Barratt Homes - Mortgage please help!

kinh

Hi, so we went to go look at a new barratt homes development and we at a property and we loved it, so will be going ahead with it.

We have some concerns however, and it would be great if someone could assist us.

We are going to do a credit check with Barratt, so the mortgage will be with them?

Once they do the credit check will you know straight away if you get accepted or not?

Will it be hard to pass mortgage? Brother is 20 years old, £28,000 a year, 4 years employment with same company, no missed payments defautls, ccjs. £600 credit balance spread over 4 credit cards. On electrol roll.

House worth 155,950 and will need a deposit of £7797. They did a quote and it came back with the following.

Price over 25 years: monthly repayment; £566.00, 20% government loan = £31,000, year 6 on gov loan, pay £45 a month in interest. A good deal?

They are listing the house as £155,950, do we think we could negotiate a few £thosuands off the house?

Could we also get anything added into the package? money, or they buy stuff for the house like washing machine, dishwasher, blinds ect?

kinh

Anyone please I need to phone them 10am this morning. We're buying the sales office house. House is 155,950 what do u think I could get off it? 20k?

kingstreet

You may be better posting this in "House Buying, Renting & Selling" as this is has nothing much to do with Mortgages.

Typhoon2000

I doubt you will get anything like that off it as no oneelse after you will want to pay full price once they know what sold prices in the estate are. The usual way large deleopers like that provide incentives is carpets, kitchens , garden turfing etc.