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help please!

angelcake
angelcake Posts: 4,496 Forumite
in House buying, renting & selling
right I have been offered a fantastic deal on a house! Its £150.000 - I need to know if I can get a mortgage?!

Where do I start? please help me I haven't a clue :(
:p:p Angel :p:p
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Comments

  • hethmar
    hethmar Posts: 10,678 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Car Insurance Carver!
    Why is it a fantastic offer angel?
  • angelcake
    angelcake Posts: 4,496 Forumite
    I thought it was as its a 4 bed house in my area they are from £170-£350+

    is that not a good offer?

    Basically a friend has offered it saying the need a quick sale! it has been valued for £170

    what do you think?
    :p:p Angel :p:p
  • jodiebabes
    jodiebabes Posts: 69 Forumite
    Sounds quite a good offer although the area Im in you can get houses for that price too. Which area are you in?
  • GDB2222
    GDB2222 Posts: 26,518 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Just who valued it at £170k? Have you seen the report?

    How much can you put down as a deposit?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • greenface
    greenface Posts: 4,871 Forumite
    Mortgage-free Glee!
    angelcake wrote: »
    right I have been offered a fantastic deal on a house! Its £150.000 - I need to know if I can get a mortgage?!

    Where do I start? please help me I haven't a clue :(

    Well thats that then tell your friend you will have the money in the morning sorted sorry wont be able to help move tommorrow as i think my nan maybe buying a house too.

    1st step where do you think you may get advice for a mortgage ??

    Try them first good luck
    :cool: hard as nails on the internet . wimp in the real world :cool:
  • jodiebabes
    jodiebabes Posts: 69 Forumite
    greenface wrote: »
    Well thats that then tell your friend you will have the money in the morning sorted sorry wont be able to help move tommorrow as i think my nan maybe buying a house too.

    1st step where do you think you may get advice for a mortgage ??

    Try them first good luck

    Thats a little bit harsh!
  • angelcake
    angelcake Posts: 4,496 Forumite
    I haven't a clue what I am doing! I came here asking for advice! I don't know where to start ?! Which is why I came here!!!!! I am just wanting to know my options or whether I even have them! :(

    Haven't seen a report but assuming they got one?! liek I say I haven't a clue where to start

    its not on market yet they wanted a quick sale - or need a quick sale as he lost his job
    :p:p Angel :p:p
  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    Ok

    1) who has valued it? Is it on the market at the moment? where abouts are you in the country someone might know what s going on around there.

    2) what money do you have for a deposit/ solicitors fees/ stamp duty?

    3) how much do you earn per year.

    When we know that, we can advise more.
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • ~Beanie~
    ~Beanie~ Posts: 3,043 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Do you have a deposit? For a house of £150K you will need at least £15K. That means you need a mortgage for £135K. Do you earn enough to get a mortgage of that amount?
    :p
  • angelcake
    angelcake Posts: 4,496 Forumite
    Ok, not sure who valued it as its all new to me - I am viewing on monday

    no money at the moment but may be able to raise £5-£8k

    approx..... £28k and will be rising
    :p:p Angel :p:p
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