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First Time Buyer - Shared Ownership & Mortgage Application Worries
Comments
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Hi Kingstreet,
Yes. Housing association done the government one with me and i declared my outgoings and income. They said i can afford 59% but they only do multiple of 5 so they push it down to 55%. They make me maximise the share so thats the number I gotta go with. It is a resale, purpose built in 2010, 99 year lease etc.0 -
So... I rang broker and they said apparently my application has paased the stage of credit check and Leeds has not even requested for anything else. So it should all be ok...he said i dont even need to cross my fingers.... I guess theres not a lot of point worrying now it has come this far. If it messes up it messes up. Will be expensive lesson at least.0
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nice, good luckBut the banks are made of marble,
With a guard at every door,
And the vaults are stuffed with silver,
That the farmer sweated for.0 -
Great looking good for you0
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Great looking good for you
Thank you
I rang Leeds today and they said 'we don't need anything else, the first assessment was completed yesterday and valuation/survey booked on 8th.' They also said it will take around 4-5 days after valuation taking place to assess + offer... I just hope now that the valuation comes back good, most likely it will be because the purchase price £138k is the based on the valuation the HA did in Jan 2017. 0 -
Excellent news, please keep us updated as we are putting full application in with Leeds BS next week...."I want to die peacefully in my sleep like my grandfather, not screaming in terror like his passengers."0
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Yeah sounds similar to us
and valuation was as you said pretty much spot on0 -
streetlovin wrote: »Hey Matt, I will! Everyone has different exxperience with Leeds but at least this will hopefully give you a timeline. Are you doing it direct or through broker?
Going through a broker who deals with Leeds often but yeah I've heard all sorts of time lines when using Leeds from 4 weeks to 9 months...."I want to die peacefully in my sleep like my grandfather, not screaming in terror like his passengers."0 -
Just wanted to update on this thread.
Got mortgage offer through the post todya, 95% LTV....exactly everything that I asked for
Absolutely delighted... the homebuyer survey came back with all positive reviews too that everything is it working order and rated 'Good' on all parts of the house.0
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