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I am confused and going round in circles, situation is thus;
Selling a flat with a mortgage partly paid off, still owe over 6 figures. Two of us, decent combined salary, no debts other than the mortgage, decent money saved for deposit.
Buying a house, need to find out what is the maximum mortgage we can afford so I can view appropriate houses.
Estate Agents keep saying you can put an offer in without anything more than a mortgage in principle, mortgage broker is indicating they need a load of official documents in order to fill out the paperwork.
I am not sure if I am talking at cross purposes with the broker or if the estate agents are talking out of their arse or a combination of both.
Appreciate this is all a bit vague but we seem to be getting lots of different info that never quite tallies. The basics is that I need to find what our ceiling would be in terms of loans. Have checked Money Saving Expert etc and not a lot clearer.
Sexy Asian dwarves wanted.
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Mortgage Advice Required on 21:47 - Dec 14 with 941 views
Mortgage Advice Required on 20:41 - Dec 14 by Konk
Nice bungalow down in Weston, Mick? With my coaching skills and your cones, at the very least, we could set-up that football coaching academy we’ve always talked about in Minehead. Best case scenario, me and you in the hot seat at Ashton Gate, with you driving in from a palatial bungalow in Chew Magna. You could do a lot worse. Get on the cider.
What an offer. But you underestimate me.
Check this out:
I’ve always knocked football people moving over there near China or wherever it is, but that’s where we are going - stairs or no stairs.
You can smell the potential, isn’t it?
Did I mention the cones I had for you are motorway related?
Yours in sport - Mick.
[Post edited 15 Dec 2020 20:12]
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Mortgage Advice Required on 22:15 - Dec 14 with 910 views
My mortgage rate in 1981 was 14.9% my mortgage rate in 1985 was 11.78% A nearly 1 year old Son and a 5 year old Son to raise as well, took some doing and hard work to keep our shit together and keep our heads above water.
My Father had a profound influence on me, he was a lunatic.
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Mortgage Advice Required on 01:51 - Dec 15 with 879 views
Mortgage Advice Required on 22:15 - Dec 14 by ted_hendrix
My mortgage rate in 1981 was 14.9% my mortgage rate in 1985 was 11.78% A nearly 1 year old Son and a 5 year old Son to raise as well, took some doing and hard work to keep our shit together and keep our heads above water.
All relative. Higher interest rates would have kept house prices down in those days, now we have very low interest rates but much higher house prices.
Basically people will stretch to the highest monthly payment they can afford to get a place and whatever that allows you to borrow will be the home price you can pay.
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Mortgage Advice Required on 10:05 - Dec 15 with 785 views
Mortgage Advice Required on 21:47 - Dec 14 by MickS
What an offer. But you underestimate me.
Check this out:
I’ve always knocked football people moving over there near China or wherever it is, but that’s where we are going - stairs or no stairs.
You can smell the potential, isn’t it?
Did I mention the cones I had for you are motorway related?
Yours in sport - Mick.
[Post edited 15 Dec 2020 20:12]
Mick...mate, I don’t know how much time you’ve spent around elite sport, recently, but the cones need to be those brightly coloured small discs that are slightly conical, probably an inch high, and about the size of a side plate. We’re gonna need about forty of them. You’re very much the bibs and cones man in our partnership, and you don’t want to be lugging motorway cones around - they’re surprisingly heavy. You’re gonna need a Highway maintenance flatbed lorry if you’re fetching and carrying 40+ traffic cones across the training ground twice a day. One with flashing lights. You’ll need a hi-viz jacket too. And even I f you don’t care about churning the pitches up, at least think of your back, mate.
Yours embracing modern cone technology, Konk
Fulham FC: It's the taking part that counts
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Mortgage Advice Required on 10:40 - Dec 15 with 750 views
My property took several months to complete thanks to conveyancing delays. To make matters worse the main obstacle was exchange of contracts. Conscious that I could still be gazumped, I took the afternoon off work to visit my solicitor. He informed me that the seller's solicitor hadn't returned the signed contract in over 4 weeks, despite being on the same street! I decided to take matters into my own hands and walked over to the seller's solicitor. His secretary insisted that he was out but I could hear a noise from his office so I ignored her and walked in. Sure enough he was in there , on the telephone with an unholy pile of paperwork sprawled across his desk. When I asked him to explain the delay he literally pulled the contract from the pile, signed it, handed it over and then carried on with his telephone conversation. I duly hand delivered it to my stunned solicitor and completed the following week.
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Mortgage Advice Required on 14:53 - Dec 15 with 684 views
Mortgage Advice Required on 14:01 - Dec 15 by Benny_the_Ball
My property took several months to complete thanks to conveyancing delays. To make matters worse the main obstacle was exchange of contracts. Conscious that I could still be gazumped, I took the afternoon off work to visit my solicitor. He informed me that the seller's solicitor hadn't returned the signed contract in over 4 weeks, despite being on the same street! I decided to take matters into my own hands and walked over to the seller's solicitor. His secretary insisted that he was out but I could hear a noise from his office so I ignored her and walked in. Sure enough he was in there , on the telephone with an unholy pile of paperwork sprawled across his desk. When I asked him to explain the delay he literally pulled the contract from the pile, signed it, handed it over and then carried on with his telephone conversation. I duly hand delivered it to my stunned solicitor and completed the following week.
It feels to me all these people don't realise they are playing God with people's livelihood's here. I just popped around to the people we're buying from to have a chat and basically reassure them that everything is OK and it will happen, just a matter of when. Everything they were saying is a reflection of what I've been going through. The delays, the stress, the lack of communication (one estate agent has had the check to complain to me no one is taking their calls when it turns out they're not taking calls from other estate agents either) , the urge to pull out even though that actually wouldn't achieve anything and so on.
As I said to our seller, buying a home should be a joyous occasion but we're all at the point we're sick to the back teeth of it all.
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Mortgage Advice Required on 14:59 - Dec 15 with 675 views
Mortgage Advice Required on 22:15 - Dec 14 by ted_hendrix
My mortgage rate in 1981 was 14.9% my mortgage rate in 1985 was 11.78% A nearly 1 year old Son and a 5 year old Son to raise as well, took some doing and hard work to keep our shit together and keep our heads above water.
No fixed rate then, larger repayments every month!
Mortgage Advice Required on 14:53 - Dec 15 by Juzzie
It feels to me all these people don't realise they are playing God with people's livelihood's here. I just popped around to the people we're buying from to have a chat and basically reassure them that everything is OK and it will happen, just a matter of when. Everything they were saying is a reflection of what I've been going through. The delays, the stress, the lack of communication (one estate agent has had the check to complain to me no one is taking their calls when it turns out they're not taking calls from other estate agents either) , the urge to pull out even though that actually wouldn't achieve anything and so on.
As I said to our seller, buying a home should be a joyous occasion but we're all at the point we're sick to the back teeth of it all.
Going through the same, put our offer in on 12th September and the lender keeps moving the goalposts, latest was he required a letter from the Mrs company guaranteeing that she can always work from home, they won’t do it as it’s not a given, I got a letter they requested scrim my company stating that I can transfer to another branch near where we will be living which I got, they then said the letter wasn’t suitable as it wasn’t addressed to them personally. Basically today I spoke to our broker and he’s starting the process again with a new lender. The house we are buying is £175K and we are putting down £110 K deposit so virtually risk free for the lender, only problem on outside seas I had was left with adverse credit after my marriage break up as loads of bills in my name wasn’t paid which I didn’t become aware of until it was too late so most high st banks won’t touch me, very frustrating at the mo. We lost one buyer at the final stages due to lock down and didn’t want to lose another so have sold the Mrs house a d moved in with her mum which was only meant to be for a few weeks!! If anyone here works for a mortgage company and want my business let me know!
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