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Mortgages - Best Deals And Deposits Required?

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Guest Daddy Bear

I hear there were 47,000 mortgages approved last month? What type of mortgages?

What is happening in the world of the mortgage market?

In particular best 10 year fix? WHAT Deposit required? AND FEES

How about 5 and 3 year fixed? Again what deposits are required to get the best deals AND FEES?

What are the best variable, tracker deals.

Anecdotal evidence preferred please - the reality is often much different to what is being advertised.

DB

Edited by Daddy Bear

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I hear there were 47,000 mortgages approved last month? What type of mortgages?

What is happening in the world of the mortgage market?

In particular best 10 year fix? Deposit required?

How about 5 and 3 year fixed? Again what deposits are required to get the best deals?

What are the best variable, tracker deals.

Anecdotal evidence preferred please - the reality is often much different to what is being advertised.

DB

As a mortgage broker I can tell you rates are crap unless you have 25% deposit first time buyer, remortgage, BTL what ever there all crap. The only thing keeping this mess togehter is the bank of mum and dad.

If you want the really good deals you need 40%

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I hear there were 47,000 mortgages approved last month? What type of mortgages?

What is happening in the world of the mortgage market?

In particular best 10 year fix? Deposit required?

How about 5 and 3 year fixed? Again what deposits are required to get the best deals?

What are the best variable, tracker deals.

Anecdotal evidence preferred please - the reality is often much different to what is being advertised.

DB

Signed up for a 5 yr fix at 4.79% in June to start September, same deal now sitting at 5.79%. Thanks HPC!

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As a mortgage broker I can tell you rates are crap unless you have 25% deposit first time buyer, remortgage, BTL what ever there all crap. The only thing keeping this mess togehter is the bank of mum and dad.

If you want the really good deals you need 40%

ah the bank of mum + dad

whole families going to go down together

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Guest Daddy Bear
yes. more than the house will be worth in 18 month's time.

yeah - i figured a deposit would be required - I want details of %

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Guest Daddy Bear
Signed up for a 5 yr fix at 4.79% in June to start September, same deal now sitting at 5.79%. Thanks HPC!

What deposit and fees?

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yeah - i figured a deposit would be required - I want details of %

im not a broker but its 5 times more expensive for banks to lend at 90% ltv than 60% so id pretty much take it that the best offers are for 40% deposit only. getting worse and worse the lower the deposit

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I'm in the process of applying for a mortgage.

It's with the Co-operative Bank and it's a 10 year fix at 5.29%,

with minimum 40% deposit.

It's the best deal I could find.

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Guest Daddy Bear
Ah well I cheat, my wife works for RBS so 85% and no fee.

naughty - nepotism - has she declared this?

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Guest Daddy Bear
I'm in the process of applying for a mortgage.

It's with the Co-operative Bank and it's a 10 year fix at 5.29%,

with minimum 40% deposit.

It's the best deal I could find.

That's the type of reply I wanted - thankyou.

Any others out there?

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hope she has a P11D

Can't see me getting a bargain can you :lol:

There are tax implications whenever the Your Bank mortgage rates are less than the official rate quoted by the HM Revenue and Customs, which is currently 4.75%. You will be taxed on the difference between the official rate and the rate of interest you pay. If you take a Your Bank product you will lose the benefit of any other employee mortgage schemes.

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