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First time buyer

  • 29-09-2014 3:43pm
    #1
    doubter
    Registered Users, Registered Users 2 Posts: 451 ✭✭


    Right,
    I'm a first time buyer, with a 30k deposit on an 89k offer accepted property.
    Can anyone guide me into the direction of which mortgage I should go for? am i better off finding a broker?
    Some credit issues in the past but nothing recent...:confused:


Comments

  • #2
    Michael D Not Higgins
    Registered Users, Registered Users 2 Posts: 7,223 ✭✭✭Michael D Not Higgins


    Sorry, have you bid on a property and had the bid accepted before you went to talk to the bank?


  • #3
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,549 Mod ✭✭✭✭johnnyskeleton


    doubter wrote: »
    Right,
    I'm a first time buyer, with a 30k deposit on an 89k offer accepted property.
    Can anyone guide me into the direction of which mortgage I should go for? am i better off finding a broker?
    Some credit issues in the past but nothing recent...:confused:

    Brokers are good for a few reasons:

    They are professionals so can give you professional advice. All the internet can offer you is experience or opinion.

    They will be better able to assess which lenders will be prepared to overlook your credit issues.

    I have found that dealing directly with a bank branch is difficult because it is impossible to get through to them on the phone and setting up a full appointment when you have a quick question is annoying.

    However, with a broker you have to either pay a fee or else they may be tied to a specific lender which raises questions as to whether they are getting you the best rate.


  • #4
    doubter
    Registered Users, Registered Users 2 Posts: 451 ✭✭doubter


    Michael D Not Higgins wrote: »
    Sorry, have you bid on a property and had the bid accepted before you went to talk to the bank?

    yep..


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