SlugBreath
Registered User
- Messages
- 426
Brokers are often tied to specific lenders. I am not sure what type of commission they receive from the various lenders? Do you know?Why do you think that the mortgage broker has not given him the best option?
It's very easy to compare mortgage offers there are some good key posts here as well, 15 minutes research will tell you most of what you need to know.Our son is presently looking to get a mortgage. He has visited one broker who has directed him toward Bank of Ireland. I am wondering is this a good recommendation? Are there others he should be looking at?
We will be helping him financially. We expect our gift will bring the LTV down to a 75% mortgage.
Are there different lenders offering better rates on 75% loans than others?
Why does the BER rating on a home affect the mortgage rate being offered?
Most of the "key posts" here have not been updated since 2023.It's very easy to compare mortgage offers there are some good key posts here as well,
Our son is presently looking to get a mortgage. He has visited one broker who has directed him toward Bank of Ireland. I am wondering is this a good recommendation? Are there others he should be looking at?
We will be helping him financially. We expect our gift will bring the LTV down to a 75% mortgage.
Are there different lenders offering better rates on 75% loans than others?
Why does the BER rating on a home affect the mortgage rate being offered?
I would be interested to hear how this might work.He may get an exception to allow him to borrow more.
What do you mean get more than entitled to borrow? there will be a max he can borrow, 3.5-4x salary depending on circumstances.I would be interested to hear how this might work.
The plan would be to get a little more than he is entitled to borrow so that he can get a better house in a better area.
Is it still recommended for someone to take out a fixed rate loan rather than a variable rate loan and are there split mortgages available. Half fixed and half variable?
I can see lump sum payments being made against the mortgage to reduce the monthly repayment as times moves along, provided it is the right thing to do at that time.
If your son is not cash rich at the moment, other than you providing a large deposit, but has good repayment capacity with good future prospects in his job, then I would push for the maximum mortgage.I can see lump sum payments being made against the mortgage to reduce the monthly repayment as times moves along, provided it is the right thing to do at that time.
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