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Author Topic: Mortgage Brokers  (Read 10253 times)

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tunnie

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Mortgage Brokers
« on: 04 May 2018, 09:38:22 »

Anyone used one recently? Do they actually manage to provide a better deal than high street options?

It's renew time this year, looking to wrap this into a house move as well. I want to go fixed rate for 5 years, to ride out what ever the Brexit storm is.

Probably going to go with Halifax again, as all my stuff is with them. 1.79% fixed for 5 Years is about best I can do with them.

Trouble is we've seen a house we really like, but I doubt I can find another 100k behind the sofa  ;D ;D
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aaronjb

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Re: Mortgage Brokers
« Reply #1 on: 04 May 2018, 09:49:57 »

That sounds like a great deal to me - or your LTV is fantastic - as the best I can find is ~1.89% on 5 years, mostly from places I've never heard of..

I used a broker last time, but I'm not sure he found a better deal than I could have found myself, just that he did all the leg work for me.
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tunnie

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Re: Mortgage Brokers
« Reply #2 on: 04 May 2018, 09:55:00 »

That sounds like a great deal to me - or your LTV is fantastic - as the best I can find is ~1.89% on 5 years, mostly from places I've never heard of..

I used a broker last time, but I'm not sure he found a better deal than I could have found myself, just that he did all the leg work for me.

LTV is shade under 40%, so I can get the better rates. I'm tweaking the term slightly, so we can get the budget we need. Adding 2 years, so back to 20 year term. (yes I know, should not do it really)

I need another 100k for the dream house, which actually breaks all our rules on location but it's just stunning. (Victorian conversion, open plan) So unless I go 30 year term, it's not going to happen.

In reality, probably will stick with Halifax, 20 years, as I doubt could get much better than 1.79 over 5 years.
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Kevin Wood

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Re: Mortgage Brokers
« Reply #3 on: 04 May 2018, 10:36:31 »

I have been very happy with London & Country in the past - in fact, I think I can send you a referral that might give us both some perks if you're interested?

They've always got me a very good deal.
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Kevin Wood

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Re: Mortgage Brokers
« Reply #4 on: 04 May 2018, 10:38:43 »

.. and, actually, the deal they got me was with Halifax.

Paid it off on Tuesday. :D
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aaronjb

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Re: Mortgage Brokers
« Reply #5 on: 04 May 2018, 10:40:18 »

Paid it off on Tuesday. :D

Hate you both  :P ;D 74% LTV and 31 years remaining...
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tunnie

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Re: Mortgage Brokers
« Reply #6 on: 04 May 2018, 10:43:14 »

I have been very happy with London & Country in the past - in fact, I think I can send you a referral that might give us both some perks if you're interested?

They've always got me a very good deal.

Yes please do, always worth taking a look  :y


.. and, actually, the deal they got me was with Halifax.

Paid it off on Tuesday. :D

You can go off people.  :D

Congrats  :y
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Field Marshal Dr. Opti

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Re: Mortgage Brokers
« Reply #7 on: 04 May 2018, 10:44:04 »

I currently have several repayment mortgages draining what little wealth I have. I once took out an endowment mortgage. The scars are still raw. :(

One part of one mortgage is 'interest only' which is essentially the same as paying rent......so dead money. Not a good idea but necessary at the time. :-\ I owe around £43000 ( down from £86000 on this part alone at 3.75%) :-\. I plan to pay this off completely in October when the 5 year term is up.

The higher the LTV the better deal you'll get. Interest rates will rise shortly so 1.79% seems a good deal.
« Last Edit: 04 May 2018, 10:45:59 by Field Marshal Dr. Opti »
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Kevin Wood

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Re: Mortgage Brokers
« Reply #8 on: 04 May 2018, 10:46:56 »

Retrieved from the Trash folder, as it came the other day and was fresh in my mind:

Quote


Refer a friend to win...   
 ... the chance for a mortgage payment break   
 There's now a new and easy way for you to refer friends and family online via our
website.
 
 Refer a friend now
 
 Remember, for every referral you make, both you and the person you refer will get
the opportunity to win your mortgage paid for 6 months up to the value of £750.

Yebbut... erm.... >:(
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aaronjb

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Re: Mortgage Brokers
« Reply #9 on: 04 May 2018, 10:49:05 »

Retrieved from the Trash folder, as it came the other day and was fresh in my mind:

Quote


Refer a friend to win...   
 ... the chance for a mortgage payment break   
 There's now a new and easy way for you to refer friends and family online via our
website.
 
 Refer a friend now
 
 Remember, for every referral you make, both you and the person you refer will get
the opportunity to win your mortgage paid for 6 months up to the value of £750.

Yebbut... erm.... >:(

 ;D ;D ;D Also is that £750 in total, or £750 a month? That'd either be 10% or 57% of my mortgage, respectively ;D
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tunnie

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Re: Mortgage Brokers
« Reply #10 on: 04 May 2018, 10:49:33 »

Paid it off on Tuesday. :D

Hate you both  :P ;D 74% LTV and 31 years remaining...

How does that work, is your retirement age (in the mortgage) set to like 70/75 or something?  :-\

As that's only way I could afford this dream house, one part of me thinks it's a good idea. The Little Miss Tunnie's are 6 months and 4 years, so we could do with nicer bigger house now, make house work for us now as we need it.

We could look to downsize later, in around 15-20 years, therefore reducing mortgage. When we don't need such a big house....

Quick calculation on dream house would put me at LTV of 50%, which does not appear so bad compared to yours.  :-\ :-\
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Field Marshal Dr. Opti

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Re: Mortgage Brokers
« Reply #11 on: 04 May 2018, 10:55:48 »

Average age of first time buyer is constantly getting older. Especially in London where the average age of the first time buyer is now 81. :)

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Field Marshal Dr. Opti

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Re: Mortgage Brokers
« Reply #12 on: 04 May 2018, 11:00:59 »

Paid it off on Tuesday. :D

Hate you both  :P ;D 74% LTV and 31 years remaining...


Paying your mortgage well into your nineties then :D

Let me help. I'll take the finished Cobra off your hands for £2500. :)
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aaronjb

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Re: Mortgage Brokers
« Reply #13 on: 04 May 2018, 11:09:31 »

How does that work, is your retirement age (in the mortgage) set to like 70/75 or something?  :-\

I assume so.. remember that broker who did everything? ;)

It's not so bad, as long as you know that at some point you're going to want to start overpaying so it's gone earlier - which is fine if you assume you have a good few years of salary increase left in you. I'm (probably) at the top of the bell curve for my salary, so .. I'll just work until I die, and then another six months after that.

Quote
Quick calculation on dream house would put me at LTV of 50%, which does not appear so bad compared to yours.  :-\ :-\

I don't think I've ever had an LTV as low as mine is now...

Paid it off on Tuesday. :D

Hate you both  :P ;D 74% LTV and 31 years remaining...


Paying your mortgage well into your nineties then :D

Let me help. I'll take the finished Cobra off your hands for £2500. :)

I have two words, the second one is off  :P
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Field Marshal Dr. Opti

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Re: Mortgage Brokers
« Reply #14 on: 04 May 2018, 11:13:18 »

How does that work, is your retirement age (in the mortgage) set to like 70/75 or something?  :-\

I assume so.. remember that broker who did everything? ;)

It's not so bad, as long as you know that at some point you're going to want to start overpaying so it's gone earlier - which is fine if you assume you have a good few years of salary increase left in you. I'm (probably) at the top of the bell curve for my salary, so .. I'll just work until I die, and then another six months after that.

Quote
Quick calculation on dream house would put me at LTV of 50%, which does not appear so bad compared to yours.  :-\ :-\

I don't think I've ever had an LTV as low as mine is now...

Paid it off on Tuesday. :D

Hate you both  :P ;D 74% LTV and 31 years remaining...


Paying your mortgage well into your nineties then :D

Let me help. I'll take the finished Cobra off your hands for £2500. :)

I have two words, the second one is off  :P


Only trying to help. :) ;)
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