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Posted: Fri Nov 09, 2007 9:53 pm
by bagpuss
Hiya xx
quick favour if you will...i have a friend...no debt problems (lucky so and so) who needs to remortgage, she feels like its a needle in a haystack and so wondered if anyone knows of some good comparison sites i can reccomend to her....the sort that just list high street lenders and there rates/deals...ect...
I have had a quick look about but alot want all your details and say they will call you....she doesnt want all that...just a list to look at.
Many thanks xx
Angie xx
My IVA Story......
http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/
Posted: Fri Nov 09, 2007 9:56 pm
by MelanieGiles
Personally I would go to a broker - who can look across the whole mortgage spectrum for your friend and find a deal to suit her circumstances and budget. There are some firms who regularly post on this forum who would be worth a call.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Fri Nov 09, 2007 11:50 pm
by Andrew Graveson
Hi Angie,
A standard mortgage typically involves much less work than for a broker than a mortgage connected to financial difficulties.
For this reason the fees charged by brokers are generally much lower when arranging this type of mortgage.
Comparison sites are great for comparing interest rates. However just because a rate is low it doesn't mean that it will be the most appropriate or the cheapest mortgage overall.
Andrew Graveson
Independent Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk
Posted: Sat Nov 10, 2007 2:55 pm
by CoverItAll
Hi Angie
Your friend needs to consult a "whole of market" mortgage adviser. Any fee they charge will pale into insignificance compared with what their expertise and knowledge will save a client.
The mortgage advisers on here all come highly recommended.
John Tegg
www.asu4iva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.
Posted: Sat Nov 10, 2007 3:08 pm
by Adam Davies
Hi
Andrew makes a very good point in that the lowest rate is not always the best,especially if it costs you several thousand pounds in fees to secure that product.Cost's,tie ins and early redemption penalties must all be taken into account
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Sat Nov 10, 2007 4:37 pm
by mikebdomain
Hi Angie,
Your friend could look at
http://www.fool.co.uk/mortgages/compare-mortgages.aspx
FREE ADVICE IS THE BEST ADVICE
LEYBRIDGE LIMITED
Mortgage Broker & Mortgage packager
Specialising in adverse credit.
Firm FSA No:313790
Personal FSA No:MJB01557
see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf
Posted: Sat Nov 10, 2007 4:40 pm
by bagpuss
Thats kind of thing she wanted Mike...thank you everyone. I did advise at first to go through a brokers but she didnt seem keen. Thanks again...x
Angie xx
My IVA Story......
http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/
Posted: Sat Nov 10, 2007 4:44 pm
by mikebdomain
Angie
Unless your friend understands these products it could be a bit confusing as to the real cost. Apr is a good starting point, but your friend will do well to talk to a whole of market broker and get a product recomended - if she did not want to then go through the broker to arrange the product, she may be able to go direct. But at least she will get an understanding of what the different products are.
FREE ADVICE IS THE BEST ADVICE
LEYBRIDGE LIMITED
Mortgage Broker & Mortgage packager
Specialising in adverse credit.
Firm FSA No:313790
Personal FSA No:MJB01557
see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf
Posted: Tue Nov 13, 2007 6:40 pm
by mikebdomain
On the subject of using APRs for comparison, you should always view the 'total cost for comparison APR' this quoted APR will include all the product related fees.
FREE ADVICE IS THE BEST ADVICE
LEYBRIDGE LIMITED
Mortgage Broker & Mortgage packager
Specialising in adverse credit.
Firm FSA No:313790
Personal FSA No:MJB01557
see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf