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Re: Living In The UK: Property,Mortgage And Related by justwise(m): 1:28pm On Aug 15, 2023 |
@mortgageminds Please do not place an ad here Thank you |
Re: Living In The UK: Property,Mortgage And Related by Wristler: 9:56am On Aug 17, 2023 |
Please, I need more information on building insurance. Is it better to take one, or allow the lenders do so? What insurance companies are the best? What covers do the insurance provide? Thank you in advance |
Re: Living In The UK: Property,Mortgage And Related by ukay2: 3:44pm On Aug 17, 2023 |
Wristler: l will prefer shopping my own insurance than allowing the lender to give me one. l am going with my car insurance company (Admiral) for Building + Content insurance, their quote was cheaper than what l got in the compare the market quotes. This is because l already have a car insurance policy with them, so adding another policy is cheaper. 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by tshoboy(m): 6:30pm On Aug 25, 2023 |
Has anyone had a mortgage rejected before and the bank didn’t give a reason? |
Re: Living In The UK: Property,Mortgage And Related by ukay2: 7:13pm On Aug 25, 2023 |
tshoboy: I think you should ask for the reason for the rejection from your mortgage advisor 1 Like |
Re: Living In The UK: Property,Mortgage And Related by tshoboy(m): 8:30pm On Aug 25, 2023 |
ukay2:I did and also called the bank directly. The underwriters did not add a reason. My mortgage advisors have emailed them and fingers crossed for their response. Valuation, source of income and affordability all checks out. So it was really weird. The problem now is that there are no other lenders asides Barclays that accept 10% while you are on a visa 😢. Really disappointing. If anyone knows any other lender, please let me know. |
Re: Living In The UK: Property,Mortgage And Related by dupyshoo: 10:48pm On Aug 25, 2023 |
Halifax, if joint income is greater than 100k. tshoboy: 2 Likes |
Re: Living In The UK: Property,Mortgage And Related by ukay2: 6:53am On Aug 26, 2023 |
tshoboy: This would have been quite distressing to you. I know Halifax gives with family income upto £100K. Speak to your Mortgage advisor to shop around again for you. Definitely you will get soon . 1 Like |
Re: Living In The UK: Property,Mortgage And Related by tshoboy(m): 10:41am On Aug 26, 2023 |
ukay2:Thank you. Sadly family income isn’t. Yes, we are shopping around for another lender. |
Re: Living In The UK: Property,Mortgage And Related by elisinho(m): 12:29am On Aug 27, 2023 |
Hi all I have been an ardent reader of this thread and have picked up one or two tips and have made up my mind to finally get a house but i still have some questions im really yet to come around im 29 years and have an agreement in principle with lloyds bank for upto 200k, im currently renting with bills inclusive a property of 500 i have saved upto 25k as deposit and i think i might afford a property of upto 150k considering im single is it worth it to get a house please or continue saving please? if yes now that i have an AIP how do i know the appropriate offer to put in for a house i have many others but will seek your guidance on the above for now thanks 3 Likes |
Re: Living In The UK: Property,Mortgage And Related by Estroller: 3:02pm On Aug 28, 2023 |
elisinho: 1. Your affordability is the most important thing, if you've ran the numbers and it stack up wrt affordability, I'll say you can go ahead with the purchase. Timing the market is difficult if not impossible to achieve. Like the popular saying, the best time to buy was yesterday, the next best time is today. 2. Your post suggests you are buying an old build, so I'll say get a valuation report added to your survey. It will cost a few hundred pounds more, but it will be worth it. You can then use the figure from your valuation report as a guide on what to offer. You can also check price of similar properties in that area. The state of the property as revealed by the home survey can also be used as a guide on what to offer. All the best with your purchase. 5 Likes |
Re: Living In The UK: Property,Mortgage And Related by ukay2: 3:21pm On Aug 28, 2023 |
Estroller: Very well said.... |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 8:49am On Aug 30, 2023 |
Interest Rates biting harder.
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Re: Living In The UK: Property,Mortgage And Related by toluf: 10:27am On Aug 30, 2023 |
Healhtyliving: Pls I sent you an empty email. Pls I need to get i. Touch with you. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Lexusgs430: 4:10pm On Aug 30, 2023 |
Solumtoya: Best to buy property at 20 years old........ If you buy at 40...... Wahala don carry twins...... 😜🤣 |
Re: Living In The UK: Property,Mortgage And Related by Pearlyfaze: 10:46am On Sep 03, 2023 |
Lexusgs430: Baba so we wen come late to the party carry twins come . Abeg pity us small |
Re: Living In The UK: Property,Mortgage And Related by fetomowo: 4:22am On Sep 04, 2023 |
Thanks all for this very educative information in here. Can any one help give a summary of step by step process involved in FTB Mortgage. If you can help suggest a timeline too, that will be helpful. |
Re: Living In The UK: Property,Mortgage And Related by mex551(m): 5:06am On Sep 06, 2023 |
fetomowo:have you read this thread from beginning to end? Can’t you still see what you are looking for ? |
Re: Living In The UK: Property,Mortgage And Related by elisinho(m): 7:45pm On Sep 20, 2023 |
Estroller: Thanks for your reply I actually put an offer it was rejected and i forgot about it but after some time the woman got back and accepted my offer now that she has accepted my offer im at the conveyencing stage. Talking about conveyencing i got a qoute of 1990£ is that what is usually around please also the survey i got a qoute around 540£ is that also a decent price please Also do you guys advise i use the listing agencies for everything or i use my local bank, the listing agency is called STRIKE while i bank with lloyds and i have an AIP with both thanks always for your replies all of you i massively appreciate |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 5:38am On Sep 21, 2023 |
elisinho: The solicitor's quote varies a lot depending on the Solicitor and type of property. It's usually around £1,500 to £2,000. The quotation I had gotten for a £250k house in June was £1,593 from L&C so yours is high but not too far off. As for STRIKE vs Lloyds, I would say NEITHER. Get a good Mortgage Broker like L&C or any of the ones listed on this thread, better still, get recommendations from family or friends. A Mortgage Broker or Advisor would shop around the market and get you the best deal. Lloyds or any other Bank can give you AIP easily but deny your Mortgage application especially if you are on a Visa. I have so many Mortgage-in-principles from a number of Lenders but only Barclays Bank seems to actually give Mortgages to Visa holders without requiring 25% deposit or £100k income. A good Mortgage Broker knows these things and will review your application thoroughly for success. Lastly, the Mortgage Brokers are typically free of charge since they earn commission from the Lender. I am no expert but these are my opinions. 6 Likes 2 Shares |
Re: Living In The UK: Property,Mortgage And Related by ukay2: 9:01am On Sep 21, 2023 |
Solumtoya: Well said.... 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 9:33am On Sep 21, 2023 |
Barclays Bank Rates now
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Re: Living In The UK: Property,Mortgage And Related by ukay2: 11:46am On Sep 21, 2023 |
Solumtoya: Halifax reduced their rate for me yesterday (15% deposit)...2 years fixed from 6.57 to 6.06% yesterday. l am waiting for the completion date possibly next month...hopefully the rates will come down again before completion 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Marvhyx: 11:51am On Sep 21, 2023 |
Solumtoya:Sorry to derail, I couldn’t quote you on the main thread but can I ask some questions? How many kg allowance is the cabin luggage and laptop bag (typical school bag )
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Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 12:02pm On Sep 21, 2023 |
ukay2: Sweet! |
Re: Living In The UK: Property,Mortgage And Related by elisinho(m): 12:05pm On Sep 21, 2023 |
Solumtoya: thanks i contacted Land C and they said they will get in touch and i said i was refered and that they do give 20£ amazon voucher for referal if i tell them your name |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 12:08pm On Sep 21, 2023 |
Marvhyx: Cabin luggage depends on the Airline but it should be anywhere between 8kg and 23kg. Most Airlines care less about the weight and more about the dimensions. They have specific size requirements so it can fit in the overhead rack. Please check your flight ticket, it would have all the information you need. 1 Like |
Re: Living In The UK: Property,Mortgage And Related by Marvhyx: 12:30pm On Sep 21, 2023 |
Solumtoya:My cabin baggage fits the dimensions but adding the rollers adds a couple of cm more but I don't know if the dimensions is just for the box itself and not it's rollers... Man I really really appreciate your response 🙏 |
Re: Living In The UK: Property,Mortgage And Related by Solumtoya: 6:36pm On Sep 21, 2023 |
elisinho: Nice of them! No worries though, I haven't gotten a Mortgage through them, but just loved their services when I used them for M-I-P |
Re: Living In The UK: Property,Mortgage And Related by Ralphlauren(m): 6:55pm On Sep 21, 2023 |
tshoboy: Did they eventually tell you why your mortgage application was declined? 2 Likes |
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