Question regarding mortgages and deposits

We had spoke to 2 different banks directly both of whom were willing to give us a 90% mortgage but in the end we ended up going with am independant mortgage broker who arranged it with a different bank but still with 10% deposit but with a better interest rate.

We do only have a small pokey 2 bed terrace though.

This happened to us too. We managed to get £50k off the original asking price with lots of bartering and help from our mortgage provider. Our house has recently been valued at £55k more than we paid 3 years ago and our neighbours in an identical house managed to sell for even more. I also recall that the builders were offering to help pay deposits for FTBs on our street. It's always worth looking into even if you would prefer a period property- you can always sell up at a later date anyway. Good luck!

If you had that much money, I suggest you'll deposit it already to make your term shorter and make it the rates and interest lowered.

SPAM OFF

I feel your pain! Mortgage/house hunting is a nightmare. We were looking to buy this time last year and with the credit crisis in the way it was, we found it so difficult. In the end we decided to hold off until after the wedding and begin to look again around march next year. We will have a deposit of around £30K and for a £170,000 3 bed semi here we are hoping to be able to find a low interest fixed rate morgage. Keeping our fingers crossed. Saving has been hard!

It's definitely not easy getting on the property ladder as first time buyers.

We have a save to buy account with nationwide. We are in a position to buy and I went in to make an appointment and was told their mortgage advisor would contact me and they never did. Which is pretty poor considering we are customers. We've gone with a mortgage broker in the end.