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08 Feb 2011 12:00 AM by Neil&Claire Star rating. 32 forum posts Send private message

Hi

Can anyone recommend a good mortgage broker who knows what is happening in the current market place?

Thanks




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09 Feb 2011 11:54 AM by georgeh Star rating in condado de alhama sp.... 1462 forum posts Send private message

 I am a uk mortgage broker and also offer spanish mortgages as im dual based. i will send you a pm with my email if you wish to contact me.

A quick update though on the market:-

Self cert and of course self cert sub prime are nearly impossible to do.

Money market rates in the uk( not base rate yet ) have risen 100 basis points(meaning base could rise 1pc) since the beginning of november and the lenders have reacted by raising their fixed rates. A rate rise is now looking increasingly likely and most brokers are advocating fixed rates.

As far as spanish mortgages go if you are a purchasing then why not buy a property off a bank as they offer mortgages up to 110% on their repossesions

Remortgaging in spain is very expensive so unless you have a mortgage over 100k and 30 pc equity then its tough to make it economical to switch lenders so if you want to switch from a tracker to a fix its probably best to contact your own bank first.

 



This message was last edited by georgeh on 09/02/2011.



This message was last edited by georgeh on 09/02/2011.

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09 Feb 2011 4:35 PM by bfr Star rating. 217 forum posts Send private message

George, what about releasing equity on an uncumbered property on condado.




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09 Feb 2011 5:54 PM by georgeh Star rating in condado de alhama sp.... 1462 forum posts Send private message

 no problem- sent you a pm



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