House Buying - Moneysaving Tips

dihaz

Hi, I hope someone can offer some advice on solicitors charges fo buying and selling a house.
We are going to sell our current house and buy another,i have phoned around afew solicitors and the charges are high:eek: , can someone tell me how much they charge roughly!:beer:
all help appreciated

AndrewSmith

what have you been quoted so far?

What is the sale price, purchase price, mortgage amount and location of the property?

dihaz

450+vat- to sell
500+ vat-to buy
250- searches
220- land registry
sale price around -130,000
buying price-215,000
mortgage will be 130,000
location is west midlands
hope you can help!!!!!!!!!!!!!

bluu2k

Hi,

Could you please advise if lenders consider salary/ies stated in borrower's employment contract, or his/her actual incomes (i.e, figures stated in P60 or tax return form)?

Let's say a part-time contract would just guarantee a minimum pay (7k per year) and in fact s/he works much more than minimum hour and therefore receive three or four times more than the guaranted pay?

Can s/he get mortgage based on the income 21-28k, or just on 7k?

And what the case would be if one has more than 1 part-time job?

Many thanks for your help in clarifying the case,

Cheers,

Manchester_Lucy

The mortgage lender usually asks for a number of documents which could be in the form of a P60 or X months worth of payslips. I've never heard of anyone being asked for a copy of their contract as proof of income.

If you have more than one job then all income will be taken into account.

It's probably best to talk to a broker as they can look at all kinds of lending criteria, not just the standard salary multiples.

chris_whiteman

Hello wonder if you can help, we have had our bunglaow on the Market now for 12 weeks we did a very stupid thing we had the estate agent round to value the property signed the agreement which has locked us in for 16weeks at 1.75%
which we didn't realise we had signd for 16 weeks sole agency untill we read the small print about 11 days after putting it on the market. We had a a viewer round after the 2nd day of it gong on the Market since then we haven't had anymore. Is there anything I can do to get out of the 16week lockin as I feel the agent as done nothing other than put our property in the paper and on the net.
Would very much appreciate a reply
Chris

billyblack

chris_whiteman wrote:

Hello wonder if you can help, we have had our bunglaow on the Market now for 12 weeks we did a very stupid thing we had the estate agent round to value the property signed the agreement which has locked us in for 16weeks at 1.75%
which we didn't realise we had signd for 16 weeks sole agency untill we read the small print about 11 days after putting it on the market. We had a a viewer round after the 2nd day of it gong on the Market since then we haven't had anymore. Is there anything I can do to get out of the 16week lockin as I feel the agent as done nothing other than put our property in the paper and on the net.
Would very much appreciate a reply
Chris

That's the problem with these things. The catch is always in the small print.
Try to put more pressure on your agent!

pepene

we are first time home buyers..my wife and I have been house shopping for almost a month now...really tedious ...saw a few we liked but we are not sure if buying a new built house(as persimmon,senator..etc..)will be a smart choice as opposed to a lived in house on the market..kind advice pls .thanks

Paulie'sGirl

HI,

I'm a first time buyer, or I would like to be! I need a bit of guidance

I live near a few areas with low property prices, and have seen several houses I like (all bought by the same developer and now very well appointed).

The houses cost around 55k, and I earn 13k. Is there a lender out there likely to give me a mortgage? All the banks I tried say I'm not eligible. I have excellent credit history and have no debt.

The deposit isn't really an issue, I have been saving up!

Many thanks in advance for your help

AndrewSmith

Paulie'sGirl wrote:

HI,

I'm a first time buyer, or I would like to be! I need a bit of guidance

I live near a few areas with low property prices, and have seen several houses I like (all bought by the same developer and now very well appointed).

The houses cost around 55k, and I earn 13k. Is there a lender out there likely to give me a mortgage? All the banks I tried say I'm not eligible. I have excellent credit history and have no debt.

The deposit isn't really an issue, I have been saving up!

Many thanks in advance for your help

Hi,

If the property costs £55,000 what size of deposit do you have?

Where is the property and what is it?

How are you paid and what basis do you work on (eg full time/ part time/ permenant employee/ temping)

What reason have the previous lenders given for you not being elligible?

Andy