Advice please

sreviz

Good evening ,
This is my first post here in this forum. Forgive me if I am posting in the wrong section. We are planning to buy a house. Our house hold income is 3900 per month after tax.
Has 3000 in credit card and 3000 in personal loan.
Have been offered 300000 in Agreement of Principal today from bank.
We are planning to bring the deposit money 38000 from overseas from our parents.
I am in a process of sorting my expenses to show it good in bank statement for next 3 months.
Please some one advise how to sort this expenses to get the mortgage.
Actually our rent is 900
Bills 230
Car 140
Child minding 200
Traveling 140
Food 350
Mobile 30
Loan 380(another 6 months left).
Credit card 100 monthly paying.
Broad band 15
TV licence 13.

Please let me know how to organise the bank statement alsohow much We will get mortgage in reality if we are going to buy the house.
Thank you
Saravan

Guest101

Your parents are giving you a deposit? - that doesn't sound good....


Have you spoken with your broker about this?

sreviz

Thank you for your reply. That is our hard earned money, saved over there when we worked there and planning to bring it here now.
Please some one advice.
Thank you
Saravan.

NYM

If it's in your own overseas account and you can show that it came from your earnings, just transfer it to your UK account.

sreviz

Thank you for advice. I was told that If I bring above 25k ,Iam in trouble for loan.
Also can you advise how much I have to show in savings in each month to lenders so I get a mortgage straightaway.
This house buying thing came up suddenly and we just spent things here and there on cars and vacations. So bank statements for the last 3 months savings is only 700 per Month.

Thank you
Saravan

dimbo61

You need to go and see a mortgage broker.
He or she can check the market and find a lender who will be OK with the overseas deposit and can help you sort your finances ( maybe pay off the loan or any other debts)
Trying to do this yourself may cause you problems

Susanschoice

I'm also new (sorry to whoever's post I'm hijacking).I want to create a post, about a joint property ownership dispute but can't find where/how to do this. Can anyone point me in the right direction? Literally ��

AlexMac

Susanschoice wrote: »

I'm also new (sorry to whoever's post I'm hijacking).I want to create a post, about a joint property ownership dispute but can't find where/how to do this. Can anyone point me in the right direction? Literally ��

Not sure if I understand your question, but it seems you have already successfully joined this Forum (because you have a username) so you are halfway there.

Navigate to the 'House buying renting and selling' Board (one step back from this screen) and scroll up to near the top of the screen and click or tap on the blue button 'New thread' on the left. This will let you add a title (e.g. 'joint property ownership dispute' and below, your question. Press the submit button

Or start from the beginning again at http://forums.moneysavingexpert.com/index.php and scroll down and tap on 'House buying renting and selling' Board in which case the 'New Thread' button may be pink

Or have I misunderstood you?

Susanschoice

No that's a big help. Thank you very much x