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Mortgage advice


Jambomuzz

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When it doubt… ask kickback.

 

Currently on the house hunt and have been using a mortgage advisor to help sort my first mortgage (first time buyer). I’m buying alone and I have a pretty basic wage so the total the mortgage advisor is coming in with is 73k, which is around 7k or so less than what I’d really hoped for, will just make the house finding process a bit harder. 
Having gone through affordability checks with the website “habito” I am being told based on the exact same information as was given to the mortgage advisor that I could be lent anywhere up to £84,000. It doesn’t feel as personal and I am worried that if I go with them that I may be rejected when applying. Should I be rejected would this have a negative effect if I was then to go with my other mortgage advisors figure? Should I stick with the original advisor? Has anyone used habito as a FTB?

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hughesie27

Everyone will be different but we done a comparison website mortgage check and also used the advisor that we were recommended by our Estate Agent. Both came back with the exact same Mortgage. 

 

Outside of that I think there is a poster on here who has helped loads of KBers with decent free advice before so hopefully they see this.

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You say mortgage advisor. Do you mean broker?

 

I went through two brokers and a mortgage advisor in a bank before finding a broker that was decent. There was over £150k difference in what the last broker could get me in comparison to the worst one. 

 

I'd just advise you shop around, not all brokers are equal.

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24 minutes ago, IronJambo said:

You say mortgage advisor. Do you mean broker?

 

I went through two brokers and a mortgage advisor in a bank before finding a broker that was decent. There was over £150k difference in what the last broker could get me in comparison to the worst one. 

 

I'd just advise you shop around, not all brokers are equal.

100%

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Go and see Stuart MacDonald at https://macdonaldmortgagesolutions.co.uk/ good Jambo and has done my last 2 mortgages as well as a number of friends, got us a mortgage with same bank as another broker (FirstMortgage) told us we had no chance with, honestly won't go anywhere else while he's working in the industry

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16 hours ago, hughesie27 said:

Everyone will be different but we done a comparison website mortgage check and also used the advisor that we were recommended by our Estate Agent. Both came back with the exact same Mortgage. 

 

Outside of that I think there is a poster on here who has helped loads of KBers with decent free advice before so hopefully they see this.

 

Is the Old Tollbooth up the High Street? :whistling:

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16 hours ago, Jambomuzz said:

When it doubt… ask kickback.

 

Currently on the house hunt and have been using a mortgage advisor to help sort my first mortgage (first time buyer). I’m buying alone and I have a pretty basic wage so the total the mortgage advisor is coming in with is 73k, which is around 7k or so less than what I’d really hoped for, will just make the house finding process a bit harder. 
Having gone through affordability checks with the website “habito” I am being told based on the exact same information as was given to the mortgage advisor that I could be lent anywhere up to £84,000. It doesn’t feel as personal and I am worried that if I go with them that I may be rejected when applying. Should I be rejected would this have a negative effect if I was then to go with my other mortgage advisors figure? Should I stick with the original advisor? Has anyone used habito as a FTB?

Shop around  mate. Lenders are getting the jitters since the last crash.

My wife isn't a mortgage advisor but she's in the industry and it's amazing to hear the range of variations she sees on a daily basis.

 

Borrowers being asked if they can afford interest rates of up to 15% , borrowers being refused mortgages on properties they've already bid on because lenders don't agree the asking price (this is England, where it's obv different), mortgage advisors offering poor advice (especially when it comes to insurance cover). In short, there a lot of differences across the industry.

 

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Samuel Camazzola
19 hours ago, hughesie27 said:

Everyone will be different but we done a comparison website mortgage check and also used the advisor that we were recommended by our Estate Agent. Both came back with the exact same Mortgage. 

 

Outside of that I think there is a poster on here who has helped loads of KBers with decent free advice before so hopefully they see this.

Same guy who amused us all with the London blind date story? 😄 

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5 minutes ago, Samuel Camazzola said:

Same guy who amused us all with the London blind date story? 😄 

And the equally infamous getting air pumped up his arse story. 

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57 minutes ago, Tazio said:

And the equally infamous getting air pumped up his arse story. 

or the many other stories he has for some strange reason willingly posted on here

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2 hours ago, Samuel Camazzola said:

Same guy who amused us all with the London blind date story? 😄 

I remember this story well! Lol. 
if anyone has is contact details or a link to his profile so I can PM him please drop me a direct message! 

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7 hours ago, Ribble said:

Go and see Stuart MacDonald at https://macdonaldmortgagesolutions.co.uk/ good Jambo and has done my last 2 mortgages as well as a number of friends, got us a mortgage with same bank as another broker (FirstMortgage) told us we had no chance with, honestly won't go anywhere else while he's working in the industry

I’m based in glasgow, will that matter? 

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2 minutes ago, Jambomuzz said:

I’m based in glasgow, will that matter? 

 

Not at all, he's happy to stuff over zoom etc and has clients all over the UK

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4 hours ago, cotter said:

This guy has done a couple for me, and is definitely my first port of call when looking to change.  

 

https://www.mortgageadvicebureau.com/mortgage-advisers/john-mitchell?fbclid=IwAR0-LNXOaQpZWz-Kvc-a2dicis5fukKh7EWyYY-dxAMVm7Ob3IyWzC2-_6U

 

If your lucky, he might tell you a story about a trip to London and an old BMW :)

This is John’s mortgage page

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