Hi all,
I know this has come up lots of times but I was looking for any suggestions from people in my situation that have found a good deal recently.
Basically, I am looking for a mortgage for a £315k London property with 10% deposit on banking day rates (more than enough). Also, if I add together my take home last two years and my partners salary it is roughly £450k (if times by 4) so could go for a mortgage based on that rather than day rate. I only have two years of company accounts.
Best two deals I have been offered are via the contractor route are:
Tracker: 2 year tracker with C&G at 5.79% (5.29% + boe) with an arrangement fee of £1495 that can be added to the mortgage and a £99 up front booking fee
Fixed : 2 year fixed rate is with the Halifax. It's 2 years at 6.99% with an arrangement fee of £999
Anyone in a similar situation found a better deal ether contractor or high street. I am starting to go around the high st banks but my concern is that I will get the agreement in principle, pay for surveys and legal fees and then when it goes for final approval the underwriter sees it as unusual and rejects. Any comments on banks that it sailed through would be helpful (esp HSBC)
Many thanks,
Rang
I know this has come up lots of times but I was looking for any suggestions from people in my situation that have found a good deal recently.
Basically, I am looking for a mortgage for a £315k London property with 10% deposit on banking day rates (more than enough). Also, if I add together my take home last two years and my partners salary it is roughly £450k (if times by 4) so could go for a mortgage based on that rather than day rate. I only have two years of company accounts.
Best two deals I have been offered are via the contractor route are:
Tracker: 2 year tracker with C&G at 5.79% (5.29% + boe) with an arrangement fee of £1495 that can be added to the mortgage and a £99 up front booking fee
Fixed : 2 year fixed rate is with the Halifax. It's 2 years at 6.99% with an arrangement fee of £999
Anyone in a similar situation found a better deal ether contractor or high street. I am starting to go around the high st banks but my concern is that I will get the agreement in principle, pay for surveys and legal fees and then when it goes for final approval the underwriter sees it as unusual and rejects. Any comments on banks that it sailed through would be helpful (esp HSBC)
Many thanks,
Rang
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