Anyone know of any good deals.. i might be moving house soon so if anyones seen a cracking deal i'd be most greatful if you could point me in the right direction!!

Anyone know of any good deals.. i might be moving house soon so if anyones seen a cracking deal i'd be most greatful if you could point me in the right direction!!

 

dont know what the house prices are like round your end mate but here they are stupid, but i no most banks now are doing 7 times your wages which is a plus i suppose. soz mate.

I have gone through 4 mortgage negotiations in the past 5 years, and every time I used a mortgage advice bureau. So much choice and so easy.

 

The only time I would go elsewhere is if an offer come and found me, like the HSBC one at the mo!

dont know what the house prices are like round your end mate but here they are stupid, but i no most banks now are doing 7 times your wages which is a plus i suppose. soz mate.

 

7x Time :wack: :wack: ...ooh..the possibilities........and the monthly bill :headvswal

 

I recomend http://www.charcolonline.co.uk - Excellent Insurance brokers IMO

I have always found this to be useful for comparing mortgages etc

 

http://www.thisismoney.co.uk/

hmph while I just get up on my soap box........

 

Right.........the problem with the housing market today is that it no longer bears any relation to earnings. It used to be that you could get 3 x income or 2 & 1/2 x joint, or something like that. What that meant was house prices roughly related to a household income.

 

But greedy lenders saw an opportunity to make ever more profits out of their customers by kind of looking the other way on income multiples, upping the multiples or simply offering non-status loans. Either way this meant that with more funds available the price of houses was inevitably going to rise far faster than the rise in incomes.

 

In reality it doesn't really matter to most people what their house is worth. It's not cash in your pocket. You can only really realise any cash by either selling up and going in to rented or trading down. Neither very attractive really.

 

The price of housing is dictated by what you can borrow to buy it - by breaking the 3 x multiple (or thereabouts) principle the lenders have facilitated such ridiculous values.

 

Where I live houses cost f**king fortunes. All my family think I'm rich but it's bo**ox ! I just pay higher council taxes because the house is 'worth' more. what the f**k that has to do with my ability to pay more is a mystery to me ! Like I said, it's not cash in my pocket.

 

I don't know if I speak for anyone else but I certainly feel a slave to my house and mortgage !

 

It would seem a good idea to move to a more affordable area but this is where I grew up, all my friends are, my kids schools and their friends. I'm stuck because a few rich bankers decided to milk the rest of us even more than they already were. I think the authorities need to step in and introduce the concept of prudent and sensible lending. Otherwise where will it end.

 

IIRC 'mortgage' is derived from the French language meaning something like 'death pact' - I fully expect to die still paying for my house !!

 

Great !! :headvswal

 

Monster Raving Loony Party

 

Sorry about that - this is probably utter rubbish and in the wrong place anyway.

 

Mark

Right what's next on my Victor Meldrew list of hates ?

I think fixed mortgages are like an insurance policy - and that means you pay extra for them.

 

I don't rate all those unemployment / sickness cover they try and sell you too... bit too much like a lad in a shoe shop tring to sell you suede protector when you buy some shoes.

I went to an independent mortgage advisor for my mortgage. He searched all the available mortgages and gave us a list of the best ones. He then also arranged it all. There where no charges as he gets commission from the banks.

IFA's are the way forward, if you don't have one you should!!!

 

The guy I have is based in Bath, don't know if thats anywhere near you. Anyway, he can always swindle a deal and whilst at it sorts out all your other finances. I don't use him anymore as I have now got used to doing it myself, but don't got to the highstreet mortgage places, they are aweful.

Standard life seem to have pretty good deals, thats who i have just got a mortgage with. Cheers

definately go and see an ifa/ independant mortgage broker.

 

a lot of banks and building societies use mortgage 'arrangers' that only have a limited amount of products that they can offer and some actually have no qualification - they get away with it by asking clever questions which means they dont actually give advice.

 

there are quite a few webstes set up to help you find your nearest adviser - try http://www.unbiased.co.uk they have the biggest database.