house-buying - remedial class
- Thread starter kea
- Start date
Ms T said:
yes! ganjapati (or something like that .... )
it rules
i was gonna post a thread actually but then i forgot 
they've only been around for about 3 months and at first i was worried they needed the business but now they're packed every time i walk past. gorgeous interior decor - lovely shades of green and pink. sounds odd but it really works. and the food is LUSH.yes i think he gets about £14k a year for rent, bills - well, everything really. maybe it's £12k, i can't remember 
it's pretty flexible tbh.
his parents own a flat which they currently rent out through an agency. they're selling it and the capital from that will form Photo's share of our deposit. therefore they refer to it as 'his' flat - it was bought as an investment with him in mind iyswim.
(it's in west london tho which is why we don't just move in there - i'm NOT a west london kinda girl
)
edit: is there a reason you are asking, geri?
it's pretty flexible tbh.his parents own a flat which they currently rent out through an agency. they're selling it and the capital from that will form Photo's share of our deposit. therefore they refer to it as 'his' flat - it was bought as an investment with him in mind iyswim.
(it's in west london tho which is why we don't just move in there - i'm NOT a west london kinda girl
)edit: is there a reason you are asking, geri?
to get the best value mortgage thingo you'll preferably need to have no late payments on anything for the past 3 years, you'll generally need to provide your last 3 bank statements, last 3 payslips as proof of income, ( but the lender can/sometimes do end up asking for 3, 6, and 12 months) primary ID in the form of a passport or photocard driving licence and secondary ID in the form of a utility bill which can be gas, electric etc but they wont accept a mobile bill. thats for both applicants iirc
oh and they will preferably want all outstanding creditcard payments/existing loans paid off before or on completion of your mortgage going through
oh and they will preferably want all outstanding creditcard payments/existing loans paid off before or on completion of your mortgage going through
zenie
>^^<
IME its definitley worth you finding a good Financial Advisor that won't charge you a fee.
Lenders pay the mortgage broker (another name for FA) a procuration fee or a commissiion for selling their mortgage to you so a lot of FA's will do it for free.
Bearing in mind they can get betwen 1 and 2% of the total of your loan its a big amount for them.
Sorry haven't read the whole thread but I don't think £105k ill buy you a lot in Peckham.
Lenders pay the mortgage broker (another name for FA) a procuration fee or a commissiion for selling their mortgage to you so a lot of FA's will do it for free.
Bearing in mind they can get betwen 1 and 2% of the total of your loan its a big amount for them.
Sorry haven't read the whole thread but I don't think £105k ill buy you a lot in Peckham.
zenie said:Sorry haven't read the whole thread but I don't think £105k ill buy you a lot in Peckham.
we have £220k. edit: the £100k is just the mortgage.
sirius - we don't have any debts, other than my credit card balance of around £1,000 which is being paid off over the next few months.
zenie
>^^<
kea said:
Apologies I just started reading from the beginning when u replied!!
Lots of lender say they will charge an admin fee of on average £30 if you don't take out insurances with them. Definitley pay the £30 and go independent- there's a company called Towergate who are really cheap for things like buildings and contents which is a must.
£220k you'll be cool!!
I'll PM you my firms website and you can have a look at what we do- then you'll understand what I am goin on about!!
Good Luck sweets.
zenie
>^^<
Hollis said:
Absolutley - we currently have 105 lenders and over 4000 products on our database and they change every day.
All FA are regulated by the FSA although someone on here has been having nightmares with theeir FA and from talking to a lot of them there's more braincells in a tin of baked beans
nogoodboyo
New Member
Mortgage intermediaries have only become FSA regulated quite recently. Before that any fucker could set up, and there were some poor deals around.
All advisers charge a fee, and you pay it one way or another. IME an upfront fee can be a sign of an adviser that's confident it provides value. The ones who act like you won't have to pay while taking poorly disclosed commission are the people I wouldn't fancy.
All advisers charge a fee, and you pay it one way or another. IME an upfront fee can be a sign of an adviser that's confident it provides value. The ones who act like you won't have to pay while taking poorly disclosed commission are the people I wouldn't fancy.
zenie
>^^<
nogoodboyo said:
the commission they earn is all provided for you on your Key facts Illustration which they have to give you by law. It states at the bottom so and so will be given x amount for providing you with this service by whatever lender.
A lot of Brokers do work this way obviously some don't and I would just be inclined to go with someone who doesn't charge you and then bugger off and find the mortgage yourself (not sure thats legal but hey ho)
butterfly child
Well-Known Member
You can buy my house if you like, if I was to put it on the market now it'd be worth about £225k but I expect that to have increased a lot by the time we sell (around 2009 
)
It's increased from £150 since we moved in five years ago
Downstairs
two reception rooms, study, wc, 21" kitchen/diner with patio doors out into the garden... fridge freezer/washing machine/tumble dryer/dishwasher.
Upstairs
two bedrooms; master bedroom 18" long. Newly fitted bathroom.
We've got a garden, a lane that runs down the side of the house that offers access to back gardens, and a massive park with tennis courts.
Mainline takes you to Waterloo in 35 minutes.
And to think I want to get rid of all this! I must be mad!
)It's increased from £150 since we moved in five years ago
Downstairs
two reception rooms, study, wc, 21" kitchen/diner with patio doors out into the garden... fridge freezer/washing machine/tumble dryer/dishwasher.
Upstairs
two bedrooms; master bedroom 18" long. Newly fitted bathroom.
We've got a garden, a lane that runs down the side of the house that offers access to back gardens, and a massive park with tennis courts.
Mainline takes you to Waterloo in 35 minutes.
And to think I want to get rid of all this! I must be mad!
butterfly child
Well-Known Member
kea said:sounds nice, but too far out for us
don't have anything in peckham do ya?!
Why on earth would I want a house in Peckham?!
From our experience it's possible to do most things relating to buying a house online, obviously you need to look at properties yourself and go back a couple of times to check you still like it. Don't know if this page is any use to you http://www.communigate.co.uk/hants/locallists/page21.phtml It's not very well written but there are written links to sites you can use to check local information.
We've changed our mortgage to get the best rate once the fixed term for the first one we got had finished. I think the Halifax has got an place online where you can see if they would lend you the money you need, and it includes a credit worthiness check, which is useful.
You can shop around for solicitors, ask them how much they will charge for conveying the property. You can do it over the phone. Some will be competetive. We've always used one particular firm, they are not where we live but we trust them. You don't have to use a local firm if you don't want to.
You'll have all sorts of forms to read once you get into the contracts phase, including the SPIF document, which you should read very carefully. If there's anything on it you aren't happy about make sure you get back to the vendors for more information. Check for things like rights of way and that fences are good, it's amazing how often things like this lead to arguments between neighbours.
Good luck.
We've changed our mortgage to get the best rate once the fixed term for the first one we got had finished. I think the Halifax has got an place online where you can see if they would lend you the money you need, and it includes a credit worthiness check, which is useful.
You can shop around for solicitors, ask them how much they will charge for conveying the property. You can do it over the phone. Some will be competetive. We've always used one particular firm, they are not where we live but we trust them. You don't have to use a local firm if you don't want to.
You'll have all sorts of forms to read once you get into the contracts phase, including the SPIF document, which you should read very carefully. If there's anything on it you aren't happy about make sure you get back to the vendors for more information. Check for things like rights of way and that fences are good, it's amazing how often things like this lead to arguments between neighbours.
Good luck.
Chester Copperpot
Triple stones
Your solicitor will make or break your sale. Choose a good one. Cheap ones are to be avoided as they take on large work loads to cover their overheads.
Also avoid large firms like countrywide property lawyers - they are awful!!!
With solicitors you really do get what you pay for.
If you want any specific advice about anything in regards to this thread please PM me Kea.
Also avoid large firms like countrywide property lawyers - they are awful!!!
With solicitors you really do get what you pay for.
If you want any specific advice about anything in regards to this thread please PM me Kea.
butterfly child
Well-Known Member
marty21 said:
Why, does Hyacinth live in Peckham??
Possibly enough reason for other people to move there, but I much prefer Daisy, tbh.
