edlo
639 posts since 13/9/14
posted 5 Aug 2020 18:19, edited 5 Aug 2020 18:19
Seems to be just for 90% ltv mortgages. I'd be concerned too about lending somebody money if they can't even come up with a 7.5% deposit without a handout…
edlo
639 posts since 13/9/14
5 Aug 2020 18:49
If you want to live in zone 1 you're going to have to save up, don't see the point in crying about lenders
MattC
883 posts since 20/3/12
5 Aug 2020 18:53
Cant get a 90% mortgage just now anyway.
posted 6 Aug 2020 10:57, edited 6 Aug 2020 10:57
Anyone own a second property/is a landlord? Aware there are restrictions with Buy to Let mortgages and a regular mortgage for a second home.
How do the mortgage lenders actually know that:
1) You're not letting family staying there rent free
2) You're letting it out as an Airbnb. Do they carry out checks on who pays the council tax or ASTs that have been signed?
3) Is a Holiday Let Mortgage better to consider if it's used 50/50 between family staying there and letting it out as an Airbnb?
Asking for a friend.
timmbo
3511 posts since 9/2/10
14 Aug 2020 13:31
Anyone trying to sell or purchase a leasehold property in a multi-storey building? I was planning on selling my flat, but I’m reading the horror stories about the EWS1 form being demanded by most lenders, regardless of whether the building has cladding or is under 18m in height.
stoney
17815 posts since 22/1/05
22 Sep 2020 19:16
Offer accepted on a property, been recently converted from 3 flats to a single property (within 2 years) all planning done and above board.
Bank is asking for some structural reports relating to the conversion, assume this can be covered in an enhanced survey is this is something extra on top?
ginner
351 posts since 15/4/14
22 Sep 2020 22:33
Building Regulations should confirm that the property has been converted in line with all building regs. Should be able to do a search on local authority portal for the property address and get the docs. If they want more than that, then you can ask why (especially if no major structural work was done) and if they insist then you can get this as part of an enhanced survey (a building survey - not the homebuyers report).
22 Sep 2020 23:52
sodomgomorra wrote: Property is theft.
Lol
24 Sep 2020 17:19
Thanks all, the bank wants the Structural Defects Warranty for the builder, seems standard.
No work for me.
m15try
1263 posts since 18/8/09
4 Oct 2020 10:54
Any FUK approved surveyors (North London - Islington)?
After a full structural - something to spot any major issues and tell us if our extension plans are possible
posted 14 Oct 2020 16:41, edited 14 Oct 2020 16:41
We are putting offers on a property, and the estate agent has an obsession with 'is that your final offer?'
What's the purpose of this, as I can simply offer again?!
Obviously luring one into negotiations but seems pointless.
14 Oct 2020 18:16
Yeah, also first time buyer.
The place I want is ideal for me, as I've started my PhD and need somewhere close-ish to the university.
I really want to get something sorted before the 5% deposit scheme starts coming in. As it will only introduce more buyers to the market, inevitably increasing house prices.