The Sub Prime Credit Thread - Part V

sutton111

seeya23 wrote: »

had a hard few days at work been dead busy been run off my feet im just thinking about the money :rotfl::rotfl::rotfl:just for £6.07 per hour

How many hours are you contracted too?

fairmorn308

stephane wrote: »

I thought you needed a few months to raise at least 10% deposit, so no point asking for a mortgage if deposit not in the bank....on top you need a survey, solicitor, agency fee...probably another 2k at least on top.

Yes for the price of the new house i was looking to buy. This one is alot cheaper and already have deposit amount 10%

How long does the process normally take? am unsure as first time buyer

sutton111

seeya23 wrote: »

only 30 hours

That's a start though.

fairmorn308

seeya23 wrote: »

mine took about 12 weeks

Going to have a catch with the bank about there 1st time buyer mortgages.

stephane_2

fairmorn308 wrote: »

Hi Guys

I have found a house i want. Its only a few years old and been on the market for over a year. Its being rented out at the moment as i was looking to rent it last year. My question is what sort of costs am i looking at on top of buying house.

House price is £165k Fixed

I thought you needed a few months to raise at least 10% deposit, so no point asking for a mortgage if deposit not in the bank....on top you need a survey, solicitor, agency fee...probably another 2k at least on top.

stephane_2

There must be some issues with this site, my answer posted twice....almost 30 minutes later!!!

fairmorn308

Am i best speaking to the bank to see what there willing to offer me 1st before approaching the estate agent?

stephane_2

fairmorn308 wrote: »

Am i best speaking to the bank to see what there willing to offer me 1st before approaching the estate agent?

Well you need to know what they would be prepare to lend you with the deposit you have, income etc... At least it will give you an idea on what you can afford, but remember always best to have your mortgage in place before making an offer on a property

fairmorn308

stephane wrote: »

Well you need to know what they would be prepare to lend you with the deposit you have, income etc... At least it will give you an idea on what you can afford, but remember always best to have your mortgage in place before making an offer on a property

Thank you. I do know with what i earn i wont have a problem at all etc also i already have the 10%. Will go see them this week and see what they say about it all.

noah271007

fairmorn308 wrote: »

Thank you. I do know with what i earn i wont have a problem at all etc also i already have the 10%. Will go see them this week and see what they say about it all.

You better get the mortgage sorted asap...

http://news.bbc.co.uk/1/hi/business/10473334.stm