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Home buy Schemes for Limited Leave to remains
ukccie
Posts: 9 Forumite
Hi All,
I am 29 and wife 27 both are working as IT professionals. we are holding limited leave to remain visa. we can only get Indefinite Leave to remain by 2016. Is there any schemes available now for us to buy New Homes as first buyers. Our house-hold income slight over than 60K. So we are looking forward any suggestions from expert on this area.
thanks
I am 29 and wife 27 both are working as IT professionals. we are holding limited leave to remain visa. we can only get Indefinite Leave to remain by 2016. Is there any schemes available now for us to buy New Homes as first buyers. Our house-hold income slight over than 60K. So we are looking forward any suggestions from expert on this area.
thanks
0
Comments
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Generally Banks don't unless you've PR or a citizen. Other option is Cash- if you can afford. Banks may be accomodative with certain Premier account holders with high LTV deposits.0
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Welcome! Why do you want to buy? The market is static or rising very slowly in most areas, with no real signs of recovery. Property in the UK is a reasonable investment if you buy well and hold onto it for ten years or so, you don't have ten years. If by a new home you mean a brand new home these lose money the second the keys are handed to you. Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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Welcome! Why do you want to buy? The market is static or rising very slowly in most areas, with no real signs of recovery. Property in the UK is a reasonable investment if you buy well and hold onto it for ten years or so, you don't have ten years. If by a new home you mean a brand new home these lose money the second the keys are handed to you.
We want to buy this property for long time. Because we could settle here permanently if there is no more restrictions from Home office.;-)
I think there is only way to buy house is through high interest mortgage >6% with small deposit as 10%.:mad:0 -
Why not carry on saving up until you have indefinite leave to remain, when you are in a position to truly commit to paying a 25 year mortgage? Your joint income is not that great so you won't get a massive mortgage anyway, a large deposit would be to your advantage.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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My bank promised to give the good enough mortgage with slightly over 5.5% interest rate. But I am wondering our eligibility to any other first time home buying Scheme.
thanks0
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