Hello, myself and my partner are looking to get a property
Posted: Thu May 13, 2021 8:20 pm
Hello, myself and my partner are looking to get a property (yay). we have a £45k deposit.
Purchase Price
£300,000.00
Loan Amount
£255,000.00
Interest Rate
5.65 %
Mortgage Term
35
Repayment Type
Repayment
Type of Product
Fixed
Term of Product
5
Lender Fee
£1,495.00 Added to the loan
Application Fee
£0.00
Mortgage Account Fee
£0.00
Broker Fee
£1,995.00 Payable on mortgage offer
Survey Type
Basic
Survey Fee
£375.00 Payable on application submission
Mortgage Payment
£1,394.55
He finished his IVA (got his cert) in October 2019, and started it in 2014. A Specialist broker who I have told upfront about our situation including the IVA has found us a lender with the below terms (yes I know its high but we can afford it).
Seems almost too good to be true as we only need a 15% deposit. I am not sure of who the lender is as to protect their business they wont tell me. We have been mucked about by many a lender so anyone who can provide me reassurance that there are lenders out there who will do this would be great!!! Ive been trying to work out who the lender is so I can check their criteria - is their criteria also accurate? he said he spoke to the lender direct so dont see what merit would be in lying as he wouldnt get paid.
Purchase Price
£300,000.00
Loan Amount
£255,000.00
Interest Rate
5.65 %
Mortgage Term
35
Repayment Type
Repayment
Type of Product
Fixed
Term of Product
5
Lender Fee
£1,495.00 Added to the loan
Application Fee
£0.00
Mortgage Account Fee
£0.00
Broker Fee
£1,995.00 Payable on mortgage offer
Survey Type
Basic
Survey Fee
£375.00 Payable on application submission
Mortgage Payment
£1,394.55
He finished his IVA (got his cert) in October 2019, and started it in 2014. A Specialist broker who I have told upfront about our situation including the IVA has found us a lender with the below terms (yes I know its high but we can afford it).
Seems almost too good to be true as we only need a 15% deposit. I am not sure of who the lender is as to protect their business they wont tell me. We have been mucked about by many a lender so anyone who can provide me reassurance that there are lenders out there who will do this would be great!!! Ive been trying to work out who the lender is so I can check their criteria - is their criteria also accurate? he said he spoke to the lender direct so dont see what merit would be in lying as he wouldnt get paid.