SLLM (Single Lady Large Mortgage)

Sistergold

@JennyJukes, that’s really great news that the application has been done! Now we wait! Good luck and I hope it goes through very quickly!  Xx

tudorfan39

JennyJukes said:

Mortgage applied for yesterday, now I wait.  Stress has definitely eased off a bit.  My manager told me she will go through probation with me next week but not to worry it's just formality. 

I've already been making plans of what to save for next!! First a new car, then a new phone, change the blinds in the house then I've always wanted a jacuzzi bath!! After deposit legal costs moving etc I do still have enough left over for 3 months emergency fund plus some money already towards a second hand car.  The house is a blank slate so I can look at decorating slowly too.  Cannot wait!  My mortgage will be slightly less than I pay right now for a 1 bedroom flat, the property is a 2 bedroom house!  I do need to pay extra council tax and probably higher heating costs and of course building insurance etc but I have been saving almost £450 per month (sometimes more sometimes less) towards buying the house in the first place so some of that will go towards the extra cost then I can figure out how much I can use towards overpaying.  She told me even if I paid an extra £5 per month that will slash another year off the mortgage!  The mortgage will be over 20 years so I could be mortgage free by 48 or even younger!  They will also be in touch with me again after my fix ends to help me remortgage and I should have about 65% LTV by that time!!  

I remember when I moved to my home I saved up and bought.....2 more cats! Crazy cat lady here we come! Heaven!

Queen_of_the_Hive

Hi ladies, 

I've enjoyed catching up with the comments this morning. Hope your all having a good bank holiday weekend. I can't wait for bent coppers tonight

@JennyJukes great news that mortgage application has been submitted, hope it doesn't take long to hear the outcome. I love trees so would probably go and buy a tree for the garden - something with beautiful blossoms to mark the occasion.  

An exciting update from my side - I now have my first tenants all signed up and they got the keys this week. The tenant is a single mum with one child and i'm happy that they get to make my little pad their home. Not managing to save anything at the moment - since restrictions have eased my spending has gone through the roof, but we have some nice trips planned & the kids are getting back to their activities and so its worth it. 

Sistergold

Hello @Queen_of_the_Hive , congratulations on the tenants moving in! Good that you got a chance to help another single mom!  Xx

JennyJukes

Hello ladies, I got my mortgage offer yesterday!  Only took a week to accept, that's good right? I was supposed to get my probation confirmation today but she had to cancel due to an emergency.  She did accept my annual leave request for August and gave me a 38/40 for my monthly call review so I'm sure it'll be ok but still.  Anyway, my solicitor will chase up a completion date and then I can start arranging a removal van and put notice into my private let so still some time to save yet (and get cleaning!!).  Almost there!

slm6002

congratulations JennyJukes it sounds like it is all going really well and you will soon be in

Sistergold

Congratulations 🥳 @JennyJukes! That was quick! At least it has saved you the nail biting game of wondering when it if the offer will come! X 

Queen_of_the_Hive

Congratulations @JennyJukes, a big weight has been lifted from you and a nice way to start the weekend! 

Another minor win on my side... I have set myself a few financial goals and looking at the latest figures I have reached a mini milestone, of needing to save less than 100k for a pot of 145k. Saving in my particular set of circumstances has been a very slow process so chuffed to get this far.  

My advice for anyone finding saving difficult - keep going and put away something every month, even if it is a £1 here and £1 there. 

slm6002

I thought you lovely ladies here could help me.  I am getting close to receiving an AIP from the mortgage lender.  Does anyone know how reliable these are.  I don't want to sell my house, find a new one, only for the mortgage people to change their minds.  As long as nothing major changes is the AIP offer fairly ok? Its been a long time since buying a house and now I am on my own an with children it seems scarier for some reason

Sistergold

@Queen_of_the_Hive well done and congratulations on reaching such a financial milestone! Very soon you will achieve your £145k goal! 

@slm6002 with an AIP they have looked and think that they can on the surface of facts at hand, give you a mortgage. Mostly if your information is all standard and does not deviate far from what they have gotten on your presented information you should be able to get the mortgage offer. I believe you Will proceed to get the mortgage! Good luck!