what is the best morgatage at the minute
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83SmudgeButt posteddepends - how much deposit? what's your feeling for risk? Can you deal with increasing payments if going for a tracker? you might want to try to lovemoney mortgage finder tool....
Posted on 23 February 2010 |
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14GrandJury posted
I agree with @SmudgeButt.
The best mortgage will be specific to your own circumstances: thing like your income, expenditure, loan amount, property value.
It will also be specific to your requirements: things like how long you want to be tied in, whether you want a guaranteed monthly payment and if you have plans to overpay your mortgage and/or take payment holidays.
The lovemoney.com mortgage finder tool has filters for all of those options and is found here: http://www.lovemoney.com/mortgages/search-all-mortgages.aspx
Otherwise you could speak to Tim Wilson, lovemoney.com's mortgage broker, on 0800 804 8045.
Posted on 23 February 2010 | Love 3 loves
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881MikeGG1 posted
The % you can put down as a deposit is the most critical item. That will determine how good a rate you might be able to get and narrow down the field.
I wouldn't go for a 2 year fix now. It should be at least 3 years or a Tracker. If a Tracker then try to overpay as much as you can while rates are low and then it won't cost you as much interest when rates get higher.
Mike
Posted on 24 February 2010 | Love 1 love
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