U2U Member Reply With Quote

I've just been approved with First Direct.

3.5% over base tracker type mortgage at bang on 85% LTV.
£99 arrangement fee too which I think was one of the cheapest I came across.
AdamF
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Registered: 24th Apr 02
Location: Bexhill, East Sussex
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25th Aug 10 at 17:42   View Garage View User's Profile U2U Member Reply With Quote

we spoke to an independant financial advisor who gave us loads of options

we ended up going with santander at 3.89% fixed for 3 years
Cavey
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Registered: 11th Nov 02
Location: Derby
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25th Aug 10 at 17:51   View User's Profile U2U Member Reply With Quote

Halifax had good rates when we were looking, but we missed out because i'm only on a 25hr contract, even tho i do 40 and had proof of that, they wouldnt let us.

Had to go for 4 RBS in the end, at 1% more, 5.49 on 70% ltv
Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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25th Aug 10 at 18:08   View User's Profile U2U Member Reply With Quote

Not suprising really as all they care about is assured wages so its whats contracted that they care about.
A2H GO
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Registered: 14th Sep 04
Location: Stoke
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25th Aug 10 at 19:36   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by LiVe LeE
I don't have any issues with Britannia, service is good, member bonus each year is welcome and got a good rate - only thing that pissed me off was that I was at 85.9%LTV and they said I could have the mortgage, it was all fixed and ready to go, then they turned around and said they'd made a mistake and I would have to pay a lump sum off the mortgage to drop below the 85% mark. Ok I got a better rate, but I really would have preferred the cash in the bank for the renovations.

That aside, I don't have any issues with them

[Edited on 25-08-2010 by LiVe LeE]


Thats us, you and my mate that have all got to the very final stages and they've said, 'hang on we need more money!'. We were gutted, 1st time buyers, excited about nearing completion date and at the last min they backed out. Luckily my mate had the extra deposit from parents but we had to go elsewhere. Member bonus is worth nothing really, looks good getting £40 a year in your bank but it only comes out of the profits it makes from charging inflated interest rates anyway, i.e. Money you paid to them.
Bart
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Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
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26th Aug 10 at 07:16   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by dan_m1les
I've heard good things of halifax and mortgages!


we have not long started a halifax mortgage, they was one of the better lenders.
coincidently, I think they're owned by Santander, I think they own most companies now!
Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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26th Aug 10 at 11:54   View User's Profile U2U Member Reply With Quote

I'm with Halifax, had no issues.

Can be twats for banking though if you are not careful.
Cavey
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Registered: 11th Nov 02
Location: Derby
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26th Aug 10 at 13:19   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Rob_Quads
Not suprising really as all they care about is assured wages so its whats contracted that they care about.


Yeah, I know there was nothing we could do about it, can't get a better contract at work either and hoped P60 from last year, and every payslip from this year would of been good enough, but unfortunately not, so had to pay a bit more for someone who would accept us. All good now though
Daniel_Corsa
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Registered: 21st Apr 04
Location: Wigton, Cumbria
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27th Aug 10 at 10:21   View Garage View User's Profile U2U Member Reply With Quote

Shall go see Halifax tomorrow, I'm already a customer so hopefully have a decent deal!


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Ben G
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Location: Essex
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27th Aug 10 at 20:25   View User's Profile U2U Member Reply With Quote

they give you 0.5% off for being an existing customer
VegasPhil
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Registered: 16th Jan 05
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29th Aug 10 at 10:12   View Garage View User's Profile U2U Member Reply With Quote

Post office is coming up cheapest this month. My advisor can't touch it


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VegasPhil
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Registered: 16th Jan 05
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29th Aug 10 at 10:13   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Bart
quote:
Originally posted by dan_m1les
I've heard good things of halifax and mortgages!


we have not long started a halifax mortgage, they was one of the better lenders.
coincidently, I think they're owned by Santander, I think they own most companies now!


Halifax is part of Lloyds now.

I'm with them for mine!


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Edd
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Location: Glasgow
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29th Aug 10 at 18:58   View User's Profile U2U Member Reply With Quote

santander own abbey for intermediaries, alliance and leicester and bradford and bingley
Daniel_Corsa
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Registered: 21st Apr 04
Location: Wigton, Cumbria
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31st Aug 10 at 20:32   View Garage View User's Profile U2U Member Reply With Quote

Lloyds TSB tomorrow then think about making an offer if we still like the place after a second viewing!

Only thing making me bit 50/50 is a small bathroom maybe just used with being at home and having a decent sized bathroom


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stuartmitchell
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Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
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1st Sep 10 at 12:06   View User's Profile U2U Member Reply With Quote

We got ours with Accord mate. Think they are owned by Yorkshire building society. So far so good!
Daniel_Corsa
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Registered: 21st Apr 04
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1st Sep 10 at 14:16   View Garage View User's Profile U2U Member Reply With Quote

Well today's went well, got told no problems borrowing the amount at 85% or 90% LtV got Halifax and an Independant booked for Sat! To see if we can get better deals!

Best was 5.79 fixed for 2years or 6.19 fixed for 2 years with no fee!

Scary seeing the final repayment amount!!


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AndyKent
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Registered: 3rd Sep 05
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1st Sep 10 at 18:01   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Daniel_Corsa
Well today's went well, got told no problems borrowing the amount at 85% or 90% LtV got Halifax and an Independant booked for Sat! To see if we can get better deals!

Best was 5.79 fixed for 2years or 6.19 fixed for 2 years with no fee!

Scary seeing the final repayment amount!!


Same with me. On mine they also put down that for every £1 you borrow you pay back something like £1.33 at current rates! Makes you wish you hadn't wasted so many hundreds of quid on random crap in the past
Bart
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Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
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2nd Sep 10 at 07:25   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by VegasPhil

Halifax is part of Lloyds now.

I'm with them for mine!


strange, maybe Santander own the mortgages side.

*edit* ah; http://www.yorkshirepost.co.uk/businessnews/Santander-could-take-on-Halifax.6400286.jp

[Edited on 02-09-2010 by Bart]
Daniel_Corsa
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Registered: 21st Apr 04
Location: Wigton, Cumbria
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3rd Sep 10 at 10:52   View Garage View User's Profile U2U Member Reply With Quote

HSBC seem to be cheapest on paper currently!

If the property was £150,000 and had not received an offer since April! How low of an offer would you be tempted to place!

Worst they can say is no and go back with a higher offer?!


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