House Buying - Moneysaving Tips

shyam25

be sure to check the details propelry

techmax76

I'm also thinking of buying a house but I am having a second thought on getting a loan or a house funding. I know the interests rates is really a big issue. But what I did was I research, and analyze what is the best thing to do. I am so glad to have read the tips here at least I am aware of the things that would come along the way.

Tashina

thanks smith.i want to buy a home.but my budget is not more.i see your total information.now i thinkimg about this information.i think it will be helpful for me.
thanks

Tashina

can you sure me for this total information properly.

Tashina

ya.i think also as you.you also correct.

sef-75

Hi there all,

Bit of a newbie here and on the cusp of that FTB step.

I wonder if any more experienced can help with some advice please whilst looking at properties.

1) A particualr house has two estate agents.... why is this, is it common and a daft question, which do you enquire with? Does it matter whoever? Would it be totally wrong to enquire with both ? (after all there will only be one vendor)

2) Given current market state, what advice is there regarding what to offer? Is it a good time to buy or is it worth waiting a few months more and into next year?

3) I assume that there is room for negotiation, but what can you expect to achieve as a rule of thumb and what is realistic without offending? What would be a reasonable price to start at .... particualrly as am a FTB without any house to sell etc.

4) A property at £275k has caught my eye, it's been on the market a few months which is a bit worrying, but not sure why that might be. It was though built by the current occupiers/vendors, who I think might be builders according to the agent spoken with. The estate agent seemed to hint that the vendors would probably take an offer, and also later explained something about £250k being a stamp duty threshold? Might this be a hint.... does £25k seem a reasonable amount to deduct (seems an awful lot of money to me) or would that in fact be considered a fairly generous offer that could be reduced further?

Thanks for any advice and support from the more informed or more experienced..... it seems such a big step this!

singleworking_parent

Hi Im a single working parent and am looking to buy my own property instead of renting, however, i do have a bad credit history, but, my income is enough to allow me to afford £600 mortgage per month. Would anyone know where I would be able to obtain a 100% mortgage on my own

singleworking_parent

Hi all,

Im a full time single working mum, i am looking to buy my own house, however do not have any deposit monies, however I can afford £600 a month for mortgage purposes, could any one advise me on 100% mortgages and if they would be available for single parents with a poor credit history.

Any sort of advice would be very much appreciated. Thanks

leanneslow

Estate agent here to help!

Anything you would like help with then I shall do my best to help.


Please remember that anything I say is in my opinion and how I would deal with things in my job- my answer is not always the best answer for you but it is to the best of my ability

leanneslow

singleworking_parent wrote: »

Hi all,

Im a full time single working mum, i am looking to buy my own house, however do not have any deposit monies, however I can afford £600 a month for mortgage purposes, could any one advise me on 100% mortgages and if they would be available for single parents with a poor credit history.

Any sort of advice would be very much appreciated. Thanks

Hiya, sorry to put a downer on this for you but i think i can safely say that 100% mortgages are a thing of the past, or at least for a while anyway. Just because you can afford £600 per month is doesnt matter. Usally you can only borrow about 3-4 times your annual salary and you must also have a good deposit, usually at least 15% but often 20%.
Best bet is to get saving and see how things go in a while. You'll get there in the end.

OR

Government have various homebuyer schemes for 1st time buyers. They may pay a deposit for you up to a certain value and you gradually pay some back, or part ownership- not sure of the details but it is definately worth looking into