Jambomuzz Posted September 22, 2021 Share Posted September 22, 2021 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? Quote Link to comment Share on other sites More sharing options...
hughesie27 Posted September 22, 2021 Share Posted September 22, 2021 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. Quote Link to comment Share on other sites More sharing options...
IronJambo Posted September 22, 2021 Share Posted September 22, 2021 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. Quote Link to comment Share on other sites More sharing options...
Ked Posted September 22, 2021 Share Posted September 22, 2021 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% Quote Link to comment Share on other sites More sharing options...
Ribble Posted September 23, 2021 Share Posted September 23, 2021 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 Quote Link to comment Share on other sites More sharing options...
graygo Posted September 23, 2021 Share Posted September 23, 2021 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? Quote Link to comment Share on other sites More sharing options...
NANOJAMBO Posted September 23, 2021 Share Posted September 23, 2021 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. Quote Link to comment Share on other sites More sharing options...
cotter Posted September 23, 2021 Share Posted September 23, 2021 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 Quote Link to comment Share on other sites More sharing options...
Rodge Posted September 23, 2021 Share Posted September 23, 2021 John Mitchell on here 👍 Quote Link to comment Share on other sites More sharing options...
Samuel Camazzola Posted September 23, 2021 Share Posted September 23, 2021 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? 😄 Quote Link to comment Share on other sites More sharing options...
Tazio Posted September 23, 2021 Share Posted September 23, 2021 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. Quote Link to comment Share on other sites More sharing options...
jack D and coke Posted September 23, 2021 Share Posted September 23, 2021 1 hour ago, Rodge said: John Mitchell on here 👍 Just who I was going to suggest👍🏼 Quote Link to comment Share on other sites More sharing options...
milky_26 Posted September 23, 2021 Share Posted September 23, 2021 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 Quote Link to comment Share on other sites More sharing options...
Jambomuzz Posted September 23, 2021 Author Share Posted September 23, 2021 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! Quote Link to comment Share on other sites More sharing options...
Jambomuzz Posted September 23, 2021 Author Share Posted September 23, 2021 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? Quote Link to comment Share on other sites More sharing options...
Ribble Posted September 23, 2021 Share Posted September 23, 2021 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 Quote Link to comment Share on other sites More sharing options...
cotter Posted September 23, 2021 Share Posted September 23, 2021 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 Quote Link to comment Share on other sites More sharing options...
Jambomuzz Posted September 23, 2021 Author Share Posted September 23, 2021 24 minutes ago, cotter said: This is John’s mortgage page Must have missed that, thanks mate. Quote Link to comment Share on other sites More sharing options...
The Old Tolbooth Posted September 26, 2021 Share Posted September 26, 2021 I see my past is being dragged up again, you lot eh Quote Link to comment Share on other sites More sharing options...
muldoon74 Posted February 20, 2022 Share Posted February 20, 2022 Wife and I looking to get a mortgage as we want a new house (currently council) with (for me garage for motorbike) and private back garden. The trouble is as this is our first mo0rtgage we are completely stumped on the process, amount we can borrow, interest rates etc. Also we are a bit older than average fist time buyers (I'm 47, she's 58). Have done several calculators and each comes up with wildly varying amounts we can borrow. Any help JKB gratefully received... Quote Link to comment Share on other sites More sharing options...
Flimsy Posted February 20, 2022 Share Posted February 20, 2022 49 minutes ago, windsor1874 said: Just go to a few different banks. Book an appointment. They'll tell you how much they will lend you and at what rate. Choose the best one and get it agreed in principle. Bid on the house you want and, when successful, go back to the bank to confirm previously agreed rate. People try to overcomplicate it when it really shouldn't be. You've just overcomplicated it. Why waste your time going to several banks when you could have one visit to an independent mortgage adviser who will do this work for you? Quote Link to comment Share on other sites More sharing options...
Ribble Posted February 20, 2022 Share Posted February 20, 2022 5 hours ago, muldoon74 said: Wife and I looking to get a mortgage as we want a new house (currently council) with (for me garage for motorbike) and private back garden. The trouble is as this is our first mo0rtgage we are completely stumped on the process, amount we can borrow, interest rates etc. Also we are a bit older than average fist time buyers (I'm 47, she's 58). Have done several calculators and each comes up with wildly varying amounts we can borrow. Any help JKB gratefully received... See my posts above, make an appointment with Stuart, he’ll take you through the process step by step and explain your options Quote Link to comment Share on other sites More sharing options...
Ribble Posted February 20, 2022 Share Posted February 20, 2022 1 hour ago, Flimsy said: You've just overcomplicated it. Why waste your time going to several banks when you could have one visit to an independent mortgage adviser who will do this work for you? Not to mention going bank by bank will run the risk of hard credit searches, a mortgage advisor at least knows who does soft or hard searches for an AIP Quote Link to comment Share on other sites More sharing options...
Carl Weathers Posted February 21, 2022 Share Posted February 21, 2022 3 hours ago, Flimsy said: You've just overcomplicated it. Why waste your time going to several banks when you could have one visit to an independent mortgage adviser who will do this work for you? Agreed. I can recommend Leith Mortgage centre. They will be able to advise what you can borrow and help with the application process. Quote Link to comment Share on other sites More sharing options...
escobri Posted March 17, 2022 Share Posted March 17, 2022 Guys looking for a wee bit advice regarding remortgaging, how's the best way to get your home revalued as looking for a low as possible ltv ratio. Quote Link to comment Share on other sites More sharing options...
Ribble Posted March 17, 2022 Share Posted March 17, 2022 1 minute ago, escobri said: Guys looking for a wee bit advice regarding remortgaging, how's the best way to get your home revalued as looking for a low as possible ltv ratio. Would imagine it'd need to be a home report Quote Link to comment Share on other sites More sharing options...
mrmarkus1981_1 Posted March 17, 2022 Share Posted March 17, 2022 Home Report would be for a sale I reckon, a straight forward remortgage valuation would be done and paid for by any prospective lender Quote Link to comment Share on other sites More sharing options...
Dazo Posted March 17, 2022 Share Posted March 17, 2022 3 hours ago, escobri said: Guys looking for a wee bit advice regarding remortgaging, how's the best way to get your home revalued as looking for a low as possible ltv ratio. I’d imagine the new mortgage provider would deal with that. Quote Link to comment Share on other sites More sharing options...
escobri Posted March 22, 2022 Share Posted March 22, 2022 Thanks for replies guys, wasn't a need to revalue as ltv ratio is pretty low and as im not needing to borrow more just renew my deal its not worth the hassle, new 5 year deal sorted as im very wary of interest rates shooting up. Quote Link to comment Share on other sites More sharing options...
The Old Tolbooth Posted March 22, 2022 Share Posted March 22, 2022 On 17/03/2022 at 17:25, escobri said: Guys looking for a wee bit advice regarding remortgaging, how's the best way to get your home revalued as looking for a low as possible ltv ratio. Sorry I missed your post mate, quite honestly the easiest way of doing this if you're doing it yourself is to put your own figure on the valuation for a remo of which you need to achieve the lower end desired LTV, and let the lender knock you down I tend to do this quite a lot, and with property prices being quite ridiculous at the moment, very few are getting knocked down the way. Glad to see you've gotten yourself sorted with a 5 year fixed rate though, definitely the right move. Quote Link to comment Share on other sites More sharing options...
escobri Posted March 22, 2022 Share Posted March 22, 2022 1 hour ago, The Old Tolbooth said: Sorry I missed your post mate, quite honestly the easiest way of doing this if you're doing it yourself is to put your own figure on the valuation for a remo of which you need to achieve the lower end desired LTV, and let the lender knock you down I tend to do this quite a lot, and with property prices being quite ridiculous at the moment, very few are getting knocked down the way. Glad to see you've gotten yourself sorted with a 5 year fixed rate though, definitely the right move. Hope so regarding the 5 year, only done a 5 year once before and interest rates plummeted half way through, just my luck haha Quote Link to comment Share on other sites More sharing options...
Dazo Posted March 22, 2022 Share Posted March 22, 2022 Just now, escobri said: Hope so regarding the 5 year, only done a 5 year once before and interest rates plummeted half way through, just my luck haha Rates only going one way for the short/medium term, I think you’ll be okay on a 5 year. Quote Link to comment Share on other sites More sharing options...
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