Q:After 3 years renting, my bf and I have decided it is time to purchase somewhere. Due to having various savings and investments between us and some very helpful parents, we are in the envious position of having a very large deposit indeed (45%-50% of the total price we think we can realistically afford on our combined income).
This is obviously good news, but all the FTB advice I can find is geared towards people who can barely scrape a deposit together at all, and I just want t
Q:Hiya,
Any advice on this situation would be really appreciated. (sorry it?s a little long!)
Am currently in the process of buying my first house and being an excited FTB took the opportunity to have another viewing of the property via the estate agents while the vendor was on holiday. To my surprise there were a number of revelations about the house, including what appeared to be a serious damp problem in part of the cellar that had previously been blocked off with their stuff
Q:We've had an offer accepted on a property we love, we're over the moon.:j
However, as FTB's we've not got a clue what to do now.
We know we need to get a survey done, and 'instruct' our solicitor. However, we've got no idea HOW to get the survey done or WHAT to instruct our solicitor. :confused:
Any help greatly appreciated as always…
Michael and Adiy.
Q:Hello All,
Am an avid reader of the forums – but never posted until now.
I have wanted to buy a house for ages – but always been worried about my credit history etc..however we decided to take the plunge and having been told by someone on the phone (after visiting an adverse credit mortgage site) that we could easily get ￡200K 100% we went looking (we have a gross income of 57K).
We put an offer in on a property which has been accepted, however we have now g
Q:Hi, I'm a newbie, bear with me! I hope this is clear:
I am buying a house and I am a FTB.
I renegotiated the purchase price down ￡2000, about a month ago for valid reasons – the vendor was fine with this.
We have set a date to exchange this Friday, and complete next Friday.
Today I discovered that when I asked the mortgage company to alter the mortgage offer to reflect the drop in purchase price, they made some big mistakes.
Orig
Q:Am a FTB and planning to buy a new build flat through shared ownership. Haven't requested a survey yet. The flat comes with a 10 year NHBC guarantee. Should I just go with a home buyers report or something more substantial? and if so how do I set this up? I've arranged a mortgage through Nationwide and I understand they do their own valuation too. Should I be arranging something extra related toa survey here?
Q:Hi,
Does anyone know what the exchange of contracts actually entails? Is it a physical exchange?
I am a FTB and my solicitor has everything from me, and the seller's solicitor should have eveything from the seller by tomorrow, but I think our solicitor's are quite a way from each other so I was just wondering what the exchange actually is.
Cheers,
David.
Q:I am a FTB in the process of buying a house. Once bought one of things I'd want to do would be extend the kitchen into the outhouse which adjoins it. The outhouse looks to me to be in good condition (same condition as the house anyway) its also got electricity and water plumbed for a washing machine hence the idea to extend. However I am just a normal person and know nothing about building etc
The surveyor is going round on Friday and one of my colleagues has suggested gettin
Q:I am going to be a FTB – just started looking in the market.
I have a question (may sound daft to you though).
Suppose I'm buying a ￡150k house. Say I paid ￡15k deposit and taken ￡135k as mortgage.
Say 1 year down the line, I'm unable to pay the mortgage. Suppose I paid ￡10k in 1 year.
I understand that in that case, the bank will reposses my property. They will sell the property to get their money back.
But what will happen in
Q:Hi,
I'm sure you must get fed up with all the FTB asking questions, so here's another one for you if you could be so kind!
Looking at a bungalow that's been on the market for a few months which states – "offers in the region of ￡250k" – made our first offer ￡230k (rejected) then ￡235k (rejected) – apparently the seller wants ￡242k for it.
I like the bungalow but aren't prepared to pay over the odds for it. Would you agree that "