mortgage advice

[Cheekystar]

we're first time buyers, any advice? what to do, where to go and what to avoid?

[BigMac]

The best advice I ever received was go to the mortgage brokers John Charcol (now part of the Bradford & Bingley). They can get some fantastic deals (which are often either exclusive to them or just not advertised) and know their way around the subject really well. [No, I do not work for either Charcol or the B&B...]

I'd suggesst getting a fixed rate so that in the first couple of years when repayments will be a struggle (probably) you get no nasty surprises if interest rates rise.

If you can, get a repayment mortgage where you pay off the capital as well as the interest - much better for you in the long run, if harder initially.

Best of luck.

[baddad131]

I am an Independent Financial Advisor with 15 years experience. You are welcome to call me on 0764404905 to discuss your circumstances.

I have nearly 20 years experience and a system that checks through over 30,000 schemes!

Over to you!

Rgds

Nigel Pether

[baddad131]

Sorry - Phone number is 07764404905

Doh!

Nigel Pether

[yummymummy]

I say it every time there is a mortgage question, but have a look at a One Account. You can do a calculation on their website. Might mean you pay a bit more to start with but could save loads in the long run on interest.

www.oneaccount.com

[Tarka2006]

Dont call Charcol, they will charge you for advice.

Call London and Country who wont - also check out moneysavingexpert.com for good all round discussion on financial matters. :o)