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That’s is really great news congratulations!Apollo81 said:Hi all. Update on this. Lender is happy as we could provide an audit trail, and letter from landlord. Offer received yesterday.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1 -
kingstreet said:I can honestly say in 38 years of doing this I've never comes across anything similar. It will be interesting to see how it pans out.
Good Morning,
After a long few months, mainly due to our broker not been on the ball that much regarding the house been a new build, we finally completed this morning.
Basically, the lender was happy as long as we could provide an Audit trail of monies, and a letter from Landlord confirming.
Can hopefully relax now.2 -
interesting, as im in sorta similar situation. Landlord wants to sell property, ive said i would be in a position to buy in 6 months. We were looking at transferring some deposit to Landlord each month, as a kind of promise so that they know we are serious, then they transfer it back to us when we put the application in.Apollo81 said:kingstreet said:I can honestly say in 38 years of doing this I've never comes across anything similar. It will be interesting to see how it pans out.
Good Morning,
After a long few months, mainly due to our broker not been on the ball that much regarding the house been a new build, we finally completed this morning.
Basically, the lender was happy as long as we could provide an Audit trail of monies, and a letter from Landlord confirming.
Can hopefully relax now.
What paperwork did the lender want to see related to this agreement?0
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