Hi all, just accepted an offer of 104k on our property and have had an offer of 156k accepted on the property we want. The 104k is all capitol as we own the property outright, so our mortgage will only be 52k . the house needs some work so we plan on getting around a 60k mortgage loan and are leaning towards a 5 year fix. The mortgage will be only in my name and I will be paying it as my partner owns our current home so is providing the capitol. I currently earn around 37k a year. I know the minimum when it comes to mortgages but as ourswill be small is there any lower interest loans out there that are better value for money??
I have met with an advisor who couldnt beat any of the recent deals I have seen on the net for 5 year fixes etc. As this is my first mortgage and my situation is fairly good with having a large deposit and only needing a small loan, is there any advice that the mortgage pros on the forum can give to a relative newbie in the property market, in regards to my options and any good deals out there.
Thanks in advance
I have met with an advisor who couldnt beat any of the recent deals I have seen on the net for 5 year fixes etc. As this is my first mortgage and my situation is fairly good with having a large deposit and only needing a small loan, is there any advice that the mortgage pros on the forum can give to a relative newbie in the property market, in regards to my options and any good deals out there.
Thanks in advance