Shared ownership or wait?

kingstreet

I thought 2.75% had been adopted by all HAs. My firm is on the panel of Orbit, the Homebuy Agent for the Midlands and East, so I should be fairly accurate for their property.

AliceBanned

kingstreet wrote: »

I thought 2.75% had been adopted by all HAs. My firm is on the panel of Orbit, the Homebuy Agent for the Midlands and East, so I should be fairly accurate for their property.

Mmm as far as I can see mine is 3% for the first year at least. I have enquired but can't seem to get hold of anyone today.

Also, are most mortgage advisors very strict about the paperwork? Mine is insisting on scanned documents, all in one email. I am off work this week and it's hard for me to access a scanner. Even fax not good enough apparently. Hard work and my usual job involves complex administration.;)

kingstreet

I have no idea about how other brokers would accept documentation.

I'm happy to accept copies, as long as I've seen the originals and can certify them as a true copy.

If a client wanted to email them to me as a jpeg or pdf, I'd be happy with that, subject to viewing the originals, as mentioned.

The problem can be in getting them to a lender in a legible format. I recently had delays with Nationwide as its system accepts tiffs and pdfs but only upto 2 megs. I ended up having to convert jpegs and faxing some stuff, uploading others. It was still offered in under two weeks, so was more of an annoyance for me than it was a delay for the client.

AliceBanned

kingstreet wrote: »

I have no idea about how other brokers would accept documentation.

I'm happy to accept copies, as long as I've seen the originals and can certify them as a true copy.

If a client wanted to email them to me as a jpeg or pdf, I'd be happy with that, subject to viewing the originals, as mentioned.

The problem can be in getting them to a lender in a legible format. I recently had delays with Nationwide as its system accepts tiffs and pdfs but only upto 2 megs. I ended up having to convert jpegs and faxing some stuff, uploading others. It was still offered in under two weeks, so was more of an annoyance for me than it was a delay for the client.

Thanks kingstreet. She didn't explain that it was the lenders' demand and that they needed a certain format. Fair enough. Still not quite there yet but have sent the bulk of it by email now.:).

AliceBanned

PS I received a payment that I have been waiting several months for today, of over £2000 so by the end of Feb I look likely to be able to buy 45-50% of this property. Maybe after that I will be able to staircase in 25k increments or more. As it is in a great area, apart from the extra cost of the rent on the remaining share, I wonder whether it really matters whether I staircase to near the full amount - I could always move areas and buy a full share of a different place in the future. Suddenly it is all looking less scarey.;). I'm very grateful to everyone for their input on here.