lift open market shared equity scheme

JFW22

Thats great that it only takes 5-6 weeks processing time in the west region. I'm just waiting for my mortgage quotes to come in so I can send the application off tomorrow! Fingers crossed I hear something before Xmas!! Good luck with the rest of your applications!

weesie81

fingers crossed its only 5-6 weeks our original letter said 12 weeks and its been 5 weeks for us now!

i am so desperate to know if we are approved or declined to start the next part...

weesie81

just bumping to see how everyone is getting on now?

Abcynthia

Well we are now going with Nationwide and supplying a 5% deposit. I can definitely say there is a lot of running about ! Going to a meeting with our solicitor today to go over the deeds. My partner is at the second stage of the police selection process today so my head is all over the place worrying about a million things at once lol If we don't get accepted with Nationwide we still have Halifax to fall back on who gave us an A plus pass when doing our AIP.

weesie81

wow you have had lots of runnig about! fingers crossed it all goes through with nationwide :T

i am still waiting.... ready to pounce on the postman daily

i seriously have no patience :rolleyes:

JEWISHPRINCESS

If you get to pounce on the postman daily you're very lucky! I haven't seen one in days as they're on strike here grrrrr.

weesie81

oh no how frustrating!! :rolleyes:

how long have you been waiting for now JP? What area are you hoping to buy in?

Auzelia

Mortgage has been approved :beer:

Now just need to get the rest of the paperwork into LIFT for them to transfer the money for the completion date.

Good Luck Everyone

weesie81

thats great news :T

i still on the other hand have nothing yet :rolleyes:

i was really really hoping to hear by 1st october as that is the date we have to let our letting agency know our intentions for our 6 month lease which ends on 20th november i would love to not have to stay here any longer than i need to.

i did email LIFT regarding this long shot... i know but just maybe someone will look at my application now.

iscrimger

Doesn't your lease continue on a rolling month-by-month basis? Most tenancies in Scotland do after the initial period. If this is the case you are only required to provide 1 months notice to leave if you manage to successfully purchase a property using the LIFT scheme.

You will also be unable to state how long it will take to complete the purchase of any property. You will have to get the solicitor sorted and possibly (at the request of a lender) another survey done on the property you wish to buy before you mortgage is approved.