Mortgage Brokers

[tunnie]

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 

[aaronjb]

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.

[tunnie]

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.

[Kevin Wood]

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.

[Kevin Wood]

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

Paid it off on Tuesday.

[aaronjb]

Paid it off on Tuesday.

Hate you both  74% LTV and 31 years remaining...

[tunnie]

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 

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

Paid it off on Tuesday.

You can go off people. 

Congrats 

[Field Marshal Dr. Opti]

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.

[Kevin Wood]

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

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....

[aaronjb]

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

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....

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

[tunnie]

Paid it off on Tuesday.

Hate you both  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. 

[Field Marshal Dr. Opti]

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.

[Field Marshal Dr. Opti]

Paid it off on Tuesday.

Hate you both  74% LTV and 31 years remaining...

Paying your mortgage well into your nineties then

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

[aaronjb]

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.

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.

Hate you both  74% LTV and 31 years remaining...

Paying your mortgage well into your nineties then

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

I have two words, the second one is off 

[Field Marshal Dr. Opti]

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.

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.

Hate you both  74% LTV and 31 years remaining...

Paying your mortgage well into your nineties then

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

I have two words, the second one is off 

Only trying to help.