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My choice homebuy for thames valley housing surrey

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Comments

  • R&C
    R&C Posts: 242 Forumite
    LouB06 wrote: »
    Yeyyy!! I'm happy for you!!! I'm hoping that Mr Postman will have a little something for me tomorrow!! Fingers crossed!

    Estate agent called me this afternoon to let me know that the property we are hoping to buy still hasnt had any offers on it yet!! Woop!

    Fab news! The property we love has had an offer accepted on it last thursday :( but we're not going to give up on it!

    Hope you get your pack tomorrow! Look forward to hearing about everyones buying experiences, we can all moan about TVH together ;)
  • geoffky
    geoffky Posts: 6,835 Forumite
    R&C wrote: »
    Fab news! The property we love has had an offer accepted on it last thursday :( but we're not going to give up on it!

    Hope you get your pack tomorrow! Look forward to hearing about everyones buying experiences, we can all moan about TVH together ;)


    did he say the offer amount..because this can be used to con you....they say "well i am sorry but we have had a offer on this house do you want to offer more" and you do...but the estate agent never ever said the offer was only £10 but you automatically thought it was higher and upped your offer.......it is a game they play on eager customers....beware
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • LouB06
    LouB06 Posts: 60 Forumite
    Mr Postman delivered mine today! Woohoo!!! Got an appointment with the financial advisor on Tuesday!
    Offer accepted on new home - 23/04/09

    Days left to count hair loss - LOTS! :eek:
  • LouB06
    LouB06 Posts: 60 Forumite
    I've been reading up on all the info, but there is one part I am slightly confused about and wondered if anyone could 'un-confuse' me!! lol

    I was reading that if you need a 100% mortage, then you will need to raise a 5% of the property price deposit to borrow between exchange of contracts and completion???

    I understand everything else, but this has thrown me!!!! If i had a deposit, then surely I wouldnt be needing this scheme!!

    Can anyone explain this to me?

    Thanks!!!
    Offer accepted on new home - 23/04/09

    Days left to count hair loss - LOTS! :eek:
  • R&C
    R&C Posts: 242 Forumite
    LouB06 wrote: »
    Mr Postman delivered mine today! Woohoo!!! Got an appointment with the financial advisor on Tuesday!

    Yay! do you mind me asking which IFA you're using? we have found that they all vary considerably. One IFA will give us 3.5 x single income and £52500 equity but that is still too low for this area. Another IFA on the panel is more generous, offering 4x single income but a little less (£50k) equity. Much more realistic for this area!
  • LouB06
    LouB06 Posts: 60 Forumite
    We're going to use one of the IFA's in Basingstoke as that is more local to our area, we'll see what he says on Tuesday and if need be I think there is another one in Basingstoke as well, but we already met the first one on an open day at the housing development that we are looking at and I think it worked out about 3 x joint and about £58000 equity which works out well as the apartment we want to buy is approx £130000
    Offer accepted on new home - 23/04/09

    Days left to count hair loss - LOTS! :eek:
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