Ben G
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Registered: 12th Jan 07
Location: Essex
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finally got my mortgage sorted out. we went to an estate agents last summer but the mortgage advisor there was faffing about and spent ages sorting loads of bits out.
we decided to fuck the estate agents off and went to halifax on saturday, and came out 45 minutes later with a mortgage promise for 180k (can borrow up to 221k). so much easier.
3 years fixed rate of 6.39%, paying back £960 odd for the 3 years, then after that it'll go down to £630.
we went to natwest who couldn't touch it so i'm glad that's sorted.
found a house we want so putting an offer in for it today, just hope it gets accepted 
moral of the story, go directly to a bank to get your mortgage and not a mortgage advisor in an estate agents.
[Edited on 30-06-2010 by Ben G]
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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Nice one mate 
[Edited on 08-03-2010 by Conway563]
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Colin
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Registered: 4th Apr 02
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I done the going straight to the bank 1st time and it was so much easier, the financial advisors we get recommended to use the 2nd time round were a pain in the hoop and seemed more interested in what extras they could sell us.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
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yep straight to the bank for me too, the mrs had an account with them when she was a nipper too so got a lower rate
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Ben G
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Registered: 12th Jan 07
Location: Essex
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yeah same as us. got 0.2% off which doesn't seem a lot but over 35 years it is 
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Fro
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Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
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scoob
Premium Member
Registered: 16th Oct 03
Location: Beverley, E Riding of Yorkshire
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halifax for me to, was sorted in under an hour
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ash_corsa
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Registered: 15th Apr 04
Location: Shrewsbury
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How much deposit you putting down on £180k bud?
Could you not have got a lower rate?
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Ben G
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Registered: 12th Jan 07
Location: Essex
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10% deposit on 180k, so 18k. our 176k got accepted so we have £17600 deposit to put down.
could've got a lower rate is we had saved 25% deposit but thats 30k+ which is far too much to save in this short time.
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_Allan_
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Registered: 24th Mar 04
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Congrats Ben, I'm so glad we got together the 25% for ours. At the rates now we'd be paying an extra £90 a month, have a monster booking fee and valuation on top. 
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ash_corsa
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Registered: 15th Apr 04
Location: Shrewsbury
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quote:
Originally posted by Ben G
10% deposit on 180k, so 18k. our 176k got accepted so we have £17600 deposit to put down.
could've got a lower rate is we had saved 25% deposit but thats 30k+ which is far too much to save in this short time.
Fair play with the £17k deposit, must have taken some hard saving!
Me and the Mrs had to put £11k down on our place, was horrible handing it over to the solicitors!
Best thing ever thou having your own place and i havent even lived in mine yet, nearly done now, should really get a progress thread going!
Best of luck with it all bud.
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AlunJ
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Registered: 3rd Apr 07
Location: Newport
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well done fella! :-) at least thats the hard part sorted! I take it you've found somewhere you like?
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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I'm with the Halifax - Staff rate though 
Corsa 2.0 16v Vegas - Sold
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by AlunJ
well done fella! :-) at least thats the hard part sorted! I take it you've found somewhere you like?
yes mate, this 2 bed semi in chafford hundred, about 15 minutes from where i currently live and a 10minute drive to work.
http://www.rightmove.co.uk/property-for-sale/property-24070327.html?minPrice=170000&maxPrice=180000&minBedrooms=2&maxBedrooms=2&includeSSTC=true&_includeSSTC=on&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E5950%26minPrice%3D170000%26maxPrice%3D180000%26minBedrooms%3D2%26maxBedrooms%3D2%26includeSSTC%3Dtrue%26_includeSSTC%3Don
it's sooooo difficult buying a house. the amount of paperwork is immense
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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quote:
Originally posted by Ben G
go directly to a bank to get your mortgage and not a mortgage advisor in an estate agents.
Ditto that.
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Fad
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Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
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Very nice Ben, I almost moved to Chafford hundred when they first started developing it!
Mental how cheap it is compared to just literally over the river.
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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quote:
Originally posted by Ben G
quote:
Originally posted by AlunJ
well done fella! :-) at least thats the hard part sorted! I take it you've found somewhere you like?
yes mate, this 2 bed semi in chafford hundred, about 15 minutes from where i currently live and a 10minute drive to work.
http://www.rightmove.co.uk/property-for-sale/property-24070327.html?minPrice=170000&maxPrice=180000&minBedrooms=2&maxBedrooms=2&includeSSTC=true&_includeSSTC=on&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E5950%26minPrice%3D170000%26maxPrice%3D180000%26minBedrooms%3D2%26maxBedrooms%3D2%26includeSSTC%3Dtrue%26_includeSSTC%3Don
it's sooooo difficult buying a house. the amount of paperwork is immense
Wait until you get the bills for it all. Legal Bill, mortgage arrangement fee, Stamp Duty. That's all on top of the deposit .
Corsa 2.0 16v Vegas - Sold
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Ben G
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Registered: 12th Jan 07
Location: Essex
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i've got that already phil, £3027 
stamp dutys the killer
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A2H GO
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Registered: 14th Sep 04
Location: Stoke
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Congrats dude. We sorted our 1st mortgage with Halifax last year, the financial advisor could'nt get anywhere near the rate we got going direct, they are a waste of time.
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Carl
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Registered: 9th May 04
Location: Jimmy Bennett's la la land.
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We went with a broker, make sure they are whole of market though then they aren't just pushing a certain product. Ours helped us no end with the process.
Seperate to that Ben, you say you have a 3 year fixed and after that it goes down to £630, how do you know what the rate will be after the 3 years? I thought it went variable after the fixed term so it would be dependant on the interest rates?
Congrats by the way!
[Edited on 12-03-2010 by Carl]
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AlunJ
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Registered: 3rd Apr 07
Location: Newport
User status: Offline
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quote:
Originally posted by Ian
quote:
Originally posted by Ben G
go directly to a bank to get your mortgage and not a mortgage advisor in an estate agents.
Ditto that.
I made that mistake but then again it was helpful to have someone to fall back on who knew the whole process.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by Carl
We went with a broker, make sure they are whole of market though then they aren't just pushing a certain product. Ours helped us no end with the process.
Seperate to that Ben, you say you have a 3 year fixed and after that it goes down to £630, how do you know what the rate will be after the 3 years? I thought it went variable after the fixed term so it would be dependant on the interest rates?
Congrats by the way!
[Edited on 12-03-2010 by Carl]
yeah of course it's in line with the rates. hopefully they won't go up too much though 
cheers
the survey/valuer guy went out today, we paid for a level 2 valuation (£540), waiting to hear back from them, will most likely be next week now.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by AlunJ
quote:
Originally posted by Ian
quote:
Originally posted by Ben G
go directly to a bank to get your mortgage and not a mortgage advisor in an estate agents.
Ditto that.
I made that mistake but then again it was helpful to have someone to fall back on who knew the whole process.
we went to an estage agents last june as we were going to buy a property then and saw one of their mortgage advisor.
he did go through it in far more detail than a bank mortgage advisor and it was helpful at the time to understand everything involved.
second time round we just went for the easier and quicker option though.
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Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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I can't believe how cheap that is compared to over here!
Nice one Ben must be scary owning your own place the thought of me ever having one scares me tbh. And 18k deposit  fair play
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smcGSI16V
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Registered: 26th May 03
Location: Farnborough Drives: Thurlby 888 CDTi No.98
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Well done, nothing beats owning your own home.
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