Barratts new build house mortgage and price 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. However the house atm is the sales office and an show room so doesn't feel brand new at all and the garden, well it's really a garden like a small allyway!

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? Maybe 20k? I dont think anyone will be in the rush to buy mainly because its not really new people been in and out and size of garden

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

Seeing as mortgage will be with barratts they are doing the credit check will they arrange solicitors, also stamp duty do I pay this?

zarf2007

kinh wrote: »

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. However the house atm is the sales office and an show room so doesn't feel brand new at all and the garden, well it's really a garden like a small allyway!

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? Maybe 20k? I dont think anyone will be in the rush to buy mainly because its not really new people been in and out and size of garden

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

Seeing as mortgage will be with barratts they are doing the credit check will they arrange solicitors, also stamp duty do I pay this?

Offer 5% less and then work up, ask for white goods/carpets/blinds to be included, possible for them to pay stamp duty?

~Beanie~

Barratt are not lenders so the mortgage won't be with them. You will be seeing one of their mortgage advisers. This is from Barratt's website:

All Barratt offers are subject to the use of a Barratt nominated Independent Mortgage Advisor. Barratt will not be liable for the refusal of a mortgage based on the borrower’s individual circumstances which leads to the loss of any reservation fee.

DCFC79

~Beanie~ wrote: »

Barratt are not lenders so the mortgage won't be with them.

The OP was told that on the 1/05/13 in this thread

Dont know why he still thinks its with Barrat.